The Money Podcast
The Money Podcast
Jan 13, 2021
The 4 Levels of Your Earning Capacity (limited to limitless)
Play • 14 min

In today’s brief but impactful Money episode, Rob shares with you the four levels of wealth when it comes to the actions, implementations or strategies that you can leverage as an entrepreneur.  Learn more about each level and how to climb the ladder of wealth from labour to vision. Rob shares the strategies from his own successful organisations and the upsides and downsides of each level.

 

KEY TAKEAWAYS

 

  • The first level of wealth is labour - using your sweat, your brawn, grinding, hustling; basically being employed. Labour is the way the majority of the population earn their money. This has an effect on your earning capacity, it is unlikely you will earn more than £50,000 per year.

 

  • The next level is management. Managing people gives you leverage. Use the people you manage to earn revenue for yourself. Learn about the limitations of management and how it can become hard and overwhelming.

 

  • The third level is strategy. The more people you can earn from or that you directly impact and create jobs for, the more money you will earn than just using your own time.  You can create the plans and actions to change a company or brand that managers then pass down to the workers to implement.

 

  • The fourth and final level is Vision. Think Steve Jobs or Elon Musk! These people are visionaries; they create next-level ideas, taking us from local to national to global. Be prepared though, you can’t hide from anything.

 

BEST MOMENTS

 

“There are higher levels of wealth than you’re currently at”

 

“If the visionaries were the workers, they wouldn’t have time to create big ideas and solve the big problems and create the collaborations”

 

“Be prepared to take the downside to get the upside. If it means you get more critics along the way, be game for that.”

 

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter

 

ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”

 

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

 

CONTACT METHOD

Rob’s official website: https://robmoore.com/

Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs

LinkedIn: https://uk.linkedin.com/in/robmoore1979

See omnystudio.com/listener for privacy information.

