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family walks along a long dock on a lake with the blog title: Retirement Planning an Easier Way

Retirement Planning an Easier Way

family walks along a long dock on a lake with the blog title: Retirement Planning an Easier Way

There’s good news on retirement planning, whether you’re early in your career or further along.

We discussed an easier way to plan for your retirement on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by a study on the power of retiring later, published by the National Bureau of Economic Research.

Which of these two options sounds harder to you…

(1) saving 1% more every year for 30 years, or

(2) postponing your retirement by 4 months

The two of us agreed that Option 1 sounds harder. Yet the researchers found the two options deliver similar results.

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the downside to finding your passion blog image

The Downside of Finding Your Passion

the downside to finding your passion blog image

We discussed finding your passion on The BIGG Success Show today. Click the player to listen, or keep reading for a summary of that discussion.

This show was inspired by a study on finding your passion to be published in Psychological Science.

The research shows people are led astray by the advice to “find your passion”. It makes it harder to discover one’s passion. So you get stuck. In fact, that’s a conclusion we came to years ago here on BIGG Success.

Fortunately, there is a better way…

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who cares who succeeds more

When a Wife Succeeds More Than Her Husband

who cares who succeeds more
Does it really matter who succeeds more in a relationship? George and Mary-Lynn share the results of a new study. Click play to listen to The BIGG Success Show Podcast.

A new study shows that when a wife succeeds more than her husband, his ego takes a hit. But if her success is less, he feels better about himself.

Old stereotypes and gender roles obviously come into play. But in this day and age, and with this economy, people in relationships should focus on their partnership. Envy undermines a relationship. It holds back success. It’s just plain silly.

Who Cares Who Succeeds More

As we’ve pointed out before, entrepreneurs don’t think win-lose. You can’t have a fulfilling relationship with this mentality. A good partner doesn’t place their self-interest above another.

Entrepreneurs that succeed think win-win. They build a relationship that shares an equal consideration of interests.

Coopetition is necessary in this competitive world. Sure, you can determine that you alone must be the one to succeed more to get the bigger piece of the pie. But isn’t it easier and more rewarding to work with someone to make the pie bigger?

To live life on your own terms, you have to be happy with yourself and proud of where you are. You can’t compare yourself to anyone else. Achieve your own goals. Don’t envy someone for achieving theirs.

We are fortunate to be partners in life and business:

  • A win for one of us is a win for the team.
  • We are both competitive but not towards each other.
  • We both strive for excellence which motivates us to achieve our best.
  • We both have weaknesses that are balanced by our individual strengths.

We bump in to other modern day power couples all the time:

  • She’s a professor at a University; he’s going back to school.
  • She’s a bank president; he’s taking care of the home and family.
  • She’s the team leader for a real estate company; he’s a realtor.
  • He’s a best-selling author; she’s taking care of his marketing and promotions.
  • He’s pursuing a career in public speaking; she’s overseeing their existing business.
  • He’s the company CEO; she’s taking care of the home and family.

It’s not about gender roles. It’s about teamwork. It’s not about competition. It’s about cooperation.

Relationships aren’t about who succeeds more, they’re about combined efforts to achieve BIGG Success.

Direct link to The Bigg Success Show audio file | podcast:
http://traffic.libsyn.com/biggsuccess/00883-110613.mp3

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Shine the Light on Your Vision to Be a Success

 

 

Let your vision light the way to BIGG Success

Three men were set loose in the Sahara desert from separate locations. Two of them navigated by day while the third walked at night.

The two men did not walk in circles. The third did.

In this study, the researchers found that the sun made all the difference. Even though the third man had a full moon, it didn’t provide the same guidance as the sun.

BIGG success is life on your own terms. Your vision of that life is your sun.

Bask in its warmth. Let it light your way.

There will be cloudy days. But unlike with the weather – in your life – you and you alone are in full control over whether or not you let the sun shine.

Let it shine for your BIGG success!

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Should Entrepreneurial Leaders Manage by Consensus?

Does managing by consensus lead to BIGG SuccessWe saw a great study about Millennials [PDF] and how they would run the business of tomorrow. The researchers had two teams create a model company.

Neither of them selected a CEO. They chose to run the company by consensus.

No one person was in charge; ideas were. The best ideas ruled.

Great concept. Too bad it won’t work.

Entrepreneurial leaders should not manage by consensus.

Should you get your people involved in every way you can? Yes.

Do you want to listen to your people’s ideas? Of course.

Should every person in your organization have a voice? Absolutely.

But management by consensus is no different than management by committee. The name may have changed but the results remain the same.

In the worst case, decisions don’t get made. So the organization flounders.

Only slightly better – when decisions do get made, it takes longer. It’s the death knell in today’s fast-changing world.

The buck has to stop somewhere. All the kumbaya has to end. Someone has to take all the information and make a decision.

The process can be democratic but the decision-making can’t.

Your people should be given the opportunity to offer their input. They should know it is heard. It may even be acted upon. When it is, they should be given recognition.

Entrepreneurial leaders should focus less on reaching consensus. It takes too long.

Focus more on building consensus. Help your people understand the “why” behind the things you do in your organization. It leads to BIGG success!

How do you build consensus?

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