Jim Rohn Three Keys To Greatness — Transcript
Full transcript
- 0:14hi everybody
- 0:16hi everybody i'm jim rohn
- 0:18uh what a pleasure it is for me to come
- 0:20and visit with you for just a few
- 0:22minutes here today
- 0:23uh tell you briefly a little bit about
- 0:26my story and share some ideas that might
- 0:28be beneficial
- 0:30i've lectured in some high school
- 0:33classrooms in california and arizona and
- 0:36some universities and colleges
- 0:39pepperdine university
- 0:41san diego state
- 0:43arizona state university
- 0:45and so i've had a chance to talk to kids
- 0:48that are interested in themselves and
- 0:49interested in their future
- 0:51interested in
- 0:52america interested in what they can do
- 0:55with their lives
- 0:56and listening to uh stories that might
- 0:58be beneficial
- 1:00and i don't have a chance to you know
- 1:02visit all of the schools and
- 1:03universities around the world so this is
- 1:06a great chance for me
- 1:08uh by video to have a chance to tell you
- 1:10my story
- 1:12uh just briefly let me tell you my story
- 1:14i grew up in idaho farm country
- 1:17my father still lives on the old
- 1:19homestead where i grew up southwestern
- 1:21idaho
- 1:22he'll be 91 his next birthday
- 1:25and i'm very proud of him
- 1:28i went to high school i graduated i went
- 1:30to college one year
- 1:32halfway through my second year i decided
- 1:34i was smart enough so i quit
- 1:36one of my major mistakes i should have
- 1:39stayed in school
- 1:40but i thought you know heck i'm smart
- 1:42enough to get a job and back then i
- 1:44thought you know that was it if you're
- 1:45smart enough to get a job what else
- 1:47would you need
- 1:48found out later
- 1:49a big mistake
- 1:51but anyway i quit school at age 19 went
- 1:54to work a little while later persuaded a
- 1:56beautiful young lady to marry me
- 1:59with a lot of fancy promises
- 2:01and fortunately for me we got married
- 2:04a little while later i started my family
- 2:07and i'm out there working hard doing the
- 2:09best i thought i could
- 2:11but year by year i kept falling a little
- 2:13further behind
- 2:14uh you know buying a little more than i
- 2:17could conveniently pay for on time
- 2:19and uh
- 2:21the creditors are finally starting to
- 2:22call saying hey you told us the check
- 2:24was in the mail
- 2:26i'm not feeling at all good about that
- 2:29about age 25
- 2:31i've got pennies in my pocket i've got
- 2:33nothing in the bank
- 2:35and way behind on my big mouth promises
- 2:38to my family
- 2:40and wondering what could i do to make my
- 2:42life better
- 2:43i was willing to work hard that was not
- 2:45my problem
- 2:46but i just wasn't making the progress i
- 2:49wanted to make
- 2:50and then good fortune came my way
- 2:53sometimes it's difficult to describe
- 2:55good fortune why something remarkable
- 2:57happens to you at a particular time
- 3:00one of my friends says well hey things
- 3:01don't just happen
- 3:03things happen just
- 3:05and maybe that's it i don't know but my
- 3:07good fortune was i had a chance to meet
- 3:09a very wealthy man his name was mr chef
- 3:12mr earl schoff
- 3:13a friend of mine had gone to work for
- 3:15him
- 3:16and he started telling me about this man
- 3:17he said you got to meet this man he's
- 3:19rich but he's easy to talk to
- 3:21and he's got a remarkable philosophy of
- 3:23life
- 3:24and he kept going on and i thought well
- 3:27i've got to meet this man
- 3:28so shortly after that i had a chance to
- 3:30meet this mr chef
- 3:32and i was impressed he was rich
- 3:35he was easy to talk to
- 3:37within a few minutes i was dazzled
- 3:40and i said to myself i would give
- 3:42anything if i could be like that
- 3:44rich and easy to talk to what would it
- 3:46take
- 3:47and then i thought
- 3:49if i could just get around somebody like
- 3:51him
- 3:52and if he would teach me and coach me
- 3:54i would do it all
- 3:56and that was my good fortune a few
- 3:58months later this wealthy man mr chef
- 4:00hired me and gave me a job
- 4:03and i went to work for him and i spent
- 4:04the next five years in his employ
- 4:08and then unfortunately at age 49 he died
- 4:11but i got to spend five years with this
- 4:14remarkable man his last five years of
- 4:16his life and the first five years of my
- 4:19new life
- 4:20and my dream came true during that
- 4:22five-year period
- 4:24this man took the time to teach me and
- 4:27coach me he taught me the books to read
- 4:29he taught me the disciplines and he
- 4:31taught me the skills
- 4:33and he taught me the changes to make in
- 4:35my language and personality
- 4:38and the things he shared with me during
- 4:39that five years
- 4:41changed my whole life changed my income
- 4:43changed my bank account
- 4:45changed my future
- 4:47i've never been the same
- 4:49by the time i was 31 years old i was a
- 4:51millionaire
- 4:52so he taught me economics as well
- 4:55so how lucky can you get to meet the
- 4:57right person at the right time
- 5:00who takes the time to share with you
- 5:01ideas that can change your life
- 5:04a lot of rich people right don't take
- 5:05the time but he did and he also had the
- 5:08ability
- 5:09some people want to share their
- 5:11experiences but they don't quite know
- 5:12how to say it but he had it all
- 5:14and he used language that i could
- 5:16understand
- 5:17and those ideas greatly affected my life
- 5:22i wish he was still alive today if he
- 5:24was i'd be calling him today one more
- 5:26time thanking him
- 5:28for the time he spent with me sharing
- 5:30his life and his experiences that so
- 5:32dramatically affected my life
- 5:35then how i really came to be invited to
- 5:37speak to you today
- 5:4030 plus years ago i was living in
- 5:41beverly hills california
- 5:44and a friend of mine one day said
- 5:46jim you've got to come and tell your
- 5:47story to my service club he belonged to
- 5:50the rotary club
- 5:51and he said i know your story idaho farm
- 5:53boy makes it to beverly hills
- 5:56but he said i know my club members would
- 5:57love to hear your story would you come
- 5:59and
- 6:00and at our breakfast meeting and tell
- 6:01your story and i said okay
- 6:04so i arranged a little talk went and
- 6:05shared my story that morning and guess
- 6:07what
- 6:08they liked it
- 6:10and my phone rang another club called
- 6:12and said would you come and tell us that
- 6:13story
- 6:14my phone rings another club call said
- 6:17we've heard about your story we have a
- 6:18luncheon meeting would you come share
- 6:20your story
- 6:21first thing i know i'm spending a little
- 6:23piece of my time
- 6:24giving these breakfast talks and
- 6:26luncheon talks
- 6:28and then one day a man who heard my talk
- 6:30about three times said would you come
- 6:32and talk to my management and sales
- 6:34people he said i've got this little
- 6:35company going
- 6:37and see if you he said if you would
- 6:38spend some time talking with my
- 6:41management and sales people i'd be happy
- 6:42to pay you
- 6:44and i thought wow wouldn't that be
- 6:46something
- 6:48tell my story and my experiences and get
- 6:50paid he said i'd be happy to
- 6:52little did i know that was the beginning
- 6:55of a whole new
- 6:56brand new adventure for me
- 6:59in sharing my story and speeches and
- 7:01talks and seminars and lectures
- 7:04and now this business become one of my
- 7:07most flourishing enterprises takes me
- 7:09around the world
- 7:10i went to many countries just this year
- 7:12had my largest audience early this year
- 7:15in spain
- 7:16twelve thousand people
- 7:18uh ten different languages being
