The 5 Principles of Financial Grit

 

Key Takeaways

  • When it comes to success in life, research shows that grit is even more important than talent or intelligence.
  • People with financial grit have a clear understanding of the value they deliver to those who pay them.
  • Financially gritty people also commit to lifelong learning, bounce back from money setbacks, always focus on their ultimate purpose, and make tough decisions.

6 Needs That Won’t Change

Key Takeaways

  • According to Tony Robbins, there are 6 deep human needs that do not change.
  • These 6 needs can apply to money and how we use it and operate with it throughout our lives.
  • Money is a tool that has the potential to help us balance between our fears and our wants.

Planning for Success

Key Takeaways

  • There are six key steps to building lifelong wealth.
  • Establish short-, medium- and long-term goals, and never stop making adjustments to them.
  • Take care of urgent matters first, important matters second and nice-to-have issues last.

5 Key Money Issues

Key Takeaways

  • There are five issues that successful investors have when it comes to their wealth.
  • The five issues are wealth preservation, tax mitigation, wealth transfer, wealth protection, and charitable giving.
  • Once you’re in the stay-rich game, you don’t want to go back to the get-rich game.