We Study Billionaires - The Investor’s Podcast Network

Classic 02: Tony Robbins’ Book – Money, Master the Game

Jan 11, 2022

Dive into Tony Robbins' transformative insights on financial independence and the myths surrounding money management. The discussion highlights the key traits of billionaires and their commonalities, showcasing invaluable advice for success. Discover the importance of informed long-term investments and the misconceptions around mutual funds. The conversation also critiques gold investments versus equities, while emphasizing the role of lifelong learning in achieving wealth. Finally, explore how philanthropy can enrich both financial success and personal fulfillment.

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ANECDOTE

Tony Robbins' Difficult Upbringing

Tony Robbins had a difficult upbringing marked by an abusive relationship with his drug-addict mother.
At 17, he was chased out of the house and became a janitor before turning his life around.

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ANECDOTE

Jim Rohn's Influence

Jim Rohn, a motivational speaker, mentored a young Tony Robbins, teaching him the value of self-investment and studying successful people.
Robbins promoted peak performance coaching, wrote the bestselling book Unlimited Power, and now has a net worth of $480 million.

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ADVICE

Become an Owner

Shift your mindset from being a consumer to an owner by becoming an investor.
Investing transforms you from passively consuming to actively owning assets and creating value.

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Tony Robbins: From Struggles to Financial Empowerment

01:57 • 14min

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Navigating Financial Tools and Career Advancement

16:26 • 3min

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Demystifying Investment Returns

19:53 • 15min

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Navigating Flexibility in Asset Allocation

35:09 • 6min

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Investing Insights: Beyond Gold

41:28 • 16min

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The Lifelong Learning of Billionaires and Upcoming Literary Insights

57:40 • 4min

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How to Win Friends and Influence People

Dale Carnegie

First published in 1936, 'How to Win Friends and Influence People' by Dale Carnegie is a timeless guide to improving interpersonal skills. The book is divided into four main sections: Six Ways to Make People Like You, Twelve Ways to Win People to Your Way of Thinking, and Nine Ways to Change People Without Giving Offense or Arousing Resentment. Carnegie's principles emphasize the importance of genuine interest in others, active listening, and avoiding criticism and argument. The book offers practical advice on how to build strong relationships, communicate effectively, and influence others by aligning their self-interest with yours. It has been a cornerstone of personal development and business success for generations.

The Power of Positive Thinking

Norman Vincent Peale

Published in 1952, 'The Power of Positive Thinking' is a classic self-help book that emphasizes the importance of maintaining a positive mindset to overcome life's challenges. Dr. Peale provides practical techniques such as affirmations, visualization, and faith to help readers build self-confidence, achieve their goals, and improve their personal and professional relationships. The book is rooted in Christian ethos and uses biblical teachings to guide readers towards a more fulfilling and joyful life.

In 'Unlimited Power: A Black Choice,' Anthony Robbins and Joseph McClendon III offer a unique program for success, addressing the specific needs and challenges faced by African Americans. The book provides guidance on eliminating fears and phobias, improving health and energy, enhancing relationships, and becoming a persuasive communicator. It also covers topics such as the seven lies of success, duplicating the success of others, and determining one's values to achieve personal and professional goals.

Influence

The Psychology of Persuasion

Robert Cialdini

In this highly acclaimed book, Dr. Robert B. Cialdini explains the psychology behind why people say yes and how to apply these insights ethically. The book outlines six universal principles of influence: Reciprocation, Commitment and Consistency, Social Proof, Liking, Authority, and Scarcity. The new and expanded edition includes a seventh principle, Unity, along with new research, insights, and examples. Cialdini uses memorable stories and relatable examples to make the subject accessible and easy to understand, helping readers become more skilled persuaders and defend themselves against unethical influence attempts.

MONEY Master the Game

7 Simple Steps to Financial Freedom

Tony Robbins

In 'MONEY Master the Game: 7 Simple Steps to Financial Freedom,' Tony Robbins provides a comprehensive blueprint for securing financial freedom. The book is based on extensive research and interviews with legendary investors such as Warren Buffett, Ray Dalio, Carl Icahn, and John Bogle. It outlines seven steps: making the most important financial decision of your life, becoming an insider by knowing the financial rules, making the game winnable, making the most important investment decision, creating a lifetime income plan, investing like the top 0. 1%, and taking action. The book emphasizes the importance of education, diversification, and developing the right financial strategies to achieve long-term financial security and freedom.

Think and Grow Rich

Napoleon Hill

Published in 1937, 'Think and Grow Rich' is a seminal work in the self-help genre. The book is the result of over twenty years of research by Napoleon Hill, who studied the habits and achievements of more than 500 successful individuals, including Andrew Carnegie, Thomas Edison, and Henry Ford. Hill distills their wisdom into thirteen principles that, when practiced with persistence and faith, can transform dreams into reality. These principles include the power of desire, faith, specialized knowledge, organized planning, and the role of the subconscious mind. The book emphasizes the importance of maintaining a positive mental attitude, setting clear and specific goals, and taking consistent action to achieve success. It also explores the concept of the 'Master Mind' alliance and the need to overcome fears and doubts to achieve one's objectives.

IN THIS EPISODE, YOU'LL LEARN:

01:10 - Who is Tony Robbins and what is his book “MONEY – Master the Game” all about?
12:03 - Common financial myths.
46:29 - The best advice from billionaires.
58:49 - What do billionaires all have in common?

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Our interview with Tony Robbins - We Study Billionaires Episode 210.
Check out our five-page executive summary of the book, Money: Master the Game.
Tony Robbins’ book, Money: Master the Game – Read reviews of this book.
Tony Robbins’ book, Unlimited Power – Read reviews of this book.
Preston, Trey & Stig’s tool for picking stock winners and managing our portfolios: TIP Finance Tool.
New to the show? Check out our We Study Billionaires Starter Packs.

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