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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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7 Ways to Improve Your Financial Health blog post image

7 Ways to Improve Your Financial Health

7 Ways to Improve Your Financial Health blog post image

It’s easy to stress over money. But you will feel less stress if you take action to improve your financial health. We share seven ways.

On The BIGG Success Show, we discuss how to get over stressing about money by taking seven tangible steps to improve your financial health. Here’s a summary of that discussion.

Every day, the headlines carry a stream of negative news about our financial situations. Baby Boomers aren’t ready for retirement. Generation X still hasn’t recovered from the last recession. Millennials are overwhelmed by debt. Generation Z is dismal about the future. On and on it goes.

How can you get past the stress and have a healthy relationship with money? We’ll share seven ways.

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Find Your Why blog post image

Find Your Why

Find Your Why blog post image

Find your why to feel fulfilled in life. Passion may get your attention, but it’s your purpose that sustains you in fulfilling your calling.

We discuss how to find your why on The BIGG Success Show today. Here’s a summary of that discussion. This show was inspired by a commencement speech by Madison Industries CEO Larry Gies, given at the University of Illinois at Urbana-Champaign. Here’s a summary of what we discussed:

It’s graduation season. We love this time of year. So many young people passing into adulthood. The excitement of new beginnings. Hope for the future.

We love commencement speeches. We are often inspired and challenged by the messages delivered from the brightest minds in the world. We’ve covered commencement speeches before on The BIGG Success Show. For example:

Coke CEO Byron Dyson and the lesson of the five balls, Georgia Tech, 1991

Tom Hanks on fear and faith and success, Yale, 2011

Harry Potter author J.K. Rowling on the power of imagination, Harvard, 2008

Steve Jobs on being crazy enough to change the world, Stanford, 2005

Larry Gies and George KruegerToday, we’re going to talk about the best commencement address at the best school – Larry Gies, CEO of Madison Industries, speaking to the Class of 2019 at the University of Illinois at Urbana-Champaign – on how to find your why.

We’ve known Larry for about 25 years. He’s a true entrepreneur, building his $5 billion business one acquisition at a time. He treats his people like people, not drones. And he and his wife, Beth, have given away millions of dollars, including a $150 million donation to the University of Illinois – the largest in its history.

So here are our takeaways from Larry’s commencement speech, 3 lessons on how to find your why.

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