The Mindset Behind True Wealth | Jim Rohn Motivation
Summary
This episode challenges the stigma around wealth, arguing that the love of money, not money itself, is the root of evil. It introduces the 70/30 financial principle: live on 70% of post-tax income while allocating the remaining 30% to giving, investing, and saving. The speaker emphasizes teaching children enterprise early, tracking net worth, and shifting one’s attitude toward taxes and spending from resentment to joyful stewardship.
Topics discussed
Sponsors: Amex Gold and California Closets
The emotions around money and striving for potential
Financial wisdom from The Richest Man in Babylon
Understanding taxes and the 70/30 principle
Giving, investing, saving, and teaching children
Mid-course corrections and tracking net worth
Shifting attitude from hate to love for finances
Sponsor: California Closets
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