Turn Off the TV to Attain Financial Freedom

Tony Robbins is a bestselling author, entrepreneur, and philanthropist. For more than thirty-seven years, millions of people have enjoyed the warmth, humor, and dynamic presentation of Mr. Robbins’s corporate and personal development events. He is the nation’s #1 life and business strategist. He’s called upon to consult and coach with some of the world’s finest athletes, entertainers, Fortune 500 CEOs, and even presidents of nations.

traditional IRA, Roth IRA, retirement planning, Jane Bryant Quinn, How to Make Your Money LastWatching financial shows on television can be addictive. The continuous flashing lights, noise, and inevitable doomsday predictions will raise adrenalin levels in any human being. But do hyped-up worries over market corrections really help your bottom line? Read more in Unshakeable: Your Financial Freedom Playbook.

Have you ever listened to the pundits on CNBC or MSNBC talking about the stock market? Isn’t it amazing how dramatic they can make it sound? They love talking about volatility and turmoil because fear draws you into their programming. They’re constantly analyzing minicrises that prognosticators predict could trigger market mayhem. The crisis in question might be unrest in the Middle East, slumping oil prices, the downgrading of US debt, a “fiscal cliff,” a budget standoff, Brexit, a China slowdown, or whatever else they can milk for excitement. And by the way, if you don’t understand these things, don’t worry: most of these experts don’t either!

I don’t blame them for peddling drama. It’s their job. But between you and me, none of this is really that exciting. A lot of it is just hyped up to stop you from reaching for your remote control. The trouble is, all this babble, all this drama, all this emotion can make it hard for us to think clearly. When we hear these “experts” speaking in grave voices about the possibility of a correction or a crash or a crisis, it’s easy to become anxious because it sounds like the sky is about to fall. It might make for good TV, but the last thing you and I want is to make fear-based financial decisions. So we have to remove as much emotion as possible from this game.

Unshakable: Your Financial Freedom Playbook

Unshakable: Your Financial Freedom Playbook

by Tony Robbins

  • Get Unshakable: Your Financial Freedom Playbook
  • Get Unshakable: Your Financial Freedom Playbook
  • Get Unshakable: Your Financial Freedom Playbook

Instead of getting distracted by all this noise, it helps to focus on a few key facts that truly matter. For example, on average, there’s been a market correction every year since 1900. When I first heard this, I was floored. Just think about it: if you’re 50 years old today and have a life expectancy of 85, you can expect to live through another 35 corrections. To put it another way, you’ll experience the same number of corrections as birthdays!

Why does this matter? Because it shows you that corrections are just a routine part of the game. Instead of living in fear of them, you and I have to accept them as regular occurrences—like spring, summer, fall, and winter. And you know what else? Historically, the average correction has lasted only 54 days—less than two months! In other words, most corrections are over almost before you know it. Not that scary, right?

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