With his new book launching ‘Money: Master the Game, 7 simple steps
to financial freedom’ Tony Robbin’s sat down to be interviewed by successful
entrepreneur Frank Kern about his new book breaking down some of the key points
within towards money making and Tony’s own philosophy towards living a fulfilled
Life. Today I will be discussing this video that introduces his new book (which I will plan on getting).
If you want to skip this break down and go straight to the video here is the
link to Frank Kern’s official Youtube Channel (which I recommend subscribing
to).
Tony has taken the best minds and proven success strategists
in the world of finance, investing and wealth. He mentions the top financial
masters or ‘unicorns’ as Tony calls them, rare money juggernauts such as Ray
Dalio, Carl Icahn, Warren Buffett and what kind of investment the likes of
Benjamin Franklin and Ben Bernanke make. With his unique access he gathers the
complex jargon-full world of billionaires and breaks it down into simple advice
and seven steps to follow.
Acknowledging that the world is full of more
information that people know what to do with and what they know and don’t do, the discussion paints the book as an ‘Act and Grow Rich’ book, focusing on the
need for wisdom and what needs to be done.
They discuss matters of compounded
interest, how to stop losing all your money to the markets and tax and also strategies
to create an income to remain financially secure in the later years of life
without being left with nothing or being forced back into the workforce, now all too common problems.
A lot
this conversation was still advanced for me as a rookie and I aim to get up to speed with
that with the book’s help, what really interested me was things that I could see being
adopted right now, that is the optimal attitude and mindset that generates wealth in
your life. Here are some of my favourite of Tony Robbin’s points in the
interview (there all a lot) that cover what the best mindset for wealth accumulation might look/sound like.
- The Worst trade of your life: trading money for your time.
- Trade money for money, make it work for you.
- If you spend your money on things you limit your happiness.
- Spend your money on experiences that will have a generative
effect on you.
- Money just makes you more of what you already are be it
selfish/generous etc
- Get rid of a scarcity mindset and adopt one of abundance.
I got a lot out of this video and feel like there’s lots of
value in it for others which is why I am promoting it in this post, so powerful
was the conversation that I was compelled to write about it and share it. There are some
touching parts towards the end of the interview where Tony talks about how and when his
sense of scarcity died even when he was broke and didnt know how he would eat and how much joy he was rewarded
with when giving and investing in others not out of ego or for attention but out
of love and doing what’s right. At the end, also shares some fundamental advice
from his old mentor Jim Rohm,
“If you want life to change, you’ve got to
change. If you want life to be better, you’ve got to be better.”
He also
mention Jim's view on Economics, that if you find a way to add more value to
people’s lives than anybody else then you’ll never have to worry about this
area of your life.
So that’s my recap after watching this video which I hope
you’ll watch.
As for me, I am not in a great finacial position right now with student
debts, zero savings and no secure income but I do appreciate what I do have, a roof over my head, dinner on the table and a supportive family.
I am grateful for the internet access to even start learning and blogging about what/where to go next finacially and how to dramatically improve other areas of my life.
The Counter argument would say that someone like me looking at this kind of
information might seem like wishful thinking, dreaming outside of my quiet desperation or just another form of mental masterbation to convince myself for a while that I am progressing and growing by learning and watching videos all the while I remain broke and without much prospects.
I take both sides into self reflection but ultimately my learning of knowledge and strategies for self improvement are important yet equal if not more important is the execution itself, this is why I reccommend this video and why I will get this book because it is about high performers, their executuion and how you can do it too.
Looking forward to it as wake up call to crush my financial ignorance and money hang ups that thus far havn't served me. In the mean time I will aim to develop a mindset
for giving value without the money attached such as sharing information I value
like this blog and helping others in creative, practical and cost free ways, which I hope to
share with you soon and thus build up an attitude of abundance by working with what I do have right now.
I really see such information as a blessing and
wealth wise I’ve got nothing to lose but everything to gain and in future posts
I will delve into what action I actually take towards my goals and what progress I
make, so let me know what you think and of this video was of value to you in the
comments. Thank You.
