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	<title>Bigg Successshow | Bigg Success</title>
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	<description>Life On Your Own Terms</description>
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		<ttl>1440</ttl>
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		<itunes:summary>Life On Your Own Terms</itunes:summary>
		<itunes:author>Bigg Success</itunes:author>
		<itunes:category text="Society &amp; Culture"/>
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			<itunes:name>Bigg Success</itunes:name>
			<itunes:email>bigginfo@biggsuccess.com</itunes:email>
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			<title>Bigg Success</title>
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		<title>What is Bigg Success?</title>
		<link>http://biggsuccess.com/2009/03/23/what-is-bigg-success/</link>
		<comments>http://biggsuccess.com/2009/03/23/what-is-bigg-success/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 07:00:56 +0000</pubDate>
		<dc:creator>George Krueger &#38; Mary-Lynn Foster</dc:creator>
				<category><![CDATA[Success]]></category>
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		<guid isPermaLink="false">http://biggsuccess.com/?p=1655</guid>
		<description><![CDATA[When you study anything, it&#8217;s important to understand the definitions. So today, we&#8217;re happy to announce that we have refined the definition for bigg success: ___ ___ Bigg success is life on your own terms. ___ I just love that because it is so empowering. Who else can tell us how to live our lives?...]]></description>
			<content:encoded><![CDATA[<p><img src="http://biggsuccess.com/wp-content/uploads/2009/03/loyot.jpg" border="1" alt="life on your own terms" hspace="10" vspace="1" width="126" align="right" /> When you study anything, it&rsquo;s important to understand the definitions. So today, we&rsquo;re happy to announce that we have refined the definition for bigg success:
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<h3></h3>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<h3>Bigg success is life on your own terms.</h3>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p> <img src="http://biggsuccess.com/wp-admin/images/marylynn.jpg" border="1" alt="marylynn" style="float: left; margin-right: 25px" />I just love that because it is so empowering. Who else can tell us how to live our lives?
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p> <img src="http://biggsuccess.com/wp-admin/images/george.jpg" border="1" alt="george" style="float: left; margin-right: 25px" />It&rsquo;s not about money or material possessions. Or it can be. It&rsquo;s not judgmental. If it works for you, it works!
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<h3>Your terms, not others</h3>
<p>We don&rsquo;t always live our lives on our own terms. We live by the terms set by others.</p>
<p>Our families and friends, with all good intentions, have their thoughts about how we should live.</p>
<p>Society sets expectations of us. Hollywood and Madison Avenue paint a picture of how our lives should look. Teachers, bosses and others guide us to the life they want us to live.</p>
<p>Sometimes we even place demands upon ourselves that aren&rsquo;t congruent with what we really want.</p>
<h3>Taking charge</h3>
<p>Enough is enough. We must take our lives back. We must claim the most precious gifts that we have been given.</p>
<p>To choose who we are and who we become.</p>
<p>To live the life we dream of living.</p>
<p>To find our path to happiness without regard for what others think.</p>
<p>To feel in control no matter what situation we face.</p>
<p>When we feel that we have power over our own lives, we can relish in every moment even if things aren&rsquo;t going exactly as planned.</p>
<h3>Not a selfish endeavor</h3>
<p>Life on your own terms sounds selfish, but it&rsquo;s not. In fact, it&rsquo;s quite the opposite.</p>
<p>It means figuring out how to get from where you are now to where you want to be for the benefit of yourself and the people you care about.</p>
<h3>How we&rsquo;re doing it</h3>
<p>We understand this definition well because we&rsquo;re living it.</p>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p> <img src="http://biggsuccess.com/wp-admin/images/marylynn.jpg" border="1" alt="marylynn" style="float: left; margin-right: 25px" />I worked in the corporate world. I had outgrown the place where I was working and I didn&rsquo;t want to move for two reasons: I was engaged to George and the industry I worked in was experiencing troubles so I thought a move would be risky.
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p> <img src="http://biggsuccess.com/wp-admin/images/george.jpg" border="1" alt="george" style="float: left; margin-right: 25px" />I&rsquo;ve been a passionate business owner for years and teach entrepreneurship at our local University. I saw the internet as a great place for learning and a way to combine those two passions. I also have a passion for a certain young lady named Mary-Lynn and working together seemed like a slam dunk!
