Lessons - How He Went From £50K in Debt to Millionaire by 30 | Rob Moore - UK’s #1 Business Podcaste

➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory In this "Lessons" episode, Rob Moore, UK’s #1 Business Podcaster and bestselling author, reveals why building wealth has less to do with earning more and everything to do with mastering your emotions. Learn how viewing money as a neutral tool can transform your financial decisions, why emotionally driven spending keeps people trapped while disciplined investing creates long-term success, and how overcoming limiting beliefs about wealth leads to smarter choices. Rob also breaks down the key difference between a broke mindset and a wealthy one, explaining why emotional control—not income—is the foundation of lasting financial freedom.➡️ Show Linkshttps://successstorypodcast.com YouTube: https://youtu.be/EWQ3u-5FIKI Apple: https://podcasts.apple.com/us/podcast/rob-moore-entrepreneur-investor-mentor-best-selling/id1484783544 Spotify: https://open.spotify.com/episode/28IOHnwszSSaaA6wIqiXh2 ➡️ Watch the Podcast on YouTubehttps://www.youtube.com/c/scottdclary

• 0:00Speaker 00

  In this lessons episode, explore why financial success begins with emotional discipline rather than income alone. Discover how viewing money as a neutral tool transforms decision making. Understand why emotional spending keeps people stuck while strategic investing builds wealth and uncover how mastering internal triggers leads to smarter financial choices and lasting success.

• 0:26Speaker 00

  I want to ask a couple mindset questions because you have a couple of points that you speak about often that I thought are really interesting. So two, two takeaways from mindset. And you can choose which one you want to go into first, but I want to cover both. So relationship with money and then mindset of a broke person versus a successful or rich person. I think that both of those are interesting and you have opinions on those. So I'd like to go into those and just to talk about your experience with relationship with money as a mindset as an entrepreneur.

• 0:56Speaker 01

  Wow, you know, I could speak for a week on this straight. So

• 1:04Speaker 01

  money is simply

• 1:07Speaker 01

  a tool created by man

• 1:11Speaker 01

  to create a universal fair exchange to increase the speed and reduce the friction of interpersonal transactions. That's what money is.

• 1:25Speaker 01

  But the Bible says that the love of money is the root of all evil.

• 1:31Speaker 01

  So many people who have religious beliefs

• 1:37Speaker 01

  are indoctrinated with a negative mindset around money. And, you know, in some religions,

• 1:48Speaker 01

  lending money and charging interest is,

• 1:52Speaker 01

  you know, a sin, if you like. It's even, I think, illegal. It's certainly immoral in some religions and cultures.

• 2:02Speaker 01

  So.

• 2:05Speaker 01

  The Bible, I can't say the Bible was wrong because I don't know the context in which it was written. But what I can say is, the love of money being the root of all evil, that is wrong.

• 2:21Speaker 01

  That is wrong. What is evil is humanity. Because money isn't conscious and money doesn't have emotion.

• 2:35Speaker 01

  So money can't be evil.

• 2:39Speaker 01

  Like, imagine someone committed murder with a hammer. You wouldn't try the hammer for murder and put the hammer on trial in front of a judge and jury.

• 2:54Speaker 01

  Because the hammer is a tool and we all know that the hammer is a tool and none of us debate it. We don't go that hammer is evil. And when we put a hammer, get a hammer and it nails in a piece of wood, we don't go this hammer is virtuous.

• 3:10Speaker 01

  It's a hammer.

• 3:12Speaker 01

  But money is no different to a hammer. A hammer is a great tool of leverage that humanity created.

• 3:19Speaker 01

  Money is a great tool of leverage that humanity created. Money is one of the greatest inventions that humanity has created because it universalized value and it removed friction for exchange. And then it allowed it allowed us to trade from little villages to globally. It's a brilliant invention. But money never murdered anyone. Money was never greedy. Money was never powerful. Money was never evil. It was human beings. Now, some people will say, oh, but money made them that way. No, it didn't. Money can't.

• 4:00Speaker 01

  Money doesn't change you. It makes you more of who you already are. So all money can do is exaggerate your traits. If you took a billion and gave it to a philanthropist, they're giving that money away. If you took a billion and gave it to a drug lord or you gave it to, you know, a gambler, a gambler, an addict, then that's where it's going.

• 4:26Speaker 01

  So the love of money is not the root of all evil. Money is a tool that can be used for evil and good based on the values of the individual.

