Money Master the Game by Tony Robbins Summary Easily Explained!!!

Money Master the Game by Tony Robbins Summary Easily Explained!!!

“Money Master the Game Seven Simple Steps to Financial Freedom” by Tony Robbins Step one: Make the decision to master this area in your life, commit to self-discipline and mastery over your financial state. Make the decision to become an investor not just a consumer and commit a percentage of your income towards your own freedom fund. Pay yourself and put the money aside and don’t touch it. Instead of just letting it sit there and go to waste let the power of compounding grow your money. Commit to becoming smart with money. Tony mentioned in the book that the financial state that we live in is a game and the game is rigged and if you don’t know the rules of the game the house will always win so commit to understanding the rules of the game and win. Step 2: Become the inside know the rules of the game before you actually get into the game. Tony reveals nine myths to become aware of when you’re in this process of financial freedom. One of the myths that Tony debunks is the myth that fees are not important to notice. The reality is the difference in a fee percentage could be the difference of millions of dollars compounded over time. Another myth to be aware of is the myth that mutual funds beat the market and that a broker is your friend. Now your broker might be a really nice guy but they are not legally bound to be in your best interest. So when you’re seeking financial advice Tony suggest to go with the fiduciary. A fiduciary is someone that is legally bound to be in your best interest. Another myth is the myth that you’ve got to take big risk for big reward. Instead imagine if you could take very little risk and have very big reward kind of like a have your cake and eat it too scenario. If it was possible would you learn it, would you pursue it, Those are just three of the nine myths to become aware of if you want to win at the game of money. Step 3: Define the price of your dreams, and be specific as to how much money you want, and what kind of do you income you want. Tony defines finances and two levels the first one is financial security which is just getting by. Then you have financial vitality, after that you have financial independence which is the level that you no longer have to work for another person, the fourth level is financial freedom which is basically accomplishing all your bucket list and living the life of your dreams. The one after that is absolute freedom, where you can do whatever you want whenever you want and contribute as much as you want. So how can one fund their dreams? How can one save up this kind of money and move up the financial levels? Tony explains that you have become more valuable as a person, the more valuable you become the more money you receive and there’s five different strategies that are talked about in the book that can accelerate your process of funding your dreams the first one is to earn more money and invest a difference. The second is to reduce the amount of fees and taxes that you have & invest difference the third it’s the save more money and invested difference. The fourth is to maximize the return on your investments and the fifth strategy is to alter your lifestyle and invest the difference. Step 4: Learn where to put your money. Asset allocation could be the key to your successful investing and asset allocation goes way beyond owning just a variety of stocks it’s actually more about owning a variety of unrelated asset classes domestic stocks, international stocks, real estate, annuities bonds, and so on and so forth. Step 5: Create a lifetime supply of income. Imagine what it would be like for you to receive a check for life and that check for life can afford you the life that you’ve always dreamed of It starts by accumulating a mass amount of wealth by investing in low-cost tax-advantaged well allocated investment vehicles followed by converting your wealth into an annuity that pays you a consistent income every single month for life. Step 6: Invest like a billionaire, to do this follow four principles. The first principle do not lose money. The second principle is to seek asymmetric risk/reward which is high reward low-risk. The third is to anticipate financial disasters so diversify your investments and the fourth is to never stop learning. Become hungry and motivated to consistently become better. Tony says that the most successful people that he’s ever met had a relentless pursuit for knowledge. Step 7 live the rich life enjoy the abundant life of your dreams. Tony suggest pursue satisfying the six basic human needs the need for certainty, the need for uncertainty, the need for love, and connection. The need for contribution, the need for significance, and the need for growth, and one of the most important in very fulfilling needs that you can satisfy is to be sure to contribute being the richest man in the graveyard is not the goal. This book truly has moved me, have the goal to live a life of meaning and remember the secret to living is giving. Thank you guys so much for checking out this video i recommend that you pick up a copy of this book yourself you can find a link for it in the description below. If you’re new to my channel hit the subscribe button and be sure to comment any videos you like to see in the future. Thanks!!!

67 thoughts on “Money Master the Game by Tony Robbins Summary Easily Explained!!!

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  2. "The secret to living is giving." -Tony Robbins
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  3. Commit to you and invest.
    Learn the rules. Get a fudiciary not a broker.
    Define your dreams, then fund it.
    Become more valuable, earn more and investment, reduce taxes,
    Asset allocation, diversity of assets. Get lifelong income.
    Always improve and continue learning
    6 needs, contribution

  4. Thank you so much for your videos . They're very inspiring. I'd like to ask you a question ? What app or software did you use to make those cool drawing in your videos while your speaking. Outstanding bro. Thanks again.

  5. Soundtrack is distracting. Trying to listen and focus but it's annoying. Please lower it down and upload again. I like the visual lessons!

  6. I'm a 19 year old and would like to start investing in Stock but I don't know where exactly to start. could anyone point me in a direction of which to look

  7. music in the background is very ugly. Are you afraid that if you put some nice string quartet you would have less wievers?

  8. Start investing with Acorns today! Get $10 when you use my invite code:
    Plan. Save up two extra house payments a yr. Pay off house early. All straight to the principal
    Word is when you pay one extra house payment a yr on a 30 yr mortgage you can pay off your house 7 yrs earlier.

  9. Is there anything new in this book? I didn’t read it yet — I am basing my comments on this video outline. Listen, I respect Tony Robbins a lot. I am just not sure if this content is new.

  10. Good video presentation TridentLion on the simple summary of this book. I've read it myself. It was one of the most interesting books I've ever read on finances from the one and only Tony Robbins.

    This asymmetric risk/reward rule as you easily explained it of getting a big gain at a low risk that comes from Tony's manuscript contradicts what he said about investing in his audio Get The Edge CD on financial freedom. Which is basically part of how investing is that "the more risky it is, the bigger the return, and more risky it is to lose money., and the less risky it is, the less returns it will be, because it is less risky."

  11. This was a helpful overview of the main points. I'm not great with finances and felt overwhelmed by the information in this book but your short video helps me wrap my brain around the basic concepts.

  12. All of this was said in 1949 by the father of value investing – Mr. Benjamin Graham, who btw was a teacher / mentor to Warrant Buffett.

  13. I have read the book I know that Tony kept saying that you can receive a check in the mail every month without doing anything. What specifically is he talking about? What chapter does he explain that in full detail? I missed that part.

  14. In Chapter 3 Tony mentions there is a Wealth Calculator APP to tell you how many years it takes to realize your goal via design ways(conservative/moderate/aggressive) . Anybody lucky enough to find out WHERE CAN WE FIND THIS APP? Thanks.

  15. I just read Tony Robbins other book 'Unshakeable' and it seems like the themes and points are very similar to this one? Is there much value in reading this book if I already read unshakeable, anyone read both?

  16. Great work. Your video is currently ranking #3 for the keyword: 'superpowers dont get to retire summary'. You are almost there.

  17. This summary sucks, or Tony Robbins sucks. WTF – anticipate disaster? Literally nobody can. Seek high reward low risk? Everyone is trying to do this, it's obvious. Rubbish

  18. In the book (in most self-help books actually), he says learn the rules. In this book, did he explain what the rules are?

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