The 4 Best Lessons Learned from the Book Unshakeable
Who doesn’t want financial freedom?
After all, this is what we all work for, right? But despite immense hard work, the majority of us find our pockets empty at the time when money is needed badly.
So, what’s the best way to find financial stability? How you can be financially secure, even in the toughest times?
Tony Robbin’s Unshakeable is the answer. In this book, Tony Robbins explains the best ways to grow your wealth using a simple investing strategy that includes index funds, compound interest, and diversification.
But, before moving ahead, who is Tony Robbins, and why should you listen to him?
Tony Robbins is probably the #1 motivational speaker in the world so far. People buy tickets in advance to hear him talk about how to be successful. He is also a best-selling author and has coached so many famous personalities, such as Bill Clinton and Oprah Winfrey.
And if that doesn’t sound enough, he lives in a castle and rides around in his own helicopter.
However, like many other greats, Tony wasn’t born with a silver spoon in his mouth. At 17, his abusive mom kicked him out of the house. And, he had to work for 18 hours a day so that he could make enough money to shelter and feed himself.
So, what changed Tony’s life?
Well, he has amazing communication skills. And that’s actually made his fortune. He understands what people want and what advice they exactly need to move forward.
For the book Unshakeable, Tony spent 4 years interviewing dozens of billionaires and famous investors. All these people Tony has talked with have spent their entire lives learning the secrets to building wealth. And Tony revealed all such strategies and secrets an ordinary person like you and I can follow to become financially safe and free, even in an unstable modern world.
So, without further ado, let’s get right into it.
4 Best Lessons to Learn from the Book Unshakeable
1. Don’t Believe that Investment Needs to Be Risky
When it comes to investing, a lot of people feel overwhelmed.
They believe that investing is complicated, it’s risky like gambling, or they just don’t want to lose their money by making a wrong decision.
Always remember, if you are following the right investing strategy, there is no reason to feel overwhelmed.
This is simply not about gambling to get rich quickly. It’s all about creating a phenomenal foundation of unshakeable financial security to support your family and loved ones.
And the best thing about following these strategies is, your money begins to work for you instead of you going after it.
Tony calls it “making money your slave instead of being a slave to money.”
2. Put Your Money into Index Funds
Before diving into this strategy, let’s first understand what Index Funds are?
When you put your money into something called index fund, you are not going for one stock. In fact, you are putting a chunk of money into every stock in a market.
For example, you must have heard about the S&P 500? This is a list of top 500 companies in the US, including Apple, Google, Amazon, etc. If you are planning to put money into S&P 500 index funds, then you would actually be investing in all those big companies at the same time. So, instead of picking just one stock, you are picking all of them equally.
But why would anyone want to invest in Index Funds?
The reason is pretty simple. The stock market as a whole is quite predictable. And you have always seen it growing over the long term. Therefore, by investing in index funds, there will be a surety that your money will grow over time.
3. Don’t be Afraid of Market Falls
It’s actually very easy for us to sit at home and imagine we will stay calm during the next market crash. But in reality, when you wake up one morning and see that you have lost 40% of your life savings in just one night, you get emotionally shattered and destroyed.
Here, the important point to understand is, when fear takes over, that’s when people start making their worst investing decisions. These are the decisions that may derail their long-term investing success.
So, the best way in these circumstances is to remain calm and learn about the reality of the market.
4. Avoid Losing Money Even During Crashes through Diversification
The majority of people believe that top investors are obsessed with making money. But Tony says this is not true. After talking to several people, he realized that the best investors are obsessed with not losing money.
Warren Buffet has a famous quote related to this:
“Rule number one: never lose money. Rule number two. Never forget rule one.”
And one of the best ways to avoid losing money is through diversification.
Diversification means using your money in many different types of investments so that if the value of one goes down, the value of others remains the same or even grows.
So, what are you waiting for?
If financial instability is something that bothers you, apply these strategies, and stay at peace.