The Art of Manliness

#90 Master the Money Game With Tony Robbins

4 snips
Nov 21, 2014
Tony Robbins, a renowned motivational speaker and author, shares insights from his book 'Money: Master the Game.' He reveals lessons learned from top investors and busts myths about retirement savings. Robbins emphasizes the importance of automated saving and compound interest for long-term wealth. He warns against actively managed mutual funds due to hidden fees and advocates for low-cost index funds. Discover his all-weather investment strategies and the crucial idea of protecting capital through smart risk management.
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ANECDOTE

2008 Crash Sparked The Book

  • Tony Robbins explains why the 2008 crash pushed him to write Money: Master the Game after witnessing widespread suffering.
  • He used his access to top investors like Paul Tudor Jones to find practical solutions for everyday investors.
INSIGHT

Pensions Replaced By Risky 401(k) Burden

  • Pensions largely disappeared and 401(k)s shifted retirement responsibility onto individuals who often don't know how to manage them.
  • Tony Robbins highlights that many baby boomers are underprepared and often have little or no retirement savings.
ANECDOTE

UPS Driver Became Wealthy By Compounding

  • Robbins contrasts stories of people who burned through windfalls with Theodore Johnson, a UPS driver who became wealthy by compounding small savings.
  • Johnson saved a fixed share of pay over decades to turn modest income into large retirement wealth.
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