A few years ago, I read “Money: Master the Game” a beast of a book, clocking in at over 600 pages. I love this book, as it is filled with a plethora of information for the financially minded. It explains concepts from the simple to the complex and gives a range of options for diversifying your portfolio.
But since not everyone tingles with excitement at the thought of reading a(nother) personal finance book, I’m glad that Tony is back with a simpler version. “Unshakeable” deals with this idea that the market has its ups and downs (and being out of the market is a terrible idea), so it is up to us to come up with strategies to protect our investments.
One of my favorite things about this book compared to other books on personal finance is that Tony includes a whole section regarding the psychology of money. Tony Robbins is awesome for transforming people’s lives by changing their mindsets. He talks about how we can have something called a “confirmation bias,” in which we seek out information that confirms what we believe.
I am guilty of that. When researching a product I’d like to buy, I’ll search dozens of websites and reviews. In reality, I’m not looking for feedback, rather looking for confirmation that I’m making the right decision.
To combat this, when it comes to a new investment, ask yourself, “What am I failing to see and anticipate? What’s the downside? Where could I be wrong? How can I deepen my knowledge?”
If you are new to personal finance or are looking to brush up on your skills, I would definitely recommend this book. You may still find that you want to delve in deeper with “Money: Master the Game,” but “Unshakeable” is great for giving a basic idea of what investing looks like and the common mistakes that cost people thousands.
Book review of “Unshakeable: Your Financial Freedom Playbook” by Tony Robbins with Peter Mallouk.
[DISCLAIMER: I applied to be on the book launch team and was jumping for joy when I was selected. I received an advanced copy of the ebook for free, which I immediately devoured. My opinions are my own, and I only recommend books I truly enjoyed.]
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