MONEY Master The Game

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RAHUL MAKWANA

MONEY MASTER
THE GAME BY
TONY ROBBINS

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Money Master The Game is a
personal guide to becoming
financially independent.

Robbins has interviewed the


world’s best billionaires and he
has shared all the knowledge and
the lessons from those interviews
in his book.

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Imagine learning about money
from people like Warren Buffett,
Ray Dalio, Bill Gates, Jeff Bezos,
Mark Zuckerberg, and Paul Tudor
Jones at your home by just
reading the book. This is MONEY
Master the Game by Tony
Robbins.

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The book has 688 pages and it
has everything that you always
wanted to know about money,
investment, business, savings,
and your relationship with your
money.

So let’s decode the 688 pages in


a compact way.

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BUY MONEY
Master the Game
by Tony Robbins

📖 Paperback - ENG
📲 Audio CD
Hardcover

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People
Around You

Tony Robbins says “When you


have a good amount of money,
people around you whether its
bankers, financial advisers and
even mutual funds managers will
try to sell you something and this
is that time when you learn
about money”

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It's true right, if you have 10
Lakh in your bank account and
you don’t know what to do with
then at least, your bank manager
will call you and give you advice
on how you can make FD or any
sort of investment within the
bank.

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Banks won’t give you high
interest but still, some people will
create FDs because they feel the
Stock Market is too risky and is
only for rich people.

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This is all wrong, the stock market
is for everyone and everyone can
invest whatever amount they can.

The only thing everyone has to do


is learn how the stock market
works and what is the right way to
invest money.

Related: 15 Must-Read Books in


Life

So next time when you have a


good amount of money in your
bank account, do a little bit of
research. Maybe you can read a
few books on personal finance or
read articles.

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The key part here is to have some
knowledge about investment, so
people around you don't fool you.

Be always a student, learn


something new every day because
no one ones what will come next.

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Be a Owner

It's okay to have fun and spend


money on the things you want but
it's not okay to spend all of your
earnings every month and wait for
the next paycheck.

During COVID-19, people were


afraid to invest money in the stock
market because it was going down
and no one knew what would
happen next.

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This was also the time when
investors were investing money in
the stock market and they made a
lot of money including myself.

So as the author says, don’t be a


consumer all the time, don't be
that guy who spends all the
money on needs and wants.

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Invest a few amount of money
every month where you feel safe
whether it's stock market, bonds,
or anywhere else but invest
because the value of your money
will decrease over time because of
inflation.

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When it comes to investment,
most people think Mutual funds
are safer compared to the stock
market and the reason behind this
is “advertisement” done by the
government of India.

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You may have heard “Mutual funds
Sahi hi hai (Mutual funds are safe)”.

Now, if you want to be on the safer


side then you can also invest in
Index Funds.

Just pick a few index stocks and


invest for a long time, like, 10 to 20
years and you will get more returns
than the Mutual funds.

Related: The Personal MBA


Summary

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Now, this is not financial advice
but you can also take a look at
NiftyBees which is nothing but
Nifty 50.

The moral of the story is, acquire


the knowledge and you don’t have
to ask anyone about how to invest
money.

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Price Of Your
Dreams

This is a widely discussed topic


and I also shared the same in
Your Life or Your Money Book
Summary. So we won’t spend
more time here.

Tony Robbins simply says, have


an idea about how much money
is enough for you. You don’t
need 100 crore to live a
comfortable life.

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For example,

if you’re earning Rs 30000 every


month and if you’re living a good
life where you’re eating good food,
living in a good house and you’re
also going on vacation when you
have time.

So Rs 30000 is good money for


you but if you want to live a
luxurious life then you have to
earn more money.

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Also, keep in mind that more
money doesn’t mean more
happiness. Just don't believe in
that myth.

Define how much money is enough


because the fact is Money will
never give you happiness but
freedom will.

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So do yourself favor and have a
good amount of money in your
bank account, so you don’t have to
worry about money

That amount doesn’t need to be 1


crore. It can be 50 Lakh or even 10
Lakh.

You just need to live a comfortable


life with whatever money you have
and if you want to live a luxurious
life then earn more.

Again, keep in mind that more


money doesn’t mean more
happiness. Just don't believe in
that myth.

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Life Allocation

If you’re earning money right now


then start investing right now,
The sooner you do it, the better it
is.

Warren Buffett started investing


at the age of 11. Now, this doesn’t
mean you can’t start your
investment journey at the age of
25, you can, You just have to start
right now.

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You don’t time the market because
you’re not investing for the short
term, you’re investing for a long
time. The long time is 15 to 20
years.

