{"id":538,"date":"2018-05-23T22:23:12","date_gmt":"2018-05-23T12:23:12","guid":{"rendered":"http:\/\/www.q3ed.com\/?p=538"},"modified":"2023-09-06T09:49:05","modified_gmt":"2023-09-06T09:49:05","slug":"money-master-the-game","status":"publish","type":"post","link":"https:\/\/murrayslatter.me\/?p=538","title":{"rendered":"Money &#8211; Master the Game"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Author: Who&nbsp;is&nbsp;Anthony&nbsp;Robbins<\/h2>\n\n\n\n<p>Anthony\u00a0J.\u00a0Mahavorick,\u00a0fondly\u00a0known\u00a0as\u00a0Tony\u00a0Robbins,\u00a0is\u00a0an\u00a0American\u00a0mentor,\u00a0life\u00a0coach\u00a0and\u00a0author\u00a0of\u00a0self help\u00a0books.\u00a0As\u00a0a\u00a0life\u00a0coach,\u00a0Anthony\u00a0has\u00a0helped\u00a0millions\u00a0of\u00a0people\u00a0shape\u00a0their\u00a0lives,\u00a0but\u00a0he\u00a0truly\u00a0states\u00a0that\u00a0money,\u00a0an\u00a0abstract\u00a0thing,\u00a0can\u00a0help\u00a0you\u00a0change\u00a0your\u00a0dreams\u00a0into\u00a0reality.\u00a0He\u00a0adds\u00a0that\u00a0if\u00a0we\u00a0don\u2019t\u00a0use\u00a0money,\u00a0then\u00a0money\u00a0will\u00a0definitely\u00a0use\u00a0us.\u00a0Therefore,\u00a0we\u00a0need\u00a0to\u00a0master\u00a0money\u00a0or\u00a0it\u00a0will\u00a0gain\u00a0an\u00a0edge\u00a0and\u00a0master\u00a0us.<br>In\u00a0his\u00a0quest\u00a0to\u00a0help\u00a0people\u00a0learn\u00a0more\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0money,\u00a0Tony\u00a0has\u00a0crafted\u00a0this\u00a0book\u00a0that\u00a0contains\u00a0unusual,\u00a0but\u00a0simple\u00a0ways\u00a0of\u00a0making\u00a0money\u00a0for\u00a0an\u00a0average\u00a0investor.\u00a0The\u00a0book\u00a0is\u00a0easy\u00a0to\u00a0understand\u00a0and\u00a0with\u00a0the\u00a0number\u00a0of\u00a0highly\u00a0successful\u00a0people\u00a0interviewed,\u00a0you\u00a0will\u00a0soon\u00a0find\u00a0out\u00a0why\u00a0Tony\u00a0is\u00a0so\u00a0successful.\u00a0Most\u00a0importantly,\u00a0he\u00a0is\u00a0successful\u00a0because\u00a0he\u00a0cares.<br>Tony\u00a0discloses\u00a0many\u00a0other\u00a0financial\u00a0secrets\u00a0including\u00a0the\u00a0power\u00a0of\u00a0compounding\u00a0interest,\u00a0retirement\u00a0plans,\u00a0security\u00a0buckets,\u00a0risk\u00a0buckets,\u00a0dream\u00a0buckets\u00a0and\u00a0a\u00a0lot\u00a0more\u00a0in\u00a0the\u00a0book:<a href=\"https:\/\/www.amazon.com.au\/Money-Master-Game-Financial-Freedom-ebook\/dp\/B00NZWJD44?keywords=money+master+game&amp;qid=1693993547&amp;s=digital-text&amp;sprefix=money%3A+master+%2Cdigital-text%2C285&amp;sr=1-1&amp;linkCode=ll1&amp;tag=bywineexecuti-22&amp;linkId=b9ee31642f5f5aa60d8ef99cf0870bce&amp;ref_=as_li_ss_tl\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0<strong>Money:\u00a0Master\u00a0the\u00a0Game\u00a0\u2013\u00a07\u00a0Simple\u00a0Steps\u00a0to\u00a0Financial\u00a0Freedom<\/strong>\u00a0\u00a0<\/a><br>REVIEW: This\u00a0roadmap\u00a0to\u00a0financial\u00a0freedom\u00a0does\u00a0not\u00a0alter\u00a0my basic investment thesis and there are a few\u00a0areas\u00a0in\u00a0the\u00a0book\u00a0that\u00a0could\u00a0have\u00a0been\u00a0presented\u00a0a\u00a0little\u00a0better.\u00a0The\u00a0best\u00a0section\u00a0in\u00a0the\u00a0book\u00a0is\u00a0undoubtedly\u00a0Robbins\u2019\u00a0indepth\u00a0interviews\u00a0with\u00a0billionaires\u00a0and\u00a0highly\u00a0successful\u00a0people.\u00a0\u00a0In\u00a0this\u00a0section,\u00a0near\u00a0the\u00a0end,\u00a0he\u00a0gets\u00a0high-powered\u00a0investors\u00a0to\u00a0share their\u00a0\u00a0wisdom\u00a0\u00a0and philosophy.\u00a0\u00a0Throughout the\u00a0\u00a0book, Robbins\u00a0\u00a0continuously provides insights\u00a0\u00a0how\u00a0money\u00a0follows\u00a0simple\u00a0rules.\u00a0In\u00a0short,\u00a0it\u2019s\u00a0about\u00a0maximizing\u00a0the\u00a0gap\u00a0between\u00a0how\u00a0much\u00a0you\u00a0earn\u00a0and\u00a0how\u00a0\u00a0\u00a0\u00a0much\u00a0you\u00a0spend\u00a0and\u00a0investing\u00a0the\u00a0difference\u00a0wisely.\u00a0\u00a0\u00a0For\u00a0the\u00a0more\u00a0sophisticated\u00a0investor,\u00a0the\u00a0book\u00a0might\u00a0\u00a0\u00a0\u00a0seem\u00a0a\u00a0bit\u00a0off\u00a0target.\u00a0Rather\u00a0than\u00a0maximizing\u00a0the\u00a0investor\u2019s\u00a0return,\u00a0the\u00a0book\u00a0has\u00a0a\u00a0strong\u00a0focus\u00a0on\u00a0lowering\u00a0portfolio\u00a0\u00a0volatility\u00a0\u00a0\u2013\u00a0\u00a0something\u00a0\u00a0we\u00a0\u00a0don\u2019t\u00a0\u00a0care\u00a0\u00a0that\u00a0\u00a0much\u00a0\u00a0about.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>WELCOME&nbsp;TO&nbsp;THE&nbsp;JUNGLE:&nbsp;THE&nbsp;JOURNEY&nbsp;BEGINS&nbsp;WITH&nbsp;THIS&nbsp;FIRST&nbsp;STEP&nbsp;&nbsp;<\/strong><\/h3>\n\n\n\n<p>Apart\u00a0from\u00a0revealing\u00a0trade\u00a0secrets\u00a0that\u00a0could\u00a0help\u00a0us\u00a0make\u00a0money,\u00a0Tony\u00a0doesn\u2019t\u00a0hesitate\u00a0to\u00a0point\u00a0out\u00a0the\u00a0crucial\u00a0mistakes\u00a0we\u00a0make\u00a0while\u00a0we\u00a0are\u00a0overwhelmed\u00a0in\u00a0the\u00a0race\u00a0to\u00a0make\u00a0money.\u00a0Long\u00a0ago,\u00a0people\u00a0didn\u2019t\u00a0have\u00a0to\u00a0worry\u00a0about\u00a0saving\u00a0for\u00a0their\u00a0retirement\u00a0since\u00a0they\u00a0could\u00a0lean\u00a0back\u00a0on\u00a0their\u00a0pension\u00a0and\u00a0enjoy\u00a0the\u00a0fruits\u00a0of\u00a0their\u00a0labor;\u00a0however,\u00a0since\u00a0pension\u00a0plans\u00a0are\u00a0becoming\u00a0extinct\u00a0nowadays,\u00a0Tony\u00a0warns\u00a0people\u00a0to\u00a0understand\u00a0the\u00a0power\u00a0of\u00a0saving\u00a0money\u00a0in\u00a0order\u00a0to\u00a0lead\u00a0a\u00a0life\u00a0that\u2019s\u00a0financially\u00a0independent.\u00a0He\u00a0compares\u00a0the\u00a0concept\u00a0of\u00a0money\u00a0with\u00a0politics\u00a0and\u00a0\u00a0Religion.\u00a0Everyone\u00a0seems\u00a0to\u00a0have\u00a0a\u00a0very\u00a0passionate\u00a0opinion,\u00a0and\u00a0for\u00a0that\u00a0reason\u00a0it\u00a0can\u00a0be\u00a0really\u00a0hard\u00a0to\u00a0find\u00a0good\u00a0objective\u00a0advice.<br>Among\u00a0several\u00a0billionaires\u00a0he\u00a0interviewed,\u00a0Ray\u00a0Dalio,\u00a0the\u00a0founder\u00a0of\u00a0a\u00a0hedge\u00a0fund\u00a0company\u00a0with\u00a0a\u00a0staggering\u00a0$160\u00a0billion,\u00a0drives\u00a0the\u00a0point\u00a0home\u00a0by\u00a0stating\u00a0that\u00a0investment\u00a0is\u00a0a\u00a0zero&#8212;sum\u00a0game.\u00a0Interestingly,\u00a0he\u00a0compares\u00a0investing\u00a0to\u00a0playing\u00a0poker,\u00a0where\u00a0an\u00a0average\u00a0investor\u00a0loses\u00a0money\u00a0since\u00a0he\u00a0plays\u00a0with\u00a0high\u00a0rollers\u00a0with\u00a0unlimited\u00a0resources\u00a0and\u00a0skills.<br>Ray\u00a0Dalio\u00a0also\u00a0insists\u00a0that\u00a0it\u2019s\u00a0never\u00a0a\u00a0great\u00a0idea\u00a0to\u00a0put\u00a0all\u00a0your\u00a0eggs\u00a0into\u00a0one\u00a0basket.\u00a0Interestingly,\u00a0he\u00a0views\u00a0the\u00a0investment\u00a0system\u00a0as\u00a0a\u00a0jungle\u00a0a\u00a0jungle\u00a0that\u00a0could\u00a0crush\u00a0a\u00a0common\u00a0man\u00a0if\u00a0he\u00a0isn\u2019t\u00a0enlightened\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0the\u00a0game.\u00a0To\u00a0win\u00a0in\u00a0the\u00a0investment\u00a0world,\u00a0which\u00a0is\u00a0infested\u00a0with\u00a0sharks\u00a0today,\u00a0one\u00a0must\u00a0have\u00a0the\u00a0ability\u00a0to\u00a0anticipate\u00a0\u2013\u00a0an\u00a0important\u00a0factor\u00a0according\u00a0to\u00a0Ray\u00a0Dalio\u00a0\u2013\u00a0and\u00a0predict\u00a0how\u00a0the\u00a0market\u00a0plays.<br>While making money,\u00a0\u00a0it\u2019s easy to believe that we are knowledgeable about everything,\u00a0\u00a0but\u00a0\u00a0Ray points out that t he\u00a0power\u00a0lies\u00a0in\u00a0recognizing\u00a0our\u00a0weaknesses\u00a0and\u00a0shedding\u00a0ignorance.\u00a0Tony\u00a0says\u00a0that\u00a0in\u00a0order\u00a0to\u00a0gain\u00a0true\u00a0mastery\u00a0over\u00a0money,\u00a0we\u00a0must\u00a0pass\u00a0three\u00a0levels;\u00a0cognitive\u00a0understanding,\u00a0physical\u00a0mastery,\u00a0and\u00a0repetition.\u00a0It\u2019s\u00a0about\u00a0training\u00a0your\u00a0mind\u00a0to\u00a0do\u00a0something\u00a0automatically\u00a0\u2013\u00a0a\u00a0method\u00a0of\u00a0repeating\u00a0something\u00a0consistently,\u00a0enabling\u00a0you\u00a0to\u00a0become\u00a0a\u00a0skilled\u00a0master.<br><strong>BECOME\u00a0THE\u00a0INSIDER:\u00a0KNOW\u00a0THE\u00a0RULES\u00a0BEFORE\u00a0YOU\u00a0GET\u00a0IN\u00a0THE\u00a0GAME\u00a0<\/strong><br>Our\u00a0life\u00a0consists\u00a0of\u00a0two\u00a0phases\u00a0namely\u00a0the\u00a0accumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0we\u00a0save\u00a0up\u00a0and\u00a0try\u00a0to\u00a0strive\u00a0ahead\u00a0to\u00a0reach\u00a0our\u00a0goals,\u00a0and\u00a0the\u00a0decumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0it\u2019s\u00a0time\u00a0to\u00a0reap\u00a0the\u00a0rewards\u00a0of\u00a0our\u00a0harvest\u00a0and\u00a0enjoy\u00a0life.\u00a0Most\u00a0of\u00a0us\u00a0disregard\u00a0simple\u00a0tactics\u00a0in\u00a0the\u00a0accumulation\u00a0phase\u00a0and\u00a0in\u00a0this\u00a0section,\u00a0Tony\u00a0breaks\u00a0down\u00a0the\u00a0myths\u00a0that\u00a0have\u00a0taken\u00a0over\u00a0the\u00a0world\u00a0of\u00a0investment.\u00a0For\u00a0decades,\u00a0people\u00a0have\u00a0followed\u00a0these\u00a0myths,\u00a0believing\u00a0them\u00a0to\u00a0be\u00a0true;\u00a0however,\u00a0their\u00a0hopes\u00a0crash\u00a0down\u00a0along\u00a0with\u00a0the\u00a0market\u00a0if\u00a0they\u00a0don\u2019t\u00a0take\u00a0precautionary\u00a0measures.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Myth&nbsp;1&nbsp;&#8212;&nbsp;&nbsp;THE&nbsp;$&nbsp;13T&nbsp;LIE:&nbsp;\u201cINVEST&nbsp;WITH&nbsp;US.&nbsp;WE\u2019LL&nbsp;BEAT&nbsp;THE&nbsp;&nbsp;&nbsp;MARKET!\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>The\u00a0first\u00a0rule\u00a0of\u00a0money\u00a0is\u00a0to\u00a0not\u00a0get\u00a0into\u00a0the\u00a0game\u00a0if\u00a0you\u00a0aren\u2019t\u00a0familiar\u00a0with\u00a0the\u00a0rules.\u00a0Thanks\u00a0to\u00a0the\u00a0marketing\u00a0gimmicks\u00a0used\u00a0by\u00a0several\u00a0companies,\u00a0many\u00a0of\u00a0us\u00a0fall\u00a0into\u00a0the\u00a0trap\u00a0and\u00a0invest\u00a0money\u00a0before\u00a0we\u2019re\u00a0even\u00a0aware\u00a0of\u00a0the\u00a0rules.\u00a0For\u00a0instance,\u00a0people\u00a0who\u00a0invest\u00a0in\u00a0active\u00a0funds\u00a0need\u00a0to\u00a0be\u00a0prepared\u00a0about\u00a0the\u00a0risks\u00a0they\u00a0take\u00a0because\u00a0selecting\u00a0a\u00a0good\u00a0fund\u00a0can\u00a0be\u00a0similar\u00a0to\u00a0casino\u00a0like\u00a0odds.\u00a0Active\u00a0funds\u00a0comprise\u00a0a\u00a0$13T\u00a0industry\u00a0where\u00a0the\u00a0house\u00a0always\u00a0wins.