The Final Secret of Wealth...

...THE SECRET TO LIVING IS GIVING.

                      Section 7          Just do it, enjoy it and share it!

                      Chapter 7.1      The future is brighter than you think

                      Chapter 7.2      The wealth of passion

                      Chapter 7.3      The final secret

This chapter is the last but not the least, and presents a befitting climax to the message of this great book of wealth and financial information- Money, Master The Game.

Tony says, “This book has never really been just about money. What it’s really about is creating an extraordinary quality of life- life on your terms. Until now we’ve zeroed in on how to master the game of money and financial independence because money can have a significant effect on everything from our psychology, to our health, to our intimate relationships. But it’s important to remember that it’s impossible to live an extraordinary life if you don’t also master the game of relationships, the game of fulfilment, and the game of health.”

The Final Secret of Wealth...

...THE SECRET TO LIVING IS GIVING.

                      Section 7          Just do it, enjoy it and share it!

                      Chapter 7.1      The future is brighter than you think

                      Chapter 7.2      The wealth of passion

                      Chapter 7.3      The final secret

This chapter is the last but not the least, and presents a befitting climax to the message of this great book of wealth and financial information- Money, Master The Game.

Tony says, “This book has never really been just about money. What it’s really about is creating an extraordinary quality of life- life on your terms. Until now we’ve zeroed in on how to master the game of money and financial independence because money can have a significant effect on everything from our psychology, to our health, to our intimate relationships. But it’s important to remember that it’s impossible to live an extraordinary life if you don’t also master the game of relationships, the game of fulfilment, and the game of health.”

Learn From The Masters: Invest Like The 0.001%

Section 6          Invest like the 0.001%: The billionaire’s playbook

Chapter 6.0 Meet the masters

Chapter 6.1 Carl Icahn: Master of the universe

Chapter 6.2 David Swensen: A $23.9 billion labor of love

Chapter 6.3 John C. Bogle: The Vanguard of investing

Chapter 6.4 Warren Buffet: The Oracle of Omaha

Chapter 6.5 Paul Tudor Jones: A modern day Robin Hood

Chapter 6.6 Ray Dalio: A man for all seasons

Chapter 6.7 Mary Callahan Erdoes: The trillion-dollar woman

Chapter 6.8 T. Boone Pickens: Made to be rich, made to give

Chapter 6.9 Kyle Bass: The master of risk

Chapter 6.10 Marc Faber: The billionaire they call Dr Doom

Chapter 6.11 Charles Schwab: Talking to Chuck, the people’s broker

Chapter 6.12 Sir John Templeton: The greatest investor of the 20^th century

We have come a long way now from the first part of this book review series.

Here, Tony interviews twelve investing icons.
He starts at ‘Meet the masters’ with four common obsessions they all share:

Learn From The Masters: Invest Like The 0.001%

Section 6          Invest like the 0.001%: The billionaire’s playbook

Chapter 6.0 Meet the masters

Chapter 6.1 Carl Icahn: Master of the universe

Chapter 6.2 David Swensen: A $23.9 billion labor of love

Chapter 6.3 John C. Bogle: The Vanguard of investing

Chapter 6.4 Warren Buffet: The Oracle of Omaha

Chapter 6.5 Paul Tudor Jones: A modern day Robin Hood

Chapter 6.6 Ray Dalio: A man for all seasons

Chapter 6.7 Mary Callahan Erdoes: The trillion-dollar woman

Chapter 6.8 T. Boone Pickens: Made to be rich, made to give

Chapter 6.9 Kyle Bass: The master of risk

Chapter 6.10 Marc Faber: The billionaire they call Dr Doom

Chapter 6.11 Charles Schwab: Talking to Chuck, the people’s broker

Chapter 6.12 Sir John Templeton: The greatest investor of the 20^th century

We have come a long way now from the first part of this book review series.

