I've been a fan of Tony Robbins since being introduced to his work several years ago. And I have had the honor of partaking in his Unleash the Power Within seminar too. I just finished reading his latest book Unshakeable so this is a review based on that experience.
Since I have been working for myself pretty much most of my adult life now, I have never worked at a company where opening a 401k account was offered. It really wasn't until I got divorced in my late twenties that I actually bothered learning about opening up a retirement account. And even then, I made the very mistake Tony Robbins talks about in entrusting a friend who has the title of a financial advisor whose agenda was to sell me an expensive life insurance policy instead of helping me open a retirement account. Thankfully, I was able to get a second and third opinion and realized my mistake before it became a very expensive one long before I read the book.
However, in reading the book I was able to learn the different types of financial advisors and what to look for. Likewise, I had recently shopped around for a new tax accountant and have come to learn what to look for in that particular situation as well. There are certain things I believe in hiring professionals to get the job done correctly, especially when it comes to legal documents or anything that I am unfamiliar with that could get me in trouble if I do it myself incorrectly. So it's that much more important to know that I'm hiring the right people in the first place!
It was also when I opened a retirement account that I started to invest in stocks. According to the book, low-cost index funds is the way to go and I was reminded of why I shouldn't invest in mutual funds. I admittedly wasn't aware of all the different asset classifications for low-cost index funds until I read the book (and I still need to refer to the post-it notes I stuck on the pages in the book to go over them as I type this).
I do consider myself a creative, artsy type. But I've also been running a business for over ten years now and have made a living from doing creative, artsy things. Reading a book on finances many not seem as entertaining as a pre-conceivably creative, artsy novel ---- but pretty darn vital for a single, independent, modern vintage woman. And I would argue that it's even more of a challenge to be creative in presenting information in a book about finances so that people can understand it and hence, enjoy reading it.
More surprisingly, I actually was moved to tears when I was reading one of the chapters in the book on emotional/psychological/spiritual wealth. It was a two-minute gratitude meditation that Tony Robbins takes people through at his seminars. He has an audio version of it available too but I decided to continue reading the words on the pages and went through it as I read along. Somewhere between steps 2 and 4, I lost it. He instructs you to breathe while becoming physically aware of your heart beating, reminding you to be grateful for it doing just that.
Here's to learning to make better decisions, building & growing wealth, and being grateful for what we have.
Published by Mona Lisa Moon