MONEY: Master the Game Book Summary - MONEY: Master the Game Book explained in key points
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MONEY: Master the Game summary

Tony Robbins

7 Simple Steps to Financial Freedom

4.3 (616 ratings)
14 mins
7 key ideas
Audio & text

What is MONEY: Master the Game about?

Do you want to master money, and make it work for you? In this book you’ll discover the steps you need to take to achieve real financial freedom. Whether you're just starting your career or moving toward retirement, MONEY offers sound advice from seasoned professionals on saving and investing so you can live the life you want.

About the Author

Tony Robbins is a bestselling author, entrepreneur and consultant. He's coached many influential personalities, including presidents, CEOs and celebrities, on business and financial strategies.

Table of Contents

    MONEY: Master the Game
    summarized in 7 key ideas

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    Key idea 1 of 7

    Compounding can ensure that your money keeps growing year after year.

    How hard is your money working for you? If you're like most people, your money probably hasn't been exercising at all. It's been sitting lazily in your bank account, growing only minutely – if at all.

    This needs to change. We need to make our money work hard, especially as we won't be able to rely on traditional saving methods in the future.

    You may imagine that growing your money is difficult. Maybe you're happy with your income, even if it's not enough to cover your retirement, because you assume you can rely on a pension or retirement fund to help you out.

    Unfortunately, this isn't true. Many of the world's retirement systems are failing. In the United States, a 401k retirement plan was originally invented to supplement income in old age, but for many, it's the only thing they have to rely on.

    Other pension plans were hit hard by the 2008 financial crisis, and those who paid into them lost a great deal.

    You can avoid this if you let your money work for you, by compounding.

    Compounding means letting your money develop year after year, by allowing interest to build up. Say you invest $100, and this generates a 10 percent profit. If you leave the investment untouched, you'll generate another 10 percent on $110 the year after, then on $121 the following year, and so on.

    When Benjamin Franklin died in 1790, he left $1,000 to the cities of Boston and Philadelphia. He stipulated that it had to be invested and not touched for 100 years.

    After that time passed, half a million was drawn from the account, and the rest was left untouched for another 100 years. By that time, the original sum had transformed into $6.5 million.

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    Best quote from MONEY: Master the Game

    Compound interest is such a powerful tool that Albert Einstein once called it the most important invention in all of human history.

    —Tony Robbins
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    Who should read MONEY: Master the Game

    • Anyone concerned about how to afford retirement
    • Anyone who wants to manage their money more effectively
    • Anyone who wants advice from billionaires on how to become rich

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