\u00a0No\u00a0matter\u00a0if\u00a0the\u00a0fund\u00a0returns\u00a0a\u00a0profit\u00a0or\u00a0not\u00a0for\u00a0the\u00a0investor,\u00a0the\u00a0fund\u00a0will\u00a0charge\u00a0high\u00a0fees.\u00a0Robbins\u00a0argues\u00a0that\u00a0it\u2019s\u00a0easier\u00a0and\u00a0beneficial\u00a0to\u00a0invest\u00a0in\u00a0index\u00a0funds\u00a0that\u00a0offer\u00a0minimum\u00a0risk.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Myth&nbsp;2&nbsp;&#8212;\u201cOUR&nbsp;FEES?&nbsp;THEY\u2019RE&nbsp;A&nbsp;SMALL&nbsp;PRICE&nbsp;TO&nbsp;PAY!\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>No&nbsp;matter&nbsp;what&nbsp;you&nbsp;buy,&nbsp;whether&nbsp;it\u2019s&nbsp;a&nbsp;beautiful&nbsp;car&nbsp;or&nbsp;a&nbsp;house,&nbsp;you&nbsp;end&nbsp;up&nbsp;paying&nbsp;more&nbsp;than&nbsp;you&nbsp;initially&nbsp;bargained&nbsp;for,&nbsp;and&nbsp;the&nbsp;investment&nbsp;world&nbsp;is&nbsp;no&nbsp;different.&nbsp;Most&nbsp;companies&nbsp;charge&nbsp;hidden&nbsp;fees&nbsp;and&nbsp;before&nbsp;we&nbsp;even&nbsp;realize&nbsp;where&nbsp;we&nbsp;went&nbsp;wrong,&nbsp;our&nbsp;money&nbsp;is&nbsp;gone,&nbsp;leaving&nbsp;us&nbsp;with&nbsp;a&nbsp;sense&nbsp;of&nbsp;betrayal.&nbsp;Several&nbsp;companies&nbsp;use&nbsp;terminology&nbsp;like&nbsp;trading&nbsp;costs,&nbsp;asset&nbsp;management&nbsp;fees,&nbsp;redemption&nbsp;fees,&nbsp;soft&#8212;dollar&nbsp;costs&nbsp;and&nbsp;a&nbsp;lot&nbsp;more&nbsp;to&nbsp;confuse&nbsp;people.&nbsp;But&nbsp;here\u2019s&nbsp;an&nbsp;important&nbsp;statistic&nbsp;from&nbsp;the&nbsp;book:<br>Three&nbsp;funds&nbsp;all&nbsp;start&nbsp;with&nbsp;$1,000.&nbsp;Each&nbsp;fund&nbsp;has&nbsp;different&nbsp;fees,&nbsp;1%,&nbsp;2%&nbsp;and&nbsp;3%.&nbsp;If&nbsp;the&nbsp;money&nbsp;grows&nbsp;at&nbsp;an&nbsp;8%&nbsp;growth&nbsp;rate&nbsp;for&nbsp;30&nbsp;years,&nbsp;this&nbsp;is&nbsp;how&nbsp;much&nbsp;money&nbsp;you&nbsp;would&nbsp;have&nbsp;in&nbsp;the&nbsp;end:<br>1%&nbsp;fees&nbsp;&#8212;&nbsp;$7,612<br>2%&nbsp;fees&nbsp;&#8212;&nbsp;$5,743<br>3%&nbsp;fees&nbsp;&#8212;&nbsp;$4,322<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Myth&nbsp;3&nbsp;\u2013&nbsp;\u201cOUR&nbsp;RETURNS?&nbsp;WHAT&nbsp;YOU&nbsp;SEE&nbsp;IS&nbsp;WHAT&nbsp;YOU&nbsp;GET\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>This&nbsp;is&nbsp;a&nbsp;myth&nbsp;that&nbsp;works&nbsp;just&nbsp;like&nbsp;the&nbsp;second&nbsp;myth&nbsp;with&nbsp;the&nbsp;hidden&nbsp;fee&nbsp;structures.&nbsp;The&nbsp;problem&nbsp;lies&nbsp;in&nbsp;the&nbsp;fact&nbsp;that&nbsp;we&nbsp;don\u2019t&nbsp;get&nbsp;the&nbsp;returns&nbsp;as&nbsp;advertised&nbsp;by&nbsp;the&nbsp;companies.&nbsp;Why,&nbsp;you&nbsp;ask?&nbsp;Some&nbsp;companies&nbsp;would&nbsp;advertise&nbsp;a&nbsp;25%&nbsp;return&nbsp;even&nbsp;though&nbsp;the&nbsp;return&nbsp;has&nbsp;been&nbsp;flat!&nbsp;Imagine&nbsp;that&nbsp;you&nbsp;invested&nbsp;$100&nbsp;that&nbsp;turned&nbsp;onto&nbsp;$200&nbsp;the&nbsp;following&nbsp;year&nbsp;(100%)&nbsp;and&nbsp;fell&nbsp;back&nbsp;to&nbsp;$100&nbsp;(50%).&nbsp;This&nbsp;simple&nbsp;calculation&nbsp;can&nbsp;be&nbsp;marketed&nbsp;as&nbsp;(100%&#8212;50%)\/2&nbsp;=&nbsp;25%&nbsp;average&nbsp;annual&nbsp;return.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;4:&nbsp;\u201cI\u2019M&nbsp;YOUR&nbsp;BROKER,&nbsp;AND&nbsp;I\u2019M&nbsp;HERE&nbsp;TO&nbsp;HELP\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>We&nbsp;are&nbsp;constantly&nbsp;influenced&nbsp;by&nbsp;brokers&nbsp;who&nbsp;promise&nbsp;higher&nbsp;returns&nbsp;on&nbsp;our&nbsp;investment,&nbsp;but&nbsp;shockingly,&nbsp;a&nbsp;study&nbsp;created&nbsp;by&nbsp;Morningstar&nbsp;in&nbsp;2009&nbsp;proclaimed&nbsp;that&nbsp;about&nbsp;49%&nbsp;of&nbsp;brokers&nbsp;didn\u2019t&nbsp;invest&nbsp;in&nbsp;the&nbsp;funds&nbsp;they&nbsp;managed!&nbsp;This&nbsp;just&nbsp;goes&nbsp;to&nbsp;show&nbsp;that&nbsp;they&nbsp;don\u2019t&nbsp;believe&nbsp;in&nbsp;the&nbsp;product&nbsp;they&nbsp;advertise&nbsp;and&nbsp;therefore,&nbsp;customers&nbsp;must&nbsp;only&nbsp;take&nbsp;the&nbsp;advice&nbsp;of&nbsp;a&nbsp;fiduciary&nbsp;that&nbsp;is&nbsp;legally&nbsp;certified&nbsp;to&nbsp;do&nbsp;so.&nbsp;In&nbsp;another&nbsp;statistic&nbsp;from&nbsp;the&nbsp;book,&nbsp;Tony&nbsp;uncovers&nbsp;that&nbsp;96%&nbsp;of&nbsp;actively&nbsp;managed&nbsp;mutual&nbsp;funds,&nbsp;fail&nbsp;to&nbsp;beat&nbsp;the&nbsp;S&amp;P&nbsp;500\u2019s&nbsp;performance.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;5:&nbsp;\u201cYOUR&nbsp;RETIREMENT&nbsp;IS&nbsp;JUST&nbsp;A&nbsp;401(K)&nbsp;AWAY\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>The&nbsp;401 (k)&nbsp;plan&nbsp;can&nbsp;be&nbsp;a&nbsp;great&nbsp;source&nbsp;of&nbsp;income&nbsp;for&nbsp;millions&nbsp;of&nbsp;Americans&nbsp;only&nbsp;if&nbsp;they&nbsp;are&nbsp;used&nbsp;in&nbsp;the&nbsp;right&nbsp;way.&nbsp;It\u2019s&nbsp;becoming&nbsp;increasingly&nbsp;arduous&nbsp;to&nbsp;use&nbsp;this&nbsp;plan&nbsp;and&nbsp;obtain&nbsp;great&nbsp;returns.&nbsp;Thanks&nbsp;to&nbsp;hidden&nbsp;fees&nbsp;such&nbsp;as&nbsp;the&nbsp;base&nbsp;fee,&nbsp;loans&nbsp;registration,&nbsp;communication&nbsp;expenses&nbsp;fee,&nbsp;loans&nbsp;maintenance&nbsp;fee&nbsp;and&nbsp;so&nbsp;on,&nbsp;it&nbsp;seems&nbsp;like&nbsp;it\u2019s&nbsp;the&nbsp;fastest&nbsp;way&nbsp;to&nbsp;burn&nbsp;your&nbsp;money.&nbsp;Tony&nbsp;advises&nbsp;people&nbsp;to&nbsp;take&nbsp;up&nbsp;\u2018America\u2019s&nbsp;Best&nbsp;401(k)&nbsp;plan\u2019&nbsp;and&nbsp;since&nbsp;he&nbsp;has&nbsp;tested&nbsp;the&nbsp;same&nbsp;with&nbsp;the&nbsp;employees&nbsp;of&nbsp;his&nbsp;company,&nbsp;he&nbsp;can&nbsp;attest&nbsp;to&nbsp;the&nbsp;fact&nbsp;that&nbsp;it\u2019s&nbsp;the&nbsp;best&nbsp;available&nbsp;plan.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;6:&nbsp;TARGET&#8212;DATE&nbsp;FUNDS:&nbsp;\u201cJUST&nbsp;SET&nbsp;IT&nbsp;AND&nbsp;FORGET&nbsp;IT\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>Although&nbsp;TDFs&nbsp;are&nbsp;touted&nbsp;as&nbsp;one&nbsp;of&nbsp;the&nbsp;best&nbsp;ways&nbsp;to&nbsp;gain&nbsp;great&nbsp;returns,&nbsp;many&nbsp;fail&nbsp;to&nbsp;make&nbsp;good&nbsp;on&nbsp;their&nbsp;promises.&nbsp;Tony&nbsp;found&nbsp;that&nbsp;62%&nbsp;of&nbsp;people&nbsp;thought&nbsp;they&nbsp;would&nbsp;be&nbsp;able&nbsp;to&nbsp;retire&nbsp;when&nbsp;the&nbsp;year,&nbsp;or&nbsp;\u201ctarget&nbsp;date,\u201d&nbsp;of&nbsp;the&nbsp;fund&nbsp;arrives.&nbsp;Unfortunately,&nbsp;this&nbsp;false&nbsp;perception&nbsp;is&nbsp;false&nbsp;and&nbsp;the&nbsp;date&nbsp;you&nbsp;set&nbsp;is&nbsp;your&nbsp;retirement&nbsp;year&nbsp;\u201cgoal\u201d.&nbsp;TDFs&nbsp;are&nbsp;not&nbsp;a&nbsp;plan&nbsp;to&nbsp;get&nbsp;you&nbsp;to&nbsp;your&nbsp;goals,&nbsp;but&nbsp;rather&nbsp;just&nbsp;an&nbsp;asset&nbsp;allocation&nbsp;that&nbsp;<em>should <\/em>become&nbsp;less&nbsp;risky&nbsp;as&nbsp;you&nbsp;get&nbsp;closer&nbsp;to&nbsp;retirement.&nbsp;Tony&nbsp;provides&nbsp;numerous&nbsp;examples&nbsp;why&nbsp;TDFs&nbsp;aren\u2019t&nbsp;everything&nbsp;people&nbsp;think&nbsp;they&nbsp;are.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;7:&nbsp;\u201cI&nbsp;HATE&nbsp;ANNUITIES,&nbsp;AND&nbsp;YOU&nbsp;SHOULD&nbsp;TOO\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>Tony&nbsp;talks&nbsp;about&nbsp;an&nbsp;online&nbsp;ad&nbsp;that&nbsp;stated&nbsp;how&nbsp;annuities&nbsp;are&nbsp;horrible&nbsp;investments.&nbsp;However,&nbsp;Tony&nbsp;isn\u2019t&nbsp;saying&nbsp;that&nbsp;annuities&nbsp;are&nbsp;amazing,&nbsp;but&nbsp;he\u2019s&nbsp;simply&nbsp;stating&nbsp;that&nbsp;the&nbsp;returns&nbsp;depend&nbsp;on&nbsp;the&nbsp;type&nbsp;of&nbsp;annuity&nbsp;you&nbsp;invest&nbsp;in,&nbsp;specifically&nbsp;through&nbsp;the&nbsp;fees&nbsp;you&nbsp;pay.&nbsp;In&nbsp;addition,&nbsp;while&nbsp;he&nbsp;asserts&nbsp;that&nbsp;variable&nbsp;annuities&nbsp;are&nbsp;bad,&nbsp;it&nbsp;is&nbsp;imperative&nbsp;for&nbsp;an&nbsp;investor&nbsp;to&nbsp;get&nbsp;his&nbsp;annuities&nbsp;reviewed&nbsp;every&nbsp;year&nbsp;by&nbsp;a&nbsp;specialist.&nbsp;Again,&nbsp;Tony&nbsp;recommends&nbsp;using&nbsp;a&nbsp;financial&nbsp;fiduciary.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;8:&nbsp;\u201cYOU&nbsp;GOTTA&nbsp;TAKE&nbsp;HUGE&nbsp;RISKS&nbsp;TO&nbsp;GET&nbsp;BIG&nbsp;REWARDS!\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>We&nbsp;hear&nbsp;so&nbsp;called&nbsp;\u2018experts\u2019&nbsp;telling&nbsp;us&nbsp;that&nbsp;it\u2019s&nbsp;essential&nbsp;to&nbsp;risk&nbsp;more&nbsp;if&nbsp;you&nbsp;want&nbsp;to&nbsp;win&nbsp;big;&nbsp;however,&nbsp;this&nbsp;is&nbsp;another&nbsp;myth&nbsp;that\u2019s&nbsp;cooked&nbsp;up&nbsp;by&nbsp;the&nbsp;investment&nbsp;world.&nbsp;Tony&nbsp;dispels&nbsp;all&nbsp;myths&nbsp;by&nbsp;talking&nbsp;about&nbsp;Structured&nbsp;Notes,&nbsp;Market&#8212;Linked&nbsp;CDs&nbsp;and&nbsp;Fixed&nbsp;Indexed&nbsp;Annuities&nbsp;that&nbsp;not&nbsp;only&nbsp;give&nbsp;you&nbsp;big&nbsp;returns,&nbsp;but&nbsp;also&nbsp;help&nbsp;you&nbsp;lower&nbsp;your&nbsp;risk&nbsp;when&nbsp;compared&nbsp;to&nbsp;active&nbsp;funds.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>MYTH&nbsp;9:&nbsp;\u201cTHE&nbsp;LIES&nbsp;WE&nbsp;TELL&nbsp;OURSELVES\u201d&nbsp;<\/strong><\/h4>\n\n\n\n<p>It\u2019s&nbsp;only&nbsp;possible&nbsp;to&nbsp;achieve&nbsp;success&nbsp;and&nbsp;financial&nbsp;freedom&nbsp;if&nbsp;we&nbsp;stop&nbsp;lying&nbsp;to&nbsp;ourselves&nbsp;and&nbsp;embrace&nbsp;the&nbsp;truth.&nbsp;No&nbsp;matter&nbsp;what&nbsp;investment&nbsp;we&nbsp;turn&nbsp;to,&nbsp;it\u2019s&nbsp;vital&nbsp;to&nbsp;divorce&nbsp;our&nbsp;own&nbsp;limitations&nbsp;and&nbsp;marry&nbsp;the&nbsp;truth&nbsp;to&nbsp;derive&nbsp;a&nbsp;positive&nbsp;outcome.&nbsp;Thus,&nbsp;it\u2019s&nbsp;time&nbsp;we&nbsp;take&nbsp;charge&nbsp;of&nbsp;our&nbsp;life&nbsp;and&nbsp;do&nbsp;what\u2019s&nbsp;best&nbsp;for&nbsp;us&nbsp;and&nbsp;our&nbsp;family.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>WHAT\u2019S&nbsp;THE&nbsp;PRICE&nbsp;OF&nbsp;YOUR&nbsp;DREAMS?&nbsp;MAKE&nbsp;THE&nbsp;GAME&nbsp;WINNABLE&nbsp;<\/strong><\/h3>\n\n\n\n<p>In\u00a0this\u00a0chapter,\u00a0Tony\u00a0talks\u00a0about\u00a0the\u00a0importance\u00a0of\u00a0determining\u00a0the\u00a0amount\u00a0of\u00a0money\u00a0you\u00a0need\u00a0to\u00a0amass\u00a0in\u00a0order\u00a0to\u00a0retire.\u00a0Interestingly,\u00a0Tony\u00a0also\u00a0maintains\u00a0that\u00a0your\u00a0number\u00a0could\u00a0be\u00a0a\u00a0lot\u00a0less\u00a0than\u00a0we\u00a0actually\u00a0perceive\u00a0in\u00a0the\u00a0beginning!\u00a0It\u2019s\u00a0not\u00a0really\u00a0impossible\u00a0to\u00a0achieve\u00a0that\u00a0number;\u00a0however,\u00a0it\u00a0depends\u00a0upon\u00a0several\u00a0factors\u00a0you\u00a0adapt\u00a0when\u00a0you\u00a0invest\u00a0your\u00a0money.