The Money Podcast

10 Reasons People Are Skint or Poor


Listen Later

It’s high time you stop sulking in that corner about you being poor. Let’s admit it, we all have desired more wealth than what we have right now.

In this episode of The Money Podcast, we take the first step – acknowledging the wrong things we do. Rob prepared the list of Top 10 reasons why you are poor or skint. It takes guts to admit to oneself that you have done things (and are still doing things) that let you live in this hell hole. Discover today how you can flip things around and earn more money when you tune in.

KEY TAKEAWAYS

  • What’s the difference between being skint and being poor?
    • Skint – People who were raised in an environment where there are available resources like books and the internet to learn about money.
    • Poor – People who don’t have the means to get their hand on resources.
  • Top 10 Reasons You’re Skint or Poor
You just don’t have the opportunity. We’re talking about people who live in the least developed countries who also have no access to clean water and our economically vulnerable.
  • You don’t have the right financial education. It’s not your fault. Financial education isn’t really taught in schools.
  • Money isn’t really important to you. You spend money on things that make you feel good but doesn’t really look into earning, saving, and investing more.
  • You haven’ found the right business model. You might have a business model that doesn’t work or isn’t just perfect for you.
  • You’re not prepared to take a risk. You have to believe in yourself that you could do more and you’re worth it. Always go for something that will benefit you more.
  • You don’t embrace marketing. Learn about tactics that could bring you a lot of money. Sales put your products and services out there, and marketing is the inbound interest of people to your products and services.
  • You spend more than you earn. Keep track of your expenses before it gets worse. Spend within your means.
  • You don’t take responsibility. Stop blaming people for your own actions. Own up and take the necessary steps to get out of the sinkhole.
  • You’re envious and jealous you’re not rich. Instead, be motivated and concentrate on how to increase your finances. Every wealthy person that Rob met has honored trait, built talents, and gain experience.
  • You’re on the right path, you just didn’t do long enough. It takes patience and persistence to earn the target money you want. Reach that goal.

    BEST MOMENTS

    • “You’ve got to take progressively more increased risks if you want to earn more money and get out of being skint and start making it.”
    • “There’s a lot of things you can do and generate money, but virtually, the dam opener or the block on all of them is sales and marketing.”
    • “If you spend more than you earn, you go backwards; if you earn more than you spend, you go forward.”
    • “Even if other people are sabotaging you and your progress, you have to be responsible, otherwise you can’t control it.”

    VALUABLE RESOURCES

    • https://www.amazon.co.uk/Money-Know-Learn-money-transform/dp/1473641322

    ABOUT THE HOST

    Rob Moore is the host of the UK’s no. 1 business podcast “The Disruptive Entrepreneur,” as well as an entrepreneur, property investor, property educator, and holder of 3 world records for public speaking. He is also the author of 9 business books, 5 UK bestsellers, and the global bestseller, Life Leverage.

    “If you don't risk anything, you risk everything.”

    CONTACT METHOD

    • Facebook: https://www.facebook.com/robmooreprogressive/
  • LinkedIn: https://uk.linkedin.com/in/robmoore1979
  • ...more
    View all episodesView all episodes
    Download on the App Store

    The Money PodcastBy Rob Moore

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    17 ratings


    More shows like The Money Podcast

    View all
    Money Clinic with Claer Barrett by Financial Times

    Money Clinic with Claer Barrett

    52 Listeners

    This is Money Podcast by This is Money

    This is Money Podcast

    34 Listeners

    The Meaningful Money Personal Finance Podcast by Pete Matthew

    The Meaningful Money Personal Finance Podcast

    92 Listeners

    Disruptors by Rob Moore

    Disruptors

    117 Listeners

    The Property Podcast by Rob Bence and Rob Dix from The Property Hub

    The Property Podcast

    56 Listeners

    The Money To The Masses Podcast by Damien Fahy

    The Money To The Masses Podcast

    17 Listeners

    The Progressive Property Podcast by Kevin McDonnell

    The Progressive Property Podcast

    6 Listeners

    AJ Bell Money & Markets by AJ Bell

    AJ Bell Money & Markets

    12 Listeners

    On The Money by interactive investor

    On The Money

    5 Listeners

    James Sinclair's Business Broadcast by James Sinclair

    James Sinclair's Business Broadcast

    5 Listeners

    The High Performance Podcast by High Performance

    The High Performance Podcast

    612 Listeners

    Switch Your Money On by Hargreaves Lansdown

    Switch Your Money On

    3 Listeners

    Making Money by Damien Jordan & Timeyin Akerele from Most

    Making Money

    10 Listeners

    Many Happy Returns by PensionCraft

    Many Happy Returns

    37 Listeners

    The Money Gains Podcast by The Money Gains Podcast

    The Money Gains Podcast

    3 Listeners