The 3 Worst Things to do with your Money ⛔️

The 3 worst things to do with your money right now. There is a lot of fear around money out there. Inflation is huge. The cost of living crisis bites deep. The energy crisis continues to escalate. So right now, it's absolutely vital that you protect your money, you invest your money well, and you don't do things with your money that's going to get it wiped out, whether it's inflation, whether it's negative return, or whether it's just wasting it. Now, I'm not going to talk about things like gambling and alcohol. It kind of should be assumed that you're not going to spend all your money on gambling and alcohol, even though people need to distract themselves right now. That should hopefully be assumed, that you're not going to put your money into bad addictions. So that being said, and if you need to have a little word with yourself, by all means do. The first worst thing to do with your money, which surprises many people by the way, but one of the worst things you can do with your money right now is save it. And the reason for that is actually many. The first is that I wouldn't trust the banks right now. And even if you don't subscribe to the fact that there's some dodgy stuff going on behind the scenes, Just the fact that the governments and the banks are running out of money, and the banks are becoming an outdated museum artifact— is that the word? So actually, you don't want to leave your money in the bank because the banking system is not as secure as it used to be. But the next reason why you don't want to save money is because inflation is so much higher than interest rates. I'm actually going to come back and talk about this one at the end, so remind me in the comments. The first worst place to leave your money is in savings, in the banks, or anything backed by the government, because they're not giving you a return and it's not actually backed. Okay, the second thing, and this is unpopular by the way, but I'm happy to be unpopular because usually what is unpopular is what works. Observe the masses and do the opposite. Be greedy when others are fearful and fearful when others are greedy. So the second worst thing to do with your money is to put it into most cryptos. Now look, Bitcoin's probably fairly safe and secure, it seems decentralized, but most other cryptos, they have the veil of security, the veil of being decentralized, but actually if the platform or the company or the owner behind it goes under, so does the entire crypto network. So actually, most cryptos are not secure enough yet, they're not proven enough yet, and they're not decentralized at all. And a lot of people are jumping into crypto head first, head down, ass up, like a dog digging in a hole, but you can't see where you're going. So I would not recommend that you put much of your money into most of the cryptocurrencies. And then the third worst thing to do with your money is to buy depreciating liabilities. So right now, many assets are going up in value. Cars, secondhand cars and classic cars have been going up. Gold's been going up. Watches has been going up. Precious metals have been going up. Real estate and property has been going up. But there are many depreciable liabilities. Now, you can't help food, of course. You need to buy food. You need to buy general sustenance. But don't spend any more money than you have to on depreciating liabilities, whether that's electronic equipment or a lot of the, a lot of the things that you buy brand new that sort of halve in value in 1 to 3 years. Try and buy secondhand. Try and buy at the bottom of the depreciation curve. Even with assets, by the way, I buy usually used. So most watches that I've made money on, I've bought used, not new. And most classic cars, well, all classic cars I bought used not new, that I've made money on. Now, some things, they've got a tradable value, like gold, and the value is what the value is. Real estate— I do not buy new property. I buy existing older property, 30, 40, 50, 80 years old, because the asset starts with a margin for the developer. Um, you buy a watch and it starts with margin for the watchmaker. So what you want is that profit margin for the developer, the watchmaker, to erode off, and then you're buying it at its real tradable value without the margin to the creator of it. So is this all making sense? Give me a yes in the comments if this is making sense. I can see a lot of you are tagging your friends in, so I just want to welcome anyone who's new to my videos. Thanks for tuning in, really appreciate you. Uh, okay, so the 3 worst things I believe you can do with your money right now is number 1, reverse order, buy depreciating liabilities. Make sure you buy assets and liabilities at the bottom of their depreciation curve, usually used and not new. It's pretty easy. All you have to do is track prices going back. Um, the next thing you shouldn't do with your money is put it into most cryptocurrencies. Now, Bitcoin's probably decentralized— I think it is— and it's probably now proven— I think it is— but I still wouldn't put much of my net worth into it. However, um, most of the other cryptos, even the ones that look good, they're not decentralized, they're not yet proven. And then the, the last thing I would not do with my money— and by the way, this goes against the grain of the masses, but the masses aren't educated— and that is leaving it in banks, saving it, or having it in government-backed assets. So if you buy bonds, you've got a negative return right now. So why would you do that? And do you trust the government to guarantee it? The banks won't guarantee that much of your money, and they won't insure it. And savings are minus 8, minus 12, minus 15% when you take what interest rates are compared to what inflation is. So the very worst thing you can do with money that you want to retire on, to build your nest egg for the future on, is to leave it in savings. So some of you have said in the comments, well, what should I do then? Well, I'll give you