The book has Smooth style and its easy to read. These strategies are not unknown but sometimes you need to hear it few times before you put it to practice. At the end Jim Rohn asks four questions:
▪ Why should you try all this?
▪ Why not?
▪ Why not you?
▪ Why not now?
This kind of wrapped it up...
So this is my assessment of the book 7 Strategies for Wealth & Happiness by Jim Rohn according to my 8 criteria:
1. Related to practice - 5 stars
2. It prevails important - 5 stars
3. I agree with the read - 5 stars
4. not difficult to read (as for non English native) - 5 stars
5. Too long (more than 500 pages) - short and concise (150-200 pages) - 5 stars
6.Boring - every sentence is interesting - 4 stars
7. Learning opportunity - 4 stars
8. Dry and uninspired style of writing - Smooth style with humouristic and fun parts - 4 stars
Total 4.62 stars
Share: 7 Strategies for Wealth & Happiness: Power Ideas from America's Foremost Business Philosopher
7 Strategies for Wealth & Happiness: Power Ideas from America's Foremost Business Philosopher - Jim Rohn (Highlight: 191; Note: 0)
Here are some highlights and excerpts from the book that I find worth remembering:
▪ SUCCESS IS NO MORE THAN THE NATURAL CONSEQUENCE OF CONSISTENTLY APPLYING THE FUNDAMENTALS OF SUCCESS TO LIFE.
▪ The same is true of happiness and wealth. They, too, are no more than the natural consequence of consistently applying the fundamentals of happiness and wealth to life.
▪ For example, for a farmer to reap a plentiful harvest in the fall, the half-dozen basics he must concentrate on are fairly obvious: soil, seed, water, sunshine, nourishment, and care. Each component is of equal importance because only together do they bring to fruition a successful harvest.
▪ WHAT ARE THE HALF-DOZEN THINGS THAT WILL MAKE THE MOST DIFFERENCE TO THE OUTCOME?
▪ we shall focus on the kind of wealth that brings with it financial freedom — WEALTH THAT COMES FROM THE CONVERSION OF EFFORT AND ENTERPRISE INTO CURRENCY AND EQUITY.
▪ our basic dream is the same: to be free of financial pressures, to have freedom of choice, and to enjoy the opportunity to create and to share.
Happiness is the skill of reacting to the offerings of life by perception and by enjoyment. Happiness comes to those who deliberately expand their horizons and experiences.
- It resides in the houses of those who have the ability to handle disappointment without losing their sense of well-being.
- Happiness is also the freedom from the negative children of fear such as worry, low self-esteem, envy, greed, resentment, prejudice, and hatred.
- It is also a method of thinking that organizes feelings, activities, and lifestyle.
- Happiness is activity with purpose. happiness can only be experienced in the now
If there is one critical ingredient for your successful quest for both wealth and happiness, it is discipline.
▪ Discipline is the bridge between thought and accomplishment, the glue that binds inspiration to achievement … the magic that turns financial necessity into the creation of an inspired work of art.
▪ Discipline is the foundation onwhich all success is built
▪ Discipline is the master key. It unlocks the door to wealth and happiness, culture and sophistication, high self-esteem and high accomplishment, and the accompanying feelings of pride, satisfaction, and success.
▪ Discipline attracts opportunity. Exciting opportunities invariably come to those who have developed skills and who have the ambition to act. And those who through discipline and commitment set their sights high will grab on to opportunities that forever remain unseen by more timid souls.
▪ TO MAKE PROGRESS YOU MUST ACTUALLY GET STARTED!
▪ to have a prosperous life, start a prosperity plan
▪ Success is both an accomplishment and a wisdom that comes to those who understand the potential power of life
▪ Success is a process of turning away from something in order to turn toward something better
▪ Remember, success is not a set of standards from our culture but rather a collection of personal values clearly defined and ultimately achieved.
▪ Dreams are a projection of the life we wish to lead. Therefore, when we allow them to “pull” us, our dreams unleash a creative force that can overpower all obstacles hindering the attainment of our objectives.
▪ Why are some individuals so apprehensive? Because they haven’t spent time designing their futures.
▪ those who face the future with anticipation have planned a future worth getting excited about.
▪ Dreams are wonderful, but they are not enough. The better YOU DEFINE them, the better YOU DESCRIBE them, the harder YOU WORK on achieving them, the stronger THEY PULL
▪ you have enough intelligence but not enough reasons.”
FOUR GREAT MOTIVATORS
▪ The first one is RECOGNITION. recognition is a kind of validation for their worthiness
▪ The second reason some people excel is because they like the FEELING of winning.
▪ The third great motivator is FAMILY.
