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October 27 - November 14, 2021
1. What do I really want? (Vision.) 2. What is important about it? (Values.) 3. How will I get it? (Methods.) 4. What is preventing me from having it? (Obstacles.) 5. How will I know I am successful? (Measurements.)
“Look for something you love to do and you do well. Go for it. It will give you satisfaction in life. It could mean money, but it may not. It could mean a lot of titles, but it may not. But it will give you satisfaction.”
The real joy in life comes from finding your true purpose and aligning it with what you do every single day.
Paul Tudor Jones, one of the top ten financial traders in history.
Robin Hood Foundation
Unlimited Power and Awaken the Giant Within
one TED Talk alone.
He taught me
that everything we create in our lives starts with thought.
the best ones have very little risk, or they have limited risk with what they call asymmetric risk/reward—which means the investors get a big upside potential for very little downside exposure.
You will learn how to access a complimentary online platform called Portfolio CheckUp (www.PortfolioCheckUp.com) that will allow you to test-drive your broker and see if you’re truly overpaying for underperformance.
Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love.
The reward is that if you give, even at the times when you think you have very little, you’ll teach your brain that there is more than enough.
Remember this: anticipation is the ultimate power. Losers react; leaders anticipate. And in the following
retirement is a relatively new concept. The idea has really served only a generation or two—for most of us, our parents and grandparents. Before their time, folks generally worked until they couldn’t.
Social Security Act eased the suffering of millions of Americans during a time of crisis, but it was
never intended to become a replacement for retirement savings—just a supplement to cover the most basic needs.
There’s a 50% chance that, among married couples, at least one spouse will live to the age of 92 and a 25% chance that one will live to 97.
Fifty years ago, the average retirement was 12 years. Someone retiring today at age 65 is expected to live to 85 or longer. That’s 20-plus years of retirement. And that’s the average. Many will live longer and have 30 years of retirement!
have an automated plan for saving and investing, but also you’ll know how to create income
100% principal protection, meaning that you can’t lose your investment.
The returns in your account are directly linked to the upside of the stock market (for example, the S&P 500). So if the stock market goes up, you get to participate in the gains. But if the market goes down, you don’t lose! • You also have the ability to convert your account balance to a guaranteed income that you’ll never outlive.
www.tonyrobbins.com/masterthegame. You can check off
Information without execution is poverty. Remember: we’re drowning in information, but we’re starving for wisdom.
true mastery requires three levels. The first is cognitive understanding.
the second step: emotional mastery.
ultimate mastery is physical mastery. That means you
the only way to get it is through consistent repetition.
repetition is the mother...
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the secret to living is giving:
sharing with others not only gives you a greater quality of life but also brings you a greater experience of joy.
technologies that make giving pain...
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you write,
But here’s the key to success: you have to make your savings automatic. As
That’s the power of learning to invest when everyone else is afraid.
It’s amazing what research, faith, and action can do if you don’t let everybody else’s fears paralyze you.
History proves that those “down and scary times” are the times of greatest opportunities to invest and win.
How do you automate it? You can start by downloading our free app from www.tonyrobbins.com/masterthegame. It’s a great way to
That’s the whole secret: earn more, spend less, and automate it.
The fastest way to feel connection, a sense of how significant your life is, a deep sense of certainty and variety, and put yourself in a state where you can give to others, is to find a way each day to appreciate more and expect less.
“What’s the secret to wealth?” And he said, “Tony, you know it, and you know it well. You teach it to everyone. It’s gratitude.” When
So while investing in the indexes is a great solution for a portion of your money, it shouldn’t be for all of your money. Markets are volatile at times so it only makes sense that you will want to protect a portion of your portfolio if or when the markets take another big dive.
The catch? You don’t get to capture or participate in all of the gains.
Stocks have by far been the best place to be for long-term growth over time. • Stocks are volatile. In the pages ahead, you will learn from the “market masters” how to “smooth out the ride” by investing in and diversifying across multiple different indexes.
put your indexing plan in place (which we will do step by step), you won’t have to spend your time trying to pick which stock to buy because the index will have done it for you.
The average cost of owning a mutual fund is 3.17% per year!
recommend visiting the investment software website Personal Fund (www.PersonalFund.com) for its cost calculator, which analyzes each of your funds and looks beyond just the expense ratio to the additional costs as well.
You may also own the mutual fund inside your 401(k), in which you won’t be paying taxes on the growth but instead will be paying a “plan administrator.” Some 401(k) plans are low-cost, while others are hefty with expenses. The average plan administrator charges 1.3% to 1.5% annually (according to the nonpartisan Government Accountability Office). That’s $1,300 for every
Vanguard has an entire suite of low-cost index funds (across multiple different types of asset classes) that range between 0.05% and 0.25% per year in total “all-in” costs.
stock mutual funds average 1.44% in transaction costs per year. This means that
