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Ask and You Shall Receive

By Bigg Success Staff
05-07-08

Bigg Success With Money

top_negotiator 

There are two pieces to building your nest egg: you need to have money to invest and you have to invest it wisely. In this article, we’ll explore the first one – finding the money to invest.

Other than winning the lottery or inheriting money, there are only two ways to get money to invest: make more or spend less of it. We’ll look at the first one – making more money.

Here’s one of the secrets to making more money … ask for it!

That’s right – negotiate for a better compensation package when you’re offered a job. Ask for a pay raise at your current job. Ask and you shall receive!

Or for certain, we can say that if you don’t ask, you won’t receive.

Women are much less likely than men to negotiate for a better deal. In fact, Linda C. Babcock, a Professor of Economics at Carnegie Mellon University and author of the book, Women Don’t Ask: Negotiation and the Gender Divide.

She found that about half of all men negotiate for higher pay when considering a job offer while only one in eight women do the same!

Now here’s something to consider, especially if your position involves negotiating deals of any kind for your employer. If you won’t ask for a better deal for yourself, how can your employer count on you to negotiate a better deal for the company?

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The Illusion Of Wealth

By Bigg Success Staff
02-22-08

Timeless Principles

make_believe 

Rich Poor is a colleague of yours. He drives a brand new Mercedes. He owns a new house in a great neighborhood. He belongs to the country club. He and his wife frequently dine out at the nicest restaurants in town. They travel extensively to the most exotic locations. Rich Poor lives a grand life!

Then there’s your friend, Rich. He drives a Ford, which he bought when it was a few years old. He still lives in the same little house he’s owned for years. He and his wife dine out occasionally, but usually it’s a pretty simple meal. Poor Rich – he just can’t catch a break.

Which Rich is rich – Rich Poor or poor Rich?

It’s quite likely that poor Rich is the one with the money!

How can that be?

Rich Poor gives the illusion of wealth, but odds are that he spends as much as he makes, if not more.

Poor Rich doesn’t appear wealthy, but he may have already built a significant nest egg.

You can’t always believe what you see!

So would you rather be wealthy or just pretend you’re wealthy?

If you want real wealth, you should emulate poor Rich. If you’re okay living in the land of make-believe, then follow Rich Poor’s example.

What you make doesn’t matter that much in creating wealth.

What’s much more important is what you do with what you don’t spend.

And it all starts with what you don’t spend. Because until you spend less than you make, you’ll never have to worry about what you’re going to do with the money you’ve saved.

Rich Poor is spending so much money, trying to look wealthy, that it’s very likely that he will never get wealthy!

Don’t succumb to the pressure to portray wealth that doesn’t exist.

Poor Rich lives frugally. Chances are he’s at least as happy as Rich Poor. But he’s also building a solid foundation for his future.

Rich Poor is in the habit of spending lavishly. And as we all know, habits are hard to change. But change he must if he wants to have the freedom that comes with financial security.

Picture a day when your money makes enough money to pay all your bills. Your money works for you so you don’t have to work for money.

Now you’re free! You can do what you want, when you want, where you want, with who you want!

Isn’t that better than pretending you’re rich now?

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(Image by cynthiacloskey, CC 2.0)