Posts

Image of a squirrel with the blog post title: 5 Ways to Squirrel Away Money

5 Ways to Squirrel Away Money

Image of a squirrel with the blog post title: 5 Ways to Squirrel Away Money

Just as squirrels hoard nuts for winter, we can squirrel away money to get through an economic winter. We share five ways to weather a downturn.

Brought to you by FinancialFreedomTool.com

On this BIGG Success Show, we discuss how to prepare financially for tough times. Here’s a summary of that discussion…

This show was inspired by the many busy squirrels in our neighborhood, conducting their annual march to winter.

Here’s a story of a smart young woman who met a wise old squirrel.

Read more

Give Yourself a Raise

dollar signs with the blog post title:give yourself a raise

Many people don’t realize they don’t have to wait on their boss to get a pay raise. You can give yourself a raise by following three steps. Brought to you by FinancialFreedomTool.com.

We discussed pay raises on The BIGG Success Show today. You can do things which may increase your ability to get a pay raise, but you can’t control whether or not your boss gives you one. But you don’t have to rely on him or her. You can give yourself a raise. Here’s a summary of that discussion.

Read more

how debt can springboard you to wealth

How Debt Can Springboard You to Wealth

how debt can springboard you to wealth

If you have debt, turn it to your advantage. Few people realize that debt can springboard you to wealth. We share an example of this on today’s podcast.

On The BIGG Success Show today, we talk about how to get out of debt.

This show is inspired by a recent report on consumer debt levels by the Federal Reserve Bank of New York. It shows that household debt in the U.S. hit a record high in the first quarter of 2019, up 8% from the previous record reached in the third quarter of 2008.

So if you’re in debt, you’re not alone. But debt can be good or bad. We believe debt is a tool. So today, we show you how to get out of debt and then, how to use debt to your advantage – to turn debt into wealth. Here’s a summary of that discussion…

Read more

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”?

Read more

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.

Read more