11/24/2014 12:13 pm ET Updated Dec 06, 2017

The Power Of Compound Interest, From Tony Robbins (VIDEO)

Life and business strategist Tony Robbins is a big believer in compound interest. Many people find it hard to save money. Tony recommends looking at building a savings in the same way that you look your taxes -- as something that you have to pay. Take 20% of what you're making, put it away, and never look at it. Making a bunch of money is not the way to save money, as can be seen with people like Mike Tyson, who made half a billion dollars and still ended up bankrupt. You've got to put money away into a savings, so that in case something happens, you have that money saved.

Get Tony's latest book, Master The Money Game: 7 Steps To Financial Freedom.

For more inspiring advice from Tony Robbins, view the slideshow below

Tony Robbins

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