a few tips. Are you ready? Here we go. Number 1 is savings are great as a way to build an investment pot. So I'm not saying don't save any money, I'm just saying don't leave money in savings. The purpose of saving is to teach you money discipline and then to invest it. So as soon as you've got enough money to buy gold, to put a deposit on a house, to buy an investment material item like a watch or something like that, immediately get it out of cash, out of the bank, and into an asset. That's the first thing that you can do as a way of a solution. The next thing is you want to invest your time, money, and resources into appreciating assets, not your time, money, and resources into depreciating liabilities. So a business that you start, or a side hustle, that's an appreciating asset. If you get into property and real estate, or you start learning about vintage classic cars, vintage watches, art, and other classes of investment, the stock market, and you learn about them, because the more you learn, the more you earn. So that's the next thing you can do: put time, money, energy, and resources into assets not liabilities. Then the next thing you need is multiple streams of income. So one stream of income is not enough right now because of inflation, because of taxation, and because of the risks going on in the world. You need 2, then 3, then 4, then 5 different asset classes and diversified income streams. So that might be from your content— content into cash flow, information into income. That might be from real estate. You might have some gold. You might have one or two different companies, for example. So if you'd love to learn how to get the best return on your money and time, build assets that produce income, create multiple streams of income, and start your side hustle or your new venture, and you would like to not just survive but thrive this crisis, and you would like to learn how to get the most out of your time and your money and your resources, I recommend you go join Rob Moore. Team. Jeanette said you've got to diversify your earnings. 100% agree, because here's the thing: you could get wiped out in any one area now, couldn't you? So don't— for example, if you have decent money, don't keep it all in one bank. If you had it all in Northern Rock in 2008— so diversification is really important. I don't think storing or saving gold is dangerous as long as you've got it somewhere safe. Okay, so anyway, I can answer all these questions and continue to teach you in Rob.team. So Rob.team is your financial educational platform. It teaches you how to start and scale a business, get better education and knowledge around money, make, manage, and master money, teaches you how to build multiple assets, multiple diverse income streams, and invest in the right kind of assets that appreciate, and learn how to start and scale a new business or a side hustle or your second income stream. There's a masterclass on the 5 ways to— fastest ways to $100K, for example. There's the Mindset and Money masterclass, for example, because right now people's mind and emotions are disrupted with what's going on in the world. So here's how you join Rob.team to get all of this. And the great news is it's less than a large coffee. You can cancel at any time. It's one-third of the price of Netflix and with no ongoing contract. So here's how you join. Just open up a new page now on the internet. Do it now. Just open a new window where you um, go on to the internet and just type in rob.team. Rob.team. Go and join now, get multiple masterclasses. I think there's between 150 and 200 hours of content. It's pretty cool, huh? For the price of a large coffee. Uh, and, uh, look, I'm You need help in investing. You need help in protecting your money. You need help on educating yourself about the right business models for you, whether you want to be full-time, part-time, or big time. So if you want these masterclasses, like the 21 Ways to Monetize Social Media masterclass, like the How to Invest 9-module, 10-hour series masterclass, you can learn all of this and more in rob.team. So that's the next action. Many of you have said kind words about my content here. Thank you. If you want the next level though, If you want the deep dive masterclasses to be able to do Q&As with me, get 90 minutes, 2 hours, 3 hours at a time of deep dive how-to practical content, because obviously I can't do content for that long on Facebook, go join rob.team. And I'm doing my bit to give back by keeping the cost really affordable, less than a large coffee and no contract. So yes, it's a monthly, but you can cancel anytime. So if you open a new page on the internet right now and type in R-O-B team. Rob.team. You can go and join right now. It's all instantly accessible online. You even get access to me in a WhatsApp group. Um, we've got live events coming up, we've got the Sunday sessions. So much content out there. You must protect yourself. By the way, saving, hiding, and hoarding your way out of this is not going to work. Inflation is too high and it's going higher. The government are in too much debt and it's getting worse. Tax is too high and it's getting higher. The only way out of this is to learn your way out of this, earn your way out of this, and invest your way out of this. And on a weekly basis, you're going to learn how to do this in practical masterclasses in rob.team. So I'm pointing over there because you need to now go open up a new web page and type in rob.team. Rob.team. Do it now, not later. And I'll see you there. As many of you are going to join, because I can see it by the numbers, um, I will answer a couple of questions here. Someone has said here, is silver good to invest in? I personally prefer gold, generally because it's the more precious of a metal. Generally it's therefore more desirable, it's a little bit more scarce, and you can buy more of it with less storage issues because, um, silver is obviously less valuable, therefore you need a lot more of it. And when I buy gold, I buy physical. I know