The Learning Leader Show With Ryan Hawk - 568: Tony Robbins - Learning From Mentors, Building Confidence, Becoming More Valuable, and Coaching The World's Most Impactful Leaders
Episode Date: February 16, 2024Order our new book, The Score That Matters https://amzn.to/48jAoUM Full show notes at www.LearningLeader.com For the past 40+ years, Tony Robbins has been known worldwide as one of the most impactful... business and life coaches in the world. He's hosted millions of people at his events, written 6 international best-selling books, he's involved in more than 100 businesses that have done more than 7 billion dollars in revenue, and as part of his work with Feeding America, Tony has provided more than 850 million meals to those in need. He's personally coached President Bill Clinton, Serena Williams, Connor McGregor, Marc Benioff, Usher, the Golden State Warriors, and many others. Notes: The advice Tony received from Jim Rohn. "Your job is to become more valuable. We are all equal as souls, but not equal in the marketplace." "If you want things to get better, you've got to get better." Commonalities among leaders who sustain excellence: They find something they care about more than themselves, they have a hunger for it, and they work amazingly hard at it. "You're rewarded in public for what you practice in private." Steph Curry has taken far more practice shots than game ones. He's rewarded in public for what he does in private. How to build confidence: Preparation creates certainty. "Whatever you hold in your mind on a consistent basis is exactly what you will experience in your life." The essence of building confidence is this: If you go into a situation knowing that you can handle it – whatever it is – then that's exactly what you'll do. "A belief is a poor substitute for an experience." You might believe it's something you're going to love, but you don't fully know until you do it. Get in the arena and do it. See what it's like. That's when you'll learn. Tony learned NLP from John Grinder (founder of NLP). Neuro-Linguistic Programming. is an approach to communication, personal development, and psychotherapy, that first appeared in Richard Bandler and John Grinder's 1975 book The Structure of Magic I. NLP asserts that there is a connection between neurological processes, language, and acquired behavioral patterns, and that these can be changed to achieve specific goals in life. "The path to success is to take massive, determined action." "Any time you sincerely want to make a change, the first thing you must do is to raise your standards." "The power of positive thinking is the ability to generate a feeling of certainty in yourself when nothing in the environment supports you." "The reasonable man adapts himself to the world: the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man."― George Bernard Shaw Tony interviewed a dozen of the world's most successful investors in private equity, private credit, private real estate, and venture capital. He wanted to learn everything he could about the private markets and investing. Ray Dalio - Apply diversification across 8-12 uncorrelated investments.
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The best investments in the world are limited to the wealthiest people.
How insane is that?
Imagine you're making 50% more money per year compounded.
The holy grail of investing.
It's mind-boggling.
Show people how to actually do it, how an average person could do this now.
That'll change the game.
The greatest keynote slash inspirational slash motivational speaker of all the time.
What do you do when we're not watching?
I've had the opportunity to work with everybody from Mother Teresa.
Serena Williams.
Nelson Mandela.
Every living president.
Who coaches you?
It started me on a journey.
I decided to feed 100 million people.
What's the dialogue amongst the titans of the world?
The biggest problem in our society today is where's the world right now?
What's coming?
It's going to be a disaster.
If you want to help your kids have a great future regardless of AI, something's going to change.
Got it.
People talk about 10,000 hours.
I've got 90,000 hours.
Wow.
That's a big difference.
Uncertainty kills performance.
If you're considered the best on Earth, you're going to prosper no matter what happens.
something about Tony that nobody knows.
Welcome to the Learning Leaders Show, presented by Insight Global.
I am your host, Ryan Hawk.
Thank you so much for being here.
Text Hawk to 666866 to become part of Mindful Monday.
You, along with tens of thousands of other learning leaders from all over the world,
will receive a carefully curated email for me each Monday morning
to help you start your week off right.
You'll also receive the first two chapters of my new book,
The Score That Matters, for free if you text Hawk to 666866.
Now, on to the night's featured leader.
For the past 40 years, Tony Robbins,
has been known worldwide as one of the most impactful business and life coaches.
He's hosted millions of people at his events,
written six international bestselling books.
He's involved in more than 100 businesses that have done more than $7 billion in revenue.
And as part of his work with Feeding America, Tony has provided more than 850 million meals to those in need.
Tony has personally coached President Bill Clinton, Serena Williams, Connor McGregor, Mark Benioff, Usher, the Golden State Warriors, and many others.
During our conversation, we discussed Tony's origin story.
and what he learned from early mentors in his life like Jim Rohn.
Then he shares how to develop, maintain, and grow confidence in yourself.
Then Tony shares his intense, maniacal preparation process for his live events
and how all of us can prepare for the big moments in our lives.
Talk about that and so much more.
Ladies and gentlemen, please enjoy my conversation with Tony Robbins.
Tony first thanks for coming on a learning leader show it's great to have you man
thanks Ryan it's great to meet you I'm curious over the course of your life you've gotten to work
alongside some of the best of the best leaders who have sustained excellence and that's really what
I study here and have for the past nine years I'm curious what have you found to be some of
the commonalities among leaders who sustain excellence over an extended period of time
I've been very privileged to say the least I've had the opportunity to work with everybody from
Mother Teresa Nelson Mandela, every living president, except the current one, some of the greatest
leaders in entertainment, business, obviously in finance. Common denominators, I'd say that the number
one thing is finding something that you care about more than yourself. They have some kind of
mission or vision that gives them that energy. You and I both know when it comes to drive,
there's push and there's pull motivation, right? Push, you're going to get exhausted eventually.
Pull is something so compelling to you. It's more than you that you are pulled to give more, to do
more to create more. I think second, I love people that are wickedly intelligent. I love wicked
intelligence. However, I've met some wickedly intelligent people I can't fight the way out of a paper
bag in a pragmatic way. So I would say that right up there with that sense of mission is that hunger.
The hunger to be more, to do more, to give more, to create more, a hunger that doesn't go away,
not a hunger like I got a goal to achieve X, lose weight and get to the party type of thing.
That hunger that's sensationalable, whether you're talking about somebody like Mark Benioff at
Salesforce, you haven't been doing these things anymore, or somebody like Ray Dalio, who's still
delivering after 50 years, almost in the investment business, or you look at somebody, you know,
like Richard Branson, who's got as much passion and hunger, almost 70 years old as he did when
he was 16, starting his first company and Virgin, like crypt. So I think hunger is the most
beautiful thing. And then one more is they're willing to do the hard work. I mean, some people have
a nice vision and they're hungry, but not hungry enough to do what's hard and do it over and over again
with repetition. I always say that when you see someone who's the best in the world
at something, people get rewarded in public for what they practice insanely in private.
