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The Law of Money
The Law of Money
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Book Introduction
A word from MD
The Unshakable Law of Wealth
Don't be fooled by the market's lies! The rich only believe in the laws of money.
Money Secrets exposes the hidden truths behind financial and insurance companies, revealing the investment principles of the world's top 0.001% billionaires, so you can build wealth without wavering in volatile markets.
#1 Amazon Bestseller, recommended by Alan Greenspan.
March 6, 2018. Economics and Management PD Kim Hyun-joo
Some people become rich by 'growing' their money without wavering, whether in a recession or a boom.
However, most ordinary people jump into investing when the market is rising, but when it falls even slightly, they get anxious and get out, ultimately missing out on a big opportunity.
Which side are you on?

Tony Robbins, a master of change psychology who has helped millions of people around the world grow, witnessed the Lehman Brothers collapse in 2008 and wondered, "Why do the rich get richer during a crisis while ordinary people get poorer?"
He decided to thoroughly investigate 'How do rich people win the money game?' so that no one would suffer from losing in the money game.
He met with the world's 0.001% wealthiest individuals, including Warren Buffett, Ray Dalio, and Alan Greenspan, who control the world's finances and vast sums of money, and drew upon their lifelong investment know-how, financial philosophy, and market analysis methods.
Then, they systematized the core laws of wealth that only they knew, and organized them step by step so that ordinary people could build wealth like them, and included them in "The Unshakeable Laws of Money."
The ultimate goal of this book is contained in its original title, 'Unshakeable.'
The goal of this book is to help ordinary people enjoy a lifelong state of financial freedom, where they can safely and securely grow their money 'without wavering' in both boom and bust, and live 'comfortably' and wealthily.

So, is there a way to break free from the patterns that cause ordinary people to fail and achieve financial freedom? Tony Robbins has analyzed and organized the winning investment patterns of the wealthy, along with their core investment principles and mindsets, in "The Unwavering Laws of Money," to help anyone think and invest like the wealthy.
Tony Robbins doesn't just explain why you should hold on, he also teaches you where and how to invest to hold on.

The rich also have different perspectives when choosing investment products.
They never fall for the sweet talk of financial planners.
This is because we are well aware of how the various fees and taxes attached to general fund products and insurance products seriously eat away at assets in the long run.
This book analyzes the enormous losses incurred by even the smallest differences in fees, helping ordinary people acquire the insight of the wealthy. It also offers a variety of investment portfolios that can generate high returns with minimal tax deductions.
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index
A Reviewer's Note: Build a Solid Life with Unwavering Investment
Introduction: How to Become the Master of Money, Not its Slave
Recommended Reading: Invest in High-Return, Low-Risk Investments

Part 1: The Unwavering Law of Wealth

01 Firmly and without wavering
How to Achieve Financial Freedom in an Unstable World

02 Winter is coming! But when will it arrive?
7 Facts to Allay Market Crash Fears

03 Hidden Costs and Obscured Truths
How financial institutions rip off customers without their knowledge

04 Rescuing Retirement Funds from Risk
The truth hidden by retirement pension insurance companies

05 Who to trust
How to Find a Real Financial Advisor Who Will Protect Your Money

Part 2: Building a Solid Wealth Pattern

06 Investment Secrets of Wealth Giants
_The Four Core Investment Principles of Billionaires

07 Prepare to meet a bear
How to Overcome the Fear of Market Declines and Build Wealth

Part 3: Winning Investments is a Psychological Game

08 Silence the Enemy Within
_6 Common Investor Mistakes and Solutions

09 What is true wealth?
_On the best decisions of your life

supplement

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Into the book
I will never forget the fear and terror that was prevalent at that time.
I've seen people lose their life savings, get kicked out of their homes, and struggle to afford to send their kids to college.
Even billionaire clients were calling me in a panic.
Cash was tied up and credit markets were frozen, so people were afraid they would lose everything overnight.
Fear is like a virus, it spreads throughout the world in an instant.
It takes over people's lives and infects millions with anxiety.
(01 Firmly and Unwaveringly 中)

Burton Malkiel, the legendary economist at Princeton University, told me:
“Our investors tend to do some very strange things when they get emotional.
For example, they invest in stocks and then withdraw their money at the wrong time.” You may have seen people who are so fascinated by the upward trend of the stock market that they recklessly invest all their money, even money they absolutely cannot afford to lose.
Conversely, you probably know people who panicked during the 2008 market crash and sold all their stocks, missing out on the opportunity to profit when the market rebounded the following year.
(01 Firmly and without wavering)

The average duration of a bear market is about one year.
As the downtrend continues, most people become pessimistic.
They believe that stock prices will never rise again, that they will only lose money as time goes by and that winter will last forever.
But keep in mind:
Winter 'never' lasts forever.
Spring is always destined to come again.
(02 Winter is Coming! But When Will It Come?)

