Blog — Sisters for Financial Independence (2024)

“If you’ve got a billion dollars and you’re not grateful, you’re poor as hell.” - Tony Robbins

So it’s been a few days now since I left the Unleash the Power Within (UPW) seminar with Tony Robbins and I am still reeling. I’m a fan of Tony Robbins and found a lot of amazing insight from his book Money: Master the Game and from watching the Netflix documentary, I Am Not Your Guru, but nothing really prepared me to experience Tony Robbins live.

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If you are not familiar, Tony Robbins is a personal development coach. He is touted as one of the top performance coaches in the world and has worked with the likes of Oprah, Serena Williams, Hugh Jackman and so many more. A few friends have gone to Unleash the Power Within and they’ve raved about the experience. Unleash the Power Within is his flagship seminar. It is 4 days and depending on what tier ticket you get, it can cost you around $800 and above for a ticket. A bit expensive, but worth it.


My husband and I both went. To be honest, I had to convince my husband and I am so glad we experienced it together. I believe it was life changing, but of course, only time will tell what kind of changes we go through in the next few months post UPW. I knew that the days at UPW were going to be long, but I honestly did not know how emotionally, mentally and physically draining it can get, but all for the good of getting you amazing clarity in the end.

I know people are going to say personal development is all a bunch of hooey, but I completely disagree. I think we have to face the fact that many of our old beliefs and mindsets have influenced who we are today and for many of us, it is limiting our true nature. As Mark Manson says in his book The Subtle Art of Not Giving a f*ck, “Personal development is finding better things to give a f*ck about.”

One thing I learned early on was to start a personal education savings account for me to be used to further my skills or work on passions without feeling guilty about it. Think about how many of us have spent thousands of dollars getting a degree and aren’t even using it. As we age, we all need to learn new skills, be exposed to new ideas and creating space and having money to do that makes it easier to pursue new avenues of learning.

UPW Days


I’ll share Day 1 and Day 3 as they were the most powerful days for me. Day 2 and Day 4 give you more practice into understanding your musts and how to take massive action. They introduced a few speakers during Day 2 and Day 4 and found all of them to be informative. The Business Mastery was eye opening even though they were just a one hour intro. [Update February 2020: My husband and I just came back from Business Mastery and it was amazing! I’ll have a full write-up of that shortly. The future of this site is now evolving based on what I learned from that workshop immersion. It was amazing to be surrounded by people who not only want to create value and get paid for it, but also want to leave a big impact on the world for the better. Stay tuned.]


Day 1 - The Firewalk

Day 1 is your first real-life introduction to Tony Robbins. He is a man with energy. At 58, he can speak for more than 12 hours, jump up and down on stage and still remain on point. Day 1 is also when you do the Firewalk, which is a symbolic walk over hot, burning coals to let go of fear and get into your state. We started Day 1 at 12pm and didn’t end until 1am. The Firewalk didn’t happen until 10pm. I think being present at Tony’s live events is one of the things that many of us need to experience. It’s one thing to watch Tony Robbins on YouTube or read his books, but damn, being present with 12,000 people exerting so much energy and power will shake you to your core.

The first half of Day 1 is all about Gratitude and there was so much love in that room when we did this exercise. One thing you will also notice at the event is lots of hugging, high fives and looking at people in the eye. A strange act no doubt since we are mostly on our phones most of the time.

I will share with you my moment on this day. We are lining up for the Firewalk. In front of us are a few thousand people and the back of us are another set of a few thousand people. We all walk down to the outside of the venue, chanting “YES!” I’m getting myself into State (which Tony will explain and guide you through) and I finally step up to the line. Mind you, were are also in Newark, NJ, which isn’t really the most accommodating city, but the energy that night was electrifying. Before you first step foot on to the coals, there’s a crew that continues to hype you up and there’s someone that has been designated to give the go ahead once he thinks you are ready. So imagine for a moment, 12,000 people chanting “YES! YES! YES! …” in the back of you. In front, screams of celebration, high gives and laughter in front of you as you continue down the line. Before it’s my turn, one of the hype crew says to me “He will know when you are ready.” And then, it’s me right in front of the coals. I do my thing to get into state, screaming “YES! YES! YES! ” but in the back of my mind, my mind is screaming “How does he know when I am ready, how does he know?!” Then he says GO and I step into those coals like nothing and complete the Firewalk. The Firewalk is short, but my mind wasn’t even thinking about heat or pain, just feeling of determination and victory. It was a surreal experience. The lesson there is that even though you think you are not ready for a lot of things because your mind plays tricks on you and self-doubt creeps in, you can overcome it.

On that day, I became a literal FIREWALKER.

Day 3 - Release of Limiting Beliefs

Whoa! Another day of raw emotion. Tony Robbins is skilled at really getting you to face your truths. I wish I could also say it was just me, but there were 12,000 people there that felt the pain of their own limiting beliefs and the release was cathartic overall. This day was a bit overwhelming for me, tough to face some of the beliefs that you’ve centered your whole life on, but again very powerful in the end.

Interestingly, we shared our beliefs with our neighbors and some of the themes I recognized were about money, about not having the experience, about being too young or too old to make a massive change, about not being loved and so on. I saw a lot of parallels with the journey to Financial Independence. How many of us had to actually let go of old mindsets that told us we can’t reach FI or change our mindsets of why we deserve money, security and financial freedom.