I'm fortunate enough to own a piece of several sports teams, and I've coached some of them,
the teams, and one of them I've got a chance to work with and own a piece of is the Warriors.
And so I've gotten to all the players over the years, and Steph Curry is one of the greatest,
is the greatest three-point shooter in history. But people look at him and you see him make a shot,
he releases the ball for almost half court. He's chewing on his thing. He turned
He doesn't even look. He knows it's going in. And people like, oh my God, that's magical.
Well, it is, but they don't realize for his entire life. He shoots 500 shots a day, every single
day, seven days a week, 3,500 shots, no exceptions whatsoever. So give me an idea. That means he's doing
14,000 shots a month, 168,000 shots a year. And his career in the NBA, was a little more than 15 years.
He's shot literally 2.52 million practice shots.
so that he can make 3,000 shots, basically,
there are three-pointers in the real games.
I mean, it's just the number of shots he takes in a real game,
the number of he makes in a real game
are not even one-tenth of 1% of the practice shots.
So it's like, that's what it takes.
If you have that kind of hunger and drive,
if you're willing to do the hard work,
if you've got something to serve greater than yourself,
you're going to be a great leader.
There's a lot of things your world-class at,
but I think most people would agree
or maybe the greatest keynote slash inspirational
slash motivational speaker of all time.
And I'm curious when you hear that,
what do you do when we're not watching?
Because we see you on stage.
We see you moving thousands of people,
stadiums, arenas of people.
What are your Steph Curry jump shots
when nobody's watching to get ready
to change so many lives when you're on stage at live events?
That's a great question.
People ask my wife sometimes.
What's something about Tony?
that nobody knows. And she said, what his work ethic is like in terms of preparation. I so over-prepared.
I was doing this event a couple weeks ago. We had 1.1 million people for four days from 195
countries, all participating in this seminar I put on. And so you had people from every walk of life,
every country, 193 countries, all the countries in the world. But I was up until three or four
in the morning every night watching the videos of people before they joined this challenge. And then
each night they gave them homework. And I watched and watched and watched.
And what happens is I start to see patterns and I see what people need and I change what I'm doing the next day based on that.
But also I've fortunately been doing this.
People talk about 10,000 hours.
And I think a lot of people, that's a barrier.
You only really need about 20 hours to get good at something decently good, not masterful, but good.
And I think a lot of people don't begin because they hear this 10,000 hours that's been so overused.
However, there's no question if you keep improving.
It's not the number of hours, but if you keep improving, and I've got 90,000 hours.
I'm talking about on stage.
That's not preparation times.
So when you do that enough, at some point, I could be an idiot.
I have to see patterns, right?
And I think being able to recognize patterns, most people today have such a short attention span.
So to take people that won't sit for three-hour movie, much less a 20-minute presentation on video,
and take them all over the world in different locations and different time zones and go 12 hours a day, 13 hours a day,
where they're fully engaged, requires a different level.
preparation. It's also preparation in my body. So I do so many things now become popular like
cold plunges and stuff. I've been doing this for about 18 years to give in an idea. I have a
hyperbaric oxygen machine. I reduce my oxygen for my intense workouts. So the amount I do physically
to be able to get up there and maintain that energy for 12, 13 straight hours for four days or six
days or seven days in a row is another element of mine. And then it's constantly asking new questions,
constantly learning, I think very much like you, Ryan. That's why I want to
wanted to meet you. It's like you and I share this passion for understanding what's the difference
that makes the difference in the quality of leadership or the quality of life. And I'm constantly
getting that from books and conversations and quite frankly, most importantly, from real people
that I have the chance to interact with that are leaders around the world. The best athletes in the
world have coaches. You've coached some of them. I think of Serena Williams. She's like the best
of all time. You're one of her coaches. She also has a tennis coach and Michael Jordan had Phil
Jackson and Tiger Woods has hired swing coaches and other types of coaches. Presidents, Bill Clinton
would call you the night. Well, I'm going to get to that story in a second. But my point
is saying is that the best of the best, they want to be coached. Peyton Manning talked about this all
the time. He loved being coached in practice and games. He loved it. If you coached didn't coach you,
he was upset. Who coaches you? You're the guy coaches everybody else. Who helps you? I'm curious
watches your film or gives you feedback. How do you get coached? Well, I have a group of people
that will often call me their coach, but I'm not stupid enough to be around such brilliant people
and not learn myself. I have a core group like Mark vating off from Salesforce.
Mark came to my seminars years ago and he was working for Oracle and he went to like four seminars
in a row and then he finally came up, introduced himself and he said, don't want you come on this
journey with me, you convinced me, I'm leaving Oracle, I'm to start this company called
Salesforce.com and he said, I'll never forget. He said, we're going to do a hundred million
dollars in business and change the world. So now he's doing like 30 billion. So it's been a fun
journey. But Mark is one. Ray Dalio is another one who's a dear, dear friend and there's a great
coach when I go to. Like last week, I wanted to get some coaching on where I think the world's
going financially, and I have a good fortune that I could hold together Ray Dalio, Paul
Tudor Jones, Howard Marks, Jeffrey Gunluck, all in a matter of three or four days and pick their
brains. Peter Goober is a dear friend of mine who owns the Warriors and the Dodgers, and we
own multiple pieces of teams together, but he's got 52 Academy Award nominations,
one of the most brilliant people I know in the world. So I'm lucky enough to have to
have so many brilliant people that when I come and they say I'm their coach, I know how to coach them on
what I'm doing, but when I get someone with great expertise, trust me, I pick their brains and
we usually become good friends and we even become pitching and catching instead of me just
pitching to them. I love it when somebody can throw the ball back. And so I'm fortunate to do that
with the kind of people I have the privilege of surrounding myself with. I'd be curious if you
could take me inside a retreat or an offsite, whether some of those guys or other people,
where you're together in rooms, you're having dinners, you're probably doing some physical things,
together. What does it sound like in those rooms? What's the dialogue amongst the
titans of the world? What's the type of stuff you talk about and how do you help one another?
Well, it depends on the context. So last week, when I was talking about, we had a group of leaders
together and we went up to Whistler Canada in the mornings we all skied and snowboarded and so
forth. And then we came together for the second half the day from noon to midnight or one in the
morning. It's the kind of, I do deep immersions. And we were digging every aspect of what's happening.
We had Secretary of State Pompeo there, and we're finding from all these brilliant minds,
and we had, I think, eight self-made billionaires there, all talking about where's the world right now,
what's coming, how do we adapt?
Because we have $212 trillion of unfunded liabilities when you count Medicare and Social Security,
and there's no human way that can ever be paid back.
And so now the interest rates are higher, the interest on that alone, if interest rates don't drop significantly,
it's going to be a disaster.