some people will like to buy it online or shares in it or have it stored in a vault. Nah, I want to own it. I want it physically. So I personally prefer gold to silver for the long time. Obviously the price is going to do that between them. I— at some point per ounce, silver might be a little bit more than gold, for example. But in the long run, I think I prefer gold for those reasons. Thank you for all of you that have shared, by the way. Jonas just said she shared this to her family. Um, so yeah, if you wouldn't mind hitting the share button, button, because, you know, I do want to get this education out to as many people as possible. This is my mission, to help as many people on the planet get better financial education and knowledge. That's why I do these daily lives. That's why I've got Rob.team. Rob.team, people tell me, Rob, should be £30 a month, £50 a month, £100 a month. People tell me this all the time, but I'm keeping it under that large cost of coffee so that I can help you not just survive but thrive through these difficult times. So take advantage of your opportunities. This is a great opportunity for you to join Rob.team. Have you joined? Just open up a new page and type in Rob.team. Rob.team. And Pauline has said here, what for those with no money to invest? Well, on the 9-module, 10-hour masterclass on how to invest, we did a whole session on investing with no money. Because when you don't have money, you have to tap into your resourcefulness because you don't have the financial resources. So no money down property joint ventures, for example, or starting an information-based business, or launching a membership site. There you go, there's 3 ways you can do no money down investing. In fact, I'll tell you what, get this, because I'm always listening to, you know, my people who watch me. Someone has said invest in a razor. Yeah, but look, the cost of living crisis— look at me saving money. Um, I will do a how to raise money masterclass with myself or one of my guest experts, and I will do how to invest with low or no money. How's that? How would you like two deep dive live masterclasses, practical and tactical, on how to raise money if you don't have any from a standing start, and how to invest or start a business if you don't have much money? How would you like that? So if you join rob.team right now, for less than the cost of a large coffee, I commit right here publicly to do those two live masterclasses on the Sunday sessions in the coming weeks in Rob.team. Can't ask for fairer than that. Give you what you want and need. Because I was £50 grand in debt when I started in property, and actually, um, many of my properties have been no money down in a joint venture partnership with my business partner. So I actually didn't have any money to start with. So I know how to do this, and I'm going to share the same strategies and tactics and tips with you. So to join, go type rob.team, rob.team, in a new page in the internet and do it now. And I commit to doing a masterclass on how to raise money and a masterclass on how to invest or start a business with no money. Also, do you know on rob.team I allow kids to have free membership, which means that the parents can share the login and I'm not charging extra for the kids. Obviously, all adults can't go and share logins, and I'm watching. But if you have children, I let kids join Rob.team for free. So if you join Rob.team, this could be a great gift for you to give to your children, to give them financial and educational knowledge they are not learning in school. They're not learning about inflation in school right now, yet everyone's talking about it. They're not learning about debt. They're not learning about money management. They're not learning about the difference between good debt and bad debt. They're not learning about managing their money emotions, which is, by the way, one of the big things. That's why I do the Mindset and Money Masterclass, because if you cannot manage your emotions around money, do not expect to make more money. That was Warren Buffett's quote, by the way. If you don't make money while you sleep, you will be working until you die. That's a Warren Buffett quote, by the way. So this stuff in rob.moore.com is really going to help you. So open a new page on the internet. Type rob.team. Rob.team. Go join right now. If you want to buy gold, you can buy— I think it's either Britannia or Sovereign coins off the Royal Mint, and they'll even deliver it for you safely. So that's a pretty cool thing to do. There you go, giving you another tip there. Thanks, Greg, for your kind comments. Um, so thanks to all the Rob.team members. Thanks to all of you for tuning in. Please hit the share button. It's important to me to give back and to help others, and you sharing this can help that virtuous cycle, if you like. So if you've ever enjoyed any of my content, this is important content right now because people do not know what to do with their money and they're losing their money. Inflation is wiping out their money. They think they're saving money, but they're losing money. They're buying depreciating liabilities instead of appreciating assets. They're in some investments they think are going up, but they're actually going down. That's why this content is important. So yes, exactly, Sabrina can work through Rob.team with her 13 and 15-year-old kids. Perfect. So learn with your children, teach your children, because your children probably don't listen to you, because none of my kids don't listen to me, but they might listen to someone else. So kids go free in Rob.team, and go and join right now if you want these two new masterclasses on how to raise money and how to invest and start business with no money. Are we going to do those in the future Sunday sessions with myself or my millionaire mentor guests? So go join right now in rob.team. Type r-o-b dot t-e-a-m. And do not leave your savings in the bank, do not put your money into most cryptocurrencies, and do not buy depreciating liabilities. Bosh.