I created a wish list of 5 people that I hoped to interview one day. On that list was Tony Robbins, the #1 New York Times Bestselling author, entrepreneur, and philanthropist whose book Awaken the Giant Within inspired me deeply at age 21.
So it was an honor when Tony Robbins agreed to chat about money, meaning, life, and the release of the paperback of his book Unshakeable, of which, 100% of his profits go to Feeding America. Tony wants to donate 1 billion meals. He is working with food banks and other organizations.
50 of the top global experts on money were interviewed by Tony to get their thoughts on how we should save and invest our money. The most successful investors have a few key habits in common, such as having specific long-term goals and staying disciplined when it comes to investing. The result of those interviews are two great books: MONEY Master the Game, which at 670 pages is one, if not, the most comprehensive and one of the best money books I’ve ever read.
Since everyone doesn’t want to read a 670 page book, Tony wrote a much shorter and more accessible book on money and investing titled Unshakeable.
Tony pulls back the veil on Wall Street and the high fees and complexity they sell to scare investors into expensive, and often poor, investments in both books. Tony’s books give 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 He teaches readers how to make, save, and invest money in a way that is practical, actionable, and always backed up with data. He provides 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299 888-353-1299
I was very excited to do this interview. We spent a lot of time in this conversation. It was the most meaningful conversation we’ve ever had. There is a lot of wisdom in this conversation. I had the chance to learn from him. He speaks from both his experience and his heart. His words are comforting for many. It has been one of the highlights of the year. I’m happy I was able to experience it. It was humbling when he told me that he’s been watching what I’ve been doing and shared:
We are both trying to contribute as much as we can. We can make a bigger impact if we work together. I can see by your path you are very clearly driven to contribute in a meaningful way.” – Tony Robbins
After the interview Tony invited me to hang with him backstage in November at his upcoming Unleash The Power Within event in New York City! I am excited to talk about changing lives in these challenging times. Let’s help each other out and create a better future.
Check out Tony Robbins on the Financial Freedom podcast below and also go pick up a copy of Unshakeable to feed those who are in need through Feeding America. Enjoy the episode.
FINANCIAL FREEDOM PODCAST EPISODE 5: MONEY & HAPPINESS W/ TONY ROBBINS
You have an advantage over everyone because you have the greatest gift, which is time. You can use that time to make a better life for yourself and those around you. – Tony Robbins
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Tony Robbins Interview (full transcript)
Grant said hello to everyone. It’s great to see you all here. I am very excited to have Tony Robbins on the Financial Freedom show. Tony Robbins is a speaker, coach, and best-selling author who has helped millions of people achieve success. Tony is a New York Times best selling author. He has used his success to help others, both through his philanthropic initiatives and by mentoring aspiring authors. I am excited to have you on the show, I am a big fan of his work. I can’t wait to hear what he has to say in the interview. Tony,
Tony: Thanks Grant, it is great to be with you.
Grant asked, “What inspired you to write Money and then Unshakable?” Money was written while I was in college, and I wanted to explore the idea of how money can shape our lives and relationships. They are well written money books. It’s easy to understand and make financial literacy accessible to everyone. What made you write a book about money? I want readers to understand how to make the most of their money so they can live the life they want.
Tony is angry because he doesn’t like writing. I feel like I’m not very good at it. When you are in an audience, you never know what will happen. Speaking has allowed me to make a positive impact on people’s lives and I’m grateful for that. It is always changing and writing. The beauty of language is that it can change over time to fit the needs of the people who use it. It was all by yourself sitting still. It is possible to take some time out of your day to sit still in nature, as a solitary experience all by yourself, allowing you to observe the world around you. There is no feedback while you are doing it. It is difficult to gauge your progress as you work. So it’s. I haven’t written a book in 20 years. Even though I have a large contract, it was 2008 that pushed me over the edge. The success of my first novel and the subsequent awards I received solidified my standing as a successful author, and helped me to secure a large contract with Simon and Schuster. I grew up with economic suffering because I saw so many people suffer. I don’t have money for food. I don’t know what I’m going to do. I donated 100 percent of the profits of both books to feeding America. I’m proud to be able to help fight food insecurity in America. We fed 400 million people the last four years alone and we are going to feed a billion people over the next six years, but a huge part of that is because of the pain I went through and so there are only a few subjects that really affect the quality of your life. The driving force for me to ensure that we continue to strive towards making a real difference in people’s lives all across the world has been this mission.
It is your emotions and your relationships. They will take care of you if you take care of them. It is your career. I worked with Paul Tudor Jones, one of the top 10 financial traders in the history of the world, when I saw the suffering of these people in 2008. I decided to get into financial education because I wanted to help people. This is ridiculous. The situation was ridiculous. I knew it was happening. There was nothing I could do to stop it. I was able to take advantage of this, you know, in the market, and I really want to make sure that other people can find these answers, and then in 2010 when I saw nothing, I thought someone else was going to do something. I decided to create a platform that would help people make more informed decisions. I don’t know if you’ve seen it. I think it’s worth checking it out.
Grant said it was a great documentary. I’m glad I watched it.
It was nominated for an Academy Award, but it shows how a small group of people almost destroyed the entire world economy. It will leave viewers with a better understanding of the global financial crisis. We gave them more of our money. They accepted the money as compensation for their wrongdoings. I thought I was just one guy, but I was the angry type because depressed doesn’t change anything and I thought I was just one guy. I knew I had to use the gift to make a difference. I have access to some of the smartest people in the world. I am confident that I will be able to make smart decisions with their help. What if I interviewed 50 of the smartest? The results were both fascinating and inspiring. Carl Icahn, Warren Buffet, Ray Dalio, Paul Tudor Jones, and I found out what was true and market. I learned from these brilliant minds what it takes to be successful in the stock market. How can the average person succeed? I wanted to write a book that a young person could read and say that they have a lot of college debt. I wanted to tell a story about the struggles many people face, like rising tuition costs and student loan debt.
Looks like I will never be out of it and be done in a weekend with the book. I can’t believe how much work I have to do. There is a new life for me. I’m ready to take on the world. I know how to get to where I want to be. I will take the necessary steps to ensure my financial success. A baby boomer thinks that someone older is the parent of a young person. Someone from Gen X has experienced different eras of technology. I started too late. I don’t know if I’ll be able to finish on time. It’s too late. Showing them how they can win. Helping them to understand the game, developing their skills, and encouraging them to take risks are all part of this. To guide them from where they are to where they want to be in the shortest period of time with the least amount of stress. It can be tailored to fit the individual needs and goals of each person, allowing them to achieve success at their own pace. It is possible to understand what really is true in the marketplaces. It is possible for investors to make informed decisions that will help them succeed in the long run. The answers were given from the greatest traders in the history of the world. These traders have been through the peaks and troughs of the market and have been successful on the other side.
