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

Here is 6 minutes video.

1:57/ 5:59
Become the insider...
Know the rules
9 Myths

1. So many damn fees nowadays!!!
2. Mutual fund beats the market
Mutual fund broker - Are you legally working in my best interest or just selling something???

Get yourself a FIDUCIARY

-Legally required to be in your best interest.
-Paid for the service of giving financial advice
(Does not get paid commission for financial products like mutual funds)

Big risk = big reward


3:29 /5:59
5 strategies ( to increase your value)
1. Earn more money & invest the difference.
2. Reduce fees & taxes. Invest the difference.
3. Save more money & invest the difference.
4. Maximize the return on your investments.
5. Alter your lifestyle for more money & invest the difference.


4:50/ 5:59

Invest like a billionaire
with these 4 principles

1. Do not lose money
2. Seek asymmetric risk/ reward (big gain, low risk.)
3. Anticipate Financial disasters
4. Never stop learning


Tony Robbins also does us a service in laying out his method, towards achieving financial freedom, into 7 simple steps. Step 1 – Commit to paying yourself a percentage of your income towards your freedom fund. Put the money aside for your investment and don’t touch it. Decide to become a investor not just a consumer. Step 2 – Become the Insider: Know the Rules before you get in the game. Tony reveals the 9 myths around money to become aware of. Step 3 – Make the Game winnable. The financial system we live in is rigged and if you do not know the rules of the game the odds are against you and the house will always win. However if you know the rules of the game and play accordingly then the game is winnable for you still. Step 4 - Make the most important financial decision of your life. Asset Allocation. Determine your risk tolerance and invest correctly and intelligently. Step 5 – Create a lifetime Income Plan. Imagine having a income for life that pays you every month! And the check for life can afford you the life of your dreams. Step 6 – Invest like a billionaire. Tony Robbins elaborates this step into 4 principles, which is explained in the video. A common trait amongst all the successful billionaires he interviews had a similar trait; a relentless hunger and pursuit of knowledge with a will to win. Step 7- Live the rich life. Enjoy your money and life. Be aware that the goal is not to be the richest person in the graveyard. Tony Robbins explains the secret to living, which is something that has been apart of his teaching for a long time. The secret to living is giving. This book has the power to change anyone’s perspective of money and actual financial state given they apply the principals in the book. Remember that knowledge is not power applied knowledge is power. It’s not what you know, but what you do with what you know that will determine your outcome.