In the book, The Magic of Thinking Big, David J. Schwartz describes tools to achieve everything you always wanted: financial security, power and influence, the ideal job or business, satisfying relationships, and a rewarding, happy life. Set your goals high, break the challenges or barriers into manageable pieces, then exceed your goals. No one achieves great things in life by thinking small. This is true in all aspects of life. Believe you can succeed and you will. Think big and you’ll achieve big things. Think small and you’ll achieve small things. The book presents approaches to:
- Cure yourself of the fear of failure
- Think and dream creatively
- You are what you think you are
- Make your attitudes your allies
- Learn how to think positively
- Turn defeat into victory
- Use goals to help you grow
If you’ve not read this book, I highly recommend it.
When I look at investments, I’m looking for those that provide exponential opportunity such as how do I turn $1 into $10. Typically, this involves a bundling of strategies and parallel processing. As an example, in order to grow your net worth in a big and exponential way, you may need to employ several strategies to pursue, all at the same time.
For instance, can I obtain an asset at a great price, add value to that asset through transformation, then have that asset generate a large ROI by leveraging the efforts of others, while utilizing a tax strategy that considers and plans to minimize the tax impact today and far into the future. If that weren’t enough, how can I have this same system running for multiple investments all at the same time?
I can say, based on my personal experience, that thinking about increasing wealth exponentially, rather than incrementally, provides a route to Financial Independence and Retire Early (FIRE), but creating that Magic requires Thinking Big.
Please share your thoughts and feedback, as well as personal experiences of how Thinking Big and exponentially, rather than incrementally, has helped you achieve great results.