We discuss three areas of life where you can choose to be free on this week’s BIGG Success podcast. Click the player to listen. Find the show notes below.
We’re celebrating Independence Day this weekend here in the United States. So it’s got us thinking about freedom. We feel very fortunate to live in a country where freedom is somewhat taken for granted. We can speak freely, worship freely, vote freely and a whole host of other things.
But freedom can also be a personal choice in some areas of our lives. Let’s go to The Professor’s Whiteboard for 3 ways to choose freedom.
Bigg success is life on your own terms. Today we’ll focus on money, one of the five elements of bigg success. There’s a tendency to define bigg success as having more money.
I remember Donald Trump being asked about the difference between $70 million and $700 million. He said, “A bigger boat.”
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Some people don’t need a bigger boat. Other people don’t need a boat at all!
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That reminds me of something one of my mentors once said, “There are two good days in the life of a boat owner. The day you buy it and the day you sell it!”
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Toys are the fun side of money. It’s the side we usually think about. But more money also means more responsibilities – more legal issues, more accounting hassles, more management headaches even if it’s just managing your portfolio.
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A lot of people think you can just hire someone to do those things for you, but you have to be careful how much you delegate. No one will look out for your money like you will.
A simple choice
While our society often seems to equate bigg success with bigg money, it’s important to determine what you want. Bigg success is life on your own terms. Live the life that makes you the happiest.
For some people, there is such a thing as too much money. They choose a different path to bigg success.
We can reduce this to a simple choice:
adjust your lifestyle to your wealth or …
… accumulate enough wealth to support your lifestyle.
Now don’t think it’s a rags or riches mentality. You don’t have to live like a pauper if you choose to adjust your lifestyle.
Many people are perfectly content simply living simply, but comfortably. They have a nice house, drive nice cars, and take nice vacations. Of course, you get to define nice.
Simply pick your number
Let’s look at the difference between these two choices. First, let’s say you can live life on your own terms with an income of $100,000 a year. Financial planners tell us we can draw down our portfolio at the rate of 4% a year when we retire. So that means you would need $2.5 million of assets to support your lifestyle.
Now, what would it take if you wanted to live large? We hear a $250,000 a year income is now considered “rich” here in the States. So let’s use that as the magic number.
Then you would need a portfolio of $6.25 million.
Quite a difference, huh? You don’t have to stress about accumulating such a large portfolio if you adjust your lifestyle to your wealth.
Some people enjoy a higher quality of life by choosing to simply live simply yet comfortably.
They worry about money less because they have less money.
It’s life on your own terms. You pick the path that makes you the happiest. That’s bigg success!
What about you? Are you happy living simply or do you want to accumulate wealth?
Share that with us by leaving a comment below, calling us at 877.988.BIGG(2444) or e-mailing us at bigginfo@biggsuccess.com.
Thanks so much for simply spending your time with us today!
There may be fear that you’ll become more expendable if you turn down a promotion. You’ll be more likely to be let go should another round of layoffs occur. In some business cultures, this attitude is more pervasive than others.
You may fear that you’ll never be offered another opportunity – that passing up this promotion means that you’re not interested in moving up. You may be interested in getting promoted, but this just isn’t the right time for you.
You may even be concerned that it will change how your boss treats you in your current job. You worry that it will change the attitude your boss has about you.
Here are 5 steps to turn down the promotion when it isn’t a good fit.
We work to get to that comfortable spot, and we want to stay there.
“Nothing is certain except death and taxes.” Ben Franklin
We think he got it wrong, not in the message, but in the semantics. We think he should have explicitly included change as something that is certain, rather than making it implicit in his quote.
Will you lead or follow? Even when it’s change that we’re creating ourselves, it can be scary. But it’s especially frightening when it’s a surprise.
For example, picture Jane telling her boss that she’s accepted a new position. She’s going to experience change. But isn’t that more comfortable than Jane’s boss telling her that her job is being eliminated?
It’s better to be a leader of change than a follower.
