015 Tony Robbins, Unshakable - book review
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Unshakable" rel="noopener noreferrer" target="_blank">Unshakable - Tony Robbins
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Hands up, who wants to retire a millionaire? In this episode of the Online Business Podcast, I'm going to share a quick book review with you, which guarantees you to retire a millionaire. Even if you don't start a business, if you just work a job, this can work for you too. It does, however, work better if you start...
In this episode, I'm going to share with you a book called Unshakeable, and the author, Tony Robbins. Now if you haven't heard of Tony Robbins, where the hell have you been living? This guy is like a multi squillionaire. He has rubbed shoulders with the richest of the rich, the biggest of the... biggest and he has changed more lives than anyone that I know.
In this book he's interviewed 50 of the world's greatest financial minds and Tony's bringing a step by step guide here to financial freedom. He's written the book with Peter Malouk, the only man in history to be ranked the number one financial advisor in the U. S. for three consecutive years by Barron's and this book will transform your Life if you choose to use it now, I'm only halfway through this book But I've got to put something out there because it is gold Now, let me give you the short version.
It's about investing your money certain portion of your income goes into stocks if you invest a certain portion of your earnings over time the compounding interest will make you a millionaire by the time you retire see It's more important that you start young with this because you need the years to build up the amounts if you give this book to your kids That's that's the one of the best things you can do here for me.
I'm in my 40s It's a little bit later, but let me give you an example of how this could help your kids if they're just leaving school, for example, and they start paying in using this system for, say, about eight years, and then they stop paying into the system altogether. By the time they retire, they will be a millionaire.
So it doesn't take. Too long or too much money going in, but you have to put the money in and leave it alone. No matter if the stock market crashes, goes up or down, doesn't matter, whatever. The end of the day, compounding interest over the years, you leave it there. By the time you retire, who needs a pension?
Not you if you follow this system. It's just about investing in low cost index funds. And leaving it alone, uh, you have to make sure you find the right fiduciary. Um, it's different in the UK than the US. In the US you can have brokers and fiduciaries, and they're two different things, and they wear. The same hat and they switch between them and they can rip you off, but in the UK, that's not allowed.
They're basically just fiduciaries where they have to have your best financial interests at heart and act accordingly. But whatever. You need to get this book if you're interested in investing. It is a literal gold mine. I'm gonna put a link directly to the book in the show notes. So...