- 7:20translated at the same time
- 7:22the whole audience with the earphones on
- 7:25it's interesting when you lecture with
- 7:27multi-languages you know when you hit
- 7:30the punch line you know the spanish
- 7:31laugh first and then the french get it
- 7:33and then finally the italians get it and
- 7:35last the germans finally get it
- 7:38and then i say hey the germans finally
- 7:40got it i guess we can continue
- 7:42you know some languages take long longer
- 7:44to translate than other languages
- 7:47but what an exciting adventure for me i
- 7:49was in israel this year
- 7:51i lectured in france my first trip to
- 7:54prague czechoslovakia
- 7:57lisbon portugal
- 7:59last year i was in london lecturing
- 8:02happened to be there the same night
- 8:03pavarotti was singing in london
- 8:06so big dilemma for the people in london
- 8:09shall we go see jim rohn or shall we go
- 8:11listen to pavarotti
- 8:13well i must admit he had more people
- 8:15than i did like a hundred and fifty
- 8:17thousand more
- 8:18he did a free concert in hyde park
- 8:21and they expected a quarter of a million
- 8:23but only a hundred and fifty 000 showed
- 8:25up because it rained
- 8:27and they all got soaked from prince
- 8:29charles on down but they sat in the rain
- 8:31and listened to pavarotti
- 8:34i would have been happy that evening
- 8:36right to cancel my seminar and go sit in
- 8:38the rain and listen to pavarotti anyway
- 8:41he and i have agreed now not to appear
- 8:43in the same city on the same day anymore
- 8:46not really but
- 8:47how exciting for me to be able to travel
- 8:50all around the world and share my story
- 8:53and then especially to have this chance
- 8:54today to come and visit with you
- 8:57and when i get a chance to speak at a at
- 8:59a high school class or a university
- 9:02class i'm always excited about it
- 9:04i'm limited in time so i wanted to use
- 9:06this way to come and share my story with
- 9:10you and some ideas that might be helpful
- 9:14in your career for the future
- 9:16in your now busy life as a student
- 9:20and then wherever you find yourself in
- 9:21the years to come
- 9:23some of the things i'm going to share
- 9:24with you i want you to remember for a
- 9:26long long time because the ideas i want
- 9:28to translate for you
- 9:29drastically affected my life
- 9:32and if i can share now and affect your
- 9:34life and you write me a letter
- 9:36or tell me in person someday mr rohn i
- 9:38listened to your video and i watched it
- 9:40carefully and sure enough some of the
- 9:42ideas that you shared
- 9:44greatly affected me and here's what's
- 9:45happened to my bank account here's what
- 9:47happened to me in school here's what's
- 9:49happening to my future that'll give me
- 9:51great great satisfaction
- 9:54so the man who shared with me ideas that
- 9:56changed my life i want to share with you
- 9:58three of those basic subjects
- 10:00uh when i met him i was 25 years old
- 10:04and uh when i first got acquainted with
- 10:06him i used a lot of excuses as to why i
- 10:09wasn't doing well
- 10:10and he said well tell me a little bit
- 10:12about your story and i told him you know
- 10:14i was behind on my bills had pennies in
- 10:17my pocket nothing in the bank
- 10:19that i was embarrassed about being
- 10:21behind on my big mouth promises to my
- 10:23family
- 10:24and then he gave me one little simple
- 10:26phrase
- 10:27that really forever changed my life and
- 10:29here's what he said mr rohn if you want
- 10:32the future to change for you
- 10:34you've got to change
- 10:36and he said if you don't change the next
- 10:38six years of your life is going to be
- 10:40just like the last six
- 10:42you'll still be behind on your bills
- 10:43you'll still
- 10:44be behind on your promises
- 10:46but then he gave it to me in the form of
- 10:48a promise when i was 25 years old i've
- 10:51remembered it all these years
- 10:53and i've shared this promise now with
- 10:55probably over 3 million people
- 10:57in the last 30 plus years and it's going
- 11:00to be valid for you so listen carefully
- 11:02to this promise my teacher said to me
- 11:05young man if you will change
- 11:08everything will change for you
- 11:10if you will get better
- 11:12everything will get better for you
- 11:14what a clear message that was for me
- 11:17he said if you'll change your philosophy
- 11:18if you'll change your habits
- 11:20if you'll refine your thinking
- 11:22if you'll change and accept some new
- 11:24disciplines
- 11:25if you'll turn the corner where you've
- 11:27been in the past go for a new life for
- 11:29the future he said all kinds of
- 11:31remarkable things will happen for you if
- 11:33you will change
- 11:36before i met mr show if i used to cross
- 11:37my fingers and say i sure hope things
- 11:39will change
- 11:41i was hoping the government would change
- 11:42and the tax structure would change and
- 11:44that my boss would change and pay me
- 11:46more money
- 11:48i was hoping that you know
- 11:50economics would change and prices would
- 11:52come down
- 11:54and i was hoping that circumstances
- 11:56would get better
- 11:58and then i discovered from my teacher
- 12:01that those things are going to continue
- 12:02the same
- 12:03in fact all of those things that
- 12:05happened to us
- 12:06is kind of like the wind that blows
- 12:11and the wind blows on us all
- 12:14in fact in america especially
- 12:17the last six and a half thousand years
- 12:19of recorded history we've got probably
- 12:20the most favorable wind that's ever
- 12:22blown economics
- 12:24and circumstances living in a free
- 12:26country
- 12:28democracy and freedom
- 12:30uh an excellent economy
- 12:33sure we struggle at times but compared
- 12:35to the rest of the world in the last six
- 12:36and a half thousand years we've got the
- 12:38best wind ever
- 12:39but if you just let the wind blow
- 12:41i'm telling you it won't take you where
- 12:43you want to go
- 12:44all of us
- 12:45must use this wind to take us to the
- 12:47dreams we've got
- 12:49to the equities we want to the money we
- 12:51want to the income we want
- 12:54and to all the things we want our life
- 12:56to have
- 12:57this is where we want to go and we've
- 12:59got a good wind
- 13:01but we must not leave our future just to
- 13:03the wind just to the economy uh just to
- 13:06the structure of the way things are
- 13:07happening today here's what we must
- 13:09learn to do
- 13:10and that is set a good sale
- 13:14and if you'll learn to set a good sale
- 13:16and that's what my teacher taught me in
- 13:17those early days he said mr own the wind
- 13:19is going to blow however it's going to
- 13:21blow
- 13:22politics are going to be politics and
- 13:24the economy is going to be the economy
- 13:26and however it turns out that's the way
- 13:28it's going to be what you must learn to
- 13:30do is not to wish for a better wind
- 13:34that's naive the key is to wish for the
- 13:36wisdom and the skills and the learning
- 13:39so that you can set
- 13:40a better sail and so that's what i did
- 13:43at age 25 i went to work not on the
- 13:46economy
- 13:47i went to work not on the community i
- 13:50didn't go to work to try to change the
- 13:51government i didn't go to work to try to
- 13:53change my boss or the company
- 13:55i didn't go to work to try to change
- 13:57circumstances i went to work to try to
- 13:59change myself
- 14:01and i picked up that promise my teacher
- 14:03shared with me that if i would change my
- 14:06income would change if i would change my
- 14:08bank account would change
- 14:10if i would change my future would change
