Posts

BIGG Success Logo boxed

How To Succeed The George Costanza Way

By Bigg Success Staff
01-24-08

Timeless Principles

U-turn_sign

Do you remember the Seinfeld episode where all the characters turned into their opposites?

George was unattached, unemployed and still living with his parents. He decided that every decision he had ever made was wrong because he was 180 degrees from the life he wanted.  

Since his life was the complete opposite of what he wanted, George decided that he would do the opposite of what his instincts told him. Then he should get his dream life.

Guess what? It worked! The next thing you know, George had a girlfriend, a job with the New York Yankees, and his own place.

We can learn a timeless lesson from George Costanza. There are two ways to succeed.

  • Do what successful people do.
  • Do the opposite of what unsuccessful people do.

We’ve heard it before – successful people do what unsuccessful don’t. While this saying is easy to remember, it doesn’t explicitly state an important fundamental of success.

It’s often easy to do something once. It’s a little harder to do it twice. It’s very difficult to make it a habit. Yet successful people have different habits than unsuccessful people.

That’s the difference – the habits!

You have to consistently pursue success. Moment by moment. Day after day. Year after year. It doesn’t happen in a flash.

It’s not always exciting. It’s about the nitty-gritty. Paying attention to little things.

It’s self-discipline. To do what you need to do, not what you want to do.

It’s delayed gratification. Accepting less now so you can have more later. 

It’s persistence. You have to keep on keeping on. No matter what. Overcome obstacles and keep pushing. Never give up.

Remember this basic principle …
If you continue to do what you’ve always done, then the best you can expect is what you already have.

If you don’t want more of the same, you’ll have to change your habits. Find out what makes successful people successful and do that, or look at unsuccessful people’s habits and do the opposite.

That’s how to succeed the George Costanza way!

Find out when we post new articles. Subscribe to the Bigg Success Weekly.

Hear today's lesson and laugh on The Bigg Success Show. 

Related posts:

150] 

166]  

(Image by norax, CC 2.0)

BIGG Success Logo boxed

How To Make $3 Billion A Year

By Bigg Success Staff
01-23-08

Success Story

000092_money_pic

Unless you’re the Wall Street-type, you’ve probably never heard of John Paulson. You may be familiar with Henry Paulson, the United States Secretary of the Treasury. Well, they’re not related.

We’ll bet that you are familiar with the subprime mortgage mess. John knows it well. He manages his own hedge fund, which made huge bets in the subprime market last year.

In 2007, he made over $3 billion! Yes, we wrote that right. BILLION!

Gregory Zuckerman wrote an excellent article for The Wall Street Journal Online called Wall Street Trader Paulson Made Billions on Subprime. He does a fantastic job describing the details of how John made his billions. It’s definitely worth the read, particularly if you’re a serious investor.

Going against the grain
John bucked the herd mentality with his subprime bet. Most people in the business were still very upbeat about the market. John believed that he had a lot of upside potential with very little downside risk. It turns out he was right.

The biggest winners are often “contrarians”. But be careful – find ways to minimize your risk without sacrificing your reward too much.

The outsider’s perspective
John wasn’t an expert in the subprime market. They were all still highly optimistic. Because John was an outsider, he was able to see an opportunity that the insiders missed.

Usually it pays to have special insight into your market. However, sometimes 136 insiders know too much]. That’s when outsiders find opportunities because they’re looking at things with a fresh set of eyes.

Pay the price
John worked long and late, pouring over data to confirm his suspicions. He had a hunch – but he didn’t just play it. He continued looking at the evidence.

You have to pay the price if you want to make millions … or billions! Learn about the market. Look for inconsistencies. But then you have to … 

Go!
John had a bigg idea. It turns out that it was a $3 billion idea! But it’s not the idea that made him the money. He had the courage of his convictions. 130 He took action]!

This is one of the hardest parts of success. You have to put yourself out there. You have to take risk. You’ll never get anywhere until you 144 take a step].  