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<p>So we created an opportunity for ourselves &ndash; Bigg Success &ndash; to be partners both personally and professionally. It works for us, but it doesn&rsquo;t work for everyone. It&rsquo;s how we&rsquo;re living life on our own terms.</p>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<table border="1" cellpadding="2">
<tr>
<th align="left"><font color="#800080">Would you like more tips and tools to live your life   on your own terms?<br /> </font><font color="#800080"><a href="http://visitor.constantcontact.com/d.jsp?m=1101877930203&amp;amp;p=oi" target="_blank" title="Subscribe to the Bigg Success Weekly">Subscribe to the Bigg Success   Weekly</a></font><font color="#800080"> &ndash; it&rsquo;s FREE! </font></th>
</tr>
</table>
<p style="background-color: #ffffff"><font color="#ffffff">___</font></p>
<h3>People in transformation</h3>
<p>We&rsquo;ve designed Bigg Success to be the place for goal-gettin&rsquo; go-getters &#8230; bigg goal-getters as we like to call you. That&rsquo;s the reason for the second &ldquo;g&rdquo; in Bigg!</p>
<p>Bigg goal-getters don&rsquo;t just talk the talk. We also walk the walk. Because we&rsquo;re positive thinking, fun-loving people.</p>
<p>We&rsquo;re people in transformation. Usually happy, but never content. Always striving to grow. Always looking to expand. Always in search of our next bigg opportunity.</p>
<p>So from two bigg goal-getter to another, welcome to Bigg Success! We look forward to getting to know you better. To growing together. To seeing you reach your bigg goals while we attain ours.</p>
<h3>Reach bigg success in your life even faster</h3>
<p>Bigg success is, and always will be, a developing concept. That&rsquo;s the nature of bigg success!</p>
<p>It&rsquo;s still about personal and professional development. We think by defining bigg success the way we have, we can have a richer conversation.</p>
<p>We will discover new things which we&rsquo;ll share with you. We hope you will share your knowledge with us and the entire Bigg Success community.</p>
<p>Because all of us know more than any of us.</p>
<h3>Start by telling us what life on your own terms means to you.</h3>
<p>You can share that with a comment below, by calling us at 888.455.BIGG or by e-mailing us at <a href="mailto:bigginfo@biggsuccess.com">bigginfo@biggsuccess.com</a></p>
<p>When you share, whether by writing it or speaking it, you get the ideas out of your head. So you learn and so will everyone else in the community.</p>
<p>By all of us sharing, we learn from each other so we all reach bigg success in our own lives even faster!</p>
<p>Thanks so much for reading our post today.</p>
<p>You&rsquo;ve probably heard of Brand You. You may have heard that you&rsquo;re the CEO of your own life. We don&rsquo;t think either one is correct. Join us next time as we dive deeper into the definition of bigg success to find out why.</p>
<p>Until then, here&rsquo;s to your bigg success!</p>
<p><a href="http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=269019283" target="_blank" title="Subscribe to The Bigg Success Show in iTunes. "><strong>Subscribe to The Bigg Success Show in iTunes.&nbsp;</strong></a></p>
<p><strong><a href="http://feeds.feedburner.com/BiggSuccess" target="_blank" title="Subscribe to the Bigg Success feed.">Subscribe to the Bigg Success feed.</a></strong></p>
<p><strong>Direct link to The Bigg Success Show audio file: </strong><br /> <a href="http://media.libsyn.com/media/biggsuccess/00356-032309.mp3" target="_blank" title="The Bigg Success Show Audio File #356">http://media.libsyn.com/media/biggsuccess/00356-032309.mp3</a></p>
<p><strong>Related Posts</strong></p>
<p><a href="http://biggsuccess.com/2009/03/24/own-your-life/" title="Own Your Life">Own Your Life</a></p>
<p><a href="http://biggsuccess.com/2009/03/25/the-power-of-defining-your-terms/" title="The Power of Defining Your Terms">The Power of Defining Your Terms</a></p>
<p><a href="http://biggsuccess.com/2009/03/26/the-5-elements-of-bigg-success/" title="The 5 Elements of Bigg Success">The 5 Elements of Bigg Success</a></p>
<p><a href="http://biggsuccess.com/2009/03/27/the-bigg-idea-behind-bigg-success/" title="The Bigg Idea Behind Bigg Success">The Bigg Idea Behind Bigg Success</a> </p>
]]></content:encoded>
