Summary of The Monk Who Sold His Ferrari by Robin Sharma

Summary of The Monk Who Sold His Ferrari by Robin Sharma

Everyone wants to be rich. Money answers all things. However, some people give up too much to attain wealth. If you give up too much to attain wealth, you might not be able to enjoy your wealth after retaining it. So it’s important to monitor how much you give up in order to be wealthy. The book The Monk Who Sold His Ferrari sheds light on how to live a balanced and fulfilled life through a story. In this post, we will tell you the summary of The Monk Who Sold His Ferrari by Robin Sharma.

Summary of The Monk Who Sold His Ferrari by Robin Sharma

Julian mantle was a rich top-class trial lawyer who graduated from Harvard law school. He had it all. He lived in a mansion, owned a private jet, had a holiday home, lived a lavish lifestyle, and had his prized possession namely his shiny red Ferrari. He made seven figures more than one million dollars a year and had a big reputation. However, he had a high price to pay for the riches. He spent too much time on his cases and didn’t have a good work-life balance. As a consequence, one day in the middle of a courtroom he had a heart attack and collapsed.

He didn’t expect such a turn of events. He thought he lived a perfect life. After then, he thought about life and decided to sell all his prized possessions, including his red Ferrari, and seek a deeper meaning to life. Here’s the wisdom he found.

Principle 1: Master your mind

You need to upgrade the quality of your thoughts. I remember a quote from Jim Rohn which might help you in this, “Don’t spend major time on minor things”. This is a helping hand in increasing the quality of your thoughts to fill your mind with progressive thoughts like improving your life and the lives of others and how to enjoy a happy life.

Principle 2: Follow your purpose

If you have a clear reason why you live the reason, it will bring a lot of focus to your life. You won’t read random literature and won’t try to be a jack of all trades. Set one clearly defined life goal. Then sub-goals to assist in fulfilling it. The book, “Start with Why” by Simon Sinek sheds more light on finding your purpose.

Principle 3: Practice kaizen

Kaizen means continuous improvement. You need to feed your mind with knowledge daily. This new information will increase your level of creativity and increase your quality of life. Don’t consume random knowledge though. Focus your mind on one thing you love and learn as much as possible about it. This will bring you fulfillment.

Principle 4: Live with discipline

One way to cultivate discipline is to perform small acts of courage. This includes starting to exercise by walking a little in the morning, resuming reading books again, and very importantly asking yourself to do these acts daily. Discipline makes you do what you must do even if you don’t feel like doing it. This also includes denying yourself too much pleasure.

Principle 5: Respect your time

Time is the most precious commodity we have. So it must be spent wisely. If you can get someone to perform a particular task at a reasonable price, do it. Then spend the same time on something more important. A simple example is taking your car to a car wash while you read a book or watch book summaries on this website. Both the rich and the poor have the same 24 hours in a day. What distinguishes one person from another is how they spend their time and more importantly how efficiently they spend their time. You can do more in a day than someone does in a week if you sharpen your saw. Sharpening your saw means increasing your knowledge so as to perform tasks in less time and prioritize tasks. You can learn more about prioritizing tasks from the seventh principle of the book “The 7 habits of highly effective people” by Stephen Covey.

Note: Also read Summary of 7 Habit of Highly Effective People

Principle 6: Selflessly serve others

Zig Ziglar once said, “If you help enough people get what they want, you’ll get anything you want”. If you look at the Forbes list, you’ll notice that it’s almost sorted by the number of people, the wealthy are serving, which speaks volumes. A few examples include imagining how many people make a living using Microsoft products. How many make a living using amazon products and so on and so forth. Then ask yourself how many people you serve, contributing to other people’s lives. This will lead you more fulfilled than attending to yourself only.

Principle 7: Embrace the present

In order to enjoy life to the fullest, you need to enjoy the journey also not only the destination. You don’t want to be wealthy but miserable and depressed.

This has been a book review of the book The Monk Who Sold His Ferrari by Robin Sharma. I hope you enjoyed the summary of The Monk Who Sold His Ferrari. Visit our website for more books summaries.

Note: Also read Summary and Review of Atomic Habits by James Clear

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