6 secrets to a long and happy life

6 Secrets to a Long and Happy Life

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6 secrets to a long and happy life

On a list of 6 things a famous billionaire says are the secrets to a long and happy life, only 1 of them has do with money.

We discussed these 6 secrets to a long and happy life on The BIGG Success Show. Here’s a summary of that discussion.

Charlie Munger is best known as Warren Buffett’s right hand man. He’s the vice chairman of Berkshire Hathaway. He’s very successful and at age 95, is worth $1.7 billion.

When asked recently by CNBC’s Becky Quick what he thinks are the secrets to a long and happy life, he provided the following:

“You don’t have a lot of envy.
“You don’t have a lot of resentment.
“You don’t overspend your income.
“You stay cheerful in spite of your troubles.
“You deal with reliable people.
“And you do what you’re supposed to do.

Here are some ways to put Munger’s secrets to work in your life.

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How You Tell Your Story Impacts Whether You Live Happily Ever After

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The way you tell your story – especially to one particular audience – can shape your future and affect whether or not you have a happy ending.

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We discussed how to tell your story for future success on The BIGG Success Show. Here’s a summary of that discussion.

This show was inspired by an Dr. Christian Jarrett on BBC. It’s an interesting perspective: the way you tell the stories you tell yourself form the foundation of who you become.

We found this to be a great reminder to the two of us. We hope it helps you as well.

2 Kinds of Life Events

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Jill Schlesinger on Why Smart People Make Dumb Money Moves

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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.

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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

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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.

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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

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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.

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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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