Tony Robbins has coached and inspired more than 50 million people from over 100 countries. More than 4 million people have attended his live events and Oprah Winfrey calls him “super-human.”
Although he started from humble beginnings — growing up in a low-income, broken household — today his net worth is estimated at over $480 million. In his recent book, “MONEY Master the Game: 7 Simple Steps to Financial Freedom, he walks readers of every income level in the topic that vexes us all: How to secure financial freedom for ourselves and our families.
Based on extensive research and one-on-one interviews with more than 50 of the most legendary financial experts in the world—from Carl Icahn and Warren Buffett, to Ray Dalio and Steve Forbes—Tony Robbins has created a simple 7-step blueprint that anyone can use for financial freedom.
Robbins has a brilliant way of using metaphor and story to illustrate even the most complex financial concepts—makingthem simple and actionable. With expert advice on our most important financial decisions, Robbins is an advocate for the reader, dispelling the myths that often rob people of their financial dreams.
Robbins’ advice has been featured prominently in magazines, digital media and in national televised media. Thanks to an article by Cat Alford in Time Magazine, “Tony Robbins’ 10 Tips for Living Rich” the Wealth Mentors team would like to highlight some of these useful tips on how to change your mindset to have a positive impact on your life and finances.
- Find Your Life’s Mission
For individuals who are stuck, or uncertain about which ventures to take on, finding a focus in their life is vital. “Energy comes from having a mission; it comes from something that you’re being pulled by, not something you’re pushing on,” Robbins told well-known business expert Marie Forleo during a one-on-one interview.
“We all have that level of energy, but most of us don’t connect to it and unleash it,” he added.
Robbins said he lives in this mindset each and every day. In order to apply this to your own life, it’s important to spend time thinking about what you’re really passionate about, whether it’s big or small. The more excited and the more passionate you are about your goals in life, the more powerful you can be.
- Stop Exchanging Time for Money
With regards to achieving financial freedom, Robbins often talk about the issue of exchanging time for money. Anybody who works for a living, is essentially exchanging time for cash,” he wrote in an article for Entrepreneur magazine.
He added this is probably the worst trade that anyone can make in life, as you can get more money but you cannot get more time. And in the end, it doesn’t make a difference how much cash you acquire. If you don’t save and manage money well, you can lose it all. This is the first and most vital step in putting yourself on the road to financial freedom.
In essence, you can’t quit your job today, but you can start saving today. If there is a business you want to start or something you want to spend all your time doing, he advised to start saving now. The more money you save, the faster you can focus on the things you want to spend your time doing.
- Always be Grateful
This is something that most people take for granted, especially during troubled times. Be that as it may, it can have an incredible positive effect on your life if you follow it.
Robbins quoted Sir John Templeton, one of the greatest investors in history, who once said: “If you have nothing, but you’re euphorically grateful for whatever you have, you’re the richest person you’re ever going to know.”
He makes gratitude a part of his morning routine and starts his day by thinking about things in his life that he is grateful for. Anyone can start this practice, and the great thing is that it’s simple. To keep things consistent and make this a habit, you can even start a gratitude journal.
- Be a Disciplined Investor
Robbins referred to Richard Branson as an awesome example of somebody who goes for broke in life, but not his accounts, as he has a critical mind to comprehend the drawbacks of his ventures and find a way to protect against losses. This is a great lesson for anybody who wishes to be astute in their investment including taking note of any excessive fees that might be eating away at their investment returns.
“Don’t think in terms of taking huge risks to get huge rewards,” he said. “Think about the least amount of risk for the greatest reward, and be disciplined about that,” he revealed in one of his interview for Money.
- Improve Yourself Constantly
Master the strength within yourself so that you can conquer the outer world around you. Robbins mentor Jim Rohn once said: “Find a way to add more value than anybody else does, and you’ll never have to worry about anything, because if you become more intelligent, more valuable, more skilled — you can add more value to other people.”
The same lesson can be applied to your life and finances. Essentially, by becoming more knowledgeable and savvy with your expertise and money, the more people you can help, as long as you have a giving spirit.
- Save Automatically
Building up your savings is an important path to accumulate wealth. Most people think that today is more important than tomorrow, but having that outlook can lead them to not saving enough, or at all.
By focusing on your end goal, it is OK to “trick yourself” into saving for tomorrow, by creating an automatic saving mechanism.
Discuss with your employer how to put away a certain percentage of income into your retirement account. If it happens automatically without you having to think about it, the money will start growing, and hopefully multiply with compounding interests.
- One Step at a Time
Last but not least, it is not uncommon to feel stuck in life. However, that can be a start for you to break out of your comfort zone and try something new.
When it comes to personal or financial issues, it is critical to take any steps possible — even little ones — to advance and move yourself forward. Take small steps to make things better. Save a little bit of money. Put your first dollar into investments. Use any windfall or extra money to do something nice for somebody else. If you feel stuck and unhappy, remember what Robbins said: “Progress equals happiness.”
Have you downloaded a free chapter of Wealthy By Choice: Your Personal Blueprint to More Money, Time Freedom and Peace of Mind? If not, go to the right column, fill-up your details and get your copy today.
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