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Does Your Career Affect Your Lifestyle or Vice Versa?

linkedHere’s a story we’ve been told our whole life:

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You choose a career.
You get a job.
It pays the bills.
Life is good.
You live happily ever after.
If you’re lucky. Because …

If you’re lucky, you love your job.
If you’re lucky, your work is stimulating.
If you’re lucky, there is room for growth in your chosen career. 
If you’re lucky, you earn enough from your job to support your desired lifestyle.
If you’re lucky, your job also affords you time to enjoy the fruits of your labor.
If you’re lucky, you realize that luck is only a small part of all of these things.

As the old saying goes, “It’s better to be lucky than smart.”

Lifestyle costs affect career decisions
However, smart decisions often increase your chances of getting lucky. And who doesn’t like to get lucky?

You get a job to support your lifestyle. But how does your lifestyle affect your career?

  • If the costs of your lifestyle put too much of a demand on how much you have to make, you may have to take a job that you don’t love just to pay for your lifestyle.
  • If your lifestyle consumes every penny you make, you may have to jump at the first offer that comes along instead of being able to select the job that fits you best.
  • You may have to take a job that takes up all of your time. You have no time to do anything else including things you love to do or spending time with people you love.

Find harmony between the two
The two are completely interdependent. Your career choices affect your lifestyle. That’s certainly true. But the piece that’s missing is that your lifestyle also affects your career decisions.

In other words, how you spend your money may determine how you earn money.

Bigg success is life on your own terms. The five elements of bigg success are money, time, growth, work and play. The bigg idea behind bigg success is that there is synergy between these five elements.

You are the entrepreneur of your life. It’s implicit in our definition of bigg success. You and you alone are in charge. Successful entrepreneurs understand that their business finances and their personal finances are linked.

Their business has to make enough money support them. But that’s only half the story. They also have to be careful that they don’t put too much of a burden on the business with their personal financial decisions.

Even if you aren’t an entrepreneur in the traditional sense, it’s helpful if you see yourself in business for yourself. You may have just one customer – your employer. Your lifestyle affects your career and your career affects your lifestyle. Find the harmony between them and you’ll find bigg success!

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Thanks for reading our post today. Please join us next time when we discuss the one thing you need to face challenges with confidence. Until then, here’s to your bigg success!

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How to Weather Financial Climate Change

weather_a_stormBigg success is life on your own terms. There are five elements of bigg success – money, time, growth, work and play. Today we’ll focus on money.

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We hear a lot about climate change and its implications. It occurred to us that financial markets change much like the weather.

So here are 4 tips for weathering financial climate change:

Asset prices heat up and cool down

Stock prices skyrocket. Then they fall.

Real estate prices rise. Then the bubble bursts.

Nothing goes up linearly. Yet most of our projections do. Plan for all weather – diversify.

You won’t create much wealth without taking some risk. But you can manage that risk by investing across asset classes (e.g. stocks, bonds) and within asset classes (large cap, mid-cap and small cap stocks).

Price movements can be extreme

Experts are predicting more volatility in the years ahead. We don’t mind it when prices are rising quickly. But we have to be prepared for the other side as well.

Very, very few people successfully time the market period after period. So it’s important to move your money to less risky assets as you near the date when you’ll need it. If you’ll need it in less than ten years, you may want to look at shifting money to something less risky.

As we always say, talk with your financial planner about your specific situation to determine your best move.

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Watch your emissions

By emissions, we mean money out the door. In our businesses and in our personal lives, it’s much easier to spend less than to make more.

When you’re getting ready to spend it, think about how many hours you have to work to earn the money in the first place. If you really want an accurate picture, do this on an after-tax basis.

Make the green house effect work for you

When you’re buying a house, ask some important questions. Do you really need that extra room? How often will you use it?

You may decide to buy a smaller house and invest the “green” to further diversify your portfolio and increase your returns.

Also, invest your “green” in energy efficiency. Improving the efficiency of your home pays you back month after month by lowering your utility bills. You can’t say that about most outlays.

Take these four tips and go green to build a sustainable future for yourself. That’s bigg success!

How are you weathering financial climate change?
Share that with us by leaving a comment, e-mailing us at bigginfo@biggsuccess.com or leaving a voice mail at 888.455.BIGG (2444).

Thank you much for visiting us today. Next time, we’ll discuss a positively fantastic way to improve your bottom line. Please join us. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00496-100709.mp3

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Mixing Business with Pleasure

pay-offBigg success is life on your own terms. The five elements of bigg success are money, time, growth, work and play. Today we want to focus on time.

We’re told to never mix business with pleasure. Is that really the best paradigm today?

Our answer: it depends. However, we think that it is a good idea with a few exceptions.

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Be careful

There are times when it’s risky to mix the two. One obvious example is getting involved romantically with a co-worker. You really have to be careful here. It can come back to bite you.

You also have to be careful if you go into business with, go to work for, or hire friends or family.

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marylynn
For example, it can really be tough to work with your spouse.

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georgeWait a minute, Mary-Lynn. I’m not sure I like the direction this conversation is heading.

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marylynnIt works just fine for us, but I can’t tell you how many people have told me they could never do what we do. We’re together almost all the time. It’s great, but it does present its challenges.

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georgeYou have to be aware of that and do what works best for you. Mary-Lynn can’t get enough of me so it works out well for her!

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Work is play

If your work isn’t pleasurable, then don’t do it. Work can be work or work can be play. If you love your work, it’s like not working at all.

You’ll be more productive doing work you love. You’re more likely to rise to the top of your field if you do work you find pleasurable.

Fun people

If you work with people with whom you don’t enjoy working, work with other people. Life’s too short. Build relationships with people who you like to be around.

