it's called unshakeable your financial
freedom playbook creating peace of mind
and a world of volatility Tony Robbins
welcome back to continue for you guys we
go see something first of all I want to
wish you a happy birthday although I
don't know what they to wish you a happy
birthday when is your birthday
several a night but sometime between
midnight and 12:01 tomorrow isn't like
that so now when I'm 84 I'll be 21 it's
a good day on 14 right it is happy
somewhat birthday anyway I started
reading the book and it's amazing
because I think a lot of us worried you
know we have our money in the market
what happens you know like right now I
mean the market is doing really well yes
do we take our money out now just say
okay that's it we did we did okay what
do we do tell me that's why I wrote this
book I wrote this book as I wanted to
protect people because a crash is coming
now whether it's six months from now
12 months 36 months no one knows you
know Warren Buffett said if you listen
to market forecasters their only purpose
is to make you know people that tell
fortunes look good because they just
don't know what's going on so but what I
did try to prove in this book is what
the facts are so here's a couple things
you should know number one there's a new
high on average every month most people
have no clue see you're Oliver Kurds
broke records we're in a situation right
now that's very artificial it's a
situation where the feds around the
world have been printing money so nobody
knows what's going to happen there's
this tremendous here that's in the
marketplace so what I wanted to show
people was look when the crash comes
first of all correction comes every year
I mean if you remember last January the
world was ending the market lost two
trillion dollars in January the worst
January 11 end of the year at total
record-breaking year again so obviously
they're going to be corrections they
happen every year since 1900 the average
one is two months long and crushing 14%
if you sell if you don't sell you're
fine
there's a bear market about every five
years we've gone eight years without one
that's why I wrote this book because I
want to show you how to protect yourself
when that bear comes but more
importantly how to take advantage of it
because it is the greatest opportunity
in your life to leapfrog from where you
are to where you want to be unexplained
why if I told you if your favorite car
was let's say young man what do you like
and you say I love to re so on sale for
50% off you'd be pretty excited the
stock markets the only place when things
go on sale for 50%
where everybody panics something Warren
Buffett looks at goes this is the
greatest opportunity of my life you tell
everybody to do this but everybody else
panics what you need to know is that
every bear market that's ever come they
averaged a year they usually cost 33%
but if you don't sell they don't cost
you anything and in two centuries of
American history please hear me if
you're listening at home in two
centuries every single bear market is
followed by a bull market every one was
2008 oh my god the market dropped 35 40
50 % at peak drop it one at 69% the next
12 months if you don't have the money to
invest in the market I mean you got a
few bucks you put it in the bank
you know how much should you invest in
the market how can you get your foot in
the door well all the answers I'm giving
you by the way not my answers I
interviewed 50 of the smartest financial
people of the world from Warren Buffett
the great value at a Carl Icahn but they
answer your question is you have to
become an owner and not just a consumer
if you and an iPhone
own Apple and not just Apple but
American business you're making a giant
mistake now people should have no money
I think I shared with you when I was on
before there's one of my favorite
examples is a man who grew up the 1950s
worked for ups his name's Peter Johnson
true story he never made more than
$14,000 a year but he retired with 70
million dollars and he gave way 35
million while he was still alive how is
that possible he understood the power of
compounding a friend of his that I'm
going to put a 20% tax on you he goes I
can't live on less than 14 thousand a
year he said listen to me if the
government passed another tax a 20% more
you scream you yell you complain and you
pay it and you adjust to it he said this
will make you wealthy so what people
have to do is take five or ten or
fifteen or twenty you build it through
time and you got to put it aside and
have it automated so you don't see it it
goes into an investment account then
where to put it this book shows you by
walking through those elements but what
I want people to know is if you're a
millennial and you're full of debt from
college you think you'll never get out
this will show you exactly how to get
out and the best I'm just going to get
out is when things break down because
that's when the opportunity is going to
be there if you're a baby boomer and you
didn't get started till it's too late
it's not too late when the crash comes
that's the ironic piece and here's one
