money_management

When John D Rockefeller was asked how much money was enough, he famously replied, “Just a little bit more.” This quote is often used to illustrate our hard-to-shake view that money will solve all life’s problems. But as today’s guest is keen to point out, it probably won’t. Because life’s true riches don’t have a £-sign in front of them.

Today’s guest is the multi award-winning financial writer and bestselling author Morgan Housel. Morgan is a partner at The Collaborative Fund and a former columnist at The Wall Street Journal.

In his first book, The Psychology of Money, Morgan explains how doing well with finance is less about what you know and more about how you behave. This is an idea that I believe applies equally to health. That book became a global sensation and to date has sold over 4 million copies. And his second book, Same as Ever:Timeless Lessons on Risk, Opportunity and Living a Good Life has just come out.

Morgan explains that in finance, as in health, we generally don’t want to put in the hard work over the long term. We want shortcuts, secret hacks, silver bullets. Yet, he says, basic truths and principles remain the same as ever.

We also talk about the relationship between money and happiness, the relationship between our finances and our health, the real meaning of wealth and the importance of having a sense of control.

We discuss the problems with black and white thinking, the dangers of social comparison, the difference between success and happiness, and why we need to be careful about who we look up to.

At its core, this is a conversation about what it really means to live a happy and contented life.

There’s a quote from Lao Tzu, that I really like: “He who knows he has enough is rich.” It’s such simple yet profound advice. And it chimes with Morgan’s ultimate message, that whatever your current financial situation, what’s going to make you happy is probably not what you think.

This is a thought provoking conversation that I’m pretty sure will have you thinking deeply about your life.

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Making decisions about money is messy, confusing, and let’s be real… emotional! That’s why financial therapist Amanda Clayman is here to answer all your money questions. Therapy is rarely free, y’all, so let's take advantage! Amanda helps us understand the feelings that drive our money decisions, where they come from, and how we can use them to make better decisions moving forward.

Please note, The Dough contains mature themes and may not be appropriate for all listeners. 

You can learn more about Amanda’s work and book a session with her at amandaclayman.com/. You can find her on instagram at @amandaclayman.

This series was created in partnership with Flourish Ventures, an early-stage global investment firm backing mission-driven entrepreneurs and industry influencers working toward a fair finance system for all. Learn more at flourishventures.com.

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In this podcast, Rob shares the ten and a half essential skills you need that nobody taught you at school. He succinctly explains why each skill is necessary and the importance of them for everyone as they move through life. Listen in now to start learning.

KEY TAKEAWAYS

1. Learning to Manage and Master your Money

Whether or not you are money focused, understanding how to make, manage and budget with money is key for everyone in life.

1. Learning to Sell and Market Yourself, Your Product and Your Services

Selling and marketing are about creating value and caring about others giving them a service they desire, want or need. Brands are everything - the personal brand, the company brand, the product brand and you can leverage them all if you choose.

1. Learning to Manage and Master your Emotions

We all feel emotions such as jealousy, resentment, fear, greed and excitement. Within each of us is a huge range of emotions. If you can learn to master your emotions you can master life.

1. Learning to Communicate with, Get On With and Influence People

If you want to have a happy successful life, be successful in business or be a good employee being able to communicate and get on with others is vital.

1. Learning the Skills and Traits and Reverse Engineering of being Successful

We are taught about being successful in a particular subject, but we are not taught about the rules and laws of success. There is no learning about how to cope with rejection, staying enthusiastic or how to overcome challenges.

1. Learning how to Start and Scale a Business

Understanding that starting and scaling a business is within the reach of anyone who wants it enough is an important attribute of anyone who is successful.

1. Learning how to Deal with and Solve Real-World Problems

The world is full of problems and you need to have the skills to be able to deal with wide-ranging challenges as you move through life.

1. Learning how to Manage and Master your Time

Lots of people waste time throughout their lives, learning how to manage and master your time effectively is a characteristic of successful individuals.

1. Learning how to Deal with and Defeat Rejection and Failure

Failure and rejection are a part of the real world and having strategies to cope with and move forward from them is a vital part of life.

1. Learning how to be Happy

Most people view happiness as an outcome when actually it’s a strategy - you do happiness on purpose, you plan happiness.

THE HALF - Learning how to Invest in Yourself

If you are investing in yourself you will be using every opportunity to improve in the “TEN ESSENTIAL SKILLS’ In doing this you will be giving yourself the best opportunity for success across your life.

BEST MOMENTS

‘You are your best asset’

‘You pay yourself the best return’

‘You should invest in learning yourself to get the best return and best value for you ‘

‘Going from failure to failure, to failure with no loss of enthusiasm’ - Churchill

‘Why don’t they teach this at school?’

[Business, mindset, entrepreneur, disruptors]

VALUABLE RESOURCES

https://robmoore.com/

bit.ly/Robsupporter  

https://robmoore.com/podbooks

 rob.team

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 “Disruptors”

“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

disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

This keynote was super super cool and I think it's a great one to look back at, when Instagram and Snapchat were just starting to boom & social taking hold of our lives. I give some advice I think will help a lot of you - talking about how long you should be waiting until you see a return on your business or startup. Great stuff in this keynote, it'd mean the world to me if you listened <3