Tony Robbins’ 7 steps to financial freedom
The path to financial freedom
Bestselling author, entrepreneur, and philanthropist Tony Robbins offers key methods for achieving financial freedom in his new book, Money Master the Game: 7 Simple Steps to Financial Freedom. Here are his 7 strategies for successfully achieving financial freedom.
(Plus: Tony Robbins wants to be the new voice for independent advisers)
“You have to make the shifts from being a consumer in the economy to being an owner,” writes Mr. Robbins. “And you’ll do it by becoming an investor.”
Know the rules of sound investing before you get in the game. Why? “Most danger,” says Mr. Robbins, “lies in the fact that what you don’t know can hurt you.”
What’s the price of your dreams? Mr. Robbins advises investors to turn their dreams into tangible, segmented financial goals. Then they’ll begin to seem attainable.
According to Mr. Robbins, asset allocation is the most important financial decision you’ll ever make. Why? Asset allocation is how you stay wealthy.
“Without a doubt,” Mr. Robbins writes, “our lives are shaped by the seasons and events through which we live, but more importantly, it’s the meaning we give those events that will determine our trajectory.”
Mr. Robbins advises readers to follow the investment strategies of the ’12 greatest minds in finance,’ like Warren Buffett, T. Boone Pickens, and Carl Icahn, to name a few. Their strategies will prepare you for the best and the worst of financial times.
At the end of the day, we all have a hidden asset, writes Mr. Robbins: “Connect[ing] to the truth that the future is a magnificent place.”
This article was originally posted Investment News.
Hear from Richard Kiyosaki’s Wife, Kim
What is Financial Freedom?
As you work towards your goals this year, you may have already run into some challenges. Well, congratulations! This is part of the valuable, learning process in achieving your dream… but this is only the beginning of your journey to financial freedom, and …
What is financial freedom?
Financial freedom is much more than having money. It’s the freedom to be who you really are and do what you really want in life. And many of us, especially women, lose site of this by putting others first and playing many different roles such as parent, spouse, employee, friend, and more.
If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past. It’s a process of growth, improvement and gaining spiritual and emotional strength to become the most powerful, happy, and successful “you” possible. That is the true reward of financial freedom.
Money Does Not Make You Rich.
Just because you have money does not mean you have financial freedom. In It’s Rising Time!, I talk about how people like Ed McMahon from The Tonight Show and Nicole Murphy, the ex-wife of actor Eddie Murphy, had millions of dollars and lost it all. Nicole Murphy spent her $15-million divorce settlement in less than four years. And towards the end of his life, Ed McMahon faced foreclosure on his Beverly Hills home and owed $747,000 in credit-card debt.
Both of these examples illustrate that even if you have a lot of money, if you don’t know what to do with it, it will be gone.
And ladies, do any of these statements sound familiar?
- I will find a rich man to take care of me.
- I don’t want to deal with finances and will ignore it.
- I’ll take the easy road today and deal with the consequences in the future.
If so, you are not alone as these are common choices women make. But if you don’t take financial matters into your own hands, your chances of having a secure, financial life are slim. The good news is that it’s not rocket science.
You can take control of your situation, no matter what it is, and enjoy financial freedom.
Enjoying the rewards of financial freedom is simply a matter of increasing your financial education and determining where you are now financially and where you want to go.
To start your journey, check out the Triple A Triangle™ from It’s Rising Time! I’ve broken down the process into three, easy-to-understand areas that include: Aspire to achieve a goal, Acquire knowledge and Apply what you’ve learned to be successful.
I know it can be scary to make change happen, but think about it: if you don’t take action now, what does your financial future really look like?
What is financial freedom? Get more information about our financial education resources and It’s Rising Time! here. And if you have some encouraging words to share with others about your financial freedom journey, please share them below.
This article was originally posted Rich Dad Poor Dad.