Ken Blanchard told the speaker to keep income from books and infomercials separate from his business, in an untouched investment account. When his company hit a severe downturn years later, that personal cash reserve kept the business alive while he restructured.
I'm going to tell you something right now that if you listen to me, you'll never worry about money. I remember one of the greatest gifts I got from Ken Blanchard. I met him when I was 24 years old. He goes, I want to do something for you. And he goes, the only thing I do is give you— you gave me great coaching. He goes, let me give you some coaching that someone gave me years ago. When he first went to go write the One Minute Manager book, a very successful friend of his came to him and said, I'm going to tell you something right now that if you listen to me, you'll never worry about money. He goes, that money coming in from those books He said, "Do not let that go to your business. Let the business get the customers, let the business get the benefit, but don't let them get the income. And don't you spend that income. Take that income, put it in a separate account that you're going to use for investment and don't touch it. That is what will make you financially independent." And he told me this as I was about to do my first infomercial. And he said, "Tony, your book and your infomercial, that's how you should do it." And I was like, "Well, no, the company needs it." He goes, "How many of you found that your company will eat up whatever cash is available?" How many found this to be true? Right? So you have to draw a line in the sand. And by the way, years later my company was in trouble and thank God I had enough personal cash to cover it while we're getting things turned around. When there was a massive change in the economy. Right? And we weren't prepared for it. So it saved me.
Tony Robbins Helps Her Use the Power of Her Own Mind to Manifest A Better Life