Grant: Yeah, I love that. That sounds great! The book is easy to read. It’s one of those books that you can pick up and read at any time. I recommend it to a number of my friends as the first money book they read. It’s a great way to start on the path to financial freedom. There is a lot of information on how to get your financial life together books. Creating a personalized plan that fits your individual needs is the best way to get your financial life together. Unshakable is a comprehensive, really accessible book on investing how the markets work, how Wall Street works and not just one of these kind of fluffy traditional money books. I feel like I have the skills to make wise decisions and take control of my finances. I recommend it to a number of people as the first money book they should read. It’s an essential read for anyone who wants to understand how money works in our lives. Why do you think Wall Street is so complicated? Wall Street has created a level of complexity that makes it difficult for the average investor to understand. Why do you think that people think that money is complicated when you have presented an end to end strategy that anyone can follow even if they are just starting to get their financial house in order? When you break it down, managing your money doesn’t have to be complicated, and Unshakable provides a road map for anyone looking to take control of their financial future.
I think there are two reasons. Digital media can be easily distributed and accessed by a large audience, as well as being updated and changed more quickly than traditional media. The industry wants to make it more complicated in order to get more fees out of you. This can result in a situation where consumers don’t get the best outcome from their financial decisions. Right? I will give an example. This example will show the point I’m trying to make. The majority of people’s retirement is in two places in their home, in their 401(k) and maybe out of their first home. Until they are able to purchase a home of their own, they may have to rely more heavily on their 401k investments. There isn’t a lot of equity. The lack of equity is bad for both individuals and society as a whole. There is a place that they can build it. It’s a great way to save money for retirement. Four years ago, this $6,000,000,000,000 industry was not required to tell you what they charge you, what industry on the face of the earth can get by with that? Consumers around the world have been confused, frustrated and angry by the lack of transparency. 71 percent of people with a 401k think there are no fees, and that is the biggest lie on the planet, because they make it so complex. They don’t know they are paying fees.
You hear all the new pieces where they say we have no fees. It’s great news for consumers who want to save money on everyday purchases. They don’t have upfront fees. They have competitive rates with no hidden charges. There are a dozen other fees. Jack told Tony that he was sincere in wanting to help people when he started working with him. He said, “You have the heart of a teacher and that’s what this industry needs more of.” If you are going to help the average American, you need to help them with their 401(k) because they are getting screwed there. It’s important to be aware of what you’re investing in because they’re often mismanaged. Forbes thinks they are being charged nothing. They may not be aware of the hidden costs associated with these services. According to an evaluation by Forbes, the average person is paying three point two, four percent, but every one percent more that you are paying than you need to cost you 10 years of retirement income. If you are paying more than the average person, your retirement savings could be impacted over time. If you pay two percent more than you need, it is reasonable to pay three and a quarter and give up two and a half decades worth of income for nothing. It’s important to be aware of the rates you agree to when taking out a loan.
You are not getting anything. I’m sorry, but that’s how it is. I am associated with the company that I brought in. I am proud to be a part of an organization that is growing. I joined this company as a partner. I’m happy to be a part of the team and contribute to the company’s success. When I started doing the research, I asked the company if they could analyze the 401(k)’s at my companies or my employees. The company that met my needs was the one that I chose. I called the owner of America’s 401(k) and said, “great name, prove it.” The owner gave us the evidence we needed to prove that America’s 401(k) was the best retirement savings solution for our company. I 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932s, I 888-276-5932s, 888-276-5932s, 888-276-5932s, 888-276-5932s, 888-276-5932s, 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932 888-276-5932s, 888-276-5932 888-276-5932 Let’s do it together. He came to my business and showed us how to use the same stocks and bonds, but without the additional fees, we were able to put $5,000,000 in my staff’s pockets. He made it clear that there were other options out there that could save us money, and I’m so glad we decided to listen to his advice. And we have the same stuff like we’re on earth can you go into an industry and one person is paying $30,000 for a The Honda accord is being paid by the other person. Considering the condition of the Honda Accord, this is an incredibly generous offer. That is the same difference. If you pay two percent on your savings, you might be able to get within your 401k. This could be a great way to save money. Under weird names, they will charge you ridiculous fees. I can give it to you for zero five percent. No five basis points. The rate is not 5 basis points. The difference is thousands of percent. This disparity cannot be ignored. And the multiplication. We all know the way you get wealthy is going punk compounded interest, but when people don’t realize is fees and taxes compound as well and so I tried to do in this book is just show you the scam to show you what’s being done and show you the simple solution like Making small smart decisions with your money can have a big impact on your wealth in the long run, so it’s important to be informed.
Tony wants to do two things in the book. Tony wants to explore some new ideas and do two things in the book. One of the biggest challenges is that the market has been up for so long, so I want it to be able to protect people but also show them how to take advantage and eliminate the fear. It is possible to educate people about the risks associated with investing and help them make informed decisions that will benefit them in the long run. There are people. There are places that make up the experience. Twenty five percent of investors stopped adding to their 401(k) in 2009. Many people who kept contributing to their 401(k)s were able to take advantage of the market recovery to build a more secure retirement. That was the dumbest thing in the world. I can’t believe I let myself do that. Since then, we are up 300 percent. The journey has led us to where we are today. Everybody is still saying, oh my God, oh my God, it is high, because they missed one of the greatest economic times in history. Many have been able to achieve financial success that they may not have been able to otherwise. We are going to get a correction. Before we move on, let’s make sure we understand the material. This is what you need to know about the longest bull we have ever had. We have a correction every year. A drop of at least 10 percent from the top is a correction. The employee’s base salary must be applied to the correction. A bear market is when you hit 20 percent. When stock prices fall by 20 percent or more from recent highs, it is considered a bear market.
We have corrections on average, not every year, but on average every year since 1900, and people freaked out in January 2016 because of the worst January in the history of the stock market. The markets are at their highest levels ever since then. We lost $2,000,000,000,000. The market was down. Everybody’s freaking out. One of the greatest financial investors of all time was asked by CNBC if he was the greatest investor ever. At the World Economic Forum, Ray Dalio gave an insight into the world of finance and investing. Ray, what do we do? He said that the average number of corrections is 14 percent. I think the correction will be larger this year. 80% of the corrections never become a bear market. Eighty percent. Think about it. It’s worth looking at the benefits of this decision. Every four years you have three good years and one bad year, because the market is up 77 percent over the last century. This trend is likely to continue and investors can expect continued growth over the long-term.
Tony: That is the average. We have gone a long time with no down years. We are going to have them. We can’t wait to see them. If you don’t get in the game, you’re going to lose. If you want to succeed, you need to take a risk. You attempt to time it. You try to time it so that you can take advantage of the best deal. According to Warren Buffet, the only reason they have market forecasters on CNBC is to make fortune tellers look good. He can’t figure it out. He doesn’t know what to do with the situation. They don’t know. They have a different approach. They take preventative measures to ensure the success of their goals. It is in the game. Being a part of the journey is something you will never forget. I will give you a number as well. The average person only uses 10% of their brain capacity. The bear markets last on average a year. The duration of bear markets can vary greatly. A 33 percent drawdown is what they usually have. This is the amount of capital that can be lost in a single trade. If all your money is in the stock market, that is only 33 percent. It is possible to reduce risk by investing in multiple asset classes. If you have a diversified portfolio like we teach in the book, you won’t have a 33 percent draw down. By following the strategies outlined in the book, you can expect to limit your losses and increase your chances of long term success.