\u00a0You\u2019re\u00a0finding\u00a0your\u00a0numbers\u00a0by\u00a0asking\u00a0yourself\u00a0which\u00a0lifestyle\u00a0you\u00a0want\u00a0to\u00a0have\u00a0and\u00a0what\u00a0the\u00a0associated\u00a0cost\u00a0of\u00a0that\u00a0lifestyle\u00a0is.\u00a0Say\u00a0you\u00a0want\u00a0to\u00a0have\u00a0$100,000\u00a0a\u00a0year\u00a0in\u00a0retirement\u00a0to\u00a0sustain\u00a0your\u00a0lifestyle.\u00a0The\u00a0way\u00a0of\u00a0thinking\u00a0is\u00a0very\u00a0simple.\u00a0Assuming\u00a0you\u00a0can\u00a0achieve\u00a0a\u00a06%\u00a0return,\u00a0that\u00a0means\u00a0you\u00a0will\u00a0need\u00a0to\u00a0accumulate\u00a0$100,000\u00a0*\u00a0(1\/6%)\u00a0=\u00a0$1.67\u00a0Million.\u00a0This\u00a0is\u00a0a\u00a0very\u00a0general\u00a0rule\u00a0of\u00a0thumb,\u00a0and\u00a0it\u00a0also\u00a0assumes\u00a0your\u00a0house\u00a0and\u00a0other\u00a0properties\u00a0will\u00a0need\u00a0to\u00a0be\u00a0paid&#8212;off.\u00a0\u00a0In\u00a0short,\u00a0this\u00a0is\u00a0a\u00a0very\u00a0important\u00a0discussion\u00a0because\u00a0it\u00a0puts\u00a0a\u00a0target\u00a0up\u00a0for\u00a0the\u00a0reader.<br>While\u00a0your\u00a0number\u00a0could\u00a0include\u00a0your\u00a0dreams\u00a0that\u00a0could\u00a0be\u00a0as\u00a0simple\u00a0as\u00a0owning\u00a0a\u00a0small\u00a0home,\u00a0he\u00a0affirms\u00a0that\u00a0your\u00a0big\u00a0dreams\u00a0such\u00a0as\u00a0owning\u00a0a\u00a0yacht\u00a0can\u00a0definitely\u00a0be\u00a0possible\u00a0too.\u00a0Even\u00a0if\u00a0you\u2019re\u00a0a\u00a0tad\u00a0late\u00a0to\u00a0the\u00a0party,\u00a0you\u00a0can\u00a0speed\u00a0it\u00a0up\u00a0and\u00a0win\u00a0the\u00a0game\u00a0if\u00a0you\u00a0adopt\u00a0the\u00a0right\u00a0strategies.\u00a0Tony\u00a0dissects\u00a0every\u00a0possible\u00a0strategy\u00a0that\u00a0includes\u00a0saving\u00a0more\u00a0and\u00a0earning\u00a0more\u00a0to\u00a0invest\u00a0the\u00a0difference,\u00a0thereby\u00a0enabling\u00a0you\u00a0to\u00a0achieve\u00a0your\u00a0goals\u00a0faster\u00a0than\u00a0you\u00a0ever\u00a0dreamed\u00a0of.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>MAKE&nbsp;THE&nbsp;MOST&nbsp;IMPORTANT&nbsp;INVESTEMNT&nbsp;DECISION&nbsp;OF&nbsp;YOUR&nbsp;LIFE&nbsp;<\/strong><\/h3>\n\n\n\n<p>After\u00a0you\u2019ve\u00a0made\u00a0the\u00a0decision\u00a0of\u00a0investing\u00a0in\u00a0index\u00a0funds\u00a0and\u00a0other\u00a0plans\u00a0that\u00a0compound\u00a0your\u00a0capital,\u00a0you\u00a0have\u00a0officially\u00a0started\u00a0playing\u00a0the\u00a0game.\u00a0Now\u00a0it\u2019s\u00a0time\u00a0to\u00a0start\u00a0focusing\u00a0on\u00a0your\u00a0asset\u00a0allocation.\u00a0Asset\u00a0allocation\u00a0is\u00a0arguably\u00a0the\u00a0most\u00a0important\u00a0decision\u00a0of\u00a0your\u00a0life\u00a0because\u00a0once\u00a0you\u00a0become\u00a0wealthy\u00a0(or\u00a0you\u2019re\u00a0on\u00a0that\u00a0path),\u00a0the\u00a0trick\u00a0lies\u00a0in\u00a0maintaining\u00a0your\u00a0wealth.<br>By\u00a0planning\u00a0a\u00a0simple\u00a0distribution\u00a0of\u00a0your\u00a0assets,\u00a0you\u00a0can\u00a0divide\u00a0them\u00a0among\u00a0the\u00a0Security\/Peace\u00a0bucket,\u00a0Risk\u00a0bucket\u00a0and\u00a0the\u00a0Dream\u00a0bucket.\u00a0While\u00a0the\u00a0Security\/Peace\u00a0bucket\u00a0is\u00a0an\u00a0allocation\u00a0for\u00a0investment\u00a0plans\u00a0you\u00a0simply\u00a0can\u2019t\u00a0afford\u00a0to\u00a0lose,\u00a0it\u00a0gives\u00a0you\u00a0a\u00a0cushion\u00a0to\u00a0help\u00a0live\u00a0comfortably.\u00a0The\u00a0Risk\u00a0bucket\u00a0is\u00a0all\u00a0about\u00a0investing\u00a0in\u00a0plans\u00a0that\u00a0might\u00a0give\u00a0higher\u00a0returns\u00a0with\u00a0higher\u00a0risk;\u00a0however,\u00a0you\u00a0will\u00a0have\u00a0to\u00a0be\u00a0prepared\u00a0to\u00a0take\u00a0losses\u00a0in\u00a0your\u00a0stride\u00a0if\u00a0you\u00a0invest\u00a0in\u00a0this\u00a0bucket.\u00a0Apart\u00a0from\u00a0that,\u00a0the\u00a0Dream\u00a0bucket\u00a0is\u00a0about\u00a0making\u00a0your\u00a0dreams\u00a0come\u00a0true\u00a0and\u00a0setting\u00a0apart\u00a0a\u00a0separate\u00a0amount\u00a0to\u00a0enjoy\u00a0vacations\u00a0and\u00a0other\u00a0luxuries,\u00a0this\u00a0will\u00a0keep\u00a0your\u00a0motivation\u00a0high.<br>But,\u00a0before\u00a0you\u00a0dive\u00a0in,\u00a0Tony\u00a0implores\u00a0you\u00a0to\u00a0be\u00a0cautious\u00a0and\u00a0rebalance\u00a0your\u00a0asset\u00a0allocations\u00a0at\u00a0least\u00a0once\u00a0every\u00a0year.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>UPSIDE&nbsp;WITHOUT&nbsp;THE&nbsp;DOWNSIDE:&nbsp;CREATE&nbsp;A&nbsp;LIFETIME&nbsp;INCOME&nbsp;PLAN&nbsp;<\/strong><\/h3>\n\n\n\n<p>In&nbsp;this&nbsp;chapter,&nbsp;Tony&nbsp;talks&nbsp;about&nbsp;the&nbsp;importance&nbsp;of&nbsp;protecting&nbsp;your&nbsp;principal&nbsp;and&nbsp;developing&nbsp;a&nbsp;way&nbsp;to&nbsp;have&nbsp;upside&nbsp;potential&nbsp;without&nbsp;all&nbsp;the&nbsp;risk&nbsp;of&nbsp;losing&nbsp;your&nbsp;money.&nbsp;In&nbsp;an&nbsp;interview&nbsp;with&nbsp;Billionaire,&nbsp;Ray&nbsp;Dalio,&nbsp;Tony&nbsp;collects&nbsp;the&nbsp;percentages&nbsp;of&nbsp;Dalio\u2019s&nbsp;asset&nbsp;allocation&nbsp;for&nbsp;his&nbsp;all&nbsp;weather&nbsp;fund.&nbsp;The&nbsp;\u201cAll&nbsp;Weather&nbsp;portfolio\u201d&nbsp;is&nbsp;meant&nbsp;to&nbsp;protect&nbsp;the&nbsp;investor&nbsp;from&nbsp;the&nbsp;four&nbsp;financial&nbsp;seasons&nbsp;namely;&nbsp;Inflation,&nbsp;deflation,&nbsp;economic&nbsp;growth,&nbsp;and&nbsp;economic&nbsp;recession.&nbsp;According&nbsp;to&nbsp;Ray,&nbsp;it\u2019s&nbsp;a&nbsp;great&nbsp;idea&nbsp;to&nbsp;invest&nbsp;at&nbsp;least&nbsp;30%&nbsp;of&nbsp;your&nbsp;money&nbsp;in&nbsp;stocks&nbsp;such&nbsp;as&nbsp;the&nbsp;S&amp;P&nbsp;500&nbsp;and&nbsp;other&nbsp;low&nbsp;fee&nbsp;index&nbsp;funds.&nbsp;Apart&nbsp;from&nbsp;that,&nbsp;about&nbsp;15%&nbsp;of&nbsp;your&nbsp;money&nbsp;can&nbsp;be&nbsp;invested&nbsp;in&nbsp;intermediate&nbsp;government&nbsp;bonds,&nbsp;40%&nbsp;in<br>long&#8212;term&nbsp;government&nbsp;bonds,&nbsp;7.5%&nbsp;in&nbsp;gold,&nbsp;and&nbsp;7.5%&nbsp;in&nbsp;commodities.<br>Tony&nbsp;argues&nbsp;that&nbsp;the&nbsp;\u2018All&nbsp;Weather&nbsp;portfolio\u2019&nbsp;not&nbsp;only&nbsp;helps&nbsp;you&nbsp;make&nbsp;money,&nbsp;but&nbsp;it&nbsp;also&nbsp;prevents&nbsp;you&nbsp;from&nbsp;making&nbsp;poor&nbsp;decisions&nbsp;that&nbsp;could&nbsp;be&nbsp;catastrophic&nbsp;for&nbsp;your&nbsp;future.&nbsp;The&nbsp;key&nbsp;here&nbsp;is&nbsp;not&nbsp;to&nbsp;predict&nbsp;or&nbsp;beat&nbsp;the&nbsp;market&nbsp;but&nbsp;it\u2019s&nbsp;a&nbsp;simple&nbsp;method&nbsp;to&nbsp;be&nbsp;protected&nbsp;against&nbsp;the&nbsp;surprises&nbsp;thrown&nbsp;by&nbsp;the&nbsp;market.&nbsp;In&nbsp;our&nbsp;podcast&nbsp;discussion&nbsp;of&nbsp;the&nbsp;book,&nbsp;we&nbsp;(Preston&nbsp;and&nbsp;Stig)&nbsp;discuss&nbsp;this&nbsp;recommendation&nbsp;and&nbsp;provide&nbsp;our&nbsp;guidance&nbsp;about&nbsp;asset&nbsp;allocation&nbsp;and&nbsp;the&nbsp;importance&nbsp;of&nbsp;implementing&nbsp;a&nbsp;dynamic&nbsp;shift&nbsp;with&nbsp;interest&nbsp;rates&nbsp;and&nbsp;market&nbsp;conditions.<br>Warren&nbsp;Buffett&nbsp;\u2013&nbsp;Known&nbsp;as&nbsp;the&nbsp;titan&nbsp;and&nbsp;the&nbsp;greatest&nbsp;investors&nbsp;of&nbsp;the&nbsp;20&nbsp;&nbsp;&nbsp;century,&nbsp;Mr.&nbsp;Buffett&nbsp;doesn\u2019t&nbsp;even&nbsp;need&nbsp;an<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>INVEST\u00a0LIKE\u00a0THE\u00a0.001%:\u00a0THE\u00a0BILLIONAIRE\u2019S\u00a0PLAYBOOK\u00a0<\/strong><\/h3>\n\n\n\n<p>Driven&nbsp;with&nbsp;a&nbsp;passion&nbsp;to&nbsp;dispel&nbsp;myths&nbsp;and&nbsp;uncover&nbsp;the&nbsp;truth&nbsp;about&nbsp;the&nbsp;investment&nbsp;system,&nbsp;Tony&nbsp;began&nbsp;a&nbsp;journey&nbsp;about&nbsp;four&nbsp;years&nbsp;ago&nbsp;to&nbsp;help&nbsp;the&nbsp;common&nbsp;man&nbsp;investor&nbsp;uncover&nbsp;the&nbsp;truth.&nbsp;Over&nbsp;the&nbsp;course&nbsp;of&nbsp;these&nbsp;four&nbsp;years,&nbsp;Tony&nbsp;managed&nbsp;to&nbsp;interview&nbsp;about&nbsp;50&nbsp;billionaires&nbsp;who&nbsp;shared&nbsp;their&nbsp;secrets.&nbsp;These&nbsp;billionaires&nbsp;include&nbsp;authors,&nbsp;financial&nbsp;moguls,&nbsp;Wall&nbsp;Street&nbsp;titans,&nbsp;professors&nbsp;and&nbsp;legends&nbsp;that&nbsp;have&nbsp;made&nbsp;a&nbsp;substantial&nbsp;contribution&nbsp;to&nbsp;the&nbsp;world.<br>Carl&nbsp;Icahn&nbsp;\u2013titled&nbsp;the&nbsp;\u201cMaster&nbsp;of&nbsp;the&nbsp;Universe\u201d&nbsp;by&nbsp;Time&nbsp;magazine.&nbsp;He&nbsp;enjoyed&nbsp;success&nbsp;in&nbsp;Netflix&nbsp;and&nbsp;other&nbsp;firms,&nbsp;but&nbsp;his&nbsp;obsession&nbsp;is&nbsp;to&nbsp;prevent&nbsp;the&nbsp;abuse&nbsp;of&nbsp;common&nbsp;shareholders&nbsp;by&nbsp;improving&nbsp;the&nbsp;accountability&nbsp;of&nbsp;corporate&nbsp;governance,&nbsp;thereby&nbsp;making&nbsp;several&nbsp;companies&nbsp;and&nbsp;the&nbsp;economy&nbsp;stronger.<br>David&nbsp;Swensen&nbsp;\u2013&nbsp;David&nbsp;Swensen,&nbsp;the&nbsp;man&nbsp;who&nbsp;turned&nbsp;$1&nbsp;billion&nbsp;into&nbsp;$23.9&nbsp;billion,&nbsp;says&nbsp;that&nbsp;it\u2019s&nbsp;a&nbsp;bad&nbsp;idea&nbsp;to&nbsp;invest&nbsp;in&nbsp;mutual&nbsp;funds&nbsp;since&nbsp;the&nbsp;fees&nbsp;are&nbsp;often&nbsp;in&nbsp;conflict&nbsp;with&nbsp;the&nbsp;returns,&nbsp;thereby&nbsp;making&nbsp;the&nbsp;investor&nbsp;lose&nbsp;large&nbsp;amounts&nbsp;of&nbsp;money&nbsp;over&nbsp;time.&nbsp;Since&nbsp;he&nbsp;understands&nbsp;the&nbsp;benefits&nbsp;of&nbsp;fiduciaries,&nbsp;he&nbsp;advocates&nbsp;firms&nbsp;like&nbsp;TIAA&#8212;CREF&nbsp;and&nbsp;Vanguard&nbsp;because&nbsp;they&nbsp;operate&nbsp;on&nbsp;a&nbsp;system&nbsp;that&nbsp;takes&nbsp;care&nbsp;of&nbsp;an&nbsp;investor\u2019s&nbsp;interests.<br>John&nbsp;C.&nbsp;Bogle&nbsp;\u2013&nbsp;As&nbsp;the&nbsp;creator&nbsp;and&nbsp;founder&nbsp;of&nbsp;the&nbsp;Vanguard&nbsp;Group,&nbsp;John&nbsp;is&nbsp;often&nbsp;compared&nbsp;to&nbsp;Benjamin&nbsp;Franklin,&nbsp;thanks&nbsp;to&nbsp;his&nbsp;inventiveness.&nbsp;Many&nbsp;people&nbsp;believe&nbsp;that&nbsp;he&nbsp;has&nbsp;singlehandedly&nbsp;contributed&nbsp;more&nbsp;towards&nbsp;the&nbsp;interests&nbsp;of&nbsp;the&nbsp;average&nbsp;investor&nbsp;than&nbsp;any&nbsp;other&nbsp;company&nbsp;by&nbsp;inventing&nbsp;ETFs.&nbsp;The&nbsp;solution&nbsp;is&nbsp;simple:&nbsp;Invest&nbsp;in&nbsp;ETFs&nbsp;and&nbsp;get&nbsp;a&nbsp;market&nbsp;return&nbsp;at&nbsp;the&nbsp;lowest&nbsp;possible&nbsp;fee.&nbsp;John&nbsp;had&nbsp;a&nbsp;great&nbsp;quote&nbsp;that&nbsp;addresses&nbsp;the&nbsp;importance&nbsp;of&nbsp;avoiding&nbsp;high&nbsp;fee&nbsp;mutual&nbsp;funds,&nbsp;he&nbsp;said,&nbsp;\u201cAt&nbsp;6.95%,&nbsp;you&nbsp;turn&nbsp;$1&nbsp;into&nbsp;about&nbsp;$30&nbsp;over&nbsp;a&nbsp;50&nbsp;year&nbsp;period.&nbsp;But&nbsp;at&nbsp;5%&nbsp;(assuming&nbsp;a&nbsp;1.95%&nbsp;fee),&nbsp;you&nbsp;get&nbsp;only&nbsp;$10&nbsp;instead&nbsp;of&nbsp;$30.