Tony Robbins: Take Control of Your Finances, and Take Control of Your LifeWith his newly re-released New York Times bestseller, the life strategist and philanthropist wants to help you take control of your financial life -- so he's giving his books away for free.

ByTracy Byrnes

Opinions expressed by Entrepreneur contributors are their own.

Taylor Hill/Stringer | Getty Images
Tony Robbins

Entrepreneurs have a latent need to control everything. They personally speak with every client and are at every design meeting. They hit the gym and put down the cookie. They seemingly have it all under control.

Yet when it comes to their finances, so many entrepreneurs actuallyrelinquishcontrol to someone else.

Truth is, many of us do the same. We hand off our 401(k)s -- the money we plan to live on in retirement -- to someone we barely know and just trust that he or she will do right by us.

Related:Budgeting Is Easier With Music and Wine

But we are often hit with phantom fees and taxes, and we barely ask why. There are somenew Department of Labor laws下来应该提供的派克有限公司nsumers more transparency -- but it will never be enough.

Tony Robbinsagrees. The uber-passionate life and business strategist believes you should take more control of our financial life, so he's updated his number-one New York Times bestselling book,Money: Master the Gameand is giving it away for free -- you just need to pay the $7.95 shipping and handling.

If happen to live under a rock and haven't listened to Robbins speak, please do that first. Listen to hisTED talk, which was one of the top-10 most popular of all time, or to his mostrecent podcast. You'll instantly get a sense of his infectious energy and why he has dedicated his almost 40-year career to helping people achieve their goals and get out of their own way.

和for many years, he mainly focused on pushing people to achieve their ultimate relationships and aspirations. But recently, he has broadened his scope to tackle money issues.

"Your body, your emotions, your relationships and your finances are the few subjects that affect us the most," says the entrepreneur who has worked with over 50 million people from 100 countries. "And if you're finances are messed up, odds are good you are."

Or your marriage is. Or your business is. Or your (fill in the blank) is.

"If you do what you've always done, you'll get what you've always gotten." --Tony Robbins

和yet so many of us have put that piece of our lives on auto-pilot. We have automatic withdrawals from our paychecks to our 401(k)s or IRAs. And while we have no idea what's happening with the money, we still fully expect to end up with enough income to sail around the world at 65.

Well, good luck with that. Because the truth is, we'll spend more time planning that trip then figuring out how to save for it.

But you can't run a business or a household if you don't understand its finances. And sure, many argue the market system is rigged. Maybe it is. But there are things youcancontrol to better ensure you have money in your company's coffers and your retirement plan.

Related:Money Might as Well Grow on Trees Once You Pursue Work You Truly Enjoy

"If you want to be successful, find someone who has achieved the results you want and copy what they do and you'll achieve the same results." --Tony Robbins

One of the perks of being number 49 on theWorth Power 100list of global finance people is that Robbins has access to some pretty accomplished folks. So he spent serious time, over the course of four years, with people like activist investor Carl Icahn, Vanguard founder Jack Bogle, Charles Schwab, T. Boone Pickens and Ray Dalio, the founder of Bridgewater Associates, a hedge fund with $150 billion under management, and compiled everything he learned in his book.

Now clearly no one is promising that you too will amass $150 billion, but there are overlapping strategies and philosophies that can help empower you and let you take control.

"Successful people ask better questions, and as a result, they get better answers." ---Tony Robbins

You don't need to become a certified financial planner to ask the right questions. Robbins suggests you understand the3F's.

1. Fees and taxes

You have to control them both. You can be scrupulous about saving, but if you're 401(k) is being hit with a 3-percent fee versus 1 percent, you could be shaving years off your nest egg.

"You can't control the market but you can control fees. That's half the battle," he says.

2. Funds

Understand your mutual funds. Actively managed funds charge a fee and allow the managers to trade how they see fit. That could generate a tax bill. Index funds follow an index -- like the S&P 500 -- so both the fees and taxes are lower. Which do you have?

3. Fiduciary

Do you have a fiduciary or a broker controlling your money?

In super simple terms, securities brokers are regulated by the Financial Industry Regulatory Authority under a "suitability" standard.

That means the investments they pick for you just have to be "suitable." So that leaves a lot of gray room for some brokers out there to sell you a product just to get the commission. Fiduciaries, on the other hand, have a responsibility to work in your best interests.

Now that is agross泛化。因为我知道吨经纪人care deeply about their clients and would lie on railroad tracks for them before they sold inappropriate products.

Still, there are bad apples are everywhere. The Department of Labor has new rules coming out that offer some consumer protection. Some, not enough.

So ask some questions. Or do some homework of your own. Robbins also has partnered withshowmethefees.com. The site lets you drop in your 401(k) info, and it will tally the fees you're paying -- for free.

He is also on the board of directors and Chief of Investor Psychology atcreativeplanning.net. Itsportfolio checkup sectionalso will help you see the real costs and risks in your investments.

"Only those who have learned the power of sincere and selfless contribution experience life's deepest joy: true fulfillment." --Tony Robbins

Having control over your life, your dreams, your goals -- and your finances -- will bring you closer to ultimate fulfillment, says Robbins. And part of feeling fulfilled is giving back.

All proceeds from his book are being donated toFeeding America. Robbins grew up in an abusive home and often didn't know where his next meal was coming from. So his mission is to make sure no one feels that way again.

Last year, he provided 59 million meals to Americans in need and matched funds to feed over 100 million altogether. His goal is to feed 250 million by the end of this year and a billion in a decade.

和his message is simple: You need to take control of all aspects of your life to succeed in this world and be able reach that level of fulfillment where you are constantly growing and contributing back.

Related:Don't Let Debt Crush Your Financial Dreams

Then the only question you will need to ask yourself is:What am I doing to leave this world a better place?

Because that is ultimately what we all should be worrying about.

Wavy Line
Tracy Byrnes

Principal, Wine on the Street

Tracy Byrnes has what many might call a dream gig, matching a career as an experienced and well-respected business journalist with her passion for wine. She began a wine column,Wine With Me, for FOX News Channel in 2010 and later startedWine on the Streetas a way to educate professionals about wine and provide an open forum for content around the wine business. Prior to founding Wine on the Street, Tracy was an anchor and reporter for the FOX Business Network, a writer for TheStreet.com and an accountant with Ernst & Young. She is also the author ofBreak Down Your Money: How to Get Beyond the Noise to Profit in the Markets.

Editor's Pick

Related Topics

Business News

'Awful Advice': Barbara Corcoran Slammed For 'Tone Deaf' Business Advice to Interns

The "Shark Tank" star shared tips on social media about how interns can increase their chances of getting hired full-time, but the public reaction didn't go as planned.

Business News

'This Is My Life Now': Man Hysterically Documents Elon Musk's 'X' Sign Blaring Flashing Lights Into His Bedroom Window

The sign, reportedly put up without a permit, is shining bright at X HQ in San Francisco.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business News

An 81-Year-Old Florida CEO Just Indicted for a $250 Million Ponzi Scheme Ran a Sprawling Senior Citizen Crime Ring

Carl Ruderman is the fifth senior citizen in the Miami-Fort-Lauderdale-Palm Beach metropolitan area to face charges in connection with the scam.

Green Entrepreneur

Phoenix Has Hit 110 Degrees for a Month, But This One Invention Is Cooling Things Down a Tad

For the Arizona city amid a record-breaking heat wave, cool surfaces bring a modicum of relief.