- 14:12and sure enough his promise came true
- 14:15for me
- 14:16the first six years of my economic life
- 14:18i wound up broke those pennies in my
- 14:20pocket nothing in the bank behind on my
- 14:22promises
- 14:23the second six years of my economic life
- 14:26i wound up rich
- 14:28but interestingly enough the second six
- 14:30years of my economic life the government
- 14:31was about the same and the economy was
- 14:33about the same
- 14:35you know the companies were about the
- 14:36same what they paid was the same
- 14:38uh circumstances around me were the same
- 14:41you know my negative relatives were the
- 14:43same but i was not the same
- 14:46that's how my life changed and that's
- 14:48how
- 14:49things started working for me
- 14:51uh changing my life all those years ago
- 14:54so that's what i wanted to share with
- 14:55you to begin with this beginning of what
- 14:58mr show shared with me that if i wanted
- 14:59my life to change
- 15:01this was what i was going to have to do
- 15:03and so he broke it down into three
- 15:05subjects
- 15:07that really made an impact on my life
- 15:09and i want to share those with you
- 15:11the first subject he called
- 15:14personal development
- 15:17and the second subject he called setting
- 15:19goals
- 15:21and the third was how to become
- 15:23financially
- 15:25independent
- 15:27and i'd like to give you just a few
- 15:28clues
- 15:30from those three major subjects that so
- 15:32dramatically affected my life
- 15:35and let's get started the first one
- 15:38is personal development
- 15:40now in illustrating personal development
- 15:46mr shelf my teacher started with
- 15:49money
- 15:50you know money is not the only place to
- 15:52start in talking personal development
- 15:57but it's where he started so let me
- 15:59share the thoughts he shared with me
- 16:00back then let me share them with you
- 16:03here's the best lesson i can give you
- 16:06on economics it's very simple we get
- 16:09paid for bringing value
- 16:12to the marketplace
- 16:14that's about as simple as i can put
- 16:16economics we get paid for bringing value
- 16:19to the marketplace
- 16:21now it takes time to bring value to the
- 16:24marketplace
- 16:26however
- 16:28we do not get paid for time
- 16:30so we cross that out
- 16:33mistakenly the man says i'm making about
- 16:35twenty dollars for an hour not true
- 16:38if that was true you could just stay
- 16:39home right and have them send your money
- 16:42so that's not true we don't get paid for
- 16:44time we get paid for value
- 16:46brought to the marketplace
- 16:48now since that's true here's one of the
- 16:50key questions of my
- 16:52talk to you today is it possible to
- 16:54become twice as valuable
- 16:56to the marketplace
- 16:58and make twice as much money in the same
- 17:01time is that possible the answer is yes
- 17:04could you become three times as valuable
- 17:07as you might be right now to the
- 17:08marketplace and make three times as much
- 17:10money in the same time and the answer is
- 17:12yes five times ten times of course
- 17:16america is unique it's a ladder decline
- 17:19it starts down here let's say at five
- 17:20dollars an hour and it keeps going up
- 17:25top income last year
- 17:2780 million dollars
- 17:29the guy who runs coca-cola
- 17:32now that's a heck of a ladder that's why
- 17:34everybody wants to come here
- 17:36right the boat people are not headed for
- 17:37vietnam
- 17:38uh people haven't plotted in scheme for
- 17:4050 years saying if i could just get to
- 17:42poland everything would be okay
- 17:44not true everybody wants to come to
- 17:46america and the reason is because we've
- 17:48got the best wind ever
- 17:50blowing in our favor we've got the best
- 17:53economic opportunity anybody's had in
- 17:55six and a half thousand years
- 17:57and all you have to do is understand it
- 17:59and take advantage of it
- 18:01now there's some key questions to ask
- 18:03here why would the marketplace pay
- 18:04someone
- 18:06only five dollars an hour
- 18:09very simple answer
- 18:11they're not very valuable to the
- 18:12marketplace now we must underline to the
- 18:15marketplace
- 18:16this person might be a very valuable
- 18:18brother yes member the family valuable
- 18:21yes
- 18:23valuable member of the church of course
- 18:25valuable citizen of the country yes
- 18:29valuable in the sight of god no doubt
- 18:31we're all of equal value in the sight of
- 18:33god
- 18:34but if you're not very valuable to the
- 18:36marketplace
- 18:37you don't get much money
- 18:40you say well it shouldn't be that way
- 18:42well then you've got to start your own
- 18:43country you know this one's been in
- 18:45process for 200 years and this is the
- 18:47best we've been able to come up with so
- 18:48far
- 18:50but here's the key you don't have to
- 18:52stay here
- 18:53now there was a big debate in congress
- 18:55last year that this five dollars was not
- 18:57enough should be six should be six
- 18:59should be six
- 19:00but we don't need legislation six is
- 19:02already on this ladder
- 19:05the next step up
- 19:07you know if you work for mcdonald's
- 19:09they'll pay you five dollars an hour to
- 19:10take out the trash if you whistle while
- 19:12you take out the trash they'll pay you
- 19:13six dollars an hour
- 19:15so we don't need that legislation you
- 19:17just need to take lessons on how to
- 19:18whistle have a good attitude
- 19:21now as you begin to climb this ladder
- 19:23why would the marketplace pay some
- 19:25people fifty dollars an hour
- 19:28answer evidently
- 19:30they must be more
- 19:32valuable to the marketplace
- 19:35ten times more valuable
- 19:37and is that possible for someone to be
- 19:39ten times more valuable and earn fifty
- 19:41dollars an hour instead of five the
- 19:43answer is yes that's what america is all
- 19:45about
- 19:47now why would the marketplace pay some
- 19:49people
- 19:51five hundred dollars an hour
- 19:53evidently
- 19:55this person must be
- 19:57much more valuable to the marketplace
- 20:00that's what's important to understand to
- 20:01the marketplace
- 20:04and would the marketplace pay one person
- 20:0680 million dollars for one year's work
- 20:09and the answer is of course
- 20:11if you helped a company make a billion
- 20:14dollars would they pay you 80 million
- 20:16i'm telling you it is possible
- 20:19and that's why america is so exciting
- 20:21that's why this financial ladder is so
- 20:24exciting
- 20:25it's possible
- 20:26for all of this to come true for all of
- 20:28you no matter where you start as a
- 20:30student in school
- 20:31just getting started out there in the
- 20:33workplace
- 20:34this is all possible for you
- 20:36now mr shelf gave me the clue
- 20:39on how to climb this ladder as high as i
- 20:42wanted to climb
- 20:44now we're talking primarily economics
- 20:46here there's a lot of other ways to
- 20:47become valuable to your family valuable
- 20:49to your friends valuable to the
- 20:51community
- 20:52valuable to the team
- 20:54right valuable to the to the
- 20:57team effort valuable to the concert
- 21:00but here's what he said to me in
- 21:02climbing this ladder economically all
- 21:04you have to do is work harder
- 21:06on yourself
- 21:08than you do
- 21:09on your job
- 21:11once i heard that it made sense to me
- 21:15i kept hoping that everything else would
- 21:16change around me found out that if i
- 21:19went to work on myself worked on my
- 21:21skills
- 21:22worked on my language if i became better
- 21:25than i was each year if i grew in skills
- 21:29and language and vocabulary and
- 21:31competence then
