the past few decades, life and business strategist Tony
Robbins has become a household name. His boundless
energy, determination and philanthropic nature has made
him one of the go-to experts on how to have a fulfilling
life and career.
started from humble beginnings, growing up in a
low-income, broken household, but today his net worth is
estimated at over $480 million.
are some of his top pieces of advice on how to change
your mindset in ways that can have a positive impact on
your life and finances.
people who find themselves in a rut, or who are unsure
of which steps to take to improve their lives, finding a
focus is important. However, itís equally important to
find the right focus for your life.
comes from having a mission; it comes from something
that youíre being pulled by, not something youíre
pushing on," Robbins told well-known business
expert Marie Forleo in a one-on-one interview. "If
thereís something that youíre made for, then thereís
a level of energy that most people would never dream of
Ö We all have that, but most of us donít connect to
it and unleash it."
said he lives in this mindset each and every day. In
order to apply this to your own life, itís important
to spend time thinking about what youíre really
passionate about, whether itís big or small. The more
excited and the more passionate you are about your goals
in life, the more powerful you can be.
TRADING TIME FOR MONEY
it comes to walking the path to financial freedom,
Robbins frequently talks about the issue of trading time
for money. "If you work for a living, youíre
trading your time for money," he wrote in an
article for Entrepreneur magazine.
itís just about the worst trade youíll ever make in
life: You can always get more money, but you canít get
more time," he wrote. "In the end, it doesnít
matter how much money you earn. If you donít set aside
some, you could lose it all Ö This is the first and
most important step in putting yourself on the road to
financial freedom. Take that step today."
essence, you canít quit your job today, but you can
start saving today. If there is a business you want to
start or something you want to spend all your time
doing, he advised to start saving now. The more money
you save, the faster you can focus on the things you
want to spend your time doing.
is sometimes an easily overlooked step, especially in
difficult times. However, it can have a great positive
impact on your life when you follow it.
his book, "MONEY Master the Game," Robbins
quoted Sir John Templeton, whom he called one of
"the greatest investors in history." In an
interview with marketing expert Lewis Howes, Robbins
said Templeton told him: "If you have nothing, but
youíre euphorically grateful for whatever you have,
youíre the richest person youíre ever going to
said he makes gratitude a part of his morning routine.
Every morning, he spends some time thinking of the
things in his life that he is grateful for, which helps
him start his day. Anyone can start this practice, and
the great thing is that itís simple. To keep things
consistent and make this a habit, you can even start a
A DISCIPLINED INVESTOR
revealed his best piece of financial advice in an
interview for TIME Money. "Donít think in terms
of taking huge risks to get huge rewards," he said.
"Think about the least amount of risk for the
greatest reward, and be disciplined about that."
cited Richard Branson as a great example of someone who
takes great risks in life but not in his finances.
Instead, he said itís very important to know what the
downside is to an investment, and to have a plan to
protect yourself from the potential downside. This is a
great lesson for anyone to be wise with their
investments, including taking note of any excessive fees
that might be eating away at their investment returns.
BE AFRAID TO FAIL
itís not uncommon to fear failure, Robbins has a
different take on it. "Unfortunately, weíre
programmed to fear this thing called Ďfailure,í so
we try everything we can to avoid it, which is
pointless," he told Success magazine. "Failure
is often necessary for real learning to occur."
is a mindset that can absolutely be applied to both life
and finances. No one is perfect when it comes to money,
and sometimes making money mistakes allows us to learn
and progress. The same is true when it comes to life and
happiness. Youíre not going to have a perfect day
every day, but lifeís failures can sometimes lead to
lifeís greatest successes.
welcome failure. Otherwise, getting lost in it and
feeling sorry for yourself could prevent you from
succeeding in the future.
HARDER ON YOURSELF THAN ANYTHING ELSE
told Bloomberg Business that the best piece of advice he
ever got came from his mentor, Jim Rohn. "Find a
way to add more value than anybody else does, and youíll
never have to worry about anything," Rohn told him.
"Every day, work harder on yourself than anything
else, because if you become more intelligent, more
valuable, more skilled ó you can add more value to
same lesson can be applied to your life and finances.
The more knowledgeable and savvy you are with your
money, the more people you can help.
your savings is a very important part of living rich.
"The majority of us have this thought process Ö
that today is more important than tomorrow," he
told the OWN Network. However, itís that mindset that
can lead you not to save enough, or at all.
in order to "trick yourself" into saving for
tomorrow, Robbins said itís important to save
automatically. Talk to your employer about putting a
certain percentage of every raise into your retirement
account. If it happens automatically without you
thinking about it, the money will just start to
accumulate and hopefully grow due to the power of
WHAT YOU DONíT THINK YOU CAN GIVE
generous is another big key to living rich, no matter
what your income. "If you donít give a dime out
of a dollar, youíre not going to give a million out of
10 million. Ö (Generosity) teaches your brain thereís
more than enough when youíll give what you donít
think you can give," he said in an interview with
Brendon Burchard, an author on motivation and online
way this can have a positive impact on your finances is
that it can show you how to live on a lesser amount of
money, and make you more astute when it comes to
managing your finances. In addition to that, giving back
to your community and helping those in need can give you
a greater sense of connection with people, and help you
cultivate gratitude in your own life and on a bigger
of the roadblocks people encounter could be due to their
mindset. However, just like physical strength, you can
build psychological strength.
youíre psychologically strong enough, you can not only
survive, but you can thrive when tough situations occur,
as opposed to letting the environment control you and
take over," he told Success magazine. "Itís
really about mastering strength within yourself so that
you can conquer the outer world around you."
teachings can be applied to so many things in life.
However, surviving and thriving in tough financial times
can teach you how to be resilient, stronger and better
with money in the future.
natural to go through periods of feeling stuck in life.
However, that could be a great sign that itís time for
you to break out of your comfort zone and try new
things. "What makes us feel alive is growing, and
when we grow, we have something to give," he told
The New York Times.
you want to be happy, but youíre having a tough time
in life due to personal or financial issues, itís
important to take whatever steps possible ó even small
ones ó to progress and grow. Take a small step to make
things better. Save a little bit of money. Put your
first dollar into investments. Use any windfall or extra
money to do something nice for somebody else. If you
feel stuck and unhappy, remember what Robbins said:
"Progress equals happiness."