Close Ad

Tony Robbins Says Everyone Should Do This with Their Money Before Turning 30
4-lessons-of-self-improvement-from-Tony-robbins
Finance

Tony Robbins Says Everyone Should Do This with Their Money Before Turning 30

As we start to enter the workforce and earn our own money, it’s hard to know the right path to take. But, according to Tony Robbins, there’s some important steps to be taking before we hit 30.

4-lessons-of-self-improvement-from-Tony-robbins

Robbins recently told CNBC there are two essential steps to take to be in good shape for your future.

Invest

“Are you a consumer or are you an owner? You are not on target unless you become an investor. You don’t want to just buy an Apple phone — you want to own Apple.”

Now, of course he doesn’t necessarily mean buying stocks at Apple, but he recommends investing in index funds, so you can have a small stake in lots of companies. You can also contribute to a 401(k) plan or retirement savings accounts. This will open the door to compound interest, which can lead to future wealth.

Automate your contributions

The goal is to get to the level where “the income that you get off those investments will allow you to live the life you have today without working,” says Robbins. One way to do this is to automate your investments —so that is when your employer may do a paycheck deduction or you can have money taken out of your checking account and transferred to an investment account. “I don’t care what age you are, if you don’t automate it, you’re not going to get there,” says Robbins. This takes away even having the option of spending that money. Also, if you don’t see the money, you’ll learn to live without it.

Most people say, ‘I don’t have any money to invest. I can’t put the money aside to do that,’” says Robbins. “You have to decide that a certain amount of money that you make is going to be yours to keep,” says Robbins, “and that you’re going to be an owner — an investor — not merely somebody that’s constantly struggling to buy more things.”

Unshakeable: Your Financial Freedom Playbook

tony-robbins-unshakeable

Still curious about whether or not your personal finances are on track? We recommend Tony Robbins' "Unshakeable: Your Financial Freedom Playbook".

>> See it on Amazon.com


RELATED READING:

Hot Stories

Pamela Anderson Opens Up About Her 9 Disastrous Weddings
Why Pamela Anderson Can't Stop Getting Married

Pamela Anderson has it all: beauty, fame and success. So why can’t the most famous blonde find her fairytale ending? Why is Pamela so unlucky in love and what dark secrets lie behind her seemingly glamorous life?

Keep ReadingShow less
Life Stories
Man sitting in a wheelchair and a man crying, with text overlay "Dead serious man..."

Man on the Street Offers Quarter to Stranger in Need

TikTok/ @mdmotivator

When an influencer approached a man on the street asking for money one day, he thought he would help him out with a generous gift. What he didn’t count on was an uplifting message to the rest of the world.

Keep ReadingShow less
Uplifting News
Woman wearing glasses speaking into a mic and an older woman writing a letter.

Woman Thanks Ex-Boyfriend's Kid For Making Her Feel Loved

YouTube/ Intoxicated Insights and Pexels/ cottonbro studio

Jen and her brother, Todd, were just 10 and 12 years old when their father began dating Shirley Norton. It was 1986. Their love affair was short-lived, lasting only a year.

And while it may have been brief, it left an impact that stayed with Shirley until she died.

Eighteen years later, Jen received a phone call out of the blue. It was from a bank manager, informing her that Shirley had bequeathed $50,000 each to her and her brother. But in addition to the inheritance, Shirley also left behind a note.

Keep ReadingShow less