Every single bear market, every single crash in the history of American business has turned into a bull. The first year is usually a big jump. The market dropped 50 percent in 2009. It was difficult for investors and traders to adjust to the new market environment. Well guess what? In the next year, we were up 69 percent. Our expectations were exceeded by this growth. We are up 300 percent since that time, but people are trying to time the market because you have to get in the game. If you want to maximize your gains, you need to stay up-to-date with the latest trends in the market. They don’t understand. Let’s say you’re a 30-year-old with a lifespan that’s going to be at least 85, then you should really listen up for this. If you don’t learn to ride these corrections, you’re going to have 55 more in your lifetime if you live to be 85. You could be facing a lot of financial instability in the future if you don’t prepare for these corrections.
You are going to have more bear markets in your life. It’s best to stay invested because bear markets come and go. If you want to not have fear, you have to see every single one that we have bounced back from. If you ask Warren, he said we have a population that is always growing. He believes that investing in the stock market can be a great way to build long-term wealth, because it provides a wide array of opportunities to benefit from the growth of companies and economies. We have an open system and we have the most efficient economy in the world. We are a leader in innovation and development because our economy is constantly evolving. He says that he is wealthy because he lived in America for a long time and he got compounded interest. That is why I am a multi-billionaire. His success is due to his hard work and willingness to take risks. That is all it really takes. It is possible to make a difference with a little effort and dedication. People don’t realize that bad times aren’t permanent. Winter isn’t forever. You don’t freak out about winter when it’s cold and some winters are longer and some shorter, but winter always comes and prices go on sale.
They freak out if someone takes a $400 stock and the price goes down to $75. One more stat, you know you have to see what the longterm is. You need to consider the long-term effects of your decisions, not just the immediate results. No one does time the market well. HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax HairMax You need to understand how the market works. The best way to understand the market is to start trading. It compounded at eight point two percent if you were in the stock market in the last 20 years and you left your money in the S&P 500 index. You would have seen a huge return onyour investment. If you tried to time the market, it would get high and you would be out of the market. The unpredictable nature of the market makes it difficult to get the timing just right. Guess what? If you were out of the market for 20 years, 10 of the best trading days, and no one knows when you are, your eight point two percent is down to four point one. It’s important to stay invested in the market for the long term and not try to time it.
If you are out 20 days in 20 years, just 20 days one day out of the year and it is one of the top trading days, then your return goes to two point one percent. Timing the market can have a huge impact on your investment returns. If a person puts their money in and it’s the worst day of the year and the stock market crashes, what if I put it in an hour later? Well, a According to a study done by JP Morgan, if you get in the market at the end of the crash, you can make 2000 bucks a year for 20 years. Even if your timing was not perfect, you could still achieve impressive returns. If you were, and the worst day of the market you got in an hour before the crash, you paid the highest prices for everything, and only put two grand in a year from then, you would have kept investing. You would have seen your investment grow as you made better decisions.
Tony: Where were you? Sally was studying for her exam in the library. Over 20 years, the difference was $10,000. The total amount saved over the 20 year period was $200,000. It is not noticeable. It’s almost invisible because I can barely see it. If you had cash, it was worthless. Many people are in a difficult financial situation because of the decrease in the value of cash. It was over $40,000. That amount made a huge difference in their lives. I have to get in the game. You don’t have to pick the timing. The stakes are too high to take any risks, so it’s important to make a well-informed decision. You will never pick it right. The 10 best trading days in the last 20 years were within 10 days of six of the 10 biggest drops, which is when most people don’t want to get in the market because they’re fearful when things drop. It’s important to have a long-term outlook on trading and not to be swayed by short-term market fluctuations. When you read Unshakeable and all those listening, I hope they will pick it up for themselves and also feed 50 people because I am donating a hundred percent of the profits. You will know what to do when you read this book. It’s a great place to start if you want to make positive changes in your life. You will know how to build it. It is possible to build a successful career as a young person with hard work and dedication. You have an advantage because you have time. Use your time wisely and invest in yourself to make the most of it.
Grant: Absolutely. I’m looking forward to seeing the results. I agree with you more. It’s how I feel. I started investing in 2010 and have been fortunate to share the same strategy with my readers. My readers have also seen great success with this investing strategy. A lot of people think that if the stock market goes down, they’ll lose 30 percent of their money, but that’s not true. The stock market drop doesn’t affect your money if you don’t sell. I repeat it to people. It has been a guiding principle in my life, and it is something that I truly believe in. Um, and like a lot of things in life, the more experience you have and you know, it can be uncomfortable for a little while, but the more experience you have, the easier it is to, you know, weather you know the noise and the downturns and you’re absolutely right a lot of people just stay on the sidelines and especially right now in and a lot of cases, a correction would be the best thing ever for investors because we can get, get some values again,
You are absolutely correct. We need to make sure we’re on the same page. I am dying for a correction, but I am not going to assume that it will happen tomorrow or the next day. I will focus on the things that I can control and not worry about when or if a correction will come. It cannot happen. I am sure we will have some correction, but not a significant one for 24 months, 36 months. We will keep a close eye on the results in the coming months to make sure they are accurate. No one knows there could be an event internationally if you listen to the people of that nature. This could result in a major shift in the global economy. This could be started by them. They could create something remarkable with this newfound inspiration. There are a lot of things that could cause a correction or bear, but right now our fundamentals look very strong. I’m confident that the market will continue to move in the right direction. They call him the Steve Jobs of investing because he is arguably one of the greatest investors in history. He was able to hear his views on the markets and learn how he has achieved success in his career. He made a lot of money in 2008 because he put out a study of cycles and all the debt cycles, and he made a lot of money when everyone else was getting their lunch. He has a knack for understanding the markets and taking advantage of opportunities when they arise. He has done that many times. He has always been willing to take risks and challenge himself. He is known as who he is, but he believes that we have about 24 to 36 months before we have a significant correction. He keeps an eye on the market and is prepared for any changes that may come. When it happens, I want your leaders to be able to take advantage of it. It’s important for your leaders to stay informed and prepared for the next opportunity. This book is about that. It will give a glimpse into the world of fantasy fiction.
Grant: 15:46 Yeah. There are better things to do with your time than to watch the stock market on your phone. You can make the most of your time if you invest it in something more meaningful. Money is embedded with so many emotions and fears, how can people get past that fear of investing, and really start to control money, instead of letting it control them?