You may retort that you can’t control who your co-workers are. We understand. However, if your company is large enough, you can choose who you spend the most time with when you’re not on-task. Hang with people who are positive, forward-thinking, and fun to be around.

Travel

We often mix business with pleasure when we travel. Even if it’s just sneaking away for some sight-seeing for part of the day, it makes the whole thing more fun.

Mixing business with pleasure creates synergy – the bigg idea behind bigg success. Keep both worlds at the top of your mind simultaneously and find synergies between work and play. It will help you reach bigg success even faster!

How do you mix business with pleasure?

We’d love to hear from you. Leave a comment below, call us at 888.455.BIGG (2444) or e-mail us at bigginfo@biggsuccess.com.

It’s been a pleasure to visit with you about business today. Thanks for checking in!

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

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Please join us next time when our good friend, Jim Bouchard – the Karate Guy – talks with us about how to think like a Black Belt. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00457-081109.mp3

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Investments That Always Pay Off

pay-offBigg success is life on your own terms. The five elements of bigg success are money, time, growth, work and play. Today we’ll focus on money.

You may have noticed that the market is up year-to-date. That’s the good news. The bad news is that we’re still off quite a bit from the top.

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The main market indicator, the S&P 500, hit its highest level in history on October 9, 2007. The good old day, we guess you could call that.

It hit its most recent low on March 9, 2009, off 57% (excluding dividends) from that high nearly one-and-a-half years earlier. Of course, now we’re up over 49% from that March low but we’re still off about 35% from the high if we factor out dividends.

The bottom line is that our portfolios have still taken quite a hit. It made us wonder …

Are there investments that don’t lose value?

It depends on your goal.

Your investment goal

Why do you invest? Obviously, you want more money. Why?

For some people, it’s the end. However, the end is pretty empty. For most of us, it’s a means to an end. Instead of financial returns, we really want emotional returns.

We want to be happier!

If that’s the case, research shows there may be a more direct path to happiness, assuming that basic needs — food, shelter and clothing – have been met.

Invest time in work you love

We tend to follow an indirect path to happiness. For example, many people strive to build a portfolio that allows them to retire when they want.

One direct path to happiness is to do the work you love. Bea Arthur, the late-great actress, said:

“Actors don’t retire. People who work in jobs they don’t like retire.”

Invest time to find the work you love. Invest time doing the work you love. It’s an investment with returns beyond your wildest dreams.

Invest time in relationships

Some people want more money so they can buy things. There is a more proven path to happiness.

Invest your time in relationships. Research shows this delivers higher returns on the happiness scale than having more money.

The direct path creates synergy

Bigg success is life on your own terms. The bigg idea behind bigg success is synergy. One place to search for synergy is between the five elements of bigg success.

Let’s look at two of the five elements of bigg success – money and work. You don’t need as much money to be happy if you’re doing work you love.

The funny thing, though, is that research shows that doing the work you love often leads to more money. If you put first things first, you end up better off all the way around. That’s synergy!

Now let’s look at money and play. Research shows that strong relationships lead to greater happiness than more possessions. You can save money by having friends.

It’s also interesting that, in our interconnected world, those relationships may very well lead to more money if you don’t force the issue. Put the relationship first and let the money follow.

Invest directly in happiness by investing time doing what you love with people you love. 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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Thank you so much for checking in with us today. Please join us next time when we discuss mixing business with pleasure. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00456-081009.mp3

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Network Like a Cat

catBigg success is life on your own terms. Our focus today is work, one of the five elements of bigg success.

You may have heard about this. As cat-lovers, we found it fascinating. Researchers have identified a special purr – they call it the “solicitation purr” – which cats use to get attention.

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The researchers say the solicitation purr is a combination of a regular purr and a sound that resembles a crying baby. While cats purr with each other, it appears they really ramp up their solicitation purring when they communicate with us humans to get our attention.

Almost all the people who listened to cats purring identified the solicitation purr as more urgent. So we have trouble resisting it.

It made us think about networking. We’ll talk about the three networking cats:

The cat that meows

As soon as you meet them, whether in the real world or online, they pounce. They’re in your face making as much noise as they can. They want your attention and they want it now!

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georgeI remember getting a friend request in Facebook. I accepted. The next thing I knew, my new friend sent me a message that said, “George, do you have any health problems?” It turns out he was involved with a business that sold a product to improve your health. But isn’t that a strange way to greet a new friend?

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marylynnYet we see it all the time. I think it happens more with social networking. For some reason, it’s as if people don’t think they’re communicating with another person. They think they’re communicating with an object – a picture or a computer. But there’s a real person there.

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Being too aggressive too quickly may occasionally produce results. But most of the time, we avoid these cats. If we do encounter them, we get away as quickly as we can.

The cat that purrs

These cats sit around purring, mostly keeping to themselves. They’re content to let people come to them. They don’t make an effort to meet new people or to extend their social circles.

Because they’re so content just living in their own world, these cats miss out on a lot of opportunities because they don’t expand their network or it expands very slowly.

The cat with the solicitation purr

These cats want attention but they’ve learned there is a better way to get it than meowing. They’ve also learned that their regular purr doesn’t get results either. So they’ve evolved by creating a new purr. It has a sense of urgency along with a sense of calm.

Think about attraction, not the law of attraction but what attracts one person to another. People aren’t attracted to people who seem desperate. This is true in romantic encounters, but it’s also the case for professional encounters.

However, people also aren’t attracted to people who seem aloof. Cats who just sit around purring may be perceived as snobbish.

So evolve. Be the cat with the solicitation purr. Exhibit calm and urgency at the same time and you’ll network your way to bigg success.

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

___

Thanks so much for reading our post today. Please join us next time when we’ll talk about bigg water. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00439-071709.mp3

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