Latest news with #TonyRobbins
Yahoo
21 hours ago
- Business
- Yahoo
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 7 Luxury SUVs That Will Become Affordable in 2025 Clever Ways To Save Money That Actually Work in 2025 This article originally appeared on 3 Genius Things Tony Robbins Says To Do With Your Money Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Yahoo
a day ago
- Business
- Yahoo
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 3 Genius Things Tony Robbins Says To Do With Your Money
Miami Herald
6 days ago
- Business
- Miami Herald
Tony Robbins sounds alarm for Americans on Social Security
An important report reveals that many Americans feel unprepared for retirement - a reality that personal finance author Tony Robbins considers urgent. Robbins believes the path toward catching up on tools such as 401(k) savings and IRAs (Individual Retirement Accounts) begins with an essential but often-overlooked move: taking ownership of one's financial future. Don't miss the move: Subscribe to TheStreet's free daily newsletter While nearly 88% of working Americans foresee Social Security playing at least a partial role in funding their retirement, the typical monthly benefit of around $2,000 is unlikely to support the lifestyle most retirees envision. That gap pushes many to count on alternative streams of retirement income. A significant portion of workers plan to rely on other sources: 84% anticipate using workplace-sponsored retirement plans such as 401(k)s, 77% expect to lean on personal savings and investments, and 68% look to Individual Retirement Accounts (IRAs) as additional lifelines, according to the Employee Benefit Research Institute. This diversified approach is crucial, as depending solely on Social Security will not suffice, Robbins notes. Related: Shark Tank's Kevin O'Leary warns Americans on 401(k)s Robbins emphasizes his view that it's time to stop sidestepping the facts. Many have yet to take that first serious step - building a solid savings and investment strategy. As retirement looms, especially for those still trying to catch up, swift and deliberate planning becomes essential. Getty Robbins is vocal about the risks of depending too heavily on Social Security for retirement. In his view, it's a grave misstep to assume those benefits will be enough to sustain most people in their later years - especially with longer life expectancies stretching the cost of retirement well beyond previous generations' norms. According to Robbins, Social Security was never meant to serve as the sole financial foundation for retirement. He says Americans must confront this reality and shake off any passive approach to retirement planning. For him, the wake-up call begins with facing the numbers - doing some straightforward calculations to understand exactly where one stands financially and how far there is to go. More on retirement: Dave Ramsey offers urgent thoughts about MedicareJean Chatzky shares major statement on Social SecurityTony Robbins has blunt words on IRAs,401(k)s Rather than wait for a crisis to force action, Robbins champions a proactive approach. He argues that the ability to plan ahead and anticipate one's financial needs is what separates those who thrive in retirement from those who struggle. "You can ... work toward the ultimate retirement dream: achieving complete financial freedom to do whatever you want with no fear of running out of money," Robbins wrote. In his eyes, financial confidence begins with clarity: Knowing the precise amount needed to retire comfortably is a non-negotiable first step in any serious plan. His core message? Stop avoiding the truth, engage with the math, and take charge before time runs out. Related: Tony Robbins sends strong message to Americans on 401(k)s To reduce reliance on Social Security, Robbins encourages people to approach retirement planning with clear-eyed realism and ambition. He believes that too many individuals make the mistake of planning around their income rather than their actual spending habits. For Robbins, knowing what you spend - especially if it's more than you earn - is the true foundation for estimating how much you'll need once work life ends. He stresses the importance of tracking annual expenses, not just to build awareness but to identify areas where spending can be reined in. Developing this habit now not only sharpens financial discipline but also frees up more resources for long-term savings. Once you've got a solid handle on your typical yearly spending, Robbins recommends multiplying that figure by 20 - a rough estimate for the number of years one might reasonably expect to live in retirement, given increasing life spans. He advises being cautious and realistic with assumptions, preferring conservative projections over overly optimistic ones. While this formula provides a baseline, Robbins knows many retirees dream of more than simply maintaining their current lifestyle. Whether it's globe-trotting, a luxury home upgrade, or new adventures, he urges people to run the numbers on their aspirational retirement too. Use the same framework, then apply it to the lifestyle you actually want - not just the one you have. Ultimately, Robbins challenges people to think beyond survival and aim for fulfillment. He believes retirement planning should inspire you to ask not only what you'll need - but what you truly desire. Related: Dave Ramsey warns Americans on Social Security The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
Los Angeles Times
22-06-2025
- Business
- Los Angeles Times
Restaurants and Retail Target New Space Amid Century City Office Boom