Tony thought that fear was usually based on a lack of knowledge. Fear is based on too many unknowns. It can be hard to deal with fear if the source is not known. We all hate uncertainty where we don’t know what it will be. It’s best to take small steps in order to gain control over the situation. Most people don’t have control over the stock market. Before making any decisions, it is important to understand the risks associated with investing in stocks. It could go down tomorrow. You never know what will happen, so it’s important to enjoy life. I could be in big trouble, but they buy real estate and they go, this will be wonderful forever, and the only difference is real estate is harder to liquidate, so it takes longer to do because we remember back in 2008 when real estate took some significant hits as well. Real estate can be a more stable investment than other options, and it may even yield better returns. If you want to master it, you need to immerse yourself. The more you practice, the more you will get out of it. You have to decide if you want to master this and not let the words get in your way. Don’t be discouraged by the obstacles you face along the way, focus on the end goal. In the medical profession, most people don’t know that 125,000 people die a year from iategenic causes. This number is one-third of all deaths in the United States and makes iatrogenic a major public health concern.
If we hear iategenic, we don’t know what it is. We can easily understand what it means if we hear it. Is that special? It is definitely something special. Tropical Disease? No. Correct, it means doctor or physician-in-training. Yes, that is correct, medical abortion is a procedure in which a doctor or physician terminates a pregnant woman’s pregnancies with medicines or surgical methods. Someone made a mistake. As soon as possible, the mistake needs to be corrected. It is the third biggest cause of people. Millions of people around the world are affected by it. Why don’t we call it iategenic? It’s easy to remember and pronounce, and it captures the idea behind our new product. Why don’t we just say doctor or nurse? That doesn’t sound good. I think we should look at other options. These words are complex. It’s important to remember that using complex words can be intimidating for some people, so we should always strive to use language that is easy to understand. In the financial world, people don’t know what fiduciary is, because they use all these complex words. It can be difficult to understand the financial world if you don’t know the terminology, but with a little research, you can become familiar with these terms. It is one of the most important words. Communication skills can be improved by learning how to use the word correctly. Somebody has to take care of you. In the event of an emergency, it is important to have a guardian who is legally responsible for your wellbeing. They have to give you their stock if they tell you to buy Apple in the morning and it is cheaper than the afternoon. When investing in stocks, always compare morning and afternoon prices to find the best deal. Most of the financial consultants are brokers. It’s important to do your research when selecting a financial consultant to make sure you get the best advice.
Only 10 percent of investment advisors are fiduciary. 90 percent of investment advisors don’t have to act as a fiduciary. The words get in the way. It’s hard to express what I really feel. Money master the game is one of the books I wrote because it was one of the reasons. I wanted to give readers a concise guide to understanding the basics of financial freedom. Steve Forbes said if there was a pulitzer prize for a financial, this would hands down. Anyone looking to gain financial knowledge and take control of their own financial future should read this book. I wanted my billionaires to read it. I knew I had to write something that would leave a lasting impression. I wrote this book because I didn’t know if I wanted to do that, and I wanted a young person just starting to go. I wrote this so you could read it in a weekend and know what to do. By the end of the weekend, you will know everything you need to know after reading this book that many sophisticated investors don’t know. Knowledge is power because it is not going to hurt you. It can be used to make better decisions. You will be able to move in a different direction. Make the most of this chance to explore new opportunities. You will be able to take advantage of the places where people are being taken advantage of. You can turn those tables around with the right knowledge and resources.
Grant: One of the things I liked about money master the game is that you can really feel that you care about the reader, you know, not only are you pulling the veil back on some of these practices. You give actionable advice on how to become financially independent, which is really inspiring. There was a level of encouragement and motivation that I really liked in the book. The characters worked together to reach their goal. I can tell that there is in your work. There is a lot of love for your audience. You have written now. I’m proud of the progress I’ve made and I’m excited to see what the future holds. You know what, together with the two books. I need more shelf space for these books. 900 pages about money. If you learn something about managing your finances, it could be worth it. You’re right. Writing is a solitary act. You are just meeting with experts. You know a lot about it. You are the best person to ask for advice. How has your view of money changed over the years? Money can’t buy happiness, but it can provide us with the resources to create a life we are proud of. Money can’t buy happiness, but it can provide us with the resources to create a life we are proud of.
Tony: It is interesting. I’m curious to know more about it. It is a good question. I don’t know what the answer is. I thought money would be the answer because I was poor when I was young. I realized that money isn’t the only thing that makes me happy. We didn’t have money for food. A neighbor offered to help us out. One of the reasons I feed 100 million people a year is because I used to be hungry. I know what it’s like to go hungry and I don’t want anyone else to experience it, so I try to make sure as many people as possible have access to food. I don’t want anyone to suffer because I have. I want to make a difference in the world so that no one else has to go through what I have gone through. Right? I want to make a difference. I want to help people and make a positive impact in their lives, so I’m determined to do that. So. I thought I had four fathers and my mom didn’t have money for food when I was a child. As a child, I thought if you have lots of money, everyone should be happy. Life would be simpler if money could bring happiness. I made a lot of money as a young man, I mean a lot of money, by most people’s standards. I invested that money in a few areas and it paid off.
Tony: I wanted to go to Egypt and race camels between the pyramids. My friends looked at me like I was crazy. It would be easy for me to have these dreams as a little boy. I’m determined to make those dreams a reality as an adult. I can be like, no, no, I will take us. I’m sure we can make it through this together. It is easy for you. You make it sound easy, but it isn’t. We were like, all of a sudden there was resentment that I had money. I was evil or something. I got rid of all the money. I feel liberated and free now. It wasn’t conscious for me. It wasn’t something I intended to do. I sabotaged myself until I lost everything. I felt like there was no way out of my financial situation. Everybody loved me again. I was so happy that I had a second chance. I was happy to hear that you are a great. When you said it, I couldn’t believe it. I thought this was bullshit. I can’t believe I wasted my time on this task, and I thought there must be a better way to spend my time. Should I be smarter? I believe that being smarter is only one avenue of success, and there are many other ways to achieve success that don’t involve increased intelligence. The answer is yes. Should I be the one to say yes if I could be more giving? Being generous can help both the giver and receiver. If I can be more inventive. I want to make the most of this opportunity so that I can reach my full potential and become a better version of myself.
Should I be? You don’t need to be concerned. The answer is yes. That is the answer you were looking for. Should I answer yes if I could add more value to my clients? New ways to provide value and increase customer satisfaction are always beneficial. Should I make more money? Why wouldn’t the answer be yes? It’s important to ask the right questions to make sure the answer is correct. If you will, you will grow mentally, emotionally, and spiritually. It’s important to find a balance between self-care and pushing yourself out of your comfort zone. Our culture has created a game that becomes so complex. It is even more difficult to navigate the rules and regulations of the game. The system wants to make it complex so they can make money off of you not knowing. They will try to convince you that paying for their services is the only way to get it done. They are not effective. Many people still rely on these methods to fix their problems. I’m going to find the right mutual fund if you don’t like it, because 96 percent of all mutual funds fail to match the market and you’re paying a premium for this. You should always do your research in order to find the right mutual fund for your needs. It is similar to saying I am going to play blackjack and someone gives you two face cards worth 20 and you are playing to 21. The odds of you winning are in your favor.
