Top positive review
27 June 2018
This is a great book and I have found a great admiration for Tony Robbins. It's pretty clear from reading his book and watching his interview that he really cares about helping other people through knowledge and money.
The notion of investing in Mutual Funds was completely obliterated, this I definitely support. Just index guys, through DCA in my opinion. Another thing I like about this book is when he asked about what amount of money will satisfy you? One guy said a billion dollars and instead of just ignoring his, Tony went ahead and showed him how it doesn't take much money (critical mass) to maintain your dream level of lifestyle.
Many concepts in this book are American so Indian readers should search for Indian equivalents of those concepts and the Ray Dalio portfolio diversification, well someone should backtest that on the Indian market.
Either way, you can just index with NIFTY or SENSEX with Dollar-Cost averaging.
If you know how to invest and how to not get emotional during mass pessimism, then this diversification is not for you and you are massively limiting yourself. Cautionary note, you should really be able to invest yourself though, not trading but INVESTING.
The best part of the book in my opinion were the final chapters, the act of giving. So whoever says money can't provide happiness is dead wrong. It enables you to help those in need and that will definitely make you happy, more than any amount of money will ever be able to do.
On a final note, this is a definite read and Indian folks, look for Indian equivalents of these American plans and be sure to apply these principles in your personal life, "Knowledge is not power, it's potential power. Application of knowledge correctly in your life is power".