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Simply Living Simply

simple_houseBigg 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.

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But is it possible to have too much money?

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georgeI remember Donald Trump being asked about the difference between $70 million and $700 million. He said, “A bigger boat.”

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marylynn
Some people don’t need a bigger boat. Other people don’t need a boat at all!

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georgeThat 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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marylynnToys 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 888.455.BIGG (2444) or e-mailing us at bigginfo@biggsuccess.com.

Thanks so much for simply spending your time with us today!

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Would you like more tips and tools to live your life on your own terms?
Subscribe to the Bigg Success Weekly – it’s FREE!

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Please join us next time when we’ll talk about the one-minute layoff. Until then, here’s to your bigg success!

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Direct link to The Bigg Success Show audio file:
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(Image in today's post by ba1969)

Ben Franklin Got It Wrong

Change. A word that sparks fear in many people.

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.

You can also subscribe to magazines for your industry, or just about any industry you’re interested in following. They’re often free, supported by the advertisers. Amazon has an excellent resource that lists magazines by industry. It’s an extensive list!

So there are a number of ways to get the information you need so you can embrace change rather than begrudge it.

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(Image by bob923)

Your Potential Power

Today we’ll discuss how to tap into your hidden potential – that powerful force that lies within you. Find ways to bring it to the forefront and you’ll change your life, the life of those you love, and perhaps even the world!

A lot of us tap into our potential, but the real question is this:

Are you tapping into your FULL potential?

If you’re like most of us, you’ve just scratched the surface of what you can do. You want to be all that you can be.

The secret is to expose yourself to expose your potential.

We’re not talking about doing something that will get you arrested! We mean that you should expose yourself to the following four “P’s”:

#1 – Plan
Start with where you want to be. Some time ago, we discussed how to visualize the life you want. Develop a clear vision of your dream life. A vision so clear in your mind that you FEEL yourself living it, as if it were actually happening right now.

Then look at where you’re at now. Connect the dots – figure out how to get from where you are to where you want to be.

#2 – People
Spend your time with the right people – people who have already done what you want to do or people who are TRYING to do the same thing you are. The common denominator is common experiences.

We recently attended a seminar with a speaker who talked about this very thing. She pays to get coached by mentors who can help her get to the next level. They’ve been where she is; so they can help her get where they are now.

#3 – Programs
We’re talking about media, books, and other resources that are available to you. Of course, we like to think that Bigg Success is your most important source for great information and inspiration. Pat, who is a regular listener, said this:

“I listen to The Bigg Success Show every day on my way to work.
It gets my mojo going.”

Okay, enough shameless self-promotion. The point is there are a lot of great resources out there. One of our favorites is The Big Idea with Donny Deutsch. The only thing we don’t like about Donny’s show is that he spells “bigg” wrong!

#4 – Projects
Tackle a project you’ve never done before. Stretch yourself – get out of your comfort zone.

It may be a project at work. Or a volunteer project. You can always take up a hobby. Or sign up for a class. It may be completely new to you or you may do something where you learn new skills in your specialty.

Think back to your childhood. Was there an activity that used to fascinate you? Why not explore it again. You’ll find that it helps you personally and professionally. It will also help you learn more about your potential.

Our final thought is simply this – TAKE ACTION! Finding your potential is a process. Pick a “P” and go for it!

Subscribe to our show, our blog and/or our weekly newsletter – they’re all free!
What have you done to discover your potential? Leave us a comment!

Our Bigg Quote today is by Wilma Rudolph, the great athlete.

“Never underestimate the power of dreams and the influence
of the human spirit. We are all the same in this notion.
The potential for greatness lives within each of us.”

There is power in your unfulfilled dreams and desires. Only you can find that latent potential within you and do the great things you were born to do.

Next time, we’ll discuss the one ingredient that guarantees your success. Until then, here’s to your bigg success!

Related posts:

How Do You Define Success?

Climbing The Stairway To Success

Do You Know Too Much?

When George told his dad that he was going to get his Master’s degree, his dad said, “Be careful, son … you don’t want to get so educated that no one can use you!”

Is your knowledge a blessing or a curse?

The curse of knowledge
It seems that as our knowledge and experience increase, our creativity and innovation decrease. When you become an expert in a field, you risk losing the innovation that probably got you there. That’s the curse of knowledge!

That leads to some strange things … for example, why do you have to go to “start” to shut off your computer? Techies understand that. However, to the average person, it doesn’t make sense at all.

Group think often results when experts collaborate. As long as you only involve people just like yourself, you end up with things like going to “start” to finish.

The sign of the curse
Have you tried reading a book written by an expert in a field new to you? Or gone to a web site that’s outside your area of expertise? What did you see? Perhaps it was like reading a foreign language. It was jargon – the sign of the curse.

Maybe you’ve sat in a room of people, all speaking jargon. At some point, you asked a question! Gasp! Do you remember the looks? You don’t know it all! Gasp (again)!