&nbsp;And&nbsp;what&nbsp;does&nbsp;that&nbsp;mean?&nbsp;It&nbsp;means&nbsp;you&nbsp;put&nbsp;100%&nbsp;of&nbsp;the&nbsp;cash,&nbsp;assume&nbsp;100%&nbsp;of&nbsp;the&nbsp;risk,&nbsp;and&nbsp;you&nbsp;get&nbsp;30%&nbsp;of&nbsp;the&nbsp;rewards.\u201d&nbsp;introduction.&nbsp;Though&nbsp;he\u2019s&nbsp;said&nbsp;almost&nbsp;everything&nbsp;about&nbsp;the&nbsp;investment&nbsp;topic,&nbsp;Mr.&nbsp;Buffet&nbsp;affirms&nbsp;that&nbsp;buying&nbsp;an&nbsp;ETF&nbsp;is&nbsp;definitely&nbsp;the&nbsp;best&nbsp;and&nbsp;most&nbsp;cost&#8212;effective&nbsp;way&nbsp;for&nbsp;an&nbsp;average&nbsp;investor&nbsp;to&nbsp;make&nbsp;money.<br>Paul&nbsp;Tudor&nbsp;Jones&nbsp;\u2013&nbsp;If&nbsp;you&nbsp;ever&nbsp;need&nbsp;financial&nbsp;advice,&nbsp;it&nbsp;should&nbsp;be&nbsp;coming&nbsp;from&nbsp;Paul&nbsp;\u2013&nbsp;a&nbsp;man&nbsp;who&nbsp;hasn\u2019t&nbsp;lost&nbsp;money&nbsp;in&nbsp;the&nbsp;past&nbsp;28&nbsp;years!&nbsp;However,&nbsp;Paul&nbsp;is&nbsp;unlike&nbsp;greedy&nbsp;investors&nbsp;who&nbsp;just&nbsp;make&nbsp;money&nbsp;and&nbsp;hesitate&nbsp;to&nbsp;contribute.&nbsp;He&nbsp;is&nbsp;in&nbsp;fact,&nbsp;known&nbsp;as&nbsp;the&nbsp;\u2018Modern&nbsp;day&nbsp;Robin&nbsp;Hood\u2019&nbsp;since&nbsp;he&nbsp;is&nbsp;driven&nbsp;by&nbsp;his&nbsp;philanthropic&nbsp;principles&nbsp;of&nbsp;giving&nbsp;back&nbsp;to&nbsp;the&nbsp;community.&nbsp;His&nbsp;best&nbsp;advice&nbsp;is&nbsp;that&nbsp;an&nbsp;investor&nbsp;should&nbsp;concentrate&nbsp;on&nbsp;developing&nbsp;a&nbsp;portfolio&nbsp;that&nbsp;focuses&nbsp;on&nbsp;defense&nbsp;rather&nbsp;than&nbsp;building&nbsp;something&nbsp;that\u2019s&nbsp;aggressive.<br>Mary&nbsp;Callahan&nbsp;Erdoes&nbsp;\u2013&nbsp;Listed&nbsp;by&nbsp;Forbes&nbsp;as&nbsp;one&nbsp;of&nbsp;the&nbsp;100&nbsp;most&nbsp;powerful&nbsp;women,&nbsp;Mary&nbsp;comes&nbsp;from&nbsp;a&nbsp;family&nbsp;that&nbsp;was&nbsp;involved&nbsp;in&nbsp;the&nbsp;world&nbsp;of&nbsp;finance.&nbsp;Although&nbsp;investment&nbsp;moguls&nbsp;like&nbsp;Warren&nbsp;Buffett,&nbsp;Paul&nbsp;Tudor&nbsp;Jones,&nbsp;John&nbsp;C.&nbsp;Bogle&nbsp;and&nbsp;others&nbsp;warn&nbsp;the&nbsp;average&nbsp;investor&nbsp;against&nbsp;actively&nbsp;managed&nbsp;funds,&nbsp;Mary&nbsp;says&nbsp;that&nbsp;a&nbsp;manager&nbsp;with&nbsp;a&nbsp;brilliant&nbsp;mind,&nbsp;loyalty&nbsp;and&nbsp;research,&nbsp;is&nbsp;equally&nbsp;capable&nbsp;of&nbsp;helping&nbsp;people&nbsp;make&nbsp;money&nbsp;even&nbsp;in&nbsp;tough&nbsp;times.<br>Boone&nbsp;Pickens&nbsp;\u2013&nbsp;Recognized&nbsp;as&nbsp;the&nbsp;\u201cOil&nbsp;Oracle\u201d&nbsp;by&nbsp;the&nbsp;prestigious&nbsp;CNBC,&nbsp;Pickens&nbsp;made&nbsp;his&nbsp;billions&nbsp;after&nbsp;he&nbsp;was&nbsp;seventy&nbsp;years&nbsp;old!&nbsp;This&nbsp;goes&nbsp;to&nbsp;show&nbsp;that&nbsp;there\u2019s&nbsp;no&nbsp;age&nbsp;limit&nbsp;to&nbsp;your&nbsp;brilliance.&nbsp;Pickens&nbsp;made&nbsp;money&nbsp;only&nbsp;because&nbsp;of&nbsp;the&nbsp;fact&nbsp;that&nbsp;he&nbsp;could&nbsp;predict&nbsp;the&nbsp;future&nbsp;in&nbsp;a&nbsp;way&nbsp;nobody&nbsp;else&nbsp;could.&nbsp;While&nbsp;other&nbsp;investors&nbsp;talk&nbsp;about&nbsp;plans&nbsp;to&nbsp;make&nbsp;money,&nbsp;Pickens&nbsp;states&nbsp;that&nbsp;America\u2019s&nbsp;dependency&nbsp;on&nbsp;foreign&nbsp;nations&nbsp;for&nbsp;oil&nbsp;is&nbsp;the&nbsp;biggest&nbsp;threat&nbsp;to&nbsp;the&nbsp;economy&nbsp;and&nbsp;well&nbsp;being.<br>Kyle&nbsp;Bass&nbsp;\u2013&nbsp;As&nbsp;the&nbsp;founder&nbsp;of&nbsp;Hayman&nbsp;Capital&nbsp;Management,&nbsp;Kyle&nbsp;has&nbsp;a&nbsp;lot&nbsp;of&nbsp;tricks&nbsp;up&nbsp;his&nbsp;sleeve,&nbsp;but&nbsp;he&nbsp;says&nbsp;that&nbsp;he&nbsp;made&nbsp;money&nbsp;because&nbsp;he&nbsp;was&nbsp;fortunate&nbsp;to&nbsp;understand&nbsp;the&nbsp;system&nbsp;of&nbsp;the&nbsp;asymmetric&nbsp;risk\/reward,&nbsp;thereby&nbsp;allowing&nbsp;him&nbsp;to&nbsp;make&nbsp;billions&nbsp;of&nbsp;cash.&nbsp;While&nbsp;everybody&nbsp;tries&nbsp;to&nbsp;get&nbsp;into&nbsp;the&nbsp;race&nbsp;and&nbsp;beat&nbsp;the&nbsp;market,&nbsp;Kyle&nbsp;specializes&nbsp;in&nbsp;making&nbsp;big&nbsp;bets&nbsp;when&nbsp;his&nbsp;downside&nbsp;is&nbsp;very&nbsp;limited&nbsp;and&nbsp;his&nbsp;upside&nbsp;has&nbsp;a&nbsp;high&nbsp;probability&nbsp;for&nbsp;success.<br>Marc&nbsp;Faber&nbsp;\u2013&nbsp;Famous&nbsp;for&nbsp;his&nbsp;newsletter&nbsp;that\u2019s&nbsp;known&nbsp;as&nbsp;the&nbsp;Gloom,&nbsp;Boom&nbsp;&amp;&nbsp;Doom&nbsp;report,&nbsp;Marc&nbsp;Faber&nbsp;doesn\u2019t&nbsp;believe&nbsp;in&nbsp;following&nbsp;the&nbsp;herd.&nbsp;Unlike&nbsp;other&nbsp;investors&nbsp;who&nbsp;focus&nbsp;solely&nbsp;on&nbsp;the&nbsp;US&nbsp;market,&nbsp;Marc&nbsp;made&nbsp;money&nbsp;by&nbsp;concentrating&nbsp;on&nbsp;the&nbsp;Asian&nbsp;market.&nbsp;As&nbsp;a&nbsp;contrarian,&nbsp;Faber&nbsp;believes&nbsp;that&nbsp;you&nbsp;should&nbsp;accumulate&nbsp;cash,&nbsp;be&nbsp;patient,&nbsp;and&nbsp;heavily&nbsp;invest&nbsp;when&nbsp;great&nbsp;opportunities&nbsp;occur.&nbsp;He&nbsp;also&nbsp;states&nbsp;that&nbsp;you&nbsp;need&nbsp;to&nbsp;be&nbsp;extremely&nbsp;lucky&nbsp;to&nbsp;NOT&nbsp;lose&nbsp;money&nbsp;when&nbsp;you&nbsp;invest&nbsp;with&nbsp;portfolio&nbsp;managers.<br>Charles&nbsp;Schwab&nbsp;\u2013&nbsp;As&nbsp;the&nbsp;founder&nbsp;of&nbsp;the&nbsp;Charles&nbsp;Schwab&nbsp;Corporation,&nbsp;Charles&nbsp;has&nbsp;been&nbsp;instrumental&nbsp;in&nbsp;providing&nbsp;a&nbsp;cost&#8212;effective&nbsp;investment&nbsp;method&nbsp;to&nbsp;millions&nbsp;of&nbsp;Americans.&nbsp;While&nbsp;other&nbsp;investment&nbsp;companies&nbsp;increased&nbsp;their&nbsp;fees,&nbsp;Charles&nbsp;slashed&nbsp;it,&nbsp;thereby&nbsp;ensuring&nbsp;the&nbsp;participation&nbsp;and&nbsp;success&nbsp;of&nbsp;the&nbsp;average&nbsp;investor.&nbsp;Known&nbsp;as&nbsp;the&nbsp;pioneer&nbsp;of&nbsp;the&nbsp;discount&nbsp;brokerage&nbsp;industry,&nbsp;Charles&nbsp;has&nbsp;been&nbsp;successful&nbsp;in&nbsp;changing&nbsp;the&nbsp;way&nbsp;businesses&nbsp;operate.<br>Sir&nbsp;John&nbsp;Templeton&nbsp;\u2013&nbsp;Sir&nbsp;John&nbsp;Templeton&nbsp;is&nbsp;more&nbsp;famous&nbsp;for&nbsp;his&nbsp;philanthropic&nbsp;nature.&nbsp;In&nbsp;an&nbsp;effort&nbsp;to&nbsp;give&nbsp;back&nbsp;to&nbsp;the&nbsp;world,&nbsp;he&nbsp;launched&nbsp;the&nbsp;Templeton&nbsp;Prize&nbsp;\u2013&nbsp;a&nbsp;prize&nbsp;that&nbsp;was&nbsp;bigger&nbsp;than&nbsp;even&nbsp;the&nbsp;Nobel&nbsp;Prize,&nbsp;to&nbsp;honor&nbsp;people&nbsp;for&nbsp;their&nbsp;great&nbsp;accomplishments.&nbsp;Here\u2019s&nbsp;a&nbsp;great&nbsp;quote&nbsp;from&nbsp;John,&nbsp;\u201cBear&nbsp;Markets&nbsp;start&nbsp;on&nbsp;the&nbsp;time&nbsp;of&nbsp;pessimism,&nbsp;they&nbsp;rise&nbsp;on&nbsp;the&nbsp;time&nbsp;of&nbsp;skepticism,&nbsp;they&nbsp;mature&nbsp;on&nbsp;the&nbsp;time&nbsp;of&nbsp;optimism,&nbsp;and&nbsp;they&nbsp;end&nbsp;on&nbsp;the&nbsp;time&nbsp;of&nbsp;euphoria.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-amazon wp-block-embed-amazon\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Money Master the Game: 7 Simple Steps to Financial Freedom\" type=\"text\/html\" width=\"640\" height=\"550\" frameborder=\"0\" allowfullscreen style=\"max-width:100%\" src=\"https:\/\/read.amazon.com.au\/kp\/card?preview=inline&#038;linkCode=ll1&#038;ref_=k4w_oembed_hOQLr3bTG1fbUT&#038;asin=B00NZWJD44&#038;tag=bywineexecuti-22\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>JUST\u00a0DO\u00a0IT,\u00a0ENJOY\u00a0IT,\u00a0AND\u00a0SHARE\u00a0IT!\u00a0<\/strong><\/h3>\n\n\n\n<p>In&nbsp;this&nbsp;section,&nbsp;Tony&nbsp;talks&nbsp;about&nbsp;the&nbsp;reason&nbsp;why&nbsp;we&nbsp;need&nbsp;wealth.&nbsp;In&nbsp;short,&nbsp;he&nbsp;says&nbsp;that&nbsp;we&nbsp;pursue&nbsp;wealth&nbsp;in&nbsp;hopes&nbsp;to&nbsp;gain&nbsp;a&nbsp;better&nbsp;quality&nbsp;of&nbsp;life.&nbsp;The&nbsp;common&nbsp;goal&nbsp;for&nbsp;all&nbsp;individuals&nbsp;is&nbsp;happiness.&nbsp;To&nbsp;many&nbsp;people,&nbsp;money&nbsp;appears&nbsp;to&nbsp;be&nbsp;the&nbsp;most&nbsp;obvious&nbsp;path&nbsp;to&nbsp;achieve&nbsp;that.&nbsp;Robbins&nbsp;sees&nbsp;money&nbsp;only&nbsp;as&nbsp;an&nbsp;indirect&nbsp;measure.&nbsp;If&nbsp;you&nbsp;have&nbsp;money&nbsp;you&nbsp;can&nbsp;give&nbsp;more&nbsp;away,&nbsp;and&nbsp;giving&nbsp;is&nbsp;what&nbsp;truly&nbsp;makes&nbsp;everyone&nbsp;happy&nbsp;\u2013&nbsp;not&nbsp;simply&nbsp;accumulating&nbsp;it&nbsp;for&nbsp;yourself.<br>In&nbsp;this&nbsp;final&nbsp;section&nbsp;of&nbsp;his&nbsp;book,&nbsp;Tony&nbsp;proclaims&nbsp;that&nbsp;our&nbsp;decisions&nbsp;ultimately&nbsp;help&nbsp;us&nbsp;control&nbsp;our&nbsp;lives.&nbsp;To&nbsp;take&nbsp;it&nbsp;further,&nbsp;he&nbsp;adds&nbsp;that&nbsp;there&nbsp;are&nbsp;three&nbsp;decisions&nbsp;that&nbsp;are&nbsp;made&nbsp;every&nbsp;moment&nbsp;in&nbsp;our&nbsp;lives.&nbsp;The&nbsp;first&nbsp;decision&nbsp;is&nbsp;about&nbsp;focusing&nbsp;on&nbsp;our&nbsp;goals&nbsp;and&nbsp;on&nbsp;something&nbsp;we&nbsp;can&nbsp;control,&nbsp;rather&nbsp;than&nbsp;worrying&nbsp;about&nbsp;stuff&nbsp;we&nbsp;can\u2019t&nbsp;control.&nbsp;While&nbsp;the&nbsp;second&nbsp;decision&nbsp;is&nbsp;to&nbsp;find&nbsp;wealth&nbsp;by&nbsp;pursuing&nbsp;an&nbsp;empowering&nbsp;meaning,&nbsp;the&nbsp;third&nbsp;decision&nbsp;is&nbsp;to&nbsp;create&nbsp;and&nbsp;plan&nbsp;a&nbsp;future&nbsp;for&nbsp;ourselves&nbsp;by&nbsp;thinking&nbsp;clearly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conclusion:&nbsp;A&nbsp;book&nbsp;that&nbsp;focuses&nbsp;on&nbsp;life&nbsp;beyond&nbsp;money&nbsp;<\/strong><\/h3>\n\n\n\n<p>This&nbsp;book&nbsp;is&nbsp;absolutely&nbsp;great&nbsp;for&nbsp;anyone&nbsp;who\u2019s&nbsp;looking&nbsp;to&nbsp;make&nbsp;some&nbsp;money&nbsp;in&nbsp;financial&nbsp;investments,&nbsp;but&nbsp;unlike&nbsp;other&nbsp;books&nbsp;that&nbsp;dispel&nbsp;advice&nbsp;related&nbsp;only&nbsp;to&nbsp;the&nbsp;world&nbsp;of&nbsp;finance,&nbsp;Tony&nbsp;has&nbsp;taken&nbsp;great&nbsp;pains&nbsp;to&nbsp;help&nbsp;people&nbsp;change&nbsp;the&nbsp;way&nbsp;they&nbsp;lead&nbsp;their&nbsp;lives.&nbsp;After&nbsp;all,&nbsp;money&nbsp;is&nbsp;an&nbsp;abstract&nbsp;thing&nbsp;but&nbsp;we&nbsp;can&nbsp;find&nbsp;happiness&nbsp;by&nbsp;donating&nbsp;at&nbsp;least&nbsp;a&nbsp;portion&nbsp;of&nbsp;our&nbsp;money&nbsp;to&nbsp;the&nbsp;unfortunate&nbsp;ones.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author: Who&nbsp;is&nbsp;Anthony&nbsp;Robbins Anthony\u00a0J.\u00a0Mahavorick,\u00a0fondly\u00a0known\u00a0as\u00a0Tony\u00a0Robbins,\u00a0is\u00a0an\u00a0American\u00a0mentor,\u00a0life\u00a0coach\u00a0and\u00a0author\u00a0of\u00a0self help\u00a0books.