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How to Create Your Future in 2 Questions

your-future-bigg-success1901:

“…long before the year a.d. 2000, and very probably before 1950, a successful aeroplane will have soared and come home safe and sound.” ~ H.G. Wells, Anticipations: Of the Reaction of Mechanical and Scientific Progress Upon Human Life

October 9, 1903:

“The flying machine which will really fly might be evolved by the combined and continuous efforts of mathematicians and mechanicians in from one million to ten million years…” ~ New York Times, Flying Machines Which Do Not Fly.

On that same day, Orville Wright wrote in his diary, “We started assembly today.”

December 17, 1903:

The Wright Brothers successfully completed their first flight.

The great science fiction writer missed the mark by nearly half a century. The great newspaper missed it by one to 10,000 millennia. But two lowly entrepreneurs didn’t care about the predictions.

Entrepreneurs know you can’t predict the future. So change your focus.

Think like an entrepreneur. Don’t try to predict your future. Create it.

So let’s talk about how to create your future. You do it by answering two questions:

What resources are readily available now?

Get out a pen and paper. Write down your thoughts as you consider the following.

How much time can you dedicate to building something for your future? Can you commit any money? If so, how much?

And by money, we don’t just mean the paper stuff. Think about all the physical assets you already own which may be useful to create your future. For example, your computer is money.

You have also invested time building relationships. And time is money! This social capital is a valuable resource in creating your future.

Don’t forget your intangible assets. What knowledge and know-how have you gained from your education and experience? What is easy for you that others find difficult? What do you love to do that other people hate?

What can you do with them?

Now you’re ready to review your list of resources. As you do, look for patterns.

As an example, you may be really handy. You love to tinker. You have the tools to prove it! You have a number of people in your network who aren’t so inclined. Why not start a home repair business?

Another example would be that you’ve “collected” a whole lot of “stuff.” Put your computer to work and sell your wares on eBay or Craigslist.

We met a man who became a billionaire in a similar way. He didn’t have visions of being an entrepreneur. But he ended up building a Fortune 500 company.

Now do it.

All the thinking in the world will be a waste of time if you don’t act upon it. So get started.

Once you start operations, the learning really begins. You’re in the marketplace. You’re gaining insights.

You learn and adapt to create your future. Like many entrepreneurs, you may end doing something completely different. But one way or another, you’ll reach BIGG success!

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The Dirty Secret to Getting Rich

the secret to getting rich for BIGG SuccessWhat’s better than being debt-free? Large companies know the answer.

Large companies are already flush with cash. Yet they are borrowing money like crazy.

Why? Because they know a dirty secret to getting rich:

What’s better than debt-free? Hitting pay dirt with money that’s dirt cheap.

We are witnessing interest rates that most of us won’t see again in our lifetimes. So now may be the time to add to your long-term capital base.

As long as you’re strategic about it.

Ask people who lend to consumers and they’ll tell you that most people only think about the payment. And they borrow for the wrong things.

Entrepreneurs think differently. They realize that the “interest rate” is the cost of money. It’s the rent you pay until you return the lender’s money.

So why not lock in cheap rent for the long haul? Use the money to buy assets which throw off enough cash flow to service the debt and provide you with a nice return.

*Please note that this is general advice. You should speak with your professional advisors about your situation before you proceed.

But also note that we’ve already taken this advice. We recently did some strategic borrowing. So we’ve put other people’s money where our mouth is!

You may have to dig a little for it. But if you invest it to create more cash flow, it can lead to BIGG success!

What do you think? Is it better to be debt-free or are there times when it pays to borrow?

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The Biggest Asset for Your Success

Your Biggest Asset for BIGG SuccessIt’s a precious thing.
It’s an asset, your biggest asset.

It grows from nothing. Nothing more than an idea.

You must invest in it.
You must protect it.
You must tend to it.
You must nurture it so it grows.

What is it?
It’s not stocks, bonds, real estate, gold, or silver.
It’s not even your own business.

It’s not time, although that is precious too.
It’s not even relationships, even though they are certainly critical.

It’s not even you, although it’s tied closely to you.

It’s your dream. Your vision of BIGG success. Life on your own terms.

Invest in it

You invest in it because it’s BIGG. It’s worthy of your attention.

But it starts small. The dream is built step-by-step, action-by-action.

Every action must build upon and/or reinforce every other action. It’s not a one-time investment. It’s a series.

So define your dream. Then take the first step.

It’s the first investment. Fortunately, it’s small.

Protect it

You must protect it because others will take it away from you if you let them. They don’t intend to hurt you. They just have different dreams. Or no dreams at all.

