Tony Robbins, renowned motivational speaker and author, shares insights on investing without fear. He explains market corrections versus crashes and advocates becoming an investor and owner despite fear of losses. Learn about the least risky investment strategy to become a millionaire and the importance of understanding stock market patterns.
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Quick takeaways
Becoming a financial owner is crucial for millennials, who are hesitant to invest due to the fear of failure and the 2008 financial crisis.
Market corrections should be expected and prepared for, as they happen about once a year and can be potential opportunities for financial growth.
Deep dives
Importance of Keeping Girls in Sports
According to research, 45% of girls quit sports by the age of 14 due to concerns about their appearance. This shift from ability to looks makes sports intimidating for girls. To address this issue, Dove and CVS have created resources to help teen athletes thrive.
The Fear of Investing
Many millennials are hesitant to invest due to the fear of failure, particularly after witnessing the 2008 financial crisis. However, paying off debt alone is not enough; becoming a financial owner is crucial. Learning the rules of the investment game is vital to avoid making costly mistakes.
Navigating Market Corrections and Bear Markets
Market corrections, which happen about once a year, should be expected and prepared for. On average, corrections last for 56 days and result in a 14% drop. However, only 20% of corrections develop into bear markets. Bear markets occur every three to five years, lasting around one year with an average drop of 33%. It's important to remember that every bear market is followed by a bull market, making it a potential opportunity for financial growth.
Tony Robbins shares his insights on investing without fear. He explains market corrections versus crashes, says winter is coming for the markets but you can be prepared. Robbins advocates becoming an investor and owner despite fear of losses. He gives historical stats showing long term gains for those who stay invested.