3 Genius Things Tony Robbins Says To Do With Your Money
Although Tony Robbins is best known for being a self-help guru, he's also written several best-selling money books. Recently, he announced he's starting a new podcast called 'The Holy Grail of Investing,' which is also the name of his third financial book.
For You:
Trending Now:
Robbins frequently speaks about business, personal finance and building wealth. He isn't afraid to share lesser-known wealth-building strategies typically only reserved for the ultra wealthy. You can find his money advice through his books, public talks, media appearances and on his website.
Here are three genius things he says that people should do with their money that can help them become financially successful.
Robbins explained in a blog post that money is 20% mechanics and 80% psychology. He said people's mindset matters when it comes to building wealth. If someone has an abundance mindset, they focus on learning from lessons and see more opportunities. If they focus on the negative, Robbins said people tend to sabotage themselves.
In other words, people often have their own limiting beliefs that prevent them from achieving success. Instead, Robbins wants people to think on an abundant scale. In another one of his blogs he encouraged his readers to give, even if they don't have a lot.
Check Out:
In one of his blog posts, Robbins explained that many people make investing harder than it needs to be. He said, instead of instituting complicated strategies trying to beat the market, start investing early and reap the benefits of compound interest.
Even investing a small amount can grow due to compound interest, especially if people start young. That's because compound interest means that investors earn interest on their interest. While progress may seem slow at first, eventually compound interest over time makes investments grow quickly. This, in combination with selecting solid investments such as money market accounts, work-sponsored retirement plans and dividend stocks, can help build lasting wealth, according to Robbins.
Robbins cautioned people against taking out loans that will take decades to pay back and that includes student loan debt. In a blog post of his, he suggested that if students absolutely need to take out loans, they take out the bare minimum and try to start paying them back while in school. Having student loan debt can prevent people from building wealth in the future because they'll be making loan payments instead of using that money to invest.
In another blog, Robbins also cautioned people against accruing credit card debt. That's because paying the minimums on credit card debt can cause it to balloon due to high interest rates. Having credit card debt is usually the result of not having financial literacy, Robbins said, so he encouraged all people to learn as much as they can about creating a budget, paying down debt and building wealth.
More From GOBankingRates
Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard
4 Affordable Car Brands You Won't Regret Buying in 2025
7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth
This article originally appeared on GOBankingRates.com: 3 Genius Things Tony Robbins Says To Do With Your Money
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Car and Driver
20 minutes ago
- Car and Driver
2026 Ram 2500 Warlock Is a HD Off-Road Truck That's Affordable
The 2026 Ram 2500 lineup adds two new value-minded models: the Black Express and the Warlock. The Warlock starts at $57,165 and includes 34-inch-tall all-terrain tires, an off-road-tuned suspension, unique visual add-ons, and cloth bench seats. The Black Express starts at $53,735 and comes with black 20-inch wheels, a sporty hood, body-colored bumpers, and tubular side steps. Truck makers have the most creative names for their off-road-focused pickups. Chevy's Trail Boss and Ford's Tremor treatments immediately spring to mind, and Ram offers the Rebel. For the 2026 model year, Ram's heavy-duty lineup adds a Warlock trim, which is the most affordable model for those who like to go past where the blacktop ends. Warlock Helps You Save a Buck The Warlock moniker dates back to the 1970s, when it was used on the Dodge D-series trucks. More recently, it was resurrected on the Ram 1500, and it remains the best off-road value. The same is true for the first heavy-duty Warlock, which is based on the Ram 2500 Tradesman. The Warlock's only available configuration includes the crew cab and shorter cargo bed. Four-wheel drive and a 405-hp Hemi 6.4-liter V-8 are standard. It starts at $57,165, but opting for the Cummins diesel 6.7-liter straight-six is expected to add $12,595. For comparison, the Ram 2500 Rebel has a $77,015 base price ($89,610 with the Cummins), and the Hemi-only Power Wagon starts at $80,510. Ram So, what do you get with the Warlock? Every model rides on 34-inch-tall Goodyear Wrangler Duratrac all-terrain tires that are mounted on 20-inch wheels. Its suspension has been revised for dirt duty and features a set of Bilstein dampers, the transfer case has a skid plate for extra protection, and there's a limited-slip rear diff to help with low-traction situations. Warlocks can be easily identified by their bedside decals. Black bumpers, fender flares, and grille surrounds add to the rugged