The 5 Stages to Wealth, No BS

The 5 stages to guaranteed wealth. No BS involved. Gaining wealth and riches is actually a simple 5-stage process. Notice I didn't say easy, I said simple. If you follow these 5 stages, you will guaranteed gain wealth and riches as long as you follow them consistently, you manage your emotions, you have discipline and long-term thinking. So this video will not take me that long. I'm going to share with you the 5 stages in order you can go from even in, in bad financial trouble and debt to wealth and riches. Now the reason I'm sharing this is because We're in a cost of living crisis, and inflation is as high as it's been for decades. The cost of living is as high as it's been in decades. You know, pound for pound, your spending power is as low as it's been since the Second World War, which is crazy. Now, I'm on a mission to help as many people on this planet get better financial education and knowledge. I, I'm author of the UK's best-selling book, Money, and the podcast Money. And I want to help you through these challenging times. Now, I was fortunate enough to become a millionaire before age 31 and a deca-millionaire before age 35. So I'm now going to share with you the 5 stages to go from debt to wealth, guaranteed. Now, these are simple, but I didn't say they were easy. What you have to do is manage your emotions, have long-term thinking, have a plan, have discipline. But if you do that, the, the law of compounding and momentum will be on your side. And I'm telling you, these work. Now I'm just going to ask one thing of you in sharing this 5-step system that the masses don't know, that should be taught in schools but are not. All I ask of you is that you share this content if you find it useful, because like I said, I'm on a mission to help as many people as possible get out of debt and gain wealth and riches. Let's be honest, there's more than enough money out there for us all to be millionaires. So who's got your money? There's more than enough money, so why aren't we all wealthy? There's something wrong with the education system. It's education that people need more than just giving money and subsidy. So the 5 stages of getting out of debt and gaining wealth are: Stage 1 is you must get out of bad debt. Good debt is debt leveraged to own assets that produce income. Bad debt is buying depreciating liabilities, especially on credit or higher purchase. So if you have bad debt credit cards and high-interest loans and you're higher purchasing to buy depreciating liabilities, you've got to cut it out, you've got to stop it, and you've got to chop that debt down. The problem with debt is the interest can be so penal. It could be 10%, 20%, 30% or more. These payday loans can be that in a week, and that really compounds. So you've got to slash your debt down. Quick tip on this is to pay your highest and most expensive debt down first and fast. Step 2 then, once you're out of debt or you're moving out of debt, because you can do step 1 and step 2 simultaneously, never spend more than you earn. This is such a fundamental rule of money. The two most fundamental rules of money are: one, never spend more than you earn, and two, always pay yourself first. Except most people are spending more than they earn, and they're paying themselves last after all the bills and expenses. So if every month you spend 95% or 90% of what you earn, even if you don't earn much, in 10 or 15 or 20 years, you could end up being a cash millionaire. So even if right now you can only save 1% of what you earn, save it, because you will not get more money until you learn to manage what you already have. So learn to manage what you already have well, and you will attract more. So you go from saving 1% to 5% to 10%. When you can consistently save 10% of what you earn, that compounds over years and decades, and you will become a cash millionaire in your lifetime. Just that way. It's quite surprising how powerful it is. Now ideally you're going to get to saving 20% and 30% and 40% and 50% of what you earn, and then you'll become rich much more, um, quickly. Okay, so step 1, get out of bad debt. Step 2, never spend more than you earn. Step 3 is you increase the amount that you save per month, and I sort of referenced it there. So for example, you go from 5% saved of your earnings to 10% saved of your earnings to 15% saved of your earnings, and you keep increasing it. Now, by the way, this is a big myth that you can save your way to wealth. It's too long and too slow to save your way to wealth. So I'm going to actually tell you the better way to gain wealth. Look, if you save 10% of your earnings for the rest of your life and you invest— ah, that's the trick, you see, you've got to invest it. If If you didn't invest it, you probably wouldn't be able to get rich. In fact, I'm going to throw this right out there, and this— a lot of people are going to think this is a controversial statement— I don't think you can save your way to wealth and riches. Like, think about it. At the moment, interest rates are 1%, but inflation is 10%. So you save your money, 1% a year you're earning, if the banks will give you that, but then inflation is eroding it at 10%. And even if inflation is 5%, so you actually can't save your way to wealth. What you do is save as a mechanism to then invest. So step 3 is you're going to increase the amount that you save per month. And then step 4 is once you've got an investable amount, you're going to immediately invest it. You're going to put it, put it into real estate, you're going to put it into a well-managed fund in the stock market, you're going to put it into digital assets, you're going to start a business. And then step 5 is once you make income from your investments, you're You reinvest the income until your passive or recurring income outweighs your earned income. So for example, whenever I put money into the stock market, into managed funds, I always put the accumulation setting on, which means that all the dividends I get, they get reinvested and the wealth accumulates. Because if you spend your income, the capital doesn't grow, whereas if you reinvest some of the profits— not all of it, but some of it— then the capital grows and the income grows and it compounds. Okay, so let me share with you these 5 simple steps again. Remember, all I ask is that you share this because I'm on a mission to help as many people in this— on this planet start and scale their business, get better financial education and knowledge in these times of crisis, of soaring cost of living. So please hit the share button. So stage 1 of 5 to go from debt to