MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins (PDF)

Description

Tony Robbins turns to the topic that vexes us all: How to secure financial freedom for ourselves and for our families. “If there were a Pulitzer Prize for investment books, this one would win, hands down” (Forbes).Tony Robbins is one of the most revered writers and thinkers of our time. People from all over the world—from the disadvantaged to the well-heeled, from twenty-somethings to retirees—credit him for giving them the inspiration and the tools for transforming their lives. From diet and fitness, to business and leadership, to relationships and self-respect, Tony Robbins’s books have changed people in profound and lasting ways. Now, for the first time, he has assembled an invaluable “distillation of just about every good personal finance idea of the last forty years” (The New York Times). Based on extensive research and interviews with some of the most legendary investors at work today (John Bogle, Warren Buffett, Paul Tudor Jones, Ray Dalio, Carl Icahn, and many others), Tony Robbins has created a 7-step blueprint for securing financial freedom. With advice about taking control of your financial decisions, to setting up a savings and investing plan, to destroying myths about what it takes to save and invest, to setting up a “lifetime income plan,” the book brims with advice and practices for making the financial game not only winnable—but providing financial freedom for the rest of your life. “Put MONEY on your short list of new books to read…It’s that good” (Marketwatch.com).

User’s Reviews

Reviews from Amazon users which were colected at the time this book was published on the website:

