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Flashcards in Unshakeable by Tony Robbins Deck (379)
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1

Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver. —AYN RAND

Unshakeable by Tony Robbins

2

never forget about these two ferocious foes of stock market success: fear and fees.

Unshakeable by Tony Robbins

3

Five out of the six index cards addressed the topic of how to invest your savings, and each gave the same simple advice: invest in index funds.

Unshakeable by Tony Robbins

4

The gross return of the market minus the cost of investing equals the net return to investors. This “cost matters hypothesis” is all you need to know to understand the benefits of index investing. Over an investment lifetime, this annual difference really adds up.

Unshakeable by Tony Robbins

5

By buying low-cost, broad-market index funds (and holding them “forever”), you can guarantee that you will receive your fair share of whatever returns the financial markets provide over the long term.

Unshakeable by Tony Robbins

6

When you’re truly unshakeable, you have unwavering confidence even amidst the storm.

Unshakeable by Tony Robbins

7

you don’t have to predict the future to win this game.

Unshakeable by Tony Robbins

8

you have to focus on what you can control, not on what you can’t.

Unshakeable by Tony Robbins

9

The winners of the financial game know that they can’t control the future, either. They know their predictions will often be wrong because the world is just too complex and fast changing for anybody to foresee the future.

Unshakeable by Tony Robbins

10

decisions are the ultimate power. Decisions equal destiny.

Unshakeable by Tony Robbins

11

My life’s obsession is to help people create the life of their dreams. My greatest pleasure is to show them how to rise from pain to power. I can’t bear to see others suffer, because I know how it feels.

Unshakeable by Tony Robbins

12

People love to say that knowledge is power. But the truth is that knowledge is only potential power. You and I both know that it’s useless if you don’t act on it.

Unshakeable by Tony Robbins

13

execution trumps knowledge every day of the week.

Unshakeable by Tony Robbins

14

Many billionaires have what’s called a “family office”: an in-house team that provides them with sophisticated advice on everything from investing and insurance to tax preparation and estate planning.

Unshakeable by Tony Robbins

15

I’m happy to tell you that if you have $100,000 or more in investable assets, his company will provide a complimentary review of your current portfolio and give you specific feedback as it relates to your goals.

Unshakeable by Tony Robbins

16

Creative Planning, at www.getasecondopinion.com.

Unshakeable by Tony Robbins

17

The vast majority of mutual funds are actively managed, which means they’re run by people who attempt to pick the best investments at the best time. Their goal is to “beat the market.”

Unshakeable by Tony Robbins

18

The problem is, most funds do a terrific job of charging high fees but a terrible job of picking successful investments. One study showed that 96% of mutual funds failed to beat the market over a 15-year period.I The result? You overpay for underperformance.

Unshakeable by Tony Robbins

19

a hedge fund is a private fund available only to high-net-worth investors. The managers have complete flexibility to bet on both directions of the market (up or down). They charge hefty management fees (typically 2%) and share in the profits (typically 20% of profits go to the manager). A mutual fund is a public fund available to anyone. In most cases, they are actively managed by a team who assembles a portfolio of stocks, bonds, or other assets and continually trades their holdings in hopes to beat the “market.” An index fund is also a public fund but requires no “active” managers. The fund simply owns all the stocks in the index (for example, they would own all 500 stocks in the S&P 500 index).

Unshakeable by Tony Robbins

20

If you overpay by 1% a year, it will cost you 10 years’ worth of retirement income.II

Unshakeable by Tony Robbins

21

“When a person with experience meets a person with money, the person with experience ends up with the money; and the person with money ends up with an experience.”

Unshakeable by Tony Robbins

22

most people find it really hard to sit tight and stay in the market when everything is going haywire.

Unshakeable by Tony Robbins

23

the S&P 500 returned an average of 10.28% a year from 1985 to 2015. At this rate, your money doubles every seven years.

Unshakeable by Tony Robbins

24

But while the market returned 10.28% per year, Dalbar found that the average investor made only 3.66% a year over those three decades!

Unshakeable by Tony Robbins

25

a Buddhist monk traveling home one night on a rural path. He catches sight of a poisonous snake blocking his way, panics, and runs for dear life in the opposite direction. The next morning, he returns to this scene of terror. But now, in the brightness of day, he realizes that the coiled snake in his path was just a harmless piece of rope.

Unshakeable by Tony Robbins

26

the snake you fear is really just a rope.

Unshakeable by Tony Robbins

27

you can’t win this game unless you have the emotional fortitude to get in it and stay in it for the long term.

Unshakeable by Tony Robbins

28

The key to making money in equities is not to get scared out of them. —PETER LYNCH,

Unshakeable by Tony Robbins

29

Our gift for pattern recognition literally changed the course of human history.

Unshakeable by Tony Robbins

30

we’re not rewarded when we do the right thing at the wrong time.

Unshakeable by Tony Robbins

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