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Step 4-Find Abundance in a World of Scarcity

abundanceBad news is the news. We hear a lot about the scarcity. We don’t hear so much about the abundance.

That’s why we’re talking about steps you can take to live abundantly. We’re ready for Step 4:

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Eliminate "zero-sum" thinking

One of the reasons we don't feel more abundance is because we've bought into the mindset that everything is a zero-sum game. Somebody has to lose in order for anybody to win.

Hollywood says so.

Our media tells us that it's the case.

Politicians don’t get it.

Successful entrepreneurs get it.

Bigg success is life on your own terms. Implicit in that definition is that you are the entrepreneur of your life.

You own it. You are in charge. There’s something successful entrepreneurs understand that many people – including the elite in our society – just don’t get.

Entrepreneurs know that they win second.

In order for them to win, at least some portion of society must win first. They create fortunes because they understand that there are very few zero-sum games in the world.

Think about it. In most cases, we do business with people because it's mutually beneficial. If it weren't, we would stop doing business together.

So if we take the "zero-sum" attitude, we won't create value. If one party has to lose so the other party can win, nothing is added to society.

Bill Gates got it. He became the richest person in the world because a large number of people felt that Microsoft’s products made their lives and / or their businesses better.

Some argue about his contribution. That will be true of your contribution as well. You will face critics if you do anything of any significance.

But you won’t care.

You will let the market vote. You will know that you have helped people win because they will vote with their dollars. They choose to work with you because you make their lives better in some way.

Warren Buffett got it. Like Bill Gates, he has ascended to the top of the list of the richest people in the world. He did it by delivering returns to his investors that they couldn’t achieve on their own.

To live abundantly, we must first discard the zero-sum game mentality. 

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Create wealth by creating value

The best way to do that is one relationship at a time. We must adopt a win / win attitude in every relationship we have. When we do that we create value.

The value of any relationship is the emotional goodwill you have created in that relationship. The sum of the value of all of your relationships is the value of your network.

Now and in the foreseeable future, the greatest wealth will be created by people with the best networks. Create value – and therefore abundance – for other people and you'll find abundance in your own life.

Now, please understand that it doesn't happen instantly. In the economy of a previous generation, you had to plant in the spring if you wanted to harvest in the fall. It may take days, weeks, months, or even years for you to see the result.

However, if all you see when you look at people is dollar signs, you won't harvest the opportunities presented in the years ahead. You won't create wealth. You won't feel abundance.

Put other people first. Look for a win for them with all the fervor you look for a win for you. That’s a mindset that leads to bigg success.

We’re thrilled that you checked in with us today. Thanks so much.

Please join us next time as we wrap up this series on abundance. Until then, here’s to your bigg success!

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Step 1-Find Abundance in a World of Scarcity

Step 2-Find Abundance in a World of Scarcity

Step 3-Find Abundance in a World of Scarcity

The Most Important People of 2008

new_year Michael Bailey recently wrote a post about an e-mail you may have received before. It was very timely and got us thinking about events of 2008. Let’s test your memory …

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Who won the World Series? We know it was NOT the Chicago Cubs. Will that ever happen? The Philadelphia Phillies won it this year. Maybe baseball’s not your thing, so let’s try this one …

Who won the Super Bowl last year? The New York Giants.

What movie won the Oscar for best film?    No Country for Old Men

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georgeI have to admit that I haven’t seen this movie. On the other hand, I don’t have a country either!

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marylynn
You aren't an old man either…yet!

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Who topped the Forbes 400 this year? Warren Buffett overtook Bill Gates to be named the richest person in the world. Of course, this was long before the recent financial turmoil. We’ll see how he rates this next year.

Who was the American Idol? You may say, “Who cares?” You may not, but millions do. It was David Cook.

So how did you do? We found it interesting that we didn’t really remember many of these events without some prodding.

The surprising list of the most important people of 2008

We had to look many of these up. For example, as soon as we realized the Giants won the Super Bowl, we could picture in our minds the pass from Eli Manning, escaping the nearby defenders, to David Tyree, who caught the ball on top of his helmet. That catch allowed the Giants to keep the drive going that ultimately lead to the winning touchdown.

As we discussed it, we realized there are people who you remember without having to really think about it. So here are a few questions for you to think about to help discover the most important people of 2008:

  • Name a friend who helped you through a difficult time in 2008.
    They deserve a toast!
  • Name a person who taught you something worthwhile in 2008.
    Roll out the red carpet for them!
  • Name someone who made you feel special in 2008.
    Give them a bigg party horn toot!
  • Name a person who you particularly enjoyed spending time with in 2008.
    Reach out and touch them – figuratively, not literally!

This list is not exhaustive. Feel free to add categories. But you get the point – in spite of the fact that there are people who accomplish bigg things, who excel in their chosen field, we often don’t remember it.