A strong post-COVID showing for the 'city within a city' is highlighted by return-to-work amenities and luxe offerings Amid a resurgence of the Century City office market, new retail spaces are attracting tenants with grand visions to attract the corporate card-wielding crowds from talent agencies, law firms, financial services, private equity firms and other professionals, along with the residents of nearby luxury residential towers. The area's growth has drawn interest from around the country, with tenants such as Milos, Kyu, 2-Star Michelin restaurant Sushi Noz and Wally's Wine & Spirits at the Century Plaza. Plus, life and business strategist Tony Robbins partnered with Sam Nazarian to develop The Estate, a private wellness club set to open later this year in Century City with memberships that cost $35,000 per year. The duo plans to open 25 longevity-focused resorts and residential projects worldwide by 2030. More new restaurants and shops have signaled interest in Century City outposts. Famed Chicago eatery Gene & Georgetti, a third-generation Tuscan steakhouse founded in 1941 with the claim of the city's oldest steakhouse, has expansion plans beyond its original (and single) location. Owner Michelle Durpetti, who assumed control following her father's death last year, stated that she is looking to add multiple locations, including California. 'We have looked at several locations in the L.A. area,' said Durpetti, who noted that the restaurant has not yet signed a lease. That's the kind of interest that has been generated as office tenants flock to the area from West Los Angeles, Downtown Los Angeles and beyond. And while there's still prime space for three or four more restaurants, CBRE senior vice president Houman Mahboubi, who represents Century Plaza's nearly 100,000 square feet of dining, shopping and wellness space, indicated that there is strong interest from across the country as well. 'People want all of the amenities. It's the hottest market after Beverly Hills,' said Mahboubi. Office DevelopmentA crucial piece of new development is Century City Center, a 37-story tower developed by JMB Realty Corp. and designed by Johnson Fain, at 1950 Avenue of the Stars. Plans are on track to open the building in the second quarter of next year, anchored by CAA's 400,000-square-foot headquarters along with offices for law firm Sidley Austin and investment firm Clearlake Capital. General contractor Clark Construction celebrated a topping-out ceremony last December, and most of the building has been pre-leased. It has four full floors available, although there has been strong activity, according to the landlord representatives Eric Olofson, Pete Collins and Scott Menkus of Cushman & Wakefield. 'We expect the building to deliver fully leased,' said Eric Olofson, Cushman & Wakefield executive vice chairman. He stated that tenants are attracted to the amenities offered such as a tenant lounge, outdoor park and private gym, along with other features such as wellness amenities. For example, each floor of the building can control its HVAC and refresh air on a nightly basis, should they choose to do so. The building is targeting LEED Platinum certification, which represents the highest level of sustainable design for energy efficiency, minimal water usage, reduced greenhouse gas emissions, and a commitment to improving occupant health and well-being. In addition, the building will utilize technology called Cohesion that allows tenants to enter with the convenience and security of digital access with Apple or Google Wallet on their smartphones. They will also have one-tap access to space reservations, onsite events and instant building alerts. The new building has commanded lease rates in excess of $10 per square foot. It represents the high-water mark for the city and much of the West Coast. Those rates have directly led to increases in nearby buildings, where deals have transacted above $9 per square foot. According to data from brokerage firm Savills, contract and effective rents are at an all-time high in Century City, and the top six buildings are above $8 per square foot per month. Savills is among the companies that left Downtown for Century City. The commercial real estate firm plans to expand into a 24,000-square-foot office there later this year. 'You won't find better owners that are well-funded and are tenant service first' said Josh Gorin, president of Savills Los Angeles. He noted that statistics can be skewed by the availability rate at roughly 20% for the 13 million-square-foot area because trophy buildings have availability at half of that figure, and there are very few blocks that can accommodate tenants greater than 50,000 square feet. However, there are price points that work for many companies, with buildings ranging from $4.50 a square foot per month and up. Companies tend to sign long-term leases in Century City to mitigate the cost of construction. Moreover, they are focused on providing amenities that make the workspace collaborative. Savills' new office is hospitality focused, according to Goring, and the space has been reimagined to be a gathering place for employees and clients. Among its many features is a golf simulator. That sentiment was echoed by Andrew Ratner, executive managing director of CBRE's Century City office. The firm relocated to 2000 Avenue of the Stars at the beginning of 2024 that includes a hidden speakeasy-type space within its confines. About 110 employees regularly work at the office, which has 14 different types of workspaces available and connectivity at every desk for both individual and group work. 'Wellness and sustainability were a big part of our planning,' said Ratner. 'Attendance and the energy level in the office are both up. Century City is such a vibrant market.'
