MONEY Master the Game by Tony Robbins - A 15-minute Summary & Analysis: 7 Simple Steps to Financial Freedom

by Instaread Summaries

PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.
MONEY Master the Game by Tony Robbins - A 15-minute Summary & Analysis  Inside this Instaread:

• Summary of entire book
• Introduction to the important people in the book
• Analysis of the themes, important people and author style

Preview of this Instaread: Summary:

Money, Master the Game is a book by life coach, Tony Robbins. In this book, Robbins outlines seven strategies anyone can use to invest their money and achieve financial freedom.
Less than fifty percent of Americans currently have any kind of spending or investment plan. In order to achieve financial freedom, Americans need to invest a portion of their income, preferably fifteen percent or more, in the stock market. However, many people do not trust the financial markets. Others simply believe they do not make enough money to afford any kind of savings, let alone make investments.
The first step to financial freedom is shifting from the idea of being a consumer to being an owner. A person must take control of their own financial future by figuring out how much money they can afford to commit to investments. An investor must pick a percentage of their income to invest…

About the Author

With Instaread, you can get the summary and analysis of a book in 15 minutes. We read every chapter, summarize and analyze it for your convenience.

Genres: Finance, Money, Business

28 pages, Kindle Edition

First published January 9, 2015

About the author

With Instaread, you can get the summary and analysis of a book in 15 minutes. We read every chapter, summarize and analyze it for your convenience.

Reviews

[Richard Kuhn · Rating 3 out of 5]

MONEY deserves a higher rating but I just couldn't bring myself to add a fourth star. The primary reason is two fold. First, for a lot of the book, the reader gets the feeling your at the dinner table getting a sales pitch from a hungry salesman. Second, the principle piece of information, asset allocation, has been around for many years. Asset allocation is not a new strategy and is the cornerstone for the other principles discussed.

I'm a big Tony Robbins fan. I think his work shows that he cares deeply for people and this book does nothing to dissuade me from that opinion. MONEY does have people's well being at heart. However, much more so than his other works, MONEY also has the author's wallet size at heart as well. Although he clearly states that the author "currently is in negotiations to become a principle partner" in a couple of his recommendations, at least he's honest about his intentions.

The people he interviewed for this book make up quite a roster of financial experts and the reader can't help but glean information from them. This book is certainly open for debate, and that's one of the things I appreciate about it.

The structure is simple to follow, and the style is easy to understand. If you can remember that you're not getting aluminum siding from a Tin Man when reading it, this book is worth the investment in terms of time and money. There is a useful app that accompanies the book and again that is worth the price of admission. The book is 451 pages so make sure you can live with the sales pitch prior to buying it.

[Debbie Evancic · Rating 3 out of 5]

Robbins gives 7 strategies to use when investing money. Less than 50 percent of Americans currently have any kind of investment plan. He advises getting a fiduciary, instead of a stock broker or fund manager. He writes about the value of annuities and the risk ratio. The subject of lifelong plan is discussed, with the comment, “Knowledge is not power”, execution is (which is so true).

He gives 9 takeaways in the book. Some of his best advice is to let the interest compound and determine what is best for you; mutual funds or index funds. He believes going with the S&P 500 index funds might be preferable over hedge funds, a belief Warren Buffet shares.

He also mentions that time weighted funds calculate, as if you invest the money all at once, when in fact most people invest a little each month, so the calculation of the final total is not accurate.

Robbins gives 6 human needs that define a person’s attitude toward money. These are certainty/comfort, uncertainty/variety, significance, love and connection, growth and contribution, - attitudes that influence a person about their financial situation and how they invest.

It is a good book to read if you are of the age to start investing, or have questions about how you are set up.

[Phillip · Rating 5 out of 5]

This is another excellent summary book from Instaread. This book summarizes the main points of Tony Robins new book Seven Simples Steps to financial freedom. You definitely will want to read this book before reading Tony’s so that you can get the main points of what Tony is trying to say. Then if you want to dig deeper, get tony’s book, otherwise, you just saved yourself some money!

[Elliott Moore · Rating 3 out of 5]

Large sections repeat themselves; you could easily learn the content within the book by researching the topics on youtube.

[Deborah · Rating 5 out of 5]

I have read many financial books on investing. I like the way Tony uses the wisdom of the great investors and makes it accessible to everyone. More importantly, the book focuses on how to live your life with full richness, remembering where you starting, giving gratitude, and paying it forward. Lessons to be shared with all, especially future generations who are influenced by social media.

[Jeremy · Rating 3 out of 5]

When the book is actually teaching, it's a good book. Some interesting stories, but far too many. Finished off with this and that not related fluff .. this book could have been half the pages and still covered the details.

[Gary Taylor · Rating 5 out of 5]

it was an excellent read, I pass the book on to my kids

[A.D. Bollen · Rating 5 out of 5]

Brilliant! A must read for anyone seeking a financial or motivational pick up