- 21:33i would become attractive to the
- 21:35marketplace
- 21:36not very long ago a company called me
- 21:38and said mr owen we're expanding
- 21:40internationally
- 21:41we'd like to have a bit of your
- 21:42expertise to help us
- 21:44would you give us a bit of your time
- 21:46we'll add some millions to your fortune
- 21:48and i said okay
- 21:50and i thought later isn't that
- 21:52interesting they would call me then my
- 21:54second thought was of course they'd call
- 21:55me who else would they call i can get
- 21:58the job done
- 21:59now what a contrast for me farm boy from
- 22:02idaho raised in obscurity parents of
- 22:04modest means broke when i was 25
- 22:07how come i would get a telephone call
- 22:09and someone offered me a lot of money to
- 22:11help them in expanding around the world
- 22:13simple answer evidently
- 22:16something happened to me between age 25
- 22:19and where i am today
- 22:21and i can tell you where it all started
- 22:23from my teacher mr schoeff who said to
- 22:25me we don't have to change what's going
- 22:27on out there that's the wind that's
- 22:29blowing
- 22:30all we have to do is change what's going
- 22:32on in here
- 22:34and now there's several ways to do that
- 22:36on personal development and let me give
- 22:39you those ways
- 22:40here's the first one
- 22:42we must learn from personal experience
- 22:47pretty simple learn from what happens to
- 22:50you
- 22:51take a look back over the last few
- 22:52months did you make some mistakes how
- 22:54could you correct those for the future
- 22:56take a look back over the last year have
- 22:58you done it right or done it wrong
- 23:00let's correct it for the next year
- 23:03learn from your personal experience mr
- 23:05chef asked me when i first met him he
- 23:06said mr owen how are you doing you've
- 23:08been out there now six years and i said
- 23:11i'm not doing very well he said i
- 23:13suggest you not do that anymore
- 23:16what a simple swift analysis to my
- 23:18situation
- 23:19he said if you keep doing it the next
- 23:20six years will be like the last six you
- 23:22don't want that to happen let's make the
- 23:24changes
- 23:25so learn from your personal experience
- 23:27now here's number two why i came to
- 23:29share this video experience with you
- 23:31today
- 23:32and that i call it ope other people's
- 23:37experiences
- 23:39that's me
- 23:40other people that's your teacher
- 23:43other people
- 23:44that's your friends and colleagues other
- 23:46people the people you meet that can pass
- 23:49along to you their experiences
- 23:51what's happened to them the mistakes
- 23:53they made how they corrected them how
- 23:55they change their health and change
- 23:56their bank account and change their
- 23:58income and change their future that's it
- 24:00other people
- 24:02now there's two kinds of people to learn
- 24:03from one is failures
- 24:06it's too bad failures don't give
- 24:08seminars right that would be valuable
- 24:10bring your notebook
- 24:12have them tell you how they lost it all
- 24:14and threw it all away threw their health
- 24:16away and threw their friendships away
- 24:17and things didn't work out well
- 24:19that would be valuable
- 24:21but now then we must also learn from
- 24:23positive people that have done well
- 24:26they've got the health and so we asked
- 24:27them how did you become so healthy
- 24:29they've got the skills so we asked them
- 24:31how did you become this skillful
- 24:33they've got the income so we ask them
- 24:35how did you get here in such a short
- 24:36period of time
- 24:38so now here's what's important in
- 24:40personal development
- 24:41in learning from other people we learn
- 24:43number one by observation
- 24:47we learn what we see we watch
- 24:50people that are successful in what they
- 24:51do
- 24:52in sports we watch their disciplines
- 24:55in business we watch their disciplines
- 24:58by observation what we can see the
- 25:01reason i created this video is something
- 25:02that you could see someone's experiences
- 25:05translated for you
- 25:07second we learn by what we hear
- 25:10i've got some of my
- 25:12uh lectures on cassette tape so you know
- 25:15you can take them with you wherever you
- 25:16go
- 25:17and
- 25:18learn by listening turn your car into a
- 25:21mobile classroom
- 25:22and listen
- 25:24and then listen to the sermon on sunday
- 25:26morning listen to the lectures listen to
- 25:28the teacher listen to someone who's got
- 25:30something good to say
- 25:32and then number three is vitally
- 25:34important on personal development and
- 25:36that is read all the books
- 25:38all the books you can possibly read in
- 25:40your lifetime
- 25:42mr chef got me started on my library
- 25:44i've got one of the better libraries
- 25:46haven't read everything in it but i feel
- 25:48smarter just walking in it by library
- 25:51at least i was smart enough to buy it
- 25:53now i got to be smart enough to read it
- 25:55then of course i got to be smart enough
- 25:56to decide what's valuable and then do it
- 25:59but this one is very important become a
- 26:01good reader
- 26:02some books that helped change my life mr
- 26:04schoff recommended of course the bible
- 26:07and my parents made sure i was a pretty
- 26:08good scholar by the time i was 18
- 26:11that's been so beneficial for me drawing
- 26:13from those illustrations
- 26:15uh reading about those stories people
- 26:17who made it and people who didn't make
- 26:19it and what the difference was
- 26:21and then other books that helped to
- 26:23really change my life one called think
- 26:25and grow rich
- 26:26by napoleon hill
- 26:29and then a book that helped me become
- 26:30financially independent by the time i
- 26:32was 31 and that book is called the
- 26:34richest man in babylon
- 26:37by george clayson and i'm going to share
- 26:38a little bit of that book with you when
- 26:40i get to financial independence today
- 26:42our third subject
- 26:44but i started reading the books
- 26:46attending the classes
- 26:48making sure that i got in front of
- 26:51people that had something good to say
- 26:54and then i started keeping a journal one
- 26:56of the major things my teacher taught me
- 26:58was to keep a journal
- 27:00he said don't trust your memory
- 27:02if you hear something good just make a
- 27:03little note and write it down now at
- 27:06first i took you know notes on pieces of
- 27:08paper and torn off corners and backs of
- 27:10old envelopes
- 27:11and it didn't serve me well you know
- 27:13thrown in a drawer then i learned to
- 27:15keep
- 27:16a journal
- 27:17a bound copy of all my notes so i would
- 27:20suggest you do the same
- 27:22things that impress you a poem that
- 27:24impresses you when you attend a class
- 27:27some of the ideas that impressed you jot
- 27:29them down
- 27:31you read something in a magazine right
- 27:33some ideas take those out put them in
- 27:35your journal keep a good journal the
- 27:36rest of your life this will serve you
- 27:38well my journals make up a significant
- 27:40portion of my own library
- 27:43and if you saw my library and saw my
- 27:45journals i tell you what you'd have to
- 27:46say
- 27:47this
- 27:48is the library and these are the
- 27:50journals of a very serious student no
- 27:51wonder mr rohn is invited to lecture and
- 27:54speak on his experiences around the
- 27:55world so i want the same thing to happen
- 27:57to you value captured
- 28:00that you can resort to later go back
- 28:02over it and review it and let it become
- 28:04valuable to you
- 28:06so that's my first subject personal
- 28:08development