\u00a0As\u00a0a\u00a0life\u00a0coach,\u00a0Anthony\u00a0has\u00a0helped\u00a0millions\u00a0of\u00a0people\u00a0shape\u00a0their\u00a0lives,\u00a0but\u00a0he\u00a0truly\u00a0states\u00a0that\u00a0money,\u00a0an\u00a0abstract\u00a0thing,\u00a0can\u00a0help\u00a0you\u00a0change\u00a0your\u00a0dreams\u00a0into\u00a0reality.\u00a0He\u00a0adds\u00a0that\u00a0if\u00a0we\u00a0don\u2019t\u00a0use\u00a0money,\u00a0then\u00a0money\u00a0will\u00a0definitely\u00a0use\u00a0us.\u00a0Therefore,\u00a0we\u00a0need\u00a0to\u00a0master\u00a0money\u00a0or\u00a0it\u00a0will\u00a0gain\u00a0an\u00a0edge\u00a0and\u00a0master\u00a0us.In\u00a0his\u00a0quest\u00a0to\u00a0help\u00a0people\u00a0learn\u00a0more\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0money,\u00a0Tony\u00a0has\u00a0crafted\u00a0this\u00a0book\u00a0that\u00a0contains\u00a0unusual,\u00a0but\u00a0simple\u00a0ways\u00a0of\u00a0making\u00a0money\u00a0for\u00a0an\u00a0average\u00a0investor.\u00a0The\u00a0book\u00a0is\u00a0easy\u00a0to\u00a0understand\u00a0and\u00a0with\u00a0the\u00a0number\u00a0of\u00a0highly\u00a0successful\u00a0people\u00a0interviewed,\u00a0you\u00a0will\u00a0soon\u00a0find\u00a0out\u00a0why\u00a0Tony\u00a0is\u00a0so\u00a0successful.\u00a0Most\u00a0importantly,\u00a0he\u00a0is\u00a0successful\u00a0because\u00a0he\u00a0cares.Tony\u00a0discloses\u00a0many\u00a0other\u00a0financial\u00a0secrets\u00a0including\u00a0the\u00a0power\u00a0of\u00a0compounding\u00a0interest,\u00a0retirement\u00a0plans,\u00a0security\u00a0buckets,\u00a0risk\u00a0buckets,\u00a0dream\u00a0buckets\u00a0and\u00a0a\u00a0lot\u00a0more\u00a0in\u00a0the\u00a0book:\u00a0Money:\u00a0Master\u00a0the\u00a0Game\u00a0\u2013\u00a07\u00a0Simple\u00a0Steps\u00a0to\u00a0Financial\u00a0Freedom\u00a0\u00a0REVIEW: This\u00a0roadmap\u00a0to\u00a0financial\u00a0freedom\u00a0does\u00a0not\u00a0alter\u00a0my basic investment thesis and there are a few\u00a0areas\u00a0in\u00a0the\u00a0book\u00a0that\u00a0could\u00a0have\u00a0been\u00a0presented\u00a0a\u00a0little\u00a0better.\u00a0The\u00a0best\u00a0section\u00a0in\u00a0the\u00a0book\u00a0is\u00a0undoubtedly\u00a0Robbins\u2019\u00a0indepth\u00a0interviews\u00a0with\u00a0billionaires\u00a0and\u00a0highly\u00a0successful\u00a0people.\u00a0\u00a0In\u00a0this\u00a0section,\u00a0near\u00a0the\u00a0end,\u00a0he\u00a0gets\u00a0high-powered\u00a0investors\u00a0to\u00a0share their\u00a0\u00a0wisdom\u00a0\u00a0and philosophy.\u00a0\u00a0Throughout the\u00a0\u00a0book, Robbins\u00a0\u00a0continuously provides insights\u00a0\u00a0how\u00a0money\u00a0follows\u00a0simple\u00a0rules.\u00a0In\u00a0short,\u00a0it\u2019s\u00a0about\u00a0maximizing\u00a0the\u00a0gap\u00a0between\u00a0how\u00a0much\u00a0you\u00a0earn\u00a0and\u00a0how\u00a0\u00a0\u00a0\u00a0much\u00a0you\u00a0spend\u00a0and\u00a0investing\u00a0the\u00a0difference\u00a0wisely.\u00a0\u00a0\u00a0For\u00a0the\u00a0more\u00a0sophisticated\u00a0investor,\u00a0the\u00a0book\u00a0might\u00a0\u00a0\u00a0\u00a0seem\u00a0a\u00a0bit\u00a0off\u00a0target.\u00a0Rather\u00a0than\u00a0maximizing\u00a0the\u00a0investor\u2019s\u00a0return,\u00a0the\u00a0book\u00a0has\u00a0a\u00a0strong\u00a0focus\u00a0on\u00a0lowering\u00a0portfolio\u00a0\u00a0volatility\u00a0\u00a0\u2013\u00a0\u00a0something\u00a0\u00a0we\u00a0\u00a0don\u2019t\u00a0\u00a0care\u00a0\u00a0that\u00a0\u00a0much\u00a0\u00a0about. WELCOME&nbsp;TO&nbsp;THE&nbsp;JUNGLE:&nbsp;THE&nbsp;JOURNEY&nbsp;BEGINS&nbsp;WITH&nbsp;THIS&nbsp;FIRST&nbsp;STEP&nbsp;&nbsp; Apart\u00a0from\u00a0revealing\u00a0trade\u00a0secrets\u00a0that\u00a0could\u00a0help\u00a0us\u00a0make\u00a0money,\u00a0Tony\u00a0doesn\u2019t\u00a0hesitate\u00a0to\u00a0point\u00a0out\u00a0the\u00a0crucial\u00a0mistakes\u00a0we\u00a0make\u00a0while\u00a0we\u00a0are\u00a0overwhelmed\u00a0in\u00a0the\u00a0race\u00a0to\u00a0make\u00a0money.\u00a0Long\u00a0ago,\u00a0people\u00a0didn\u2019t\u00a0have\u00a0to\u00a0worry\u00a0about\u00a0saving\u00a0for\u00a0their\u00a0retirement\u00a0since\u00a0they\u00a0could\u00a0lean\u00a0back\u00a0on\u00a0their\u00a0pension\u00a0and\u00a0enjoy\u00a0the\u00a0fruits\u00a0of\u00a0their\u00a0labor;\u00a0however,\u00a0since\u00a0pension\u00a0plans\u00a0are\u00a0becoming\u00a0extinct\u00a0nowadays,\u00a0Tony\u00a0warns\u00a0people\u00a0to\u00a0understand\u00a0the\u00a0power\u00a0of\u00a0saving\u00a0money\u00a0in\u00a0order\u00a0to\u00a0lead\u00a0a\u00a0life\u00a0that\u2019s\u00a0financially\u00a0independent.\u00a0He\u00a0compares\u00a0the\u00a0concept\u00a0of\u00a0money\u00a0with\u00a0politics\u00a0and\u00a0\u00a0Religion.\u00a0Everyone\u00a0seems\u00a0to\u00a0have\u00a0a\u00a0very\u00a0passionate\u00a0opinion,\u00a0and\u00a0for\u00a0that\u00a0reason\u00a0it\u00a0can\u00a0be\u00a0really\u00a0hard\u00a0to\u00a0find\u00a0good\u00a0objective\u00a0advice.Among\u00a0several\u00a0billionaires\u00a0he\u00a0interviewed,\u00a0Ray\u00a0Dalio,\u00a0the\u00a0founder\u00a0of\u00a0a\u00a0hedge\u00a0fund\u00a0company\u00a0with\u00a0a\u00a0staggering\u00a0$160\u00a0billion,\u00a0drives\u00a0the\u00a0point\u00a0home\u00a0by\u00a0stating\u00a0that\u00a0investment\u00a0is\u00a0a\u00a0zero&#8212;sum\u00a0game.\u00a0Interestingly,\u00a0he\u00a0compares\u00a0investing\u00a0to\u00a0playing\u00a0poker,\u00a0where\u00a0an\u00a0average\u00a0investor\u00a0loses\u00a0money\u00a0since\u00a0he\u00a0plays\u00a0with\u00a0high\u00a0rollers\u00a0with\u00a0unlimited\u00a0resources\u00a0and\u00a0skills.Ray\u00a0Dalio\u00a0also\u00a0insists\u00a0that\u00a0it\u2019s\u00a0never\u00a0a\u00a0great\u00a0idea\u00a0to\u00a0put\u00a0all\u00a0your\u00a0eggs\u00a0into\u00a0one\u00a0basket.\u00a0Interestingly,\u00a0he\u00a0views\u00a0the\u00a0investment\u00a0system\u00a0as\u00a0a\u00a0jungle\u00a0a\u00a0jungle\u00a0that\u00a0could\u00a0crush\u00a0a\u00a0common\u00a0man\u00a0if\u00a0he\u00a0isn\u2019t\u00a0enlightened\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0the\u00a0game.\u00a0To\u00a0win\u00a0in\u00a0the\u00a0investment\u00a0world,\u00a0which\u00a0is\u00a0infested\u00a0with\u00a0sharks\u00a0today,\u00a0one\u00a0must\u00a0have\u00a0the\u00a0ability\u00a0to\u00a0anticipate\u00a0\u2013\u00a0an\u00a0important\u00a0factor\u00a0according\u00a0to\u00a0Ray\u00a0Dalio\u00a0\u2013\u00a0and\u00a0predict\u00a0how\u00a0the\u00a0market\u00a0plays.While making money,\u00a0\u00a0it\u2019s easy to believe that we are knowledgeable about everything,\u00a0\u00a0but\u00a0\u00a0Ray points out that t he\u00a0power\u00a0lies\u00a0in\u00a0recognizing\u00a0our\u00a0weaknesses\u00a0and\u00a0shedding\u00a0ignorance.\u00a0Tony\u00a0says\u00a0that\u00a0in\u00a0order\u00a0to\u00a0gain\u00a0true\u00a0mastery\u00a0over\u00a0money,\u00a0we\u00a0must\u00a0pass\u00a0three\u00a0levels;\u00a0cognitive\u00a0understanding,\u00a0physical\u00a0mastery,\u00a0and\u00a0repetition.\u00a0It\u2019s\u00a0about\u00a0training\u00a0your\u00a0mind\u00a0to\u00a0do\u00a0something\u00a0automatically\u00a0\u2013\u00a0a\u00a0method\u00a0of\u00a0repeating\u00a0something\u00a0consistently,\u00a0enabling\u00a0you\u00a0to\u00a0become\u00a0a\u00a0skilled\u00a0master.BECOME\u00a0THE\u00a0INSIDER:\u00a0KNOW\u00a0THE\u00a0RULES\u00a0BEFORE\u00a0YOU\u00a0GET\u00a0IN\u00a0THE\u00a0GAME\u00a0Our\u00a0life\u00a0consists\u00a0of\u00a0two\u00a0phases\u00a0namely\u00a0the\u00a0accumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0we\u00a0save\u00a0up\u00a0and\u00a0try\u00a0to\u00a0strive\u00a0ahead\u00a0to\u00a0reach\u00a0our\u00a0goals,\u00a0and\u00a0the\u00a0decumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0it\u2019s\u00a0time\u00a0to\u00a0reap\u00a0the\u00a0rewards\u00a0of\u00a0our\u00a0harvest\u00a0and\u00a0enjoy\u00a0life.\u00a0Most\u00a0of\u00a0us\u00a0disregard\u00a0simple\u00a0tactics\u00a0in\u00a0the\u00a0accumulation\u00a0phase\u00a0and\u00a0in\u00a0this\u00a0section,\u00a0Tony\u00a0breaks\u00a0down\u00a0the\u00a0myths\u00a0that\u00a0have\u00a0taken\u00a0over\u00a0the\u00a0world\u00a0of\u00a0investment.\u00a0For\u00a0decades,\u00a0people\u00a0have\u00a0followed\u00a0these\u00a0myths,\u00a0believing\u00a0them\u00a0to\u00a0be\u00a0true;\u00a0however,\u00a0their\u00a0hopes\u00a0crash\u00a0down\u00a0along\u00a0with\u00a0the\u00a0market\u00a0if\u00a0they\u00a0don\u2019t\u00a0take\u00a0precautionary\u00a0measures. Myth&nbsp;1&nbsp;&#8212;&nbsp;&nbsp;THE&nbsp;$&nbsp;13T&nbsp;LIE:&nbsp;\u201cINVEST&nbsp;WITH&nbsp;US.&nbsp;WE\u2019LL&nbsp;BEAT&nbsp;THE&nbsp;&nbsp;&nbsp;MARKET!\u201d&nbsp; The\u00a0first\u00a0rule\u00a0of\u00a0money\u00a0is\u00a0to\u00a0not\u00a0get\u00a0into\u00a0the\u00a0game\u00a0if\u00a0you\u00a0aren\u2019t\u00a0familiar\u00a0with\u00a0the\u00a0rules.\u00a0Thanks\u00a0to\u00a0the\u00a0marketing\u00a0gimmicks\u00a0used\u00a0by\u00a0several\u00a0companies,\u00a0many\u00a0of\u00a0us\u00a0fall\u00a0into\u00a0the\u00a0trap\u00a0and\u00a0invest\u00a0money\u00a0before\u00a0we\u2019re\u00a0even\u00a0aware\u00a0of\u00a0the\u00a0rules.\u00a0For\u00a0instance,\u00a0people\u00a0who\u00a0invest\u00a0in\u00a0active\u00a0funds\u00a0need\u00a0to\u00a0be\u00a0prepared\u00a0about\u00a0the\u00a0risks\u00a0they\u00a0take\u00a0because\u00a0selecting\u00a0a\u00a0good\u00a0fund\u00a0can\u00a0be\u00a0similar\u00a0to\u00a0casino\u00a0like\u00a0odds.\u00a0Active\u00a0funds\u00a0comprise\u00a0a\u00a0$13T\u00a0industry\u00a0where\u00a0the\u00a0house\u00a0always\u00a0wins.\u00a0No\u00a0matter\u00a0if\u00a0the\u00a0fund\u00a0returns\u00a0a\u00a0profit\u00a0or\u00a0not\u00a0for\u00a0the\u00a0investor,\u00a0the\u00a0fund\u00a0will\u00a0charge\u00a0high\u00a0fees.\u00a0Robbins\u00a0argues\u00a0that\u00a0it\u2019s\u00a0easier\u00a0and\u00a0beneficial\u00a0to\u00a0invest\u00a0in\u00a0index\u00a0funds\u00a0that\u00a0offer\u00a0minimum\u00a0risk. Myth&nbsp;2&nbsp;&#8212;\u201cOUR&nbsp;FEES?&nbsp;THEY\u2019RE&nbsp;A&nbsp;SMALL&nbsp;PRICE&nbsp;TO&nbsp;PAY!\u201d&nbsp; [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,9],"tags":[],"class_list":["post-538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-improvement","category-businessq","clearfix"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Money - Master the Game - Murray Slatter<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/murrayslatter.me\/?p=538\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Money - Master the Game - Murray Slatter\" \/>\n<meta property=\"og:description\" content=\"Author: Who&nbsp;is&nbsp;Anthony&nbsp;Robbins Anthony\u00a0J.\u00a0Mahavorick,\u00a0fondly\u00a0known\u00a0as\u00a0Tony\u00a0Robbins,\u00a0is\u00a0an\u00a0American\u00a0mentor,\u00a0life\u00a0coach\u00a0and\u00a0author\u00a0of\u00a0self help\u00a0books.