Tag: robbins

Here’s what Warren Buffett said when Tony Robbins asked him how he got so rich

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Everyone has to start somewhere, even the wealthiest, most successful people.

Billionaire Warren Buffett hasn’t always been as incredibly rich as he is today. In fact, 99% of his wealth was earned after his 50th birthday.

The investing legend has been slowly building his fortune over the years, and today, the 85-year-old billionaire is one of the richest men in the world, with an estimated net worth of over $60 billion.

How did he come to earn such a mind-blowing amount of money?

Tony Robbins, motivational speaker and author of “Money: Master the Game,” decided to ask him.

“I asked Warren Buffett — I said, ‘What made you the wealthiest man in the world?'” he tells entrepreneur and business coach Lewis Howes in an episode of his podcast, “The School of Greatness.”

“And he smiled at me and said, ‘Three things: Living in America for the great opportunities, having good genes so I lived a long time, and compound interest.‘”

Buffett has always been an advocate of keeping things simple and focusing on the long term — that’s why he recommends low-cost index funds.

One of the keys to Buffett’s wealth is simply time: 60-plus years of smart investing has allowed him to reap the benefits of compound interest.

Compound interest is when the interest earned on your investments earns interest itself. It’s what causes wealth to rapidly snowball, and in Buffett’s case, snowball to billions of dollars.

SEE ALSO: Tony Robbins shares the one thing you should teach your kids about money

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Tony Robbins shares the most important thing he’s learned from coaching billionaires

tony robbins

Tony Robbins has coached some of the wealthiest people in the world, working with clients ranging from tennis legend Andre Agassi to President Bill Clinton.

Along the way, he’s mastered his own money — the premiere performance coach and author of “MONEY: Master The Game” went from a cash-strapped upbringing to an estimated net worth of $440 million.

In a recent episode of Lewis Howes’ podcast, “The School of Greatness,” Robbins shared a fundamental lesson he’s learned from coaching the wealthiest of the wealthy: “Who you spend time with is who you become,” he told Howes.

There’s a reason the wealthiest, most successful people tend to hang out with other wealthy, successful people.

As T. Harv Eker explains in his book, “Secrets of the Millionaire Mind,” “Successful people look at other successful people as a means to motivate themselves. They see other successful people as models to learn from. They say to themselves, ‘If they can do it, I can do it.'”

Associating with ambitious and driven individuals is also the key to staying hungry, even in the face of success, Robbins told Howes: “When I started coaching all these billionaires, there was a part of me that said, ‘I’m as smart in certain areas as they are. I’ve got to step my game up … Get around where it’s better and things will hit you.”

After interviewing more than 1,200 of the world’s wealthiest people and becoming a self-made millionaire himself, author Steve Siebold came to a similar conclusion as Robbins: “Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income … The reality is, millionaires think differently from the middle class about money, and there’s much to be gained by being in their presence.”

While often overlooked — or dismissed as elitist — your friendships could have a major impact on your financial success, and befriending wealthy people could even help you get rich. That’s not to say you should ditch your average-income friends or screen new acquaintances by net worth, but you might want to take into consideration what you can learn from the friends you have and the friends you make.

As Siebold explains, “In most cases, your net worth mirrors the level of your closest friends … We become like the people we associate with, and that’s why winners are attracted to winners.”

SEE ALSO: Here’s what Warren Buffett said when Tony Robbins asked him how he got so rich

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8 books Tony Robbins thinks everyone should read

Over the past 30 years, millions of people around the world have seen a Tony Robbins presentation, listened to one of his audio programs, or read one of his books.
In his career as a performance coach, Robbins has worked with a…

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