⭐I want to start off by saying that I’m not a follower of Tony’s motivational literature. When I was younger my mother purchased some of his books and tapes and while they were somewhat inspiring, I never was one to draw my “passion for life” reading any book other than the Bible. I couldn’t tell you what Tony’s done or written since his ‘Get the Edge’ series that was mass marketed on television back in the late 90’s.. but I can tell you what I’m pleasantly surprised with, and frankly glad I’m I came across this new finance book because a few of the chapters are “worth their weight in gold.” These are Chapters 2 and 5, but please continue reading my review to understand why.-To give you some background I’ve been reading personal finance books since the late 90’s starting with titles like ‘Rich Dad Poor Dad’ by Robert Kiyosaki, ‘Automatic Millionaire’ by David Bach, every Dave Ramsey and Ben Stein title ever written, most of Larry Burkett’s scripture based Business and Finance books and Crown Financial information, Random Walk down wall street, etc. etc. To make a long story short let’s just say I’ve read dozens of personal finance or retirement books starting from age 16 up until my present age of 31 so I can tell when something is new or old fluff, or just plain made up. I’ve also an investor so I have skin in the game.-Some people are reading these reviews and they just want to know if this book will help them manage their money or make money, and to cut to to the chase yes this book can both make you alot of money and save you even more money. After reading Tony’s book I’ve placed it among the top 10 personal finance titles I’ve ever read and that list reads like the who’s who of books that can actually make a huge impact on the financial future of the average American. If you don’t like to read it doesn’t matter, just buy the book and read Chapter 2 and 5 and then give it to a friend or delete it, but just read those two chapters.-What makes this book so valuable and easily worth the price I paid ($12 on Kindle). Let me summarize, and we’re going to throw out all the chapters and information that was motivational jargon because I didn’t buy this book to be motivated on living life to the fullest and I don’t think most of you reading this did either.1. THE INTERVIEWS. Most of these interviews were not rehash’s of what you could find in other books, and a couple of them could be downright life altering if people were to employ some of the advice given by a few of the men or start to follow a few of these men with regard to what they are doing with their investments. The possible life-changing and or interviews that offered terrific advice, tidbits of information that could save you time and money, stock market psychology, and or getting insight into those with your interest at heart. If you browse Yahoo finance and or blogs you can occasionally glean tidbits of gold regarding finance wisdom from some of the best of the best who have both integrity and the average joe investor in mind when they are giving out advice. These are some of the men who realize that most people who need this information are not making a 6 figure income and yet while most of them have wealth in the 7 figure range they don’t forget about the rest of us and want to help us to avoid mistakes with our money.Carl Icahn. Rarely does this man give longer interviews, but Tony Robbins just may have one of the best interviews ever done with Carl Icahn. Carl Icahn is an activist investor. This type of investor attempts to take control of companies they believe are underperforming(usually due to poor management) and then take them over or make changes that will benefit both the shareholder and the activist. As a result in most cases employees and customers benefit also. Carl Icahn is one of the few power brokers on Wall Street who by following you can make quite a bit of money because he will make a poorly operating company do better by holding management accountable, and as a result he has and will continue to help the American People by making our companies more efficient and better which can enrich everyone. After you read this interview you will understand why it’s important to follow the moves this man makes.David Swensen. Great interview, a good overview of asset allocation and risk management, shows why playing it safe for a long time is smart. Great tidbits to learn.Ray Dalio. Just getting the broken down into easy terms “All Weather Portfolio” is worth the price of the book alone and much more. This information is covered in Chapter 5. He must have owed Tony a huge debt to give out this information. Next to an index fund this is the best portfolio I’ve ever seen and the results it has brought prove it. You won’t find anything better, but most people should have a broad ranged index fund before attempting to copy an allocation like the all weather.Paul Tudor Jones. Some of the investing psychology(not stock picking advice, but market psychology) he gives in his interview is as if you are sitting in a premier top 10 MBA rated program’s class and studying under his stock market tutelage. You simply can’t hear these things anywhere else and unless your in a very elite group that are getting MBA’s at the very top finance schools you probably never will.John Bogle. What more can anyone say, he revolutionized investing for the common man by introducing the index fund and if you don’t have one you really need one ASAP. Watch every interview with John Bogle you can find on youtube if you want a quick study in long term investing with the best possible outcome for the average person. I personally believe John Bogle has made more of an impact on the finances of the average American than anyone in history ever has or ever will, he truly is both a pioneer and a sort of modern day hero who put the common man above greed and reshaped Wall Street and investing forever.Warren Buffet. I can tell in this interview Mr. Buffet was just doing Tony a favor by giving a short interview to a friend but he didn’t really give any advice you couldn’t find anywhere else nor did he dive into any strategies or ideas for the common person. I put him with these others because of his track record. If you purchase a few of his BRK-B stock shares and hold them for a very long time you will probably do pretty well, but Warren Buffet would tell all average investors to get an index fund and not try their hand at picking stocks. He basically will mimic what John Bogle says in most of his interviews but John Bogle goes much deeper, is more interesting, has more integrity, and just does it better.-Yes a few of the interviews were not very good and I discuss those below. They in my opinion revealed little information, did not know how to convey investment advice to the average person, or just came across as sort of a self pat on the back in my opinion and wouldn’t make much impact to the future financial wellness of the reader. Remember, just because someone is ultra wealthy in no way means they have you interest in mind nor can their advice or circumstances be applied to your own life.