“The Path to Freedom” (original title: “The Path”) was written by Peter Mallouk – America’s No. 1 financial consultant along with Anthony Robbins – a growth master. Self-development that many Vietnamese readers are very familiar with.
What is financial freedom? Why is it the dream goal of all of us? Many people immediately think of the state of complete financial independence and being able to retire early – when the amount of money accumulated and invested is profitable enough to pay for daily life. However, in this book The authors help you understand that having more choices in life – what to do, where to spend time with – without being too constrained by money is financial freedom.
“The Road to Freedom” helps readers realize that this goal is not an out-of-reach dream, nor is it complicated or sublime Similar to cooking a dish, growing plants or taking care of your health, you just need to get acquainted and understand the “rules of the game”. Mallouk and Robbins have thoroughly analyzed the concept of financial freedom and simplified it into a process with many small steps so that anyone can achieve this goal if they are truly determined.
< figure class="image align-center" contenteditable="false"> “The Road to Freedom” – a book that helps you achieve harmony between money and a sense of well-being and happiness< /p>
5 steps to achieving financial independence
According to the authors, there are 5 small steps on the path to financial freedom: Prepare a net worth statement; Develop financial plans; Test run the projections; Monitor and adjust and Create an investment portfolio.
In the first step – Creating a net worth statement, you need to understand your starting point: Which assets are bringing you money? Which assets are losing money (liabilities) as well as debts.
Next you need a plan. An effective financial plan not only includes monthly spending and savings figures to reach the desired amount of money by a specific age (taking into account inflation), but also calculates how to protect yourself against unexpected events. Unexpected risks (accidents, illnesses, etc.). From this plan you will forecast the numbers you hold at each time. And this financial plan needs to be monitored and adjusted according to each change in life.
With the final step – Make a portfolio The authors provide very detailed instructions on stock investing to help readers understand how to operate and eliminate all misconceptions about the stock market, from which they can participate in the market while still being “peaceful”. sleep every night” despite fluctuations.
Other “asset classes” such as real estate gold bonds to criteria for evaluating options Financial advisors are also mentioned in detail in the book. From here you will know how to create a suitable investment portfolio for yourself as well as answer the questions: Which bank should I deposit my savings in? Is it better to buy a house or rent a house? What percentage of assets are in gold, bonds, and stocks? What forms of investment should you be careful with?…
Through the 14 chapters of “Road to Freedom” strategies, tools and vocabulary Finance (taxes, bonds, insurance, stocks, bitcoin, investment funds, etc.) is explained through simple words and examples, not in a complicated academic style. Readers will also find many close-to-life stories about planning for retirement and buying home insurance…
Enjoy life on the road The road to conquering financial freedom
In the book Peter and Anthony also especially emphasize the role of another important “tool” : your mind. If you want sustainable wealth, you must train your mind. Fear, greed, emotional impatience, negativity, impulsive spending habits… you have to control all of them well if you don’t want to make stupid money decisions.
In addition, we also need discipline and patience. Compound interest, the eighth wonder of the world, as Albert Einstein said, only works in the long term. Sustainable profits of the stock market also come only after decades… “Remember, diamonds are just solid pieces of graphite.” persist with their work” the authors quote B. C. Forbes, founder of Forbes magazine.
After providing important insights Peter and Anthony Don’t forget to remind readers about a core element: Joy throughout the journey. As Anthony Robbins says: “You can apply all the tools and strategies in this book to end up where you want to be and still feel empty – unless you master something I call the art of -the art of living a fulfilling life.
Should buy an expensive cup of coffee Is it delicious or is it economical? Busy working or spending that time with family? Are your 20s about making money or pursuing your passion?… There are too many people out there who put money on one side versus joy, enjoyment and love on the other and they think that I can only choose one of the two.
But as the definition given from the beginning, financial freedom is not only about having money but also about feeling. a sense of peaceful contentment. Therefore, all the instructions in “The Road to Freedom” help you achieve harmony between money and a feeling of prosperity and happiness. You will find in this book success stories of real people and many important lessons not only in the field of finance but also in life in general.
Peter and Anthony wrote this book in 2020 when every economy was going down because of the pandemic and the situation in our pockets during this period was not good. But this book will convince you that everyone’s financial future is extremely bright once you have mastered the rules of the market.
And More than ever the best time in history to start your journey to financial freedom is right now.
“You want a breakthrough guide in The field of money management is a straightforward and factual guide that can still make you chuckle because it’s so witty. Let Peter Mallouk take you on a tour of the financial world. I guarantee you’ll change your ways look at the money” Jonathan Clements, former reporter for the Wall Street Journal.
Peter Mallouk is the President of Creative Planning, the number 1 independent financial consulting firm in the US voted by Barron’s financial magazine. Peter himself was also voted the number 1 independent financial consultant in the US for 3 consecutive years (2013, 2014 and 2015). In 2018, he was ranked among the 100 most powerful people in the global financial world.
Anthony Robbins is the author of many best-selling books on the Internet. Worldwide famous businessman, experienced financial consultant and life skills training expert. Not only that, he provided strategic advice Kinh business and personal development for many famous people, powerful businessmen, politicians, athletes and even heads of state.
According to First News
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