Tony Robbins, one of the most impactful business and life coaches in the world, shares advice from his mentors. He emphasizes the importance of becoming more valuable, finding something bigger than oneself, and practicing in private. He discusses the power of mentors and NLP techniques, as well as the role of confidence and diversification in success.
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Quick takeaways
Having a purpose that is bigger than oneself fuels the success and drive of great leaders.
Continuous learning and hunger to improve are essential qualities of great leaders.
By constantly adding value and doing more for others, individuals can build a strong brand and ensure long-term prosperity.
Deep dives
The Power of Finding a Mission or Vision Beyond Yourself
One of the commonalities among leaders who have sustained excellence is finding a mission or vision that goes beyond themselves. Having a purpose that is bigger than oneself provides the energy and drive to do more, give more, and create more. This sense of purpose fuels their success and helps them overcome obstacles.
The Importance of Hunger and Continuous Learning
Great leaders have a hunger to constantly improve, grow, and give more. They are not satisfied with mediocrity and are willing to do the hard work necessary for success. They seek out opportunities to learn from others and surround themselves with brilliant minds. Hunger combined with continuous learning allows them to stay ahead and adapt to the ever-changing world.
The Holy Grail of Investing: Diversification and Uncorrelated Investments
The holy grail of investing, according to renowned investor Ray Dalio, lies in diversification and uncorrelated investments. By finding 8 to 12 uncorrelated investments that one believes in, the risk can be reduced by 80% while still achieving similar or better returns. This principle challenges the traditional notion of relying solely on stocks and bonds and encourages exploration of private equity, private credit, and private real estate investments as ways to diversify and mitigate risk.
Importance of Adding Value: Becoming More Valuable
The podcast episode emphasizes the importance of adding value and becoming more valuable in the marketplace. The speaker shares a story about a hedge fund manager who delivered significant returns because he focused on doing more for others and becoming incredibly valuable in his field. The main takeaway is that by constantly adding value and doing more for others than anyone else, individuals can build a strong brand and ensure their long-term prosperity.
NLP and Changing Mindsets
Another key point discussed in the podcast episode is the concept of Neuro-Linguistic Programming (NLP). NLP is described as a study of how language can affect the nervous system, creating rapid changes in behavior and mindset. The speaker shares his experience learning from a mentor, John Grinder, who co-founded NLP. Through NLP, people can make changes in minutes instead of months or years, transforming their thoughts and feelings. The importance of using language and body language to access desired mindset states is also highlighted.
For the past 40+ years, Tony Robbins has been known worldwide as one of the most impactful business and life coaches in the world. He’s hosted millions of people at his events, written 6 international best-selling books, he’s involved in more than 100 businesses that have done more than 7 billion dollars in revenue, and as part of his work with Feeding America, Tony has provided more than 850 million meals to those in need. He’s personally coached President Bill Clinton, Serena Williams, Connor McGregor, Marc Benioff, Usher, the Golden State Warriors, and many others.
Notes:
The advice Tony received from Jim Rohn. "Your job is to become more valuable. We are all equal as souls, but not equal in the marketplace."
“If you want things to get better, you’ve got to get better.”
Commonalities among leaders who sustain excellence: They find something they care about more than themselves, they have a hunger for it, and they work amazingly hard at it. “You’re rewarded in public for what you practice in private.” Steph Curry has taken far more practice shots than game ones. He’s rewarded in public for what he does in private.
How to build confidence: Preparation creates certainty.
“Whatever you hold in your mind on a consistent basis is exactly what you will experience in your life.” The essence of building confidence is this: If you go into a situation knowing that you can handle it – whatever it is – then that's exactly what you'll do.
“A belief is a poor substitute for an experience.” You might believe it’s something you’re going to love, but you don’t fully know until you do it. Get in the arena and do it. See what it’s like. That’s when you’ll learn.
Tony learned NLP from John Grinder (founder of NLP). Neuro-Linguistic Programming. is an approach to communication, personal development, and psychotherapy, that first appeared in Richard Bandler and John Grinder's 1975 book The Structure of Magic I. NLP asserts that there is a connection between neurological processes, language, and acquired behavioral patterns, and that these can be changed to achieve specific goals in life.
“The path to success is to take massive, determined action.”
“Any time you sincerely want to make a change, the first thing you must do is to raise your standards.”
“The power of positive thinking is the ability to generate a feeling of certainty in yourself when nothing in the environment supports you.”
"The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man."― George Bernard Shaw
Tony interviewed a dozen of the world’s most successful investors in private equity, private credit, private real estate, and venture capital. He wanted to learn everything he could about the private markets and investing.
Ray Dalio - Apply diversification across 8-12 uncorrelated investments.
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