Personal development guru and motivational speaker Tony Robbins has done notoriously very well for himself via different ventures, with a net worth standing at $600 million, according to Blinkist Magazine.
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According to his website, “Robbins is involved in more than 100 privately held businesses with combined sales exceeding $7 billion a year.” So he’s clearly been very successful in building wealth. Here’s how he did it.
Have a Mentor
While Robbins grew up in poverty, he became one of the world’s most famous motivational speakers and life coaches. Throughout his career, he’s been involved in many ventures, including 1980s infomercials, self-help seminars, bestselling books, a Fiji resort and an award-winning documentary, according to Capitalism.com.
And it’s worth noting that he couldn’t go to college, so he started out by working as a janitor, earning $40 a week.
Yet, one thing that made an enormous difference in his life was when he started to follow the work of motivational speaker Jim Rohn and decided to attend one of his seminars.
“I first saw Jim speak when I was 17, and he introduced me to a new way of thinking. He taught me that if you want anything to change, you must change. If you want things to get better, you’ve got to get better,” Robbins wrote on his website. “And that the secret of life is working harder on myself than on the job, or a specific skill, or anything else. Jim taught me that as soon as I committed myself to excellence, I would really have something to give others. And that’s a big part of what makes life meaningful for me.”
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Set Goals
Another important step to building wealth, according to Robbins, is setting goals, as Robbins is known for saying “progress equals happiness.”
Yet, not all goals are equal, and, in turn, Robbins recommends using what he calls “SMART goals.” SMART is an acronym for goals that are specific, measurable, achievable, realistic and anchored in a time frame, according to Robbins’ website.
“The outcomes you want ultimately point to the quality of the objectives you’re setting for yourself — and if you’re not using SMART goals, you could be holding yourself back,” according to his website.
And in terms of how to achieve these goals, he suggests starting small, checking in regularly and not letting fear hold you down.
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This article originally appeared on GOBankingRates.com: 2 Wealth-Building Habits Behind Tony Robbins’ $600 Million Net Worth
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