Unshakeable - Book Summary (2024)
Anthony Robbins
Unshakeable is a guide that provides readers with the tools necessary to take control of their financial well-being. The book is a distillation of financial principles into a concise, actionable plan that empowers the reader to overcome fear and make smart, rational financial decisions. Unshakeable covers essential topics such as making investment decisions, constructing a diversified portfolio, and avoiding common psychology traps in wealth creation.
Key Ideas
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Financial security and freedom bring inner peace. Achieving this requires following certain rules and having the right strategies. Excessive fees erode returns, so avoid funds charging high fees for active management that underperforms the overall market. Salespeople masquerading as advisors provide conflicted advice. Find a fiduciary committed to clients' best interests. The market has frequent corrections and crashes but always recovers. Prepare for volatility and use it to your advantage. Have the fortitude to stay invested for the long term. The core principles followed by the world's greatest investors provide a playbook for success. Diversify investments across asset classes to minimize risk and maximize returns. Don't let emotions like fear and greed drive decisions. True happiness comes from within, not from money. Protect your assets and build a legacy with the help of checklists for your advisors and attorney. Knowledge brings the clarity and confidence needed to make smart financial moves.
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Final Summary: The book "Unshakeable" by Anthony Robbins is a comprehensive guide on personal finance and investment. The book aims to empower readers to become financially independent and free from the fear of economic uncertainty. It is divided into three sections, discussing the rules of wealth, the importance of execution over knowledge, and the psychology of wealth. Robbins emphasizes that knowledge isn’t power until it’s acted upon. Along the way, he shares insights from the world's top investors and emphasizes adopting their fundamental decision-making principles, referred to as the "Core Four" in the book. Lastly, Robbins writes about the emotional aspects of handling money, defining real wealth not by material possessions but by fulfillment, joy, and peace of mind.
10 Actions:
- Plan for your financial future: Develop a clear and precise financial plan and implement it.
- Learn and understand the rules of the financial world: Equip yourself with knowledge about financial markets, investing, and money management.
- Execute your knowledge: Reading and learning are important but execution of that knowledge is what really matters.
- Use the Core Four principles: Adopt the decision-making principles used by the world's top investors.
- Diversify your portfolio: This reduces risk and prepares you for market downfalls.
- Counteract emotional decisions about money: Understand the psychology of wealth and avoid common emotional blunders while dealing with finances.
- Define what real wealth means to you: It can be much more than just material possessions.
- Take guidance from the experts: Leverage on the advice and insights shared by the top investors in the book.
- Overcome fear: Equip yourself to handle economic uncertainties and use fear as an opportunity for profitable investment.
- Give back to society: Take inspiration from Robbins and use your wealth to support causes you believe in and help those in need.
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