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Today’s book summary

7 Strategies for Wealth & Happiness

by Jim Rohn

Jim Rohn's seven simple strategies for a rich life: goals, learning, change, money, time, people, joy.

The golden nuggets

01

Set a goal for what it will make of you, not just what it will give you.

Rohn's own line: the major reason for setting a goal is to compel you to become the person it takes to achieve it. Write your long-range goals down - the becoming is the real prize.

02

Reasons come first. Answers come second.

Strategy One opens here: if your reasons for a goal are strong enough, you will find the answers, people, and resources. Weak reasons are why most goals quietly die.

03

Feed your mind at least thirty minutes a day - and do not miss.

All leaders are readers. Standard education brings standard results; self-education is how you pass them. Miss a meal if you must, Rohn says, but not your thirty minutes of learning.

04

Gather wisdom from your own life, not only from books.

Rerun the tapes: review each day, week, and year, and write what you learn in a journal. Experience only turns into wisdom - and value - when you record it and ponder it.

05

Work harder on yourself than you do on your job.

Shoaff's lesson that turned Rohn's life around. What you become is far more important than what you get - income rarely rises above personal development.

06

You are not paid for your time. You are paid for your value.

You cannot create more time, but you can become more valuable inside the same hours. Grow your value and the marketplace raises your price.

07

You cannot change the seasons, but you can change yourself.

Winter always follows fall. Use hard times to grow strong, plant in spring, protect in summer, and take full responsibility in fall. Do not wish it were easier; wish you were better.

08

Rule your money with the 70/30 plan.

After taxes, live on 70 percent of your income. Give 10 percent to charity, put 10 percent into capital that earns, and save 10 percent. Rich people save first and spend what is left.

09

Master time by thinking on paper.

Operate from document, not from thought. Plan the day before it starts, keep a journal and a project book, and schedule your hardest work for the hours when you are sharpest.

10

Audit your associations: cut, limit, expand.

Influence is powerful, subtle, and gradual. Disassociate from people who tear down your dreams, limit time with minor influences, and spend more time with the right people.

11

Be happy with what you have while pursuing what you want.

Happiness is an art to study and practice now, not a prize for later - more money only makes you more of what you already are. Start small: become a two-quarter person.

You’re halfway there

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The book, in short

Jim Rohn grew up on an Idaho farm and, at twenty-five, was broke, behind on his bills, and earning fifty-seven dollars a week. Then he met Earl Shoaff, the mentor who taught him a philosophy of fundamentals over the next five years. This book is that philosophy, organized into seven strategies. It opens by defining five key words - fundamentals, wealth, happiness, discipline, and success - and insists that success is nothing exotic: it is the natural result of applying a half-dozen fundamentals, consistently.

The first two strategies build the inner engine. Unleash the power of goals: set long-range goals in writing, get your reasons straight first, and let each goal compel you to become the person it takes to achieve it. Then seek knowledge two ways - from your own life, by reflecting on your days and keeping a journal, and from the lives of others, through books, tapes, and watching winners and losers. Thirty minutes of learning a day, never missed, is the minimum dose.