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6 secrets to a long and happy life

6 Secrets to a Long and Happy Life

6 secrets to a long and happy life

On a list of 6 things a famous billionaire says are the secrets to a long and happy life, only 1 of them has do with money.

We discussed these 6 secrets to a long and happy life on The BIGG Success Show. Here’s a summary of that discussion.

Charlie Munger is best known as Warren Buffett’s right hand man. He’s the vice chairman of Berkshire Hathaway. He’s very successful and at age 95, is worth $1.7 billion.

When asked recently by CNBC’s Becky Quick what he thinks are the secrets to a long and happy life, he provided the following:

“You don’t have a lot of envy.
“You don’t have a lot of resentment.
“You don’t overspend your income.
“You stay cheerful in spite of your troubles.
“You deal with reliable people.
“And you do what you’re supposed to do.

Here are some ways to put Munger’s secrets to work in your life.

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The Simple Secret for a Successful Career

As complex as people may like to make it, there’s a simple secret for a successful career. It can be boiled down to one sentence.

Do your best doing what
you do best.

Let’s chat about the two parts of this simple phrase, which fully explains how to have a successful career.

Do your best

You can do your best no matter what:

  • Whether you currently have your dream gig or even if you don’t
  • Whether you’re at the top of the organization or at the bottom
  • Whether you’re having a good day or a bad one

In fact, BIGG success demands that you do your best every day. Ultimately, BIGG success is the feeling of fulfillment you get from striving to realize your full potential.

Doing your best is a high standard. But it’s part of the price you’ll willingly pay to become a BIGG success.

You can start where you are. You can start today. You can do your best.

Doing what you do best

Now we come to the exponential power in this simple sentence. It’s important to do your best. But it’s not enough.

In order to be a BIGG success in your career, you need to do what you do best. Here’s the good news:

Doing your best is much easier when you’re doing what you do best.

  • You’ll be more enthusiastic
  • You’ll have more energy
  • You’ll feel at one with yourself and the world

So how do you discover what you do best? Ask yourself:

  • What do you excel at?
  • What comes easily for you that others find difficult?
  • What’s in your DNA?

These are a few of the questions you can answer to determine what you do best. But don’t just be introspective.

  • Ask your friends
  • Ask your family
  • Ask your colleagues
  • Ask your boss
  • Ask your mentors
  • Ask anyone and everyone who may be able to offer you needed insight

Once you figure it out, take action! Look for opportunities to do what you do best. And do your best doing it. It leads to BIGG success.

Image in this post from stock.xchng

Ramp Up Your Savings

uptrend.jpgBigg success is life on your own terms. One of the five elements of bigg success is money. We need to plan ahead so we have enough money to live our golden years on our own terms once we no longer work, another one of the five elements. Otherwise, it’s hard to imagine our golden years being golden.

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The silver lining

There’s at least one silver lining (boy, we’re hitting all the precious metals today) in the dark cloud we’ve been experiencing with the economy – we’re saving money again! It’s not easy to save money, but many of us have realized how important it is to have a reserve.

Financial planners say we should save at least ten percent of our income to put toward retirement. We’ve even heard some recommend twelve percent.

A lot of us face a bigg challenge in socking away that amount of money. Some people may get discouraged because they can’t come close to saving ten percent. So they just don’t save at all.

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georgeI can relate to that because I’m somewhat of an all or nothing guy. But as my dad used to say, “Fifty percent of something is better than a hundred percent of nothing!”

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marylynnAnd nothing is what we end up with if we don’t stash some away now! But there’s no need to get discouraged if you’re not saving all that financial planners recommend.

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Ramp up your savings pain-free

Let’s consider a hypothetical couple that has a household income of $100,000. They should save $10,000 according to the experts, but they’re only able to save $3,000.

However, they are determined to find a way to get to that ten percent. They decide that, one way or another, they will make an extra $2,000 every year, year after year, for the next five years. So they plan to make $102,000 next year, $104,000 the following year and so on. This may come from pay raises, bonuses, or a part-time job or business.

Let’s assume that they’re able to invest all of this extra money in a tax-deductible retirement account so they don’t have to pay any taxes on this income now. They also keep investing the $3,000 base they started from.