\u00a0As\u00a0a\u00a0life\u00a0coach,\u00a0Anthony\u00a0has\u00a0helped\u00a0millions\u00a0of\u00a0people\u00a0shape\u00a0their\u00a0lives,\u00a0but\u00a0he\u00a0truly\u00a0states\u00a0that\u00a0money,\u00a0an\u00a0abstract\u00a0thing,\u00a0can\u00a0help\u00a0you\u00a0change\u00a0your\u00a0dreams\u00a0into\u00a0reality.\u00a0He\u00a0adds\u00a0that\u00a0if\u00a0we\u00a0don\u2019t\u00a0use\u00a0money,\u00a0then\u00a0money\u00a0will\u00a0definitely\u00a0use\u00a0us.\u00a0Therefore,\u00a0we\u00a0need\u00a0to\u00a0master\u00a0money\u00a0or\u00a0it\u00a0will\u00a0gain\u00a0an\u00a0edge\u00a0and\u00a0master\u00a0us.In\u00a0his\u00a0quest\u00a0to\u00a0help\u00a0people\u00a0learn\u00a0more\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0money,\u00a0Tony\u00a0has\u00a0crafted\u00a0this\u00a0book\u00a0that\u00a0contains\u00a0unusual,\u00a0but\u00a0simple\u00a0ways\u00a0of\u00a0making\u00a0money\u00a0for\u00a0an\u00a0average\u00a0investor.\u00a0The\u00a0book\u00a0is\u00a0easy\u00a0to\u00a0understand\u00a0and\u00a0with\u00a0the\u00a0number\u00a0of\u00a0highly\u00a0successful\u00a0people\u00a0interviewed,\u00a0you\u00a0will\u00a0soon\u00a0find\u00a0out\u00a0why\u00a0Tony\u00a0is\u00a0so\u00a0successful.\u00a0Most\u00a0importantly,\u00a0he\u00a0is\u00a0successful\u00a0because\u00a0he\u00a0cares.Tony\u00a0discloses\u00a0many\u00a0other\u00a0financial\u00a0secrets\u00a0including\u00a0the\u00a0power\u00a0of\u00a0compounding\u00a0interest,\u00a0retirement\u00a0plans,\u00a0security\u00a0buckets,\u00a0risk\u00a0buckets,\u00a0dream\u00a0buckets\u00a0and\u00a0a\u00a0lot\u00a0more\u00a0in\u00a0the\u00a0book:\u00a0Money:\u00a0Master\u00a0the\u00a0Game\u00a0\u2013\u00a07\u00a0Simple\u00a0Steps\u00a0to\u00a0Financial\u00a0Freedom\u00a0\u00a0REVIEW: This\u00a0roadmap\u00a0to\u00a0financial\u00a0freedom\u00a0does\u00a0not\u00a0alter\u00a0my basic investment thesis and there are a few\u00a0areas\u00a0in\u00a0the\u00a0book\u00a0that\u00a0could\u00a0have\u00a0been\u00a0presented\u00a0a\u00a0little\u00a0better.\u00a0The\u00a0best\u00a0section\u00a0in\u00a0the\u00a0book\u00a0is\u00a0undoubtedly\u00a0Robbins\u2019\u00a0indepth\u00a0interviews\u00a0with\u00a0billionaires\u00a0and\u00a0highly\u00a0successful\u00a0people.\u00a0\u00a0In\u00a0this\u00a0section,\u00a0near\u00a0the\u00a0end,\u00a0he\u00a0gets\u00a0high-powered\u00a0investors\u00a0to\u00a0share their\u00a0\u00a0wisdom\u00a0\u00a0and philosophy.\u00a0\u00a0Throughout the\u00a0\u00a0book, Robbins\u00a0\u00a0continuously provides insights\u00a0\u00a0how\u00a0money\u00a0follows\u00a0simple\u00a0rules.\u00a0In\u00a0short,\u00a0it\u2019s\u00a0about\u00a0maximizing\u00a0the\u00a0gap\u00a0between\u00a0how\u00a0much\u00a0you\u00a0earn\u00a0and\u00a0how\u00a0\u00a0\u00a0\u00a0much\u00a0you\u00a0spend\u00a0and\u00a0investing\u00a0the\u00a0difference\u00a0wisely.\u00a0\u00a0\u00a0For\u00a0the\u00a0more\u00a0sophisticated\u00a0investor,\u00a0the\u00a0book\u00a0might\u00a0\u00a0\u00a0\u00a0seem\u00a0a\u00a0bit\u00a0off\u00a0target.\u00a0Rather\u00a0than\u00a0maximizing\u00a0the\u00a0investor\u2019s\u00a0return,\u00a0the\u00a0book\u00a0has\u00a0a\u00a0strong\u00a0focus\u00a0on\u00a0lowering\u00a0portfolio\u00a0\u00a0volatility\u00a0\u00a0\u2013\u00a0\u00a0something\u00a0\u00a0we\u00a0\u00a0don\u2019t\u00a0\u00a0care\u00a0\u00a0that\u00a0\u00a0much\u00a0\u00a0about. WELCOME&nbsp;TO&nbsp;THE&nbsp;JUNGLE:&nbsp;THE&nbsp;JOURNEY&nbsp;BEGINS&nbsp;WITH&nbsp;THIS&nbsp;FIRST&nbsp;STEP&nbsp;&nbsp; Apart\u00a0from\u00a0revealing\u00a0trade\u00a0secrets\u00a0that\u00a0could\u00a0help\u00a0us\u00a0make\u00a0money,\u00a0Tony\u00a0doesn\u2019t\u00a0hesitate\u00a0to\u00a0point\u00a0out\u00a0the\u00a0crucial\u00a0mistakes\u00a0we\u00a0make\u00a0while\u00a0we\u00a0are\u00a0overwhelmed\u00a0in\u00a0the\u00a0race\u00a0to\u00a0make\u00a0money.\u00a0Long\u00a0ago,\u00a0people\u00a0didn\u2019t\u00a0have\u00a0to\u00a0worry\u00a0about\u00a0saving\u00a0for\u00a0their\u00a0retirement\u00a0since\u00a0they\u00a0could\u00a0lean\u00a0back\u00a0on\u00a0their\u00a0pension\u00a0and\u00a0enjoy\u00a0the\u00a0fruits\u00a0of\u00a0their\u00a0labor;\u00a0however,\u00a0since\u00a0pension\u00a0plans\u00a0are\u00a0becoming\u00a0extinct\u00a0nowadays,\u00a0Tony\u00a0warns\u00a0people\u00a0to\u00a0understand\u00a0the\u00a0power\u00a0of\u00a0saving\u00a0money\u00a0in\u00a0order\u00a0to\u00a0lead\u00a0a\u00a0life\u00a0that\u2019s\u00a0financially\u00a0independent.\u00a0He\u00a0compares\u00a0the\u00a0concept\u00a0of\u00a0money\u00a0with\u00a0politics\u00a0and\u00a0\u00a0Religion.\u00a0Everyone\u00a0seems\u00a0to\u00a0have\u00a0a\u00a0very\u00a0passionate\u00a0opinion,\u00a0and\u00a0for\u00a0that\u00a0reason\u00a0it\u00a0can\u00a0be\u00a0really\u00a0hard\u00a0to\u00a0find\u00a0good\u00a0objective\u00a0advice.Among\u00a0several\u00a0billionaires\u00a0he\u00a0interviewed,\u00a0Ray\u00a0Dalio,\u00a0the\u00a0founder\u00a0of\u00a0a\u00a0hedge\u00a0fund\u00a0company\u00a0with\u00a0a\u00a0staggering\u00a0$160\u00a0billion,\u00a0drives\u00a0the\u00a0point\u00a0home\u00a0by\u00a0stating\u00a0that\u00a0investment\u00a0is\u00a0a\u00a0zero&#8212;sum\u00a0game.\u00a0Interestingly,\u00a0he\u00a0compares\u00a0investing\u00a0to\u00a0playing\u00a0poker,\u00a0where\u00a0an\u00a0average\u00a0investor\u00a0loses\u00a0money\u00a0since\u00a0he\u00a0plays\u00a0with\u00a0high\u00a0rollers\u00a0with\u00a0unlimited\u00a0resources\u00a0and\u00a0skills.Ray\u00a0Dalio\u00a0also\u00a0insists\u00a0that\u00a0it\u2019s\u00a0never\u00a0a\u00a0great\u00a0idea\u00a0to\u00a0put\u00a0all\u00a0your\u00a0eggs\u00a0into\u00a0one\u00a0basket.\u00a0Interestingly,\u00a0he\u00a0views\u00a0the\u00a0investment\u00a0system\u00a0as\u00a0a\u00a0jungle\u00a0a\u00a0jungle\u00a0that\u00a0could\u00a0crush\u00a0a\u00a0common\u00a0man\u00a0if\u00a0he\u00a0isn\u2019t\u00a0enlightened\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0the\u00a0game.\u00a0To\u00a0win\u00a0in\u00a0the\u00a0investment\u00a0world,\u00a0which\u00a0is\u00a0infested\u00a0with\u00a0sharks\u00a0today,\u00a0one\u00a0must\u00a0have\u00a0the\u00a0ability\u00a0to\u00a0anticipate\u00a0\u2013\u00a0an\u00a0important\u00a0factor\u00a0according\u00a0to\u00a0Ray\u00a0Dalio\u00a0\u2013\u00a0and\u00a0predict\u00a0how\u00a0the\u00a0market\u00a0plays.While making money,\u00a0\u00a0it\u2019s easy to believe that we are knowledgeable about everything,\u00a0\u00a0but\u00a0\u00a0Ray points out that t he\u00a0power\u00a0lies\u00a0in\u00a0recognizing\u00a0our\u00a0weaknesses\u00a0and\u00a0shedding\u00a0ignorance.\u00a0Tony\u00a0says\u00a0that\u00a0in\u00a0order\u00a0to\u00a0gain\u00a0true\u00a0mastery\u00a0over\u00a0money,\u00a0we\u00a0must\u00a0pass\u00a0three\u00a0levels;\u00a0cognitive\u00a0understanding,\u00a0physical\u00a0mastery,\u00a0and\u00a0repetition.\u00a0It\u2019s\u00a0about\u00a0training\u00a0your\u00a0mind\u00a0to\u00a0do\u00a0something\u00a0automatically\u00a0\u2013\u00a0a\u00a0method\u00a0of\u00a0repeating\u00a0something\u00a0consistently,\u00a0enabling\u00a0you\u00a0to\u00a0become\u00a0a\u00a0skilled\u00a0master.BECOME\u00a0THE\u00a0INSIDER:\u00a0KNOW\u00a0THE\u00a0RULES\u00a0BEFORE\u00a0YOU\u00a0GET\u00a0IN\u00a0THE\u00a0GAME\u00a0Our\u00a0life\u00a0consists\u00a0of\u00a0two\u00a0phases\u00a0namely\u00a0the\u00a0accumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0we\u00a0save\u00a0up\u00a0and\u00a0try\u00a0to\u00a0strive\u00a0ahead\u00a0to\u00a0reach\u00a0our\u00a0goals,\u00a0and\u00a0the\u00a0decumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0it\u2019s\u00a0time\u00a0to\u00a0reap\u00a0the\u00a0rewards\u00a0of\u00a0our\u00a0harvest\u00a0and\u00a0enjoy\u00a0life.\u00a0Most\u00a0of\u00a0us\u00a0disregard\u00a0simple\u00a0tactics\u00a0in\u00a0the\u00a0accumulation\u00a0phase\u00a0and\u00a0in\u00a0this\u00a0section,\u00a0Tony\u00a0breaks\u00a0down\u00a0the\u00a0myths\u00a0that\u00a0have\u00a0taken\u00a0over\u00a0the\u00a0world\u00a0of\u00a0investment.\u00a0For\u00a0decades,\u00a0people\u00a0have\u00a0followed\u00a0these\u00a0myths,\u00a0believing\u00a0them\u00a0to\u00a0be\u00a0true;\u00a0however,\u00a0their\u00a0hopes\u00a0crash\u00a0down\u00a0along\u00a0with\u00a0the\u00a0market\u00a0if\u00a0they\u00a0don\u2019t\u00a0take\u00a0precautionary\u00a0measures. Myth&nbsp;1&nbsp;&#8212;&nbsp;&nbsp;THE&nbsp;$&nbsp;13T&nbsp;LIE:&nbsp;\u201cINVEST&nbsp;WITH&nbsp;US.&nbsp;WE\u2019LL&nbsp;BEAT&nbsp;THE&nbsp;&nbsp;&nbsp;MARKET!\u201d&nbsp; The\u00a0first\u00a0rule\u00a0of\u00a0money\u00a0is\u00a0to\u00a0not\u00a0get\u00a0into\u00a0the\u00a0game\u00a0if\u00a0you\u00a0aren\u2019t\u00a0familiar\u00a0with\u00a0the\u00a0rules.\u00a0Thanks\u00a0to\u00a0the\u00a0marketing\u00a0gimmicks\u00a0used\u00a0by\u00a0several\u00a0companies,\u00a0many\u00a0of\u00a0us\u00a0fall\u00a0into\u00a0the\u00a0trap\u00a0and\u00a0invest\u00a0money\u00a0before\u00a0we\u2019re\u00a0even\u00a0aware\u00a0of\u00a0the\u00a0rules.\u00a0For\u00a0instance,\u00a0people\u00a0who\u00a0invest\u00a0in\u00a0active\u00a0funds\u00a0need\u00a0to\u00a0be\u00a0prepared\u00a0about\u00a0the\u00a0risks\u00a0they\u00a0take\u00a0because\u00a0selecting\u00a0a\u00a0good\u00a0fund\u00a0can\u00a0be\u00a0similar\u00a0to\u00a0casino\u00a0like\u00a0odds.\u00a0Active\u00a0funds\u00a0comprise\u00a0a\u00a0$13T\u00a0industry\u00a0where\u00a0the\u00a0house\u00a0always\u00a0wins.\u00a0No\u00a0matter\u00a0if\u00a0the\u00a0fund\u00a0returns\u00a0a\u00a0profit\u00a0or\u00a0not\u00a0for\u00a0the\u00a0investor,\u00a0the\u00a0fund\u00a0will\u00a0charge\u00a0high\u00a0fees.\u00a0Robbins\u00a0argues\u00a0that\u00a0it\u2019s\u00a0easier\u00a0and\u00a0beneficial\u00a0to\u00a0invest\u00a0in\u00a0index\u00a0funds\u00a0that\u00a0offer\u00a0minimum\u00a0risk. Myth&nbsp;2&nbsp;&#8212;\u201cOUR&nbsp;FEES?&nbsp;THEY\u2019RE&nbsp;A&nbsp;SMALL&nbsp;PRICE&nbsp;TO&nbsp;PAY!\u201d&nbsp; [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/murrayslatter.me\/?p=538\" \/>\n<meta property=\"og:site_name\" content=\"Murray Slatter\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-23T12:23:12+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-06T09:49:05+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"16 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/#\\\/schema\\\/person\\\/13a75364f9e525515f00e93f59c4fd10\"},\"headline\":\"Money &#8211; Master the Game\",\"datePublished\":\"2018-05-23T12:23:12+00:00\",\"dateModified\":\"2023-09-06T09:49:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538\"},\"wordCount\":6077,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business Improvement\",\"BusinessQ\"],\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/murrayslatter.me\\\/?p=538#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538\",\"url\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538\",\"name\":\"Money - Master the Game - Murray Slatter\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-05-23T12:23:12+00:00\",\"dateModified\":\"2023-09-06T09:49:05+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/#\\\/schema\\\/person\\\/13a75364f9e525515f00e93f59c4fd10\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#breadcrumb\"},\"inLanguage\":\"en\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/murrayslatter.me\\\/?p=538\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/?p=538#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/murrayslatter.me\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Money &#8211; Master the Game\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/#website\",\"url\":\"https:\\\/\\\/murrayslatter.me\\\/\",\"name\":\"Murray Slatter\",\"description\":\"Empowering Good teams to be Great!