Property Magic Podcast
Property Magic Podcast
Simon Zutshi
What Makes A Great Property Deal?
This week, Simon talks you through the six key signposts you need to watch for in order to recognise a good deal in property. KEY TAKEAWAYS Look for properties with instant equity. If you can find a motivated seller and gain yourself some instant equity, you're already in profit. Make sure you only buy properties in areas where there is strong rental demand. You want to be able to rent it our quickly in order to minimise void periods. Look for properties in which you can add value. If you can't add value yourself, then you're relying on the market to add value. Endeavour to make the best return upon your investment that you can. This is calculated by looking at the annual profit divided by the initial investment required. BEST MOMENTS 'A lot of people out there don't really know what makes a great deal' 'If you can buy at a discount, it means you have equity on day one!' 'It's not about getting a discount on the asking price - it's about getting a discount on the value of the property' 'There must be profit left over after the end of every month' VALUABLE RESOURCES If you would like to learn more about finding great deals in your area you can register for free online training here: www.dealfindertraining.co.uk Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone:  http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk  ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi  LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ See omnystudio.com/listener for privacy information.
12 min
The Disruptive Entrepreneur
The Disruptive Entrepreneur
Rob Moore
Joe Foster: Billionaire Co Founder of Reebok
Today Rob is joined by entrepreneur, author and co-founder of Reebok, Joe Foster. Joe tells his fascinating story of how he took Reebok to become a $4billion company, from creating the Reebok brand, breaking America and selling the company. This is a life story you don’t want to miss. Learn some valuable life and business lessons with the founder of one of the most successful businessmen in the world.   KEY TAKEAWAYS   People always advise not to go into business with friends, iIt doesn’t matter if you make friends with a business colleague, but don’t go into business with friends or family. However, if you understand each other's work style, it can work. Find out what each other is good at and utilise those skills. If you have an issue, speak about it openly to overcome it.   When you talk about business, you have to put luck into the equation. Whilst hard work and determination will eventually get you results, luck can come in all forms which can help you along the way. Perhaps your competitors will hit a wall or you will tap into a new market early on and it will boom.   The world has been very peaceful since the end of the War. Now during the aftermath of the pandemic, people are becoming disruptive. A lot of people want a lot because it is put out to society that it is desirable to have tonnes of money and travel the world. It takes a lot more now to make people happy, they are not as happy as others once were when they had far less.   Disruption means to change things without asking permission. When there is a change in the market go for it. Your competitors might think a new trend is just a phase in the industry, however this could catapult you into the lead of your niche industry. A phase can last 10-12 years, and can grow your company into the biggest in the industry.   BEST MOMENTS “Rebok is a shoe, it's no longer a bird.” “I was the boss, and I could make the decisions.” “If you start to starve a market, you fail.” “It was time for me to leave. The challenge was gone, but the ride had been excellent.”   ABOUT THE GUEST: Joseph William Foster is the co-founder (with his brother Jeff) of Reebok. He shares the same birthday 18 May, as his grandfather, also Joseph William Foster who had died 18 months earlier. Joe's grandfather was the founder of J.W. Foster and Sons and the pioneer of the spiked running shoe, and also developed the trainer (sneaker). The Reebok business developed with Jeff looking after production, Joe took charge of the sales and marketing side, as well as design which included the classic silhouette, outsole and the Starcrest. In the early years Joe travelled many miles introducing Reebok’s offering shoes to Sports Retailers up and down the country. By 1965, Joe was on his way to the NSGA (National Sporting Goods of America) Show in Chicago, which was the start of many Global adventures and experiences that after 15 years brought him together with Paul Fireman  and later many stars of film and television. As the surviving founder of Reebok, Joe still welcomes the opportunity to travel and recount those early stories from start-up to making Reebok the World No. 1 sports brand. Joe currently resides in Tenerife, where he is writing a book of his many experiences and adventures.   ABOUT THE HOST Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller "Life Leverage" Host of UK's No.1 business podcast "The Disruptive Entrepreneur." "If you don't risk anything, you risk everything." VALUABLE RESOURCES https://robmoore.com https://www.progressiveproperty.co.uk CONTACT METHOD Rob’s official website: https://robmoore.com/ Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs LinkedIn: https://uk.linkedin.com/in/robmoore1979 See omnystudio.com/listener for privacy information.
59 min
The Progressive Property Podcast
The Progressive Property Podcast
Kevin McDonnell
Ask Me Anything: How to Raise Money, LTD vs Personal & Clubhouse
