Personal development guru, Jim Rohn, is well-known for his influence on the lives of many successful people such as Mark Hughes, Tony Robbins, Jack Canfield and T. Harv Eker. In this book, he shares 7 timeless principles and strategies for unlocking your inner potential to live a life of wealth and happiness. In this free summary of 7 Strategies for Wealth & Happiness, you’ll get a quick overview of all 7 strategies.
Overview of the Book
Wealth and happiness mean different things to different people. A successful life is ultimately about living the life that you want, based on your values, goals and dreams. The key is to focus on a handful of things that’ll make the greatest difference to your goals and circumstances.
At the age of 25, Jim Rohn was stuck. He had quit college and started work, only to find himself struggling to make ends meet. Under the mentorship of entrepreneur John Earl Shoaff, he transformed his life and became a millionaire by the age of 31. In 7 Strategies for Wealth & Happiness, Rohn shares the fundamentals of success that he learned from Shoaff. These are timeless concepts which can be applied by anyone, regardless of your circumstances.
Let’s take a quick look at these principles.
The 7 Strategies for Wealth & Happiness
Here’s a brief outline of the 7 key lessons that helped Jim Rohn to transform his life. Feel free to get a copy of our full 13-page summary for more insights (with examples and actioanble tips) on how to start applying them to your life.
1. Unlock the Power of Goals
Our dreams and goals can be powerful motivators. When you have a clear, inspiring vision of your desired future, it can unlock energy and creativity to pull you ahead. But if you spend your life trying to gain others’ approval, it’ll only lead to worry and stress.
Check out our full 7 Strategies for Wealth & Happiness summary to learn more about the (i) 4 key motivators driving most people, and (ii) how to crystallize your long-term + short-term goals on paper, and (iii) how to make the most of your goals.
2. Seek Knowledge and Wisdom
To achieve your goals, you must know what and how to learn, then actively search for information in a consistent and purposeful way. Capture valuable ideas and insights so you won’t forget them, and gain wisdom from studying your life experiences + learning from others’ successes and failures.
3. Learn to Develop Yourself
Your income, responsibilities and results will never outgrow your ability and capacity. To have more, you must first be more. In our full book summary, we explain more about (i) why you should focus on value and (ii) how to adapt to the seasons of life instead of resisting them, and (iii) how to overcome self-imposed limitations to fulfill your potential. Personal transformation doesn’t happen overnight. Take 1 small step at a time and let yourself to evolve through consistent effort.
4. Manage your Finances
The key to financial independence isn’t how much money you have, but how you allocate your money. Jim Rohn recommends using the 70/30 Rule to apportion your after-tax income as follows: 70% for necessities and luxuries, 10% for charity, 10% for wealth-creation and 10% for savings. Get more details on the 70/30 rule, and other money management tips from our complete 13-page version of the 7 Strategies for Wealth & Happiness summary.
5. Master your Time
Everyone has only 24 hours a day. How you use your time determines the results you’ll get. Become an enlightened time manager (instead of drifting from task-to-task, operating in a mediocre 9-to-5 mode, or simply slogging for the sake of staying busy). Find out more about the 4 main time management approaches, how to take control of your time and plan ahead through our full summary bundle.
6. Surround Yourself with Successful People
The principle of association says that we’re strongly influenced by the people we spend the most time with. If you’re surrounded by spendthrifts, you’re likely to spend money more carelessly. If your friends always cut corners, you may also start to do so unconsciously. Make a conscious effort to disassociate from negative people and expand your association with the right ones. Surround yourself with winners.
7. Live a Rich Life
A rich lifestyle is about much more than money. It’s also about expanding your potential, experiencing life to the fullest and having deep, fulfilling relationships. Jim Rohn advises us to concurrently enjoy what we already have while striving for our goals, cultivate a spirit of generosity, and constantly expand our knowledge, experiences and perspectives.
Applying the 7 Strategies for Wealth & Happiness
No matter where you are in life, the 7 timeless strategies above are powerful reminders of how you can live a richer and more fulfilling life. However, knowledge alone isn’t enough. You need the discipline to take consistent action, covert ideas to reality, turn financial hardships into focused action, and attain meaningful results. The good news is, the more you take disciplined action, the better you’d feel about yourself and be able to attract new opportunities.
Ready to take control of your life? Make today a brand new beginning. Put aside any past failures or regrets, and start afresh today to create the life you want. For more details do get our full summary bundle which includes a one-page infographic in pdf, a 13-page text summary in pdf, and a 24-min audio text summary in mp3.
About the Author of 7 Strategies for Wealth & Happiness
7 Strategies for Wealth & Happiness: Power Ideas from America’s Foremost Business Philosopher was written by Jim Rohn–an American entrepreneur, author and motivational speaker. Rohn grew up bon a farm in Idaho. He quit college and started work in a department store. Later, under the mentorship of John Earl Shoaff, Rohn built one of the largest direct selling organizations in Nutri-Bio. In 1960, Rohn became Nutri-Bio’s vice president. Rohn gave his first public seminar in 1963, and went on to become an international speaker on personal development. He received the 1985 National Speakers Association CPAE Award for excellence in speaking, and authored 17 different written, audio, and video media. He became a millionaire at age 31, and was credited by many notable individuals (including Mark Hughes, Tony Robbins, Jack Canfield, Brian Tracy, and T. Harv Eker) for his influence on their lives.
7 Strategies for Wealth & Happiness Quotes
“Success is no more than the natural consequence of consistently applying the fundamentals of success to life.”
“Discipline is the bridge between thought and accomplishment…the glue that binds inspiration to achievement…the foundation on which all success is built.”
“A focused mind is like a mental rifle shot that strikes an idea target.”
“To have more than you’ve got, become more than you are.”
“You cannot change the seasons but you can change yourself.”
“Better is not something you wish; it’s something you become.”
“Poor people spend their money and save what’s left. Rich people save their money and spend what’s left.”
“Be happy with what you have while pursuing what you want.”
Learn these 7 timeless strategies for greater wealth and happiness!