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		<slash:comments>10</slash:comments>
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<itunes:duration>00:01:01</itunes:duration>
		<itunes:subtitle>When you study anything, it#8217;s important to understand the definitions. So today, we#8217;re happy to announce that we have refined the definition for bigg ...</itunes:subtitle>
		<itunes:summary>When you study anything, it#8217;s important to understand the definitions. So today, we#8217;re happy to announce that we have refined the definition for bigg success: ___  ___ Bigg success is life on your own terms. ___ I just love that because it is so empowering. Who else can tell us how to live our lives? ___ ___ It#8217;s not about money or material possessions. Or it can be. It#8217;s not judgmental. If it works for you, it works! ___ Your terms, not others We don#8217;t always live our lives on our own terms. We live by the terms set by others. Our families and friends, with all good intentions, have their thoughts about how we should live. Society sets expectations of us. Hollywood and Madison Avenue paint a picture of how our lives should look. Teachers, bosses and others guide us to the life they want us to live. Sometimes we even place demands upon ourselves that aren#8217;t congruent with what we really want. Taking charge Enough is enough. We must take our lives back. We must claim the most precious gifts that we have been given. To choose who we are and who we become. To live the life we dream of living. To find our path to happiness without regard for what others think. To feel in control no matter what situation we face. When we feel that we have power over our own lives, we can relish in every moment even if things aren#8217;t going exactly as planned. Not a selfish endeavor Life on your own terms sounds selfish, but it#8217;s not. In fact, it#8217;s quite the opposite. It means figuring out how to get from where you are now to where you want to be for the benefit of yourself and the people you care about. How we#8217;re doing it We understand this definition well because we#8217;re living it. ___ I worked in the corporate world. I had outgrown the place where I was working and I didn#8217;t want to move for two reasons: I was engaged to George and the industry I worked in was experiencing troubles so I thought a move would be risky. ___ ___ I#8217;ve been a passionate business owner for years and teach entrepreneurship at our local University. I saw the internet as a great place for learning and a way to combine those two passions. I also have a passion for a certain young lady named Mary-Lynn and working together seemed like a slam dunk! ___ So we created an opportunity for ourselves #8211; Bigg Success #8211; to be partners both personally and professionally. It works for us, but it doesn#8217;t work for everyone. It#8217;s how we#8217;re living life on our own terms. ___  	 		Would you like more tips and tools to live your life   on your own terms? Subscribe to the Bigg Success   Weekly #8211; it#8217;s FREE!  	  ___ People in transformation We#8217;ve designed Bigg Success to be the place for goal-gettin#8217; go-getters ... bigg goal-getters as we like to call you. That#8217;s the reason for the second #8220;g#8221; in Bigg! Bigg goal-getters don#8217;t just talk the talk. We also walk the walk. Because we#8217;re positive thinking, fun-loving people. We#8217;re people in transformation. Usually happy, but never content. Always striving to grow. Always looking to expand. Always in search of our next bigg opportunity. So from two bigg goal-getter to another, welcome to Bigg Success! We look forward to getting to know you better. To growing together. To seeing you reach your bigg goals while we attain ours. Reach bigg success in your life even faster Bigg success is, and always will be, a developing concept. That#8217;s the nature of bigg success! It#8217;s still about personal and professional development. We think by defining bigg success the way we have, we can have a richer conversation. We will discover new things which we#8217;ll share with you. We hope you will share your knowledge with us and the entire Bigg Success community. Because all of us know more than any of us. Start by telling us what life on your own terms means to you. You can share that with a comment be</itunes:summary>