-These people from this book in my opinion who you shouldn’t listen to include:Marc Faber(Commodities speculator who is a very shrewd and astute insider, I don’t think he can be trusted personally, but when it came to giving advice he came across as a guy just throwing information out there just to give an interview almost as if he wasn’t really sure what to say, like he was picking random numbers out of his head and giving them to Tony.)T. Boone Pickens (Just talks about himself most of the interview, you can find better advice elsewhere.)Kyle Bass (Made most of his money off an incredible speculation and talks about purchasing millions in nickels with little information given for the regular investor. It’s my belief he either isn’t very knowledgeable when it comes to investing for regular people or he simply cannot convey the information in a manner with tools he has never used for the average person. He is an algorith based trader and has access to both tools and information most people don’t have. I would never listen to his advice based upon his history even though he is successful, his success cannot be repeated.-I group these next three together because their interviews mainly went through their personal histories and discussed why the success occurred and the importance of integrity and a customer first approach in the finance world:Mary Callahan Erdoes, Charles Schwab, Sir John Templeton (Mostly discusses the type of work ethic, integrity, and fortitude needed to be successful and also to leave a legacy for your family or people who’s money you are investing.-So what makes this book so valuable, and why am I saying you must include this in your collection if you’re a person under 50 looking to improve your finances.2. Simply because of Chapter 2 and Chapter 5.-Chapter 2 covers some of the things you’ve read in other finance books before, usually John Bogle’s or Ben Stein’s, but it discusses the Myths of the market and advisor fees. It discusses investment broker actual returns and debunks many of the common beliefs among the uneducated majority regarding how to make money with investing or retirement plans. The way this chapter is organized regarding the myths of the market and annuities is invaluable. The information on annuities for anyone under 50 is pure gold, and I have yet to see even a handful of books that ever covered the Annuity, which is starting to grow like wildfire and probably the best option for most of us with less than $500,000-1,000,000 at retirement.-Chapter 5. This is the best chapter of the book bar none. Ray Dalio’s all weather portfolio is simply unmatched and having an in-depth guide of why and how it was designed, and then actually broken down into easy to understand choices is truly incredible. Yes you can and should invest in an Index Fund, and by now we know that 95% of portfolio managers will never beat the stock market over a long time frame such as 20-30 years, but the all weather portfolio created by Ray Dalio’s team just may give you better or at least safer returns with less downside risk than even a broad market index fund. I’m still left wondering how Tony got them to do this and give up this much information on this fund. On top of that, there is a larger annuity and retirement information section which goes in depth on the importance of the 3 year window into retirement and how just the stock market return of the first 3 years of a person’s retirement can make or break them, and WILL… unless they read the information on annuities.-On top of all this great information, section after section has Tony giving good links on how to access both more information. Going through this book you can see that Tony actually cares to help the uneducated average investor gain the tools to invest both wisely and and safely. Most finance books give you the what to do(or at least attempt to), but Tony’s goes beyond and actually gives you both tools and the where to go to get more information and possibly help.-To top of these great chapters there is also a chapter on the future of American technology which goes into the advances being made in healthcare and engineering with the creation of 3D printers and how people are continually living longer so what we do with our money today is very important for a potentially long tomorrow. On top of this unlike many finance books, Tony goes into the importance of giving and how it can change a person’s life and bring more fulfillment far beyond any dream or desire to be rich. Tony actually explains how and why giving is so important, and it’s refreshing to see even a non Christian hold such a high view of giving our time and resources back to those who are less fortunate.So take my review for what you will, as someone who’s read dozens of finance books and will only give applause to something that is both different and worth reading and knowing. I believe this book is very good just for those 2 chapters, especially if you are under 50 and have a long term horizon to invest with and haven’t made tons of mistakes yet. For those who ar e older they undoubtedly should discuss retirement with a financial planner and look into insurance/annuities and stable funds. Below I will list my top Finance guru’s and what I believe are some of the must read books in this field that all have information that can change your financial future as this book can do.Best personal finance guru’s, the very best of the best who’s work you must read and I will include one book from each. These people have care about the common investor above selling books or making money. While some of the information may be a little outdated in one or two of these books, these are still the best of the best by far.Must reads for personal finance with investment advice alsoJohn Bogle (The Little book of common sense investing, watch his interviews on youtube or yahoo)Larry Burkett (The complete guide to managing your money, planning for Retirement, Business by the Book)Ben Stein (How to retire comfortably, The little black book of investing, how to ruin your financial future, most of his books)Great books on investing that don’t cover personal financeBurton Malkiel (A Random Walk down Wall Street)William Bernstein (The Four Pillars of Investing)Honorable Mentions for personal finance, financial lifestyle etc.Dave Ramsey(We all know about his books, very good for basic advice regarding personal budgeting, not better than the previously mentioned writers or their titles though)David Bach (Automatic millionaire, Fight for your Money)Robert Kiyosaki (Rich Dad, Poor Dad)Ramit Sethi (I will teach you to be rich)Thomas Stanley (Millionaire next door)Are there any people you should be watching when it comes to how they are investing their money?Only two in my opinion. Warren Buffet and Carl Icahn. Both of their basic stock offerings are in the 100’s still. I believe Carl Icahn’s IEP is up over 1000% since inception and Buffet’s BRK-B is up 24% this year alone. Watch what Warren Buffet does because he has insider access to large changes in the economy and the government, and watch Carl Icahn because he creates huge changes in companies by forcing their management to become better in every way and with that usually comes great returns for shareholders.

