How to Break The System That Keeps You Poor
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 29 September 2023
⏱️ 45 minutes
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| 0:00.0 | So because I know who I am a lot more, I'm able to see other people for who they are and I also like to judge people on how I am |
| 0:08.8 | Bob at the age of 25 I was £50,000 in debt quoted. What went wrong? |
| 0:15.6 | I didn't know how to manage money. I didn't know how to manage my emotions around money |
| 0:19.8 | I wasn't taught by anyone school or |
| 0:24.1 | Society how to manage money well credit was too easy to get anyone could get a credit card and a mortgage back then what that was |
| 0:32.5 | mid-2000s |
| 0:34.5 | And you know my money situation only changed are you getting out of debt and making my first million than my 10th million? |
| 0:41.2 | And where I am now only changed my my behavior around money changed my beliefs around money changed to drive the behaviors |
| 0:48.3 | So essentially what went wrong is I was buying depreciating liabilities |
| 0:53.1 | On credit are you |
| 0:55.1 | Creating debt on credit cards to buy depreciating liabilities so the debt accrues interest and therefore you own more and the thing that you buy goes down in value and therefore depreciates more so you lose twice |
| 1:07.7 | And it was only until I had educated myself around money did that changed how did you educate yourself because schools |
| 1:15.6 | Unies colleges |
| 1:17.2 | For my experience the bullshit when it comes to finances taxes and and real-world stuff |
| 1:22.2 | How did you educate yourself because they don't yeah? I think if you want to be a doctor |
| 1:26.2 | Identiced a lawyer and accountant a solicitor then |
| 1:29.6 | You know going to a good college |
| 1:31.9 | Can potentially set up for a good career. It's no guarantee though |
| 1:35.5 | But yeah, if you want to be an entrepreneur for example |
| 1:39.4 | Occasionally intellectuals and economists criticize my book money. I've made I've done 200 million in sales |
| 1:46.2 | Name me an economist that has name in intellectual that has. It's very rare |
| 1:51.2 | So I'm not a theory type person. I'm a practical reality type person look |
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