\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/murrayslatter.me\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/murrayslatter.me\\\/#\\\/schema\\\/person\\\/13a75364f9e525515f00e93f59c4fd10\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/murrayslatter.me\\\/?author=3\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Money - Master the Game - Murray Slatter","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/murrayslatter.me\/?p=538","og_locale":"en_US","og_type":"article","og_title":"Money - Master the Game - Murray Slatter","og_description":"Author: Who&nbsp;is&nbsp;Anthony&nbsp;Robbins Anthony\u00a0J.\u00a0Mahavorick,\u00a0fondly\u00a0known\u00a0as\u00a0Tony\u00a0Robbins,\u00a0is\u00a0an\u00a0American\u00a0mentor,\u00a0life\u00a0coach\u00a0and\u00a0author\u00a0of\u00a0self help\u00a0books.\u00a0As\u00a0a\u00a0life\u00a0coach,\u00a0Anthony\u00a0has\u00a0helped\u00a0millions\u00a0of\u00a0people\u00a0shape\u00a0their\u00a0lives,\u00a0but\u00a0he\u00a0truly\u00a0states\u00a0that\u00a0money,\u00a0an\u00a0abstract\u00a0thing,\u00a0can\u00a0help\u00a0you\u00a0change\u00a0your\u00a0dreams\u00a0into\u00a0reality.\u00a0He\u00a0adds\u00a0that\u00a0if\u00a0we\u00a0don\u2019t\u00a0use\u00a0money,\u00a0then\u00a0money\u00a0will\u00a0definitely\u00a0use\u00a0us.\u00a0Therefore,\u00a0we\u00a0need\u00a0to\u00a0master\u00a0money\u00a0or\u00a0it\u00a0will\u00a0gain\u00a0an\u00a0edge\u00a0and\u00a0master\u00a0us.In\u00a0his\u00a0quest\u00a0to\u00a0help\u00a0people\u00a0learn\u00a0more\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0money,\u00a0Tony\u00a0has\u00a0crafted\u00a0this\u00a0book\u00a0that\u00a0contains\u00a0unusual,\u00a0but\u00a0simple\u00a0ways\u00a0of\u00a0making\u00a0money\u00a0for\u00a0an\u00a0average\u00a0investor.\u00a0The\u00a0book\u00a0is\u00a0easy\u00a0to\u00a0understand\u00a0and\u00a0with\u00a0the\u00a0number\u00a0of\u00a0highly\u00a0successful\u00a0people\u00a0interviewed,\u00a0you\u00a0will\u00a0soon\u00a0find\u00a0out\u00a0why\u00a0Tony\u00a0is\u00a0so\u00a0successful.\u00a0Most\u00a0importantly,\u00a0he\u00a0is\u00a0successful\u00a0because\u00a0he\u00a0cares.Tony\u00a0discloses\u00a0many\u00a0other\u00a0financial\u00a0secrets\u00a0including\u00a0the\u00a0power\u00a0of\u00a0compounding\u00a0interest,\u00a0retirement\u00a0plans,\u00a0security\u00a0buckets,\u00a0risk\u00a0buckets,\u00a0dream\u00a0buckets\u00a0and\u00a0a\u00a0lot\u00a0more\u00a0in\u00a0the\u00a0book:\u00a0Money:\u00a0Master\u00a0the\u00a0Game\u00a0\u2013\u00a07\u00a0Simple\u00a0Steps\u00a0to\u00a0Financial\u00a0Freedom\u00a0\u00a0REVIEW: This\u00a0roadmap\u00a0to\u00a0financial\u00a0freedom\u00a0does\u00a0not\u00a0alter\u00a0my basic investment thesis and there are a few\u00a0areas\u00a0in\u00a0the\u00a0book\u00a0that\u00a0could\u00a0have\u00a0been\u00a0presented\u00a0a\u00a0little\u00a0better.\u00a0The\u00a0best\u00a0section\u00a0in\u00a0the\u00a0book\u00a0is\u00a0undoubtedly\u00a0Robbins\u2019\u00a0indepth\u00a0interviews\u00a0with\u00a0billionaires\u00a0and\u00a0highly\u00a0successful\u00a0people.\u00a0\u00a0In\u00a0this\u00a0section,\u00a0near\u00a0the\u00a0end,\u00a0he\u00a0gets\u00a0high-powered\u00a0investors\u00a0to\u00a0share their\u00a0\u00a0wisdom\u00a0\u00a0and philosophy.\u00a0\u00a0Throughout the\u00a0\u00a0book, Robbins\u00a0\u00a0continuously provides insights\u00a0\u00a0how\u00a0money\u00a0follows\u00a0simple\u00a0rules.\u00a0In\u00a0short,\u00a0it\u2019s\u00a0about\u00a0maximizing\u00a0the\u00a0gap\u00a0between\u00a0how\u00a0much\u00a0you\u00a0earn\u00a0and\u00a0how\u00a0\u00a0\u00a0\u00a0much\u00a0you\u00a0spend\u00a0and\u00a0investing\u00a0the\u00a0difference\u00a0wisely.\u00a0\u00a0\u00a0For\u00a0the\u00a0more\u00a0sophisticated\u00a0investor,\u00a0the\u00a0book\u00a0might\u00a0\u00a0\u00a0\u00a0seem\u00a0a\u00a0bit\u00a0off\u00a0target.\u00a0Rather\u00a0than\u00a0maximizing\u00a0the\u00a0investor\u2019s\u00a0return,\u00a0the\u00a0book\u00a0has\u00a0a\u00a0strong\u00a0focus\u00a0on\u00a0lowering\u00a0portfolio\u00a0\u00a0volatility\u00a0\u00a0\u2013\u00a0\u00a0something\u00a0\u00a0we\u00a0\u00a0don\u2019t\u00a0\u00a0care\u00a0\u00a0that\u00a0\u00a0much\u00a0\u00a0about. WELCOME&nbsp;TO&nbsp;THE&nbsp;JUNGLE:&nbsp;THE&nbsp;JOURNEY&nbsp;BEGINS&nbsp;WITH&nbsp;THIS&nbsp;FIRST&nbsp;STEP&nbsp;&nbsp; Apart\u00a0from\u00a0revealing\u00a0trade\u00a0secrets\u00a0that\u00a0could\u00a0help\u00a0us\u00a0make\u00a0money,\u00a0Tony\u00a0doesn\u2019t\u00a0hesitate\u00a0to\u00a0point\u00a0out\u00a0the\u00a0crucial\u00a0mistakes\u00a0we\u00a0make\u00a0while\u00a0we\u00a0are\u00a0overwhelmed\u00a0in\u00a0the\u00a0race\u00a0to\u00a0make\u00a0money.\u00a0Long\u00a0ago,\u00a0people\u00a0didn\u2019t\u00a0have\u00a0to\u00a0worry\u00a0about\u00a0saving\u00a0for\u00a0their\u00a0retirement\u00a0since\u00a0they\u00a0could\u00a0lean\u00a0back\u00a0on\u00a0their\u00a0pension\u00a0and\u00a0enjoy\u00a0the\u00a0fruits\u00a0of\u00a0their\u00a0labor;\u00a0however,\u00a0since\u00a0pension\u00a0plans\u00a0are\u00a0becoming\u00a0extinct\u00a0nowadays,\u00a0Tony\u00a0warns\u00a0people\u00a0to\u00a0understand\u00a0the\u00a0power\u00a0of\u00a0saving\u00a0money\u00a0in\u00a0order\u00a0to\u00a0lead\u00a0a\u00a0life\u00a0that\u2019s\u00a0financially\u00a0independent.\u00a0He\u00a0compares\u00a0the\u00a0concept\u00a0of\u00a0money\u00a0with\u00a0politics\u00a0and\u00a0\u00a0Religion.\u00a0Everyone\u00a0seems\u00a0to\u00a0have\u00a0a\u00a0very\u00a0passionate\u00a0opinion,\u00a0and\u00a0for\u00a0that\u00a0reason\u00a0it\u00a0can\u00a0be\u00a0really\u00a0hard\u00a0to\u00a0find\u00a0good\u00a0objective\u00a0advice.Among\u00a0several\u00a0billionaires\u00a0he\u00a0interviewed,\u00a0Ray\u00a0Dalio,\u00a0the\u00a0founder\u00a0of\u00a0a\u00a0hedge\u00a0fund\u00a0company\u00a0with\u00a0a\u00a0staggering\u00a0$160\u00a0billion,\u00a0drives\u00a0the\u00a0point\u00a0home\u00a0by\u00a0stating\u00a0that\u00a0investment\u00a0is\u00a0a\u00a0zero&#8212;sum\u00a0game.\u00a0Interestingly,\u00a0he\u00a0compares\u00a0investing\u00a0to\u00a0playing\u00a0poker,\u00a0where\u00a0an\u00a0average\u00a0investor\u00a0loses\u00a0money\u00a0since\u00a0he\u00a0plays\u00a0with\u00a0high\u00a0rollers\u00a0with\u00a0unlimited\u00a0resources\u00a0and\u00a0skills.Ray\u00a0Dalio\u00a0also\u00a0insists\u00a0that\u00a0it\u2019s\u00a0never\u00a0a\u00a0great\u00a0idea\u00a0to\u00a0put\u00a0all\u00a0your\u00a0eggs\u00a0into\u00a0one\u00a0basket.\u00a0Interestingly,\u00a0he\u00a0views\u00a0the\u00a0investment\u00a0system\u00a0as\u00a0a\u00a0jungle\u00a0a\u00a0jungle\u00a0that\u00a0could\u00a0crush\u00a0a\u00a0common\u00a0man\u00a0if\u00a0he\u00a0isn\u2019t\u00a0enlightened\u00a0about\u00a0the\u00a0rules\u00a0of\u00a0the\u00a0game.\u00a0To\u00a0win\u00a0in\u00a0the\u00a0investment\u00a0world,\u00a0which\u00a0is\u00a0infested\u00a0with\u00a0sharks\u00a0today,\u00a0one\u00a0must\u00a0have\u00a0the\u00a0ability\u00a0to\u00a0anticipate\u00a0\u2013\u00a0an\u00a0important\u00a0factor\u00a0according\u00a0to\u00a0Ray\u00a0Dalio\u00a0\u2013\u00a0and\u00a0predict\u00a0how\u00a0the\u00a0market\u00a0plays.While making money,\u00a0\u00a0it\u2019s easy to believe that we are knowledgeable about everything,\u00a0\u00a0but\u00a0\u00a0Ray points out that t he\u00a0power\u00a0lies\u00a0in\u00a0recognizing\u00a0our\u00a0weaknesses\u00a0and\u00a0shedding\u00a0ignorance.\u00a0Tony\u00a0says\u00a0that\u00a0in\u00a0order\u00a0to\u00a0gain\u00a0true\u00a0mastery\u00a0over\u00a0money,\u00a0we\u00a0must\u00a0pass\u00a0three\u00a0levels;\u00a0cognitive\u00a0understanding,\u00a0physical\u00a0mastery,\u00a0and\u00a0repetition.\u00a0It\u2019s\u00a0about\u00a0training\u00a0your\u00a0mind\u00a0to\u00a0do\u00a0something\u00a0automatically\u00a0\u2013\u00a0a\u00a0method\u00a0of\u00a0repeating\u00a0something\u00a0consistently,\u00a0enabling\u00a0you\u00a0to\u00a0become\u00a0a\u00a0skilled\u00a0master.BECOME\u00a0THE\u00a0INSIDER:\u00a0KNOW\u00a0THE\u00a0RULES\u00a0BEFORE\u00a0YOU\u00a0GET\u00a0IN\u00a0THE\u00a0GAME\u00a0Our\u00a0life\u00a0consists\u00a0of\u00a0two\u00a0phases\u00a0namely\u00a0the\u00a0accumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0we\u00a0save\u00a0up\u00a0and\u00a0try\u00a0to\u00a0strive\u00a0ahead\u00a0to\u00a0reach\u00a0our\u00a0goals,\u00a0and\u00a0the\u00a0decumulation\u00a0phase\u00a0&#8212;\u00a0where\u00a0it\u2019s\u00a0time\u00a0to\u00a0reap\u00a0the\u00a0rewards\u00a0of\u00a0our\u00a0harvest\u00a0and\u00a0enjoy\u00a0life.\u00a0Most\u00a0of\u00a0us\u00a0disregard\u00a0simple\u00a0tactics\u00a0in\u00a0the\u00a0accumulation\u00a0phase\u00a0and\u00a0in\u00a0this\u00a0section,\u00a0Tony\u00a0breaks\u00a0down\u00a0the\u00a0myths\u00a0that\u00a0have\u00a0taken\u00a0over\u00a0the\u00a0world\u00a0of\u00a0investment.\u00a0For\u00a0decades,\u00a0people\u00a0have\u00a0followed\u00a0these\u00a0myths,\u00a0believing\u00a0them\u00a0to\u00a0be\u00a0true;\u00a0however,\u00a0their\u00a0hopes\u00a0crash\u00a0down\u00a0along\u00a0with\u00a0the\u00a0market\u00a0if\u00a0they\u00a0don\u2019t\u00a0take\u00a0precautionary\u00a0measures. Myth&nbsp;1&nbsp;&#8212;&nbsp;&nbsp;THE&nbsp;$&nbsp;13T&nbsp;LIE:&nbsp;\u201cINVEST&nbsp;WITH&nbsp;US.&nbsp;WE\u2019LL&nbsp;BEAT&nbsp;THE&nbsp;&nbsp;&nbsp;MARKET!\u201d&nbsp; The\u00a0first\u00a0rule\u00a0of\u00a0money\u00a0is\u00a0to\u00a0not\u00a0get\u00a0into\u00a0the\u00a0game\u00a0if\u00a0you\u00a0aren\u2019t\u00a0familiar\u00a0with\u00a0the\u00a0rules.\u00a0Thanks\u00a0to\u00a0the\u00a0marketing\u00a0gimmicks\u00a0used\u00a0by\u00a0several\u00a0companies,\u00a0many\u00a0of\u00a0us\u00a0fall\u00a0into\u00a0the\u00a0trap\u00a0and\u00a0invest\u00a0money\u00a0before\u00a0we\u2019re\u00a0even\u00a0aware\u00a0of\u00a0the\u00a0rules.