Monthly Archives: July 2016

A Powerful Law of Attraction Money Tip You

Like the law of gravity, the Law of Attraction is absolute and makes no judgment, regardless of whether or not you believe in in. By understanding its basic principles, you can use this amazing law to draw anything you wish into your life. And when it comes to finances, knowing even one Law of Attraction money tip can make significant positive changes to your bank account (in your favor, of course).

The Law of Attraction (also known as LOA) states that anything that you focus on most of the time will be drawn to you. So commonsense would tell you that if you anted more financial wealth in your life, you’d simply focus on getting wealthier. Unfortunately, this goes against human nature. What the majority of people do is place their full attention on what they DON’T have as opposed to what they want.

Since the LOA will give you exactly what you are thinking about most, people who dwell on their lack of money ultimately attract more experiences to them that keeps them lacking for money. To change this situation, if you have to reverse what you are placing your attention on.

Law of Attraction Money Tip: place all of your mental energy on the money you want to have instead of your lack of money.

Sounds simple enough, but just changing your “money mindset” can drastically improve your financial situation. So instead of worrying about not having enough money, you need to place your attention on the money you’d like to have. Get rid of those “I never have enough money” thoughts, and instead replace them with images of the amount of money that you’d like to have.

This one Law of Attraction money tip, if acted on with strong emotion, will manifest money to you almost instantly. If you want more money, then fill your mind with thoughts of having more money. Visualize that money in your hand or your bank account, and it will soon be there, almost as if by magic. Don’t be like 95% of people who struggle each day with not having enough financial resources. Be wealthy in your mind first, and let the LOA take care of the rest.

Money Tips For Young Adults

Financial independence and stability are two very important things that every young adult needs to have. In this article, 10 money tips for young adults will be presented that will make the road to financial independence and stability a little bit easier.

1.) Never live above your means. Living above one’s means is living a lavish lifestyle that one cannot afford. This can lead to debt, so it should be avoided.

2.) Get a good job. In today’s economy, that might seem like a difficult task, but it is critical to becoming financially stable and independent. Making sure that one has the proper education and training and diligently looking will make this process a lot easier.

3.) Pay bills on time. Being able to pay one’s bills on time is one of the biggest hurdles one’s must jump to become financially stable and independent. Achieving this will allow a person to be able to manage his or her money better.

4.) Establish and Maintain Good credit. Good credit is a necessity because before one is allowed to buy a house, a car, or many other items. Credit will most likely be checked. Paying bills on time, taking out a credit card or a loan, and avoiding debt will keep one’s credit looking good.

5.) Establish a savings account. One of the hardest things a person must learn about money is how to save it. Opening a savings account and keeping just a small amount of money in it is one of the best tips a young person can follow.

6.) Avoid taking out unnecessary loans. This can lead to debt and make the financial hurdle even greater to jump. Note that too much credit card debt falls under this category. Misusing credit card could lead you to dealing with debt negotiation company for debt consolidation quote or other financial troubles.

7.) Consider hiring an accountant. An accountant will be able to assist a person in managing his or her funds.

8.) Set up a monthly budget. Setting up a budget will allow a person to see how much he or she can afford to spend it each month. It will also help him or her avoid overspending.

9.) Do extra things outside of a job to make more money such as selling one’s old things on ebay, having a yard sale, etc.

10.) Seek additional advice from one’s elder. Elders have been there and done that with money, so they will probably be able to answer younger people’s questions about money.

This tip is so simple; you can implement it immediately and start seeing results you want! But it doesn’t stop there. You can actually take this a step further and increase your understanding using another simple technique. The problem is, I don’t have the space here to share it. It is, however, on my website.

Money Tips I Gave To My Son When He Got His First Pay Cheque

1. This cheque is the “real” money. Credit card is not money (it is merely a payment mechanism). Therefore, the cheque amount should determine your spending pattern; not your credit card limit. Utilize only that much limit which you can easily repay at the end of the month.

2. Contrary to popular perception, Cars, TVs, Smartphones, Air Conditioners, Tablets, etc. are NOT assets. They are liabilities. Because they depreciate. Because you need money to use and maintain them. So don’t accumulate too much of such “fake” assets.

3. For greater transparency, flexibility, liquidity, simplicity, convenience and better returns keep insurance and investment separate. So don’t buy policies that combine investment with insurance. Stick to pure insurance plans to insure against unfortunate eventualities.

4. Borrowing means spending tomorrow’s unearned (and possibly uncertain) income today. So be very careful. If you have to borrow, borrow for the “right purpose”, borrow the “right amount” and borrow at the “right cost”.

5. Start early, invest regularly and stay invested. Time makes money. Fixed deposits, shares, mutual funds, property, gold, etc. are merely the tools that Time employs to make money for you.

6. Saving tax is important… but not at the cost of investing in a bad product. Also, do not wait till the year-end to do your tax planning. Do it at the start of the year itself.

7. Keep things Simple. A simple term plan, a simple mutual fund, a simple medical insurance plan, etc. will work well in most cases. Don’t be under the false impression that complicated products do a better job.

8. Buying shares? Leave it to the experts. Just because you know how to drive a car, doesn’t make you eligible to participate in F1 race. Mutual Funds work like a car-pool… Mutually Beneficial, Universally Convenient and Highly Economical.

9. Don’t be misled by rosy promises and hi-profile advertisements (By the way, my son is an advertisement professional.) Promises of unreasonably high returns are often false.

10. Personal finance is not a difficult subject. It is lot simpler than trigonometry and calculus; chemical reactions, equations and formulas; Newton’s and Einstein’s laws; and all the commerce, history, geography, etc. that you studied in school and college. So “spend” some months learning about money matters, before you start “spending” your money.

Money Tips That Will Help You

Being a single mom is a financial challenge that does not have to break you! Single moms should be proud to be a single mom and can still have the success’s that you have always dreamed about. You simply need to be smart and creative when it comes to your money saving.

First of all, to be in control of your finances you must be a budget queen. You need to know how and when your bills are due, your paychecks come in and what you have for groceries etc. Your breakdown guideline should be: 60% of your income to needs, 30% of your income to wants, and 10% of your income to savings. If you don’t have a budget tool, I have you covered. Visit my website below for a free tool that will help you budget and get on top of your finances.

Secondly: Examine all of your house bills. Look at what you have and what you are paying. You will be surprised at the extra fees and services that you have, but you DON’T need. By reviewing your bills, and adjusting your services to what you NEED you will save hundreds of dollars a year – possibly even a month.

Third Tip- When you go shopping, ALWAYS, ALWAYS ALWAYS review your receipts to make sure you have been charged correctly. Quite often, scanners miss the sale and you miss your savings. When you find errors, go to the customer service counter and point it out. Most companies will offer you $10.00 off your next purchase for your inconvenience.

Fourth Tip – Be a smart grocery shopper! Don’t buy in bulk products that will expire before you use them. Head to do the bulk section and buy what you can there – you will save on packaging and fancy containers. If you find something on sale that you and your family eat a lot of (or that won’t expire quickly) buy lots of it and take advantage of the sale. Stay away from the isles and stick to the edges – they promote the isles as good sales, but they are not always and you end up making “impulse” buys that can be costly. Always make enough for left overs to save on lunch food and have a healthy lunch from your dinner left overs.

These are just a few money tips that I have up my sleeve, being a single mom too! Finding ways to save money is a hobby that can pay off in the end. After all, having extra money around to treat yourself and your child is worth taking a few moments to finding ways to save the money you work hard for!