Renowned life strategist, Tony Robbins, joins This Past Weekend w/ Theo Von to chat about changing perspectives in the new year, quitting bad habits, setting up for financial success, and the power of contribution. They also discuss the impact of working from home, the importance of personal growth, and strategies to combat the negative effects of news consumption.
Read more
AI Summary
Highlights
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Immersive experiences and total commitment are key to creating lasting change.
Identifying and understanding our fundamental human needs can lead to positive changes in our lives.
Creating clear and specific goals is crucial for achieving desired results.
Complete immersion and total commitment are catalysts for lasting change.
Changing our body, focus, and language can significantly impact our emotions.
Investing in a diverse set of non-correlated investments can reduce risk and increase returns.
Deep dives
The Power of Immersion and Commitment
Immersive experiences and total commitment are key to creating lasting change. When we fully immerse ourselves and commit to a process, whether it's attending a seminar or taking on a new project, we can achieve powerful transformations. By dedicating ourselves to the experience and giving it our full focus and energy, we open ourselves up to growth and progress.
Understanding Our Needs and Creating Change
Our behavior is driven by our fundamental human needs: comfort, variety, significance, connection, growth, and contribution. By consciously identifying and understanding our needs, we can begin to create positive changes in our lives. We must be honest with ourselves about our needs and identify any limiting beliefs or fears that may be holding us back. By taking action to meet our needs in healthier ways, we can experience fulfillment and happiness.
The Importance of Setting Clear Goals
Creating clear and specific goals is crucial to achieving the results we desire. When we know exactly what we want and why we want it, we set ourselves on a path to success. It's essential to write down our goals and the steps necessary to achieve them. By focusing on our desired outcomes and taking consistent action, we can make progress and enjoy the journey.
The Power of Immersion and Commitment
Complete immersion and total commitment are catalysts for lasting change. When we fully immerse ourselves in a transformative experience and give our wholehearted commitment, we create a mindset and environment for lasting change. By embracing new practices, ideologies, and experiences, we can transform ourselves and achieve remarkable results.
Changing Your Physiology, Focus, and Language to Change Your Life
To create lasting change, it's important to pay attention to three key factors: your body, your focus, and your language. By changing your physical posture, breathing, and movement, you can alter your biochemistry and shift your emotional state. Similarly, the thoughts and ideas you focus on can greatly impact how you feel. Finally, the language you use, both in your internal dialogue and in expressing yourself externally, can shape your reality and emotional experiences. By consciously changing these three elements, you can make significant strides in transforming your life.
The Three Patterns that Determine How You Feel
When it comes to our emotions, there are three key patterns that influence how we feel: our body, our focus, and our language. The way we use our body, such as our posture, movement, and breathing, directly impacts our emotional state. What we focus on, whether it be positive or negative, greatly influences our emotional experience. Lastly, the language we use, both internally and externally, also plays a role in shaping how we feel. By understanding and consciously modifying these patterns, we can better manage and regulate our emotions.
Exploring the Holy Grail of Investing
Building on his expertise in finance, Tony Robbins delves into the concept of the Holy Grail of investing. This principle involves identifying 8 to 12 investments that are not correlated, meaning they do not move in the same direction. By diversifying your investments in this way, you can greatly reduce your risk while increasing potential returns. The key is to find a diverse set of investments that have distinct and independent performance characteristics. This approach can provide more stability and mitigate the impact of market fluctuations.
Recognizing the Power of Identity and Personal Growth
Tony Robbins explains the importance of identity and personal growth in achieving lasting change. By recognizing and reshaping our identity, we can move beyond limiting beliefs and create new patterns of thought and behavior. Our identity shapes our perception of ourselves and others, and by expanding our identity, we expand our capacity for growth and fulfillment. Embracing personal growth allows us to continually evolve and strive for new levels of success and happiness.
Investing in Private Equity
Private equity has consistently outperformed the stock market over the last 35 years, with average returns of 14.2% compared to the S&P 500's 9.2% average. Investing in private equity firms can yield significant returns, as they typically have longer investment periods and can buy and sell companies based on market conditions. Investors can become limited partners in these firms, gaining access to the potential upside and benefits of ownership.
Owning a Piece of Sports Teams
Owning a piece of sports teams, such as NBA or MLB teams, can be a lucrative investment as sports is non-correlated to the stock market. Sports teams have seen an average annual return of 18% over the past decade, outperforming the stock market. Additionally, team owners benefit from media revenue and other revenue streams, making it a desirable investment option. Legislation changes have made it possible for individuals to own a small piece of multiple sports teams, providing an opportunity for wider participation.
Investing in Private Credit
Private credit, where private equity firms lend money to businesses outside of traditional bank lending, can offer higher returns than conventional bonds. During times of low interest rates, private credit loans can provide higher yields, typically around 9%. By investing in these firms, individuals can earn returns while mitigating some risks associated with fluctuating interest rates, as the loans have higher stability and low failure rates.
Understanding Winter Seasons and Growth
Winter seasons, characterized by economic downturns and uncertainty, are part of natural cycles. Winter creates challenges and separates the weak from the strong. However, it also provides opportunities for growth and innovation. Many successful companies and businesses were formed during economic recessions or depressions. It's important to maintain perspective, cut down on news consumption, and have a plan to thrive during challenging times.
Tony Robbins' Time to Rise Summit
Tony Robbins is hosting the Time to Rise Summit from January 25th to 27th. The summit, which can be attended virtually, offers three hours of daily sessions for three days. It aims to provide participants with new momentum and inspiration for the new year. The summit is free to attend and offers an opportunity to connect with people from around the world.
Tony Robbins is a life and business strategist, entrepreneur, philanthropist, speaker, and best-selling author. His new book “The Holy Grail of Investing” releases on February 13th. He is also hosting a free virtual summit, “Time to Rise” on January 25th - 27th.
Tony Robbins joins Theo to chat about how to change your perspective (for the better) in the new year, what it really takes to quit bad habits, the real reason we reinforce negative feelings, new ways to set yourself up for financial success, how he’s able to pump up 10,000 people for hours on end, and much more.