⭐Outdated but a few nuggets here and there that can still be applied. Read it as starting point or get something more practical.

⭐This is easily the greatest, most beneficial, most informative and eye-opening book I have ever read, on any subject! This being Tony Robbins’ first book in two decades, he’s hit an absolute grand-slam in my opinion. What a success! In my mind, this is now the definitive tome to lay-bare a subject so complex, yet so vital. This book IS financial education for the common man. This book is packed to-the-gills with things no one tells you. And nobody has ever spelled-out every detail as thoroughly as Tony does in this book ever, but particularly in the post-2008 financial world, and trust me, I have read many many titles on the subject. I am proud to say that my father introduced me to Dave Ramsey at a very young age, and thus began my financial education. Obviously, it is a long road, but despite the disagreements I know have with some parts of his strategy, I can say with certainty that he set me about on the right path.In my thinking, the core element in this book is not only a very-broad understanding of the modern financial & investment landscape, as well as the pit-falls and traps to avoid that so many others fall prey to, if simply in an effort to ‘delegate’ responsibility for securing their financial future so someone else. Too often, the person chosen for this most-critical of tasks in life is handed-over to a less-than-fully-trustworthy ‘financial advisor’ or ‘planner’ (which as this book teaches, are simply a few of the many terms used to describe financial practitioners who are bound only by the “suitability standard” by the government. This most prevalent type of financial-advisors-to-avoid are also called: broker-dealers.For those that don’t know, this standard of “suitability” is a horribly low-standard, and in-a-nutshell says only that these people recommend investments to you that are “suitable.” This means they are well-within-their-rights and, in fact, are in fact most likely to only recommend to you investments that they themselves make the highest commissions from. These are all-too-often high-fee and ‘hidden-fee’ proprietary Mutual Funds which are generally owned by the company these individuals work for (and, not surprisingly, it would take the average a fair amount of research to uncover that fact, as these funds are often named in ways that do not reflect, much less suggest the name of the companies that actually operate them).The best type of Financial Advisor, which is the kind you want is an Independent Registered Investment Advisor! In my mind, this is one of the most valuable facts IN THIS BOOK! Because it is one of the most misunderstood aspects of the industry. But the difference is that an Independent RIA is required to provide financial advice to you that is BEST FOR YOU! This is a HUGE distinction!!! They cannot provide recommendations to you simply because they will receive a higher commission—as under the “suitability standard.” They are REQUIRED to only give you advice that is BEST. FOR. YOU!It is important to mention that your RIA absolutely needs to be Independent, because a gigantic loophole many so-called RIA’s exploit is called dual-registration. This is where an individual is actually registered as BOTH a Broker-Dealer and a Registered Investment Advisor… and this is a perfect example of the different types of technicalities and exceptions (AKA loopholes) that those in-the-know in the financial word exploit every day to ‘get-one-over’ on the common man, and basically take their money. In a nutshell, what dual-registration means is that a financial advisor can, at any time, with-or-without notifying you, importantly, “change-hats” so-to-speak and start giving you advice as a RIA, or a Broker. The choice is completely theirs. So… and this is the key takeaway: dually-registered RIA’s are NOT bound by the Fiduciary standard. They can at any time of their choosing provide to you advice only as a Broker, which places that advice only under the Suitability standard.I know that all sounds confusing, but if you’re following what I’m saying, you can see that really sucks for people who don’t understand the distinction, and I HATE that kind of stuff. And, sadly, this type of thing runs rampant throughout the financial industry. But the best way to defend oneself against this type of exploitation is to educate yourself about the intricacies of the industry, and thus gain ‘immunity’ from the tricks and deceit so many in the field would try to sell you.At any rate, suffice it to say that I give this book my UTMOST RECOMMENDATION. In fact, I think purchasing it is in-itself a MAGNIFICENT INVESTMENT because (as you’ll read in the book) Tony Robbins is donating every ounce of the proceeds to charity to feed the hungry among us and furthermore, as Benjamin Franklin once said: “An investment in knowledge pays the best interest.”

⭐This is my favorite book. The reason I paid for a hardcopy. I’m a bit annoyed it was delivered with a ruined cover.

⭐Came a little damaged on the outside but all in all the inside is in perfect condition and this product came so quick! Definitely a happy costumer and ready to dive into this book.

