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Maintain an Abundance Mindset blog post title image

Maintain an Abundance Mindset Amid the Scarcity

Maintain an Abundance Mindset blog post title image

An abundance mindset creates more abundance. So why do so many people only see scarcity?

We discussed abundance and scarcity on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by an article on Forbes by Ginger Dean, founder of Girls Just Wanna Have Funds. We talked about how your mindset affects your money, your career, and your life.

We write this as a reminder to ourselves. We hope it helps you as well.

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The Professor & Mary-Lynn Logo

Beyond Personal Finance to Personal Entrepreneurship

The Professor & Mary-Lynn Logo
Personal finance advice is everywhere. We want to introduce you to personal entrepreneurship. It goes beyond personal finance. Here’s the backstory…

Click the player to hear us talk about our new direction plus at the very beginning, hear our new, catchy Ballad of BIGG Success!

We announced a fun change on The BIGG Success Show today: We’re “The Professor and Mary-Lynn.” Listen to the show to get the full flavor. It highlights our new direction – which is really a return to our roots.

We help you understand the entrepreneurial mindset. It’s not just for business owners. It’s a way of thinking which will help you:

  • take control of your personal finances
  • bring more meaning to your work
  • feel confident you’re making the best decisions
  • stand out in your field so you advance in your career
  • have more time for the people and things most important to you
  • create a legacy
  • be truly happy

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How to Be a Finance Action Hero

finance-action-hero-peita-diamantidis

Listen to the conversation about Finance Action Hero with Peita Diamantidis, George Krueger, and Mary-Lynn Foster on The BIGG Success Show Podcast. Click play to listen.

On The BIGG Success Show today, we were pleased to be joined today – all the way from Australia – by Peita Diamantidis (@peitamd on Twitter). She is the Co-Founder of Caboodle Financial Services and sidekick at Zaptitude.

She’s also a self-described financial maths nerd and movie geek. We spoke with her about her fantastic book, Finance Action Hero*.

For you fellow film buffs, we’ve never seen a book about money with so many movie mentions!

So do you want to be a Finance Action Hero? Then listen to the show and you’ll discover:

  • the key differentiator between somebody who succeeds and someone who doesn’t
  • the good news about how you succeed financially
  • what you can learn from watching kids and adults at the beach
  • the reason so many people miss out on their adventure of a lifetime
  • how great coaches get their team to win in spite of the odds
  • the two things to do when you’re feeling financially overwhelmed
  • why high-performing athletes don’t focus on their strengths
  • the surprising mistake many people make: calling in the experts too soon
  • why you should not have a Rainy Day Fund (and what you should do instead)

We thank Peita for sharing her time and wisdom with us. And we highly recommend her book to you.

The book is like having a conversation with Peita. She’s removed all the financial jargon so it’s easy for anyone to understand. It’s fun, yet incredibly informative. You, too, can be a Finance Action Hero!

Thanks so much for reading this summary of our show. If you found this helpful, would you share it with your friends?

Until we “meet” again, here’s to your BIGG success!

– George & Mary-Lynn

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Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00929-081816.mp3

*Denotes an affiliate link, which means if you make a purchase after clicking on the link, we will make a nominal fee.

change your attitude about money for BIGG Success

Is Your Attitude About Money Keeping You From Getting More Money?

change your attitude about money for BIGG SuccessHow much is your attitude about money costing you?

How much more money could you have if you changed your attitude?

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast (Duration: 4:43)


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[haiku url=”http://traffic.libsyn.com/biggsuccess/00846-012413.mp3″ title=”The BIGG Success Show #846″]
There’s a dangerous undercurrent running through our society. It’s not new – this persistent attitude about money has been with us since at least 1526.

But it seems the Great Recession has it roaring its ugly head.

What is it?

It’s the attitude that money is evil.

Therefore, people who have money are evil. This attitude manifests itself in a number of ways. We’ll share three of them.

A lack of money is superior to an abundance of it. Wrong!

Somehow, not having money is a higher order. There’s no dignity in being poor. There is only dignity in being yourself.

You’re not a bad person because you don’t have money. You’re not a bad person because you do have money.

You are who you are. Your circumstances don’t define you unless you let them.

