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What the Car You Drive Says About You

porsche_cake.jpg It’s not what you make that really counts; it’s how much you keep. We base that on studies that show how millionaires became millionaires. Sure, they’re always trying to earn more, but they really watch what they spend. That’s one of their secrets to success in many cases.

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Only you know your terms

We were recently at a birthday party for our friend, Tim. His wife had a really cool cake for him. It’s the picture you see with this post.

We were talking with Tim about his Porsche. He’s one of our regulars here at BIGG Success and he commented about how we’re always talking about frugality. A Porsche may not be consistent with that mindset.

But BIGG success is life on your own terms. If your terms include having a Porsche parked in the garage, then more power to you!

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georgeThat’s one of the things we love about our definition of bigg success – it’s not judgmental. I can’t tell you what’s best for you. Just like you don’t know what’s right for me. Heck, sometimes I don’t even know what’s right for me!

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marylynnThat’s the beauty of life on your own terms. When you’re living it, you don’t judge other people because you think, “Oh, that’s life on their own terms.”

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We try to report what works – what research shows helps you get to that next level of success in your life. But we can’t tell anyone what the right choice is for them. You decide because you’re the one who lives with it.

We hope we provide some additional insight to help you with your decisions, but ultimately you’re the entrepreneur of your life. You’re in charge.

Your car is an expression

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How to Turn Down a Promotion

no.jpg Bigg success is life on your own terms. Last time, we talked about how to use the five elements of bigg success to determine if a promotion is right for you.

A lot of people are afraid to turn down a promotion even in the best of times. Now there is even more pressure with the tight job market.

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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.

A graceful decline

You want to live your life on your own terms. If that means this opportunity isn’t right, then you need to find a way to gracefully decline it.

You still want to be viewed as a team player. You don’t want to put your current job or standing in the company at risk. Of course, there’s no guarantee of that, whether or not you accept the promotion.

So let’s talk about your strategy. How should you proceed?

Genuinely thank them for offering you the position

It is an honor and you should treat it as such even if it’s not right for you. Express that to them.

Respect the agenda of your boss

While you’ve thought about your terms and determined this wasn’t a good fit, obviously your boss thinks it is – that’s his or her terms. Be respectful of those terms and try to help your boss fulfill them. How?

Focus on what you can do, not what you can’t do

For example, perhaps you’re willing to accept some additional responsibilities while they train the replacement. You’re willing to take these duties on in the short run; you just don’t want to do it for any lengthy period of time.

Point how it benefits them to keep you where you’re at

For example, your current position may really play to your strengths. You know your job well and you believe you can make a more significant impact by staying put.

Quickly follow up with one or two specific examples

How have you made a difference recently? By helping your boss see how you help the company where you’re at, he or she is more likely to agree that it’s a good idea to keep you there.

Now obviously, this is going to be a very important conversation. So before you sit down with your boss …

Practice. Practice. Practice.

Practice with your significant other or a friend. Practice in front of a mirror. Practice until these five steps and the words you will say are clearly mapped out in your mind.

Life on your own terms is important. It’s also important to help the key people around you live their lives on their own terms. That’s bigg success!

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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 when we talk about what your choice of car may say about you.

Thanks for spending your time with us. Until next time, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00375-041709.mp3

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Should I Accept a Promotion

indecision.jpgWe recently ran across a study by the University of Warwick. We found it interesting that their results fly in the face of a long-held assumption.

For years, it’s been assumed that people get healthier after a promotion. Researchers postulated that people who get promoted feel more in control of their lives. They also thought these people may feel better about themselves.

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More mental strain

But the researchers at the University of Warwick found that this wasn’t the case. In fact, they showed that people who get promoted have ten percent more mental strain on average.

It makes sense, doesn’t it? A promotion often comes with increased responsibilities, increased hours, and perhaps more people to supervise.

It can place a tremendous amount of pressure on our free time. The researchers at the University of Warwick cited this time pressure as a reason that people were twenty percent less likely to go to the doctor after a promotion.

It’s life on your own terms, not the terms of your company

Our business culture tells us that we’re supposed to move up. We’re supposed to seek out opportunities to get promoted.

But as you know if you’re a regular reader, bigg success is life on your own terms. You have to decide if a move up is consistent with how you define bigg success. Nothing else matters.

It’s not absolute

There’s more than one way to move up. One person may choose to move into management. Another one masters a craft and becomes known for it. That’s moving up too!