\u00a0For\u00a0instance,\u00a0people\u00a0who\u00a0invest\u00a0in\u00a0active\u00a0funds\u00a0need\u00a0to\u00a0be\u00a0prepared\u00a0about\u00a0the\u00a0risks\u00a0they\u00a0take\u00a0because\u00a0selecting\u00a0a\u00a0good\u00a0fund\u00a0can\u00a0be\u00a0similar\u00a0to\u00a0casino\u00a0like\u00a0odds.\u00a0Active\u00a0funds\u00a0comprise\u00a0a\u00a0$13T\u00a0industry\u00a0where\u00a0the\u00a0house\u00a0always\u00a0wins.\u00a0No\u00a0matter\u00a0if\u00a0the\u00a0fund\u00a0returns\u00a0a\u00a0profit\u00a0or\u00a0not\u00a0for\u00a0the\u00a0investor,\u00a0the\u00a0fund\u00a0will\u00a0charge\u00a0high\u00a0fees.\u00a0Robbins\u00a0argues\u00a0that\u00a0it\u2019s\u00a0easier\u00a0and\u00a0beneficial\u00a0to\u00a0invest\u00a0in\u00a0index\u00a0funds\u00a0that\u00a0offer\u00a0minimum\u00a0risk. Myth&nbsp;2&nbsp;&#8212;\u201cOUR&nbsp;FEES?&nbsp;THEY\u2019RE&nbsp;A&nbsp;SMALL&nbsp;PRICE&nbsp;TO&nbsp;PAY!\u201d&nbsp; [&hellip;]","og_url":"https:\/\/murrayslatter.me\/?p=538","og_site_name":"Murray Slatter","article_published_time":"2018-05-23T12:23:12+00:00","article_modified_time":"2023-09-06T09:49:05+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"16 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/murrayslatter.me\/?p=538#article","isPartOf":{"@id":"https:\/\/murrayslatter.me\/?p=538"},"author":{"name":"admin","@id":"https:\/\/murrayslatter.me\/#\/schema\/person\/13a75364f9e525515f00e93f59c4fd10"},"headline":"Money &#8211; Master the Game","datePublished":"2018-05-23T12:23:12+00:00","dateModified":"2023-09-06T09:49:05+00:00","mainEntityOfPage":{"@id":"https:\/\/murrayslatter.me\/?p=538"},"wordCount":6077,"commentCount":0,"image":{"@id":"https:\/\/murrayslatter.me\/?p=538#primaryimage"},"thumbnailUrl":"","articleSection":["Business Improvement","BusinessQ"],"inLanguage":"en","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/murrayslatter.me\/?p=538#respond"]}]},{"@type":"WebPage","@id":"https:\/\/murrayslatter.me\/?p=538","url":"https:\/\/murrayslatter.me\/?p=538","name":"Money - Master the Game - Murray Slatter","isPartOf":{"@id":"https:\/\/murrayslatter.me\/#website"},"primaryImageOfPage":{"@id":"https:\/\/murrayslatter.me\/?p=538#primaryimage"},"image":{"@id":"https:\/\/murrayslatter.me\/?p=538#primaryimage"},"thumbnailUrl":"","datePublished":"2018-05-23T12:23:12+00:00","dateModified":"2023-09-06T09:49:05+00:00","author":{"@id":"https:\/\/murrayslatter.me\/#\/schema\/person\/13a75364f9e525515f00e93f59c4fd10"},"breadcrumb":{"@id":"https:\/\/murrayslatter.me\/?p=538#breadcrumb"},"inLanguage":"en","potentialAction":[{"@type":"ReadAction","target":["https:\/\/murrayslatter.me\/?p=538"]}]},{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/murrayslatter.me\/?p=538#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/murrayslatter.me\/?p=538#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/murrayslatter.me\/"},{"@type":"ListItem","position":2,"name":"Money &#8211; Master the Game"}]},{"@type":"WebSite","@id":"https:\/\/murrayslatter.me\/#website","url":"https:\/\/murrayslatter.me\/","name":"Murray Slatter","description":"Empowering Good teams to be Great!","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/murrayslatter.me\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en"},{"@type":"Person","@id":"https:\/\/murrayslatter.me\/#\/schema\/person\/13a75364f9e525515f00e93f59c4fd10","name":"admin","image":{"@type":"ImageObject","inLanguage":"en","@id":"https:\/\/secure.gravatar.com\/avatar\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8aa0f1751d211918ccc2037a8b3ce22431cec7bef7edf9c993cee70e20717c88?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/murrayslatter.me\/?author=3"}]}},"jetpack_featured_media_url":"","jetpack-related-posts":[{"id":1924,"url":"https:\/\/murrayslatter.me\/?p=1924","url_meta":{"origin":538,"position":0},"title":"SME to Leader #12: Balancing Priorities","author":"Murray Slatter","date":"July 22, 2023","format":false,"excerpt":"As a Technical Expert (and particularly if you are a Project Manager), one of the most important skills you must possess is the ability to balance priorities. Whether it\u2019s managing competing deadlines, delegating tasks to team members, or making tough decisions, you must be able to manage your time effectively\u2026","rel":"","context":"In &quot;Business Leadership&quot;","block_context":{"text":"Business Leadership","link":"https:\/\/murrayslatter.me\/?cat=10"},"img":{"alt_text":"We will explore some of the best practices for balancing priorities, time management, and decision-making as a project manager.","src":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide13-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide13-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide13-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide13-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide13-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1923,"url":"https:\/\/murrayslatter.me\/?p=1923","url_meta":{"origin":538,"position":1},"title":"SME to Leader #11: Developing Others","author":"Murray Slatter","date":"July 22, 2023","format":false,"excerpt":"Becoming a leader involves much more than just managing tasks and delegating work. As a leader, you must be able to develop and coach your team members to help them reach their full potential. In this blog post, we will explore the principles and detailed practices of developing others through\u2026","rel":"","context":"In &quot;Business Leadership&quot;","block_context":{"text":"Business Leadership","link":"https:\/\/murrayslatter.me\/?cat=10"},"img":{"alt_text":"We explore the principles and detailed practices of developing others through coaching and mentoring.","src":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide12-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide12-1.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide12-1.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide12-1.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2023\/04\/Slide12-1.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":1553,"url":"https:\/\/murrayslatter.me\/?p=1553","url_meta":{"origin":538,"position":2},"title":"15 Secrets Successful People Know About Time Management","author":"admin","date":"April 12, 2017","format":false,"excerpt":"Modern life is full of time thieves. Whether it\u2019s your phone buzzing in your pocket with the latest tweet, a colleague interrupting you in the middle of an important task or the daily barrage of emails, your time is constantly being stolen from you, minute by minute, hour by hour.\u2026","rel":"","context":"In &quot;BusinessQ&quot;","block_context":{"text":"BusinessQ","link":"https:\/\/murrayslatter.me\/?cat=9"},"img":{"alt_text":"\"Seeing Around Corners: How to Spot Inflection Points in Business Before They Happen\" by Rita McGrath is an insightful guide to recognizing and navigating strategic inflection points in business.","src":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/15-Secrets-Successful-People-Know-About-Time-Management.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/15-Secrets-Successful-People-Know-About-Time-Management.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/15-Secrets-Successful-People-Know-About-Time-Management.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/15-Secrets-Successful-People-Know-About-Time-Management.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/15-Secrets-Successful-People-Know-About-Time-Management.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":380,"url":"https:\/\/murrayslatter.me\/?p=380","url_meta":{"origin":538,"position":3},"title":"QLeadership Series &#8211; Show employees how the business works","author":"admin","date":"May 3, 2015","format":false,"excerpt":"To succeed in today's business environment, your employees need to know far more about the business than just how to do their jobs. They need to know how it operates. Influential managers must take the responsibility to help workers better understand the entire organization, gain a clearer perspective on just\u2026","rel":"","context":"In &quot;Business Leadership&quot;","block_context":{"text":"Business Leadership","link":"https:\/\/murrayslatter.me\/?cat=16"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1520,"url":"https:\/\/murrayslatter.me\/?p=1520","url_meta":{"origin":538,"position":4},"title":"Sam Walton: Made in America","author":"admin","date":"April 12, 2017","format":false,"excerpt":"In 1992, at the time of his death, Sam Walton was one of the richest people in the world. But Walton never forgot his humble beginnings. Indeed, those modest origins instilled in him the values that led to his developing one of the most successful retail businesses the world has\u2026","rel":"","context":"In &quot;UniQ&quot;","block_context":{"text":"UniQ","link":"https:\/\/murrayslatter.me\/?cat=22"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2024\/04\/Sam-Walton-you-can-learn-from-every-get-lighthouse-blog.png?fit=519%2C331&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4944,"url":"https:\/\/murrayslatter.me\/?p=4944","url_meta":{"origin":538,"position":5},"title":"Wisdom from Morgal Housel\u2019s Psychology of Money","author":"Murray Slatter","date":"January 9, 2025","format":false,"excerpt":"Several years ago I read Morgan Housel\u2019s \u201cpsychology of money\u201d as I was convinced that \u201cknowing the math of investing\u201d was only one element of investing, however more important, much more important in my calculus is the \u201cbehavioural management or psychology of money\u201d If you haven\u2019t read \u201cpsychology of money\u201d\u2026","rel":"","context":"In &quot;Behavioural Management&quot;","block_context":{"text":"Behavioural Management","link":"https:\/\/murrayslatter.me\/?cat=60"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/murrayslatter.me\/wp-content\/uploads\/2025\/01\/ThePsychologyofMoney_0.jpg?fit=464%2C358&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/posts\/538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=538"}],"version-history":[{"count":2,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/posts\/538\/revisions"}],"predecessor-version":[{"id":2266,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/wp\/v2\/posts\/538\/revisions\/2266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=\/"}],"wp:attachment":[{"href":"https:\/\/murrayslatter.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/murrayslatter.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}