It's not that far in the future where we're 50% of all tax.
tax receipts would just be covering to give you perspective the interest rate. If the interest
stay where they are in that same short period of time, we get to 100% of tax receipts would just
be covering the debt, right? Just covering the interest on the debt. So that's not feasible. So
something's going to change. And so that brings up a lot of emotion as you might matter,
because people love certainty and they have their lives the way they are and they want to continue
those ways if they're successful. But you have to be able to adapt. And we're in the middle of a
global change. Ray Dalio talks about this when he talks about the changing world order.
There are these patterns that you can see. By the way, everything I do is about patterns.
If you develop three skills and you or if you want to help your kids, be sure your grandkids
have a great future regardless of AI or robotics or nanotechnology. The answer is they've got to
come to learning machines. And the way you do that is number one, you master the skill of pattern recognition.
Because when you start to recognize patterns, things are no longer chaos. They're no longer
overwhelming to you. But what's more powerful is when you not only recognize them, but you get the
second skill, you start to use those patterns. So you look at any great musician, any great
business person, any great financial trader or investor, anyone's great at anything. They know
exactly the way to move their body or their voice or the camera angle or their eyes to produce
that result, maximum result every single time if they're the best in the world. But the very
best make it to the third level, which is you start creating your own patterns. If you're
learning to play music, playing the piano, initially you're probably going to be playing
somebody else's music. You're learning a pattern and you learn how to use it. And then gradually,
you start to bring yourself through it. And I think that's really what I do in those environments
is I really help people see what those patterns are. So there's some patterns in the economy.
There's patterns in people's emotions. There's patterns in business. I'm fortunate enough now to
114 companies, we're doing over $7.5 billion in business across all these different
industries. And it's all because I never went to Harvard Business School or any business school.
I got to work with the best entrepreneurs in the world and study their patterns, figure out what
made them successful and study the ones that made people make mistakes or have failures.
And if you get enough of that, you develop principles that can guide you. And that's what
happens in these situations. But we have private one-on-one conversations. We have group conversations
where it's intimate like that, only 500 people. But then there's the 10,000, 15,000. I just did
1.1 million people. And we're still having pretty intimate conversations because I'm using technology
adapted because of what happened during COVID. And I built a 25,000 square foot studio with 20 foot high
LED screens, 0.67 resolution so I can see everything that's going on. And I went to the founder
of Zoom as a fan of mine and said, listen, I need more than 1,000 or 1,200. I need 50,000. I need
100,000. And so now we can bring up on screen, full screen, interact with you. You're larger than life, 20 feet
tall and the interactivity is amazing. So we have people, we'll start, for example, here in Palm Beach,
Florida at 10 in the morning, and it's midnight in Australia. And we got thousands of people going
from midnight in Australia until one in the afternoon the next day, about 12 and a half, 13 hours
for four days and nights. And I'm looking at them. I'm seeing them in their homes and I can see
the sun coming up and then going down by the end of the program. So those patterns really help us.
But everything I do still requires a change in physiology. What I mean by that is,
information doesn't change your life. If I asked where you were on 9-11, I bet you remember vividly.
Am I right? Oh, yeah. Yeah. Wayroom of Miami University. Yep. You can remember the moment,
what you saw, who was there. People all of the world, even non-Americans can tell you that. Why?
If I asked you where you were on, say, 8-11, you don't have a clue. And the reason is information without
emotion is barely retained. But when there's strong emotion information, it's retained.
So we've been doing these studies during COVID.
I was approached by the people at Stanford
because two of their professors came to one of my programs,
a five-day program, and they were both clinically depressed
and came out with no depression, no more use of the drugs,
anything like that.
They were blown away.
And they said, do you have any data on this?
And I said, well, yeah, I got millions of clients.
They said, no, but like scientific data,
I said, no, but if you want to run a study, I'd love to support it.
And I said, we'd love to do one in depression,
because as you can imagine during COVID,
depression went wild, said it overdoses. And I said, okay, but what are the meta studies show?
What are we banking against? What does traditional intervention look like? And he said, well, it's
usually drugs in some therapy, verbal therapy. And he said that across the meta studies,
60% of the people make no improvement, which I had no clue. It's pretty horrific in my mind.
40% improved, but on average they improve 50%, which means they're half as depressed as they were.
Some people get well, most don't, most stay on these SSRIs for a very long time. And we're now
proven a year ago, the meta studies show SSRs don't even work, but we still sell millions of them
every single day. It's crazy. So I said, well, I think we could beat that. I think you could be that
with a placebo. And he laughed and said, maybe. And I said, what's the best study you've ever done?
Well, if we were banking against that, and they said, five years ago at Johns Hopkins,
they did a study where they took people for 30 days and gave them psilocybin, magic mushrooms,
hallucinogenic, and cognitive therapy for a month. I said, well, after a month of that,
He said some change in their brain, and he laughed. He goes, it was the most incredible change we've ever seen to psychiatry.
Six weeks after this 30 days of the drugs and the therapy, these individuals showed no symptoms whatsoever.
54% of them had no symptoms whatsoever. And he said, it is amazing. I said, well, why don't you use that as the benchmark?
So they did. And we use no drugs, obviously. And it wasn't a month. It was five days. But it was reorganizing, which is what we do, the pattern of perception, the pattern of decision making, the pattern of emotion, which
affects everything in your life. And we don't tell people how to do that. We show them how to do it
and how to rewire it in their nervous system so it's automatic. And the interesting thing is the
results were so dramatic. They were afraid of be canceled. So they took the information, sent it blind
to three other organizations, got the same results. The results were these. After six weeks of
attending the five-day, it's called Date with Destiny seminar, 100% of people had no symptoms of
depression whatsoever. Even better. 17% of the people who had suicidal ideation, which means
are constantly thinking of suicide, none at it.
They did a follow up 11 months later with no more intervention from me,
no interaction from me with any of those clients.
And they found that they were not depressed,
but they had a 72% reduction in negative emotions
and a 51% improvement and positive emotions.
So they're now doing one on quiet quitting and corporate engagement.
They just did a year-long program, the largest study of its type.
And I haven't seen the final results when I saw them at six months,
and it was amazing.
It took away four years of shutdowns created,
massive disturbance from engagement, which, as you probably know, engagement is directly tied to
EBITA or profit. The higher engagement, the higher the profit of a company. And there's engaged,
there's disengaged, and there's active disengaged. Disengage would be like quiet quitting.
