Image of Jill Sclesinger and her book cover The Dumb Things Smart People Do With Their Money

Jill Schlesinger on Why Smart People Make Dumb Money Moves

Image of Jill Sclesinger and her book cover The Dumb Things Smart People Do With Their Money

We talk with CBS business analyst Jill Schlesinger about smart people making dumb money moves and how to avoid these traps – if you’re smart enough.

On The BIGG Success Show , we talk with Jill Schlesinger. Jill is an Emmy-nominated and Gracie Award Winning Business Analyst for CBS News, a weekly guest on NPR’s Here and Now, and a Certified Financial Planner. She writes a weekly syndicated column, Jill on Money, and serves as the host of the nationally syndicated radio show and podcast, Jill on Money.

She joins us to talk about her new book, The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Your Financial Wrongs*. Here’s a summary of that discussion.

What’s wrong with trying to time the market?

Jill says it’s a classic mistake. Market timing requires two perfect decisions. First, you decide when to sell. Perhaps the market is at an all-time high. But how do you figure out when you’re going to get back in? It’s nearly impossible. And very few people can consistently time the market long-term.

She adds that Warren Buffett, in an annual letter a couple years ago, told his heirs to invest 90% of their inheritance in a S&P 500 index fund, put 10% in bonds, and go to sleep at night.

Jill tells us about a time when she tried to time the market. She became an instant celebrity. Then she flamed out in public. Simply click the PLAY button to hear the full story.

How is investing like “defensive driving”?

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7 Ways to Improve Your Financial Health blog post image

7 Ways to Improve Your Financial Health

7 Ways to Improve Your Financial Health blog post image

It’s easy to stress over money. But you will feel less stress if you take action to improve your financial health. We share seven ways.

On The BIGG Success Show, we discuss how to get over stressing about money by taking seven tangible steps to improve your financial health. Here’s a summary of that discussion.

Every day, the headlines carry a stream of negative news about our financial situations. Baby Boomers aren’t ready for retirement. Generation X still hasn’t recovered from the last recession. Millennials are overwhelmed by debt. Generation Z is dismal about the future. On and on it goes.

How can you get past the stress and have a healthy relationship with money? We’ll share seven ways.

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Find Your Why

Find Your Why blog post image

Find your why to feel fulfilled in life. Passion may get your attention, but it’s your purpose that sustains you in fulfilling your calling.

We discuss how to find your why on The BIGG Success Show today. Here’s a summary of that discussion. This show was inspired by a commencement speech by Madison Industries CEO Larry Gies, given at the University of Illinois at Urbana-Champaign. Here’s a summary of what we discussed:

It’s graduation season. We love this time of year. So many young people passing into adulthood. The excitement of new beginnings. Hope for the future.

We love commencement speeches. We are often inspired and challenged by the messages delivered from the brightest minds in the world. We’ve covered commencement speeches before on The BIGG Success Show. For example:

Coke CEO Byron Dyson and the lesson of the five balls, Georgia Tech, 1991

Tom Hanks on fear and faith and success, Yale, 2011

Harry Potter author J.K. Rowling on the power of imagination, Harvard, 2008

Steve Jobs on being crazy enough to change the world, Stanford, 2005

Larry Gies and George KruegerToday, we’re going to talk about the best commencement address at the best school – Larry Gies, CEO of Madison Industries, speaking to the Class of 2019 at the University of Illinois at Urbana-Champaign – on how to find your why.

We’ve known Larry for about 25 years. He’s a true entrepreneur, building his $5 billion business one acquisition at a time. He treats his people like people, not drones. And he and his wife, Beth, have given away millions of dollars, including a $150 million donation to the University of Illinois – the largest in its history.

So here are our takeaways from Larry’s commencement speech, 3 lessons on how to find your why.

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How to Get More Referrals

How to Get More Referrals blog post image

Want to know how to get more referrals? We talk with Steve Woodruff, the King of Clarity, about what it takes to be referral-ready. Made possible by FinancialFreedomTool.com.

It’s #SmallBusinessWeek and we’re talking about how small businesses can prosper. On The BIGG Success Show today, we’re joined by Steve Woodruff – the King of Clarity. He’s here to talk to us about his new book, Clarity Wins: Get Heard. Get Referred*. Here’s a summary of our conversation.

Competition isn’t our biggest concern

We think of competition as companies that have similar offerings as us. Steve says this is one level of competition. But it isn’t our biggest concern.

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Become a Celebrity CEO and Watch Your Business Grow blog post image

Become a Celebrity CEO and Watch Your Business Grow

Become a Celebrity CEO and Watch Your Business Grow blog post image

As a small business owner, you can become a celebrity CEO to gain an advantage over your competition. As your personal brand grows, so will your business. Made possible by FinancialFreedomTool.com

We’re BIGG fans of small business, so we’re happy to be celebrating #SmallBusinessWeek. To kick it off, we talk with Ramon Ray on The BIGG Success Show today.

He writes for Entrepreneur, Inc., Small Business Trends, Business Insider, and more. He joins us today to talk about his latest book, Celebrity CEO: How Entrepreneurs Can Thrive by Building a Community and a Strong Personal Brand*. Here’s a summary of our conversation.

What is a celebrity CEO?

Ramon says that small business owners have the ability to go very narrow and serve a niche market. Few of us are going to be Oprah Winfrey or LeBron James.

But we can all have a narrow lane where we are well known. That’s a celebrity CEO. It’s Ramon’s story. He’s not known to the whole world, but he’s well known in his little market, in his little world, in his small lane

Want to hear what Ramon’s wife said when she learned that the title of his new book was Celebrity CEO? Listen to the show. Simply click on the PLAY button above.

Why does branding even matter?

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