more thing you think about timing
like right now should I get out of
market yeah right so I need up to that
Charles Schwab and JP Morgan did it
a year study in the last 20 years the
sp500 the market the index gone up 8.2%
per year which means you're doubling
your money you know like every night
here's you doing pretty damn well but
here's the challenge
if in 20 years you were out of the
market on the 10 best trading days in 20
years then your market your value went
from eight percent to four point five
credit out loud if you missed 20 the
best trading days just one day a year
because you thought all its want to go
to the market if you miss those 20 days
you make 2% if you miss the top 30 days
in 20 years 1/2 days you lose money so
keep your your you the most dangerous
thing is not to be in the market right
and keep it and just write it out yeah
and it isn't just the market right
you'll need a series of investments
diversified nobody should put all their
money in the market but when you start
seeing how this works like signal saying
well what am I going to Morrow and the
market crashes well Schwab did a study
they found what if you bought them the
perfect day of the year when the market
crashed and you bought that day the
lowest level or what if you bought on
the worst day the peak of the market and
it crashes the next day what if you so
if you were dotted perfectly if you
bought it the worst what have you dollar
cost average you just every month you
spend the same amount whatever stocks
are so at average of the price or you go
in cash which is what silly people are
doing that their friend who lost cash by
50% at 50% less money cash is going
nowhere who won yeah the person who is
there on the ideal day but the person
got on the worst day after 15 years was
only behind $10,000 so though it's hard
it's counterintuitive but you want to be
in the market and then when the market
does crash instead of selling which of
the people do you want to stay my
partner in running this book is Peter
Mallick Peter created a company called
creative planning he's been rated the
number one financial advisor by Barron's
three years of the route no one's done
that in history
two years ago by CNBC and this year
Forbes did their first listing he's
number one on their list so he's my
partner I'm on his board of directors so
people go do business with him they
should know that I'm with that
organization I benefit but I partnered
with him because in 2008 he took his
clients he had no advertising he went
from a 500 million dollar business
sounds big to 2 billion in the middle of
the crunch time and the reason is
everybody flooded to him because he told
people here's what we'll have
the bear market comes and we're going to
clean up here's what you told them
advance I don't know when it's going to
come but I'll show you what we're going
to do it'll be the best time of your
life and he delivered so they all
brought him new clients now these twenty
three billion dollars and ours right
just from the kind of impact is that so
if anybody reads the book and they want
coaching beyond what I've done for them
the book they can go to get a second
opinion calm get a second opinion and
he'll do a breakdown for you like he
does for millionaires and billionaires
too by the way Tony you're giving away
all the money from the book hundred
percent of it is going to feeding
America we fed a hundred million people
last year hundred million billion before
we're a few hundred billion this year
I'm going to p-speed a billion people
over the next seven years with them
think about those numbers and people are
still hungry how is that pop in this
country for how 7 million people go to
sleep each night not knowing if they're
going to the meal in the morning and 17
million of them are children and seniors
I was one of them that's not I'm such a
good guy just I know it's like the
suffer I don't want anybody else to
suffer and it makes me crazy that we've
cut food stamps to SNAP program by seven
billion oh how did you go from basically
not having a hot meal to you know
basically being a guru an international
guru doling out financial advice what's
interesting I was just worth magazine
just named you there power 100 100 most
influential people mobile finance along
with Carlile guys I interviewed but part
of it is I believe in modeling I believe
success leaves clues if someone has done
very well financially for decade after
decade they're not lucky they're doing
something different if someone is fit
and healthy and they manage it for 20
years they're like if I got a great
relationship they're not lucky so I'm
really good at deciphering what those
things are so I would go sit down with
someone like Jack Bogle you know who
built you know three you know trillion
dollar industry right you know I'm what
he's doing there Vanguard and I'm
supposed to have a 45-minute interview
and we go for hours and he says he's in
the business sixty-five years and in the
book he says it was the most penetrating
emotional he has ever done his life
because I kind of extract it out of
their brain and then make it simple so