It’s the people who affect us individually that we remember. We recall those little acts of kindness, that one-to-one help, individual caring and sharing. These things may seem small and inconsequential, but they’re not because they affect us personally.

So here’s one more question: Who would put you on their list?

We do! You’re on our list of the most important people of 2008 because you take time to check in on us. We thank you so much and wish you a peaceful, prosperous, and happy New Year! Here’s to your bigg success in 2009!

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Direct link to The Bigg Success Show audio file:
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The Billionaire and the Batboy: What Warren Buffett Learned from Eddie Bennett

Warren Buffett, the great investor who is the chairman of Berkshire Hathaway and now the richest person in the world according to Forbes, told a story about a batboy in Berkshire Hathaway’s 2002 annual report.

The batboy was Eddie Bennett, who was 19 years old in 1919. He began his career with the Chicago White Sox, who went to the World Series that year.

The next year, Eddie moved to the Brooklyn Dodgers. He had the Midas touch. They also won their league title that year. Two in a row for Eddie.

But once again, Eddie saw a better opportunity. So he joined the Yankees in 1921. They won their first pennant ever. Eddie knew he was in the right place so he stayed put. The Yankees won five American League titles in the next seven seasons. 

What did this mean to Eddie? He made as much during the World Series as he made all year. So by choosing the right team with whom to associate, he doubled his income.

And he became perhaps the best known batboy in baseball history.

5 lessons Eddie Bennett teaches us

#1 – Sometimes it pays to switch teams.
If you’re with a team that doesn’t look like a bigg winner, and you see a better one, then go for it!

#2 – Don’t have a scarcity mentality.

People who think like this can’t work with others because they don’t think there’s enough to share. Eddie shows us that we may actually make more money BY working with others than we could on our own.

#3 – You don’t have to be the star to be a star.

Eddie became famous in his own right. He’s written about just like Babe Ruth and Lou Gehrig. In fact, he’s the first of that great trio that we’ve blogged about!

#4 – Every job is important.

A supporting role is just as important as the starring role. Eddie knew his place and the importance of what he did. He knew that if he did a good job in his role, other people would thrive in theirs. And he would reap the benefits along with them!

#5 – He had a passion for what he did.
The fans knew it and the players knew it. They respected him for the role that he played. It’s reported that Eddie and Babe Ruth became good friends because they were both at the top of their game.

What Warren Buffett learned from Eddie

In the annual report we referenced earlier, Warren Buffett describes himself as the batboy for Berkshire Hathaway. He turns the heavy-hitting over to the leaders of the businesses in which he invests. He plays a supporting role so they can step up to the plate and hit home runs.

It’s a lesson in management and leadership – give your people the tools they need when they need them and watch them succeed bigg!
 

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We thought it only fitting for our bigg quote today to come from Warren Buffett.

“To be a winner, work with winners.”

Otherwise, you risk striking out!

Next time, we’ll discuss tips for spotting your bigg opportunity. Until then, here’s to your bigg success!

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Pages

Review: How to be Rich

By Bigg Success Staff
04-07-08

Bigg Book Review

book_cover

How to be Rich, by J. Paul Getty, is a fantastic book that should be a staple in every success library, especially if you’re an entrepreneur, and even more if you’re aspiring to own your own business.

J. Paul Getty was a billionaire when it was rare to see a “b” rather than an “m” at the beginning of that word. In his day, he was the “richest person in the world” according to the Guinness Book of World Records.

How to be Rich is Getty’s personal story, written by the man himself, about how he earned his fortune. We highly recommend this unique book by and about a unique man who shares his story, including some of the mistakes he made along the way.

Getty states that “rich” is a mindset, not a monetary figure. He believed that success came through perseverance, common sense, and hard work. He led by example – working alongside his oil-workers in the business that made him rich.

While most of the book is dedicated to succeeding in your own business, he also offers great advice on investing – in stocks, real estate, and even art.

Here’s the table of contents:

Part I – Becoming a Millionaire

  • How I Made My First Billion
  • You Can Make a Million Today
  • The Millionaire Mentality

Part II – How to Succeed in Business by Really Trying

  • What Makes an Executive?
  • The Force of Habit
  • Business Blunders and Booby Traps
  • The Psychology of Sound Personnel Management
  • Living with Labor
  • The Businessman at Bay
  • The Imp of the Impossible

Part III – The Value of Dissent, Culture and Nonconformity

  • The Vanishing Americans
  • The Educated Barbarians
  • The Homogenized Man

Part IV – The Art of Investment

  • The Wall Street Investor
  • A Real Approach to Real Estate
  • Fine Art: The Finest Investment

Part V – Of Money and Values

  • The Morals of Money
  • The Art of Individuality
  • A Sense of Values

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The Go-Giver

10 Laws of Survival and Success

Confessions Of A Serial Entrepreneur

Review: The Opposable Mind

Review: Fire Them Up

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Review: The Greatest Miracle In The World

Review: The Answers

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