MONEY Master the Game: 7 Simple Steps to Financial Freedom by Tony Robbins

Since its debut on bookshelves, “Money: Master the Game” by Tony Robbins has become the go-to source for learning how to master a sound, effective financial plan and achieve financial freedom. This comprehensive, 700-page guide is a must-read for those seeking financial independence.

The book consists of seven steps to financial success, which readers can use to determine their financial goals, and put them into action. At its heart, the book is about taking control of one’s finances and investing in a secure future.

Step one is understanding the market, and setting a plan to structure and maintain financial security. To do this, Robbins provides numerous, detailed facts concerning stock markets, as well as advice on finding a financial advisor and other ways to build wealth.

Step two focuses on investing, and suggests creating an overall investing plan and diversifying one’s investments. Robbins also provides advice on selecting investments, choosing the right funds and buying low-cost index funds.

Third, Robbins encourages readers to study the five key financial principles--pay yourself first, understand compound interest, diversify, use tax-advantaged accounts and buy assets that produce income.

Fourth, he explains the necessity of managing risk and provides tips for lowering risks. Robbins also explains the purpose of insurance and how to choose it.

Step five explains the importance of a retirement plan and how to create a successful one. Robbins also talks about real estate investments, which can create a secure income and shield one from inflation. He provides advice on buying rental properties, choosing the right rental rates and financing options.

Step six is all about creating a secure future. This step is all about estate planning, which is crucial for making sure one’s assets are passed on correctly.

Finally, Robbins outlines the steps one can take to increase net worth and create financial freedom. This includes living responsibly, being a saver, creating passive income and investing in yourself.

By taking the seven steps outlined in “Money: Master the Game”, readers have the opportunity to put themselves in a secure financial position and stop living paycheck to paycheck. Robbins clearly and concisely explains the importance of each step and the tools necessary for financial security.

He also provides insight into how to think about money and how to use it to create a secure future for oneself and the next generation. “Money: Master the Game” provides readers with the knowledge and tools necessary to achieve financial freedom.