Money | Rob Moore

Summary of: Money: Know More, Make More, Give More
By: Rob Moore

Introduction

In the book ‘Money: Know More, Make More, Give More’ by Rob Moore, the author provides valuable insights on how to turn personal wealth into financial wealth and become a millionaire. The book debunks common myths about money, explains the importance of having a clear vision and values, and emphasizes the necessity of leveraging time, money, and resources for financial success. With practical advice on compounding, pricing strategies, and adopting a positive attitude towards money, readers will learn how to master their craft and achieve their financial goals.

Embracing an Abundant View of Money

The ability to turn personal wealth into financial wealth is what sets millionaires apart. Despite common myths that hold many people back from mastering money, anyone can become a millionaire. Money can buy happiness by providing the necessary time to enjoy life’s pleasures. The global economy is awash with money, making it possible for anyone to become a millionaire. To achieve financial success, embrace an abundant view of money and take your fair share.

Mastering Money with VVKIK

To achieve financial success, one needs both a grand vision and attention to detail. The VVKIK system- Vision, Values, Key Result Areas, Income-generating tasks, and Key Performance Indicators- helps achieve both. To begin, write down goals and values, shift to a financially focused vision. Determine key result areas, prioritize high-value areas that align with goals. Focus on income-generating tasks, as focusing on key tasks that bring in money has a disproportionate impact on wealth. Finally, develop key performance indicators- KPIs- to track progress and ensure outcomes align with goals. By implementing the VVKIK system, achieving financial stability becomes easier, making more money, while doing less.

Work Smart, Not Hard

The idea that success relies solely on hard work is a myth. Working smarter, not harder, is the key to sustainable wealth. To do this, you need to know your income-generating value (IGV) – how much an hour of your time is worth. Once you calculate your IGV, you can prioritize tasks that generate more than your IGV and outsource or ignore tasks that generate less. This allows you to increase your IGV over time and ultimately change your financial life for the better.

The Power of Leverage

Leveraging time, money, and resources is essential to financial success. Millionaires and billionaires know how to make the most of their time by outsourcing tasks. To leverage time, consider outsourcing admin tasks and investing in personal development during gym time. Leveraging money can be done through debt-funded property investment, which has the potential to double your investment in just ten years. To succeed, adopt an attitude shift that focuses on finding ways to make leverage work for you.

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