And actively disengage is like loud quitting, where people are still at the company but trying
to destroy it. In the history of those studies, in those four years of COVID, we have the biggest
drop in engagement in history. We had the largest increase in active disqualification. And
engagement in history. We in five days outstripped everything that happened from four years and then
some and it continued to grow for six months. And I'll get to see the 12 month mark, but from when I've
heard third party, at least, it's gone extremely well. So there are ways to rewire people and a lot of
it has to do with the way in which you engage the nervous system. So it isn't just sitting and listening
to somebody. That wouldn't do squat. But when you engage the nervous system, you change biochemistry
while you're learning. That's that retention like you had for 9-11.
Wow. Okay. Massive transformation that you make with people. That's obvious, proven, right? Studies are there. I want to go back to maybe a little bit more relatable time. You're 17 years old, rough upbringing. Most people, it's well known, but you meet Jim Rohn. And I love mentors and I love the story because I'm so lucky to have some really amazing mentors and football coaches in my life that have changed my life. And I'm curious, Tony, when you think about that time in your life and,
and the work ethic you developed and all the things that came about from that relationship.
What did you learn from Jim and how did he help you?
I think one of the most valuable things I learned from him was I had four different fathers.
We were always broke.
We had no money at Thanksgiving when I was 11.
And as a result of that, I got fed.
But it was more than getting fed.
It made me believe strangers care.
And it started me on a journey from 17 on where I started feeding people, two families, four families.
Then I decided to feed 100 million people a year, 100 million meals a year.
anyway in the United States. I said, I'm going to provide a billion meals in 10 years. I did that
in eight years. I finished that last year. Now I'm doing a hundred billion meal piece. But what I really
learned from that was I had so much pain and suffering. I wanted to understand why my fathers
were always broke or losing their jobs because they were good people. I mean, from my perspective,
it was son all four of them. They're good human beings. And Jim Rohn said to me, said, Tony,
the way I can explain this to you is we're all equal as souls, but we're not equal in the marketplace.
And I said, what does that mean?
And he said, well, think about this, because I was complaining about the fact that a school teacher only made, I think back then it was like $40,000 a year when I was asking the question.
And some hedge fund guy made a billion dollars that year.
It was pretty famous.
And he said, well, let's start with McDonald's.
He said, people complain about McDonald's and minimum wage.
He goes, it's not designed to be a long-term job.
It's an entry job.
And the reason it's so cheap and it's minimum wage is because anyone can learn to do it.
So there's not a lot added value.
In fact, now, as I'm sure fast food is now starting to use robots already, they're going to replace it all because anybody can do it. And the robots certainly can do it. And so now he said, now you look at your teachers. He goes, I'm respectful of teachers, I had some great teachers. He goes, but of all your teachers, I'm sure you had some really good ones. But what percentage were great? I said, I don't know, but I had two or three that were amazing. He goes, two or three. And he goes, and how many people did they influence? I said, well, we had a class of 35 people, right? He said, so they picked a job all.
so where they were not rewarded for performance.
They wanted instead security.
So they have a limited return
because lots of people want security
and most people are not willing to put themselves on the line.
He said, the guy you're talking about the hedge fund
that you're so judgmental of.
He said, even those days, we're getting like a 6% return, right?
It wasn't like the recent years of two and three
on bonds and things like that.
And he said, he got 47% return
for three years in a row.
He said, Tony, those are people's pensions.
That's their future.
That's their children.
and that's, there are college funds, that's everything.
He goes, he's worth it.
So he said, what I want you to get from this is, your job is to become more valuable.
Your job is to find a way to do more for others than anybody else is doing.
And I said, that's actually aligned with my own emotional view of life or spiritual view of
life, which is that's what makes for me business spiritual.
I always tell all the people in my company, this is a spiritual game.
Our job is do more for others than anybody else in the marketplace.
If we do that over and over year after year, eventually you'll build a brand.
And when you build a brand, you will not have to worry about prosperous because people will get on their knees and reach behind to get a Coca-Cola from some other cola because that's the brand they want.
If you're considered the best on earth, you're going to prosper no matter what happens.
And so that idea of constantly adding value he really brought to me.
But he was a mentor.
I had a mentor named John Grinder, who was the co-founder of Neuralinguistic Programming, NLP.
I learned from him how to really make changes in minutes people who think would take months or years.
He was a genius, how to use the language to change the nervous system.
And he was also a former Green Beret and Special Forces guy and worked undercover.
And he had a unique way of using his body to change the way he was thinking and feeling.
And so I learned a lot from him.
I developed my own style of it.
But the principles of that were priceless for me.
So throughout my life, I've had that.
Then I have all the people I've told you about that I start out being the coach.
to, but I quickly start trying to learn from them as well. It's like when I'm doing my financial
books as an example, where I did in my Life Force health book. I interviewed 150 of the greatest
doctors literally in the world. Regenerative doctors, scientists, Nobel laureates, the best of the
best. I don't go to the average guy to get answers. The average guy is a nice person, but they're
not going to give you a breakthrough, right? They're going to tell you what everybody else tells you.
Same thing in finance. I went interviewed 50 of the smartest financial people alive, all self-made
billionaires. Nobody from the Lucky Sperm Club, right? They all earned it from scratch. And they all did
in different ways. My job is find those patterns and then presented in a way where people can really
get it. And I think that's a huge part of what we do is we're able to take complex issues and
deliver them. You brought up Grinder and NLP. Can you go a little bit deeper here? Because I think
some have heard that. They know the acronym, but they don't maybe fully understand what that means.
What's NLP? A program, it's a study of how the neurovis,
system can be affected by language, neurolinguistics, and then programming, how you can kind of
condition the nervous system, basically. And it was a study of some of the great therapists in the world,
some of the best in family therapy. Ericksonian hypnosis was something that they studied.
They looked for the patterns that were able to create changes in minutes instead of months or years
or decades. And Grinder and Bandler are the two co-founders of it. In fact, Richard Bandler is
coming to visit here. He's going to come speak from me at my home to a group of the biggest
donors for us. I'm excited for people to see one of the co-founders. I didn't spend a lot of time
developing with him. I was really good mark with Grinder, but it was just beautiful patterns,
like learning how to eliminate a phobia that somebody could be in therapy for seven years.
I learned how to get rid of it in 15 or 20 minutes, and I built my career in the beginning by
challenging traditional psychiatrists and psychologists, getting on radio shows and saying,
I don't care what your problem is. I don't care if you've had phobia for years.
