Bad news is the news. We hear a lot about the scarcity. We don’t hear so much about the abundance.
That’s why we’re talking about steps you can take to live abundantly. We’re ready for Step 4:
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Eliminate "zero-sum" thinking
One of the reasons we don't feel more abundance is because we've bought into the mindset that everything is a zero-sum game. Somebody has to lose in order for anybody to win.
Hollywood says so.
Our media tells us that it's the case.
Politicians don’t get it.
Successful entrepreneurs get it.
Bigg success is life on your own terms. Implicit in that definition is that you are the entrepreneur of your life.
You own it. You are in charge. There’s something successful entrepreneurs understand that many people – including the elite in our society – just don’t get.
Entrepreneurs know that they win second.
In order for them to win, at least some portion of society must win first. They create fortunes because they understand that there are very few zero-sum games in the world.
Think about it. In most cases, we do business with people because it's mutually beneficial. If it weren't, we would stop doing business together.
So if we take the "zero-sum" attitude, we won't create value. If one party has to lose so the other party can win, nothing is added to society.
Bill Gates got it. He became the richest person in the world because a large number of people felt that Microsoft’s products made their lives and / or their businesses better.
Some argue about his contribution. That will be true of your contribution as well. You will face critics if you do anything of any significance.
But you won’t care.
You will let the market vote. You will know that you have helped people win because they will vote with their dollars. They choose to work with you because you make their lives better in some way.
Warren Buffett got it. Like Bill Gates, he has ascended to the top of the list of the richest people in the world. He did it by delivering returns to his investors that they couldn’t achieve on their own.
To live abundantly, we must first discard the zero-sum game mentality.
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Create wealth by creating value
The best way to do that is one relationship at a time. We must adopt a win / win attitude in every relationship we have. When we do that we create value.
The value of any relationship is the emotional goodwill you have created in that relationship. The sum of the value of all of your relationships is the value of your network.
Now and in the foreseeable future, the greatest wealth will be created by people with the best networks. Create value – and therefore abundance – for other people and you'll find abundance in your own life.
Now, please understand that it doesn't happen instantly. In the economy of a previous generation, you had to plant in the spring if you wanted to harvest in the fall. It may take days, weeks, months, or even years for you to see the result.
However, if all you see when you look at people is dollar signs, you won't harvest the opportunities presented in the years ahead. You won't create wealth. You won't feel abundance.
Put other people first. Look for a win for them with all the fervor you look for a win for you. That’s a mindset that leads to bigg success.
We’re thrilled that you checked in with us today. Thanks so much.
Please join us next time as we wrap up this series on abundance. Until then, here’s to your bigg success!
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Step 1-Find Abundance in a World of Scarcity
The national news is full of bad news about our economy – rising unemployment, stocks hitting ten-year lows, and the value of our homes falling. We wanted to get an inside perspective so we turned to the experts – the National Association of Realtors. We were fortunate to be joined by Jed Smith, their Senior Economist, on The Bigg Success Show today. Here’s a recap of our conversation:
We’re hoping for some rainbows and butterflies from you, Jed. Are there markets where home prices are actually rising?
There are a few. Right now, the market is in a process of stabilizing, which means that prices are down but sales activity is up in quite a few markets. Just to give you a few examples, prices are actually rising a little in Minneapolis, Minnesota; Mobile, Alabama, Stamford, Connecticut; and Amarillo, Texas. It varies around the country depending on a lot of local conditions. However, right now, we’re particularly interested in the level of sales. Obviously, a good level of sales can lead to an overall price rise in the future and, as your listeners probably know, both sales and prices have been declining for awhile. We’d sure like to see those level out and there’s some reason to believe that we’re getting to the bottom of the market.
