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Tony Robbins 7 Simple Steps to Financial Freedom

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People make several mistakes when saving and investing for retirement, and one of the biggest ones is not getting started because they think they need a large sum of money to begin, says Tony Robbins, 54, an inspirational speaker and best-selling author.

What you want is at least"a small amount of money you consistently invest," says Robbins, author of a new 656-page book, Money: Master the Game: 7 Simple Steps to Financial Freedom. It includes information from his interviews with more than 50 top financial experts including Charles Schwab, Carl Icahn, Warren Buffett, Steve Forbes, hedge fund manager Ray Dalio and Vanguard founder John Bogle. After researching the new book, Robbins developed what he calls the seven steps to financial freedom. Those are:

Step 1. Make the decision to become an investor, not a consumer. Step 2. Become an insider on investing. Step 3. Make the game winnable. Step 4. Evaluate your asset allocation. Step 5. Create a lifetime income plan. Step 6. Invest like the .001%. Step 7. Just do it, enjoy it and share it.
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stacy.keegan
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We all know the feeling—the panic that sets into your stomach when you see the bill for an unexpected car repair. How are we going to pay for that? But what if a car repair was just an inconvenience? Instead of worrying, you pay the bill without thinking twice. A week later you’ve forgotten that it even happened! That’s how little it affects your financial situation. It’s not an emergency. It’s barely a hiccup!

Do you feel that sense of relief? That’s what financial freedom feels like.
10 mths
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How does one achieve financial freedom?
10 mths
preeti.sukha
preeti.sukha followed this discussion
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The truth is that it is a process that cannot happen overnight (unless you win the lottery) and that takes time and a good financial plan. Here are a few tips that will help you reach financial freedom. You can choose which of them are the most suitable for you, however, if you try to stick to all of them you might achieve your final goal much easier and quicker.
10 mths
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I really do agree with number 2 but what you don't know will hurt you in the financial world. But once you know these things, you'll be able to take advantage of the system instead of having the system take advantage of you.
10 mths
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It is easier to map your road to financial freedom if you have a clear financial plan. There are a few steps that you need to complete in order to elaborate a robust plan that will lead you to financial freedom
10 mths
jennifer-morrisonyoussef-samaha-1blake-karon
jennifer-morrison, youssef-samaha-1, blake-karon and 7 other people started following this discussion
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Start tracking the way you spend your income. You can use different apps that can help you with that or simply keep a journal of what you have earned and what you have spent.
10 mths
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You won’t be able to truly understand money and manage your finances unless you are financially literate. Hence, it is worth investing some of your time and money in order to acquire that knowledge. Whether you will buy some books to read or enroll in an online course, you can only benefit from the skills you will learn. You will have a different approach to money and the financial situations related to them. You will learn to find new opportunities for investment and growth. You will learn how to add value to the things you do while making money as well. At the end of the day, you will be equipped with the right tools to embark on the way to financial freedom and eventually achieve it.
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Consider the best option of additional income that will actually give you the desired financial independence. No matter which form of investment you will choose – more traditional or alternative, make sure to consult a financial expert who will help you with financial advice.
10 mths
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I would say start eliminating your debt. Get into the habit of paying all your credit card bills in full at the end of the month. Make a budget and really stick to it – using an app is a smart way to do it. Look at your prospective income and expenses in order to forecast how much money you will be left with at the end of each month or year.
10 mths
ana-cookwesley-kellyrobert.smith
ana-cook, wesley-kelly, robert.smith and 7 other people started following this discussion
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I believe timing is Everything:

If you ask for a raise during the wrong season or after an expensive reorganization then you will be shot down every single time. Try broaching the topic of a raise during your company’s highest grossing months or after some sort of positive event like a successful product launch.
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To be financially free means to be able to meet an unexpected expense without that ruining your monthly balance. One of the ways to do that is by establishing an emergency fund. In the ideal case, you will have sufficient funds to cover a full year of your usual expenses. This cannot be achieved in a whip but is done gradually.
10 mths