Jim Rohn
Capital Investment With your next ten percent of your after-tax income you’re going to create wealth. This is money you’ll use to buy, fix, manufacture, or sell. The key is to engage in commerce, even if only on a part-time basis. (Location 1186)
Use this ten percent to purchase your equipment, products, or equity — and get started. There is no telling what genius lies sleeping inside you waiting to be awakened by the spark of opportunity. (Location 1200)
Why not work full time on your job and part time on your fortune? (Location 1202)
The last ten percent should be allotted to savings. (Location 1205)
But beyond giving them an allowance, you can show your kids how to enter the realm of true enterprise. For example, kids ought to have two bicycles — one to ride and one to rent. This way they can begin to understand the world of commerce. (Location 1210)
Here’s another idea. Show children how to buy a bottle of soap for two dollars and sell it for three dollars — right in the neighborhood. (Location 1214)
Poor people spend their money and save (Location 1269)
what’s left. Rich people save their money and spend what’s left. It’s the same amount of money (Location 1270)
The major role of grandparents should be to teach their grandchildren how to be wealthy, cultured, and happy “just like us.” (Location 1290)
If you are not financially independent by age forty or fifty, it doesn’t mean that you live in the wrong country. It doesn’t mean that you live in the wrong community. Nor does it mean that you live in the wrong time or that you’re the wrong person. It simply means that you have the wrong plan. (Location 1293)
Financial independence? You can achieve it. Why not start today? All it takes is the discipline to apply the 70/30 rule to your life. Young or old, it’s never too late to get on the right track. (Location 1343)
Drifters ignore the subject of time altogether. They choose to keep their lifestyle as unstructured as possible. They let their lives meander aimlessly, like tumbleweed in a light desert wind, enjoying the uncertainty and spontaneity that accompanies such a life. (Location 1371)
You can’t drift your way to a better life. (Location 1378)
There’s a limit a person should pay for financial and career success. And that limit comes when other important values are sacrificed at the altar of material success. (Location 1396)
The Enlightened Time Manager The fourth and most enlightened approach to time borrows from the other three. The enlightened time manager allots time for every aspect of his life. (Location 1408)
For example, you can leverage money by borrowing wisely to purchase real estate or to build a business. You can leverage time by multiplying your efforts through the recruitment of an expanding sales force or by delegating less productive work to competent employees. (Location 1415)
Here’s a key to understanding the management of time. Either you run your day or your day will run you. It’s really a matter of deciding to be in charge. You see, it’s much too easy to relinquish control, to hand over the reins of authority and lose the ability to direct time. One of the best ways to start regaining control of our time is (Location 1419)
to learn the most effective time-management word. Do you know what it is? The word is “no.” Learn to say “no.” (Location 1421)
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.” (Location 1425)
Another way to regain control of your day is this: When you work, work; and when you play, play. Mixing the two never works. All you end up doing is cheating yourself both ways. If you work and play at the same time, you’ll miss the joy that comes from great accomplishment and the complete release that is the gift of pure play. (Location 1428)
Next, analyze your habits. For example, if you’re not good at keeping your paperwork up to date or if you’ve promised yourself for years to keep better records and balance the checkbook and you still haven’t done it — accept it, and get someone to help you. You’re not likely to change. Your weaknesses don’t have to harm you if you learn to delegate (Location 1448)
responsibilities. This, too, is part of creative time management. (Location 1451)
BE HAPPY WITH WHAT YOU HAVE WHILE PURSUING WHAT YOU WANT. (Location 1727)
“On the other hand, if you master the art of lifestyle and happiness, more money will help you to amplify your happiness and inner wealth.” (Location 1755)
So remember the quest. It’s to have the best in the time available to us. It’s not the amount, it’s the value. (Location 1760)
The next time you have a special meal at a restaurant, ask the waiter or waitress to come to your table, put your arm on his or her shoulder, and say, “Here’s five dollars. Would you (Location 1794)
take good care of me and my friend?” (Location 1795)
I don’t have much advice to give you about decision-making, except this: 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. Each of us must confront our emotional turmoil and sort out our feelings. (Location 1859)