How to Save Money on a Midlife Crisis

How to Save Money on a Midlife Crisis blog image

A midlife crisis can be costly. Fortunately, a new discovery offers us a new way to save ourselves and our money.

We talked about midlife crises and happiness on The BIGG Success Show today. This episode (#947) was inspired by the book The Happiness Curve* by Jonathan Rauch. Here’s a summary of that discussion.

What is the Happiness Curve?

The Happiness Curve describes how aging affects your happiness. When plotted on a graph, it is U-shaped.

It starts high in youth, tends to bottom out in your 40s, and then peaks in your 60s and beyond.

Of course, this is the time when many people go through a midlife crisis. The author prefers to call this time of life a “midlife transition”.

It’s as natural as the transition from puberty to adolescence. We’re all familiar with that transition.

The Happiness Curve is a new discovery. We’ve seen the extremes exhibited by a midlife crisis. But we’re just realizing a midlife transition is common.

3 ways to save money on a midlife crisis

1) Realize this too shall pass

Keep reminding yourself that this is a short-term phenomenon. You can wait it out. You will survive.

2) Take comfort that the best is yet to come

Also remind yourself that the long-term prognosis is in your favor. After you get through this, the Happiness Curve will be on your side for decades.

3) Focus on personal growth

Don’t live up to the stereotype. Before you buy, pause and think. Is this purchase an attempt to make up for a happiness deficit?

Don’t blow money on toys. Invest in vehicles which take you further financially, like a business.

Don’t blow money on your appearance. Invest in a beautiful mind.

Rather than blowing money on superficial things, invest in substantial things.
It leads to BIGG success!

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Growth emerges from the ash heaps.
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Here’s to your BIGG success!

George “The Professor” & Mary-Lynn
Co-Founders, BIGG Success

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00947-081418.mp3

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Retirement Planning an Easier Way

retirement planning an easier way blog image

There’s good news on retirement planning, whether you’re early in your career or further along.

We discussed an easier way to plan for your retirement on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by a study on the power of retiring later, published by the National Bureau of Economic Research.

Which of these two options sounds harder to you…

(1) saving 1% more every year for 30 years, or

(2) postponing your retirement by 4 months

The two of us agreed that Option 1 sounds harder. Yet the researchers found the two options deliver similar results.

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The Downside of Finding Your Passion

the downside to finding your passion blog image

We discussed finding your passion on The BIGG Success Show today. Click the player to listen, or keep reading for a summary of that discussion.

This show was inspired by a study on finding your passion to be published in Psychological Science.

The research shows people are led astray by the advice to “find your passion”. It makes it harder to discover one’s passion. So you get stuck. In fact, that’s a conclusion we came to years ago here on BIGG Success.

Fortunately, there is a better way…

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7 Steps to Complain Effectively (and Gain 10 Hours a Month)

7 Steps to Complain Effectively Blog Image

Complain effectively and issues get resolved. Plus, research shows it will free up 10 hours a month of your time.

We discussed complaining on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by an article on Harvard Business Review by Peter Bregman. He does an excellent job showcasing the reasons for and results of complaining.

The two of us fight the same urge to complain as everyone else. So we designed this episode as a reminder to us. We hope it helps you as well.

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Maintain an Abundance Mindset Amid the Scarcity

Maintain an Abundance Mindset blog post title image

An abundance mindset creates more abundance. So why do so many people only see scarcity?

We discussed abundance and scarcity on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by an article on Forbes by Ginger Dean, founder of Girls Just Wanna Have Funds. We talked about how your mindset affects your money, your career, and your life.

We write this as a reminder to ourselves. We hope it helps you as well.

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