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Blink 3 of 8 - The 5 AM Club
by Robin Sharma
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7 Strategies for Wealth & Happiness summary
Jim Rohn
Power Ideas from America's Foremost Business Philosopher
20 mins
Brief summary
"7 Strategies for Wealth & Happiness" by Jim Rohn is a guide to achieving success and happiness through personal development. It offers practical advice on goal setting, time management, and building relationships, emphasizing the importance of taking responsibility for one's own life.
Table of Contents
7 Strategies for Wealth & Happiness
Summary of 7 key ideas
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Key idea 1 of 7
Setting clear goals will help you discipline yourself and create structure.
Think back to the last time you completed one of your goals or crossed an item off your to-do list. What happened afterward? Inevitably, another task cropped up to take its place.
While this may seem frustrating, it’s ultimately a good thing. You don’t want to have just one goal at a time, because after you achieve it, you could be left lost and aimless.
Consider the Apollo astronauts after they returned from their life-changing trip to the moon. Sadly, several of the astronauts fell into depression because they no longer had anything to strive for. Nowadays, as part of their mandatory training, astronauts develop goals to work toward after their missions are complete.
You too should have goals. To get started, it’s important that you set aside some time to work on them. Try the following journaling exercise to help you visualize your long-term goals and get you thinking about how to achieve them.
Grab a notebook and think about what you want to accomplish in the next one to ten years. Then write down a list of those goals as quickly as possible. Try for around 50 goals in total.
After your list is complete, assign each goal to one of four categories based on how long you think it will take to accomplish: one, three, five or ten years.
Next, balance your list so you don’t have too many goals in any one category. Remove items from categories that have too many goals and add new goals to categories with too few.
Then circle the four most important goals from each category. You should now have a list of 16 goals in total.
Finally, write one paragraph about each goal. In the first half of each paragraph, describe exactly what the goal is. If it’s a product you want to purchase, for example, write down the model, color, cost and any other significant details. Then, in the second half of the paragraph, write down why you want to achieve each goal. If you can’t think of a strong enough reason, it’s possible this particular goal isn’t worth your time. In that case, consider replacing it with a different goal.
After you’ve refined your list, you’ll be able to refer back to it to check your progress and review which goals are still important to you and which aren’t.
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What is 7 Strategies for Wealth & Happiness about?
7 Strategies for Wealth & Happiness (1985) lays out an inspiring approach to developing your full potential through discipline and action. Instead of offering get-rich-quick schemes, it reminds us that success is a direct result of our own efforts to improve ourselves. More than that, it shows that a fulfilling lifestyle is not just about wealth – it’s about getting rid of old ways of thinking and adopting a positive mindset.
Best quote from 7 Strategies for Wealth & Happiness
Unless you have goals, it is impossible to manage your time effectively.
—Jim Rohn
Who should read 7 Strategies for Wealth & Happiness?
- Employees who feel stuck in a rut
- Goal-setters having a hard time making progress
- Anyone seeking ways to achieve success and improve their lives
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