		<itunes:keywords>Success</itunes:keywords>
		<itunes:author>bigginfo@biggsuccess.com</itunes:author>
		<itunes:explicit>no</itunes:explicit>
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		<item>
		<title>Want to be a Millionaire? Here&#8217;s How to Think Like One</title>
		<link>http://biggsuccess.com/2008/09/08/want-to-be-a-millionaire-heres-how-to-think-like-one/</link>
		<comments>http://biggsuccess.com/2008/09/08/want-to-be-a-millionaire-heres-how-to-think-like-one/#comments</comments>
		<pubDate>Mon, 08 Sep 2008 05:30:16 +0000</pubDate>
		<dc:creator>George Krueger &#38; Mary-Lynn Foster</dc:creator>
				<category><![CDATA[Money]]></category>
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		<category><![CDATA[trading time for money]]></category>

		<guid isPermaLink="false">http://biggsuccess.com/?p=1212</guid>
		<description><![CDATA[CNN Money recently asked forty people for the best advice they ever got about money. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund. He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest...]]></description>
			<content:encoded><![CDATA[<p><img src="http://biggsuccess.com/wp-content/uploads/2008/09/sale.jpg" border="1" alt="sale" hspace="10" vspace="1" width="104" align="right" />CNN Money recently asked forty people for the <a href="http://money.cnn.com/galleries/2008/pf/0807/gallery.smartest_advice.moneymag/index.html" target="_blank" title="best advice they ever got about money">best advice they ever got about money</a>. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund.</p>
<p>He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest it. Andrew Tobias said they should buy non-perishable items.</p>
<p> The crowd got quite a kick out of that answer!</p>
<p> Here was this great financial mind suggesting that people, with only a small amount of money, buy common, every day items instead of investing it. </p>
<p style="background-color: #ffffff"><font color="#ffffff">&#8212;&#8212;</font></p>
<h3></h3>
<p style="background-color: #ffffff"><font color="#ffffff">&#8212;&#8212;</font></p>
<h3> Saving money beats making money</h3>
<p> There&rsquo;s incredible wisdom in his answer. After all, whether we save money or invest it, we end up with more money. In fact, we end up with more, by saving it, because we don&rsquo;t pay taxes on what we save; we only pay taxes on what we earn.</p>
<p> So if we save $100, we&rsquo;ll be ahead by $100. If we earn $100 and we&rsquo;re in the 25% tax bracket, we&rsquo;ll only be ahead by $75.<br /> <br />
<h3> Trading time for money</h3>
<p> We all face tradeoffs. One of those is saving money by spending time or vice versa. For example, we often eat out to save time. But eating out costs more money than buying the groceries and cooking for ourselves.</p>
<p> Thinking like an investor, we have to ask ourselves how we&rsquo;re spending that time. If it&rsquo;s not productive &ndash; if it&rsquo;s not saving us more money or making us more money &ndash; we might as well spend that time dining in.</p>
<p> Of course, it&rsquo;s not just about money. We do understand quality of life! We just had to throw this in here to let you know we are human!<br /> <br />
<h3> Weighing now vs. later</h3>
<p> Another trade-off we have to consider is now vs. later. If we spend money today, we won&rsquo;t have it tomorrow. But instead of spending it today, we could invest it. If we do that, we&rsquo;ll have more money tomorrow (the original money plus whatever we earn on our investment).<br /> <br />
<h3> Every outlay is an investment</h3>
<p> Taking the advice Tobias gave, if I can save enough on the non-perishables I buy, it may be worth it to buy them now so I don&rsquo;t have to pay more tomorrow. It&rsquo;s just like investing the money now to have a greater amount later.<br /> <br />
<h3> Millionaires get this concept</h3>
<p> In his great book, The Millionaire Mind, Thomas Stanley talks about how millionaires spend their money. Of course, they invest. But millionaires are also very frugal.&nbsp; Some examples that Stanley points out are:</p>
<ul>
<li> They tend to buy used cars. New cars depreciate too quickly for millionaires.</li>
</ul>
<ul>
<li> They buy couture clothes, but usually buy them second-hand. They want the quality, but know they will pay much less this way.</li>
</ul>
<ul>
