Money: Master the Game

Tony Robbins
Money: Master the Game - Book Cover
By Tony Robbins

Why Read This Book?

“Money is nothing more than than a reflection of your creativity, your capacity to focus, and your ability to add value and receive back.”

Tony Robbins

This book can help you if:

  • You want to become financially free.

  • You want to learn about investments.

  • You want to effectively take control of your money.

  • You want to clearly define your financial needs and set up steps to obtain what you want.

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Short Summary

 

In a nutshell: Tony Robbins helps you to take the next level to bring massive changes in your financial life. Enabling you to become aware of options that you probably didn’t think of yet, this book offers you the opportunity to financially get and build what you want.

The book is based on 9 key aspects:

1. Compound interest

Compound interest is probably one of the best long-term investment solutions. It makes your money work for you instead of sitting on your bank account and doing nothing. The earlier you start, the better.

Yes you might, some guidance to figure out how it works (which Robbins gives you), but once you understand some of the notions and the process (no need to become an expert), you will be able to start investing in compound interest, even if you’re in your 20’s! (yes, yes!)

2. Tax-deferred accounts

From what I understood, this aspect might depend on where you live, because Robbins refers to American notions like the 401(k)s. But even though you live in Europe, this part will still bring you some crucial information about how to deal better with retirement plans and accounts.

3. Measure your finance

If there is ONE basic lesson to remember from this book, it is probably this one. If you want to control your money and make it work for you, you need to know where every cent goes. From what you earn, to what you spend and invest, once you set up a clear budget, you will be able to measure your finances, and so to control them.

4. Cut 3 expenses

Don’t try to solve all of your financial problems at once. Instead, take a few minutes to decide which expenses you will cut, and stay committed to it, the rest will follow.

5. Become recession-proof

How can you avoid a financial crash if the economy crashes as well? Develop your skills, keep learning, and make yourself more valuable than other people on the market.

6. Don’t try to time the market

If you don’t know how to play poker and you decide to start, you will probably not go to the expert table immediately. Well, that’s the same with the market. If you try to time the market, then you will start competing with the best investors and financial experts, and there is a high chance that you lose if it’s not your main passion.

7. Help others

The more you give, the more you receive. It’s one thing to make money, but if you don’t know how to help others and be there for them, money won’t be the solution to create meaningful relationships into your life.

8. Achieve

Knowledge is useless if you don’t integrate it and apply it to your daily life. You can read all the books you want; they won’t help you unless you decide to execute some of their lessons and advice.

9. Financial stress will always be here

Even the richest people have experienced financial stress on different levels. So believing that becoming rich will make financial stress disappear is an illusion. However, the sooner you accept it as a part of your life, the easier it will be for you to cope with it and use it to your advantage.

Other points that you can learn from the book:

  • Create a clear and detailed vision of the financial life you want to have.
  • Become more valuable by doing and finding out what you truly like and want for yourself.
  • Create a massive mindset change regarding your relationship to money.

Review

Because of this book, I decided to start investing in compound interest. This ‘small’ step, made me realize that investment isn’t something that the ‘others’ or the ‘rich’ people can do, but rather something that is available to anyone if you are committed to stepping out of your comfort zone for your best interest.

If you have already some knowledge regarding finances or don’t know anything about investments, then I believe that this book crossed your path at the right time. However, if you have no knowledge at all about finances and your relationship about money, I’d advise to first check The Secrets of the Millionaire Mind by T. Harv Eker.

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Money: Master the Game - Book Cover
By Tony Robbins
Tony Robbins

Anthony Jay Robbins (1960) is an American philanthropist, life coach, public speaker, and author. He is known for his infomercials seminars and self-help books like Unlimited Power (1987) and Awaken the Giant Within (1993) among others. In 2015 and 2016 Robbins was listed on the Worth Magazine Power 100 list. His seminars are organized through Robbins Research International.