Persist
John placed his bet … and he lost money! His advisors 166 discouraged him from pressing on]. They reminded him that experienced traders were still very enthusiastic about the market. John didn’t listen – he invested more!

You will face obstacles on your path to success, just like John did. If you’re confident in your idea, you have to find a way to push on. It won’t always work out …. but, you never know, you might just make $3 billion!

The rest of the story
At times during this ride, John faced so much stress that he just had to get away from it all. He went on long runs. Find a way to relieve your stress so you can keep going. Get away from it all somehow.

John started his firm with $2 million under management. Now, from his success last year, new money has poured into his firm. He is now managing $28 billion, becoming one of the world’s largest fund firms. Everybody loves a winner!

Hear today's lesson and laugh on The Bigg Success Show. 

Related posts:

129 Freedom Or Security – Which Do You Choose?]

How To Get Rich

(Image by mokra, CC 2.0)

BIGG Success Logo boxed

Abandon Ship!

Yesterday, we said that persistence is the single most important ingredient for your success. If you persist long enough, you’re sure to succeed! However, you have to be smart about it. With that in mind, here are four signs that it’s time to abandon ship!

Internal signs
#1 – It’s affecting your health.
Your health is more important than any career. You may be having anxiety attacks, experiencing constant stress, feeling burned out or fatigued. These are indications that it may be time for a change.

To succeed bigg, you’ll feel stressed from time-to-time. You need to push on, unless it’s affecting your health long-term. NOTHING is worth that. If your long-term health is being affected by what you’re doing, it’s time to abandon ship!

#2 – You’re bored beyond belief.
You’ve been there, done that. Every day feels like a week. It’s harder and harder to get out of bed in the morning. You don’t look forward to work. You feel like you’re stagnating.

The first sign covers your physical health. Here we’re talking about your mental health. When you’re bored to tears, it’s time to abandon ship!

External signs
#3 – There’s no room for growth.
This is related to the second sign. However, in this case, it’s beyond your control. It may be that you’ve been promoted as far as you can go. Perhaps you can’t expect any significant increase in your income. Maybe your company is reaching maturity.

You’ve taken it as far as the circumstances will allow. If there’s little or no opportunity on the horizon, it’s time to abandon ship!

#4 – The trends are bad.
Change happens. It affects your industry – for good or bad. If it’s creating damage, ask yourself 

Is it a trend or is it a fad?

Fads are short term – they will come and go. Trends are long-term things that you can’t change. Warren Buffet, the Oracle of Omaha, said, “When management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact.”

We don’t doubt that you’re good. But even you can’t buck the trends. If it’s a fad, push on! If it’s a trend that’s devastating your industry, abandon ship!

Have you felt the need to abandon ship? Or maybe you’re considering it now?
Share your experience with us … leave a comment below!

But don’t just jump ship … prepare your life boat first.

Store up provisions.
Find ways to save some money – skip that latte or pack a lunch until you get settled. Set it aside to provide for you and your family.

Don’t forget your life jacket.
This is your support network. Talk to people who will encourage you, weigh in with ideas, and perhaps refer you to good opportunities.

Remember your compass.
Obviously, you need to know that you’re headed in the right direction. Check out these great resources for guidance:

123]    

127]   

Coping With Life Change    

165]    

Are You Going Through A Mid-Life (Career) Crisis  

135 Is It Time For You To Rock And Roll (Change Careers)]    

117 10 Signs That You’re Ready To Quit Your Job And Start A Business]    

34]    

What Makes You Tick    

Finding The “Good” In Good-Bye    

108 How Do You Define Success]      

11 Visualizing The Life You Want (Part II)]    

144]    

Take your oars.
You don’t want to just float, so grab your oars. These are things you can do to steer you in the right direction – like take a class or get a part-time job in a field you think might be interesting.

Bring your flare gun.
Prepare to market yourself – spruce up your resume and cover letter. Think creatively so you get the attention of the right people.

Our Bigg Quote today comes from George William Curtis.

“It is not the ship so much as the skillful sailing that assures the prosperous voyage.”