See me all had it one hour because I'm the one-stop therapist. And then I'd get all these calls,
And then, could you do this? Can you do this? Yes, yes, yes. And then my career really started. I was in Vancouver, British Columbia, Canada. And I was saying this and this psychiatrist made my whole career because he got on the phone and on the radio and challenged me. He said, you're a liar, you're a charlatan. People like you shouldn't be allowed on the radio. And he's really harsh. And so I paused and I was trying to be nice. And I said, sir, I said, have you ever met me before? He goes, no. Have you ever met my clients? No. Because you never met me. You never met my clients. And you're calling me a liar and a Charlotton on a national radio. I said, you're a scientist, aren't you?
of course, I'm a physician. I said, well, a scientist would never make an ass assumption,
so you must be stating your hypothesis. And he paused, and he goes, yeah, and I said,
your hypothesis is I'm a liar and charlatan, but you have no evidence. And I suggest you come and
prove it. I said, the best way is I'm doing a free event at the holiday end, two nights from now,
it's free for everyone to come. I'm going to do a series of demonstrations. I said,
why don't you bring me one of your own patients? I said, bring me somebody who've never been
able to cure. I said, I'm sure you got plenty of those. You want to play hardball? I can play
our ball, right? And he goes, well, we all have patients aren't ready to change yet. And I said,
well, I haven't found any. Of course, I've only done four therapies at that point, but I'm a
believer in it, right? And so sure enough, the guy cuts them off. So see him when I night at the holiday
end. And those days, I'd have a free guest event, might have 50 people in it. And 500 plus people
showed up. We had people standing along the walls. I mean, if the fire department came in,
they'd shut us down in a heartbeat. And those days, they introduced myself. And I don't know,
Ryan, if you do what I do, but if you ever meet somebody on the phone for the first time,
you know, you haven't seen him yet, and you hear their voice, and you make a picture of what they look like.
Sure.
So I'm picturing this guy going, okay, oh, be there.
I'm picturing this huge guy with like a scared woman on his arm.
Nobody matches that criteria.
So I get up to introduce myself and I go, hi, I'm Tony Robbins.
I'm here today to show you I can make changes in minutes.
You thought were months or years.
And just as I'm going on the next sentence, like out of a movie, the side door bursts open.
And this guy's like 5-2, this woman wrapped around his arm goes walking straight down the middle,
stands right in front of me while I'm speaking.
So, you know, I turn the audience and go, it looks like I have a visitor.
And I go to shake his hand.
He wouldn't shake my hand.
He goes, here's the woman.
And I proceeded to take this woman on stage.
And she had a snake phobia.
He had been treating her for seven years.
And a snake phobia is an uncontrolled response to it.
She'd have a dream of a snake biting her in the face.
And the adrenaline would wake her up.
And it would happen sometimes three or four times a night, seven years.
And I said, well, bring her down.
That should take me 10 or 15 minutes, right?
So they got her riled up.
But I brought her on stage.
I showed it how quickly.
you could easily get her fearful.
And when I was done about 20 minutes later,
I wrapped a snake around her and that,
I had my hook.
I found the way to get across.
So then I got people that were addicted to drugs and alcohol.
And I got a woman who had an orgasm in 10 years.
And I got an orgasm without touching her.
And guys were coming up to me going,
you teach me how to do that when I'm tired?
It became very popular.
But those experiences allowed me to accelerate the number of people I could reach
because results became my brand.
Wow.
You have this amazing amount of confidence.
And this is a question I get from newly promoted people from time to time.
Is this sense of imposter syndrome and maybe a lack of confidence that sometimes those go hand in hand?
What are the ways you would advise other people who are lacking some of the confidence that you have to then acquire that and then maintain it and grow it?
Confidence is conditioned.
And confidence without competence is not great.
But if you can least get the confidence that you can find the answer is this.
And I don't even like the word confidence. It's an underused list. The word for me is certainty.
Have you ever seen a great basketball player or a kicker in football and they're going to shoot the three throw or they're going to go kick it?
And right before they do it, you go, they're going to miss it. And sure enough they do. Have you ever had that experience?
Sure, yeah. You're an athlete yourself. You're a quarterback, weren't you?
Yeah, yeah. So you know what I'm talking about. Well, what is it that people see that are amateurs? They see the uncertainty.
Uncertainty kills performance. Now, certainty doesn't guarantee great performance, but it not.
maximizes your possibilities, right?
So for me, I wasn't confident, but I did it the same way.
You see why I just gave you the example earlier.
Why is Steph so confident?
Because he's done it eight million times.
Confidence is tying his shoes.
So when you get up to speak, a lot of people get fearful,
and I can't give them a little tip.
It's fearful because they're thinking about themselves
instead of being in the audience.
If you've done your job and you have enough things to talk about,
I have a idea of what I'm going to talk about,
but then I feel the audience and the whole thing changes.
But it's because I made so many deposits in my emotional, psychological, spiritual bank account
that when I go to cash a verbal check, it doesn't bounce.
There's plenty there.
So there's nothing that I know of that's better than preparation because when you're over-prepared, you have certainty.
I can't handle anything.
And then decades of that certainly builds more certainty.
But I'll tell you where it really started for me.
I remember when I was 17, my fourth father and mom had a big fight on Christmas Eve.
she'd gig my dad out. She was pretty powerful lady. He went back east and left us there. I was devastated. And I started to defend my father. And so my mother chased me out with a knife. Now she wouldn't have stabbed me or killed me, but I wasn't going back in that house. And so I had to figure out what the hell I was going to do. And so I was still in high school. And I was working as a janitor because we're really poor. I needed help support the family. And I took these buses to go there. And I'd come home at two in the morning because you could clean a bank and it wasn't per hour. It's like if I cleaned two banks and did it within the
time period that I wanted to do it and got the job done. It didn't matter how many hours. So I'd
finish that at two in the morning, go home on the buses, get up and do this whole game over and over
again. And one night, I came out of the bank at two in the morning and I'm standing at the bus stop,
15 minutes, 20 minutes, 30 minutes, no buses. And I'm freaking out. I know what I could call can come
pick me up. I'm way too far away. And so all of a sudden a car comes by a lone car in the middle
of the night and the guy pulls over and rolls his window goes, hey bud, didn't you see the paper?
I said what? He goes, there's a bus strike.
So it's like, holy shit, how the hell am I going to get home?
And at that point, I had all that anger in me.
So it started with anger.
But I had picked up this book called The Magic of Believing by Claude M. Bristol, no classic book.
And I read it.
And we talked about how to condition your mind.
And you don't do it by affirmation.
Affirmation is when you go, I'm happy, I'm happy, I'm happy.
I'm happy.
And your brain goes, BS, you're not happy.
It's when you speak something with such authority and use your entire body with such certainty over and over again that literally you hypnotize yourself.
into finding this new reality, this new part of yourself.
So I decided I was going to run home.
This is 14, 14.5 miles.
And I never run three miles.
I was a little overweight.
But it was pure.
First, it was anger towards my mom.
And then I got rid of that because you run out of that fuel real quick.
And then I just like doing the simple incantations.
Every day and every way I'm getting stronger and stronger.