Tony: You can’t hit me over my bust. I’m not sure what you mean. When you get two cards there, you have an eight percent chance of getting an ace, and a four percent chance of finding the right mutual fund. If you do your due diligence and research the best options for your needs, your chances of success will increase greatly. They make it complex. The other thing that makes it complex is that we get so much emotion involved. This makes it hard to understand what is being said. I want to change that with this book. I want to help readers with a plan for success. Show you how to make money fun, how to make a game and how to win a game. Money can be used to buy a house or start a business.
Grant said, “Money only matters if it helps you live a life that you love and I wish that people started with the question of what kind of life do you want to live.” Money can help you create the life of your dreams, even if it doesn’t buy you happiness. This is how much money you need or the relationship with money that you can have. The best approach to ensure a positive relationship with money was discussed. When people start to look at how they spend, when they realize that they can make money in their sleep through investing, it becomes incredibly empowering and that actually has positive impacts in other areas of their lives. They can take control of their financial future by investing their money. Is that what you see in your work as well?
Tony: 22:20 Absolutely. When you master one area of your life, it filters into many others. The result is a more balanced life. Everything else is affected when you don’t master an area. You can’t afford to be lulled into a false sense of security when it comes to mastering any area of life. Master money and a picture of relationships. It’s important to have a healthy relationship with money because it can shape the way we view and interact with those around us. It affects how you feel about yourself. It can affect your relationships with other people. If that is your health. Taking care of your health and wellbeing is more important than anything else. Money is not everything, but it is an important thing to do. Financial security can give you peace of mind and allow you to pursue your dreams. I always tell people that it doesn’t change them. We already have the best and worst of who we are. It’s bullshit. It makes you more aware of yourself. It can help you reach your full potential. If you are loving and giving you more to give, you are more to be mean with. We need to remember that it is not about money. Having an attitude of gratitude and appreciation is what it’s about. Money is an energy and if you use it well, you can leverage it. The more money you have, the better you can make a difference. You can help more people. It is possible to make a lasting impact on the world by getting involved in volunteer efforts.
If you don’t master this area life for whatever excuse you give, there’s no excuse. You can say that they did not teach you in school. What is it that I want to get good at is one of the things that you don’t learn in school. There are a few subjects that matter. Your body, your energy, your emotions, your relationships, your spiritual side of your life, your career or owning a business, and then there are money and there aren’t that many areas and if you just say, listen, I’m going to get good Pick which areas you want to focus on, and you will be well on your way to having the life you have always dreamed of! It is easy to become a victim if you don’t have life on your terms. Don’t let anyone stand in the way of achieving your goals, take control and make your own destiny.
It seems to be the standard way of approaching things for a lot of people, but being a victim is not going to make you proud of being a victim, will not make you financially free of being a victim, and will not help other people. By taking action and making a positive contribution, we can make the world a better place. Making money gets bigger when you have bigger goals than yourself. It is possible to increase your earning potential and take your financial success to the next level if you have big goals. It was about making money. Financial security was paramount in achieving success, and having a comfortable lifestyle was the ultimate goal. It’s one thing. If you asked me one of my goals, I would feed a billion people. I will use my skills and resources to make that goal a reality. I have reached 400 million. I give a quarter of a million people fresh water a day. I’m proud to be a part of a team that is making a difference. I freed 1500 girls from slavery in the last three years and I am going to give a million to India because kids die there of waterborne disease.
Tony went out on some of the buses with them in foreign countries and trained other policemen. I was able to share my knowledge and expertise with officers from other countries. How to capture these people. There are more people in slavery today than any other time and I am going to free 10,000 of them. My hope is that we can work together to free more people from slavery by using the power of the internet. When I coached Clinton as President of the United States, he didn’t have access to things that someone in Africa has. Over the years, technology has made it possible for people around the world to access information and services they never had before. They have access to Harvard schools. They have access to markets. The Internet is worthless if you can’t read, write and do basic math and 250 million children can’t read. Many of these children lack access to quality education, making it impossible for them to acquire the skills needed to take advantage of the vast resources the Internet has to offer. We can’t get enough teachers to do that. We have to think of a different solution.
Unless we teach them, there are lost. We need to help them understand the skills they need to succeed. One out of seven adults are not literate. We are together with two other people. We decided to have dinner and discuss our plans for the future. In 18 months, we had all these teams competing with ipads and tablets and taking on communities, and we had a prize of fifteen million dollars. The winning team will receive recognition from the local community and beyond, as well as being awarded the grand prize. The kids have to learn to read, write and do basic math within 18 months with no teacher and the winning team gets 15 million dollars, but the code becomes open source for the whole world. One that could potentially have great rewards for humanity is the monumental undertaking of this challenge. I am doing that as well. I own a private jet. That makes me very lucky. I am conscious that allows me to do what I do. I can make sure that I’m doing my job by being conscious. In six weeks, I did 15 cities in eight countries. I will never forget the experience. I traveled from Las Vegas to all the other places in the US, Washington DC to all the other places in Canada. It was an amazing journey to explore some of the most beautiful cities in North America.
Tony went to Brazil and Panama with him. I traveled from Florida to Scotland, Italy, Russia, Siberia, and then to Australia for a week for a big event. I flew back to Florida to get ready for my next adventure. We will do all that without jet with me. We should make the most of our time together. I know these are carbon footprints. I am trying to reduce my carbon footprint by using renewable energy sources and using less single-use plastic. I figured out that if you don’t want to join the group, how much carbon footprint or album, how many trees need to be planted so that, I mean consciously, they said 3000. It was a small price to pay for a huge environmental benefit, but I was surprised by the number. I told them to screw that. I’m not doing it. I planted 5 million trees this year and I plan to plant 100 million trees over the next five years. Is it possible to get a nice car? I want to be able to afford it. They always have. It has been a tradition for a long time. There is so much juice in something that is more meaningful and if you can find something that you want to serve that is greater than yourself, you will get different insights. You get a different energy, a different passion, and you master things quicker because there is a higher purpose. I think motive does matter. Understanding why we do something is just as important as what we do, as motivation is the driving force behind positive change.
