Jim Rohn’s 5 Money Principles

Pretty PennyThe late Jim Rohn attained financial success. He then taught others the basic principles he used to do so. He first learned those principles from a wealthy mentor.

The principles are time-proven. You will find them in most good books on personal finance. They are worth reviewing.

  1. Develop the right mindset

View debt as your enemy and oppose it ruthlessly. Get out of debt and avoid debt. Save money and invest it. Build wealth over time. It is not a sprint, it is a long distance run.

  1. Gain more understanding

You have to know where you are before you can get to where you are going. You need to study your finances and keep constant track of your income and expenses. Once you know where you are then you can map out your goals for where you want to be.

  1. Seek help

When you are sick you see a doctor. When you have financial problems you need to seek help as well from a good financial advisor.

  1. Get control

No one else will fix your financial problems or make you successful. You must take control. You must limit your purchases and eliminate your debt. You must save for the future.

  1. Create a plan

To get out of debt and to build wealth for the future you need a plan. Once you create the plan, write it down and then work that plan. Refer to it constantly. Use it to guide your financial decisions. Financial success does not just happen, it must be intentional, it must be planned and executed.

Read the rest of Rohn’s article here.

Learn how to manage your money, eliminate debt and build wealth in my book, Your Financial Success.

Learn more about Jim Rohn and his teachings on personal development and creating wealth here.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.