Book review for: Unshakeable- by Tony Robbins
Book review for
UNSHAKEABLE
By Tony Robbins
Unshakeable, by Tony Robbins, is a bestselling investment book that has enabled millions to attain their all time dream of financial freedom with simple-to-understand theories and observations from the world’s best investors like Warren Buffet and Ray Dalio. This book is a must-read for every individual out there that aspires to reach every one of their financial goals. What can I say, it will make you truly Unshakeable!
The first chapter, named “Unshakeable” itself, Tony primarily presents an outline of the real meaning of being unshakeable from a financial aspect. Followed by explaining some ways of how to find certainty in times of uncertainty, introducing the audience to some masters that have been in this game for ages and certain patterns of the market.
The second chapter “Winter is coming… but when?”, statistically proves the stock market patterns during and after corrections and bear markets. Next, even the power of compounding or the “eighth wonder of the world” according to Albert Einstein, was elaborate upon. The highlight of the chapter- “freedom facts” are then explained, which are the ultimate path one needs to follow for financial freedom.
With “Hidden fees and half-truths” as the third chapter, Tony reveals how dilution of net returns through excessive fees drastically hampers one’s portfolio over the long term, further proving its impact by comparing between the lucrativity of active and passive funds.
Next chapter being “rescuing out retirement plans”, the logistics towards 401(k) plans (a tax-advantaged retirement account available in the USA) and fees charged by financial corporate giants are presented. This is indeed, an eye opener for a plethora of investors that have been unaware of the impact from the following factors.
The chapter 5 is “Who can you really trust?”, that refers to the financial advisors we seek expertise from by depending our entire futures on their
advice. This chapter provides clarity on what you should look for in a financial advisors, that can actually help you to grow your wealth exponentially, without any conflict of interest.
After the 1st part-”Wealth: the rule book” from these 5 chapters, the book is then directed to the second part- “the Unshakeable playbook” that goes into further detail for attaining financial freedom.
Chapter 6- “the Core four” develops through some prime strategies that are observed as a part of the plans of the best of investors. Every core principle is a vital tool for better efficiency that will in turn lead to higher returns with lower volatility for every investor.
In the chapter “Slay the bear”, Peter Mallouk introduces the audience to investor psychology in situations and then provides detained ways of diversification in all aspects, including multiple asset classes and countries, that reduces the overall risk.
Nextly, the chapter 8 of the section 3- “the psychology of wealth” portrays how the desire for certainty and fear might wash away rational chances of taking once-in-a-lifetime opportunities of making money and the mistakes investors make that can cost them their financial freedom. With even ways of how one can overcome the survival instinct of the human brain by knowing, and more importantly, preparing, for certain hurdles that are likely to arise in the journey of an investor.
Lastly, chapter 9 that is the “Real wealth”, goes over the skills one should develop in order to achieve the sense of genuine happiness, besides the financial aspect of things. Even ways of transitioning into a state of happiness have been mentioned, so that the take-away from the book does not only lead to wealth creation but also the true piece of mind, that makes an individual entirely- Unshakeable!
~Shagun Johrii
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