How to Get RICH | Unshakeable by Tony Robbins | 10 BEST Ideas | Book Summary

Here is the link.

Wealth tax - 20%

Compounding

10,000 year, put into 5% interest 30 years; if interest goes to investment continuously, then
it will be $33,219.
10,000 year, put into 5% interest 30 years; all interests are taken out, then the value will be $15,000.

Julia's worksheet:
(1 + 0.05)^30 = 4.32194
0.05 * 30 = 1.5


Fear and chicken little

6:22/ 15:56
Stay the course - that is mantra to manage other people's money.

7:00/ 15:56
You cannot time the market. Stay in the market.

Big idea six
"If you do not plan to own the stock over 10 years. Do not plan to own 10 minutes."


Diversify four times

1. Asset class
2. Within asset class
3. Country
4. Stage of life

12:00
Last idea
Resource and technology

Relate to my experience

2001 purchase $3,000 dollar fund VIGRX, sold in 2002 with value $1,900

It is buy low and sell high. I sold $1,900 dollars with over $1000 dollar loss. I purchased in 2001 $3000 US dollar VIGRX fund.

2008 worst stock market crash -

I lost over $5,000 dollars and then I pulled out everything.
I lost over $3000 dollars on Par Siva 401K, and then I chose to purchase money market fund instead.