Personal finance can be a daunting and overwhelming topic. With so much to manage, from budgeting to investments, it can be difficult to know where to start. The good news is that we can break it down for you in just two sentences!
Click the player to listen to this episode of The BIGG Success podcast. Find the summary below.
Today’s show brought to you by the Financial Freedom. It helps you have plenty of money for life! Learn more at FinancialFreedomTool.com
Here at BIGG Success, we are on a mission to do more good. We achieve this by helping good people uncover resources so they can do more good.
To do that requires you to find and fulfill your calling, to strive daily to reach your full potential, and to stay true to your vision, mission, and values.
BIGG success is personal entrepreneuring, understanding that you are in charge of a very special enterprise – your life. You must take control to stay the course on your journey to Destination BIGG Success.
Like any journey, your journey for life takes money. That’s why it’s one of the five elements of BIGG success, along with time, growth, work, and play.
Now, let’s get to the subject for today – when you really think about it, you can summarize everything you need to know about personal finance in just two sentences.
- The more money you have, the more you can do.
- The less money you need, the sooner you can do it.
We told you they were simple! Let’s look into more details about each one…
The more money you have, the more you can do.
Money means options, options to do what you want.
To buy what you want. To spend your time how you want.
Time is another one of the five elements of BIGG success. You can exchange money for time. For example, you can pay people to do chores for you. You can pay people for tasks outside your strength.
Money can buy time. Money can buy things.
Money means freedom, at least to some extent. So focus on accumulating more money.
An attitude of “more” propels you forward. The desire for “more” makes us grow. For us humans, growth is where we find meaning. Be happy, not content. Research shows happy people make more money. So money may not buy happiness, but happiness can buy money. But it goes even further – the happiest people don’t make the most money. That spot is reserved for those people who are happy, but not content.
The less money you need, the sooner you can do it.
This is the one people often don’t think about. Or talk about.
But BIGG success is life on your own terms. If your definition of BIGG success requires less money, you will likely reach your destination sooner than someone who requires more.
In other words – if you can be happy with less, you can enjoy it longer!
But an attitude of “less” also has other benefits. “Less” may very well mean less stress. Because you need to protect your nest egg once you accumulate it. So more money often means more worries.
Another benefit of “less” is perhaps the most important one of all. “Less” helps you stay within your boundaries. It stops you from crossing the line. “Less” helps you get to your vision of BIGG success with your values intact.
That’s it. Personal finance in two sentences.
It is important to remember that having more money does not guarantee happiness, but it certainly can open up doors to new opportunities and experiences. At the same time, it’s important to be mindful of your financial priorities and actively work towards achieving freedom and security in your life.
It leads to BIGG success!
George “The Professor” & Mary-Lynn
Co-Founders, BIGG Success
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