⭐Really good and insider info , however a little long and repetitive.Much info applicable to US residents only I guess.

⭐Did you ever watch somebody and thought “I really dont like this guy? He is so commercial, he is so fake!” Well, I started to watch an interview conducted by this guy and could not finish watching it. Then the marketing machine somehow hooked me and I bought his book.The book? Useless. I am not a native speaker but you don’t need to be to see that this guy speaks waaay too much without actually saying anything. He has no respect for your time. Even the good ideas touched upon in this book such as the principles of compounding were presented in a way that left me unimpressed. The mighty idea of this book is that you should have bonds/equities/gold and commodities rather than just shares. In case you did not know, equities are much more volatile than bonds. 500 + pages just for this. Well, you heard it now. Read John Bogle or Benjamin Graham. This book ended in the bin.

⭐This is a great book and I have found a great admiration for Tony Robbins. It’s pretty clear from reading his book and watching his interview that he really cares about helping other people through knowledge and money.The notion of investing in Mutual Funds was completely obliterated, this I definitely support. Just index guys, through DCA in my opinion. Another thing I like about this book is when he asked about what amount of money will satisfy you? One guy said a billion dollars and instead of just ignoring his, Tony went ahead and showed him how it doesn’t take much money (critical mass) to maintain your dream level of lifestyle.Many concepts in this book are American so Indian readers should search for Indian equivalents of those concepts and the Ray Dalio portfolio diversification, well someone should backtest that on the Indian market.Either way, you can just index with NIFTY or SENSEX with Dollar-Cost averaging.If you know how to invest and how to not get emotional during mass pessimism, then this diversification is not for you and you are massively limiting yourself. Cautionary note, you should really be able to invest yourself though, not trading but INVESTING.The best part of the book in my opinion were the final chapters, the act of giving. So whoever says money can’t provide happiness is dead wrong. It enables you to help those in need and that will definitely make you happy, more than any amount of money will ever be able to do.On a final note, this is a definite read and Indian folks, look for Indian equivalents of these American plans and be sure to apply these principles in your personal life, “Knowledge is not power, it’s potential power. Application of knowledge correctly in your life is power”.

⭐Tony Robbins is cashing out on his brand. This book has no value for people looking to become rich. It’s a promotional marketing campaign for his investment companies.It is only good for the middle class fixed salary people who don’t have the courage or knowledge to start their own business and want to park a part of their salary in Tony Robins finance firm.And Nothing about real Money.Its tips with references about how to park money with mediocre returns. I feel a usual banks FD will be much safer and hassle free than all the other low return investment tools shown in this book in the Indian context.I am a solid Tony Robbins fan and have all of his books from Unlimited Power, Unleash… and watched every one of his videos, audibles.This one was really disappointing, I must say Tony should not do content related to Money Making.Tony is good with motivation, inspiration and positive psychology but not with money related topic.

⭐I love how this book is written. If you have ever seen Tony Robbins on YouTube you know it is in his own words and entertaining as well as informative.This book has made me want to save in way of investing. This book shows you that investing is the the smarter way to be rich even if the interest rates go up!I am not very good at maths and technical finance stuff and saving. This book is presented in a way in which everyone can understand and Tony Robbins really goes out of his way to make sure the average Joe can understand. So I understand the maths plus the financial stuff. In fact, there is an app which is free to use and referenced in the book that does all the maths for you when it comes to compound interest. Furthermore, now I understand how compound interest works and using the app to find out what my predicted results will be I am saving my money by investing it. The app even encouraged me to save more than I would have typically. This is because of the results it shows you which are possible and that you can do the process of this on the app over and over again to see the difference in how much it will be worth. Additionally, the app and the book makes you look at ways you can tweak your current finances to save more for your future.This book is highly motivating and useful to those who already save regularly or people like me who were not saving anything.An added bonus is that buying the book you are feeding people as Tony Robbins is not making money on this book. Instead, he is using the money to feed people who are in poverty.I really have nothing negative to say about this book!The item arrived promptly and well packaged.

⭐Some excellent info … however a good few chapters don’t translate to the U.K. Audience

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