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Maximize Your Potential

Josh-George-Racing

Hear our conversation with elite athlete Josh George on The BIGG Success Show podcast. Press the player to listen.

When we think about maximizing your potential, Josh George comes to mind. So we were so excited to talk with him on The BIGG Success Show today. Josh is a Gold medal winner, world champion, entrepreneur, and motivational speaker.

In addition, he’s a member of the 2016 Rio Summer Paralympics Racing Team for Team USA. Josh was also featured in an ad by BMW which ran during the Opening Ceremony of the Olympics.

Listen to our conversation with Josh to discover:

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The Power of Imagination

J.K. Rowling, best known as the author of the Harry Potter series, recently delivered an exceptional speech for the Commencement Ceremony at Harvard University.

It’s an amazing discussion of the power of failure and imagination. It’s definitely worth your time to read the full text, or watch the video. She said,

“We do not need magic to change the world, we carry all the power we
need inside ourselves already: we have the power to imagine better.”

Each of us has the power within us to change the world. Do you doubt it?

Steve Jobs didn’t doubt it.
He imagined a world where every person could have the same computing power that only large organizations had at that point. He dreamed of a world where computers were so user-friendly everybody could use them.

John F. Kennedy didn’t doubt it.
He had the vision that man could walk on the moon. He set forth his vision with the power of words to direct an entire country’s resources toward that mission. A short time later, Neil Armstrong uttered his famous words, “One small step for man, one giant leap for mankind.”

Martin Luther King didn’t doubt it.

He had a dream that people would be judged solely by the contributions they made to society, not by the color of their skin. His dream led to a movement to bring equal opportunity to all.

You may say that you don’t have …

… the imagination of JK Rowling. To create a world that can inspire millions of young people to read again at a time when everyone thought that only video games could attract them.

 … the creativity of Steve Jobs. To see the possibilities for individuals to have access to technology at their fingertips.

… the vision of John F. Kennedy. To see the impossible as possible and to inspire an entire nation to get behind the effort.

… the oratory skills of Martin Luther King. To put the need for change front and center on the agenda of his country and to move people to effect that change.

The unique power within you.
You do have the power to imagine a better world and make a difference in your own life and the life of others. Your imagination flows from your unique genetic make-up and your personal experiences.

No one else – who has ever walked on this earth, is here now, or ever will be – can duplicate what you have and who you are. You are one of a kind!

It’s up to you to live up to the potential that is within you … just imagine! How will you leave the world a better place? What are you doing now to make a difference in the lives of others?

 

 

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Escape From Your Dead-End Job

Bigg Challenge: We received a question from Gary, one of our listeners. He graduated from college a few years ago with a liberal arts degree. He had planned to go to law school, but didn’t want even more debt. He tried to get a job in his field, but didn’t find one. So he’s still delivering pizza, a job he started in college.

He feels trapped. He’s applied for a number of jobs, but has been told that he’s not qualified because of his inexperience. He wants our advice on how to get out of his dead-end job.

Bigg Advice: Sometimes you know you have more potential than your job offers. It sounds like you’re in that position, Gary. But keep your chin up – you’ll find a rewarding career if you keep trying.

You don’t find your current job challenging. But here’s the good news – when you go home, your job doesn’t go with you. Think about these two questions:

  • What are you passionate about?
  • Are there opportunities to do something part-time in that field?

Get your foot in the door.
On the show, Mary-Lynn said that, when she was young, she wanted to work full-time in radio as a disc jockey. She didn’t have the experience or the skills required.

So she got a full-time job as a waitress and worked part-time at a local radio station. Whenever an opportunity presented itself, she volunteered her time so she could learn the skills she needed. She wasn’t getting paid for that time, but she was investing in her future.

It paid off! Within a year, she got a full-time job as a disc jockey! Get your foot in the door.

  • From janitor to mogul
  • As a kid, Sean Combs knew that he wanted to be in the music business. He went to New York and volunteered to be the janitor at a record company.

    They were growing fast because hip hop was hot. They needed people. They were comfortable with him. They knew that he had a good ear for talent. He had proven himself. In a year, he became the Vice President of Marketing. We know the rest!

Part-time business
Would you like to start your own business? Could you do it part-time? A lot of businesses – like Dell, Microsoft, and Apple – started part-time.

On the show, George said that he was a salesperson when he was young. After his work was done for the day, he devoted his time to his part-time business. Within two years, he opened a store, which provided him a full-time salary.

Back to school
You mentioned law school, Gary – why not go back now? You may have to take on some debt, but most lawyers get paid well. Odds are you’ll be able to pay it off quickly. It doesn’t have to be law school. Maybe there’s something else you’re passionate about that offers great opportunities now and in the future.

Thanks, Gary, for sending us your bigg challenge. We wish you bigg success!

Do you have a suggestion for Gary? Leave a comment below.

Our Bigg Quote comes from Cullen Hightower.

“Worry compounds the futility of being trapped
on a dead-end street. Thinking opens new avenues.”

But that’s just the start! After you’ve thought about your escape route, put it in gear and burn some rubber getting out of there!

Next time, with the Super Bowl upon us, we’re going to discuss how to fumble forward, toward the end zone. Until then, here’s to your bigg success!

Read more Bigg Challenges

 

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How To Make $3 Billion A Year

By Bigg Success Staff
01-23-08

Success Story

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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. 

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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:

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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!