Here, Tony interviews twelve investing icons.
He starts at ‘Meet the masters’ with four common obsessions they all share:

Money Master The Game: How To Have An Income For Life

Section 5  Upside without the downside: create a lifetime income plan

Chapter 5.1 Invincible, unsinkable, unconquerable: The All Seasons Strategy

Chapter 5.2 It’s time to thrive: Storm-proof returns and unrivalled results

Chapter 5.3 Freedom: Creating your lifetime income plan

Chapter 5.4 Time to win: Your income is the outcome

Chapter 5.5 Secrets of the Ultrawealthy (that you can use too!)

Wow! We still have three more sections to cover in the book Money Master the Game. This should have come last week, I apologise for the delay. The aim of this section is to show the reader how to create an income for life. Tony does this by first showing by the example of a well-researched, time-tested investment portfolio/strategy –the All-Seasons or All-weather investment strategy of Ray Dalio, how Governmental institutions, Wealthy clients and Educational institutions have made money through Ray.

Money Master The Game: How To Have An Income For Life

Section 5  Upside without the downside: create a lifetime income plan

Chapter 5.1 Invincible, unsinkable, unconquerable: The All Seasons Strategy

Chapter 5.2 It’s time to thrive: Storm-proof returns and unrivalled results

Chapter 5.3 Freedom: Creating your lifetime income plan

Chapter 5.4 Time to win: Your income is the outcome

Chapter 5.5 Secrets of the Ultrawealthy (that you can use too!)

Wow! We still have three more sections to cover in the book Money Master the Game. This should have come last week, I apologise for the delay. The aim of this section is to show the reader how to create an income for life. Tony does this by first showing by the example of a well-researched, time-tested investment portfolio/strategy –the All-Seasons or All-weather investment strategy of Ray Dalio, how Governmental institutions, Wealthy clients and Educational institutions have made money through Ray.

Review of Section 3; Money Master the Game

Section 3          What’s The Price Of Your Dreams? Make The Game Winnable

Chapter 3.1 What’s the price of your dreams? Make the game winnable

Chapter 3.2 What’s your plan

Chapter 3.3 Speed it up 1: Save more and invest the difference

Chapter 3.4 Speed it up 2: Earn more and invest the difference

Chapter 3.5 Speed it up 3: Reduce fees and taxes (and invest the difference)

Chapter 3.6 Speed it up 4: Get better returns and speed your way to victory

Chapter 3.7 Speed it up 5: Change your life- and lifestyle- for the better

We continue in this series reviewing the book Money Master the Game. Section three has 7 chapters as you have seen above.

What Tony wants the reader to take away from this section is simple- He wants you to make the game winnable!

For example, what is the essence of attempting to play -hoping to defeat- Roger Federer at a Tennis game when you don’t even know the rules of the game, and you don’t understand the game at all?

Here, Tony explains
1. How to calculate exactly how much money you need, to achieve your dreams (of Financial Security, independence, and/or Freedom). Many people have in mind (and think they need) a bloated, large amount of money to attain their dreams, but that isn’t so for most people. If you write down the amount you believe you need to become very comfortable and financially secure, you will discover, from the calculation, that you actually need far less than that.

He created the web application at https://financeapp.moneymasterthegame.com/ to assist the reader with that.

2. How to come up with an initial financial plan and a timeline for achievement by having three types of financial goals  (short, medium and long term), and

3. The 5 ways in which you can speed up your plan:

You can save more from your income, and invest the difference. You can reduce your taxes, or get better returns on your present investment and invest the difference. Or you can change your lifestyle (in order to live within your means) and invest the difference.

But my favourite is You can earn more and invest the difference (this is what experts such as Robert Kiyosaki advocates).  This is where self development comes in. THE BEST INVESTMENT ANYONE CAN UNDERTAKE IS TO INVEST IN HIM/HERSELF.

Ray Dalio made a great video that explains how the economy works, and to help the average investor become a better investor. You can watch it here or at his website- www.economicprinciples.org.