You may want to move up, but now is not the right time. When you think of life on your own terms, think of “terms” as phases of your life. You may have kids at home and want less responsibility right now. That’s a great reason to postpone a promotion.

When the kids go to school full-time, the time may be right. You’re breaking life on your own terms down by the terms of your life.

A framework for decision-making

We’ve identified five elements to bigg success – money, time, growth, work and play. You can use the five elements to help make decisions like this one. Let’s break it down:

Money – You’ll presumably have more if you accept the promotion.

Time – You have the same amount no matter what. But most likely, you’ll have less time away from work.

Growth – Even though their sport seems like it requires mostly physical abilities, top athletes understand how important their mental condition is. We must understand that we need to look out for our health as well as our mental abilities. Besides that, a promotion may allow for a lot of personal growth or it may detract from the personal growth you really want.

Work – You may find your work more, or less, fulfilling. It depends on your goals.

Play – You’ll likely have more money to spend on leisure but less time to enjoy it.

When you know what life on your own terms means to you, it makes it easier to make decisions. The five elements offer a framework to make those bigg decisions. Think about how the five elements come into play with life on your terms and then consider how any potential opportunity affects them.

Don’t stop there!

We’ve also said that the bigg idea behind bigg success is to find synergy. You may realize that the real secret to making this promotion work is to learn to delegate effectively. That’s growth – one of five elements.

You may find that you can accept the promotion, move up at work, and make more money without sacrificing time for play. It may even involve a little more time initially while you develop your delegations skills, but you know it’s worth it because of all the long-term benefits.

Look for synergy in the five elements as you consider opportunities for even bigger success!

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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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So what if you decide a promotion isn’t for you? Please join us next time when we talk about how to turn it down.

Thanks for reading our post today. Until next time, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00374-041609.mp3

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Ramp Up Your Savings

uptrend.jpgBigg success is life on your own terms. One of the five elements of bigg success is money. We need to plan ahead so we have enough money to live our golden years on our own terms once we no longer work, another one of the five elements. Otherwise, it’s hard to imagine our golden years being golden.

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The silver lining

There’s at least one silver lining (boy, we’re hitting all the precious metals today) in the dark cloud we’ve been experiencing with the economy – we’re saving money again! It’s not easy to save money, but many of us have realized how important it is to have a reserve.

Financial planners say we should save at least ten percent of our income to put toward retirement. We’ve even heard some recommend twelve percent.

A lot of us face a bigg challenge in socking away that amount of money. Some people may get discouraged because they can’t come close to saving ten percent. So they just don’t save at all.

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georgeI can relate to that because I’m somewhat of an all or nothing guy. But as my dad used to say, “Fifty percent of something is better than a hundred percent of nothing!”

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marylynnAnd nothing is what we end up with if we don’t stash some away now! But there’s no need to get discouraged if you’re not saving all that financial planners recommend.

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Ramp up your savings pain-free

Let’s consider a hypothetical couple that has a household income of $100,000. They should save $10,000 according to the experts, but they’re only able to save $3,000.

However, they are determined to find a way to get to that ten percent. They decide that, one way or another, they will make an extra $2,000 every year, year after year, for the next five years. So they plan to make $102,000 next year, $104,000 the following year and so on. This may come from pay raises, bonuses, or a part-time job or business.

Let’s assume that they’re able to invest all of this extra money in a tax-deductible retirement account so they don’t have to pay any taxes on this income now. They also keep investing the $3,000 base they started from.

By the fifth year, our hypothetical couple is making $108,000 and saving $11,000. So they’re now actually saving a little more than financial planners recommend and they did it relatively pain-free!

Ramp up your savings pain-free

Let’s consider a hypothetical couple that has a household income of $100,000. They should save $10,000 according to the experts, but they’re only able to save $3,000.

However, they are determined to find a way to get to that ten percent. They decide that, one way or another, they will make an extra $2,000 every year, year after year, for the next five years. So they plan to make $102,000 next year, $104,000 the following year and so on. This may come from pay raises, bonuses, or a part-time job or business.

Let’s assume that they’re able to invest all of this extra money in a tax-deductible retirement account so they don’t have to pay any taxes on this income now. They also keep investing the $3,000 base they started from.

By the fifth year, our hypothetical couple is making $108,000 and saving $11,000. So they’re now actually saving a little more than financial planners recommend and they did it relatively pain-free!