If you find that your speech is full of jargon, you may know too much!

New discoveries
Something interesting happens as novices ask questions. The experts are forced to explain their subject simply – from the perspective of a newbie. In the process, the experts often discover new ways to look at the same old problems.

So why do so many people only hang out with people just like them? Because it’s comfortable. It’s good for your ego to feel like you’re part of such a prestigious group. Your input is valued when you’re in your area of expertise talking with other experts.

A good problem within limits
We’re certainly not suggesting that you don’t want to be an expert in your chosen field. In fact, the opposite is true – seek first to be an expert!

Then you can have the problem we’re talking about here – it’s a good one to have! But recognize that your creativity and innovative tendencies are often limited when you’re an expert.

So how can you remain creative when you’re an expert?

  • Make some new friends, outside of your field.

Or reconnect with some old friends, outside of your inner circle of experts like you. People you don’t converse with much anymore because you’re too busy! Mingle with people who have a variety of experiences. You’ll learn things from them that that will help you be more innovative again.

  • Get a hobby, especially a creative one.

We wrote an article recently, Does Your Hobby Work For You It highlights a study of Nobel laureates. That’s a pretty innovative group, wouldn’t you say? The researchers found that about one percent of all scientists claimed some leisure pursuit. They were surprised to learn that over fifty percent of the Nobel Prize winners had a serious hobby! So get out of your “lab” and get your creative juices flowing again.

Sometimes, it pays to listen to novices

Cynthia Barton Rabe wrote a book called The Innovation Killer: How What We Know Limits What We Can Imagine… And What Smart Companies Are Doing About It. She tells the story about an executive who was with Ralston Purina when they bought out Eveready. Eveready had successfully marketed flashlights for years, but now the business was very mature.

This was the mid-1980s. Eveready sold their flashlights through hardware stores and lumber yards. They offered two colors – red and metal. The transferred executive suggested new colors – pink, light blue, and light green. These colors would appeal to women, she argued. Gasp! The experts only looked at her with dismay.

She suggested that the flashlights be distributed through grocery stores! Gasp! Fortunately, she sold the decision-makers on her idea. The result – bigg sales! You’re the expert.

Keep in mind that sometimes that’s a curse. Be open to new ideas, even from novices!

Our bigg quote today comes from William Shakespeare.

“We know what we are, but know not what we may be.”

If you know at all, you’ll know that you don’t know it all.

Next time, we’ll discuss climbing the stairway to … success. Until then, here’s to your bigg success!

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00045-011108.mp3

Is Your Star Shining Bright?

Today, we want to share the timeless secret to overcoming all the odds. We’re mixing it up a little … we usually end with our bigg quote. We’ll start with it today because it’s central to our discussion.

It’s our favorite quote here at Bigg Success, by the author, B.C. Forbes.

“It is when things go hardest, when life becomes most trying, that there is the greatest need for having a fixed goal, for having an air castle that the outside world cannot wreck. When few comforts come from without, it is all the more necessary to have a fount to draw from within. And the man or woman who has a star toward which to press cannot be thrown off the course, no matter how the world may try, no matter how far things seem to be wrong.”

So what’s the timeless secret to overcoming all the odds? Here it is …

You can overcome all adversity by knowing your bigg purpose.

Why, you ask, is it so important to have a star toward which to press? A bright star that’s constantly in sight.

  • It helps keep things in perspective.
  • By keeping your bigg purpose – your star – shining bright, little things don’t matter as much. You’re able to let them roll off you. They don’t bother you so much. You have bigger things to which to tend. You can make the right decisions much easier.

  • It provides a fixed point of reference for all the movement around it.
  • The biggest star of all, the sun, doesn’t move. The planets do, revolving around the sun. There are asteroids and all kinds of other things in space in constant motion.

    Back on Planet Earth, there is also constant movement – it’s called change. It’s everywhere – happening faster and faster. You can’t control everything, but your response is much clearer when you have a star toward which to press. You adapt … your bigg purpose stays in place.

  • It serves as an internal reserve to counteract external forces.
  • Friends, family, and colleagues usually have the very best intentions. In spite of that, sometimes they say things that may create doubt. You may become so afraid that you don’t take any risk; you don’t stick your neck out, which ultimately means you don’t accomplish what you want.

    There’s comfort in your star. You know what you’re trying to accomplish. That inner sense keeps you pushing on to the life you want.

The Iron Man Dad
We were e-mailed an inspiring story about living with purpose a while back. Dick Hoyt’s son, Rick, was born with cerebral palsy. Due to some complications at birth, the doctors told Dick that Rick would never talk or walk. That day, Dick found his star – to make life for Rick as normal as possible.

Time passed and Rick graduated from high school. He went on college and earned a degree in special education. While there, he helped his school, Boston College, develop a computer system that enables people like him to communicate.