- 28:09work harder on yourself than you do on
- 28:11your job
- 28:12develop the skills
- 28:14learn the lessons take the classes
- 28:17absorb all that is being taught to you
- 28:20these days
- 28:21and then later on of course you can sort
- 28:23it out what's valuable to you and how to
- 28:25refine it for your business and for your
- 28:27life and for your future but the main
- 28:29thing is to get it and start this
- 28:30process of personal change personal
- 28:33development and let me say it one more
- 28:35time if you will change
- 28:37everything will change for you you'll
- 28:39never be the same you'll keep growing as
- 28:42you look back on a few months look back
- 28:44on a few years you won't believe the
- 28:46progress you can make economically your
- 28:48relationship with your family your
- 28:50friends
- 28:51and whether you're in sports or
- 28:52economics or whatever i'm telling you
- 28:55that whole process of committing
- 28:56yourself
- 28:57for personal change personal value
- 29:00can really make your life unique and
- 29:02worthwhile
- 29:04now let's cover the second subject on
- 29:06setting goals
- 29:08mr shelf gave me some tips on setting
- 29:10goals that changed my life forever
- 29:14and i want to share those with you
- 29:21so let's talk about setting goals and i
- 29:23also want to tie
- 29:24it to personal development
- 29:28and you'll see how i'm going to do it as
- 29:29i progress here setting goals
- 29:34we need to take a look into the future
- 29:39there are
- 29:41four things to consider in terms of
- 29:43attitude one is how you feel about the
- 29:46past
- 29:48best advice i can give you on that is
- 29:49treat the past as a school let it teach
- 29:51you the mistakes you've made the things
- 29:53that went wrong the things that didn't
- 29:54work
- 29:55don't use the past as a burden to carry
- 29:57and don't use the past as a club to beat
- 29:59yourself to death
- 30:01past losses past failures past mistakes
- 30:03but let the past be a school tough
- 30:06school maybe we've all been through some
- 30:07tough stuff
- 30:08so if you feel good about the past draw
- 30:11from it for experience and let it teach
- 30:13you
- 30:14then next is how you feel about the
- 30:16future
- 30:18we've got to have the future well
- 30:19designed
- 30:21the future is called the promise
- 30:24and here's what we teach in our
- 30:25leadership series
- 30:27the promise of the future can be an
- 30:29awesome force
- 30:31for your own future the promise of the
- 30:34future designing the future there's two
- 30:36ways to face the future one is with
- 30:38apprehension
- 30:39and the other is with anticipation
- 30:42i promise you in my travels around the
- 30:44world most people face the future with
- 30:46apprehension and here's why they don't
- 30:48have it well designed
- 30:50they've sort of left that up to someone
- 30:52else to fix
- 30:54but here's the best way to face the
- 30:55future with anticipation
- 30:57and you can you can face the future with
- 30:59anticipation if
- 31:01the future is clear if the future is
- 31:04well
- 31:05designed
- 31:06and i would like to have you consider
- 31:09some thoughts
- 31:10with me that helped me
- 31:12to
- 31:13really change my future by giving it
- 31:15some thought and some consideration
- 31:18and here it is in setting goals it's
- 31:20very simple number one decide what you
- 31:22want
- 31:23you just take a little time you sit down
- 31:26and say what do i want what kind of
- 31:28skills do i want what kind of income do
- 31:30i want for the future uh what would i
- 31:32like
- 31:33where would i like to go
- 31:35places i'd like to visit
- 31:37uh habits i'd like to acquire skills i'd
- 31:40like to have
- 31:42you just take a little time to think
- 31:43about what you want
- 31:44economics friendships
- 31:47people you'd like to meet
- 31:48places you'd like to go you just take
- 31:50some time and then i suggest when you've
- 31:52thought about what you want for the
- 31:54future make a list
- 31:56just jot it all down
- 31:58so really a very simple process
- 32:01and then here's number three
- 32:03keep all the old lists
- 32:05i'm telling you this served me so well
- 32:08keeping my old list of goals
- 32:10i look back now 10 20 years ago at goals
- 32:13i set lists i made and i smile now
- 32:16because here's what i thought was so
- 32:17important you know 20 years ago now some
- 32:20of those things aren't even on my list
- 32:23i've got a new list i've grown i've
- 32:25changed i've matured
- 32:27but i give you that advice decide what
- 32:29you want number two write it down number
- 32:30three keep the old list
- 32:33and then here's number four
- 32:34when you get something that's on one of
- 32:36these lists check it off part of the fun
- 32:38of having a list is checking it off
- 32:41and then if you can add some drama to
- 32:43checking it off see that's what really
- 32:45helps
- 32:46i set a goal to go to spain many many
- 32:48years ago
- 32:50and when i finally made my first trip to
- 32:52spain i had that journal with me that
- 32:54had that list in it and while i had my
- 32:56journal on my lap waiting for the wheels
- 32:59to touch down in madrid
- 33:01i waited until the wheels touched the
- 33:03runway and i checked it off
- 33:05just adding a little drama
- 33:08so part of the fun of having a list is
- 33:09checking it off
- 33:11now here's what's important about the
- 33:13list
- 33:14and designing your future
- 33:16if the future gets clear the price
- 33:20gets easier
- 33:22because you got to remember for every
- 33:24promise there's a price to pay
- 33:28everybody's got to pay the price
- 33:29everybody's got to do the deal
- 33:31everybody's got to do the disciplines
- 33:33everybody has to pay
- 33:35but here's what i've discovered if the
- 33:37promise is clear
- 33:39and powerful the price is easy to pay
- 33:43the price is some classes the price is a
- 33:45few books the price is a few disciplines
- 33:48the price is finding something that'll
- 33:49make your life better make you grow make
- 33:51you change make you develop
- 33:53so the first part of the key is to
- 33:55design the promise then what is the
- 33:57price to pay i'm telling you the price
- 33:59will be easy
- 34:01anybody in my audience can pay it no
- 34:03matter where you are where you come from
- 34:06color doesn't matter religion doesn't
- 34:07matter where you grew up doesn't matter
- 34:09circumstances don't matter i'm telling
- 34:10you
- 34:11if you'll make the promise of the future
- 34:13clear for yourself the things you want
- 34:15the places you want to go things you
- 34:17want to have the person you want to
- 34:19become the skills you want the homes you
- 34:21want the future you want the friends you
- 34:23want
- 34:24all of the values of life that you could
- 34:26possibly want
- 34:27if you'll make that clear make those
- 34:29lists and be serious about it i promise
- 34:32you it's an easy price to pay
- 34:34anybody can pay it
- 34:36and the best advice i can give you is if
- 34:38i can do it you can do it farm boy from
- 34:40idaho raised in obscurity i changed my
- 34:43life turned it upside down turned it all
- 34:45around
- 34:46found economics found future found
- 34:48promise and if i can do it you can do it
- 34:51so start setting your goals
- 34:54and see if you can't get a better
- 34:56excitement going for the things you want
- 34:58to accomplish for the future
- 35:01now here's my third subject
- 35:03and that's called financial independence
- 35:06oh by the way before i get to financial
- 35:08independence let me cover one more point