By the fifth year, our hypothetical couple is making $108,000 and saving $11,000. So they’re now actually saving a little more than financial planners recommend and they did it relatively pain-free!

Ramp up your savings pain-free

Let’s consider a hypothetical couple that has a household income of $100,000. They should save $10,000 according to the experts, but they’re only able to save $3,000.

However, they are determined to find a way to get to that ten percent. They decide that, one way or another, they will make an extra $2,000 every year, year after year, for the next five years. So they plan to make $102,000 next year, $104,000 the following year and so on. This may come from pay raises, bonuses, or a part-time job or business.

Let’s assume that they’re able to invest all of this extra money in a tax-deductible retirement account so they don’t have to pay any taxes on this income now. They also keep investing the $3,000 base they started from.

By the fifth year, our hypothetical couple is making $108,000 and saving $11,000. So they’re now actually saving a little more than financial planners recommend and they did it relatively pain-free!

  • not being discouraged at what they could save now
  • saving every bit they could now
  • improving it a little bit every year

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Would you like more tips and tools to live your life on your own terms?
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The underlying secret

In this simple example is a secret that can help you with all your goals, not just your financial ones. Bigg success is life on your own terms. If you think about “terms” as time frames, you can reach bigg success faster.

We’ve said that you are the entrepreneur of a very important enterprise – your life. You may or may not be an entrepreneur in the traditional sense of the word. That’s immaterial. What’s important is that we can learn a lesson from successful entrepreneurs, particularly those who work with outside financiers like venture capitalists.

Milestones

An entrepreneur and a venture capitalist come to terms and strike a deal. The venture capitalist will invest a large amount of money in an entrepreneur’s company. However, the entrepreneur only gets a certain amount of it upfront. He or she must complete some agreed upon action – for example, get a customer – by a certain time to insure the venture capitalist puts in more money. These agreed upon actions with a deadline are called milestones.

As the entrepreneurs of our own lives, we think it’s helpful to set milestones in all areas of our lives.

Think about your bigg goal.

Then carve it up into milestones – specific activities you will complete by a certain time.

By breaking your bigg goal into little actions with deadlines, you can achieve things that you would think were impossible otherwise.

You can measure your progress each step of the way. You can take corrective action if you’re off the mark. Or if you’re ahead of schedule, you can celebrate your bigg success!

Do you set milestones?

Tell us how you do it by leaving a comment below, calling us at 888.455.BIGG or sending us an e-mail at bigginfo@biggsuccess.com.

Thanks so much for reading our post today!

Please join us next time as we build on this subject of milestones. We’ll talk about creating a cumulative advantage.

Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00371-041309.mp3

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(Image in today's post by Duchessa)

Success in a Can

can_of_success Today we want to talk about a miracle solution that we just discovered. You can use this magical elixir for any problem you may have.

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If we were to create an infomercial for this wonderful product, we’d want Billy Mays, the spokesperson of all spokespersons, to be our pitchman. We can hear him now …


Billy Mays here with a product that I’m excited to tell you about. Success in a Can. If
you have problems staring you in the face; it will make them disappear without a trace.

For a demonstration, he could offer real-life example after real-life example.

So are you interested in knowing where you can buy this incredible product?

Well, it’s not sold in stores as the saying goes. You won’t find it online either. You see, it’s very exclusive. We can hear you now … you really want this product, don’t you? But there’s something you should know …

No one can get it for you. No one can give it to you. You have to get it yourself. But people who have used this product say that it is priceless.

So, we can hear you asking again … only more impatiently now … where can you find Success in a Can and how much it will cost?

Here’s the secret – you have to mix this magical solution yourself. The good news is that you already have all the ingredients.

Ingredient #1 – Self-awareness

Do you believe in yourself? We mean really truly believe deep down. Listen carefully to your talk – both your conversations with others and those internal chats you have with yourself.

How often “can” you? How many times “can’t” you?

Can’t is a limiting word. If you think you can’t, you’re right. And that’s just wrong!

Now we don’t think you should eliminate the word “can’t”, but you should be aware of it. You should limit its use to situations that don’t limit you. Because it reinforces what you truly believe. 