• 4:36Speaker 01

  So if you want to get really good at making money, you separate emotions and money. Just like you're not emotional about a hammer, you just know what it does. And you use it well for what it does. Because you can turn a hammer around the other way and you can pull a nail out.

• 4:56Speaker 01

  So you can use a hammer in a few different ways. And money is the same. It's a brilliant tool. It's a brilliant tool. I can store value from something I bought or sold. That energy can be stored in money. And then I can buy or sell something to you across the world and transfer that energy from me to you. So when you know that money is amoral, a emotional and a conscious, and it's a great tool for universal exchange. And you learn how to use the tool really well, just like nunchucks. You can use how to learn how to use nunchucks really well or not.

• 5:36Speaker 01

  Then you transcend all emotional and moral and judgment around money and you just use the tool well. And if you want to change the world, get really good at making money and then do good things with that money.

• 5:51Speaker 00

  Is that the now, how does that dovetail? Maybe it doesn't. So correct me if I'm wrong. But how does that relate to to mindset? Is that is that the difference between a poor person's mindset and a successful person's mindset? It's the relationship, the healthy relationship with money as a tool versus something that is something that is evil and people have too much of it and you can't, you shouldn't base your whole life on pursuing it. Is that the difference?

• 6:16Speaker 01

  Yeah, so. A few definitions to clarify. So if you are developing world poor, or you have never had your education because you have lack of resources, then you don't have the same equal opportunity as someone who's just broke, whereby they're raised in America, or England, or Australia, and they've got access to the internet and libraries and podcasts, but they're still broke. So let's go on broke rather than poor, because poor isn't your fault, because you could have been born into it, no, nothing, no, no different. But most people who we talk to are probably, if they haven't got any money, they're probably broke over poor. So the mindset of broke is

• 6:58Speaker 01

  quite complicated, but to simplify it, it is allowing your emotions to control your spending, and not having a knowledge and wisdom of how you leverage money and value properly. So a broke person will always spend more than they earn. But a fundamental law of money, if you want to appreciate it, is to never spend more than you earn. A broke person will buy depreciating liabilities with money. A wealthy person will invest in appreciating assets with money. A broke person will use money to alleviate their volatile emotions. They feel really good,

• 7:43Speaker 01

  they celebrate. Oh, I've had a really good month, we're going to go on holiday. They feel really bad, they spend emotionally, spend a load of money to try and make themselves feel better. Whereas wealthy people can separate the emotions and they can go, right, this is the budget, this is the forecast, this is the investment, this is the saving, these are the projections, and they can remove emotions away from money. So.

• 8:10Speaker 01

  In a way, I would say a more profound conversation to have around money is not the mindset of money, it's the emotions of money. And what emotions are, they're a level deeper than mindset, because mindset is what you think. Emotions is what you feel. But I think most people feel before they think. I.e. they're triggered. I think when you're triggered, you feel before you think. And so I think impulsiveness is to be triggered, triggered by society, triggered by media, triggered by how our parents raised us, triggered by how we perceive corporations and billionaires, etc.

• 8:53Speaker 01

  We become triggered, we're hijacked with emotion, and then we make a decision. And we don't, it's not mindset. Mindset is a thought process. Do I understand why we're triggered? Why did I hate rich people? Because I was broke and I hated myself. I wanted to be rich and I'd sold myself out. And that was embarrassing to admit. But it was easier to hate the very person that I wanted to be, because it made me feel more comfortable in my own misery. But that's a very difficult thing to be self-aware about and to admit. The reason I'm triggered by this person is because it's a mirror and picks a scab of all the disowned parts of myself. That's a fucking hard thing to admit.

• 9:37Speaker 01

  But that is, that's not just mindset mastery, that's emotional mastery. And that's mastery of your upbringing and your background and not blaming your parents and all these things. So, you know, if you want to make it simple, the difference between the broke and the rich is they're able to control their emotions around money and make more balanced financial decisions in an un-triggered, neutral emotional state. Whereas broke people are always spending emotionally. That would be actually the binary thing. If you were to put a gun to my head, Rob, I need one that transcends them all. The difference between the broke and the rich, that's it.

• 10:21Speaker 01

  And I don't think anyone tells you that, because everyone's using the word mindset. But if you upset me and trigger me, I'm not thinking straight. I'm just riddled with anger and emotion and shame and vengeance and all these other bubbly. And that's when you're the least clear.

• 10:41Speaker 02

  Thanks for tuning in. If you found this valuable, don't forget to hit that subscribe button so you never miss an episode. And if you want to dive deeper into this conversation, check out the links in the description to watch the full episode. See you in the next one.