- 35:12one of the major reasons for setting
- 35:13goals
- 35:15is for what they make of you
- 35:17in achieving them
- 35:19my teacher advised me when i first got
- 35:22started at age 25 he said jim why don't
- 35:24you set a goal to become a millionaire
- 35:27he said it's got a nice ring to it
- 35:31you know enough zeroes to impress your
- 35:33accountant
- 35:34and he said i'm here to help you you're
- 35:37only 25 years old you've been to one
- 35:39year of college you've got a beautiful
- 35:40family every reason to do it why don't
- 35:42you set a goal to become a millionaire
- 35:45and he said here's why
- 35:47and i thought he doesn't need to teach
- 35:48me why wouldn't it be nice to have a
- 35:50million dollars he said no then you'll
- 35:53miss it he said here's why
- 35:55for what it will make of you to achieve
- 35:58it
- 36:00i'm telling you that statement changed
- 36:02my life
- 36:03set the kind of goals that will make
- 36:05something of you to achieve them
- 36:07he said now once you become a
- 36:09millionaire what's important is not the
- 36:10money
- 36:11i thought that's kind of strange
- 36:13teaching he said honest it isn't
- 36:15important he said you could just give
- 36:16the money away
- 36:17now i did better than that i lost it all
- 36:20by the time i was 31 i was a millionaire
- 36:22by the time i was 33 i was broke
- 36:24and i'll tell you a little bit about
- 36:25that story later
- 36:27but when i lost all my money guess what
- 36:29i found out mr chef was right what was
- 36:31valuable was not the money what was
- 36:33valuable was what i became to earn the
- 36:35money
- 36:36the skills i had the knowledge i had
- 36:38about the marketplace
- 36:40the values that i had going for me they
- 36:43were more valuable than the money and
- 36:45here's an important statement to
- 36:46remember it's not what you get that
- 36:48makes you valuable
- 36:49it's what you become
- 36:51so part of the key here is to set the
- 36:53kind of goals that will make something
- 36:55of you don't set them too low
- 36:57so that you don't have to grow and you
- 36:58don't have to read and you don't have to
- 37:00try and you don't have to stretch don't
- 37:02set them too low
- 37:04and then don't sell out
- 37:06don't go for something that's going to
- 37:08cost you your virtue or cost you your
- 37:10values
- 37:11or sell out your principles
- 37:14there's a good middle road here to
- 37:15follow goals that will inspire
- 37:18goals that will help you grow change
- 37:20develop and become better than you are
- 37:22okay
- 37:24now let's talk about financial
- 37:25independence
- 37:27how to become rich by 40 35 if you're
- 37:30extra bright much sooner if you find an
- 37:32opportunity like i did
- 37:34let me show you how i did it
- 37:36financial independence
- 37:41first of all
- 37:46i like the phrase financial independence
- 37:49some people are a little bit concerned
- 37:51about using the word becoming rich
- 37:54or becoming wealthy and i can understand
- 37:56that i struggled a little bit with this
- 37:58is it okay to go for becoming rich go
- 38:01for becoming wealthy
- 38:03and maybe that's a bit too strong the
- 38:04word or stronger term so
- 38:07here's what i've come up with that i
- 38:08think is comfortable for me and that is
- 38:09how to become financially independent
- 38:12i think it's every person's heritage
- 38:14here especially in america
- 38:17to become financially independent now
- 38:19let me give you my definition of
- 38:21financial independence financial
- 38:23independence is the ability to live
- 38:26from the income of your own personal
- 38:28resources
- 38:30financial independence now it depends on
- 38:32how you want to live
- 38:34if you need two three thousand dollars a
- 38:35month if you need four or five thousand
- 38:37a month if you need ten thousand a month
- 38:38some people may need you know hundred
- 38:40thousand a month
- 38:42but whatever you would need to live
- 38:45and you could earn that living from the
- 38:47income of your own personal resources
- 38:50that's what i call financial freedom
- 38:52financial independence
- 38:54and let me show you how to acquire it
- 38:57if you start at age 15
- 38:59between ages 15 and 35
- 39:03is 20 years
- 39:05and in my personal opinion based on my
- 39:07own studies and my own experience 20
- 39:09years in my opinion is enough time to
- 39:11become financially independent if you're
- 39:14not
- 39:16you don't live in the wrong country
- 39:18probably what's happened is you have the
- 39:20wrong plan
- 39:22and it's easy to be a nice person with
- 39:23the wrong plan i found that when i was
- 39:2525 years old i was broke at age 25 and i
- 39:28was a nice guy you would have liked me
- 39:30but i'm telling you my plans up until
- 39:33then especially my financial plan left
- 39:35me broke
- 39:36i totally changed it the next six years
- 39:38and i became financially independent so
- 39:40i know what i'm talking about it is
- 39:42possible in a reasonable amount of time
- 39:4615 to 35
- 39:47whatever 20 years time enough time you
- 39:50can do it in much shorter period of time
- 39:52like i did if you want to but this is a
- 39:55reasonable enough time
- 39:56but here's number one first of all you
- 39:58gotta have the right philosophy
- 40:02philosophy is our ability to gather
- 40:04knowledge and sort through it and decide
- 40:07what's valuable
- 40:08to develop a philosophy about life a
- 40:10philosophy about our health
- 40:12a philosophy about our family
- 40:14relationships
- 40:15a philosophy about economics and if you
- 40:17develop the right philosophy
- 40:19that's what helps to set this sail
- 40:24so that in six years it takes you where
- 40:26you want to go instead of winding up
- 40:28like i did that first six years of my
- 40:30economics broke no money empty bank
- 40:32account
- 40:34the right philosophy now let me give you
- 40:35a couple of philosophies to consider
- 40:37here's the first one it's called the
- 40:39philosophy of the poor
- 40:42and here it is
- 40:44poor people
- 40:45usually spend their money
- 40:48and invest what's left
- 40:52the philosophy of the poor
- 40:54now here's the philosophy of the rich
- 40:56rich people invest their money
- 40:59and spend what's left
- 41:01and here's the startling answer
- 41:03it really doesn't matter what the amount
- 41:05is
- 41:06what's most important is not the amount
- 41:08what's really important is the
- 41:10philosophy
- 41:11so i would ask you to adopt this
- 41:13philosophy
- 41:15of spending
- 41:17after you have invested invest first
- 41:19then spend and i've got a little formula
- 41:22that i'm going to share with you
- 41:24now what should a child do with a dollar
- 41:28i mean there's a lot of debate going on
- 41:30i'm sure across the country on what a
- 41:31child should do with the dollar here's
- 41:32one opinion it's only a child and it's
- 41:34only a dollar what difference does it
- 41:36make
- 41:37well
- 41:38in my opinion it makes all the
- 41:39difference in the world
- 41:41a person's economic future starts
- 41:44with a child with a dollar
- 41:46somebody says oh no you're only young
- 41:48once let him spend it all well when
- 41:50would you hope that would stop
- 41:53somebody says well wait till he's 50 and
- 41:55broke like me and you know and then
- 41:56he'll learn
- 41:57well no we don't want to wait that long
- 41:59if i would have known earlier than age
- 42:0125 i would have changed
- 42:04in high school if i if they would have
- 42:06had classes called wealth 1 wealth 2 i'd
- 42:08have taken both classes i would not have
- 42:10waited until age 25.