Every day and every way I'm getting stronger.
Every day and every way.
And I emphasize a different word.
Then I go every day I'm happier and happier.
I did that the entire way.
ran the longest ever run of my entire life, but what really came out of it was this conditioning
in me of absolutely nothing will stop me. And to this day, I'll be 64 in a few weeks. That part of me
is so vibrantly alive. Whenever I need it, it's there. So it's a conditioning process. I do the same thing
around economics. I grew up dead poor. I don't want my children to have to go where we got. We got no food.
It's the reason I provide 100 million meals a year. I've done that now for 10 years. So how do I
changed myself, I created these incantations. God's wealth is circulating in my life as well flows to me
with avalanches of abundance. All my needs, desires, and goals are met instantaneously by infinite
intelligence for I'm one with God and God is everything. And with every word, I see it. So I'd say
avalanches of abundance, say avalanches of love and respect and connection and growth and economic
well-being. And I would do that for hours in my car driving my little Volkswagen. And what happens
is your brain literally becomes certain. It's just like any muscle. The more use a muscle,
the stronger it gets. You don't use it. You lose it. And most people, if they've never done
something before, they get stopped by what I call the tyranny of how. But I've never done it. Yeah,
I'm going to do this. Oh, but I've never done it. Oh, they don't have certainty.
What I've learned is I don't even know how. I need to know what and why. If I know what I want
and why I want it and why it's important enough and it's something more than just me,
then I just step into it and I'll find it. And I've done it enough times now that I have that kind of
internal certainty, but it's a habit, just like the habit of shooting the ball. You've got to do it
before it's needed, not suddenly try to get that confidence when everything is on the line.
One of the things that I love that's been a through point of this entire conversation, Tony,
is that when you want to learn about something, you don't screw around, you go to the best
of the best in the world. And so the third book in this trilogy, when it comes to money and finance,
I'm curious to learn more about the holy grail of investing. Well, actually, I hadn't read
in a book in 20 years back when 2008 happened. I just don't like writing books because when I'm
speaking, it's live. It's now you can change it. And it's like sitting by yourself and writing books
not. And most people don't read, unfortunately. But when 2008 happened and we went to the world
financial crisis and my billionaire friends were stressed out and my barber was. It didn't matter
who you were. Everybody was affected by then because the government did give you money like they did
during this last round we had with COVID. So at that time, I finally, after two years with nothing
happened. We punish the people that almost destroyed the financial system by giving them more of our
money. My answer was, let me go interview 50 of the smartest financial people on Earth and say,
is the game still winnable? Because it looks rigged. And it is in some ways. But it's still totally
winnable if you know what you're doing. And I figured I can go from the best to the best. Well,
that grew. And then a few years later, I realized I've given people all these answers. It was a
700 page, 650 page book. My billionaire friends loved it. It was number one New York Times bestseller.
it's still the best-selling financial book of this century, the last 20, 24 years. But what's
interesting is I knew when all that changes, people forget all that when the market starts melting.
And a bare market happens usually about every five years. We've had an extended time without one for a while.
And so I decided I'd write unshakable to protect people for that so they wouldn't make the
stupid mistakes that most people make that ruin their financial future. And I was done. But then it kept
bumping into people that the majority of which are not where they want to be financially. Their
goals are not on target. And now inflation is really enrolling that even more for people. And so
when I was talking to Ray Dow, he became a good friend over the years of the last decade or so.
And I was asking one time, instead of all the principles we've talked about, if there was a single
principle that would be the most important investment principle of someone to know if they're going
to succeed, what is it? And so, Tony, I've struggled with this for over a decade. And so I want
to tell you what I think is the holy grail of investing. So that's the title of the book,
comes right from him. And I said, what is it? He goes, well, everybody wants bigger returns,
but rigor returns usually require more risk and more risk can keep you from getting the returns.
It's just this bad cycle. He said, but, you know, everyone knows the power of diversification.
Diversification is the only free lunch. Markowitz won the Nobel Prize for it. He goes,
but very few people understand how to apply it. And he said, I'll tell you what I have found out.
If you can find eight, this is the principle, if you can find eight to 12 uncorrelated investments that you believe in,
you reduce your risk by 80% and get the same upside or better.
There's nothing like it.
And so I remember when he told it to me, I got excited, wrote it down,
and then I started to go work on it,
and you find it's not easy to get things that are not correlated.
The obvious ones you'd say aren't correlator are stocks and bonds, right?
Stocks are designed, they're going to go up.
Bonds are going to be safety when they go down.
But of course, in 2022, they both went down.
2008, they both went down.
And if we had more time, I can show you it's happened over and over again.
So that's not a good solid strategy because that's not going to protect you during downtime.
So how do you find eight to 12 uncorrelated investments?
We have to turn to private investments, private alternative investments.
I'm talking about private equity, private credit, private real estate.
And so I thought, the one gift I have in my life at this stage is access.
What if I interviewed 13 of like a baker's dozen of the greatest institutional or greatest, I should say,
private equity investors in the world and found out what they do. And I was blown away.
As blown as I way was by the first 50 people I interviewed, the Ray Dyes, the Carlinckons, Warren Buffets,
et cetera, I have to say I respect all those people immensely. I have a greater affinity for these
men and women because they have firms that are 20 to $100 billion funds and they're consistently
producing 20% compounded for decades. Some of them 30% compounded for decades. And the average
investor can't even think of those. I wouldn't even believe it. But of course, for decades,
if you're a big pension fund, right? If you're a big financial institution, if you're the
ultra-wealthy, you've got access to these things. And so first, I just wanted to figure how to get my
own 8 to 12. And I remember one day I was at JP Morgan holds an alternative investments conference once
a year, and you have to have a billion dollar net worth as a minimum to get in. And I was speaking.
I wasn't a billionaire yet, so I'm speaking. But right before me was Ray Dalio and somebody asked them
the same question. And he gave the same answer, eight to
12 and these billionaires, everything had not written a note all morning. And every head went down and
wrote it like crazy. It's so simple. But then how do you find it? Well, when you go interview these
guys, you discover that they have built machines. They're not trying to find Alpha by finding
the right timing and just the right price. They create Alpha and they do it by adding more value.
They buy a company. And let's take an example like Robert Smith of Vista. Robert Smith is named
One of the top 50 most brilliant financial minds of this century.
He's a genius.
$100 billion fund.
I can't tell you what his compounding is because you have to have a prospectus.
But all I can tell you is it's way above 20% per year for 26 straight years, way above it.
And how does he do it?
Well, he's specialized.
Software as a service is his specialty.
He can take any company like that.