Ingredient #2 – Self-assessment

Think about your strengths and your weaknesses. You may think that’s odd – why would you think about your weaknesses if you’re trying to limit the use of the word “can’t”?

That’s a good question. Let’s see if we can come up with a good answer …

It’s important to be realistic. Because Success in a Can doesn’t mean playing to your weaknesses. It means knowing what you’re best at. It also means working with other people doing what they’re best at because you know they can! There, how did we do?

Ingredient #3 – Focus

Focus on what you can do, not what you can’t do. Whenever you hear yourself saying that you “can’t” do something, quickly start thinking about what you “can” do about the situation. By focusing your thoughts on what you can do, you’ll feel more energy to work on the issue at hand.

Ingredient #4 – Reinforcement

When you wake up in the morning, tell yourself you can do it. When you face a difficult challenge, tell yourself you can find a way. When you see an opportunity, remind yourself that you can make it happen.

If you don’t believe in yourself, nobody will. Success in a Can does come with a price … you have to change the way you think. But if you do, you’ll pop the top for bigg success. 

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Get the tips and tools you need to be a BIGG success.
Subscribe to the Bigg Success Weekly – it’s FREE!

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Thank you for sharing your time with us today. You’re the reason we can! Until next time, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00323-020409.mp3

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Keep Your Resolutions In Your Face

new_year Here we are in a New Year with many of us clinging tight to our New Year’s resolutions. We found a poem by Herbert Kaufman that is perfect for this time of year:

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You are the man who used to boast
That you’d achieve the uttermost,
Some day.

You are the man who used to boast
That you’d achieve the uttermost,
Some day.

You merely wished a show,
To demonstrate how much you know
And prove the distance you can go …

Another year we’ve just passed through.
What new ideas came to you?
How many big things did you do?

Time … left twelve fresh months in your care
How many of them did you share
With opportunity and dare
Again where you so often missed?

We do not find you on the list of Makers Good.
Explain the fact!
Ah no, ‘twas not the chance you lacked!
As usual – you failed to act!

A putdown or a kick in the seat?

It sounds kind of negative doesn’t it? We shouldn’t see it that way. We should view it as a kick in the seat. If you feel like you missed out on some opportunities this year, ask yourself why. Is it because you failed to act?

We all begin each year with a precious inventory of time. It’s up to us to make the most of it before it’s gone. Many people set New Year’s resolutions. Most soon forget them.

Bigg goal-getters understand that setting bigg goals for yourself isn’t good enough. It’s may be only one percent of being able to live the life you want. You have to take action!

Keep your resolutions in your face to keep your resolutions

We have a friend who has a great method to make sure he keeps his resolutions top-of-mind. He writes three or four goals for the upcoming year on a small card.

He laminates three copies of that card. He tapes one on his bathroom mirror so he sees his list every morning when he’s shaving. He puts another on the rear-view mirror in his car so he remains conscious of his goals while he’s driving around. He keeps the third copy in his billfold so he says it every time he pulls out his wallet.

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georgePlease note: Just like your insurance broker, we’re not advising you to place a copy on your rear-view mirror.

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marylynn
But it’s what our friend does, so we felt obligated to report it to you!

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He told us that he almost always reached the goals he has on this laminated. Every year, he has other goals but he said he almost never reaches them. Keeping these goals in his face helps keep them top-of-mind which helps him keep these resolutions.

We all have many things that demand our attention. It’s easy for our goals to fall by the wayside. The secret is …

Keep a short list of goals,
put them in writing, and
keep them in your face!

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We have a great resource to help you set goals – our Goal Planning Workbook. It’s free when you subscribe to the Bigg Success Weekly
our free weekly e-newsletter.

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Thanks so much for stopping by to read our post. Join us next time when we’ll look at the one word that makes a bigg difference in keeping your New Year’s resolutions. Until then, here’s to your bigg success!

Subscribe to The Bigg Success Show in iTunes. 

Subscribe to the Bigg Success feed.

Direct link to The Bigg Success Show audio file:
http://media.libsyn.com/media/biggsuccess/00299-010109.mp3

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