In this YouTube monologue, personal‑finance creator Rob Moore warns viewers against giving cash to five groups of people: the homeless, friends and family, children, and individuals who are already bad with money or in debt. He argues that cash often worsens problems, and instead recommends providing food, clothing, education, mentorship, or work opportunities to foster self‑reliance. Throughout, he frames his advice with personal credibility (nearly two decades as an entrepreneur, £200 M revenue, 340 rental units, millionaire by 31) and a blunt, profanity‑laden tone that cautions viewers not to be offended. The video concludes with a promotional pitch for his online education platform, rob.team, and a free 10‑module Money Mastermind University course, urging viewers to invest in financial education rather than simply giving money away.
Chapters
Warning: never give your hard-earned money to these 3 types of people. Before I share this, trigger warning. People seem to be offended by anything and everything right now. I like to be very real when it comes to my content and money, so if you are easily offended, you need to fuck off. So look, I've been, um, an entrepreneur, an investor for nearly 2 decades. Said with humility, I've done over £200 million in revenue. I have 340 rental units, 1,350 tenants, became a millionaire by age 31. And I see people absolutely struggling with money. Really high inflation, soaring interest rates, soaring taxation, the government nicking all your money, masses of there, and everyone seems to be wanting to take and steal your money, scam you for your money, or peddle get-rich-quick nonsense. So I wanted to share this content with you to help you make, manage, and multiply your money, protect yourself, and not make stupid-ass decisions. So, and by the way, I'd love your thoughts. So therefore, never give your money to these 3 types of people. Now, number 1, I always get a lot of kickback on this, and that is the homeless. I'm sorry, you should not be giving money to homeless people. Should you be helping homeless people? Absolutely. Is giving them money a smart thing for you to do, and is it helping them? Absolutely not. Here's why: because money exaggerates your traits. Money makes you more of what you already are. If you're a philanthropist and you give them money, they will give it to charity. If you're an entrepreneur and you give them money, they will build things. But if you are homeless and you struggle with addictions, you give people like that money and that will just make their life worse and fund their addictions. Stop giving homeless people money. Here's what you do: you go and talk to them, you ask them what they want, and you help them. So you go and buy them food. Um, or I like to, um, give homeless people some education. Um, I go on the streets and I do content like this, and I talk to them and I offer them my books, um, and try and help them, educate them, etc. Now Paul has said, never give money to content creators and influencers, keep giving us money. Come on, I like it there, Paul. Boom boom, 1-0 to Paul. Okay, so instead of giving money to the homeless, why don't you give them food? Why don't you give them clothing? Why don't you give them help and support? Why don't you give them my book on money? Okay, number 2 type of person you should never give your money to is friends and family. So one of the surest ways to ruin friendships and family relationships is by having money involved. Now, um, I would argue giving money is better than lending money to your family and friends, um, because if you lend money and obviously it becomes a business transaction, family members usually think that they get special treatment and don't treat it like a business and take the piss out of you. So it's probably better to give money to friends and family than it is to lend money to friends and family. And but the problem with giving money to friends and family is they just become dependent on you. Just like with the homeless people. I like helping people. I mean, my mission is to help as many people on this planet get better education and knowledge around money. But me just giving money away doesn't solve the problem. What you need to do is educate people so that they've got the tools themselves. So friends and family come to me for money, I say, look, I don't lend or give money to friends and family, but I'm more than happy to help. How can I help? What do you need? What education do you need? Do you want some books? Do you want some mentoring? Do you want to do a, a con— you know, a consultation call? I'll support you. Now, the sort of, um, number 2.5 here, this is a big one: kids. Your kids. So what are your thoughts, by the way, on your kids? Because a lot of people, um, they give pocket money. I do not think you should be giving pocket money. I think that's a really bad idea because the world doesn't give pocket money. And raising kids, I believe the way we need to raise our kids is to prepare them for how the world is. And sometimes