wealth is to pay your bad debt down and slowly but surely or quickly get out of bad debt. Now, good debt is debt against real estate or starting a business or investing in your own education. That's good debt. Get out of bad debt, stage 1. Stage 2, never spend more than you earn. Stage 3, save an increasing percentage of your income every month. Go from 1% to 5% to 10%. Which you'll— this will surprise you, over time you can build quite a nice pot. But it's important, stage 4, you don't just leave your money in savings. If you leave your money in savings, inflation is killing it, soaring costs of living are killing it. So you must immediately get your money out of savings and into investments. Real estate, starting a business, well-managed fund, digital and those assets are going to give you recurring income. The capital will grow and the income will grow, and you are financially free when your recurring and passive income exceeds, exceeds your work and your earned income. And you could do this in 3 years, 5 years, 10 years, or less if you follow this 5-step system to gain wealth guaranteed for the long term. So hit the share button, Let's help as many people as possible. Make sure you save this video. Make sure you follow these 5 steps. It doesn't matter what stage you're at— 1, 2, 3, 4, or 5. It doesn't matter how little or how much you earn. This is guaranteed to work. Now, if you would like to continue to build your wealth, if you'd like to build multiple streams of income, build digital assets, if you'd like to get better financial education and knowledge, if you'd like to start and scale a business or a side hustle, I invite you to join rob.team. Now, rob.team is my premium members area, uh, and for just a fiver a month, the cost of a large cup of coffee, you can gain access to 15 pieces of premium content from me on starting and scaling your business, getting better financial education and knowledge, building digital assets. And the link is rob.team. So literally right now, open a browser. I can't hyperlink it in here, so you're gonna have to go right and do this now. Open a browser, do it now, um, an internet browser, and just type in rob.team, and you can get 15 useful pieces of content like this every month, except it's longer and deeper and more technical on building wealth, on starting and scaling a business, on creating multiple streams of recurring income, on building digital assets, on monetizing your personal brand and social media. Adam's just put the link in. It's rob team. Join now because I have to go in a moment. You're going to get 15 pieces of premium content from me. You're going to get lives and blogs and articles. I'm a columnist for Inc. magazine. I'm the author of the UK's best-selling book on money called Money. I'm the author of the podcast Money. I've done over a quarter of a billion in revenue. I make tens of millions a year in income, so I am qualified to help you. So go to the link rob.team. Rob.team. I always get asked to repeat the link. Just open up, up in a new browser and go and join now for a fiver a month. You can cancel anytime. There's hundreds of hours of content already waiting for you. You can go and consume the whole lot. You could consume the whole lot and cancel at any time if you want. We've got live masterclasses twice a month. We've got challenges 4 times a year. We've got live meetings twice a year. All on mindset and money, the skill set, the strategies, the tactics of building wealth. For example, coming up in a couple of weeks, we've got the 21 Ways to Monetize Social Media Masterclass, a whole day masterclass, a $500 online course that you can get for free when you join right now at rob.team. R-O-B dot T-E-A-M. But you need to open a browser, do it now. I've also got the Recurring Income Summit in 3 weeks' time, a 2-day event. There's $1,000 to non-Rob.team members. I've got the founder of Netflix keynote speaking. I've got an author who sold half a billion books. And you could gain access to the Recurring Income Summit at rob.team, but you've got to be quick and you've got to do it now. I'm celebrating 3 years of Rob.team, but the Social Media Monetization Masterclass and the Recurring Income Summit, they are limited places. I've got thousands of Rob.team members, so you're not guaranteed to get in, so you better be quick. I usually get a lot of people that, that join when I do these lives. I'm sorry I haven't mentioned it much, actually. Many people have been joining recently. I've been getting dozens a day join recently, and people are saying, I didn't even know this existed. Sorry, I've been keeping it a secret. So the link is Rob.team. You are worth investing in yourself. You pay yourself the best return. Invest in yourself wisely. You spent more on a cup of coffee today, um, or a sandwich or a snack than to join Rob.team for one month, and you can cancel anytime. Okay, cool. So make sure you hit the share button because, um, I believe the world lacks education around money. You can give people money, but if they're not educated around it, they'll just squander it like lottery winners. And this is why I want to help people with the real steps to wealth. Step 1: Get out of debt, pay it down, especially your high interest first. Step 2: Never spend more than you earn. Step 3: Save an increased amount, a percentage of your earnings each month. Step 4: Once that saving is enough to make an investment, make an investment to protect the capital from inflation and get recurring income. And then Step 5: When you get income, reinvest some of the income back into the asset to build the asset. And when your recurring income is more than your occurring income, and your passive income is more than your earned, worked income, then you are financially free and you are wealthy. And it works. And it might take you months or years, but it works no matter how bad the financial situation is that you're in, as long as you follow the steps, you're disciplined, you're focused, and you let compounding work for you. So thanks for tuning in. Hit the share button. Hope you enjoy these daily money lives. I'm going to do these daily money lives around about the same time because I'm on a mission to help as many people start and scale their business, get better financial knowledge in really difficult, soaring cost of living, disruptive times. I'll see you on rob.team. It's just a fiver a month, cost of a large coffee, cancel anytime. Go and join right now at rob.team. You gotta open a browser to do it. Type it in, join. It's really easy, cancel anytime. And remember, if you don't risk anything, you risk everything.