Tony Robbins suggests that one has to be able to make money during sleep hours in order to reach financial freedom.

Laura Hermes

2019-04-27 16:41:00 Sat ET

Tony Robbins suggests that one has to be able to make money during sleep hours in order to reach financial freedom. Most of our jobs and life experiences train us to be consumers but not investors or owners. This memetic trend often leads to a persistent investment shortfall in America. As a recent BankRate survey suggests, only 40% of Americans are able to cover an unforeseen $1,000 expense with their deposits. Many Americans choose not to save enough for retirement.

A recent study by the Federal Reserve Bank of Saint Louis finds that only 27% of U.S. households have pension plans in place. In light of this key pervasive lack of financial discipline, Tony Robbins argues that the typical layman cannot expect to earn his or her way into a fortune. Robbins suggests that we need to make money while we sleep.

This personal finance tip sheds new light on the importance of both passive income and compound interest. For instance, if a 20-year-old adult invests $50 per week and compounds this interest income on an average 10% annual return, he or she will accumulate about $2 million at the conventional retirement age of 65. The long-term investment strategy wins throughout stock market fluctuations.

 


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Hong Kong billionaire Li Ka-Shing announces his retirement in March 2018 with an incredible rags-to-riches life story.

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2018-03-11 08:27:00 Sunday ET

Hong Kong billionaire Li Ka-Shing announces his retirement in March 2018 with an incredible rags-to-riches life story.

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Amazon, Berkshire Hathaway, and JPMorgan Chase establish a new company to reduce U.S. employee health care costs.

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2018-01-23 06:38:00 Tuesday ET

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The OECD projects global growth to decline from 3.2% to 2.9% in the current fiscal year 2019-2020.

Rose Prince

2019-10-29 13:36:00 Tuesday ET

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Nobel Laureate Joseph Stiglitz proposes the primary economic priorities in lieu of neoliberalism.

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2019-06-29 17:30:00 Saturday ET

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Stock Synopsis: With a new Python program, we use, adapt, apply, and leverage each of the mainstream Gemini Gen AI models to conduct this comprehensive fundamental analysis of Cisco Systems (U.S. stock symbol: $CSCO).

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2025-10-07 10:30:00 Tuesday ET

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Former White House chief economic advisor Nouriel Roubini discusses the major limits of central-bank-driven fiscal deficits.

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2019-12-25 19:46:00 Wednesday ET

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