<li> In what you might think is a contradiction to these previous two, they buy high quality furniture, which tend to go up in value.</li>
</ul>
<p> So you know you&rsquo;re thinking like a millionaire when you&rsquo;re looking at every dollar you spend as an investment. Are you getting the return you want?<br /> &nbsp;<br />
<table border="1" cellpadding="2">
<tr>
<th align="left"><font color="#800080">Get the tips and tools you need to be a BIGG success.<br /> </font><font color="#800080"><a href="http://visitor.constantcontact.com/d.jsp?m=1101877930203&amp;amp;p=oi" target="_blank" title="Subscribe to the Bigg Success Weekly">Subscribe to the Bigg Success Weekly</a></font><font color="#800080"> &ndash; it&rsquo;s FREE! </font></th>
</tr>
</table>
<p>Next time, we&rsquo;ll talk about getting ahead by getting out. Until then, here&rsquo;s to your bigg success!</p>
<p><a href="http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=269019283" target="_blank" title="Subscribe to The Bigg Success Show in iTunes. "><strong>Subscribe to The Bigg Success Show in iTunes.&nbsp;</strong></a></p>
<p><strong><a href="http://feeds.feedburner.com/BiggSuccess" target="_blank" title="Subscribe to the Bigg Success feed.">Subscribe to the Bigg Success feed.</a></strong></p>
<p><strong>Related posts </strong></p>
<p><a href="http://biggsuccess.com/2008/08/11/print-your-own-money-legally/" title="Print Your Own Money Legally">Print Your Own Money Legally</a></p>
<p><a href="http://biggsuccess.com/bigg-articles/stop-living-from-paycheck-to-paycheck/" title="63 Moves to Stop Living from Paycheck to Paycheck">63 Moves to Stop Living from Paycheck to Paycheck</a></p>
<p><a href="http://biggsuccess.com/2007/12/03/create-passive-income/" title="Getting Aggressively Passive: Creating A Passive Income That Sets You Free">Getting Aggressively Passive: Creating A Passive Income That Sets You Free</a> </p>
<p> <em><strong>(Image by <a href="http://www.sxc.hu/photo/1052434" target="_&quot;blank&quot;">nazreth</a>)</strong></em></p>
]]></content:encoded>
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<itunes:duration>00:01:01</itunes:duration>
		<itunes:subtitle>CNN Money recently asked forty people for the best advice they ever got about money. One of the people featured is Bill Nygren, the great ...</itunes:subtitle>
		<itunes:summary>CNN Money recently asked forty people for the best advice they ever got about money. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund. He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest it. Andrew Tobias said they should buy non-perishable items.  The crowd got quite a kick out of that answer!  Here was this great financial mind suggesting that people, with only a small amount of money, buy common, every day items instead of investing it.  ------  ------  Saving money beats making money There#8217;s incredible wisdom in his answer. After all, whether we save money or invest it, we end up with more money. In fact, we end up with more, by saving it, because we don#8217;t pay taxes on what we save; we only pay taxes on what we earn.  So if we save $100, we#8217;ll be ahead by $100. If we earn $100 and we#8217;re in the 25% tax bracket, we#8217;ll only be ahead by $75.  Trading time for money We all face tradeoffs. One of those is saving money by spending time or vice versa. For example, we often eat out to save time. But eating out costs more money than buying the groceries and cooking for ourselves.  Thinking like an investor, we have to ask ourselves how we#8217;re spending that time. If it#8217;s not productive #8211; if it#8217;s not saving us more money or making us more money #8211; we might as well spend that time dining in.  Of course, it#8217;s not just about money. We do understand quality of life! We just had to throw this in here to let you know we are human!  Weighing now vs. later Another trade-off we have to consider is now vs. later. If we spend money today, we won#8217;t have it tomorrow. But instead of spending it today, we could invest it. If we do that, we#8217;ll have more money tomorrow (the original money plus whatever we earn on our investment).  Every outlay is an investment Taking the advice Tobias gave, if I can save enough on the non-perishables I buy, it may be worth it to buy them now so I don#8217;t have to pay more tomorrow. It#8217;s just like investing the money now to have a greater amount later.  