▪ BENEVOLENCE, the desire to share one’s wealth, is the fourth great motivator
▪ When the great steel magnate Andrew Carnegie died, his desk drawer was opened. Inside one of the drawers was a yellowed sheet of paper. On that slip of paper, dated from the time he was in his twenties, Carnegie had written the main goal for his life: “I am going to spend the first half of my life accumulating money. I am going to spend the last half of my life giving it all away.”
▪ Carnegie was so inspired by this that he accumulated 450 million dollars (which is equivalent to 4.5 billion dollars today!).
▪ I want you to transform yourself from spectator (reader) into participant (writer).
▪ “What do I want within the next one to ten years?”
1. What do I want to do? 2. What do I want to be? 3. What do I want to see? 4. What do I want to have? 5. Where do I want to go? 6. What would I like to share?
▪ Next put the number of years you believe it will take for you to achieve or to acquire each item on your list.
▪ check to see if your goals are in balance. The key here is to develop a balance between shorter-term and longer-term goals
▪ For each, write a short paragraph which includes the following:
▪ A detailed description of what you want
▪ The reason why you want to achieve or acquire the item. If you can’t come up with a clear and convincing reason why you want it, you should categorize this item as a whim, not as a true goal, and replace it with something else.
▪ Once you have settled on your sixteen goals, copy them onto a separate sheet of paper or into a permanent journal and carry them with you at all times. Review them once a week to see if they’re still important and if you are taking active steps toward their realization
▪ the short-term goals must be related to your long-term achievements
▪ You don’t jump out of bed on Monday morning and say, “Oh, boy, another chance to go out there and scrape up enough money to pay these lousy bills.”
▪ Give a million dollars to someone who does not possess the attitude of a millionaire and that person will most likely lose it. But take away all the wealth from a true millionaire and in no time he or she will build a new fortune
▪ INCOME RARELY EXCEEDS PERSONAL DEVELOPMENT.
▪ Well, here’s what I want, but am I willing to become the kind of person it will take?
▪ YOUR ABILITY WILL GROW TO MATCH YOUR DREAMS. This is the magic of goal-setting
▪ asking starts the process of receiving. Asking is like pushing a button that unleashes incredible machinery, both intellectual and emotional.
▪ Second, receiving, the other part of the formula, is not a problem. You don’t have to work on receiving. It’s automatic. So if receiving isn’t difficult, what’s the problem? It’s failing to ask
▪ Third, receiving is like the ocean — there’s plenty
▪ UNLESS YOU HAVE GOALS, IT IS IMPOSSIBLE TO MANAGE YOUR TIME EFFECTIVELY. Productivity is a result of well-defined objectives.
▪ For a farmer, springtime is his most active time. It’s then that he must work around the clock, up before the sun and still toiling at the stroke of midnight
▪ Then comes winter when there is less for him to do to keep him busy.
▪ An important part of setting priorities is learning to separate the minors of your life from the majors. don’t spend minor time on major things.
▪ Put maximum attention to everything you do. When you write a letter, concentrate. Trying to solve a problem? Concentrate. Having a conversation? That’s right, concentrate.
▪ One of the fundamental strategies of living the good life is knowing what information you need in order to achieve your aims. And once you know what you need to know, it’s also helpful to know how to go about gathering that
▪ One of the best things Mr. Shoaff did for me in those early days was to instill in me the value of study. He said, “If you wish to be successful, study success. If you wish to be happy, study happiness. If you want to make money, study the acquisition of wealth. Those who achieve these things don’t do it by accident. It’s a matter of studying first and practicing second.”
▪ There’s a phrase in this amazing book that says, “If you search, you shall find.” So that is the way to discover new knowledge that creates new ideas. Search
There are times to act and times to reflect.
▪ At the end of the day take a few moments to review the happenings of the day — where you went, what you did, what you said
▪ Another good time to reflect is at the end of major periods such as a week, a month, or a year. At the end of the week take a few hours for reflection to ponder the events of the past seven days. At the end of a month take a day. And at the end of a year take a week … to review, ponder, and reflect on everything that has happened in your life
▪ If you’ve been doing something the wrong way for the past ten years, I wouldn’t recommend another ten. But if you can learn quickly, there is no better, more emotionally effective way to learn than from personal experience.
▪ Another way you can gain knowledge is vicariously, through other people’s experience. One list of stories is called “examples.” The message is: Do what these people did. The otherlist of stories is called “warnings.” The message is: Don’t do what these fools did. What a wealth of information
There are three ways one can go about learning from others:
▪ 1. Through published literature such as books and audio tapes or videotapes
▪ 2. By listening to the wisdom and folly of others
▪ 3. Through observations of winners and losers.
▪ ALL LEADERS ARE READERS.