At the end of the video, he gives 3 advice (whether you are an individual, or a country like Greece, or a company trying to make profit): 

1. Don’t have debt rise faster than income. 

2. Don’t have income rise faster than productivity. 

3. Do all you can to raise your productivity.

Summarily, NEVER FORGET THAT ONE CAP DOES NOT FIT EVERYONE. BUT THE THREAD RUNNING THROUGH ALL THIS IS SIMPLE- HAVE MORE MONEY LEFTOVER/GET SOME EXTRA MONEY THAT YOU CAN INVEST IN ORDER TO ACHIEVE YOUR DREAMS!

In the next section, the book answers such questions as: ‘Where do I put my money?’ and, ‘What specific investments will maximize my upside and protect me against the downside?’ He teaches us how to make the most important investment decision of our lives.

See you soon.

Review of Section 3; Money Master the Game

Section 3          What’s The Price Of Your Dreams? Make The Game Winnable

Chapter 3.1 What’s the price of your dreams? Make the game winnable

Chapter 3.2 What’s your plan

Chapter 3.3 Speed it up 1: Save more and invest the difference

Chapter 3.4 Speed it up 2: Earn more and invest the difference

Chapter 3.5 Speed it up 3: Reduce fees and taxes (and invest the difference)

Chapter 3.6 Speed it up 4: Get better returns and speed your way to victory

Chapter 3.7 Speed it up 5: Change your life- and lifestyle- for the better

We continue in this series reviewing the book Money Master the Game. Section three has 7 chapters as you have seen above.

What Tony wants the reader to take away from this section is simple- He wants you to make the game winnable!

For example, what is the essence of attempting to play -hoping to defeat- Roger Federer at a Tennis game when you don’t even know the rules of the game, and you don’t understand the game at all?

Here, Tony explains
1. How to calculate exactly how much money you need, to achieve your dreams (of Financial Security, independence, and/or Freedom). Many people have in mind (and think they need) a bloated, large amount of money to attain their dreams, but that isn’t so for most people. If you write down the amount you believe you need to become very comfortable and financially secure, you will discover, from the calculation, that you actually need far less than that.

He created the web application at https://financeapp.moneymasterthegame.com/ to assist the reader with that.

2. How to come up with an initial financial plan and a timeline for achievement by having three types of financial goals  (short, medium and long term), and

3. The 5 ways in which you can speed up your plan:

You can save more from your income, and invest the difference. You can reduce your taxes, or get better returns on your present investment and invest the difference. Or you can change your lifestyle (in order to live within your means) and invest the difference.

But my favourite is You can earn more and invest the difference (this is what experts such as Robert Kiyosaki advocates).  This is where self development comes in. THE BEST INVESTMENT ANYONE CAN UNDERTAKE IS TO INVEST IN HIM/HERSELF.

Ray Dalio made a great video that explains how the economy works, and to help the average investor become a better investor. You can watch it here or at his website- www.economicprinciples.org.

At the end of the video, he gives 3 advice (whether you are an individual, or a country like Greece, or a company trying to make profit): 

1. Don’t have debt rise faster than income. 

2. Don’t have income rise faster than productivity. 

3. Do all you can to raise your productivity.

Summarily, NEVER FORGET THAT ONE CAP DOES NOT FIT EVERYONE. BUT THE THREAD RUNNING THROUGH ALL THIS IS SIMPLE- HAVE MORE MONEY LEFTOVER/GET SOME EXTRA MONEY THAT YOU CAN INVEST IN ORDER TO ACHIEVE YOUR DREAMS!

In the next section, the book answers such questions as: ‘Where do I put my money?’ and, ‘What specific investments will maximize my upside and protect me against the downside?’ He teaches us how to make the most important investment decision of our lives.

See you soon.

Money Master The Game, Chapter 2 Review

Welcome back to my review series of the book; Money Master the Game. I reviewed chapter one last week, and this week I will give an overview of the 9 myths Tony Robbins dispels in order to help his readers (- primarily Americans, for whom the book is targeted) take control of their financial future by becoming investment-savvy. He calls them ‘landmines’ that can blow up our financial future if not avoided.

