Sometimes it’s easy to feel like you’re doing a good job with money and finances if you’re able to keep a roof over your head, feed yourself and pay your bills. But what if you want to do more than just survive?
So what can you do to ensure that you can afford to buy a house, send your children to a good college and enjoy a comfortable retirement? We all know it’d be wise to start saving and investing a little bit right now.
Here are some tips Tony Robbins has for us in this book:
- Compound interest means it’s never too early to invest.
- Focus on avoiding losses rather than earning big gains, and know that the market is unpredictable.
- When investing, find a balance between low risk and high reward and use falling prices to your advantage.
- A smart investor uses knowledge of taxes to make better decisions.
- A diverse portfolio will help protect you against changing trends and market crashes.
- Following your instincts can lead to bad decisions, so stay disciplined and use a checklist.
In this book you’ll learn
- why focusing on losing rather than winning will serve you well;
- why financial-market disasters might be a good time for investing;
- and that you might have to fight your biology for the sake of your wallet.