You are the captain of your own ship. Usually you will persist and stay with the course. But occasionally, the best thing you can do is to find a new ship and start your journey anew. Bon voyage!

Next time, we’ll answer a question for one of our newsletter subscribers. He wants some tips on wooing potential investors over dinner. We’ll talk about how to be dashing while dining!

Until then, here’s to your bigg success!

BIGG Success Logo boxed

Jibber Jobber

By Bigg Success Staff
01-18-08

Leading-Edge Application

jibberjobber

If you are a job seeker, how easy is it to manage all of the information in your job search? It can be a time-consuming and stressful process. We have found a fantastic free tool that will make things a little bit easier for you.

The service is created by Jason Alba, author of I’m LinkedIn – Now What??? The inspiration for this organizational system came from his struggles with information management during his own job search.

It's called Jibber Jobber, and here's what it can help you keep track of:

  • Company research
  • Elevator pitches
  • Resumes submitted
  • Thankyou letters sent
  • Important contact information

Keep all of your compiled information in one convenient place!

In addition, you'll find links to websites, books, resources and guidance to help you with your job search.

Sign up for a free account and start organizing your Jibber Jobber today! 

Hear today's lesson and laugh on The Bigg Success Show. 

BIGG Success Logo boxed

Should You Count On Your Counter-Offer

Bigg Challenge:  We received an e-mail from Patrick, who was approached about a job. He met with the prospective employer and accepted their offer. Then he got an unsolicited counter offer when he told his current employer that he was resigning. He wants to know if he should accept it.

Bigg Advice: Congratulations, Patrick! Isn’t it nice to be wanted? It sounds wonderful, but the reality is that it can be quite stressful. We feel the need to preface our comments – we can give you general advice, but only you can decide which offer you should accept.

  • Why did you accept the offer from your prospective new employer?
  • It’s unclear from the e-mail why you wanted to leave. There are many possible reasons why you may have been drawn to your prospective employer’s offer. Was it money? Maybe you were unhappy at your current job – you just hadn’t started actively searching yet. Perhaps the new job seemed like a better opportunity. We’ll assume that if was a combination of these factors.

  • Why did your current employer counter?
  • We can think of two possible explanations for your employer’s counter offer. First, they may be buying time. Perhaps they’re not prepared to do a search now. The timing is bad because of current business volume. There could be any number of reasons for them to buy time. Just be aware of this. Second, they may truly value you. They really don’t want you to go. They’ve invested in you – you’re part of their future plans. It’s hard to judge intentions. Assume the best, but keep the worst in the back of your mind.

  • Get it in writing.
  • Negotiate your counter offer as if it was a brand new job. If you’ve been promised more money, it will be easy to judge whether they come through. It’s more difficult with other factors. You may want to travel less. Maybe you want more flexibility. Or you need more time off. Perhaps it’s growth opportunities that you seek. These factors are harder to deliver. So ask your current employer to put their offer in writing. Tell them that you appreciate their counter. You want to fully evaluate it. You prefer to stay with them, but you want to know that you’re making the right decision. Seeing it in writing will help you do that.

  • Maintain your relationships.
  • We don’t believe you should let your prospective employer know about the counter offer. They probably expect that anyway. However, you should make your final decision very quickly. Somebody will have a position to fill. Lingering only makes that a bigger problem. Whatever you decide, don’t burn bridges with the affected party.

Thanks for sharing your bigg challenge with us, Patrick. We hope our bigg advice helps you!

Do you have a bigg challenge? We’d love to help. E-mail it to bigginfo@biggsuccess.com

Our Bigg Quote today is by Karl Albrecht.

“Start out with an ideal and end up with a deal.”

You’ve been dealt a good hand. Play your cards well. Maintain your poker face. Draw from within and then place your bet.

Next time, we ask you, “What’s your pickup line?” We’ll discuss how to grab someone’s attention with a great opening line. Until then, here’s to your bigg success!

Related Posts:

Bigg Solutions