Outside events can take it away from you. They’ll discourage you. You must accept what you can’t control and control what you can. Above all, you must always keep moving toward your vision of BIGG success. It’s how you protect the dream – by keeping it alive.

If you’re not careful, you can take it away yourself. You can give up too early. You must always persevere. It doesn’t mean you don’t adapt. But your destination is set. You will keep driving toward it.

Tend to it

Your dream is not a “set it and forget it” proposition. You need to check on it regularly.

How does your progress compare to your expectations?
What lessons have you learned along the way?
How can you make up for any deficiencies in your progress?

Nurture it

This asset is unusual in that its growth is directly proportional to your own. The faster you grow, the faster you reach BIGG success.

So nurture it by nurturing yourself. Replenish your body, mind, and soul.

Your vision of BIGG success is your biggest asset. But like any asset that creates wealth, it starts small.

It will grow every day if you help it along. The growth compounds as you take action. Actions that lead to your BIGG success.

What will you do today to grow this precious asset?

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Create Your Future for BIGG Success

stepping stones | BIGG SuccessBIGG success is life on your own terms. It’s about entrepreneuring your life, taking full control to design and build the life that fits you perfectly.

Money is one of the five elements of BIGG success. Money ain’t everything, but it sure comes in handy.

Hear George & Mary-Lynn discuss this post on The BIGG Success Show Podcast. Click a player below to listen:


iPhone/iPad Podcast Player

[haiku url=”http://traffic.libsyn.com/biggsuccess/00715-070511.mp3″ title=”The BIGG Success

Show #715″]

How the rich got rich

Would you put all of your money in a single investment?

Of course not. Financial advisors tell us to diversify our portfolio.

You want a portfolio of assets – we often think of stocks and bonds. But the most sophisticated investors also include alternative investments like venture capital and real estate.

“Isn’t that because they’re wealthy?” you may be asking.

According to research, the people who get rich – self-made millionaires – almost always invest in these alternative investments.

The riskiest investment of all

So let’s get back to the point of our original question. We’ve determined that we wouldn’t (and shouldn’t) invest all of our money in a single asset.

So why would anyone count on just one source of income?

Yeah, as in a job.

Doesn’t a job provide more security?

Ask all the people who were laid off and are still out of work.

So what’s the answer?

Don’t put all your eggs in one basket.

In other words, diversify your income just like you would your investments.

A job can be one of your sources of income. We just need to move past this old, tired notion that a job equals security.

Take control and create your future

You and you alone own your life. Take control of it. It’s a very special enterprise.

And you’re the entrepreneur of your life. You’re in charge of it. Think like an entrepreneur. Don’t try to predict the future. Create it.

The secret to doing that relies in moving beyond just having a job. Who can afford to take that much risk these days?

So you start controlling your future by creating a second source of income now.

You may buy a second house as a rental property. There are a lot of great deals right now. Or you may start your own business.

See what we’re doing. Just like sophisticated investors keep some alternative investments in their portfolio, we’re suggesting you earn some alternative income.

Income that offers the potential for significant returns on your time.

There’s the key – time is another one of the five elements of BIGG success. It’s your most precious resource.


But who has the time for a second source of income?

Nobody.

You will never have the time.

You will never find the time.

You have to make the time to be a BIGG success!

If you’re ready to start creating your future but don’t know where to start, maybe we can help.

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Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00715-070511.mp3

Is Debt a Tool for Success?

cut debt | BIGG SuccessA recent study from Ohio State University shows that Gen Y feels empowered by debt. Participants with higher levels of debt reported both a higher self-esteem and a sense of mastery.

Now, you might think it was because they took on debt to pay for their education. But the researchers thought about that, too.

They found that education debt increased the feeling of well-being among participants in this nationwide study. But so did credit card debt.

Can you blame these young people for thinking this way? Didn’t many people in the two generations before them feel the same way at one time?

Buy now, pay later

Buy now and pay later. It sounds great now. But now becomes later faster than one expects.

It may feel great now. But it can lead to misery later.

Debt is a tool

You have to know how to use debt to get the results you want.

  • Debt can be good or bad. The walls of fame are paved with people who used debt to accomplish something BIGG. But so are the graveyards of shame.
  • Debt solves timing problems if used correctly. Buy an asset that returns 8% using debt that costs you 6% and you will increase your wealth.
  • Debt creates money problems if used incorrectly. Invest in an asset that only returns 5% with debt that costs you 6% and you will destroy the wealth you already have.

Want to feel poor? Become a slave to debt by investing in low return (or no return or worse) assets.

Want to feel empowered? Focus on building your net worth.

BIGG success is life on your own terms. Your terms, not your banker’s.

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