Why Money Makes You Poor 😳

Why money in fact makes you poor. The world has led you to believe that money makes you rich. Money does not make you rich, money makes you poor. Saving does not make you rich, saving makes you broke. But the banking system and the government, they don't want you to know this stuff. This is why it isn't taught in school. So in August 1971, Richard Nixon, he took the gold standard away where money currency had real value backed by gold. He removed that and created fiat currency where money could be created out of thin air by central banks and governments. And since 1971, the value of money has been doing that. Now, when you've got relatively low inflation, the value of money does that and we don't really notice it. So no one complains and everyone stays in lane. But when inflation is 10% and 15% and more, it starts to go down hard and people start to notice. Why do they notice? Because everything costs so much more fucking money now. But yet your parents and school been teaching you, save like a good little boy, don't spend, save, put all your money into a savings account. You can get 1% interest when inflation is 10%. So you must know this, it is a massive myth that money makes you rich. Money in fact makes you poor because this is the reason: money is a depreciating liability. The banks know this. So, um, yes, this is live, Rosemary. So when you give your money to the bank, the bank immediately know that that money is a liability on their balance sheet because the banks create inflation monetary policy, inflation, and they immediately loan and invest it out. And then they do what's called fractional reserve banking, where they'll lend £1 out 10 times and $1 out 10 times. So you think, 'Oh, I'm saving my money, I'm putting my money in the bank, they're going to give me interest, they're going to look after it, and I'm going to get paid on it,' when in fact interest rates are relatively low, inflation is relatively high, so you're paying the banks to hold your money. And then the banks are taking your money and they're lending it out £10 on the pound, $10 on the dollar, because they know it's a liability, yet they're telling you to give it to them. So here is what the school system, the banking system, and most systems will not tell you. You— when the rich do not get rich by money, the rich get rich by assets. And what the rich do is turn money into assets as quickly as possible. So the only purpose of saving is to as quickly as possible be able to invest, as quickly as possible build up a little pot so you can buy a Rolex Daytona, you can buy a property, you can buy a bit of Bitcoin, you can start a business, you can put your money in the S&P 500 or whatever other asset. That's the only reason you would save. Well, to learn the discipline of building a pot of money. That would be the other reason, but you're not taught that or told that. So people think that people get rich through money. People get poor through money. People get rich investing in assets and investments, and money is not an asset and it's not an investment. So here's what you need to do. You need to learn how the banks work. And the government's work, and you need to play those bastards at their own game. Although I must say, Liz Truss, some of the things she's doing right now, good on you, Liz. I got your back, Liz. Getting the taxes down, encouraging growth in the economy. I support a lot of these moves. Good on you. I've been a bit— slammed the government a bit for some of the things they were doing, pandemic and lockdown and increasing taxation. But you know what? Credit where credit's due. Anyway, the government ain't going to tell you what I'm about to tell you. So any money you get, you've got to realise that's on fire. That's going down in value, and the longer you hold it, the more it goes down. So you've been paid and you're like, "Shit, I'm losing that, I'm losing that." Okay, stop. Get out of savings and put it into investments and assets. Now an investment is something that will hold your money, protect it from inflation, and go up in value over time. So at least it stops your money disappearing. An asset is something that will do that but also pay you a recurring income. So property is an investment, it protects your money from inflation and grows in capital value in the future, but it's also an asset because if you get a tenant covering your mortgage, you get income. Gold is an investment but not an asset because gold doesn't produce income. Bitcoin is a more volatile asset, but it's not an investment. More volatile investment, but it's not an asset because it doesn't produce income. The stock market is specially diversified across S&P or FTSE. That's an investment and an asset. Now Peter has asked, why do you think this isn't taught at school? Here's why. Because what the system needs is for you to go and get a job and pay 50% tax for the rest of your life because the government needs half your money because it's in so much debt. The next thing is the central banks need to make sure that you're borrowing money all the time off them so that they can charge you all that interest. So they're literally sticking one needle in one arm and sucking out half of your blood in your life in the form of tax, and then they stick in another needle in the other arm. They're luring you in with all loans and credit, come to daddy loans and credit, stick the other needle in and they suck out half your blood in your life in interest payments. Do you know the average American pays $600,000 in interest in their life? Holy fuck. Now, they also don't teach you the difference between a good debt and a bad debt. Bad debt: car, credit card, holiday, liability debt. You can get loans for that shit. By the way, if you go to a mortgage company and you want to remortgage your house because you want to buy another investment, they'll say no. But if you want to get a car or a conservatory, they'll say yes. How fucked up is that? So this is— there's other reasons it's not taught in school, but anyway. So, pick up my money again. Money is a depreciating liability that's been going down since 1970, but it's going down even harder now because inflation is double double digit. What I mean by that is double digit is 10%, and it's definitely over that. Double double digit, I call 20%. And let me ask you this. 