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

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  In this lessons episode, explore why financial success begins with emotional discipline,
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  rather than income alone. Discover how viewing money as a neutral tool transforms decision-making,
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  understand why emotional spending keeps people stuck while strategic investing builds wealth,
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  and uncover how mastering internal triggers leads to smarter financial choices and lasting success.
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  I want to ask a couple of mindset questions because you have a couple points that you speak
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  about often, I thought are really interesting. So two, two takeaways from mindset,
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  and you can choose which one you want to go into first, but I want to cover both. So relationship
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  with money and then mindset of a broke person versus a successful or rich person. I think that both
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  of those are interesting and you have opinions on those. So I'd like to go into those and just
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  to talk about your experience with relationship with money as a mindset as an entrepreneur.
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  Wow, I could speak for a week on this straight. So money is simply a tool created by man
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  to create a universal fair exchange to increase the speed and reduce the friction of interpersonal
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  transactions. That's what money is. But the Bible says that the love of money is the root of all evil.
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  So many people who have religious beliefs are indoctrinated with a negative mindset around money.
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  And in some religions, lending money and charging interest is a sin if you like it's
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  it's even I think illegal is certainly immoral in some religions and cultures.
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  So the Bible, I can't say the Bible was wrong because I don't know the context in which it was written.
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  But what I can say is the love of money being the root of all evil that is wrong. That is wrong.
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  What is evil is humanity because money isn't conscious and money doesn't have emotion.
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  So money can't be evil. They imagine someone committed murder with a hammer.
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  You wouldn't try the hammer for murder and put the hammer on trial in front of a judge and jury.
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  Because the hammer is a tool and we all know that the hammer is a tool and none of us debate it.
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  We don't go that hammer is evil. And when we put a hammer get a hammer and it nails in a piece of
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  word we don't go this hammer is virtuous. It's a hammer. But money is no different to a hammer.
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  A hammer is a great tool of leverage that humanity created.
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  Money is a great tool of leverage that humanity created.
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  Money is one of the greatest inventions that humanity has created because it universalized value
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  and it removed friction for exchange. And it allowed us to trade from little villages to globally.
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  It's a brilliant invention. But money never murdered anyone. Money was never greedy.
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  Money was never powerful. Money was never evil. It was human beings.
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  Now some people will say, oh, but money made them that way. No, it didn't. Money can't.
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  Money doesn't change you. It makes you more of who you already are.
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  So all money can do is exaggerate your traits. If you took a billion and gave it to a
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  philanthropist, they're giving that money away. If you took a billion and gave it to a drug lord or
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  you gave it to find a war, a gambler, an addict, then that's where it's going.
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  So the love of money is not the root of all evil. Money is a tool that can be used for evil and good
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  based on the values of the individual. So if you want to get really good at making money,
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  you separate emotions and money. Just like you're not emotional about a hammer,
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  you just know what it does and you use it well for what it does. Because you can turn a hammer
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  around the other way and you can pull a nail out. So you can use a hammer in a few different ways
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  and money is the same. It's a brilliant tool. It's a brilliant tool. I can store value from something
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  I bought or sold. That energy can be stored in money and then I can buy or sell something to you
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  across the world and transfer that energy from me to you. So when you know that money is
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  amoral, a emotional and a conscious and it's a great tool for universal exchange and you learn
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  how to use the tool really well, just like nunchucks. You can use it to learn how to use nunchucks really
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  well or not. Then you transcend all emotional and moral and judgment around money and you just
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  use the tool well. And if you want to change the world, get really good at making money and then
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  do good things with that money. Is that the now, how does that dovetail? Maybe it doesn't.
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  Correct me if I'm wrong, but how does that relate to mindset? Is that the difference between
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  a poor person's mindset and a successful person's mindset? It's the relationship, the healthy
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  relationship with money as a tool versus something that is evil and people have too much of it and
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  you shouldn't base your whole life on pursuing it. Is that the difference?
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  Yeah, so a few definitions to clarify. So if you are developing world poor or you have never had
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  education because you have lack of resources, then you don't have the same equal opportunity as
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  someone who's just broke, whereby they're raised in America or England or Australia and they've
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  got access to the internet and libraries and podcasts, but they're still broke. So let's go on
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  broke rather than poor because poor isn't your fault because you could have been born into
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  no nothing, no, no different. But most people who we talk to are probably if they haven't got any
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  money, they're probably broke over poor. So the mindset of broke is quite complicated, but to
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  simplify it, it is allowing your emotions to control your spending and not having a knowledge
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  and wisdom of how you leverage money and value properly. So a broke person will always spend more
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  than they earn, but a fundamental law of money if you want to appreciate it is to never spend
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  more than you earn. A broke person will buy depreciating liabilities with money. A wealthy
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  person will invest in appreciating assets with money. A broke person will use money to alleviate
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  their volatile emotions. They feel really good, they celebrate. Oh, I've had a really good month,
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  we're going to go on holiday. They feel really bad, they spend emotionally, spend a load of
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  money to try and make themselves feel better. Whereas wealthy people can separate the emotions and
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  they can go right, this is the budget, this is the forecast, this is the investment, this is the
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  saving, these are the projections and they can remove emotions away from money. So in a way,
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  I would say a more profound conversation to have around money is not the mindset of money,
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  it's the emotions of money. And what emotions are, they're a level deeper than mindset because
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  mindset is what you think. Emotions is what you feel, but I think most people feel before they
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  think, ie, they're triggered. I think when you're triggered, you feel before you think.
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  And so I think impulsiveness is to be triggered, triggered by society, triggered by media,
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  triggered by how our parents raised us, triggered by how we perceive corporations and billionaires,
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  etc. We become triggered, we're hijacked with emotion and then we make a decision and we don't,
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  it's not mindset. Mindset is a thought process to understand why we're triggered. Why did I hate
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  rich people? Because I was broken, I hated myself. I wanted to be rich and I'd sold myself out.
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  And that was embarrassing to admit, but it was easier to hate the very person that I wanted to be
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  because it made me feel more comfortable in my own misery. But that's a very difficult thing to
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  be self aware about and to admit. The reason I'm triggered by this person is because it's a mirror
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  and picks a scab of all the disowned parts of myself. That's a fucking hard thing to admit.
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  But that is, that's not just mindset mastery, that's emotional mastery and that's mastery of
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  your upbringing and your background and not blaming your parents and all these things. So
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  you know, if you want to make it simple, the difference between the broken, the rich is
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  they're able to control their emotions around money and make more balanced financial decisions
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  in an untriggered, neutral emotional state. Whereas broke people are always spending emotionally.
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  That would be actually the binary thing. If you were to put a gun to my head, Rob, I need one
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  that transcends them all. The difference between the broken, the rich, that's it. And I don't
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  think anyone tells you that because everyone's using the word mindset. But if you upset me and trigger
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  me, I'm not thinking straight. I'm just riddled with anger and emotion and shame and vengeance
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  and all these other bubbly and that's when you're the least clear.
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  you