How to Get RICH | Unshakeable by Tony Robbins | 10 BEST Ideas | Book Summary

About this video

Clark Kegley summarizes Tony Robbins’ ‘Unshakeable,’ presenting 10 ideas for becoming financially secure, with a disclaimer that he is not a financial expert. He says the creator recounts Robbins’ story of a low-paid UPS worker who, according to the book, committed to a 20% ‘wealth tax’ on every paycheck and bonus and retired wealthy, which Kegley uses to argue wealth requires discipline and time. He stresses starting today and compounding: comparing a 19-year-old who saves $300/month briefly and leaves it invested versus a 29-year-old who saves longer, he claims the earlier starter ends ahead because of compounding. He warns against fear and ‘Chicken Little’ predictions, citing the book’s account of a hedge fund manager whose mantra in 2008 was ‘stay the course,’ and argues you cannot time the market, noting missing the best trading days sharply cuts returns. He shares Buffett-style rules quoted in the book — don’t lose money, be fearful when others are greedy — and recommends index funds like the S&P 500 for diversification across asset class, within a class, country, and time. He closes by urging viewers to be owners not consumers and mentions apps he uses, including Mint and Charles Schwab.

Key takeaways

• Creator says to impose a ‘wealth tax’ on yourself — automatically save a fixed percentage of every paycheck, as in the UPS worker story he recounts from the book.
• Start investing as early as possible; Kegley argues compounding makes an early start outweigh larger later contributions.
• Do not pull out in a crash out of fear — he cites the book’s ‘stay the course’ mantra from 2008.
• You cannot time the market, per the creator; being out for even the best few trading days can sharply reduce returns.
• Use index funds and diversify across asset classes, countries, and time, and shift from consumer to owner by holding assets.

Episode details: published March 29, 2017 · 15:57 long. Summary written by Self Growth Videos from the episode itself. Business results and any income figures mentioned are Clark Kegley’s own claims, shared for education — they are not typical or guaranteed.

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