“Don’t Be Cheap!” Tony Robbins on Frugality, Spending Money, & Building Wealth

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Jan 11, 2026

Tony Robbins, the renowned entrepreneur and life strategist, dives into the psychology behind personal finance and success. He discusses the essential traits of hunger and relentlessness for achievement. Tony contrasts the scarcity mindset with a possibility-focused approach, urging listeners to invest in experiences rather than material items. He also shares insights on making meaningful changes, the importance of philanthropy, and how personal hardships can foster growth. A must-listen for those keen on transforming their financial and personal lives!

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ANECDOTE

How Tony Ended Up In Shallow Hal

Tony Robbins shared how he joined Shallow Hal after memorizing and then improvising the healing scene.
The original screenplay came from a legally blind man inspired by Robbins' infomercial.

INSIGHT

Life Has Seasons That Shape Success

Human life follows seasons: spring (learn), summer (test), fall (power), winter (mentor).
Recognizing your season helps interpret struggle and timing for growth.

ADVICE

Invest In Skills And Study Patterns

Invest in yourself to gain skills that give marketplace advantage.
Study history and patterns to avoid fear and make smarter decisions.

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NetSuite- Download the Demystifying AI Guide for FREE at https://netsuite.com/iced Cozy Earth- Luxury bedding & loungewear - use code ICH for up to 40% off at https://cozyearth.com Morgan & Morgan- If you’re ever injured in an accident, you can check out Morgan & Morgan. You can submit a claim in 8 clicks or less without having to leave your couch. To start your claim, visit: https://forthepeople.com/ICED Shopify- Sign up for a $1 per month trial period at https://shopify.com/ich Tony's hosting his final Time to Rise Summit — three days, completely free, January 29-31. Over a million people from 193 countries have transformed their lives through this event. Sign up at https://www.timetorisesummit.com Follow @TonyRobbinsLive On YouTube! Add us on Instagram: https://www.instagram.com/jlsselby https://www.instagram.com/gpstephan Apply for The Index Membership: https://entertheindex.com/ Official Clips Channel: https://www.youtube.com/channel/UCeBQ24VfikOriqSdKtomh0w For sponsorships or business inquiries reach out to: tmatsradio@gmail.com For Podcast Inquiries, please DM @icedcoffeehour on Instagram! Timestamps: 00:00:00 - Intro 00:02:26 - Shallow Hal Backstory 00:05:17 - What people get wrong about you? 00:06:08 - Why is it a common belief that people don't change? 00:10:25 - The one trait successful people have 00:19:38 - sponsor - netsuite 00:27:54 - Advice to help someone change their mentality 00:32:48 - Recipe for a happy life 00:37:13 - sponsor - cozy earth 00:45:24 - Best / Worst Investment 00:48:09 - The Best Investment Opportunities 00:53:21 - How do you avoid burnout? 00:58:46 - First world entitlement and victim mentality 01:04:40 - Hardships and maintaining positivity 01:06:46 - sponsor - morgan and morgan 01:08:05 - sponsor - shopify 01:09:34 - Last time you cried? 01:11:01 - Your Best / Worst Purchase 01:17:33 - Tony analyzes Graham Stephan 01:33:44 - Growing a business with necessity mentality *Some of the links and other products that appear on this video are from companies which Graham Stephan will earn an affiliate commission or referral bonus. Graham Stephan is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available.

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