Miami Herald
20-06-2025
- Business
- Miami Herald
Tony Robbins sends strong message to Americans on 401(k)s
Many Americans preparing for retirement through savings and investments often encounter significant financial hurdles as they work toward a secure and enjoyable future. They eventually come to realize that while Social Security provides a foundational stream of income, it was never designed to fully support every cost of living throughout the entirety of retirement. According to renowned motivational speaker and author Tony Robbins, although 401(k) plans offer valuable opportunities, workers frequently encounter scenarios that could jeopardize their long-term financial well-being. Don't miss the move: Subscribe to TheStreet's free daily newsletter Regularly contributing to retirement accounts that offer tax advantages - such as 401(k) plans and Individual Retirement Accounts (IRAs) - is a smart financial strategy. Taking full advantage of these contributions, particularly with regard to 401(k) plans when an employer match is available, can greatly enhance retirement savings over the long term. Robbins has emphasized the importance of financial awareness when it comes to retirement planning. One of his key messages is a warning to American workers regarding misconceptions about Social Security and 401(k) plans. Related: Jean Chatzky sends strong message to Americans on Social Security A crucial part of effective retirement planning certainly involves understanding how Social Security benefits are determined and carefully choosing when to begin claiming them. By postponing benefits beyond one's full retirement age, retirees can receive higher monthly payouts from the program. Considering this background, Robbins highlights a critical caution about how 401(k) plans are used - urging workers to avoid common pitfalls that could affect their financial futures. Tony Robbins points out that for three decades, companies managing 401(k) plans were not required to reveal how much they were charging in fees. Now that disclosure is mandatory, he believes many providers hide those costs in lengthy, complex documents - making it hard for individuals to truly grasp what they're paying and keeping them largely uninformed. "What the majority of Americans don't realize is that an increase in 1% in fees will cost you 10 years in retirement income," Robbins wrote. More on retirement: Dave Ramsey offers urgent thoughts about MedicareJean Chatzky shares major statement on Social SecurityTony Robbins has blunt words on IRAs,401(k)s Robbins uses a straightforward hypothetical scenario to underscore the long-term impact of investment fees on retirement savings. In his example, three employees - let's call them Employee 1, Employee 2, and Employee 3 - each invest $100,000 at age 35 into separate mutual funds. All three investments generate the same steady annual return of 8%, and none of them withdraw any funds for 30 years. However, each employee is subject to a different annual fee: 1%, 2%, and 3%, respectively. By the time they reach age 65, Robbins clarifies, the variation in fees has created a striking difference in their account balances. Despite identical contributions and returns, Employee 1, who paid the lowest fee, has nearly double the retirement savings of Employee 3, who paid the highest. Related: Dave Ramsey sends strong message to Americans on Medicare Robbins emphasizes that the cost of high investment fees doesn't end at retirement. Using the scenario of each employee needing $60,000 annually to fund their retirement, he notes that the long-term consequences become even clearer. The employee facing the highest fees - Employee 3 - depletes their savings before reaching 75, while Employee 1, who paid the lowest fees, sees their nest egg last until age 95. According to Robbins, this stark contrast demonstrates how even small differences in fees can compound into significant financial disparities. It's a powerful reminder, he says, that being mindful of investment costs isn't just a matter of saving money - it's a crucial step in safeguarding long-term financial security. "I learned about these abuses while writing 'Money: Master the Game,' and it made me so angry that people were getting robbed blind," Robbins wrote. "So I brought in America's Best 401(k)." America's Best 401(k) is a retirement plan provider that says it aims to reduce the high fees commonly associated with traditional 401(k) plans. Robbins asked the firm to asses the 401(k) plan used by his own research company and ended up using their proposed solution. "They showed me that we were paying 276% more than we needed to for the same exact stocks," Robbins wrote. "It saved my employees $5 million in their retirement, and it cost nothing." Related: Shark Tank's Kevin O'Leary warns Americans on 401(k)s The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