Millionaires get this concept In his great book, The Millionaire Mind, Thomas Stanley talks about how millionaires spend their money. Of course, they invest. But millionaires are also very frugal.#160; Some examples that Stanley points out are:   	 They tend to buy used cars. New cars depreciate too quickly for millionaires.   	 They buy couture clothes, but usually buy them second-hand. They want the quality, but know they will pay much less this way.   	 In what you might think is a contradiction to these previous two, they buy high quality furniture, which tend to go up in value.  So you know you#8217;re thinking like a millionaire when you#8217;re looking at every dollar you spend as an investment. Are you getting the return you want? #160;   	 		Get the tips and tools you need to be a BIGG success. Subscribe to the Bigg Success Weekly #8211; it#8217;s FREE!  	   Next time, we#8217;ll talk about getting ahead by getting out. Until then, here#8217;s to your bigg success! Subscribe to The Bigg Success Show in iTunes.#160; Subscribe to the Bigg Success feed. Related posts  Print Your Own Money Legally 63 Moves to Stop Living from Paycheck to Paycheck Getting Aggressively Passive: Creating A Passive Income That Sets You Free  (Image by nazreth)</itunes:summary>
		<itunes:keywords>Money</itunes:keywords>
		<itunes:author>bigginfo@biggsuccess.com</itunes:author>
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		<title>Want to be a Millionaire? Here&#039;s How to Think Like One</title>
		<link>http://biggsuccess.com/2008/09/08/want-to-be-a-millionaire-heres-how-to-think-like-one-2/</link>
		<comments>http://biggsuccess.com/2008/09/08/want-to-be-a-millionaire-heres-how-to-think-like-one-2/#comments</comments>
		<pubDate>Mon, 08 Sep 2008 05:30:16 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Money]]></category>
		<category><![CDATA[andrew tobias]]></category>
		<category><![CDATA[bigg success]]></category>
		<category><![CDATA[bill nygren]]></category>
		<category><![CDATA[cnn money]]></category>
		<category><![CDATA[financial guru]]></category>
		<category><![CDATA[george krueger]]></category>
		<category><![CDATA[johnny carson]]></category>
		<category><![CDATA[johnny carson show]]></category>
		<category><![CDATA[mary-lynn foster]]></category>
		<category><![CDATA[millionaires]]></category>
		<category><![CDATA[non perishable items]]></category>
		<category><![CDATA[oakmark select fund]]></category>
		<category><![CDATA[podcast]]></category>
		<category><![CDATA[quality of life]]></category>
		<category><![CDATA[saving money]]></category>
		<category><![CDATA[savings]]></category>
		<category><![CDATA[show]]></category>
		<category><![CDATA[talk show]]></category>
		<category><![CDATA[tax bracket]]></category>
		<category><![CDATA[the bigg success show]]></category>
		<category><![CDATA[The Millionaire Mind]]></category>
		<category><![CDATA[thomas stanley]]></category>
		<category><![CDATA[tradeoffs]]></category>
		<category><![CDATA[trading time for money]]></category>

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		<description><![CDATA[CNN Money recently asked forty people for the best advice they ever got about money. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund. He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest...]]></description>
			<content:encoded><![CDATA[<p><img src="http://biggsuccess.com/wp-content/uploads/2008/09/sale.jpg" border="1" alt="sale" hspace="10" vspace="1" width="104" align="right" />CNN Money recently asked forty people for the <a href="http://money.cnn.com/galleries/2008/pf/0807/gallery.smartest_advice.moneymag/index.html" target="_blank" title="best advice they ever got about money">best advice they ever got about money</a>. One of the people featured is Bill Nygren, the great manager of the Oakmark Select Fund.</p>
<p>He refers to an episode of the Johnny Carson show, where Johnny asked financial guru Andrew Tobias how someone with only $1,000 should invest it. Andrew Tobias said they should buy non-perishable items.</p>
<p> The crowd got quite a kick out of that answer!</p>
<p> Here was this great financial mind suggesting that people, with only a small amount of money, buy common, every day items instead of investing it. </p>
<p style="background-color: #ffffff"><font color="#ffffff">&#8212;&#8212;</font></p>
