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July 29, 2018 - November 7, 2021
You have to make the shift from being a consumer in the economy to becoming an owner—and you do it by becoming an investor.
anticipation is the ultimate power. Losers react; leaders anticipate.
it’s not what you earn, it’s what you keep that matters.
complexity is the enemy of execution.
repetition is the mother of skill.
our earned income will never bridge the gap between where we are and where we really want to be. Because earned income can never compare to the power of compounding!
When things are going down, we think they’re going to go down forever—
You can start by downloading our free app from www.tonyrobbins.com/masterthegame.
below is a link to an online Save More Tomorrow calculator that will allow you to see the impact on your own financial future: www.nytimes.com/interactive/2010/03/24/your-money/one-pct-more-calculator.html.
The wealthiest person on earth is one who appreciates.
Risk comes from not knowing what you’re doing. —WARREN BUFFETT
own a cross section of businesses that in aggregate are bound to do well. A low-cost S&P 500 index fund
An index is simply a basket or list of stocks.
The S&P 500 is an index. It’s a list of the top companies (by market capitalization) in the United States, as selected by Standard & Poor’s.
you can diversify and own a piece of all 500 top stocks simply by investing in a low-cost index fund that tracks or mimics the index.
investing in the indexes is a great solution for a portion of your money, it shouldn’t be for all of your money.
recommend visiting the investment software website Personal Fund (www.PersonalFund.com) for its cost calculator,
you must lower your total annual fees and associated investment costs to 1.25% or less, on average. This means the cost of the advice (a registered investment advisor to help you allocate appropriately, rebalance your portfolio periodically, and so on) plus the cost of the investments should ideally be 1.25% or less.
you might be paying 1% or less to the registered investment advisor and 0.20% for low-cost index funds
a fiduciary; an independent registered investment advisor (RIA for short).
If you want to change your life you have to change your strategy, you have to change your story, and you have to change your state.
With a disempowering story, failure is nothing less than guaranteed.
“I will not be one of the many who can’t, I will be one of the few who do.”
You can use your story, or your story can use you. Everybody has got an empowering story if he or she wants to find it.
when you change your mind about stress, you can literally change your body’s physical reaction to it.
how you think about stress matters—the story you attach to stress. Telling yourself it’s good for you instead of harmful could mean the difference between a stress-induced heart attack at 50 or living well into your 90s.
the only way to become wealthy, and stay wealthy, is to find a way to do more for others than anyone else is doing in an area that people really value.
Money is nothing more than a reflection of your creativity, your capacity to focus, and your ability to add value and receive back.
Change your story, change your life. Divorce the story of limitation and marry the story of the truth, and everything changes.
when you get rid of the limiting stories, take massive action, and find the strategies that work, the results you can create are truly miraculous.
by changing your body first, you can change your mind.
Emotion is created by motion.
when you change your state and your story, you find or create the right strategy to get what you’re absolutely committed to.
how you create a real breakthrough—a new state with a new story and a proven strategy.
emotional and psychological fitness—the two forces that truly change how someone’s life turns out.
Remember: we all get what we tolerate. So stop tolerating excuses within yourself, limiting beliefs of the past, or half-assed or fearful states. Use your body as a tool to snap yourself into a place of sheer will, determination, and commitment. Face your challenges head on with the core belief that problems are just speed bumps on the road to your dreams. And from that place, when you take massive action—with an effective and proven strategy—you will rewrite your history.
Disappointment is inevitable when you are attempting to do anything of great scale.
Learn from every failure, act on those learnings, and success becomes inevitable.
6 Basic Human Needs: Certainty, Uncertainty/Variety, Significance, Connection/Love, Growth, and Contribution.
there’s nothing wrong with significance, if you make it your number one need, you’ll never be fulfilled.
If you’ve failed to act in your financial world, it’s partly because you’re uncertain, you’re unsure as to what is right or wrong and which approach will succeed or fail.
the ultimate truth: life is not about money, it’s about emotion. The real goal is to have the lifestyle you want, not the things.
You can’t reach your financial dreams unless you know precisely how much it will take to get there.
most of us want to do something meaningful. Without work, we’re a little crazy. We just don’t want to have to work!
wherever focus goes, energy flows.
invest in a way that allows you to defer your taxes
Asset allocation is the one thing that every investment professional I’ve talked to, the best in the world, has said is the key factor in where you end up financially.
it takes 72 years to double your money at a 1% compounded rate.
Asset allocation is the most important investment decision of your lifetime,
Anybody can become wealthy; asset allocation is how you stay wealthy.
