Are You Ready to Master the Financial Game with Tony Robbins?

In the ever-changing landscape of the stock market, one thing is certain - no one can consistently predict its future course.  I found this book very interesting and it added so much more to my thinking brain on Financial games. Despite this uncertainty, the pursuit of financial success and wealth remains a priority for many. Renowned life coach and financial guru Tony Robbins advocates a unique approach to financial success that emphasizes controlling what you can control and harnessing the power of compounding investments. In his book "Unshaken," Robbins provides invaluable insights and strategies to navigate the unpredictable world of finance and achieve true financial freedom. In this article, I will share my personal insights on how this has benefited me and I hope it will also do to you. 

Financial insecurity is one of the main sources of anxiety in contemporary life. People dream of having the “peace of mind” of knowing that they can meet their needs and supply some comforts for themselves and their families without worrying about a sudden recession or financial demand.

Controlling What You Can Control

Tony Robbins understands that attempting to predict the market's twists and turns is a futile endeavor. Instead, he emphasizes the importance of focusing on what you can control. The key to winning the financial game lies in taking charge of your financial decisions and not being swayed by market fluctuations. Rather than reacting emotionally to short-term market movements, adopt a long-term perspective that aligns with your financial goals. 

Compounding Investments: The Path to Wealth

The secret to building wealth lies in the power of compounding investments. Robbins encourages readers to start early and remain consistent with their investments over time. By allowing your investments to compound and grow over the course of your lifetime, you can harness the potential of exponential growth. This approach takes advantage of the time value of money, making even small contributions significant in the long run. I also wrote an article on how to maximize your investment. You may want to check this out. 

Diversification: A Shield Against Market Downturns

Market downturns are an inevitable part of investing. However, you can protect yourself against their impact by building a portfolio that is broadly diversified globally. Diversification spreads your risk across various asset classes, reducing your exposure to individual market fluctuations. It is essential to choose assets that align with your risk tolerance and financial goals, providing stability during market turbulence.

Understanding the True Cost of Investing

Many investors are unaware of the fees they pay to financial services companies for managing their investments. These fees can significantly impact your overall returns over time. Robbins emphasizes the need to be vigilant about fees and consider low-cost investment options. By minimizing fees, you can retain a more substantial portion of your returns and accelerate the growth of your investments.

Building Trustworthy Relationships with Advisors

The financial industry has faced its fair share of scandals and mistrust. As a result, people widely - and often rightfully - distrust their financial advisors. Robbins advises investors to thoroughly research and vet their advisors before entrusting them with their hard-earned money. Choose advisors who prioritize your financial goals and align their interests with yours.

Balancing Risk and Reward

Investing inherently involves risks, and not all investments guarantee success. Robbins advises evaluating the risk and reward ratio of every investment. Determine if an investment's potential rewards outweigh its risks and if it aligns with your financial objectives. Taking calculated risks can lead to substantial gains, but it is crucial to be mindful of your risk tolerance and invest accordingly.

Aligning Your Assets with Your Goals

Your portfolio should mirror the nature of your financial goals. Assess your long-term financial objectives and ensure that your investment strategy aligns with them. For instance, if you seek stability and regular income during retirement, prioritize income-generating assets. If growth is your primary focus, allocate more resources to assets with higher growth potential.

Overcoming Fear in Volatile Times

In times of market volatility, fear can cloud our judgment and push us toward impulsive decisions. Robbins cautions against making financial decisions based on fear and encourages a disciplined approach. Avoid reacting emotionally to market fluctuations and focus on your long-term financial plan. Stay unshaken and trust in the strategies you have carefully devised.

Financial Freedom: Living Life on Your Terms

The ultimate goal of sound financial planning is to achieve true financial freedom. Financial freedom means having the resources to live life on your terms, without being held back by financial constraints. By taking control of your financial decisions, compounding investments wisely, and safeguarding your portfolio, you can attain the freedom to pursue your dreams and aspirations.

In "Unshaken," Tony Robbins presents a comprehensive guide to mastering the financial game. His principles emphasize controlling what you can control, harnessing the power of compounding investments, diversifying your portfolio, and understanding the true cost of investing. Robbins advocates for building trustworthy relationships with advisors and aligning your assets with your goals. In volatile times, he encourages investors to overcome fear and stay committed to their long-term financial plans. By adopting these strategies, you can work towards achieving financial freedom and living life unshaken by the uncertainties of the financial world.  I hope this article gave you something to chew onward your financial journey.  If you have some comment, please feel free to write down below or leave me an email.

About the author 

Jack Marbida is a husband to his wife Wene and a father of 2 little boys Isaac and Israel, he is a financial advisor, speaker, and writer who helps families be financially stable and grow their relationships. He works with families to help them reach their goals by teaching them about financial literacy and helping them develop a healthy relationship with money.

He has been featured in Sun Life Financials and others for his work as a financial coach. He is also the founder of Online Advisors Financial Education, which provides free educational content through blogs and videos.

Jack speaks at conferences across the Philippines on topics such as family finances, and personal and professional growth.  

You can contact Jack Marbida through his social media accounts or email him at papajackph@gmail.com.

Cheers!