Self-help guru and life coach Tony Robbins has worked with former President Bill Clinton, Oprah Winfrey and Hugh Jackman.
For 21 years, he counseled one of the top financial traders in the world, Paul Tudor Jones.
After the financial crisis of 2008, Robbins says he got angry that nothing was being done to help people who had lost their life savings. He knew he could be part of the solution following years of working with the brightest minds.
“If I could interview the 50 smartest people on earth, figure out their strategy, then I can help anyone turn their money around,” said Robbins.
So he wrote the book, Money Master The Game: 7 Simple Steps to Financial Freedom.
“What you don’t know will hurt you. One out of three Americans have $1,000 in retirement. They have no idea what it costs to manage their 401K. Ninety-six percent of mutual funds don’t match the market. According to Forbes, the average fee is 3.17 percent. You are giving away 20 percent of your life savings,” said Robbins.
The solution: eliminate most mutual funds from your 401K.
Another big tip: create and “all weather fund” by putting aside a small amount of money that continually grows.
Learn more form Robbins in his new book. He’ll be signing copies on Wednesday, Nov. 19, 2014, at Bookends in Ridgewood, New Jersey at 7 p.m.