Tag Archive: invest

The Magical Power of Compounding Your Time

time_watchBIGG success is life on your own terms. There are five elements of BIGG success: money, time, growth, work and play. Money and time are our two resources.

Most people are familiar with the compounding power of money. For example: Assume you invest $100 a month in a plan that allows you to defer the taxes when you’re 35 years old. You plan to retire at 65 (30 years from now). If you earn a 6% return (conservative by historical standards), your retirement portfolio will be almost $102,000. Not bad on a total investment over the years of $36,000.

 
icon for podpress  Hear George & Mary-Lynn discuss your money & time on The BIGG Success Show! Click the player to hear the podcast: Play Now | Play in Popup | Download

A small amount of money, invested wisely over time, turns into a BIGG sum.

Time compounds like money

What about time? Does it compound? You may not have money to invest. But everyone has the same amount of time every day. Time is the great equalizer.

Time, our other resource, compounds similarly to money. If you invest time, over time, you can create BIGG success. It may come in the form of money or in some other form (e.g. a better life for you and your family).

Here’s the challenge:
If you invest your money in the wrong thing, you may lose all or part of it. Or you may not earn as much on it as you should.

The exact same principle applies to time. If you invest your time poorly, you won’t reach your full potential. You’ll miss opportunities. You must focus to reach BIGG success!

iPhone/iPad Podcast Player

Listen to The BIGG Success Show: The Magical Power of Compounding Your Time

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00675-022411.mp3

Image in this post from code1name

Becoming An Entrepreneurial Employee

employeesBigg success is life on your own terms. Work is one of the five elements of bigg success. That’s our focus today.

Just a generation or so ago, entrepreneurs weren’t highly regarded. The thought was that they were people who no one else would hire.

___

 
icon for podpress  Hear George & Mary-Lynn discuss today's topic on The Bigg Success Show! Click the purple player to listen while you read: Play Now | Play in Popup | Download

___

Now it seems that most people want to be an entrepreneur. People think that climbing the corporate ladder robs you of your individuality. You become a mindless worker bee.

People associate owning your own business with freedom. It can be liberating. Picture your typical day owning your own business …

You’re the last one in every morning. It’s not like anyone’s going to fire you. Of course, you’re the first one out the door at the end of the day. You’re the boss! You take long lunches. Most days, when the weather’s nice, you’re out on the golf course.

If only it were true!

The reality for many entrepreneurs – especially those with an early stage business – is you’re the first to arrive in the morning and the last one out the door at night. If you take lunch at all, you may eat it at your desk while you keep working. You’re not out playing golf most afternoons. In fact, you’re doing well when you can squeeze in a little play time over the weekend.

Do you remember the BTO song, Takin’ Care of Business? They said that self-employed people “work hard at doing nothing all day. Obviously they had never spent time with a start-up entrepreneur!

It can be very stressful, particularly when you take on employees and have to meet payroll. You have fixed costs to cover every month. There are so many hats to wear, so many things to do, so much to keep up on. It’s easy to feel like you’re buried in work.

Not exactly the fairy tale we often think about.

We’re purposefully painting a bleak picture. Owning your own business definitely has its upsides, but it isn’t for everyone. Some people are much happier keeping their day job.

However, we think there are synergies between the two. Here are six tips to become an entrepreneurial employee:

Select the right career

Bigg success is life on your own terms. It starts internally. Think about the three P’s – passions, preferences and proficiencies. We have a great personality test in The Bigg Success Store that will help you with this. It’s free!

Now you’re ready to look outside yourself. Entrepreneurs look at 2 C’s – customers and competitors. As an entrepreneurial employee, your customers are potential employers. Your competition is other people who do what you do. You’re looking for a mismatch – too many employers and too few potential hires.

Add value

Don’t settle for being average and ordinary. Set yourself apart from all the other potential hires by becoming an expert in your chosen field. Consistently deliver superior results and you’ll become invaluable.

Solve problems

Take on projects that no one else wants. Be positive. See solutions where others see only problems. If you solve problems, money will follow.

Work!

Entrepreneurs work long hours, especially in their early days. Entrepreneurial employees do the same. If you can’t work a little longer, work a little harder. Spend less time chatting and more time being productive.

Embrace change

Change creates opportunity. So welcome change. Continually reinvent yourself. Think about yourself at this time last year. If you don’t have any new skills, if you can’t add anything more, if you aren’t producing better results … why should you get paid more?

Retain earnings

Save means safe so save and invest. Entrepreneurs retain earnings to fund growth. You’ll save to give yourself the liberty to get out of a bad situation as a last resort. And to help you survive through the inevitable downturns and associated layoffs.

You can choose to be entrepreneurial in the traditional sense or by going the corporate route. You choose because bigg success is life on your own terms.

Do you think employees can be entrepreneurial?

Let us know by leaving a comment below, calling us at 888.455.BIGG (2444) or e-mailing us at bigginfo@biggsuccess.com.

___

Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks for reading today’s post. Please join us next time when we’ll discuss a new trend that may affect your retirement. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00434-071009.mp3

Related posts

Is Work Death

One Career Path Leads to Another

(Image in today's post by rob_gonyea)

Related Posts with Thumbnails
Free BIGG ebook
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Get your free ebook & goal planning tool when you sign up for our FREE Bi-Weekly newsletter.
Enter your email and press GO.
For Email Marketing you can trust
Logo_Headay Themes Logo_Bigg Studio
Logo_Start 

Blogging Today Logo_Bigg Success Idea 

Bank
Logo_IFV News