Ross Millard’s Weblog

I returned from my travels around Central America to attend Tony Robbins Wealth Mastery course which was the final course in a series of three labelled as Mastery University. I took the first course, Life Mastery, in July 2005, and the second one, Date With Destiny in March/April 2006. I was told by the Robbins Organisation that I couldn’t defer this one any longer, hence returning to complete it now.

I was expecting the course to give me lots of investment strategies to use on how to invest my money, however it was more geared up to the psychological aspects of money and wealth. The course ran for 4 days from 16th – 19th November at the Ibis Hotel in Earls Court, London.

Day 1 focussed on the definition of money and what wealth and abundance are all about.

Some quotes that I wrote down:

“Money is nothing more than a feeling or emotion”

“The amount of wealth you will accumulate in your lifetime is determined 80% by your mindset, only 20% is down to strategies and investment vehicles”

“It’s not the investment it is the investor”

“Everything you want in life comes from within”

“The ultimate resource is resourcefulness”

Asset classes were discussed, those being Paper (stocks, bonds, options), Property, and Businesses (those that you start and run yourself).

Time was also given to goal setting and ensuring that you have written goals and do exercises to visualise having already achieved your goals. This is very important.

“All investment success is based on how successfully you control your fear and greed”

Another topic that was covered was to do with the type of investing you were looking for, is it for security or growth? The answer to this probably relates largely to your age.

Asset allocation is the most important thing you can do in investing. There are three buckets that your money should be allocated between, the percentages differing depending on whether you are lookign for growth or security. The buckets are Security, Growth (Buy and Hold / Momentum), and Dream Capital.

The way it works is that you have some higher risk strategies in your Momentum portion of your Growth bucket that can reap higher rewards that spill over into you Dream Capital bucket which can be used to buy that expensive sports car, or island, depending on the level of wealth you’re creating!

Chuck Mellon presented on Day 2, again covering a lot on the psychological side to begin with.

“It is not so important how much money you make when you are right in investing, it’s how much money we keep ourselves from losing when we are wrong that will determine our life’s wealth quotient”

Chuck talked about Fundamental Analysis and Technical Analysis, most of which I was already familiar with. He also went on to talk about Options trading, again something I was already up to speed on.

Day 3 was more about where to find the correct companies to invest in to get a higher rate of return, hopefully in the region of 20% per annum.

AJ Monte covered some pointers for success in the markets, and said that at the end of the course we would have the equivalent knowledge of a professional with 2-7 years experience!

We also had a really interesting talk from Michael Smorch on the current state of the world economy and where we should be looking to invest over the next few years as power transfers from the United States to China.

There were a number of other topics touched upon and some really great presentations by Keith Cunningham.

I have glossed over the content of the course at a very high level and it is safe to say that the course was extremely worth while and I have already implemented a number of strategies, although I haven’t actually started the Options trading yet.