And he knows so much about it over these 26 years, 30 years.
he knows what to do with the CEO, what to do with the marketing, what to do with some of the
costs. And so he takes that thing, builds it up like a machine, and then sells it to a larger
company or takes it public for a giant multiple in either case. And that's how they're able to do this.
There's a gentleman named Ramsey Masolum at Veritas. Oh my God, this guy's a genius. In 2000,
I think it was 10 or 11, his partner committed suicide. And the agreement is when the key player leaves,
the people could take their money out. Usually in private equity, your money's tied up for five years.
And they do that because then when the market goes down, they don't have to sell. They can buy
then. And when the market goes up, they can sell. They have a great advantage over the public markets.
And so people are willing to tie up their money a little bit and have liquidity somewhere else and
have those kinds of returns. You look at what he did. He went around and met every investor,
so no one left their money out. And he grew from a less than $2 billion to $45 billion in the last 10 years.
Again, returns way above 20%. And how did he do it? He specialized.
the government buys more technology than anybody else.
And so most people don't want to deal with the government.
It's such a pain in the rear.
And he figured out how to master that.
And now he's able to produce the returns again and again and again.
But here's what's really exciting to give you a sense, Ryan.
The reason I wrote the book is two things happen.
One is more people can participate now.
I'm sure you know the government actually classifies whether you can access these or not.
The best investments in the world are limited to the wealthiest people.
How insane is that? And I've argued about this forever. And just a few months ago, the House and
Congress agreed. And they came up with a new law. And it was bipartisan. It's pretty amazing.
In fact, I think only 50 votes against it, like 380 plus votes. And it was to say this,
you could have inherited your money. That doesn't mean you're a sophisticated investor or
you might be a good business person, but that doesn't make a great investor. Why should someone
have to have that amount of money? A million dollars minimum if you're going to be a credit investor or
not counting your house, or 200,000 income or 300,000 for a couple is the standard right now.
And they said, we think you should be able to take a test so you understand what you're getting
into. And if you pass the test, you should be an accredited investor. So they passed that law.
Senate has now picked it up in the next 90 days they think that'll pass bipartisan as well.
That'll change the game. But it used to be only 1% of the people were credited. Now it's one
out of five families that are credit investors. So I was like, okay, I want to do this.
But then there's one other problem, right? And I'm sure you may have experienced this as well.
you know a lot of people. I know a lot of people. The very best investors in the world,
their funds are closed out in a heartbeat. It's like if you want to buy one of the new special
purpose Ferraris, you know, the SP2, it's $4 million and you can't even buy one because
they're all pre-sold to all the other Ferrari dealers. Well, it's the same way when you look at these
people. These are the best of the best. Now, before I explain something, you only show you
one of the thing. If you want to know how valuable private equity investments are and where they
should be in your asset allocation, the wealthiest people on average have 46% of their money in
alternative investments, private equity, private credit, et cetera. And they only have 29% in the public
markets. Still need the public markets for liquidity, but that's a big difference. That's why they're
as profitable as they are. Why? Because they know something you probably don't know, not you, but people
don't know. And that is this. If you look at the S&P 500, you bought the index, which is common for people
to do today. Great way to simplify your investing and does pretty well. In fact, for 35 years,
it's average 9.2% compounded. So for readers that aren't used to this, think of that as doubling
your money every eight years. That's pretty cool. However, if you weren't dealing with the guys I'm
dealing with in this book, if instead you're dealing with average private equity, average private equity
has been 14.2%. Imagine you're making 50% more money per year compounded. Compounding is where you get
wealthy. So let me give you a number for that. If you had a million dollars and put it in the
stock market and you forgot about it, 35 years later, it's worth 26 million. A million in the
same time period in private equities worth 139 million. Or you could say $100,000, right? You're now
worth $2.6 or $100,000 you're worth $13.9 million. It's mind-boggling. And in the last 35 years,
every stock market in the world has underperformed average private equity.
So now let's talk about access for a second.
So I got some access.
He probably got some access,
but it's a little sliver, right?
Because it all gets eaten up.
And he only got access if you know the right people and you got enough money.
So one day I was lamenting about this to a friend of mine who used to be a partner with Paul
Tudor Jones and formed his own firm, very successful financial guy.
I was like, I got access.
I shouldn't complain.
But the numbers are so small.
it's like it's not where I want to be.
And he said, Tony, you've done so much for me.
I'm going to clue you in on where I put most of my money.
This guy's incredibly successful.
So I'm leaning forward on this one, right?
Tell me, right?
He said there's this firm in Houston, Texas called Cass.
And when he said, Houston, Texas, my brain got scrambled.
I'm like, not New York, not Connecticut, not London, not Singapore.
Houston?
He goes, Tony, they're outside the bubble.
And here's what they've done.
Instead of fighting to try and get some sliver of one of these funds,
he said they've taken billions of dollars, they've bought locked arms as investors, and bought
in giant pieces, small pieces, but giant numbers across the biggest private equity firms
in the world.
Here's what that means.
When you invest in private equity as an investor, you're called a limited partner.
The general partner is the owners of the fund.
That's the CEO, the C-suite, those individuals.
Well, they charge you 2% a year while your money is tied up for five or 10 years, depending
what kind of situation you're in. So they're guaranteed a huge sum of money, whether they perform
or not. If they had a billion dollar fund to give you perspective, Ryan, for five years,
that means they have $100 million tied up. And most of these funds are $20 billion to $100 billion.
So I'd like to have guaranteed $100 million as your base of income, guaranteed. But then they get
20% of the upside. So it's not uncommon to grow their business from a billion to $2 billion.
I have one company that we invested in. I think we started out at something like $6.2.2.000.
and I think the numbers now are 35.
So you get a sense of the massive expansion that you get with that.
So they make their two and 20.
Well, when you're a partner, you get the two and 20.
You're literally side by side with them.
You're not being charged that.
You're getting it.
And you get many vintages, meaning not one fund.
You get every fund they own.
The funds they did in the past under low inflation.
The funds are doing now under high inflation.
The future funds are going to do.
So you get diversification across time.
And if the fund ever gets sold, by the way, when they go from one to two, their cost doesn't go through the roof.
It's a small cost change, right?
And when they ever get sold, they get sold for a multiple, you make them multiple on the business.
It is my single favorite investment.
I have 65 private equity firms that I have a piece of, the vistas, the veritas, the Starwoods, the N-Caps, the biggest ones in the world.
So this is the kind of thing that's available now.
And that's why I wrote this book to show people how they could actually do it, how an average person could do this.
now. Wow. So the regular person, anybody can do this now. That's correct. Got it. Love it. Man,
I know we got to run, Tony, but I got one more before we take off in addition to encouraging everybody
to dive into the new book, The Holy Grail of Investing. You're meeting with somebody who's a little bit
later than you were when you met Jim Rome. Maybe they went to college, they graduate. They want to do
some good in the world, but they're not really fully clear on what that's going to be. What are some
general pieces of life slash career advice you give to that person? I tell people there's no
comparison or a belief versus an experience. A belief supports substitute for an experience.
