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image of food on a table with a wooden spoon and the blog title:Work From Home Business Story

Work-from-Home Mom Turns $3,000 into a $740 Million Business

image of food on a table with a wooden spoon and the blog title:Work From Home Business Story

This work-from-home mom wanted to contribute to her family’s finances. She did more than that – she turned a $3,000 investment into a $740 million business.

On The BIGG Success Show, we discuss the story of Doris Christopher, Founder of The Pampered Chef. With $3,000 borrowed from a life insurance policy, she created a business with sales of $740 million a year, at the time she sold The Pampered Chef to Warren Buffett. Here’s a summary of our discussion on the podcast.

This show is a continuation our last two shows. First, we talked about 5 easy steps to personal leadership. Then, last time, we discussed your arena of service – which is about who you serve and where you serve them. Today, we want to talk about the BIGG Success Power Triangle. We’ll use Doris Christopher’s story as an example.

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/01006-011520.mp3

Work-from-home and make money

[George] One semester, my students and I, at the University of Illinois, participated in a guest lecture given by Doris, who is an alum. The information here comes from my notes of her presentation.

She also documented her story in her book, The Pampered Chef: The Story of One of America’s Most Beloved Companies*.

Doris is the quintessential successful work-from-home mom. This former home economics teacher started The Pampered Chef in 1980 with $3,000 borrowed from a life insurance policy. At the time, she was a 34-year old wife and mother of two. She had no business experience.

Like 69% of entrepreneurs, Doris started her business from home. Her basement was the initial distribution center and headquarters for The Pampered Chef.

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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.

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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.

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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…

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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”?

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