you can apply any temple right well who
knows okay nice simple what you say yeah
and this is a lot more digestible than
the last book I appreciate better than
70 pages right but you wonder Nate you
can knock it off in a day literally I
want to ask you I am curious I have been
for a long time Donald Trump you've done
number of public events at Donald Trump
over the year seminars that kind of
thing where cameras recording bolter
both good friends and mrs. Clinton yeah
uh mr. grant was a perfect Clinton last
weekend you can tell the George W Bush
to their but Donald Trump I'm I'm just
curious
uh what's your take on that man right
now and you know in like few of us view
I gave him I gave him back to his first
big speech he'd never done a speech more
than two three other people I called him
up a higher than we're friends you hired
him yeah I hadn't complete and with ten
thousand people and he freaked out like
he was backstage like drinking out but
once he got on stage and it went well
you got addicted what now we have a
break but what he loves big crowds oh my
gosh is probably fifteen eighteen years
ago something like planes nervous like
how how does it benefit oh shit well you
either like chicken but his hands
because he's a germaphobe refused to
learn to do those president but you know
he was he's freaking out here sweating
and like my god that's a to two people
haha and he got on stage and his main
cock was get a prenup that was his
primary key to success the kid a freedom
I've heard the same thing he went to
give a talk in Sydney Australia and it's
the idea was yeah I see all these
beautiful couples they come in they're
all happy get a prenup and people paid a
lot of money for under the 705 why do
you like talk to him I haven't become
president all know you know you know
them available he's not really looking
for coaching as you can tell right now
some point hopefully he's got to tell
you I whether you voted for it whether
you voted to this man or not you still
are present I was with President George
Bush george w bush the other day a
couple of months ago to be accurate and
I asked him I said how do you feel about
this I always respect him he never
attacked Obama he obviously doesn't
agree with Obama he said he's our
president the people spoke it's his turn
I need to shut up and let him be
president and I said well off the record
and he said you all used to tell you I'm
one of my brother to win obviously but
he didn't he said but all this talk of
the world's over he said here's what I
learned by being present when I when I
was a kid Nixon got kicked out of the
office we all remember being in Peach I
thought that's the end of the American
presidency at the end of the way our way
of life he's destroyed our reputation
and he said it's just not true
it didn't happen he said you know why
because the office is bigger than the
occupant right he said this institution
is bigger one guy can screw things up a
bit but we have three branches of
government we all see
balance in the travel ban and it all
comes together so instead of bloomin
deal why don't we work together and if
they gotta work together everybody's got
different styles you don't feel like and
agree with everybody just say I want to
do what's right for my kids I wanted to
write to America both sides care about
America both sides want us protected
both sides want us to be prosperous just
disagree about the way and now we
demonize it used to be we fight and then
you go have a beer together now if you
talk to the other side you're immoral
it's nothing wrong with your left on the
floor anyway you got a chapter in here
as well not just money but basically the
stuff that you're famous for originally
famous boy right yeah well then what
that really is is your money doesn't
make you happy if you want money because
it's resources it's portable power you
can do things for people when you're not
even there for people to care about your
friends your family whoever but money
makes you more of what you are if you're
mean you got more of you mean with you
know if you're giving you more to give
with and so the last chapter the book is
really about how to be rich and happy
right now because I make you fifty
billionaires I carry Point Blank the
majority are not people that are
euphoric ly happy every day
they live in stress bill because our
brains are two million years old our
brains always looking for what's wrong
to survive we don't have a saber-toothed
tiger so we make up what are people
thinking do we have enough money it
doesn't matter give us a billion dollars
$100 people do that so the open it
freedom the unshakable 'ti is to take
control of your own mind and I show
people are doing that one thing I
remember from the personal power program
you know everybody has problems but
showing up to your problems in a limo is
a little bit better I'm walking I think
that was from personal I was like 25
years old nobody is out now is called
unshakable your financial freedom
playbook coming off it's always great to
have you on January 7th happy birthday I
really should go
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