aesthetic. Inside, there's cloth upholstery instead of leather and an absence of high-end features, but we appreciate the bench seats An Affordable Street Truck Not everyone wants their big truck to roll on knobby tires, instead preferring a sportier look. That's where the 2026 Ram 2500 Black Express comes into play. Like the Warlock, it's based on the entry-level Tradesmen. While the crew-cab body style is mandatory, Ram lets customers choose between rear- and all-wheel drive. The former starts at $53,735, but that price is expected to rise by $12,595 for those who want the Cummins diesel. Ram Regardless of what's under the Black Express's special bulging hood, every version features black 20-inch wheels as well as bumpers and a grille surround that match the body color. Paint options include Diamond Black, Bright White, Granite Crystal, Silver Zynith, Forged Blue, Flame Red, Ceramic Grey, and Molten Red. A pair of cab-length tubular side steps helps passengers climb into the cabin. Like the Warlock, the bench seats are covered in cloth, and the floor and floor mats are carpeted. Towing mirrors and parking sensors at both ends are standard fare. The 2026 Ram 2500 Warlock and Black Express are now available to order, with the first deliveries expected to reach dealerships sometime in July through September. Eric Stafford Managing Editor, News Eric Stafford's automobile addiction began before he could walk, and it has fueled his passion to write news, reviews, and more for Car and Driver since 2016. His aspiration growing up was to become a millionaire with a Jay Leno–like car collection. Apparently, getting rich is harder than social-media influencers make it seem, so he avoided financial success entirely to become an automotive journalist and drive new cars for a living. After earning a journalism degree at Central Michigan University and working at a daily newspaper, the years of basically burning money on failed project cars and lemon-flavored jalopies finally paid off when Car and Driver hired him. His garage currently includes a 2010 Acura RDX, a manual '97 Chevy Camaro Z/28, and a '90 Honda CRX Si. Read full bio
Bloomberg
23 minutes ago
- Bloomberg
Bitcoin Soars, Altcoins Fade in $300 Billion Crypto Shakeout
On the face of it, 2025 looks like a banner year for crypto: Bitcoin hitting a record, an industry-boosting US president whose family is venturing headlong into the sector, and key legislation widely expected to be passed by Congress. But look beyond the bullish headlines and the rally in Bitcoin, and a vastly different landscape comes into view. Most of the so-called altcoins once touted as competitors to the original cryptoasset are nursing steep declines, with more than $300 billion of market value wiped out so far this year.
New York Times
32 minutes ago
- New York Times
Nicolas Hague signs 4-year contract after trade from Vegas to Nashville: Report
The Vegas Golden Knights traded defenseman Nicolas Hague to the Nashville Predators for forward Colton Sissons and defenseman Jeremy Lauzon Sunday night, according to a report by TSN's Darren Dreger. Hague was a pending restricted free agent in need of a new deal — and a sizable raise. Rather than signing him, the Golden Knights opted to trade him to the Predators, who immediately signed the 26-year-old defenseman to a four-year contract worth $5.5 million per year, Dreger reported. Hague had a cap hit of $2.3 million this season. Advertisement Hague is a big, rangy defenseman who played mostly bottom-pair minutes in Vegas, but has proven he's capable of playing on the top pair for stretches. He has a big slap shot, kills penalties and totaled 20 career goals and 63 assists in six years with the Golden Knights. Based on his usage in Vegas, the $5.5 million cap hit feels a bit steep, but he received few offensive opportunities behind several offensively gifted blueliners in Vegas. If the Predators find a way to use his booming slap shot from the point more often, he could have more upside than his stats show. In return, Vegas added another bottom-six forward in Sissons. The 31-year-old had only 21 points in 72 games last season in Nashville, and has one year left on his contract with a cap hit of $2,857,143. He had played his entire 11-year NHL career with the Predators, registering 95 goals and 126 assists in 690 games. Lauzon, 28, had one assist in only 28 games for the Predators last season after suffering a season-ending lower-body injury in late December. He is also entering the final year of his contract with a cap hit of $2 million. Hague's raise to $5.5 million per year is quite a big bump up from his previous $2.3 million cap hit. It's understandable if the Golden Knights didn't think they could fit that into their tight cap situation, which could get even tighter if they win the Mitch Marner sweepstakes. Along those lines, there were reports on Saturday that Vegas' fourth line center, Nicolas Roy, could be included in a trade to Toronto for Marner's rights. If Roy is moved, Sissons would be an excellent fit to replace Roy's minutes, both at even strength and on the penalty kill. It is a bit curious that a team looking to shed Hague's salary ended up taking back nearly $5 million in cap hit in this deal. It suggests that the Golden Knights are far from done when it comes to moves this summer.