Here’s where the story gets even more interesting …
Rick heard about a fundraiser – a five-mile run to benefit a young man who was paralyzed. Rick told his dad that they had to help. So Dick pushed Rick in a two-wheel running chair.

That wasn’t enough for this dynamic duo. They moved on to marathons – that’s over 26 miles! Then triathlons. Finally, they signed on for the Iron Man competition.

Dick attaches a tow line around his waist and pulls Rick for the 2.4-mile swim. Then, using a specially built bike, Rick sits in a seat in front of Dick for the 112-mile ride. Finally, Dick pushes a three-wheel chair for the marathon portion of each event.

Now, nearly 1,000 races later, would you say Rick has a normal life? It’s extraordinary. Dick Hoyt set out to create a normal life for his son. He accomplished that, and inspired an entire world!

Do you have a star toward which to press? Look for your star today so you can endure – even in the most difficult of times.

Next time, we’ll talk about the greatest miracle of all. You might just be surprised when you hear what it is. Until then, here’s to your bigg success!

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Ride The Wave, Dude!

By Bigg Success Staff
01-31-08

Life Changes

eyes_of_a_child_jpgBen Franklin said, “Nothing is certain except death and taxes.”

Isn’t it comforting to know that nothing has changed … wait a minute, a lot has changed!

Isn’t there another implicit certainty is his famous quote? You can be certain that things will change.

The question is: are you leading change in your life or is it leading you?

As technology continues to develop, change is occurring more and more rapidly. Isn’t it safe to assume that, in the future, this will continue?

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.

Hopefully, you’ll see that as a simple choice. After all, you’re a bigg goal-getter, aren’t you?

You have to ride the wave!

Here are four things you should evaluate to prepare for your ride.

Understand your risk tolerance.
With risk comes reward. Studies of wealthy people show that they take more risk, on average, than people who aren’t wealthy.

Some people are so risk-averse that they do nothing risky at all. Unknowingly, they may be taking the biggest risk of all in today’s rapidly-changing world!

Ride the wave!

Test your perceptions.
As we grow older, we develop a point-of-view based on our past experiences.

We put our hands on a hot stove. It hurts! So we don’t do it again. We learned our lesson.

Sometimes, though, we take the wrong lesson away. We get out of our comfort zone and get burned. So we don’t test ourselves anymore. That’s a dangerous attitude today!

Maybe you’ve been thrown off your surf board before. Get back on! Ride the wave!

Look for trends.
There are fads and there are trends. Fads come and go. Don’t worry about them. Trends are long-term. You need to get on board with them.

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?

Pick your wave and ride it!

Don’t expect perfection.
If you take risk and try to get on the forefront of trends, you’re going to make mistakes. Expect them! Celebrate them!

The key, though, is to learn from them. Think about it – you’re gaining valuable knowledge while most other people are still on their heels. You’re even further ahead!

You can embrace change or you can begrudge it. You only have one life to live. Why not find a bigg wave and take the ride of your life?

Find out when we post new articles. Subscribe to the Bigg Success Weekly.

Hear today's lesson and laugh on The Bigg Success Show. 

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(Image by Lapernas 2.0, CC 2.0)

The Home Stretch

By Bigg Success Staff
December, 06 2007 

Work-Life Balance

We recently discussed how pushing yourself to your limits leads to your peace of mind. “Brazen Careerist” blogger, Penelope Trunk, wrote a related post recently called “Don’t get too comfortable at home after work.”

She cites the book, Satisfaction: The Science of Finding True Fulfillment written by Gregory Berns. Berns is a professor of Psychiatry and Behavioral Science at Emory University and Biomedical Engineering at Georgia Institute of Technology. Now that’s a title!

In his book, Berns discusses the mood-lifting chemical reaction that occurs in your brain when you stretch yourself. Trunk asserts that you won’t be happy if you only push yourself at work. You also need personal growth at home. Otherwise, you’ll feel a void. Her post is ripe with ideas. We think you’ll enjoy reading it. Here are some thoughts on how to begin.

Shake up your after-work routine
Start with little changes. Make it a habit. You’ll soon feel excited about your new routine. Then you’re ready for bigger and better things.

  • Instead of sitting, stand. When you would usually stand, walk.
  • If tonight is pizza night, order a Hawaiian pizza instead of pepperoni.
  • Instead of staying at home, go out. Instead of going out, stay in.
  • Watch an educational show instead of that show you normally would view.
  • Eat dinner at the table, instead of in front of the television.
  • Instead of surfing the internet, browse materials at your local library. You remember the library, don’t you?

Without balance, you can’t be whole. It’s analogous to taking elective courses. They round you out. You become a more interesting person because you expand your point-of-view.

Without growth, in all areas of your life, you won’t feel fulfilled. Begin with baby steps. Make stretching yourself, at work and at home, a habit. Start today!

Related link:
The Work Life Teeter -Totter (article)
Stretch Yourself Anew (blog, show)