Grant: I agree with you. This is the best decision for us. It took me five years and three months to become financially independent. It was a long journey, but it was worth it in the end. The entire time it was money, money, money, money, money, escape, escape. It was the only way to escape reality and not worry about money. Once I got those first few reader emails that said, Hey, you helped me save my first $5,000, you know, you helped me get on the right path, that was one of the things that I 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 888-276-5932 I felt like I had made a difference in someone’s life. I had never experienced a level of joy like that before. I would never do that. If I hadn’t taken the risk, I wouldn’t know what I was missing. If you told me that I would be a mission driven person, I would have laughed. I didn’t think I’d be able to make a positive impact on the world. I could never have imagined that there was so much more joy in my life. I am blessed to have been able to experience the joy of life and the pleasure of helping others. It is still growing. The internet connects people around the world. I agree with you that money has diminishing returns for yourself unless you can use it to impact others. I will use my resources to make a positive difference in the world. And uh, you know, we all have that, that, that responsibility
Tony: I think so. When people say money doesn’t make them happy, they don’t know where to shop. Money can help make life easier and more enjoyable. You are correct if you shop for things. It’s important to compare prices and find the best deal. It won’t make you happy because you burn out quickly. It’s important to find joy in something sustainable because it won’t provide long-term satisfaction. The most valuable thing in science is the fact that experiences like a vacation with your family stay with you for a long time. The hormonal changes in your body can now be measured by what happens in your mouth. The saliva in your mouth gives them a lot of information at this stage and what they found is buying, giving for someone else not for yourself gives you more joy for a lasting period than anything you could buy it from yourself and human experiences. The same part of the brain that is associated with pleasure and reward is activated when we give to others. When a woman buys coffee for three people in line behind her and Starbucks, you look at it and think, “Wait a second, this woman is still high as a kite three days later over this little act.” Even the smallest acts of kindness can have a lasting impact. It isn’t the amount of money. How you spend it is what matters. It is the fact that you operate from a place where there is more than enough for everyone. We can all make the world a better place if we show our generosity and kindness.
There is a level of sustained joy that you start to cultivate. There is a sustained joy that can be tapped into with a little bit of effort. We live in a world where success is defined as more money and the next job promotion and you or the best instagram profile and I think, unfortunately, we live in a more and more world. How can we find peace in our life if we don’t have money? We can start by looking at what brings us joy and fulfillment, and then strive to create a life that embodies those values.
There is no relationship between money and happiness and there is no relationship between problems and happiness. It is important to remember that true happiness comes from within. You are going to have a lot of problems and be happy. Take one step at a time. People who lost their legs, arms, and loved ones are happy. They still have joy and gratitude for what they have. There are people that are pissed off every day because they didn’t put enough secret sauce on Moby Jack or where the hell it is, so there’s no relationship and the research on money shows that once you get past $70,000, there’s a relationship. It is important to focus on experiences and relationships in order to lead a fulfilling life. There are jumps in certain numbers, but they don’t matter if you’re wired for unhappiness. It can be difficult to find joy and fulfillment if your mindset is not right. I call it an emotional home if you get a billion dollars. You could make a home for many people in need with a billion dollars. We come back to a set of emotions. These emotions are essential for our growth and understanding of the world.
Some people are always worried about something. I try my best to focus on the positive, because it can be hard to be around that kind of negative vibes. They worry about the economy if they don’t worry about their own life. They worry about the economy because it can affect their life and future. They worry about other people. Even if it means sacrificing their own needs, they try to be compassionate towards others. Some people are angry. They are angry all the time. Their moods are quite unpredictable. If not in their own life, they find things to be angry about. They are trying to perpetuate a negative attitude towards everything. There are people out there that are not really funny, but they think they are, and they crack themselves up, and you might find yourself laughing as well. Even if the joke isn’t particularly original, it’s nice to be around people who can bring some lightheartedness and laughter into a room. Most people have a dirt road to happiness because they have an emotional home where they go back to and they have a highway to stress on. Money will not change that. True happiness is not dependent on material possessions. There is only one way to have peace and joy. It’s enough.
It is important to make sure that you find those things to appreciate. Small moments of joy, gratitude and contentment can be found throughout the day. I asked Sir John Templeton, one of the first international investors, if he became a billionaire after starting with nothing. He used the phrase “Invest patience” to explain his success, and it still holds true today. I asked what it takes to be wealthy. It’s important to consider the impact wealth has on our lives. He told him to teach it. I said that was good. What is it? I teach? He said that he was grateful. He told Tony that if he had a billion dollars, he would be poor. Money can’t replace the feeling of true gratitude. If you have a small amount of money or no money, you are grateful for your heart, lungs, family, and God for your creation, for life. You are rich. And he said. There are a lot of people with a lot of money, but they are not wealthy. It is possible to create a positive mindset that leads to greater success and abundance. Wealth is mental, emotional, spiritual, physical and financial. To achieve true prosperity, it is important to recognize and nurture all aspects of wealth. When I talk about wealth, I include money as part of the process, but I think we need to expand our understanding of what wealth is and how we can use it to our advantage. Having time to spend with your loved ones and doing the things that bring you joy is what wealth is all about.
Grant: I agree with you. The issue needs to be addressed sooner rather than later. I think it is more than that. It takes into account all aspects of the situation. Financial freedom means so many different things to so many people, that’s why I love that phrase. Financial freedom is the ability to make choices without worrying about money. It’s one of the things I’ve found in my own life and in my readers’ lives that you don’t have to have millions of dollars to feel free, for the person who’s living paycheck to paycheck You know, having a year of expenses saved and you can get so many benefits, that money can provide without having millions and millions of dollars. Having a financial cushion can give you peace of mind and help prepare you for any unforeseen events that life may throw your way. That is what I love about your book, it is a very practical path to accelerate that process. It’s a great tool to help people reach their goals. A lot of the personal finance industry is built around scarcity. Anyone can achieve financial independence and security if they understand and implement basic financial principles. It is about cutting back. The only way to ensure long-term success is to cut back. I think the scarcity mindset turns people away. The biggest barrier to managing finances is budgeting. It can be difficult to know where your money is going without a budget. There is a limit to how much you can save. To find a balance between saving and enjoying life, you need to be aware of your spending habits. There is no limit to how much you can do. I love that. It makes me smile every time. You are bullish on people in the book.
Tony wants people to know that there is a way to make more money if you just get obsessed with adding value, find somebody you want to serve and do more from them than anyone else in the marketplace. To find the best solution for your customer’s needs, you need to be creative and work hard. If you structure things right, you are going to do well, even in business, even people that make millions of dollars, you know, most people think, oh, if I can just earn enough, but how many athletes have you seen that made you know, ridiculous sums of money? Many people find fulfillment in meaningful relationships and experiences, which is why it is important to remember that wealth is not the only measure of success. 50 million. A billion dollars. One can become an overnight millionaire with 100 million dollars. Mike Tyson went bankrupt after making half a billion dollars. Even the most successful people can make poor financial decisions. I can name 10, Fifty Cent. I can name 50 Cent’s real name as well. That is all he is worth. He used to be worth a lot more. He spent a million dollars but was worth $200 million. He lost all his money within a year. Turn do manage those numbers. It will help you make informed decisions about your business’s financial health. You won’t be able to earn your way to a fortune. If you want to build wealth, you need to make smart financial decisions.
Tony: You can get to that fortune if you just understand compounding. It is possible to build wealth over time with compounding. I don’t want anyone to hear it if you haven’t heard of it before. I don’t want anyone to miss out on this opportunity. If you just take a 19 year old kid. He won’t have the same experience and knowledge as someone who has been in the industry for a long time. It will show you what to do with 300 bucks a month if you put it into an investment account and don’t touch it. You will be surprised at how quickly your savings will grow if you don’t touch it. The last 20 years have produced an eight point two return, but the last 20 years have produced a 10 point return. Considering the stock market’s volatility over this period, this has been an impressive level of returns. You get eight percent compounded on your money and you save 300 bucks a month, but you don’t have a lot of expenses at this stage from the time they’re 19 to your 27. You can save over $30,000 by doing this.