During this time, you will play


around with your portfolio, you
don’t have to be stuck with the
same company. Over time, you will
learn and improve your
investment strategy.

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Let’s say, your age is 25 and you
started investing Rs 5000 every
month in the stock market for 25
years. This means you will invest
till you’re 50.

Your Monthly investment is Rs


5000
Investing for 25 years
Interest is 13%

Now, if you want to take risks then


interest rates can go up to 15% or
even 20%. I have just selected 13%
which is an archivable refund for
anyone.

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After 25 Years you have
invested Rs 15,00,000 (Rs 15
Lakh)

Interest after 25 years is Rs


98,57,175 (Rs 98.57 Lakhs)

Rs 15,00,000 Investment + Rs
98,57,175 Interest = Rs
1,13,57,175 (Rs 1.13 crore)

Now, let me show you the power


of compound interest,

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Let’s say, rather than investing for
25 years, you plan to invest for 30
years, the interest rate will be the
same at 13%.

After 25 Years you have


invested Rs 18,00,000 (Rs 18
Lakh)

Interest after 25 years is Rs


2,03,03,234 (Rs 2 crore)

Rs 18,00,000 Investment + Rs
2,03,03,234 Interest = Rs
2,21,03,234 (Rs 2.2 crore)

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Did you see, only 5 years more
and your investment went from
1.13 crore to 2.2 crore?

So what does this mean, start


your investment journey as soon
as you can.

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Investment Plan by
Ray Dalio

If you’re that person who doesn’t like


to take risks then this is for you.

During the interview, Tony Robbins


asked Ray Dalio for a perfect
diversified portfolio and he said,

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Invest 30% in the Stock Market
Invest 15% in Short Term Bonds
Invest 40% in Long long-term
bonds
Invest 7.50% in Gold
Invest 7.50% in Commodities

What this does is, that no matter


what happens in the market, you
will not lose all of your money.

Now, you can play around with the


percentage because, at the end of
the day, you’re investing your hard-
earned money.

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Have Fun

There is no need to invest everything


you have and wait for the perfect
time to have fun. This is not the right
way to live life, you need to enjoy
your life.

So before you invest money, keep a


few bucks aside for your wants and
have fun because you’re earning
money so you can live a good life.

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Don't be so hard and think, I have to
invest money and this is the reason
why I’m not going on vacation or
buying that product.

Now, this doesn’t mean, you will buy


a new iPhone every single year, this
is wrong, you don’t need a new
phone every year.

This is not fun, this is a waste of


money.

Have fun, enjoy your life, and be


happy.

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MONEY Master the
Game Lessons

Learn as much as you can about


money and investment, don’t fall
for what others say, and cross-
check everything before you
invest your hard-earned money.

Don’t wait for the right time to


start investing, the right time is
right now.

Don’t wait for the right time to


start investing, the right time is
right now.

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Enjoy your life, you don’t have to
invest everything and sit at
home. Have fun, go on vacation,
spend time with your loved ones,
and be happy.

Always look for the bigger


picture, and learn how
compound interest works
because the day you learn the
power of compound interest, you
will do better in life in terms of
money or anything else.

You don’t need bankers, financial


advisers, and even mutual funds
managers to tell you where to
invest your money.

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MONEY Master the
Game Quotes

"You can be rich by having more


than you need, or by needing less
than you have."

"Go out and screw up! You’re going


to anyway, so you might as well
enjoy the process. "

“Timing the market is basically


playing poker with the best players
in the world who play round the
clock with nearly unlimited
resources.”

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"The ultimate thing that stops
most of us from making significant
progress in our lives is not
somebody else’s limitations, but
rather our own limiting
perceptions or beliefs.”

“It is better to have a permanent


income than to be fascinating.”

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"When you seek Significance,
you’re always comparing yourself
with someone else. And there’s
always someone bigger, taller,
stronger, faster, richer, funnier,
younger, more handsome, more
beautiful, with a bigger yacht, a
nicer car, a nicer home."

“Money is nothing more than a


reflection of your creativity, your
capacity to focus, and your ability
to add value and receive back.”

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“Never test the depth of the river
with both feet.”

“No matter how difficult our


situation may be, there are always
people who are suffering more.”

“The best way to change your life is


to find people who’ve already
achieved what you want and then
model their behavior.”

“Remember, the goal is to take


emotion out of investing because
emotion is what so often destroys
investing success,”

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Book Recommendation

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BUY MONEY
Master the Game
by Tony Robbins

📖 Paperback - ENG
📲 Audio CD
Hardcover

BOOKIESTALK.COM
www.bookiestalk.com

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