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Image of fireworks with title of blog post and podcast: how to gain financial freedom in 3 steps

How to Gain Financial Freedom in 3 Steps

Image of fireworks with title of blog post and podcast: how to gain financial freedom in 3 steps

Our Founding Fathers secured freedom from an oppressive king. We pull lessons from them to show you how to gain financial freedom in three steps. Brought to you by FinancialFreedomTool.com

We celebrate Independence Day this week in the U.S. So, on The BIGG Success Show, we share some lessons we’ve learned, about financial freedom, from our Founding Fathers and the patriots who fought for our freedom from an oppressive king. Here’s a summary of that discussion.

Our ancestors who formed the thirteen colonies were truly amazing. They took a great deal of risk to sail to a completely new, unknown, land. In spite of that, they still felt the strong arm of a tyrannical king. So, they took it upon themselves to change their situation for the better, to take control of their own lives.

Do you ever feel that way? That outside forces play an outsized role in your life, and not in a good way? Like the patriots that preceded us, you need to say, “Enough!” You need to take control – realizing you can’t control everything that happens to you, but you can control your response to everything that happens to you.

With that background, let’s look at how to gain financial freedom, three steps learned from our Founding Fathers.

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how debt can springboard you to wealth

How Debt Can Springboard You to Wealth

how debt can springboard you to wealth

If you have debt, turn it to your advantage. Few people realize that debt can springboard you to wealth. We share an example of this on today’s podcast.

On The BIGG Success Show today, we talk about how to get out of debt.

This show is inspired by a recent report on consumer debt levels by the Federal Reserve Bank of New York. It shows that household debt in the U.S. hit a record high in the first quarter of 2019, up 8% from the previous record reached in the third quarter of 2008.

So if you’re in debt, you’re not alone. But debt can be good or bad. We believe debt is a tool. So today, we show you how to get out of debt and then, how to use debt to your advantage – to turn debt into wealth. Here’s a summary of that discussion…

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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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How You Tell Your Story Impacts Whether You Live Happily Ever After

The way you tell your story – especially to one particular audience – can shape your future and affect whether or not you have a happy ending.

We discussed how to tell your story for future success on The BIGG Success Show. Here’s a summary of that discussion.

This show was inspired by an Dr. Christian Jarrett on BBC. It’s an interesting perspective: the way you tell the stories you tell yourself form the foundation of who you become.

We found this to be a great reminder to the two of us. We hope it helps you as well.

2 Kinds of Life Events

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Image of Jill Sclesinger and her book cover The Dumb Things Smart People Do With Their Money

Jill Schlesinger on Why Smart People Make Dumb Money Moves

Image of Jill Sclesinger and her book cover The Dumb Things Smart People Do With Their Money

We talk with CBS business analyst Jill Schlesinger about smart people making dumb money moves and how to avoid these traps – if you’re smart enough.

On The BIGG Success Show , we talk with Jill Schlesinger. Jill is an Emmy-nominated and Gracie Award Winning Business Analyst for CBS News, a weekly guest on NPR’s Here and Now, and a Certified Financial Planner. She writes a weekly syndicated column, Jill on Money, and serves as the host of the nationally syndicated radio show and podcast, Jill on Money.

She joins us to talk about her new book, The Dumb Things Smart People Do with Their Money: Thirteen Ways to Right Your Financial Wrongs*. Here’s a summary of that discussion.

What’s wrong with trying to time the market?

Jill says it’s a classic mistake. Market timing requires two perfect decisions. First, you decide when to sell. Perhaps the market is at an all-time high. But how do you figure out when you’re going to get back in? It’s nearly impossible. And very few people can consistently time the market long-term.

She adds that Warren Buffett, in an annual letter a couple years ago, told his heirs to invest 90% of their inheritance in a S&P 500 index fund, put 10% in bonds, and go to sleep at night.

Jill tells us about a time when she tried to time the market. She became an instant celebrity. Then she flamed out in public. Simply click the PLAY button to hear the full story.

How is investing like “defensive driving”?

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