In the FI community, we always bring up changing our money mindset and that requires delving into the past and drawing out situations that many of us may have buried about why our relationship with money is the way it is. It’s about removing the blame and shame and really moving forward. It’s such an eye opening exercise that you feel relief when you finally let go of those limiting beliefs.

We included a money mindset section The Money Journal because we found this to be a common theme in our own lives. If you pick it up, let us know which particular exercise spark something for you. Grab a copy of The Money Journal. It’s part book, part workbook, part journal to explore your money thoughts and convert them into action.

Blog — Sisters for Financial Independence (2024)

FAQs

What are the 7 steps to financial freedom? ›

You can too!
  • Save $1,000 for Your Starter Emergency Fund.
  • Pay Off All Debt (Except the House) Using the Debt Snowball.
  • Save 3–6 Months of Expenses in a Fully Funded Emergency Fund.
  • Invest 15% of Your Household Income in Retirement.
  • Save for Your Children's College Fund.
  • Pay Off Your Home Early.
  • Build Wealth and Give.

What are 10 steps to financial freedom? ›

10 Steps to Financial Success
  • Establish goals. What do you want to do with your money? ...
  • Evaluate your current financial situation. ...
  • Create a spending and savings plan. ...
  • Establish an emergency savings fund. ...
  • Seek advice and do research. ...
  • Make sure you're covered. ...
  • Establish a good credit history. ...
  • Delete your debt.

How much money do you need to be financially independent? ›

Americans say they'd need to earn about $94,000 a year on average to feel financially independent. That's about $20,000 more than the median household income of $74,580.

How to reach financial freedom 12 habits to get you there? ›

That is the ultimate goal of a long-term financial plan.
  1. Set Life Goals.
  2. Make a Monthly Budget.
  3. Pay off Credit Cards in Full.
  4. Create Automatic Savings.
  5. Start Investing Now.
  6. Watch Your Credit Score.
  7. Negotiate for Goods and Services.
  8. Stay Educated on Financial Issues.

What is the 50 20 30 budget rule? ›

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What are the 5 pillars of financial freedom? ›

The five pillars of financial planning—investments, income planning, insurance, tax planning, and estate planning— are a simple but comprehensive approach to financial planning.

How to start over financially? ›

Starting Over Financially After Bankruptcy, Divorce, or Unemployment
  1. Find Work You Love.
  2. Tighten Up Expenses.
  3. Build Your Emergency Fund.
  4. Use Your Employer Match.
  5. Consider a Roth IRA.
  6. Avoid Big Investment Risks.
  7. Consider Buying a House.
  8. Don't Take Social Security Early.
Jan 4, 2022

What is the 4 rule for financial freedom? ›

The 4% rule says people should withdraw 4% of their retirement funds in the first year after retiring and take that dollar amount, adjusted for inflation, every year after. The rule seeks to establish a steady and safe income stream that will meet a retiree's current and future financial needs.

What is the formula for financial freedom? ›

50-20-30 rules is an easy way to know how to achieve financial freedom in 5 years. Split the cash-in-hand into 3 equal parts as per the rule. 30% of income is spent on wants, 50% on needs, and 20% is set aside for savings and investments.

Can I retire at 55 with 300k? ›

On average for a comfortable retirement, an individual will spend £43,100 a year, whilst the average couple in retirement spends £59,000 a year. This means if you retire at 55 with £300k, an individual will run out of funds in approximately 7 years, and a couple in 5 years. So, on paper, it doesn't look like enough.

Can I retire at 40 with 500k? ›

The short answer is yes, $500,000 is enough for many retirees. The question is how that will work out for you. With an income source like Social Security, modes spending, and a bit of good luck, this is feasible. And when two people in your household get Social Security or pension income, it's even easier.

What is the FIRE method? ›

Financial Independence, Retire Early (FIRE) is a financial movement defined by frugality and extreme savings and investment. By saving up to 70% of their annual income, FIRE proponents aim to retire early and live off small withdrawals from their accumulated funds.

What is the fastest path to financial freedom? ›

Increasing your income – while keeping the spending levels constant or in check – is one of the fastest ways to reach financial freedom. This requires you to continuously work on advancing your career or your business.

What is the average age to get financial freedom? ›

Among the key findings: 45% of young adults say they are completely financially independent from their parents. Among those in their early 30s, that share rises to 67%, compared with 44% of those ages 25 to 29 and 16% of those ages 18 to 24.

How to be financially independent without a job? ›

Whatever your definition of financial independence, the following tips can help you achieve it.
  1. Know Your Finances. ...
  2. Reduce Debt. ...
  3. Live Below Your Means. ...
  4. Increase Your Income. ...
  5. Invest in Your Future. ...
  6. Build an Emergency Fund. ...
  7. Monitor Your Credit Score. ...
  8. Seek Professional Financial Help.
Jul 3, 2023

What are the Dave Ramsey 7 steps? ›

Dave Ramsey's 7 Budgeting Baby Steps
  • Step 1: Start an Emergency Fund. ...
  • Step 2: Focus on Debts. ...
  • Step 3: Complete Your Emergency Fund. ...
  • Step 4: Save for Retirement. ...
  • Step 5: Save for College Funds. ...
  • Step 6: Pay Off Your House. ...
  • Step 7: Build Wealth.
Jun 1, 2023

What are Tony Robbins' 7 steps? ›

The Seven Simple Steps to Financial Freedom
  • Make the most important financial decision of your life.
  • Become the insider: Know the rules before you get in the game.
  • Make the game winnable.
  • Make the most important investment decision of your life.
  • Create a lifetime income plan.
  • Invest like the .

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

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