Tony Robbins shares the most important thing he's learned from coaching billionaires

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Three Biggest Money Mistakes

Tony Robbins has coached some of the wealthiest people in the world, working with clients ranging from tennis legend Andre Agassi to President Bill Clinton.

Along the way, he's mastered his own money — the premiere performance coach and author of "MONEY: Master The Game" went from a cash-strapped upbringing to an estimated net worth of $440 million.

In a recent episode of Lewis Howes' podcast, "The School of Greatness," Robbins shared a fundamental lesson he's learned from coaching the wealthiest of the wealthy:

There's a reason the wealthiest, most successful people tend to hang out with other wealthy, successful people.

As T. Harv Eker explains in his book, "Secrets of the Millionaire Mind," "Successful people look at other successful people as a means to motivate themselves. They see other successful people as models to learn from. They say to themselves, 'If they can do it, I can do it.'"

Associating with ambitious and driven individuals is also the key to staying hungry, even in the face of success, Robbins told Howes: "When I started coaching all these billionaires, there was a part of me that said, 'I'm as smart in certain areas as they are. I've got to step my game up ... Get around where it's better and things will hit you."

After interviewing more than 1,200 of the world's wealthiest people and becoming a self-made millionaire himself, author Steve Siebold came to a similar conclusion as Robbins: "Exposure to people who are more successful than you are has the potential to expand your thinking and catapult your income ... The reality is, millionaires think differently from the middle class about money, and there's much to be gained by being in their presence."

While often overlooked — or dismissed as elitist — your friendships could have a major impact on your financial success, and befriending wealthy people could even help you get rich. That's not to say you should ditch your average-income friends or screen new acquaintances by net worth, but you might want to take into consideration what you can learn from the friends you have and the friends you make.

As Siebold explains, "In most cases, your net worth mirrors the level of your closest friends ... We become like the people we associate with, and that's why winners are attracted to winners."

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Tony Robbins shares the most important thing he's learned from coaching billionaires

Dog-sitting, babysitting, or house-sitting

These jobs are always in high demand, and the best part: you can name your price and create your own schedule! Post an ad on craigslist, or use your friends' and family's connections to get your name out there. 

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Rent out your space 

List your apartment on Airbnb or another rental site, and make some easy cash by staying at a friends and renting out your place for the weekend.

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Share your space

Just as you can rent out your full apartment or house, you can also post a free room (or even just your couch!) on sites like Craigslist or Airbnb. This way you can split your living expenses -- and maybe even make a new friend!

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Sell your body parts

Now here's a weird one: Donate your hair, breast milk, or even plasma for a profit. According to Grifols, if you're healthy and weigh above 110 pounds, you can earn up to $200 a month donating your plasma to life-saving medicine. 

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Sign up to participate in medical tests and clinical trials. 

Universities constantly need volunteers to test new medicines and treatments -- and because the pool of willing participants is limited, there is typically a large compensation for being a guinea pig. 

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Participate in a focus group

Companies and organizations will pay you to join a focus group. These can be conducted in person, online, or via phone. You will most likely be reimbursed in cash or gift cards -- plus, you often get to test out fun new products! 

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Take online surveys

Similar to focus groups, you can get paid to give your time and insights on an online questionairre. Plus, you can do this from the comfort of your couch. 

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Bank on your sperm

Although we don't necessarily recommend this option, there is a very high demand for healthy sperm donors. Keep in mind some of the obvious drawbacks, but sperm donation is non-invasive and highly compensated. 

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Crowdfund your dreams

Crowdfunding allows you to raise monetary contributions from a large group of people who want to support your venture. Post your project or idea on a crowdfund site, like, and see the cash pile up.

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Become a tutor

If you're qualified, post an ad online or on a community board to tutor children on their school courses or for the upcoming SATs.

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Get a part-time job

Capitalize your free time (on the weekends or after work hours) by working a part-time job. A bartender, waiter, or Uber driver are all great options for an additional source of income -- and great tips! 

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Resell tickets

Take this suggestion at your own risk: If you're staying within legal limits, buy tickets low and sell high as an effective way to source additional money. (Just make sure to check your state and local laws first!)

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You can sell anything on the internet these days... including your companionship! Get paid to go on a platonic outing for a few hours and enjoy your afternoon with a new friend. 

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Rent out your parking spot

Make sure to check with your landlord first, but if you have the option to park your own car further away, lend or share your parking space or driveway for the hour, day, or even month! 

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Keep a coin jar 

This one takes patience before a big pay out, but keep a spare jar or drawer for loose change that you usually toss anyway. It will keep it all in one place -- and those quarters do add up! 

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Make something to sell 

If you have a knack for arts & crafts, create jewelry or other handmade gifts to sell on sites filled with other thrifty vendors like Etsy

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Sell items online

This effective strategy requires low effort with a high return. Post photos of your used or non-used items on sites like eBay or Craigslist, and let the bidding begin! 

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Have a yard sale

Sell clutter you've been meaning to get rid of right in your front yard. This simple tactic is convenient, and guarantees a wad of cash right to your pocket.  

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Return past purchases

This tip may seem obvious, but is often overlooked: Take your recently-purchased items that are laying around back to the store for either store credit or a full refund. 

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Recycle scrap metal and cans

Collect cans and scrap metal out your own garbage, basement, and street and bring to your local recycler to exchange your findings for money.  

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