We need to understand that to become financially independent, we must save regularly from our income, and then invest our ‘life savings’ wisely in safe investments. Yet, we need to know what we are doing as that is the only way to maximise returns and not end up giving most of our profits to brokers, or as taxes to the government.

The core concept of successful investing is simple: Grow your savings to a point at which the interest from your investments will generate enough income to support your lifestyle without having to work.

Section 2          Become The Insider: Know The Rules Before You Get Into The Game

Chapter 2.0 Break free: Shattering the 9 financial myths

Chapter 2.1 Myth 1: The $13T lie: “Invest with us. We’ll beat the market”

Chapter 2.2 Myth 2: “Our fees? They are a small price to pay”

Chapter 2.3 Myth 3: “Our returns? What you see is what you get”

Chapter 2.4 Myth 4: “I’m your broker, and I am here to help”

Chapter 2.5 Myth 5: “Your retirement is just a 401(k) away”

Chapter 2.6 Myth 6: Target-date funds: “Just set it and forget it”

Chapter 2.7 Myth 7: “I hate annuities, and you should too”

Chapter 2.8 Myth 8: “You gotta to take huge risks to get big rewards”

Chapter 2.9 Myth 9: “The lies we tell ourselves”

.

From the chapter outline above, you have already seen the 9 myths. 

I will give a brief overview below.

Tony Robbins

Money Master The Game, Chapter 2 Review

Welcome back to my review series of the book; Money Master the Game. I reviewed chapter one last week, and this week I will give an overview of the 9 myths Tony Robbins dispels in order to help his readers (- primarily Americans, for whom the book is targeted) take control of their financial future by becoming investment-savvy. He calls them ‘landmines’ that can blow up our financial future if not avoided.

We need to understand that to become financially independent, we must save regularly from our income, and then invest our ‘life savings’ wisely in safe investments. Yet, we need to know what we are doing as that is the only way to maximise returns and not end up giving most of our profits to brokers, or as taxes to the government.

The core concept of successful investing is simple: Grow your savings to a point at which the interest from your investments will generate enough income to support your lifestyle without having to work.

Section 2          Become The Insider: Know The Rules Before You Get Into The Game

Chapter 2.0 Break free: Shattering the 9 financial myths

Chapter 2.1 Myth 1: The $13T lie: “Invest with us. We’ll beat the market”

Chapter 2.2 Myth 2: “Our fees? They are a small price to pay”

Chapter 2.3 Myth 3: “Our returns? What you see is what you get”

Chapter 2.4 Myth 4: “I’m your broker, and I am here to help”

Chapter 2.5 Myth 5: “Your retirement is just a 401(k) away”

Chapter 2.6 Myth 6: Target-date funds: “Just set it and forget it”

Chapter 2.7 Myth 7: “I hate annuities, and you should too”

Chapter 2.8 Myth 8: “You gotta to take huge risks to get big rewards”

Chapter 2.9 Myth 9: “The lies we tell ourselves”

.

From the chapter outline above, you have already seen the 9 myths. 

I will give a brief overview below.

Tony Robbins

Suregifts.com.ng: How This Gift Voucher-Selling Company Can Help You Save Money Shopping Online

While my international (non-African) audience already understand how gift vouchers (work and) help save money while shopping online, and many of you use vouchers regularly, it is not a common practice with Nigerians/Africans. 

Suregifts is a relatively new gifts service company that helps Nigerians in this regard.

Suregifts.com.ng: How This Gift Voucher-Selling Company Can Help You Save Money Shopping Online

While my international (non-African) audience already understand how gift vouchers (work and) help save money while shopping online, and many of you use vouchers regularly, it is not a common practice with Nigerians/Africans. 

Suregifts is a relatively new gifts service company that helps Nigerians in this regard.