image of stock market graph on a laptop for the blog post titled: the best investment strategy for normal people

The Best Investment Strategy for Normal People

image of stock market graph on a laptop for the blog post titled: the best investment strategy for normal people

The best investment strategy for normal people (i.e. non-financial types) is simple. Yet it tends to yield better risk-adjusted returns than a commonly touted investment strategy.

We discussed whether or not the stock market is haunted on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by recent fluctuations in the stock market. What’s the best investment strategy to deal with these fluctuations, if you’re a normal person (i.e. non-financial types)?
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Use the Rule of 72 to Simplify Your Financial Decisions

the rule of 72 a financial tool for BIGG SuccessToday on The BIGG Success Show, we brought back one of our favorite bits – Terms from a Hat. This time we pulled out…The Rule of 72.

Hear George & Mary-Lynn on The BIGG Success Show! Click the player to listen (Duration 6:40)

The Rule of 72 is a quick way to determine how many years it takes to double your money. You simply divide the interest rate into 72 to get the number of years it will take to double your money. For example:

Let’s say you have an investment that earns 6%. 72 divided by 6% = 12 years. You’ll double your money in 12 years.

See how easy that is!

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10 Steps to Get Rich

Cash Flow Quadrant | BIGG SuccessHe started in 1975 with just $700 to his name. Now he’s a millionaire many times over.

He’s the amazing Robert Kiyosaki, author of the #1 New York Times best seller Rich Dad, Poor Dad. And he has a simple message:

“With every dollar in your hand, you have the power to choose to be rich, poor or middle class.”

We found a great post by Robert Kiyosaki over at our friend Josh Hinds’ Get Motivation blog. It’s lengthy, but well worth the read.

We’ve provided a summary here for your convenience. Here they are – Robert Kiyosaki’s 10 Steps to Getting Rich:

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The Banker Who Nearly Cost His Client a Fortune

ford-assembly-lineHenry Ford had a friend named Alexander Malcomson. He convinced Ford to raise money and do it BIGG. Ford resisted at first before giving in.

Malcomson’s job was to peddle the stock. He asked his attorneys, John Anderson and Horace Rackham, to invest.

Anderson jumped at the chance. Rackham sought the advice of his banker, one of the most respected bankers in Detroit. Rackham explained the opportunity to the banker.

The banker pointed out the window of his office and said, ‘You see all those people on their bicycles riding along the boulevard? There is not as many as there were a year ago. The novelty is wearing off; they are losing interest. That’s just the way it will be with automobiles. People will get the fever; and later they will throw them away. My advice to you is not to buy the stock. You might make money for a year or two, but in the end you will lose everything you put in. The horse is here to stay, but the automobile is only a novelty – a fad.’

Rackham was convinced until he ran into Malcomson a few days later. Malcomson convinced him to take a flyer on the fledgling company. Rackham invested $5,000.

How did it turn out? Rackham eventually sold his stake for $12,500,000.

BIGG success comes to those who listen to the right advice.

Source: The Truth about Henry Ford by Sarah T. Bushnell

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The Magical Power of Compounding Your Time

time_watchBIGG success is life on your own terms. There are five elements of BIGG success: money, time, growth, work and play. Money and time are our two resources.

Most people are familiar with the compounding power of money. For example: Assume you invest $100 a month in a plan that allows you to defer the taxes when you’re 35 years old. You plan to retire at 65 (30 years from now). If you earn a 6% return (conservative by historical standards), your retirement portfolio will be almost $102,000. Not bad on a total investment over the years of $36,000.

A small amount of money, invested wisely over time, turns into a BIGG sum.

Time compounds like money

What about time? Does it compound? You may not have money to invest. But everyone has the same amount of time every day. Time is the great equalizer.

Time, our other resource, compounds similarly to money. If you invest time, over time, you can create BIGG success. It may come in the form of money or in some other form (e.g. a better life for you and your family).

Here’s the challenge:
If you invest your money in the wrong thing, you may lose all or part of it. Or you may not earn as much on it as you should.

The exact same principle applies to time. If you invest your time poorly, you won’t reach your full potential. You’ll miss opportunities. You must focus to reach BIGG success!

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