By Patrick Cahillane – Life, Executive and Business Coach
So I have recently completed reading Tony Robbin’s book, Money, Master the Game for the second time. Although it is a very, very long book I believe its a must-read for anyone who is serious about mastering their finances.
“Money: Master the Game” by Tony Robbins is a comprehensive guide to personal finance that covers a wide range of topics, including investing, retirement planning, and building wealth. The book is based on Tony Robbins’ extensive research and interviews with some of the world’s most successful investors and financial experts.
The following are the 7 simple steps to financial freedom that Tony outlines in the book:
1. Start Early: Robbins stresses the importance of starting to invest and save for retirement as early as possible so that the power of compounding can work to your advantage.
2. Pay Off Debt: Robbins encourages readers to prioritize paying off debt, especially high-interest debt such as credit card balances, as a first step in achieving financial freedom.
3. Save Regularly: Robbins advocates for saving regularly and consistently, regardless of how much you make or what your expenses are. He suggests setting aside a certain percentage of your income for savings and investing each month.
4. Diversify Your Investments: Robbins emphasizes the importance of diversifying your investments across different asset classes, including stocks, bonds, real estate, and commodities.
5. Know Your Risk Tolerance: Robbins explains the importance of understanding your personal risk tolerance, and investing in a way that aligns with your goals and risk tolerance.
6. Invest in Low-Cost Index Funds: Robbins suggests investing in low-cost index funds as a simple and effective way to diversify and manage risk, while also keeping investment fees low.
7. Invest in Yourself: Robbins also encourages readers to invest in their own education, skills, and personal development, as this can lead to greater opportunities and higher earnings over time.
Overall, “Money: Master the Game” provides a comprehensive and actionable guide to personal finance, and emphasizes the importance of taking control of your finances, planning for the future and making smart investment decisions.
If you would like to learn more about managing your finances, relationships, health or personal growth download our FREE 72-Page step-by-step guide – Personal Development – A Systematic Approach @ www.onesourcework.com or contact us to find out how we can help @ www.onesourceict.com