“Let’s say the stock market returns 7% per year for 50 years,” he said.
According to this calculation, compound interest can be called '$1 to $30'.
However, funds typically charge a 2% annual fee, which can reduce your average annual return to 5%.
At this rate, “you only get $10 back.
You could earn $30, but you only get $10.
"You invested 100% of the money, took all the risk, and yet you only received 33% of the total return!" Do you understand what I mean? Two-thirds of your profits go into the pockets of fund managers who invested "not a single penny" and took "no" risk! So who will ultimately own that dream villa in Hawaii? (From 03 Hidden Costs and Obscured Truths)

How can you know if the financial products recommended by your broker will truly provide you with the best possible returns? Let me clarify.
A broker has no reason to recommend the most advantageous product to you.
Yes, that's right.
I didn't say anything wrong.
All a broker has to do is comply with the so-called 'suitability' standard.
In other words, if you believe that the product you are recommending is 'right' for the customer, everything will be resolved.
Frankly, suitability is an 'extremely' low bar.
Do you want to marry the "right" person or the one you're destined for? Brokers simply settle for what's right for their clients.
The problem is that brokers and the companies they work for make more money by recommending certain products.
(05 Who to Trust Part 1)

People often think that to make big money, you have to take big risks.
But the best investors don't believe the myth of high risk, high return.
Instead, they seek investment opportunities that involve so-called asymmetric risk/reward.
In other words, investors who win the game always seek maximum reward with minimum risk.
That is the ultimate goal of investors.
(Part 6: Investment Secrets of the Wealth Giants)

The second enemy of investors is fees.
In addition to the obvious costs, there are hidden fees lurking in many areas that you might not even think about.
And thanks to the magic of compound interest, over time these costs will literally eat away at your savings by the thousands, if not tens of thousands of dollars.
Remember, the more you spend on unnecessary expenses, the less capital you have to continue raising children.
(From the introduction)
---From the text

Publisher's Review
★★★#1 New York Times, Wall Street Journal, Amazon Bestseller

Cryptocurrency, KOSPI, and real estate surge... What's next?
Everyone takes advantage of the opportunity to become rich.
Except me!
Unlocking the Secrets of Warren Buffett, John Templeton, and the 0.001% Wealth Giants

Some people become rich by 'growing' their money without wavering, whether in a recession or a boom.
However, most ordinary people jump into investing when the market is rising, but when it falls even slightly, they get anxious and get out, ultimately missing out on a big opportunity.
Which side are you on?

Tony Robbins, a leading figure in change psychology who has helped millions of people around the world grow, witnessed the Lehman Brothers collapse in 2008 and wondered, "Why do the rich get richer during a crisis while ordinary people get poorer?"
He decided to thoroughly investigate 'How do rich people win the money game?' so that no one would suffer from losing in the money game.
He met with the world's 0.001% wealthiest individuals, including Warren Buffett, Ray Dalio, and Alan Greenspan, who control the world's finances and vast sums of money, and drew upon their lifelong investment know-how, financial philosophy, and market analysis methods.
Then, they systematized the core laws of wealth that only they knew, and organized them step-by-step so that ordinary people could build wealth like them, and included them in "The Unshakeable Laws of Money."
The ultimate goal of this book is contained in its original title, 'Unshakeable.'
The goal of this book is to help ordinary people enjoy a lifelong state of financial freedom, where they can safely and securely grow their money 'without wavering' in both boom and bust, and live 'comfortably' and wealthily.

The One Book That Will Take Charge of Your Financial Freedom
“Don’t be swayed, don’t be fooled, there is a chance to become rich!”

Anyone interested in investing likely couldn't have overlooked the cryptocurrency craze that ran from late 2017 to early 2018.
News and social media reported the rise and fall of virtual currencies almost in real time, and countless stories of people achieving profits hundreds or thousands of times their initial investment and becoming nouveau riche poured in from all over the world.
The news spurred investors on, as if to reprimand those who had not yet jumped into investing.
But as we all know, most people who invested late suffered huge losses without even recovering their principal.


You buy when the market is swept up in excitement and sell in a hurry out of fear, losing money.
This isn't just a story about virtual currency.
There are countless legends of 'golden hands' who became wealthy by accurately selecting only undervalued, high-quality stocks in stocks, funds, and real estate.
But most people only realize that it was an undervalued stock when it had already gone up.
And then you either blame yourself for not recognizing it sooner, or you jump in too late and lose the money you earned so much.
You might get lucky once or twice, but if the economy falters even for a moment and your assets plummet, it's not easy to maintain your composure.
If there is one consolation, it is that this is the pattern of all ordinary people.