You might believe this is going to be something I'm going to love or I'm going to be great at
something, but you need the experience. And so what I tell people is get around things that you
think you're interested in, that you think you'd have a passion around, and find a way to shadow
box, volunteer your time, do some menial job just to be in the environment. So you see what
that's like day in and day out. And then something's going to hit you. When something hits
you and it unleashes your desire, that's the first step. But you need not only,
passion and desire, you also need skill. So I'm very passionate about singing, but you wouldn't
want to listen to me. I love singing. I love music. So you have to make sure that along with
your passion, there's a skill you can gain to make yourself effective in that area. But the only
you're going to know is by putting yourself in different environments and experiencing it. You can't
just do it in your head because we're terrible at predicting what's really going to fulfill us. But I'd also
say, you don't even have to know what your final version is to already have a business on the side that
has no employees and you only have to work on a few hours a year, and that's becoming an owner.
The biggest problem in our society today is young people, they like socialism. A lot of them talk
about it because they've never been in a socialist country. I was in the Soviet Union when it was
the Soviet Union. It made me a capitalist. It wasn't equal. It is not fair. They have no idea
what that really is. It's not just free money. And the reason is we haven't taught them to tap in a free
enterprise. I'll give you a simple example. Do you have an iPhone? Yes. Have you bought several over the
years? Yes. Me too. I've had every iPhone since the beginning. I was trying to help this young
person understand this. So I went online and I figured out the exact prices of every iPhone. We totaled
up. It's 20,000, 326 bucks, I think it is. It's over 20 grand, 20,000, 653. Then I went and said,
let's see if we bought that same iPhone. The first one in 2007 was $604. Well, let's buy
$604 a stock at the same time of Apple. And every year, whatever they spent on the phone,
we bought those shares of Apple, whatever the price was.
You know what's worth today?
$204,000.
Instead of being out 20 grand, you have $204.
That's being an owner instead of being the stupid consumer.
By the way, today you can have fun with this.
If you're worried about the stock market, part of why I wrote this book is because
there's all these other options that aren't tied to the market.
Market can crash and sports teams go crazy.
Sports teams have produced, check this out, an 18% compounded return for the last
11 years, but you can go back all the way to the 60s and 70s when people weren't making any
money in the market, and you were getting 16% compounded returns. It's mind-boggling. One of my dear
friends, Peter Goober, we own some sports teams together, and he owns the Dodgers, the Warriors.
We own together the L-A-FC. I have a little piece of the Dodgers, a little piece of the Warriors.
And what's amazing is, I remember when he bought the Dodgers, it was $2 billion he paid for them.
And if you look at the newspapers at that time or watch the media, they all went crazy.
No one's paid more than $800 million for a baseball team. The Dodgers are
our great team, maybe they're worth a billion, but not two billion. This guy's crazy. He'll never
make the money. So I went to Pete and I go, Peter, I know you're no dummy. I want to join you in
this, but how are you going to make money spending two billion on this? He said, Tony, he goes,
I've made 52 Academy Award nominate films. He goes, I like cliffhangers. I'll announce on
Tuesday, when you hear it, call me up and we'll go party together. So sure enough, I hear on Tuesday,
I call him, he sold the local TV rights for the Dodgers in one day for $7 billion and made $5 billion
net in the deck. Because of cord cutting, sports now
have become a different thing. They're not just butts and seats.
They have a monopoly. Your fans are fanatics and they're
multi-generational. They own the real estate.
And now media is everything. Of the top 100 shows this last year,
92 of the top viewed shows in the United States were sports.
Because you can't binge on them and you've got to watch it real time.
You've got to watch the commercials. And that's what makes them so
valuable today. And people can own a piece of a sports team.
And I had to go decades of making enough money, get enough reputation to be part of buying a sports team.
Today, there's a couple companies, smaller ones that know how to do this and have their relationships in every sport, NBA, Major League Baseball,
matchel hockey league, and Major League soccer.
The only one's not done it yet is the NFL may announce two days ago in the New York Times that in six weeks they're going to make a decision.
It looks likely they're going to probably join this as well so that now people can have the fun of being an owner,
but also the returns that are much greater than the stock market.
and it's not tied to the market.
So if you're worried about that, you need diversification,
just another great opportunity.
So while you're looking for your ultimate purpose,
why not set a financial security along the way?
Even if you're starting with tiny amounts of money,
you can create financial freedom along the way
while you're having what you find to be your ultimate dream.
Love it, man.
Tony, thank you so much to the book.
Again, it's called The Holy Grail of Investing.
Really appreciate your time.
Tony, I'd love to continue our dialogue as we both progress, man.
I look forward to them.
By the way, I want everybody to know if you get the book for yourself,
I'm donating as I've done from my last three books, 100% of the money to Feeding America.
We've provided over a billion meals in the last eight years in this book and my additional donations.
But while you're helping yourself, you'll be helping somebody else in need to.
Love it, man.
Thanks so much, Tony.
Appreciate it.
Take care.
It is the end of the podcast club.
Thank you for being a member of the end of the podcast club.
If you are, send me a note, Ryan at learning leader.com.
Let me know what you learned from this conversation with the great Tony Robbins.
A few takeaways from my notes.
The advice Tony received when he was 17 from Jim Rohn.
He said, your job is to become more valuable.
We are all equal as souls, but not equal in the marketplace.
Our job as leaders is to continually add more value to those we are serving, to those we are leading.
We should always be thinking about how can I add more value.
Next, commonalities among leaders who sustain excellence.
They find something they care about more than themselves.
They have a deep hunger for it, and they work amazingly hard at it.
You are rewarded in public for what you practice in private.
Steph Curry has taken far, far more practice shots than the ones in games,
and he's rewarded in public for what he does in private.
And then a belief is a poor substitute for an experience.
You might believe it's something you're going to love,
but you don't fully know it until you do it.
And so you've got to get in the arena and do it, see what it's like.
That's when you'll really learn.
I'm once going to say,
thank you so much for continuing to spread the message
and telling a friend or two.
Hey, you should listen to this episode of The Learning Leader Show with Tony Robbins.
I think he'll help you become a more effective leader.
because you continue to do that and you continue to go to Spotify or Apple Podcast
and you subscribe and you write a review and rate the show,
hopefully five stars.
By doing that, you are continually giving me the opportunity to do what I love on a daily basis.
And for that, I will forever be grateful.
Thank you so, so much.
Talk to you soon.
Can't wait.