In today’s episode, Kevin gives an update on what he’s been up to recently, current opportunities and hosts a question and answer session to help members of the community with any of their property challenges. He advises listeners on various ways of raising money for their property investing with in depth details of the different options, strategies to use during Covid-19 and tips on rent to own, rent to rent and how to start building a ‘power team’. KEY TAKEAWAYS A lot of people are saying that property in London could now be dropping in price, this hasn’t been the case for many years. Consider doing the opposite of what the masses are doing and perhaps think of investing in this location.   In terms of raising money for property investments, there are various ways of doing this and there’s never been a better time with interest rates being so low. Reach out to people, let them know you’re in the property business. Joint ventures, banks, private finance and bridging loans are all ways of raising money. Bridging is the most expensive way of raising funds, more suitable for commercial properties and HMO’s and private funding is probably the best way as there are no upfront costs.   There is a huge demand for rent to own currently and there are big benefits to this. As a landlord you have no maintenance, no management costs and you’re helping someone become a home owner. It can work in any part of the country and is the most hands free strategy, which can be done remotely.     Don’t state the rent and terms for a rent to own when advertising. Try and be deliberately vague. A lot of potential applicants will just read the ‘rent’ part of an advert or won’t be eligible, for example if they can’t afford it or are on universal credit, but this is still a great way of building up your tenant database.   Covid shouldn’t be a reason to alter your plans and strategies. The world and business is still moving forward. There is still a housing shortage and people still need homes. One thing you can alter slightly is changing from guaranteed rent to offering landlords profit share agreements. It’s risky offering guaranteed rent without knowing when the pandemic will end and when furlough will end. Remember to market in the right places and in multiple places.   Depending on your personal circumstances, you’re probably better putting everything into a limited company rather than paying personal tax. You’ll have limited liability and it’s a better strategy long term as you can pass shares on, sell shares etc.  However, the best advice is to get yourself a property tax accountant.   If you’re trying to build a ‘Power Team’ let people know where you’re based and what you’re looking for and start to build your team around that area. Remember to use your name, property is a people business.   If you’re a young person trying to get into property with no funds or income, try to get a job working for somebody who is already in the property business. Don’t do the obvious thing and get a job in a letting or estate agent, most don’t buy property and they won’t teach you how to become an investor.   BEST MOMENTS ‘If the taxi driver in New York says to you ‘which stocks to buy’ then you need to get out of that stock immediately because if the man on the street knows what stock to buy, you’re too late to the show’ ‘Observe the masses, do the opposite’ ‘Property is a people business’ ‘You’re not going to learn about property working in an Estate Agent’   SUBSCRIBE TO THE A NEW INVESTMENT SERIES Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars Watch Live On The Progressive Property YouTube Channel Every Monday At 7 PM Tiny.cc/PPTV Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes   ABOUT THE HOST Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   CONTACT METHOD https://www.facebook.com/kevinMcDonnellProperty/ https://kevinmcdonnell.co.uk/     See omnystudio.com/listener for privacy information.
31 min
Any Other Business
Any Other Business
Rob Bence and Rob Dix from Property Hub
The tech we use to run a multi-million pound business
Have you ever wondered what tech is behind a multi-million pound business? Getting the tech right can be a game-changer but there are SO many options out there, where do you even begin? Thankfully, Rob & Rob have tried almost every bit of tech out there and they’re sharing it all.  You’ll hear about the tech they used when it was just them in their bedrooms to today with a team of around 50, the mistakes they made and how they knew when it was time to make the important switches. If you’re a bit of a technophobe or are simply overwhelmed by the amount of choice out there, this episode was made for you. You’ll find out: What tech Rob & Rob used starting up versus now. The mistakes they made when implementing new tech. What tech is perfect for when you’re starting out. The different types of tech you might need. How to decide when it’s time to upgrade your tech. The importance of good tech in business. How and why tech is one of their biggest costs. Tune in now! And if you’re looking for the tech they mentioned throughout, you can find the full list below: Google Workspace Mailchimp SendFox Capsule Hubspot Salesforce Slack Microsoft Teams Trello Monday Helpscout Zendesk Sage Xero Make sure you’ve liked and subscribed to our YouTube channel - and don’t forget to hit the notification bell to be the first to find out when new episodes drop.  You can also find out more about us here and here. And if you’d like to follow the journey of our businesses, you can do that here: Instagram: http://instagram.com/propertyhubuk  Twitter: https://twitter.com/propertyhubuk  Facebook: https://www.facebook.com/propertyhubuk/  Linkedin: https://www.linkedin.com/company/propertyhubuk  See omnystudio.com/listener for privacy information.
35 min
The Property Podcast
The Property Podcast
Rob Bence and Rob Dix from The Property Hub
TPP415: Where are we in the 18 Year Property Cycle?