▪ The Bible teaches us that humans cannot live on bread alone. It tells us that next to food, our minds and souls must be nourished by words. Unfortunately, most people suffer from mental malnutrition
▪ YOU ARE WHAT YOU READ
▪ Listening is a wonderful way to learn. Let me propose to you an outrageous idea: Choose a really successful person and take him or her out to dinner. A poor person (and we’re all poor compared to someone, no matter how well we’re doing) should invest in feeding a rich person. And then do what? That’s right — listen
▪ The third way to learn from others is to observe. Watch what successful people do
▪ The important question to ask on the job is not, “What am I getting?” Instead, you should ask, “What am I becoming?”
▪ So here’s the great axiom of life: TO HAVE MORE THAN YOU’VE GOT, BECOME MORE THAN YOU ARE. This is where you should focus most of your attention. Otherwise, you just might have to contend with the axiom of not changing, which is: UNLESS YOU CHANGE HOW YOU ARE, YOU’LL ALWAYS HAVE WHAT YOU’VE GOT
▪ Income rarely exceeds personal development.
▪ “If you took all the money in the world and divided it equally among everybody, it would soon be back in the same pockets it was before.” IT’S HARD TO KEEP THAT WHICH HAS NOT BEEN OBTAINED THROUGH PERSONAL DEVELOPMENT.
▪ So if you can’t create more time, what could you create that would make the difference in economic results? The answer is value.
▪ He gets paid twenty dollars for the value which has been placed on the hour he works. Paying by the hour is simply a convenient way to measure anticipated value.
▪ Do you want to be above-average? Then develop an above-average smile; develop an above-average interest in others; develop an above-average intensity to win.
▪ Life and commerce are like the seasons.” The second is, “You cannot change the seasons but you can change yourself.”
▪ Winter: A Time to Grow Strong. There are economic winters, when the financial wolves are at the door; there are physical winters, when our health is shot; there are personal winters, when our heart is smashed to pieces. Wintertime. Disappointments. Loneliness.
▪ Don’t wish it were easier, wish you were better. Don’t wish for fewer problems, wish for more skills. Don’t wish for less of a challenge, wish for more wisdom.
▪ Spring: A Time to Take Advantage. If you want to look good in the fall, this is the time to plant the seeds. In fact, we all have to excel at one of two things. Either we become good at planting in the spring or we learn how to beg in the fall.
▪ Summer: A Time to Take Care. Part of succeeding is learning to protect what you’ve created. And that’s the greatest lesson of summer
▪ Fall: A Time to Take Responsibility. Learn to welcome fall without apology or complaint — without apology if you’ve done well and without complaint if you’ve not
there are three self-imposed limitations you have to contend with:
▪ The first limitation is procrastination. And if we let a few things slide during the day, it doesn’t seem like such a bad day. But let enough of those days pile up and you have the makings of a disastrous year
▪ Blame is another self-imposed limitation. The ego strives to defend itself. Therefore, when we blame outside forces we don’t have to face our own weaknesses and failings.
▪ Excuses, the third self-imposed limitation, is a close relative of blame. In fact, people go to tremendous lengths to avoid facing the truth — which is that they are responsible.
▪ habits begin to change when we begin to change our perceptions.
▪ Most of us don’t experience a huge cataclysmic transformation. No, for most of us change comes as an evolutionary process of almost imperceptible changes
The Three Areas of Personal Development:
▪ Spiritual Self-Development
▪ Physical Self-Development
▪ Mental Self-Development
▪ Have you heard about the accelerated learning curve? From birth to age eighteen our learning curve is dramatic. We learn a staggering amount quickly, but as we grow older and find our niche in the marketplace, our learning curve reaches a plateau.
▪ DON’T SEND YOUR DUCKS TO EAGLE SCHOOL
The 70/30 Rule
▪ After you pay your fair share of taxes, you must learn to live on seventy percent of your after-tax income. This is important because of the way you’ll allocate your remaining thirty percent. The seventy percent you will spend on necessities and luxuries. The thirty percent? Let’s allocate it in the following ways:
▪ Of the thirty percent not spent, one-third should go to charity
▪ Capital Investment With your next ten percent of your after-tax income you’re going to create wealth. Use this ten percent to purchase your equipment, products, or equity — and get started. Here is an exciting thought! Why not work full time on your job and part time on your fortune? Why not, indeed? And what a feeling you’ll have when you can honestly say, “I’m working to become wealthy. I’m not just working to pay my bills.” When you have a wealth plan, you’ll be so motivated that you’ll have a hard time going to bed at night.
▪ Savings - The last ten percent should be allotted to savings. And through the magic of compounding, greatly aided by the new tax-free retirement programs available to every working person in this country, you can accumulate a princely sum over the years.
Ants are unique for two reasons:
▪ How long will an ant keep trying? Until it dies. An ant will never quit.
