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Synopsis
Money: Master the Game – 7 Simple Steps to Financial Freedom, as the title promises, suggests that in 7 simple steps you can reach your financial freedom and become an investor as opposed to a consumer i.e. you won’t be trading your time for money but your money machine will work for you.
Who is this book for?
- Readers who are interested in persuasive and leadership oriented books.
- People who need to use persuasion to generate sales or inspire change.
- Anyone interested to learn how to use why to get desired results.
Meet the author
Anthony Jai Robbins is an American author, entrepreneur, philanthropist and life coach. …. In 2014, he donated the profits of his book, Money: Master the Game, along with an additional personal donation, through Feeding America to provide meals to people in need.
Money Master the Game summary
Make your money do the work for you.
There is a simple way to make a lot more money with a lot less effort. It can be done by letting money work for you. Do this by using compound interest.
It is a form of interest that is calculated on your initial principal and the accumulated interest of previous periods. In this kind of interest, interest is calculated on the sum of the principle and prior period’s interests.
Compound interest is a powerful invention. The moment you understand what compound interest entails, you will wish you started way earlier than now.
So the best time to start on compound interest if you haven’t started yet is NOW!
If you open a retirement account at the age of 20 and invest $4,000 annually for the next 20 years, at 40, you stop funding the account and leave the money to grow in a tax-free environment at the rate of 10% each year until you’re 65, you ended up with almost $2.5 million. The amount is boosted to $2.5 million by compound interest.
Compound interest, over time, is the only sure way to grow your money into crucial financial security. The money increases through compounding.
Your earned income alone cannot take you from where you are to where you want to be. The power of the revenue cannot compare to the power of compounding.
Plan for the long term. The most important financial decision you will ever make is the one to start investing.
When making important financial decisions, don’t think of get-rich-quick schemes. Most people believe that if they work harder, smarter, more extended, they’ll achieve their financial dreams, but the paycheck alone is not enough.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.
You have to take control and harness the exponential power of compounding. It will change your life. You have to move from just working for money to a world where money works for you.
It’s time to get off the sidelines and get into the game, because, you must become an investor if you want to be financially free. Build a business whose only inventory is the money you put into it, and the product is a lifetime of income.
It provides you with financial freedom.
Make sure you know everything there is to know about an investment opportunity before committing any of your money.
It’s not ideal to save your money, get a high return, and reduce your risk.
The process is full of loopholes that can sink your financial future.
Knowing the rules before you get in the game mainly discusses the nine myths of attaining economic freedom that has been considered above 90% of American investors invest in general mutual funds without trying to do the math to find the cost implications from the undisclosed fees.
Money Power Principle. Don’t get in the game unless you know the rules.
Millions of investors worldwide are guided by myths in their decision making instead of learning and using the rules.
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“Remember: we all get what we tolerate. So stop tolerating excuses within yourself, limiting beliefs of the past, or half-assed or fearful states. Use your body as a tool to snap yourself into a place of sheer will, determination, and commitment. Face your challenges head on with the core belief that problems are just speed bumps on the road to your dreams.”
― Anthony Robbins, MONEY Master the Game: 7 Simple Steps to Financial Freedom
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