Takeaways from "MONEY Master the Game"

MONEY Master the Game: 7 Simple Steps to Financial Freedom

by Anthony Robbins

   The "Money Master the Game" is a long book with 600 more pages. The book presents useful information regarding money, investment, and some other useful tips in life. I think the lessons about investment, index funds, fiduciary, asset allocation and others are very important these days. The book also contains interviews with famous and wealthy investors.

   The "Money Master the Game" may serve best for Americans because most of the techniques and tools like 401k, Roth IRA are available only in the USA. However, you can find similar tools in other countries too. Overall, it is helpful to understand how the system works. 
   Here, I listed my lessons from this book.

• Manage your money wisely, take care of it, don't lose it. Have a plan for how to properly spend it for yourself and your family, and increase it as much as you can.  
• Before investing your money, learn the investment, read about it and consult with people who know better about it.
• Invest early, and it pays off in a long-term
• Diversify your portfolio, think about a variation of items like stocks, commodities, gold, etc.  Put your eggs in separate baskets and watch them carefully.
• Be careful with mutual funds, because their fees may eat a huge part of your earnings.
• Use fiduciary or financial advisor in your critical decisions.
• Richness is not limited to wealth only, be rich in your health, relationship, knowledge, and experience too.
• Last part of the book is inspirational, it gives a motivation, helps to broaden your vision and identify your priorities in life. 

It is a useful book and I recommend it to read.