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 summary of 7 Strategies for Wealth & Happiness, we’ll briefly outline these strategies. For the full details, examples and tips, do get a copy of the book, or get a detailed overview with our complete book summary bundle.
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 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 complete 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 full 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.
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. Get more wisdom from our complete 13-page summary here.
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.
This is a short but inspiring book written in a conversational, engaging style. For more details, do get a copy of the book, get our full summary bundle for an overview of the strategies and tips, or check out visit www.jimrohn.com.
Learn these 7 timeless strategies for greater wealth and happiness!