- 42:13so the earlier the better so what should
- 42:16a child do with a dollar here's the
- 42:17simple premise to begin with don't spend
- 42:20it all
- 42:21and if a child wants to spend the whole
- 42:23dollar you got to say hey don't spend it
- 42:24all
- 42:25you know
- 42:27don't spend it all they'll say why not
- 42:29it's my dollar i earned it
- 42:31you say i know you earned it but don't
- 42:32spend it all
- 42:34they'll still say why not say let me
- 42:35show you why not so you put them in your
- 42:37car take them to the other side of town
- 42:40and show them where people live that
- 42:41spend the whole dollar
- 42:43just drive them around kids learn best
- 42:45by visual
- 42:46just drive around and say would you like
- 42:48to live here kid says no
- 42:50would you like to live like these people
- 42:51live kid says no no
- 42:55then you can't spend the whole dollar
- 42:57so
- 42:58kids will get the message so you know
- 43:00take them to other side of town show
- 43:01them around unless you already live
- 43:02there and then just show them around
- 43:05anyway
- 43:06don't spend the whole dollar now let me
- 43:08give you my best view of what to do with
- 43:11the dollar
- 43:12and i promise you if you started at age
- 43:1415 now if you're over 15 right
- 43:16you've still got plenty of time you
- 43:18still got 20 years you know if you're 30
- 43:20you're still got 20 years i mean you
- 43:21know you've still got plenty of time to
- 43:23start what i'm about to share with you
- 43:26what to do
- 43:27with a dollar
- 43:30here's my first bit of advice
- 43:32never spend more than
- 43:3570 cents
- 43:38never spend more than 70 cents
- 43:40now you got to pick some number and the
- 43:42number you pick is going to be
- 43:43determined by your philosophy
- 43:46it's going to be determined by what
- 43:47you've been taught or your experience
- 43:49teaching yourself
- 43:51when i first met my teacher mr show i
- 43:53was at about 110 percent of each dollar
- 43:56you know i'm down at budget finance
- 43:58hawking my furniture in my car one more
- 44:00time
- 44:01and then i learned a whole better
- 44:04formula for financial independence
- 44:05number one don't spend more than 70
- 44:08cents
- 44:09now kids say to me well okay what do i
- 44:12do with the other 30
- 44:14cents
- 44:15and here's what i teach them
- 44:1710 cents for charity
- 44:22charity or church or helping people that
- 44:24can't help themselves
- 44:2710 cents to support worthy projects
- 44:31projects that you feel good about 10
- 44:33cents out of every dollar
- 44:35it's called being generous with part of
- 44:37what you've taken out of society
- 44:41now in my opinion nothing teaches us
- 44:44character
- 44:46better than generosity no class no
- 44:48teacher no book teacher generosity
- 44:51teaches character better than generosity
- 44:53and the best time to start is when the
- 44:55amounts are small
- 44:57and i know if kids learn these lessons
- 44:59well they'll give a dime out of a dollar
- 45:01help people that can't help themselves
- 45:03support worthy projects
- 45:05or if you belong to a church they teach
- 45:06tithe piece of that's very important
- 45:10now
- 45:12because when the amounts get larger
- 45:13sometimes it's a little more difficult
- 45:15you know giving a hundred thousand out
- 45:17of a million someone says oh if i had a
- 45:18million i'd give a hundred thousand i'm
- 45:20not sure that's a lot of money
- 45:22so the time to start is when the amounts
- 45:24are small ten cents out of the dollar
- 45:27okay next ten cents
- 45:29i call active capital
- 45:33active capital means do something to
- 45:35make a profit
- 45:38active capital
- 45:40set aside a portion of your income
- 45:43wages are okay but i'm telling you wages
- 45:45will make you a living profits will make
- 45:47you a fortune
- 45:49so set aside part of your income
- 45:51as capital called active capital
- 45:54any kind of project you can possibly
- 45:56think of you can possibly come up with
- 45:58i'm going to write a new book i think
- 46:00for kids i think the title is going to
- 46:02be of course kids should pay taxes
- 46:04it's kind of an interesting title in
- 46:06california kids do pay taxes
- 46:08when a child walks into 7-eleven buy
- 46:10something that costs a dollar the
- 46:11proprietor says give me seven more
- 46:13pennies
- 46:15and the child says hey what's the seven
- 46:17pennies for the proprietor says that's
- 46:19the taxes
- 46:21kid says well hey i'm only eight years
- 46:22old proprietor says congratulations
- 46:24you're my youngest taxpayer
- 46:26give me the money so in california where
- 46:29i live kids do pay taxes big question is
- 46:31should they
- 46:32and my book will answer that question of
- 46:34course kids should pay taxes nothing is
- 46:36for free
- 46:38if you want to ride your bicycle on the
- 46:39sidewalk instead of in the mud you gotta
- 46:42pay the seven pennies
- 46:44nothing is free so we all have to pay
- 46:47so
- 46:4910 cents out of your living
- 46:52out of the money you earn set aside for
- 46:54capital
- 46:56to try your best to show
- 46:59a profit
- 47:00and in my books gonna be all kinds of
- 47:01ways kids can make money right two
- 47:03bicycles one to ride one to rent i mean
- 47:06you know it doesn't take long to figure
- 47:08out some enterprise that'll start making
- 47:10a profit
- 47:11then you must jot this down if you're
- 47:13taking notes profits are better
- 47:16than wages
- 47:17one you can't usually start wages until
- 47:19you're about 16 15 16
- 47:22but you can make a profit long before
- 47:25you're eligible to start earning wages
- 47:28and then there's no limit to profits and
- 47:30they can they can double and triple and
- 47:32quadruple you know there's no limit it's
- 47:35incredible how fast profits can grow
- 47:38so profits are better than wages wages
- 47:40make you a living profits make you a
- 47:42fortune
- 47:44now the third 10 cents is vitally
- 47:45important
- 47:46i call it passive capital
- 47:50capital you let somebody else use
- 47:53a financial institution stocks and bonds
- 47:56mutual funds whatever let someone else
- 47:58use it you furnish the money they use it
- 48:01to make a profit but they pay you for
- 48:03the use of it called interest
- 48:05and here's one of the things that'll
- 48:06make you financially independent fairly
- 48:08quickly and that's called compound
- 48:11interest
- 48:12and this is how you get it letting
- 48:13someone else use a portion of your
- 48:17honey your substance
- 48:19they show the profit they pay you
- 48:21interest
- 48:22and this passive capital i'm telling you
- 48:24over a sustained period of time
- 48:27if you'll develop this little 10 10 10
- 48:29and 70 especially starting at age 15 i'm
- 48:32telling you by the time you're 35 you
- 48:34will be financially independent you'll
- 48:36have the ability to live from the income
- 48:38of your own resources
- 48:40and then one more point on passive
- 48:42capital there's a bible philosophy i'm
- 48:44an amateur on the bible
- 48:46but there's a bible philosophy that
- 48:48teaches the borrower is servant
- 48:51to the lender
- 48:53and if you want to be in a powerful
- 48:55position
- 48:56as you grow older finally when you
- 48:58become mature maybe have your own
- 49:00business
- 49:01things have worked out for you for the
- 49:02future the position you always want to
- 49:04be in is the power position and that's
- 49:06called the lender
- 49:07the lender is the power position
- 49:10so if kids learn early enough and then
- 49:12you ask them what they'd like to be when
- 49:13they grow up i'm telling you once they
- 49:15understand they'll say well one of the
- 49:16things i want to be is one of those
- 49:18lenders
- 49:20that's the power position not the
- 49:21spender
- 49:23no you'll be pitied the rest of your
- 49:24life if you just become a spender you
- 49:27got to become a lender and i think this
- 49:28is one formulas to follow
- 49:3110 cents out of every dollar let someone
- 49:33else use it be the lender power position
- 49:36then try to show a profit
- 49:38can we teach our children how to take a