Tony: Now what? Stop investing. If you want to, you will have more than $1 million by the time you are 65. Boom. How much did you put in? You can use a spreadsheet or other tool to track your contributions and get an accurate picture of how much you have invested. 300 bucks a month for eight years? There is a total of $28,800. It’s about $28,000, right? It will be worth it in the end. That’s it. $28,000 worth $1,800,000. That is the power of compounding. If you have a friend that catches on to slower watches, you can wait until they are 27 and put 300 bucks into a savings account, and then they will have 40 years of investing, not eight. They will have a bigger investment at the end of that 40 year period. They put in 140 grand, not 28 grand, and still have $400,000 less money than you do. That is the power of every person listening to this. We can use our collective voice to bring about positive change, and each one of us plays an important role in this process – that’s the power every person listening to this has. You don’t need a lot of money if you just start. There is a great study. There is compelling evidence that supports the hypothesis. I don’t know if the money is good, but one of the best examples I know is a man that worked for the shipping company. He worked his way up from the bottom and eventually retired as a manager, showing that you can achieve your goals with hard work.
Theadore Johnson is Tony’s true story. Tony had a close friend named Theadore Johnson. He retired with $70,000,000 and gave away 35 million, but he never made more than 14 grand a year. He made a number of wise investments which led to his incredible financial success. He was told by a friend that he was going to everything. His friend said, “You’re never going to forget this night!” I teach people. You have to start it. It’s time to take action and make your dreams a reality. I know it’s boring, but the most important financial decision of your life is to become an owner, to not just be a common consumer of all this shit. It’s an investment in yourself and your long-term financial security that will pay off in the end. You own Apple. Don’t just own an Apple phone and own a diversified portfolio. It is possible to have the convenience and reliability of Apple products with the variety of options available in other brands. Some of the best companies in the world become capitalist. You can join the ranks of some of the most successful companies in the world if you become an owner. If you want to be wealthy in the long term, you have to take a percentage and say, “This part I’m setting aside and I’m not gonna, touch it.”
Theadore Johnson had a friend that told him to put 20 percent of his money in a savings account. Theadore Johnson was advised by his friend to save 20 percent of his money for his future. He makes 14 grand a year. He is trying to make ends meet. He said he couldn’t do that and couldn’t survive. I don’t know what other option I have. He told me to listen. If the government said there was a 20 percent tax on you, I would hate it. I would fight for a more equitable solution and challenge the tax. I can’t pay it. I don’t have the money to pay for it. I don’t. You pay it because you would have to and after a while adjust to it. You learn to accept it as a part of life. He said that this is a tax for you. He said to use the money wisely. That will make you rich. You will be on your way to success if you take the necessary steps to make your vision a reality. They did nothing else. They were happy that they made the right decision. They took 20 percent of his money and put it into a stock fund. He has been able to build a large nest egg that will ensure his financial security during retirement. Anyone who starts with a small amount of money and is consistent can do it.
Tony said that they have no money to do this. They won’t be able to complete the project if they don’t have the funds. The same thing happens when I teach business. I emphasize the importance of having a growth mindset and staying open to new ideas. If you don’t own your business, how do I take it off the top? If you’re unsure about the tax filing process, it’s a good idea to consult a qualified accountant or tax professional. A group in the Midwest came up with the idea that people are good at saving tomorrow because they are good at dieting tomorrow. More and more people are recognizing the value of planning for the future. They are not good at saving. Many people are struggling to make ends meet because they are living paycheck to paycheck. He came up with the idea of saving more tomorrow. Save more tomorrow encourages individuals to gradually increase their savings rate over time, making it easier and more manageable. They told you what to do. You will be on your way to success if you follow their instructions. You should take three percent of your money right now. Put the rest into savings for a rainy day. Three percent can be taken by anyone. If someone is willing to put in the effort, they can make a huge difference in someone’s life. You will never miss it. Automate it. They found that within 15 years the average person had saved 15 percent of their income by setting aside three percent more every time they got a bonus.
Nobody can get rich at those numbers. It is possible to make a lot of money in a short period of time with the right strategy. You can get wealthy if you save that much. The key to becoming wealthy is to start small and save regularly. I want the young people to listen. I want you to take something away from my message. This is your ticket. Make the most of it! You might be in a tough financial position right now. There are still ways to get back on track. It might look impossible. Nothing is impossible with determination and hard work. You don’t understand compounding, the numbers of debt and so forth seem unreasonable, but I’m here to tell you that. You are going to win if you stay in the game and get in. Don’t give up, perseverance is the key to success. You don’t want to bet against the American economy. It has paid off for generations and will continue to do so in the future. You have been growing for almost three centuries. In the history of America, there have been corrections, wars, and economic downturns, but none of them have become bull markets.
Grant: 37:47 Yeah. The one percent savings strategy is something I recommend. You don’t have to increase your savings rate every month. This is a great way to start building your savings without having to make drastic changes to your budget. You don’t feel it. It’s important to pay attention to how you are feeling on a daily basis because it can be difficult to recognize the signs of burnout. Some of my readers have saved over 40 percent of their income after three years of doing this. This is a great way to start saving. They never missed it. It felt like it had never been there before. You can cut your time to retirement in half if you can get a 40 or 50 percent savings rate. You can achieve financial freedom and enjoy a comfortable retirement if you start saving earlier. When you start to think of instead of $5 at 25, that $5 is worth $50, and that’s what some of my readers have been doing. I think. I have two questions about the financial services industry. The financial services industry sells a level of precision that is unrealistic. This false sense of precision can have a negative effect on the customer and the industry as a whole. How can I save for when I am 65 when I was 28 three years ago? Saving for retirement feels like a far away dream for me as I’m still trying to figure out what I want out of life.
Grant said a lot of people are afraid in so many areas of their life because they don’t know who they are going to be. With a little courage and determination, we can all overcome our fear and discover our true potential. You don’t know what will happen. When they do, be prepared to take advantage of them. If someone hears this and they feel like they are stuck in their life, I can’t even begin to think about who I will be tomorrow. You don’t have to worry about tomorrow until it comes, so take a step back, breathe, and remember that one day at a time is enough. How can they get unstuck in their life and get on the right financial path? They should make an effort to pay off their debts as soon as possible and start saving for both short- and long-term goals if they want to get on the right financial path.
I will give you five quick steps because this is what I did to myself. My father was very intense. He had a passion for life. My mother was even more focused. She was a force to be feared. She thought he went back to Chicago when she kicked him out on Christmas Eve. She sighed a deep breath of relief, knowing that she had finally taken the steps to get her life back on track. When she thought he was on my side, she kicked me out to chase me out with a knife and I knew she wasn’t going to hurt me, but I wasn’t going back in that house. I ran away as fast as I could. I looked back and asked, what do I have to do? If I wanted to move forward, I had to take a leap of faith and make changes in my life. You can’t do shit when you’re depressed, that’s what I felt. I don’t know what to do to get out of this dark place. Weeds grow automatically if I don’t feed my mind. The less room there is for doubt and confusion the more knowledge I have. There are always problems. We have to find a way to solve them. You are in trouble if you don’t stand guard at the door of your mind.