This pattern of failure will never lead to wealth! So, if you cash out your entire portfolio when stock prices peak and then go all-in on blue-chip stocks when they bottom, you can become rich. It's not as easy as it sounds.
Even world-renowned investor Warren Buffett said, "It's better to be a fortune teller than to aim for that," and even John Bogle, the financial world's godfather and founder of Vanguard Group, which manages $3 trillion, declared, "I've never seen a single person in my entire life who can do that!"
Why not consider burying your money in high-performing funds? The best performing funds are like stocks that have already risen.
In other words, there's no guarantee of continued good performance! So, can you become wealthy by diligently saving your hard-earned money in the bank to avoid losing it? Considering inflation, tying up your precious assets in the bank at current interest rates isn't a good option.


If you want lifelong financial freedom, don't be fooled by the market's gimmicks!
The rich only believe in the laws of money.

So, is there a way to break free from the patterns that cause ordinary people to fail and achieve financial freedom? Tony Robbins has analyzed and organized the winning investment patterns of the wealthy, along with their core investment principles and mindsets, in "The Unwavering Laws of Money," to help anyone think and invest like the wealthy.


There is no one who is unaware of the age-old market wisdom that says, "Those who endure long win!"
However, while most people may be able to hold out for a day or two, or even a week, if a bear market lasts for more than a month, it is a very common pattern for people to fall into the trap of fear that "this time it will be different," withdraw their investment funds, and hide.
Tony Robbins aims to break this pattern and shift it to a winning investment pattern. By delving into real-world economic data, historical facts, and relevant research dating back to 1900, he deeply impresses upon us the age-old truth that "the market eventually rebounds, and only those who persevere reap the rewards." (In addition, the book provides a detailed explanation of Korea's economic trends and analysis, supervised by Jeong Cheol-jin, Korea's leading economic columnist and financial expert.)

Tony Robbins doesn't just explain why you should hold on, he also teaches you where and how to invest to hold on.
We delve into the investment options and investment methods that are commonly preferred by many and appear to be safe, but are actually very risky, or so-called "leaders in the front and losers in the back."
For example, gold, which everyone calls a safe asset, may experience minor fluctuations in the short term, but historically it has always declined.
An investment that is expected to decline is never a good investment.


The rich also have different perspectives when choosing investment products.
They never fall for the sweet talk of financial planners.
This is because we are well aware of how the various fees and taxes attached to general fund products and insurance products seriously eat away at assets in the long run.
This book analyzes the enormous losses incurred by even the smallest differences in fees, helping ordinary people acquire the insight of the wealthy. It also offers a variety of investment portfolios that can generate high returns with minimal tax deductions.


Overcome your inner enemy and remain unshaken even when you are afraid
How to Live Like a Truly Rich Person

Even if you know that the market is always subject to fluctuations and follow the investment principles of the wealthy to invest your assets as safely and firmly as possible, if you fail to calm your inner enemy, you will quickly collapse.
It's not that I'm mentally weak, but because 'the part of the brain that controls financial loss is the same part of the brain that reacts when life is threatened', it's natural that I can't hold on with a normal mind.


Rationally, you know that buying stocks on the cheap in a bear market is the smartest choice, but your brain is telling you to sell all your stocks right now and hide under the bed until the risk is completely gone.
It's not surprising that most investors actually behave that way.
Because it is a side effect of the most basic survival instinct of humans.
The reason we panic when stock prices fall is because our brains perceive economic collapse as almost equivalent to 'death'.
_Page 240, from “Silence the Enemy Within”

Tony Robbins doesn't just teach technical investing techniques; he analyzes the causes of common mistakes and offers practical solutions to minimize them, helping investors avoid the pitfalls that stand in their way of wealth.


This book, "The Unwavering Laws of Money," contains everything you need to become rich, from the "absolutely unchanging laws of money" to "specific investment methodologies" that anyone can practice, and even a "rich mindset" that will not waver in any market.
Therefore, by following this book, you can internalize everything from the thinking patterns of the wealthy to winning investment patterns and mental discipline. This book will help even ordinary people with little financial knowledge become wise investors, unfazed by market conditions and unfazed by them. Furthermore, it will guide them to a life of true wealth and comfort.
GOODS SPECIFICS
- Date of issue: March 5, 2018
- Page count, weight, size: 339 pages | 596g | 152*225*22mm
- ISBN13: 9788925563305
- ISBN10: 8925563304

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