▪ The second reason ants are unique? Guess what ants plan for all summer? That’s right — winter. And how much will an ant gather in the summer to prepare for winter? All it can!
▪ When they send a rocket to the moon, they know the rocket will eventually get a little off course. The first set of guidance systems will not be enough for the whole trip. There will be need for a mid- course correction.
Time is the most precious commodity we have. Therefore, how we manage it has the most profound effect on how our lives turn out. There are four separate attitudes about time.
▪ The Drifter Mentality Drifters ignore the subject of time altogether. They choose to keep their lifestyle as unstructured as possible.
▪ The Nine-to-Five Time Manager Another group of people perhaps the majority, has adopted an attitude about time that falls somewhere between the drifter and the workaholic. These people seem to function best with a moderate level of stress. They can handle only so many projects at one time. They like to have their evenings free —to “smell the flowers” all through life.
▪ The Workaholic - He or she works ten, twelve, fourteen hours a day. The workaholic will take two jobs, working them back to back. Satisfaction only comes when sleep is fought off, enjoyment is denied, and more tasks are finished. We all know the results of this kind of behavior. While often eliciting admiration from outsiders, the workaholic’s behavior can result in the alienation of family, loss of health, and eventually a crisis of values. Ironically, the workaholic is not always the one who makes the most money. That’s because he or she is often more task-oriented than results-oriented.
▪ The Enlightened Time Manager allots time for every aspect of his life. He even allots time for drifting, by scheduling time to do nothing. Like the nine- to-five person, he knows to limit the hours of work and to have quality time for other important values, such as family. And like the workaholic, he would never be afraid to work long hours — but only when necessary
THE MASTERY OF TIME
▪ One of the best ways to start regaining control of our time is to learn the most effective time- management word. Do you know what it is? The word is “no.” Learn to say “no.” I finally learned to say no nicely. How? This is what I do. I say: “No, I don’t think I can. But if that changes, I’ll give you a call.” “Don’t let your mouth overload your back.”
▪ Another way to regain control of your day is this: When you work, work; and when you play, play. Mixing the two never works
▪ KNOW THYSELF. Each of us has a unique biological clock which daily controls the peaks and ebbs of our productivity
▪ DON’T START YOUR DAY UNTIL YOU HAVE IT FINISHED. Because each day is a priceless mosaic in your lifetime strategy for wealth and happiness, always plan your day before you start. The next key is: DON’T START THE WEEK UNTIL YOU HAVE IT FINISHED. DON’T START YOUR MONTH UNTIL IT’S FINISHED.
▪ To avoid wasting time with the wrong crowd you need to ask yourself three fundamental questions:
1. With whom do I spend time?
2. What are they doing to me?
3. Is this association okay with me?
▪ Take a rich person out for a meal. There’s no telling what you can learn in an hour or two of wealth-oriented talk.
▪ In expanding your associations, take a look at your life’s priorities. It’s called associating with a purpose.
▪ BE HAPPY WITH WHAT YOU HAVE WHILE PURSUING WHAT YOU WANT.
▪ Lifestyle, as I define it here, is a matter of awareness, values, education, and disciplined taste. It is an art that brings joy as it’s practiced. It’s the deliberate decision to savor and enjoy all the experiences and possibilities of life. Lifestyle means expanding your knowledge and experiences from the influence of books, people, films, and new adventures. So take care to enjoy and learn from everything and everyone with whom you come in contact. Lifestyle is style over amount. And style is an art — the art of living.
In the free enterprise system you must act to make things happen. Only applied knowledge counts. So how do you go about bridging the gap between knowledge and action? Is there a third component that acts as a catalyst? Fortunately, there is. It is our emotions. Which emotions cause people to act? There are four basic ones;
▪ Disgust - “I’ve had it!” I said. “I don’t want to live like this a-ny-more. I’ve had it with being broke. I’ve had it with being embarrassed
▪ Decision - Most of us need to be pushed to the wall to make decisions. Whatever you do, don’t camp at the fork in the road. Decide. It’s far better to make a wrong decision than to not make one at all.
▪ Desire - But I do know two things about desire: 1. It comes from the inside not the outside. 2. It can be triggered by outside forces.
▪ Resolve - Benjamin Disraeli, the great British statesman, once said, “Nothing can resist a human will that will stake even its existence on the extent of its purpose.” In other words, when someone resolves to “do or die,” nothing can stop him. resolve means promising yourself you will never give up. How long am I going to work to make my dreams come true?” I suggest you answer, “As long as it takes.”
▪ Knowledge fueled by emotion equals action. Action is the last part of the formula. It’s the ingredient that ensures results
▪ Why not?
▪ Why not you?
▪ Why not now?