This week we’re taking a look at where we are in the 18 year property cycle Whether you’re a new or experienced investor, the 18 year property cycle is something that you should know like the back of your hand.  For years it’s helped investors determine when they’d be most likely to invest in property and when they’re going to wait it out.  We get asked all the time ‘where are we in the 18 year property cycle?’ and even more so at the minute, ‘is the cycle broken due to Covid-19?’ Well, we’re about to find out. Here’s what to expect on this week’s property podcast episode In 2020 we were hit with a global pandemic that completely brought the property market to a grinding halt.  So naturally people were questioning what this meant for the 18 year property cycle.  But once the property market was back up and running (and more buoyant than people expected), we were then getting asked ‘does this mean we’re at the peak of the cycle?’ If you’re new to the podcast and have no idea what the 18 year property cycle is then don’t worry because we’re going to give you a recap in this episode.  According to the average 18 year cycle, we should now be in the mid-cycle wobble phase.  But is that true or has Covid-19 changed the course? Tune in to find out.   In the news We’ve got two news stories for you this week.  The first one is a note on the evictions ban being extended again. It was due to end on the 22nd February and has been extended to the 31st March at the earliest.  Chances of it being extended again are pretty likely, even though we’re on the right path it’s still not 100% certain that we’ll be back to normal by then.  Another possible policy extension is on the stamp duty holiday. This could be extended by a further six weeks, which isn’t a huge timeframe. A lot of people will complete in time but there will also be many who slip through the net.    Hub extra This week’s Hub Extra resource is a book that Rob B has been reading.  The book was actually a recommendation from a YouTuber called Ali Abdaal and it’s a book called ‘A Million Miles in a Thousand Years’ by Donald Miller.  It’s the story of a writer who was approached by Hollywood screenwriters who wanted to tell his life story.  But when they started putting it together it turned out that it wasn’t very interesting or inspiring and that really made Donald reflect on his life and he decided to live a better story.  In a way it really resonates with the type of reflection that we’ve all gone through over the past year and how we can live a better life when we come out of the coronavirus pandemic on the other side.   Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.
23 min
The Inside Property Investing Podcast | Interviewing Inspiring & Successful Property and Real Estate Investors
The Inside Property Investing Podcast | Interviewing Inspiring & Successful Property and Real Estate Investors
Mike Stenhouse: Property Investor
337: Rosie and Allan Charles on breaking property rules, replacing income and the power of single-lets
Rosie and Allan Charles of Arch Investments – I'll be totally honest, I've spent the past two years thinking of them as Ark investments every time I see them on social media, thinking it was some abbreviation for architecture. But, of course, after asking the question I now know that it stands for Allan & Rosie Charles – but at least now you'll remember to look for them next time you're on Instagram. Anyway, getting back to what this phenomenal couple has achieved in a few short years… They started investing by breaking all the rules – sourcing deals hours away from home and focussing on the humble single let instead of being distracted by shiny objects and new-fangled strategies. It's clearly worked for them, replacing Rosie's income and allowing her to step into property full time whilst Allan focuses on the strategy for the business and making sure that all of his toys were constantly being tossed from his pram. You'll hear more in today's interview about how they've built a successful portfolio through consistent efforts and constantly putting themselves in challenging situations that they were forced to find solutions to, as well as the numbers behind their best and worst deals, how they split the responsibility of their business, and why investing in education gave them the accountability they needed to succeed. ********* Subscribe to our YouTube Channel - https://www.youtube.com/insidepropertyinvesting Follow us on Instagram - https://www.instagram.com/insidepropertyinvesting/ Access our free resources - https://www.insidepropertyinvesting.com/resources/
1 hr 5 min
Cash Chats Money & Personal Finance podcast
Cash Chats Money & Personal Finance podcast
Andy Webb
#172 Your Money, This Week: London's $$ millionaires, out of lockdown plans, Uber driver court win & more
Your weekly digest of the biggest money stories from the last seven days. My guest is money coach Eileen Adamson. This episode features: * Out of lockdown plans * Mastercard and Apple class action cases * London's dollar millionaires * The UK's best supermarket * & More Read more about all these stories at becleverwithyourcash.com/cashchats172 You can let Andy know what you think of the show at becleverwithyourcash.com/survey21 ABOUT CASH CHATS Cash Chats is presented by money blogger and broadcaster Andy Webb. In 2020 the podcast was featured as one of the top finance podcasts by publications including Apple, Good Housekeeping, The Sun and the Independent. In 2019 it was awarded Best Money Podcast at the SHOMOS - the UK Money Bloggers community annual awards. On each Cash Chats episode you can hear Andy share ways to get the most from your money. He's often joined for friendly and accessible conversations by a friend from the UK Money Blogger community to cover topics as diverse as freebies and investments. Andy also runs the award-winning website Be Clever With Your Cash, presented Channel 5’s Shop Smart Save Money and founded the community ukmoneybloggers.com. To contact Andy email Andy@Becleverwithyourcash.com ANDY ON SOCIAL Andy's handle is @AndyCleverCash and you can follow him over at: twitter.com/AndyCleverCash instagram.com/andyclevercash GET ANDY'S WEEKLY NEWSLETTER You'll also get a free Quidco bonus for signing up https://becleverwithyourcash.com/newsletter/ MUSIC The music is Easter Island by Lonely Punk and provided on a creative commons licence
36 min
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