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If you’re like me, you might be great at things like balancing your checkbook and creating a budget to (mostly) stick to. All while the coded world of financial investments seems completely foreign in its extraterrestrialness.
Then you’ve got the elusive art of actually making money off financial investments, and it just seems like a completely hit or miss game of Candy Land. Draw the top card and just hope you don’t hit Peppermint Forrest right as you’re approaching retirement. Say goodbye to Candy Castle…
At least that’s how I had always approached investments. I’d bought into the common mutual fund routine, and I knew how to balance my checkbook like a boss, but seriously I had no clue about anything else.
Which basically means I had no clue at all. Period.
But then I discovered this marvelous 600+ page monster by success coach Tony Robbins called MONEY: Master the Game. Of the dozen books I’ve read so far this year, this has been the most worthwhile by far. Robbins has sought out and interviewed the world’s greatest financial minds and brought back for us the prized loot won along the way.
But seriously, unlike most financial books, he doesn’t assume we know any of the terminology, and he breaks everything down to make it about as easy to understand as possible. One of the most valuable sections of this goliath is one where he breaks down common myths that the brokers want us to buy into (literally). But he doesn’t just destroy the myth of mutual funds. He also shows us what we should invest in and praises such tools as the index fund.
Money provides enough diversity of perspective from these minds to show that it’s not just selling us one option among equals. But at the same time it doesn’t leave you aimless in a sea of countless options. It zeros in on tried and true methods in such an easy-to-understand fashion that readers walk away with clear path to move forward upon. You’ll identify common pitfalls by page 200, begin building your own Freedom Fund by page 300, have your Dream Bucket by 350, your All Seasons portfolio by 450, and say hello to the greats in personalized interviews by 550.
The best part is that we discover there are ways to make investments where the downside is almost completely eliminated.
I didn’t even know that was really possible.
At first I was skeptical that this book wasn’t some gimmick itself. And I almost didn’t read it.
But then I did.
And you should too.
Of course, like all things in life, it’s really up to your own desires and priorities. But I also know that finances are one of the greatest hurdles one may encounter on this Game of Life, or Candy Land, or Monopoly, or whatever the hell board game you want to liken it to. And I think most of us know what it’s like to get stuck in the mud pits on occasion. Sometimes we never make it out. But this book might be your roadmap to getting unstuck and making a series of better informed decisions. And so I pass these insights on your way. A little resource networking, you might say…
So check it out and let me know your thoughts. It’s the best book I’ve read all year, and it could be yours as well.