The Disruptive Entrepreneur

The war, covid and lockdowns are all having huge impacts on our income and quality of life. Your spending power as a consumer is the lowest it has been in 40 years. In this episode, Rob talks about why this is and more importantly, the solution to not just survive in this crisis, but thrive. Tiny.cc/robsubs KEY TAKEAWAYS  Prices are increasing at a rate not seen for over 30 years across the board, from fuel to real estate and travel. Inflation in the UK is over 10%. Make sure you get out of debt, even if you have to significantly reduce your spending. Interest compounds and if the cost of living is increasing so will your interest rate so you will be hit twice. Make a budget, adjust your living costs and aim to save 5-10% of what you earn. Once you have a good amount of savings as an emergency fund, start to invest. Savings will not make you rich, you can’t save yourself to wealth but you can invest your way there. Where there is crisis and recession there is also opportunity. Look for the opportuniti