'Oh, but Rob, inflation figures are only 8.3%.' Well, let me ask you this: has your milk, your cheese, your eggs, your travel, your accommodation, your hotels, your holidays, and everything you buy only gone up 8.3%? No, no, I'm telling you, since lockdown at least— so since lockdown, at least 30% of the value of your money has gone up in smoke in inflation. So what have I got here? I've got a few dollars. So that, out of that much money, that has disappeared since the lockdown, and I've only got that left. But they all teach me to save money. The government say put it in bonds, put it in savings, come and get minus net 10%. Well, hey, if If I said to you at the start of lockdown, give me 100 grand and in 3 years I'll give you 70 grand back, what do you reckon? You'd tell me to fuck off. Well, that's what's happened to money. So you need to get rid of cash as quickly as you can. Obviously you need to live and have your food and, you know, your expenses, but anything above that, you need to get rid of money and put it into investments and assets because money makes you poor. And investments and assets makes you rich. So if you'd like to know what kind of investments and assets to get involved in, if you'd like to know how to protect your cash from inflation and the devaluation of money, which was going like that and that is now going like that, I recommend you join Rob.team. So Rob.team is my members area where you get better financial education and knowledge that you should have learned in school and you should have learned from your parents, but the system don't want you to know. Content like this, but every single day. I have got the Mindset and Money Masterclass. I have got the 4-hour 6-Figure Subscriptions Membership Site Masterclass, teaching you how to turn your content into cash flow and your information into income, because you don't need a load of money to start a membership site. We have got in there the 9-module, 10-hour How to Invest series. If you'd like to learn how to invest in Bitcoin and the cryptos to avoid, stock market, watches, classic cars, businesses, property and real estate. I think we cover about 9 different classes. How to stop your cash going down, protect it by putting it into investments and assets. The 9-module, 10-hour How to Invest Masterclass, that's also in Rob.team. Now here's the good news. Rob.team is online, digital. Anyone in the world can join and anyone in the world can afford it. 'cause I'm doing my bit to try and change the education system around money. So you can join right now with no ongoing contract for less than 20 pence a day, less than the cost of a large coffee a month, and it's really easy to join. All you have to do is type in rob.team. Rob.team. You've got until I finish counting this money to join. In rob.team, and all you have to do, like I said, open up Firefox or Google or anything and just type in rob.team. You're going to get hundreds of hours of masterclasses on making, managing, and multiplying money, on starting and scaling any business—part-time, full-time, or big-time, side hustle, or your main thing. You're going to learn how to create multiple streams of recurring income from both physical and digital assets. You're going to learn what, 30 different ways to save up to half your living costs. And you're also going to learn how to get your tax down and your income streams up from regular masterclasses. I do Sunday sessions every Sunday. I do 2 deep dive 2-hour masterclasses a month. I bring in my guest millionaire experts. For example, my tax accountant who saved me millions in tax, and he's charged me hundreds of thousands for it in the last 12 years, We did an interview and we did a 90-minute deep dive live on how to get your tax down. Do you know that tax is your biggest expense? Costs more than your husband or wife, costs more than your kids. Tax is your biggest expense. Most people don't know that. That's why I've done a 90-minute masterclass on how to get your tax down and various tax breaks which are legitimate that anyone can implement, but It doesn't work if you're employed. So you need to have a Plan B. You need a side hustle. You need to start a business. If you're employed, you're stuck in the system. So to get out of the system, just go join Rob.team. Just type Rob.team. Rob.team. Enter a new window in the internet right now. Cash is making you poor. And look at countries with hyperinflation. You know, when I think you could have like a million-dollar Zimbabwe note and you couldn't even buy a loaf of bread with it. Because cash was wiped out by hyperinflation. So it's not just in poor countries where inflation is high, it's now coming into the Western world where we're getting double-digit-plus inflation. But the system will have you believe that money makes you rich. No, money is the conduit to invest in investments and assets that produce recurring income and go up in capital value. That is the system for getting rich. Maybe I should just say that again. Rich people don't get rich by money. Rich people get rich by investments and assets. Rich people use money as a conduit, a mechanism. They get rid of money very quickly and they put it into investments and assets. Those investments protect the money from inflation, stop it going down. They go up in capital value over time. And they produce multiple streams of income. And it's this kind of content that Rob.team is fully focused on to help you start and scale a business, make, manage, and multiply money, and build multiple streams of income. So if you found this useful and interesting, imagine what you could learn every day. I think there's like well over 100 hours of content. There is no contract. You can cancel anytime for less than the cost of a large coffee, less than 20 pence a day. Because I want to make sure everyone can afford it. So thanks for tuning in. I'll see you in Rob.team. Just type R-O-B dot T-E-A-M right now. I'm in a live masterclass, so I've got to get out of here. Thanks for tuning in. Rob.team, see you there. You'll also be in the WhatsApp group. You'll also get invited to live events. You've got potential to have a dinner and networking meetings with me. We've got the 2-day Multiple Streams of Business Income event coming up, paid event, not for Rob.team members. You get VIP upgrade tickets for free. We have the 2-day Online Recurring Income Summit. Paid event, not for Rob.team members. So I've got your back if you're a Rob.team member, but you have to have your own back. I can lead you to the water, but you have to drink. So go join Rob.team. Type Rob.team in a new window. Protect yourself from inflation. Protect yourself from taxation. Protect yourself from the mass hypnosis of money and savings. There's a revolution coming. Hit the share button right now if you think this has been useful content, and remember, if you don't risk anything, you risk everything.