AFTER racking up £50k of consumer debt, Rob Moore knew something had to change, otherwise it was only going to get worse. During his time in university Rob's spending habits spiralled out of control, so he took out loans and racked up credit card debt in a bit to keep afloat. "It crept up on me slowly going out in university, buying things on credit thinking I could pay it off and I couldn't, not quite earning as much as I was spending," he explained.
For the first few years, Rob didn't take much notice of his building debt, he said on The Money Podcast. It wasn't until he realised almost all of his money was going towards paying off the interest on his loans that he knew it had spun out of control. "It made me feel useless, worthless, and terrible at managing money," he said.
But the shame and embarrassment was the exact catalyst he needed to make a change. Rob then managed to pay off his debt in just one year, and even took it a step further and became a millionaire at 30. Despite not having any real knowledge, experience or money to start him off, Rob was urged to get into property.
Then at a property networking even he met his business partner and things began to take off. "In that year I got a job sourcing properties for a company, I earned minimum wage and I was paid commissions," he explained. Eventually, Rob and his business partner were able to start investing in their own property deals too, which is where the real money came from.
Alongside this, he was also selli.