<h3></h3>
<p style="background-color: #ffffff"><font color="#ffffff">&#8212;&#8212;</font></p>
<h3> Saving money beats making money</h3>
<p> There&rsquo;s incredible wisdom in his answer. After all, whether we save money or invest it, we end up with more money. In fact, we end up with more, by saving it, because we don&rsquo;t pay taxes on what we save; we only pay taxes on what we earn.</p>
<p> So if we save $100, we&rsquo;ll be ahead by $100. If we earn $100 and we&rsquo;re in the 25% tax bracket, we&rsquo;ll only be ahead by $75.<br /> <br />
<h3> Trading time for money</h3>
<p> We all face tradeoffs. One of those is saving money by spending time or vice versa. For example, we often eat out to save time. But eating out costs more money than buying the groceries and cooking for ourselves.</p>
<p> Thinking like an investor, we have to ask ourselves how we&rsquo;re spending that time. If it&rsquo;s not productive &ndash; if it&rsquo;s not saving us more money or making us more money &ndash; we might as well spend that time dining in.</p>
<p> Of course, it&rsquo;s not just about money. We do understand quality of life! We just had to throw this in here to let you know we are human!<br /> <br />
<h3> Weighing now vs. later</h3>
<p> Another trade-off we have to consider is now vs. later. If we spend money today, we won&rsquo;t have it tomorrow. But instead of spending it today, we could invest it. If we do that, we&rsquo;ll have more money tomorrow (the original money plus whatever we earn on our investment).<br /> <br />
<h3> Every outlay is an investment</h3>
<p> Taking the advice Tobias gave, if I can save enough on the non-perishables I buy, it may be worth it to buy them now so I don&rsquo;t have to pay more tomorrow. It&rsquo;s just like investing the money now to have a greater amount later.<br /> <br />
<h3> Millionaires get this concept</h3>
<p> In his great book, The Millionaire Mind, Thomas Stanley talks about how millionaires spend their money. Of course, they invest. But millionaires are also very frugal.&nbsp; Some examples that Stanley points out are:</p>
<ul>
<li> They tend to buy used cars. New cars depreciate too quickly for millionaires.</li>
</ul>
<ul>
<li> They buy couture clothes, but usually buy them second-hand. They want the quality, but know they will pay much less this way.</li>
</ul>
<ul>
<li> In what you might think is a contradiction to these previous two, they buy high quality furniture, which tend to go up in value.</li>
</ul>
<p> So you know you&rsquo;re thinking like a millionaire when you&rsquo;re looking at every dollar you spend as an investment. Are you getting the return you want?<br /> &nbsp;<br />
<table border="1" cellpadding="2">
<tr>
<th align="left"><font color="#800080">Get the tips and tools you need to be a BIGG success.<br /> </font><font color="#800080"><a href="http://visitor.constantcontact.com/d.jsp?m=1101877930203&amp;amp;p=oi" target="_blank" title="Subscribe to the Bigg Success Weekly">Subscribe to the Bigg Success Weekly</a></font><font color="#800080"> &ndash; it&rsquo;s FREE! </font></th>
</tr>
</table>
<p>Next time, we&rsquo;ll talk about getting ahead by getting out. Until then, here&rsquo;s to your bigg success!</p>
<p><a href="http://phobos.apple.com/WebObjects/MZStore.woa/wa/viewPodcast?id=269019283" target="_blank" title="Subscribe to The Bigg Success Show in iTunes. "><strong>Subscribe to The Bigg Success Show in iTunes.&nbsp;</strong></a></p>
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<p><strong>Related posts </strong></p>
<p><a href="http://biggsuccess.com/2008/08/11/print-your-own-money-legally/" title="Print Your Own Money Legally">Print Your Own Money Legally</a></p>
<p><a href="http://biggsuccess.com/bigg-articles/stop-living-from-paycheck-to-paycheck/" title="63 Moves to Stop Living from Paycheck to Paycheck">63 Moves to Stop Living from Paycheck to Paycheck</a></p>
<p><a href="http://biggsuccess.com/2007/12/03/create-passive-income/" title="Getting Aggressively Passive: Creating A Passive Income That Sets You Free">Getting Aggressively Passive: Creating A Passive Income That Sets You Free</a> </p>
<p> <em><strong>(Image by <a href="http://www.sxc.hu/photo/1052434" target="_&quot;blank&quot;">nazreth</a>)</strong></em></p>
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