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Lewis Howes"I Got RICH When I Understood THIS..."| Tony Robbins & Lewis Howes
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WHAT IT’S REALLY ABOUT
Tony Robbins on Investing Without Fear and Living in a Beautiful State
- Robbins argues that becoming an owner by saving and investing a fixed percentage of income, started early and compounded, is what separates the financially rich from the poor.
- He says market corrections and bear markets are normal, citing a correction on average every year since 1900, and that staying invested, diversifying and avoiding market timing beats trying to predict the market.
- He warns that high fees quietly erode wealth, recommends working with a fiduciary, and describes his partnership with co-author Peter Mallouk and the getasecondopinion.com site.
- Robbins explains his shift from peak state to beautiful state, saying suffering is triggered by thoughts of loss, less and never and is countered by appreciation in place of expectation.
- He shares his health scare with mercury poisoning, his view that choice is a gift, and his three truths: add value to others, enjoy and appreciate life, and love is everything.
IDEAS WORTH REMEMBERING
5 ideasWealth comes from owning, not just earning
Robbins says the rich are owners who keep a percentage of income to grow and compound, and he cites stars who earned fortunes and still went broke as proof that earning alone is not enough.
Start early and let compounding work
He gives the example of a man who invested $300 a month from age 19 to 27 and ended with more than a friend who invested from 28 for his whole life, plus the UPS worker who retired with $70 million.
Fees compound against you
On $100,000 left for 35 years, Robbins says 1% in fees leaves about $762,000 while 3% leaves about $452,000 for the same stocks, so every extra 1% costs roughly a decade of income.
Corrections are normal and staying in the market matters most
He says a correction comes on average every year, 80% never become bear markets, and missing the best 10 or 20 trading days sharply cuts returns, so being out of the market is the most dangerous choice.
Diversify and build a second money machine
Robbins says any single market or business can fall or be disrupted, as TomTom was by free maps on phones, so people should build a separate asset base that needs no time or people.
WORDS WORTH SAVING
5 quotesLife's too short to suffer, and I'm gonna live in a beautiful state every day.
— Tony Robbins
Your happiness will never last as long as it's got expectation behind it.
— Tony Robbins
The stock market never took a dime from anybody. Only you can take it from you. You sold. That's why you lost.
— Tony Robbins
You can't be grateful and angry simultaneously. It's impossible.
— Tony Robbins
If you're gonna be alive and you're not enjoying yourself, you've wasted your life.
— Tony Robbins
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SPEAKERS
Tony Robbins
guestAuthor and motivational speaker known for personal development coaching and financial education books such as Money: Master the Game and Unshakeable.
Lewis Howes
hostHost of the School of Greatness podcast and interviewer/author focused on personal development and performance.
High quality AI-generated summary created from speaker-labeled transcript.
