Money Master the Game
Written By: Tony Robbins
Read By: Tony Robbins
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Tony Robbins has coached and inspired more than 50 million people from over 100 countries. More than four million people have attended his live events. Oprah Winfrey calls him “super-human”. Now for the first time – in his first book in two decades – he’s turned to the topic that vexes us all: How to secure financial freedom for ourselves and our families.
Based on extensive research and one-on-one interviews with more than 50 of the most legendary financial experts in the world – from Carl Icahn and Warren Buffett, to Ray Dalio and Steve Forbes – Tony Robbins has created a simple seven-step blueprint that anyone can use for financial freedom.
Robbins has a brilliant way of using metaphor and story to illustrate even the most complex financial concepts – making them simple and actionable. With expert advice on our most important financial decisions, Robbins is an advocate for the listener, dispelling the myths that often rob people of their financial dreams.
Tony Robbins walks listeners of every income level through the steps to become financially free by creating a lifetime income plan. This book delivers invaluable information and essential practices for getting your financial house in order.
MONEY Master the Game is the book millions of people have been waiting for.
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Money Master the Game. 7 Simple Steps to Financial Freedom by: Tony Robbins
Audio Book Summary
Tony Robbins is an American author. Among his bestselling books is the New York Times Bestseller “Total Transformation of Your Money” and “Entrepreneurship”. He has positioned himself as a writer and lecturer on financial education.
The basis of your financial education is based on 7 steps that will lead you to freedom. Here is a brief introduction to each of the steps, however, you should listen to the book to achieve the full understanding of what Tony Robbins Seek to share.
The freedom that is spoken, not necessarily refers to being a millionaire, but to get rid of financial problems and therefore the concerns that entails.
Step # 1: Save $ 1000 quickly to start your emergency fund: Emergencies will happen, it is only a matter of time. Having $ 1000 saved for an emergency will help you start your financial freedom plan with a small mattress for the unforeseen. Step # 2: Pay all your debts with the “Snowball” Make a list of all your debts and sort them from lowest to highest (do not include the mortgage). Smaller debt should be your priority. Strike with all that you have that small debt until you pay it. Then with the money you paid the first debt begins to pay the second smallest and so on. The goal is to get out of debt completely. Organizing your debts from low to high will allow you to pay the smallest bills quickly which will give you small wins that will help you stay in the plan.
Step # 3: Increase your Emergency Fund to 3 to 6 months of expenses At this point your emergency fund should be $ 1000. After paying all your debts you should have a much more comfortable cash flow. With that money you save until you increase your emergency fund of 3 to 6 months of expenses. This will give you an awesome peace knowing that you have 6 months of expenses saved in case of a contingence.
Step # 4: Invest 15% for your Retirement: you must start saving and investing at least 15% of your gross retirement income.
Step # 5: Save for Your Child’s University
Step # 6: Pay the Mortgage Quickly: At this point you already have 6 months of expenses in your emergency fund, you save 15% of your money monthly and invest it for your retirement and allocate a little for the education of your children. The next step is to make incremental payments at your home to pay for it ahead of time. You are already close to a life without mortgage payment.
Step # 7: Build your wealth and give generously: A person without debts of any kind, should have a substantial cash flow every month. At this point you divide your cash flow into three parts (they do not have to be the same, you will decide how you divide them) for the following: The first one is Enjoy your money in whatever makes you happy. Save, and give generously.
In conclusion, it is a book written for the average reader, it does not try that you break your head trying to understand complex concepts, but it tries to simplify things and take of the hand step by step in the process of achieving financial independence that is something that any Person wishes.