Jim Rohn (2004 Weekend Leadership)

Financial Independence The ability to live from your personal income from invested resources
Now you can work or not work or choose
Now you work for joy and not for necessity
Economics is major. Everyone must major in Economics because:
1. Must take care of self
2. Its not what you earn but what you do with what you earn
3. All is determined by your personal philosophy
Personal philosophy guidance system
A. Helps you see the dangers
B. Helps you see the opportunities
Everything by longevity tends to get off course
Astronauts on the way to the moon had to engage in realignment to put themselves back on course. They
couldnt miss the moon.
Some destinations are critical
1. If you think its impossible, it isnt
Get Back on Track!
2. If you think you know everything,Doesnt
you donttake much to get off and even less to get back on. Milo
3. If you think youre alone, youre not
Your Philosophy of Money:
If you could do better, should you?
His mentors sat down with him and told him this:
1. You need to develop a financial statement
Assets

Liabilities

Take a picture where you

are:
Its called the Truth!

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= Current Network

2. Now we need:
A. A new philosophy
Poor people spend their money and invest whats left
The rich invest their money and spend whats left
The money is always there to spend or invest its what you do with it
Every has the money the is how you spend it
$1.00

Never spend more than 70

10 goes to charity

10 to active capital (you make the profit)

10 to passive capital (you lend to someone you know)
Its not the amount that counts its the plan that counts
Once you get into the big money then the 70 10
There is no law that you must have financial play, you must decide, choose on your own
B. Keep strict accounts
C. Be happy to pay your taxes (Everybody has to pay)
Why children have to pay taxes
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Leadership To attract attractive people you must be attractive
Be strong but not rude
Be kind but not weak
Be bold but not a bully
Be humble but not timid
Be thoughtful but not lazy
Be proud be not arrogant
Be humorous but not folly
Be witty but not silly
Major Studies:
1. Studies of possibilities (Play what if games for the future) Instead of playing If Id only
at a later date
2. Study of opportunity
3. Be a student of ability (Learn more skills)
4. Student of inevitability
5. Student of rationality (Challenge yourself to think rationally) Take input but not orders
6. Challenge yourself to do some new thinking
5 Sources of Inspiration:
1. Deciding (Especially when you start to say No matter what)
2. Planning what you decided
3. Beginning the plan (Start the first day you decided to do it) i.e. Make the first call
4. Progressing (Staying at it)
5. Financially Achieving
In development of a Leader:
Learn the Law of Faith (Imagination with Faith can build/do/create anything)
See the future and design it
See it better than it is
Make it better
There is a thin line between faith and folly

Let others lead small lives but not YOU

My heritage is why Im wealthy
My experiences are why Im wealthy
Im wealthy because of my friends and associates
The teachers that came my way
My future
Relationships that are extraordinary
Learn to help others not just with their jobs but also their lives
Work on your gifts and try will make room for you