My original teacher used to say that leaders are readers and that Tony should read at least 30 minutes a day. He was an actual book that you picked up because it has strategies or tools or insights that can help increase the quality of your life or the people that you know. An expert in the field wrote it, with years of experience and research to back it up. I started reading biographies which showed me that some of the most successful people in the world had a life that was worse than mine. I was given the strength to fight my way through and become a successful person. It showed me what I could do. I was given the courage to pursue my dreams and never give up. I got into net time and started listening to audio. Audio is a great way to learn and stay focused on a task.
Tony said there was no extra time. The referee blew the final whistle. I can listen to the audio while I drive my car. When I have spare time, I can use the audio to review the law. I work out and so I would feed my mind. I want to be the best version of myself by taking care of my body and soul. Feed and strengthen your body is the second thing you have to do every day. Eating healthy foods and exercising regularly is what this means. What do I mean by that? I’m not sure what I mean by that. Is it necessary for you to push your body? If you want to see the results you want, you have to push yourself. Fear stops people. Fear can prevent people from achieving their potential. Fear is physical. It can be felt in your body, in your throat, and in your gut. This is a feeling you can’t ignore, it’s strong and powerful, like a force that won’t let go. Courage is also physical. Courage and strength are required to face difficult situations. Courage doesn’t mean you’re not afraid. You do it anyway, even if you are scared, if you are not afraid. Courage is making the choice to face your fear. The drive to push through fear is what you find. Don’t let fear stop you from reaching your goals. That encourages physical activity, and I go on a run with intense weights, anything of that nature and all the blood explodes through my body, and their sense of certainty returns to you, so the mind and body are tied together.
Every day you have to do something, even if it is 15 minutes, it will push you to get stronger. That will make you stronger. It will help to build a strong sense of self-confidence. You are going to get stronger because you are feeding your mind. You are becoming more resilient by growing your knowledge and taking in new information. The little shit will bounce off of you. You have the confidence to handle anything that comes your way. A great role model is the third thing you need. Success is dependent on having a great role model to look up to. I recommend multiple role models. Young people can get inspiration and guidance from these role models. So nobody’s perfect. Some people are great with money and terrible with their kids. Money is more important to some people than their family. They are not my role model when it comes to raising my family. I want to find a parenting method that works for me and my family. They might be a good example of how to invest. You could find someone that is terrible in their business, but great with their wife or husband. One of the most important things in a person’s life is their relationship with their partner.
Tony: Take a look at that part. Jack will get right on it. I think there is a model out there. You can be inspired to follow in their footsteps. Sir John Templeton was a role model for me because he became a billionaire during the worst economic times when people were scared and he saw opportunity. He was a role model for me. I was inspired to follow my dreams and never give up, no matter how difficult the journey may be. You have to take massive action. Consistency and persistence are required to ensure success. A lot of people wait until they know everything. It’s better to start with what you know and learn as you go. That is the wrong thing to do. It could have serious consequences and is not a good idea. You have to get in the game and you have to learn by trial and error. No matter what the odds are, be determined to succeed and stay focused. Get obsessed with adding value. Do more for others than anyone else. Don’t expect anything in return, just out of love and kindness. If you focus on giving, you’re not going to have to worry about getting because you know it’s impossible to give and give them millions of people or tens of thousands or 10 or two or anyone and not feel a benefit come back your way because there’s an aliveness that comes when you do that,
If you are stuck, you need to train your mind, feed it, and strengthen it. To achieve success, you need to commit to a daily routine and stick to it. You need a great role model to get there. A great role model can inspire you to reach your goals. If you focus on giving in the midst of your problems, there is always someone worse off, so you need to get your ass in gear and take some action. I used to bring this group of people to my seminars in the evenings of the fourth night of a six day seminar and I used to bring people up who had been burned off. Despite facing seemingly insurmountable odds, I asked the group to tell their stories of success. People that are blinded and people that lost limbs and we are so damn happy compared to, you know, most people bitching that they’re jumping Jack didn’t have enough special sauce in it, so it’s a very different approach. Life is all about perspective, and often how we approach the challenges we face is more important than the challenge itself.
Grant: 43:16 Yeah. I talked to a blind woman on the train from 4th street up to 103rd and she was very interesting and happy. I’m thankful for these experiences because they remind me that life is full of opportunity and joy, no matter what challenges come my way. I have one more question. Is there any advice you have for me? What does financial freedom mean to you?
Tony: Doing what you want, wherever you want, with whoever you want, as much as you want, and having resources to be able to touch people’s lives is what it means. The opportunity to make a positive contribution to society is given by the concept of freedom. Even when you are awake. Even though you’re resting, you can still make progress towards your goals. It means freedom. It means stability. It means opportunity. It means the chance to give in ways that are unique, but it will never replace human emotion. You can experience the power of human connection and empathy by giving back to your community. Money is pretty much worthless if you don’t have joy or love or gratitude. Money can be used to create and experience those things. To me. I have the power to leverage from this vehicle. I have money that I can use to reach people around the world, reach people I don’t know in India, and provide fresh water for them. I’m proud to be able to make a positive impact on people’s lives, and this has been an incredibly rewarding experience. I could do it with my time, but I have a limit to my time. If I keep adding value and growing, there is no limit to the money. When it comes to creating wealth and financial freedom, the sky is the limit, so I’m ready to keep pushing forward.
Grant said he wanted to thank Tony for being an inspiration to him on his own journey. I’m looking forward to furthering our friendship because it has been great to have you as a mentor. When I was 21, I read Wwaken The Giant Within. I was inspired to take control of my own destiny after it changed the way I viewed life. Your work in my generation and for generations to come is incredible. Positive change can be the result of your work. Thanks for all the love and all the wisdom and all the insights and really appreciate you taking the time to write this book and, you know, tell the truth and share what works for everyone so they can get their money. The book will give readers the knowledge and tools they need to achieve financial freedom. So thanks Tony.
Tony: You are very kind. Thanks for your support. I am very pleased with the work you are doing and I know you are driven by the same force. I am confident that you will reach great heights in the future because of your amazing work ethic. Even though I don’t see you in person, I can hear your voice and see the work you’ve done. We are both trying to contribute as much as we can. Our ultimate goal remains the same even though our paths may differ. If you continue down that path, you have already proven that it isn’t. If you stay on this path, you can reach even higher heights. If you don’t know who I am by how my lips move, watch how my feet move for 41 years, you know who I am. I’ve traveled the world to show people that I have something to offer. You can’t pretend that. You need to be true to yourself in order to be authentic. You are clearly driven to contribute in a meaningful way. I’m inspired by your determination to make a difference. I wanted to do this with you. I’m excited to share our stories with the world. Thanks for having me on. I was happy to share my story.