Tony Robbins is an entrepreneur, bestselling author, philanthropist and the nation’s #1 Life and Business Strategist. Author of five internationally bestselling books, including the recent New York Times #1 best-seller UNSHAKEABLE, Mr. Robbins has empowered more than 50 million people from 100 countries through his audio, video and life training programs. He created the #1 personal and professional development program of all time, and more than 4 million people have attended his live seminars.
There’s a science to wealth, and it’s not what you think
Tony Robbins on the meaning of true wealth, plus tips on how to build it
In this episode, we’re taking a look at one thing that’s top of mind for most people: money. Money is what makes the world go ‘round. And it’s also what stresses a lot of us out. In fact, 85% of Americans say that they worry about their financial situation – whether it’s mounting debt, not having money set aside for unexpected expenses, or enough to retire.
But even when we feel financially comfortable – we have enough money to meet our needs, pay our bills, save for the future, and even accumulate wealth, one thing remains true: having more money doesn’t guarantee happiness.
You’ll hear from Tony on the meaning of true wealth – and why it’s important to consider its meaning as you build it. You’ll also hear from Liz Weston, a financial planner and columnist at NerdWallet, who gives practical tips about how to save more money, pay off debt, and get ahead – so you can focus on making progress in other areas of your life.
[00:38] Get $20 off the Rapid Planning Method with promo code POD20
[01:41] Episode introduction
[02:52] The meaning of true wealth
[03:31] What makes you feel truly abundant?
[04:00] Problems and happiness have no relationship
[04:30] Our brain is trained to make us survive, not happy
[05:05] If you’re in poverty, you’re in the 1%
[05:33] Money isn’t the solution, it’s the vehicle
[05:55] How to figure out what true wealth means to you
[06:37] The science of achievement
[07:10] The fundamentals that you can’t violate
[07:53] Ask yourself: What do you have now that once seemed impossible?
[08:28] Beware of the law of familiarity
[09:02] The key to achievement is becoming focused
[09:40] The power of the RAS – Reticular Activating System
[10:19] If you flex your approach, you find effective execution
[11:18] Grace shows up when you acknowledge it
[12:20] Two thirds of Americans worry about a recession
[12:47] Instead of living in fear, prepare for it
[13:15] The step by step playbook that will transform your financial life
[13:30] Go to www.unshakeable.com to order a free copy of Unshakeable
[13:44] Introduction to Liz Weston
[14:21] Financial disclaimer
[15:00] Automate your savings
[15:36] Hide your money from yourself
[15:58] Name your accounts with nicknames
[16:38] Put your money someplace you can’t take it out
[17:00] Divert the money you save
[17:49] How much to save for retirement
[19:00] Gradual steps to creating an emergency fund
[20:50] How to save for life events
[21:40] Consumer credit card debt in America
[22:03] How to evaluate your debt
[22:43] Pay off toxic debt first
[23:01] Strategies to pay off toxic debt
[23:45] Don’t be in a rush to pay off m
[24:15] When to file for bankruptcy
[25:06] How to stop spending money online
[25:36] Put barriers between impulse and act of buying
[26:55] How to create balance in your financial plan
[27:55] The 50/30/20 budget