Money Master The Game Summary – How to Save Money?

Detailed Summary of Money Master The Game

Tony Robbins, a personal finance instructor and one of the top fifty business intellectuals, according to Accenture, presents you with everything you need to learn to gain financial stability. The best part.

You would not have to cut a huge figure from your expenses or compromise on your wish list! Through the six mentioned steps in Money Master the Game, you will learn to save, invest, and craft a lifetime income plan. Money Master, the Game Summary, will encourage you to invest safely and find ways to financial success.

Money Master The Game Summary Key Point

Are you seeking to learn how to manage money so it works for you? Master money means you must have to save it for your future crisis. And for this purpose, investing money is the best option. The following key points will help you to understand how to master money for your future.

You might also like to read The Book of Joy Summary.

Take Control of Your Finances

Your first step towards creating a financially independent life is realizing that you control your money or your money controls you. To have a secure future, you need to invest in it. Make an active effort to save, even if it is just 10% of your monthly income. Separating this much will not disturb the money you set for your rent and groceries, but you will still save something.

Become the Insider

Now that you’ve started to save. You might want to invest right away. But no, don’t do that. There are no tricks and tips to get interested that will beat the market. There are so many intricate details in the world of investment. For example, you might think that high-cost mutual funds are good, but they have a greater expense ratio that you will need for managing these funds. This is why it is important for you to completely understand where and how to invest and on what terms.

Set up an Emergency Fund

Do you know that 40% of Americans say they would not come up with even two thousand dollars in an emergency? Miserable right?

This is why you need to set up an emergency fund. Calculate the amount you require for your food, rent, clothes, transportation, health, education, and entertainment per year. Saving this much should be your basic and foremost task. In this way, you will not have to worry while investing.

Invest in your three Buckets

Research and make yourself familiar with the limitations and penalties for each type of investment and then invest in your three buckets; A Security Bucket, A Growth Bucket, and a Dream Bucket. Invest in all of them!

The Security Bucket will give you peace of mind and the courage to invest more. These are the sort of investments that will not yield a lot of money in return but won’t cause you to go into loss as well.

On the other hand, a Growth Bucket has the potential to return a much bigger amount in the long run. These are, however, quite prone to changes! This includes your stocks and Crypto assets.

A Dream Bucket: Now that you’re investing by keeping a margin of long-term profits, put some money towards living your dreams. A Dream Bucket gets some of your profits from the first two buckets.

In this way, you are just not partying every weekend or going on a shopping spree with money that comes from your income. You are having fun and living your dreams from the profit you made. That too, after securing and setting some of that profit aside. How good is that!!

Create a Lifetime Income Plan

Now onto the long and hard plan! You need to look at the economy so that you can have a foresight of what may or may not affect your investments in the future. Investing is not just about what may yield profit in a day.

It is about giving your money in places that can result in creating a secure financial life. The All Season Strategy described in the book contains 30% Stocks, 40% Long term bonds, 15% intermediate US bonds, 7.5% commodities, and 7.5% gold.

Money Master The Game Quotes

“Remember: we all get what we tolerate. So stop tolerating excuses within yourself, limiting beliefs of the past, or half-assed or fearful states. Use your body as a tool to snap yourself into a place of sheer will, determination, and commitment. Face your challenges head-on with the core belief that problems are just speeding bumps on the road to your dreams. And from that place, when you take massive action—with an effective and proven strategy—you will rewrite your history.” –Anthony Robbins

“Life isn’t about waiting for the storm to pass; it’s about learning to dance in the rain. It’s about removing the fear in this area of your life so you can focus on what matters most.” –Anthony Robbins

Money Master The Game Summary Review

The book is not only about making money; it teaches you how to make an extraordinary life for yourself. By committing to the seven steps by Robbins, you will be able to gain personal peace and financial success. If you thoroughly read and learn the tactics, you will be able to afford your expenses at any time and in any circumstance without any fear.

From the basic step of teaching you to control money, Tony takes you toward creating a lifetime income plan. Money Master the Game summary will transform you into a financial mastermind.  The Knowledge you will gain from this is invaluable.

To Whom I Would Recommend  Money Master The Game Summary

• To the twenty-year millennial who has just started earning and wants to invest and secure his future.
• The thirty-five year who has been saving money for years but does not know how and where to invest.
• To anyone who wants to become better at managing money.

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