  • not being discouraged at what they could save now
  • saving every bit they could now
  • improving it a little bit every year

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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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The underlying secret

In this simple example is a secret that can help you with all your goals, not just your financial ones. Bigg success is life on your own terms. If you think about “terms” as time frames, you can reach bigg success faster.

We’ve said that you are the entrepreneur of a very important enterprise – your life. You may or may not be an entrepreneur in the traditional sense of the word. That’s immaterial. What’s important is that we can learn a lesson from successful entrepreneurs, particularly those who work with outside financiers like venture capitalists.

Milestones

An entrepreneur and a venture capitalist come to terms and strike a deal. The venture capitalist will invest a large amount of money in an entrepreneur’s company. However, the entrepreneur only gets a certain amount of it upfront. He or she must complete some agreed upon action – for example, get a customer – by a certain time to insure the venture capitalist puts in more money. These agreed upon actions with a deadline are called milestones.

As the entrepreneurs of our own lives, we think it’s helpful to set milestones in all areas of our lives.

Think about your bigg goal.

Then carve it up into milestones – specific activities you will complete by a certain time.

By breaking your bigg goal into little actions with deadlines, you can achieve things that you would think were impossible otherwise.

You can measure your progress each step of the way. You can take corrective action if you’re off the mark. Or if you’re ahead of schedule, you can celebrate your bigg success!

Do you set milestones?

Tell us how you do it by leaving a comment below, calling us at 877.988.BIGG or sending us an e-mail at bigginfo@biggsuccess.com.

Thanks so much for reading our post today!

Please join us next time as we build on this subject of milestones. We’ll talk about creating a cumulative advantage.

Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00371-041309.mp3

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Mixing Work and Play

work-play.jpgFortune does a great job every year of compiling the 100 best places to work. They put out the list for 2009 a little while back. We found their top pick this year interesting.

NetApp, a data storage and management company, knocked Google out of the top spot for the first time in three years.

You can find a great video about NetApp on the Fortune site. NetApp invests time and money to create a culture where people want to work. The video shows people playing volleyball and working out in the company gym. It sure doesn’t look like work!

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They do more than encourage play time at work

NetApp has a program that pays employees to take time off to volunteer for something they’re passionate about. They’ve found that employees sometimes come together to work on a cause. So this program has helped build teamwork among their people.

You may be thinking …

“Well, this is great but it sure wouldn’t work in my business.”

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georgeI understand why someone might think that because it wouldn’t have worked in the businesses I was in before we started Bigg Success. Most of our people were in the field. We didn’t need a gym – the work was very physical so most of our employees got a great workout with their job. We were lucky to see most of our people for fifteen minutes a day. But the details of what NetApp does aren’t really important.

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marylynnYeah, it’s the idea behind what they’re doing at NetApp that we think is most interesting. Bigg success is life on your own terms. The leaders of the company are certainly doing that. They set out to build a great company by creating a great place to work. The founder says that they took a leap of faith and spent time and money to create this incredible environment for their employees.

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That’s three of the five elements of bigg success right there – growth, time and money! But they hit all five because they have found ways to let their employees play at work.

Now isn’t that an interesting idea? Work doesn’t have to be … work.

Something magical happens

In the interview, NetApp’s founder talks about energizing people. They think when people feel good – when they feel motivated – something magical happens.

That’s why we’re talking about them today. They are a great example of something that’s critical to living our lives on our own terms. It’s the bigg idea behind bigg success:

You create synergy between the five elements of bigg success by understanding the relationship between them and discovering ways to get them all working in sync.

Our lives are fuller when we’re able to do that.

We work to make money so we can afford to play. But what if you can work and play all at the same time. Isn’t that so much better?

What if you loved your work so much that it seemed like play? What if that work paid you enough to buy everything you really wanted?

NetApp took a leap of faith that’s paying off for them. Sure, they’re being affected by current economic conditions. But their market share has gone up in spite of it.

It can happen to you too. In your life. In your business.

Look for ways to blend the five elements for your benefit. That leads to bigg success!

Have you found ways to blend work and play?

You can share that with us by leaving a comment below, calling us at 877.988.BIGG or sending us an e-mail at bigginfo@biggsuccess.com.

Thanks so much for stopping by our site 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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Bigg success is life on your own terms. Please join us next time as we discuss ramping up your savings one term at a time.

Until then, here’s to your bigg success!

 

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00370-041009.mp3

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