we're, you know, overprotecting them, or how we're raising them is deluding them into a fantasy of what life is really like. So the only type of pocket money the world gives you is the welfare state. And do you really want to raise your children to be adults that need welfare? You probably don't. You probably want to raise your kids to be entrepreneurial, hardworking, hustling, to be able to navigate and survive and thrive in this tough world that we're in. So don't give them pocket money because that's like welfare. Instead, give them jobs. Let them wash cars. Let them set up an online business. You know, with my kids who are 12 and 9, we have a vintage business, eBay business. You know, we have online businesses. My— I have a lot of cars, so, you know, my son gets a chance to, um, wash those cars. Doesn't get pocket money off me. Now, look, my wife, she might do that, you know, but not by me. Okay, let me know what you think in the comments. By the way, thanks for your comment, Ashley, says excellent content. Okay, and then number 3 is don't give money to people who are bad with money. So if people have already proven that they're bad with money or that they're in debt, um, they can't handle money, they can't handle their emotions, don't bloody give them more money. That's like pouring more water in a bucket that's got a big hole in it. It's just kind of dumb. Now, a lot of people are very generous, and it's nice to be generous. A lot of people want to help people, and it's nice to help people. But sometimes your kindness and generosity isn't actually helping people, it's hindering people. And you should not be going anywhere near people who've got bad debt or bad credit history. You know, you want to be lending and giving money to people who are good with money, who are responsible. Who are doing good things in the world. Thanks, Mthar, for your content, um, your message saying, um, that it's really good content. Um, Wilbur is saying they're reading my book Money at the moment. Oh, and Start Now, Get Perfect Later. So thanks for all your comments. So quick summary: never give money to homeless people, friends, family, kids, or people with bad debt and credit. Instead, teach them, educate them, buy them things that can support them And I think the, um, the world will be a better place. We'll all be a little bit more, um, productive, proactive, independent. And it's like teach— give them a fish or teach them to fish. So look, if you want to, um, continue your education on making, managing, and multiplying money, if you're kind of entrepreneurial and you want to start a scale of business, if you want to get better financial education and knowledge, I recommend you join Rob.team. I have got hundreds of hours of courses and resources and master classes. You know, content like this, but of course it goes on for much longer and it's much deeper and it's more regular and it's on Zoom and it's recorded and we do live events and meetups. So it's, um, rob.team. Just type in r-o-b dot t-e-a-m, rob.team. Simply open a new web page now. And by the way, there's no risk because you can cancel anytime. There's no ongoing contract. It's something like 22 pence a day. I mean, it's nothing. Um, but to join is really easy. Just type in rob.team, rob.team, in any new window, browser, on the internet. Um, and look, I've got a— if you, by the way, if you do it now, I'll give you my 10-module, it's about 12 hours, money mastermind university completely for free. Um, so for example, um, I think that, um, there's not enough education around money in schools. So I've launched my own Money Mastermind University, everything you should have learned in school about money but didn't. And if you go and join rob.team right now, then you can get that 10-module, 12-hour-ish masterclass completely for free. It's all recorded, it's all there. Some people say to me, oh well, Rob, if you're so rich, why don't you give everything away for free? I give a lot away for free, but remember, if you just give things away, people don't value it. And now look, Rob.team is only 22 pence a day, so it's not much risk, and I'm trying to give as much as I can. Um, however, you still have to make the investment, and, um, you have to make the commitment. Um, because, you know, free advice is worth every penny, but when you pay, you pay attention. So I'll see you in Rob.team. Type in R-O-B dot T-E-A-M, any new web page. Let me ask you this, are there any, any I've missed? Are there any other types of people you think you shouldn't be giving money to, um, other than homeless, friends, family, kids, and people bad with money? If you think this content is useful, maybe you can share it because there is terrible, um, money information in schools and colleges and university. Um, and I want to say thanks to all the kind comments here. People are saying that my money books and content has really helped them. So I wonder if you feel the same. Maybe you can share this. And remember, if you don't risk anything, you risk everything.
