This book is definitely not worth a read if your name isn't Bezos, comma, Jeff. Basically bro goes into detail about all the alternative investments rich people use to get better returns than the stock market. Cool! Except I'm not rich enough to buy an NBA team, so that information is pointless to me. In addition, this critique makes a compelling case for the idea that the book is a complete shill. This book has one saving grace for me and that's the conclusion. In it, Tony mentions that he thinks you should donate 10% of your income every year or something like that. He specifically claims that he's been doing that himself since he was dirt poor, and that he's never met someone who donates 10% of their income every year who didn't become rich. Obviously Tony Robbins has observed a biased sample, given that he knows more multiquintikajillionaires than Drake has #1 hits. Regardless I find this idea intriguing, not least because I'm planning to get rich and give most of my money to charity.
So, I'm left with the question: donate money now or later? Given the time value of money, it seems to make sense for me to give all of my money away the moment I die. After all, why would I give a dollar when I could give $1.10 next year? I think that extreme line of reasoning is dumb, not least because it sent Kendrick to hell . Really, the time value of money works both ways, in the sense that money is also worth more to the poor now than it will be in the future. In fact, I would go so far as to say that my money is worth more to the poor than it is to me. So, that would mean that I should give 100% of my money (or at least 100% of my disposable income) to the poor. Again we arrive at an extreme conclusion that doesn't appear reasonable. So, 10% a year actually seems like a reasonable middle ground between the investments I make in myself and the investments I make in the global community, if you think of saving and charity in that way. So, in short, the book that was supposed to teach me how the ultra-rich think has actually convinced me to become a couple bands poorer in order to give them kids some malaria prevention. Ironic.