The journey to BIGG success begins by accepting your present conditions so you create your dream future.

It’s your decision and your decision alone.

If you want more money, you can get it. You can get it with honor. But it won’t happen if you don’t feel like you deserve it.

Increase your self-worth to build your net worth.

When someone wins, someone else loses. Wrong!

Hollywood propagates this myth. Washington seems to buy in to it as well. So do many of our fellow citizens. This myth holds good people back.

It’s zero-sum thinking. Sure, there are a few zero-sum games.

For example, futures exchanges have a person on each side of a contract. One gains the exact amount the other person loses.

However, the intention of these exchanges was to provide insurance for producers. So any loss is like paying your insurance premium.

We live in an abundant world if we can only see it. Your gains can lead to gains for others, not losses.

You don’t hurt other people by getting more money. You help them.

You help them get a job. You create opportunities for promotions. You help them make more money.

They in turn, help others…and YOU! It’s the wonderful nature of our economic system. We all help each other – if we have the right attitude about money.

Social entepreneurship is superior to traditional entrepreneurship. Wrong!

Social entrepreneurs are not a higher order than entrepreneurs who create wealth.

Yes, social entrepreneurship is valuable to society. But so is traditional entrepreneurship.

One might even argue that entrepreneurs who create wealth are the higher order. They don’t just build a sustainable organization that solves problems for its constituents, but also one that creates wealth for its stakeholders.

Wealth which creates more wealth, as other entrepreneurial firms spin off. Entrepreneurship begets entrepreneurship.

Our point is that neither is superior. They both have their roles, their time and place.

The harmful thing is when we think getting rich is a bad thing. Getting filthy rich is even worse. There’s no such thing as filthy rich.

You can be rich and filthy, but you can also be poor and filthy.

Money is a tool. It can be used for good or bad.

It doesn’t have anything to do with the money. It has everything to do with the person who has the money.

It’s a good thing to legitimately build a fortune. And contrary to popular opinion, most millionaires and even billionaires today weren’t born with a platinum spoon in their mouth.

They worked hard for years. They faced adversity after adversity. They overcame them. They deserve what they have.

See yourself as deserving and you’ll be a BIGG success!

How has a change in your attitude helped you earn more money?

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00846-012413.mp3

Image in this post from stock.xchng

take a bite out of your expenses for BIGG Success

How to Control Your Finances in 3 Simple Steps

take a bite out of your expenses for BIGG Success

How can you take control of your personal finances?

Look for the low-hanging fruit!

Step 1: Take a bite

Pick one of your biggest, optional expenses and take a bite out it. Let’s take eating out as an example.

You don’t need to eliminate it altogether. Just reduce the amount you spend a little bit…say ten percent.

Let’s say you eat out ten times a month. You go to really nice restaurants. You order either an appetizer or a dessert each time.

You may:

  • Opt for staying in one of the ten times
  • Order a less expensive entrée two or three of the ten times
  • Go to a lower-priced restaurant two or three of the ten times
  • Don’t order an appetizer or a dessert five of the ten times

It doesn’t matter what you do. Just do something to start harvesting some extra money immediately.

Step 2: Don’t let it spoil

So now you have picked some low-hanging fruit. What do you do with it?

This is really important because, if you let it sit around too long, it will spoil. It will be used for something that doesn’t advance you toward BIGG success.

So use the money you save in Step 1 to:

  • shore up your emergency fund
  • pay down debt
  • PREFUND purchases

Start with the emergency fund so you’ll have the cash you need when reality bites. You won’t have to rely on a credit card or some special financing deal. How good will that feel?

Once you have six months in your emergency fund, you’re ready to start paying down your debt. Can you imagine not having any debt? Month by month, you’ll see it coming true.

When your debt is gone, use the extra money (and the money you’re saving from payments on debt that doesn’t exist anymore) to PREFUND future purchases. So instead of financing them, you’ll have the cash to pay for them on the spot!

Step 3: Take another bite!

Once you’ve fully digested the first bite we discussed in Step 1, repeat the process again. You may take another bite out of the same expense or pick another one.

Don’t fret about your money woes. Take action with these three simple steps! You’ll soon feel a sense of control over your personal finances. It leads to BIGG success!

Image in this post from stock.xchng