I’m still pinching myself to see if it’s all a dream or reality. I’ve been putting this out there for a few years now, assuring myself that one day soon I’ll be able to speak with this incredible man.
I had the privilege of speaking with Tony Robbins, whom I have respected and learned so much about self-development from over the last decade.
I spoke with Tony for half an hour this morning, and this amazing human being shared with me an incredible amount of unforgettable advice that was too good to keep to myself, so I’m sharing the audio podcast and key takeaways from his new book, Money: Master the Game, Life, Love, Coaching, and Giving Back! Enjoy!
1. Use Asymmetrical Risk Reward: “98% of the best investors and business builders on earth do not take huge risks.” They use a technique known as “asymmetrical risk-reward.”
Asymmetrical risk-reward means they take the least amount of feasible risk in order to reap the most return. If they’re going to take a risk, they want to take as little risk as possible in order to reap the most rewards.
When it comes to his personal life, Richard Branson is a risk taker, but not when it comes to business investing. Richard’s number one business question is, “How can I protect the downside?”
When he was developing Virgin America. He went to Boeing and created an agreement that stated, “If I lose, if I fail, I get to return these jets in two years with no obligation; it will cost me nothing.” He took no risk with no downside, and he hit a grand slam home run, like he has many times before.”
2. Financial Advice for the Next Generation:
“It’s not just about being patient with your investments; it’s also about managing your money well.” If you’re a millennial, you may start with little money and watch it grow.”
Albert Einstein stated that comprehending this geometric effect is one of the most important things to learn in humanity, yet most people do not, so start playing it intelligently now.
Most individuals overestimate what they can accomplish in a year but vastly underestimate what they can accomplish in a decade. I’m here to inform you that it will be a decade before you “snap” your fingers.”
3. Here’s How to Be Successful in Any Industry:
“There’s no replacement for putting oneself out there and having to deliver.” The greatest competitive edge in business is honesty. The ultimate breakthrough occurs when you can do and offer something that no one else can.”
4. Finding Better Ways to Give to the World: “During the next 90 days, you will be sent out to study topics that you believe might touch or move you, and you will go and see what other people are doing in the contribution arena and see what triggers you.”
Start off on a 90-day adventure in which you go and do something as part of what someone else is doing once a week to discover what impacts you the most. Once you’ve determined what interests you most, you might brainstorm: what is the first method I can engage in and give back in that specific area? Then simply get started.
Put yourself in that situation and look for something that moves you emotionally. There are so many wonderful things that could happen to you, but it must be something to which you personally connect, and you can only know that by experiencing it.”
5. Tony Robbins “Hypothetical” Last Ever 30-Second Speech to the World:
“Life is love, and love is an act; it’s not a thought, and you only have so much time while you’re alive.” Consequently, the more you can make love the driving force in your decision-making, the more likely it is that you will make decisions that not only fulfill you but also make your life worthwhile.
“Not everything in life is cheerful, and not everything in life is easy, but you can have more than just happiness; you can have a life that is important, and you can have a life that matters if you allow love and contribution to be the driving forces in your life.”