- 49:40dollar search the neighborhood
- 49:42find a broken wagon pay a dollar for it
- 49:45bring it home
- 49:46you know clean it up sand it until it's
- 49:48clean paint it red till it shines
- 49:51straighten out the wheels till they're
- 49:52true
- 49:53take it back to the neighborhood sell it
- 49:55for five dollars
- 49:57anybody can do that
- 49:58now does the child deserve four dollars
- 50:00profit and the answer is yes society now
- 50:02has a mended wagon
- 50:04and that's what america is all about
- 50:06finding something touching it making it
- 50:09better making a profit
- 50:11taking part of your resources helping
- 50:12people who can't help themselves let
- 50:14someone else use it to make a profit
- 50:16some projects require more capital than
- 50:18one person has
- 50:20exciting
- 50:21and then let them pay you for the use of
- 50:23it
- 50:24america's had this philosophy now all
- 50:26these years communism is taught all
- 50:28these years capital belongs in the hands
- 50:30of the state not in the hands of the
- 50:32people
- 50:34we've been teaching all these years
- 50:35capital belongs in the hands of the
- 50:36people
- 50:38not in the hands of the state and we
- 50:40turned out to be right
- 50:42capital in the hands of the kids capital
- 50:44in the hands of the people
- 50:45enterprises that make a profit
- 50:47enterprises that grow it's the hope of
- 50:49our future
- 50:50so that little simple formula
- 50:52i hope will help you now one more key on
- 50:55financial independence and that is
- 50:56attitude
- 50:59attitude
- 51:01here's number one
- 51:03i used to say i hate to pay my bills
- 51:07my teacher straightened me out on that
- 51:08he said let's see mr owen what you hate
- 51:10to do is pay a hundred dollars on an
- 51:12account
- 51:13and reduce your liabilities and increase
- 51:15your assets i said well no not if you
- 51:17look at it that way
- 51:19he said well it all depends on how you
- 51:21look at it
- 51:22so wouldn't you love to pay your bills
- 51:24reduce your liabilities increase your
- 51:26assets you got to have that kind of
- 51:28attitude
- 51:29i found out the same attitude about
- 51:31taxes i used to say i hate to pay my
- 51:32taxes and mr show said well that's one
- 51:34way to live
- 51:35but don't you understand taxes is how we
- 51:37care and feed the goose that lays the
- 51:39golden eggs
- 51:40wouldn't you want to do your share
- 51:42someone says yes but the goose eats too
- 51:44much probably true
- 51:46but hey we all eat too much we all need
- 51:48to go on a diet better a fat goose than
- 51:50no goose
- 51:51so i finally became a happy taxpayer now
- 51:54i think taxes are too high so i'm
- 51:56working to get taxes lowered for our
- 51:58economic future but then whatever they
- 52:00turn out to be i gladly pay do my part
- 52:03because that's what makes the whole
- 52:04system run
- 52:06each of us doing our part
- 52:08now i want these three subjects to be
- 52:10valuable for you
- 52:12i want them to have meaning for you
- 52:15i want you someday to be financially
- 52:17independent
- 52:19i want you to have the personal
- 52:20development so that you feel good about
- 52:22yourself
- 52:24if i had a chance to meet you someday
- 52:25i'd like to have you show me the list of
- 52:27goals that you got started and say mr
- 52:29owen here's some i've already checked
- 52:30off here's the books i'm reading
- 52:34here's what's happened i'm developing
- 52:35the skills i'm better this year than i
- 52:37was last year
- 52:39i've got more self-confidence my skills
- 52:41are developing
- 52:42that's what i want for you and that's
- 52:44why i took the time to come and share
- 52:46in this video message with you
- 52:49i do seminars all around the world but
- 52:50this is one way that i can reach out and
- 52:53touch you in case you can't come to my
- 52:55seminars
- 52:56wherever i am
- 52:57maybe this video will reach you
- 52:59somewhere and it'll have an impact on
- 53:01your life
- 53:02and what i'd like to do is later hear
- 53:04about it a letter phone call
- 53:06or to have a chance to meet you in
- 53:08person
- 53:09and now i'd like to leave you with these
- 53:10four questions
- 53:13called questions to ponder
- 53:15these questions were valuable for me
- 53:17and i want to make them valuable for you
- 53:19here's the first one why
- 53:22we all ask why we should work this hard
- 53:25why take that many classes
- 53:27why go to school that many years you
- 53:29know why take the notes why read the
- 53:32books
- 53:33why work that hard why put yourself
- 53:35through the push-ups and the disciplines
- 53:37why good question why
- 53:40best answer to why i think is the second
- 53:42question
- 53:44why not
- 53:45why not see how many books you can read
- 53:47how many classes you can take how many
- 53:49skills you can develop
- 53:50why not see how valuable you can become
- 53:52to the marketplace and to your friends
- 53:54and to your family
- 53:56why not see what you can make of
- 53:58yourself why not see how far you can go
- 54:00how much you can see
- 54:02how much you can earn how much you can
- 54:04share
- 54:05why not
- 54:06that's the heritage all of us have in
- 54:08america especially is to see what we can
- 54:10make out of our lives now that we've
- 54:12been given this extraordinary
- 54:14opportunity
- 54:15now my third question i'd love to ask
- 54:17you in person
- 54:19but since i can't do it in person i want
- 54:21to ask it of all of you but i want you
- 54:23to take it personally and my third
- 54:26question is why not you
- 54:28why not you
- 54:30with good self-esteem why not you
- 54:32starting to change and setting goals
- 54:35why not you starting to make progress
- 54:37toward financial independence
- 54:39if i can do it you can do it
- 54:41i wish i had a lot more testimonials
- 54:43here today besides mine a whole steady
- 54:46stream that would come by and tell you
- 54:47their story
- 54:49someone who started with nothing finally
- 54:51run a big enterprise
- 54:53a mother who was on welfare now she owns
- 54:55her own business
- 54:57in addition to my story i wish i had a
- 54:59lot more
- 55:00and if all of them told their story
- 55:02guess how they would probably wind up
- 55:03their story they'd probably say just
- 55:05like me why not you
- 55:07if we can read you can read if we can
- 55:09change you can change
- 55:10if we can figure it out you can figure
- 55:12it out if we can turn it around you can
- 55:14turn it around
- 55:15there isn't anything you can't
- 55:16accomplish that's what those
- 55:17testimonials would say
- 55:19and so i want to say it to you
- 55:20personally why not you
- 55:22know you've got the brains you've got
- 55:24the
- 55:25the stamina you've got the vitality
- 55:27you've got the interest
- 55:28you've got your life ahead of you you've
- 55:30got the future
- 55:31you can do it if anybody can do it you
- 55:33can do it if one of us can do it hey we
- 55:35all can do it
- 55:37and now here's my last question why not
- 55:39now
- 55:40this is a good time
- 55:42as the 20th century starts to wind down
- 55:45a few more years as we get ready for
- 55:47century 21
- 55:48what a good time
- 55:50to set your goals work on yourself work
- 55:52on your skills
- 55:53what a good time
- 55:55to get it together what a good time to
- 55:57start this process
- 55:59personal development growing changing
- 56:01developing
- 56:03having a good plan for your money and
- 56:05for your life and for your future
- 56:07why not now
- 56:08and i hope i have a chance to see you
- 56:10one of these days and share with you
- 56:12the experience the reaction response you
- 56:15might have had
- 56:16from my message today
- 56:18and until i get a chance to see you on
- 56:19this side of the world or the other side
- 56:21of the world in some school or some
- 56:23seminar
- 56:24or maybe i'll come and speak for a
- 56:25company that you work for someday i hope
- 56:28i get a chance to meet you until then i
- 56:30wish you the best
- 56:31i want all that i have gotten
- 56:34to be yours and much much more god bless
- 56:37goodbye
- 58:41you
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