Who’s in control? However, you can’t always control change. What you can control all the time is how you choose to respond to it.
You can also try to anticipate it. For example, as technology continues to develop, change is occurring more and more rapidly. Isn’t it safe to assume that this will continue?
So you have a choice to make. You either develop the skills to anticipate change so you get ahead of it or you just respond to it, after the pain becomes too great to do anything else.
Bigg action item – Separate the change into fads and trends There are fads and there are trends. Fads come and go, so don’t worry about them. Trends are long-term. Get on board with them.
Divide a sheet into two columns – one called “Fads” and the other called “Trends”. In your chosen career, think about the things affecting your industry. Now start putting those changes into the appropriate column.
What will affect your future income? Something will – for good or for bad!
Is it a short-term phenomenon? Or is it likely to continue? You can position yourself properly by seeing the change coming.
What opportunities will be created? What skills will be important? Do you have them? Can you get them?
Develop a plan for what you need to do to position yourself to take advantage of the trends. Where do I get this information? We’ll look at two examples. Search for the name of your industry followed by the word “association”. For example, “beauty salon association” yielded a half-dozen or so associations in Google.
If you want something done, recruit a busy person to do it. That’s advice with which we’re all familiar. Busy people are able to juggle a number of things at once. They are well-organized personally so they do what they say they’ll do. They are thorough so you don’t have to worry about something being overlooked.
The problem is this: because they become known as the go-to guy or gal, everyone goes to them. At first, it’s flattering, but at some point, they become overwhelmed.
As a bigg goal-getter, you’re probably all too familiar with that scenario. You’re one of those busy people to whom everyone goes. You’re so busy doing that you have no time for being. You don’t have time for “you”.
Like a magician in a straight-jacket, you’re so tied up you can barely move. So we want to share a secret with you – the one word that insures that you spend your time how you want. That magical word is ….
… “no”.
Learn to say “no” and you’ll get more out of your life. That sounds counter-intuitive, doesn’t it? Here’s why it works:
Think bigg passion. 11 First, think about what you want out of your life]. Knowing this makes your choices much easier. If the opportunity before you doesn’t help you get closer to your dream, then just say “no.”
Think bigg purpose. Next, think about 62 what’s most important to you]. How does this request stack up? What else could you do at that time? Have you recently done something similar to this? If so, maybe you should spend this time on something else. Answer these questions and you may just say “no.”
Think bigg growth. As a go-getter, you want new challenges. You understand that pushing yourself to your limits helps you grow personally. Look for opportunities that provide that to you. Say “no” when the opportunity before you doesn’t provide that. Put another way, if you’ll be doing something you’ve done before, just say “no!”
Think bigg impact. You’re in demand professionally and personally. Everyone needs you – family, friends, co-workers, fellow volunteers, and more. Don’t you feel special? Probably not! It’s more likely that you’re frustrated because you can’t clone yourself! Think about the difference you’ll make is you say “yes.” If doing something else will make a bigger impact, just say “no.”
So the next time you’re faced with an opportunity, pull these four points out of your magician’s hat! Sometimes saying “no” is the best thing you can do – for you and all those you touch. You’ll do better when you do say “yes” and you’ll feel more fulfilled as you live your bigg passion with purpose!
https://biggsuccess.com/wp-content/uploads/2020/07/bigg-success_stacked-1080.png10801080George Krueger & Mary-Lynn Fosterhttps://biggsuccess.com/wp-content/uploads/2015/07/BIGG-Success-Nurturing-Your-Inner-Entreprener.jpgGeorge Krueger & Mary-Lynn Foster2008-01-03 19:56:362021-01-24 00:44:42The Magical Word That Helps Balance Your Life
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Bigg success is life on your own terms. Today we’ll focus on money, one of the five elements of bigg success. There’s a tendency to define bigg success as having more money. 
I remember Donald Trump being asked about the difference between $70 million and $700 million. He said, “A bigger boat.” 
Change. A word that sparks fear in many people.