Here are some valuable and easy to implement tips to bring more money into your life. Some of them take very little energy or time to put into practice, while others require a bit of self discipline and willpower. See if you can start putting some of these tips to good use today.
Always Carry Cash
This tip by Tony Mase is one that I suggest you implement right away. It is easy to do and it is surprising how quickly your outlook on wealth can change simply by carrying some cash around.
Not long ago, I came across a survey in which people were asked how much cash they had on them right now. Some sixty-percent of this survey’s respondents said they had less than $20.00 in cash on them; some twenty-percent of them said they had less than $5.00 in cash on them.
If you want financial abundance and prosperity in your life, it’s absolutely necessary for you to “feel” financially abundant and prosperous right now.
Quite frankly, it’s real difficult to feel financially abundant and prosperous when you’re constantly walking around broke.
It’s even more difficult to feel financially abundant and prosperous if every single time you walk into a store to buy something, you worry about whether or not you have enough money on you to buy what you want and even worse, you worry about suffering the embarrassing consequences if you don’t.
If you want to follow this advice- Always carry heavy!
Take the next few hundred dollars you earn and put it in your pocket, not the bank.
It’ll feel much better in your pocket than it will in the bank and it’ll help you develop and maintain the state of mind that’s absolutely necessary for you to attract financial abundance and prosperity into your life.”
Buy the Best for Yourself
Putting Tony’s second tip into action requires a bit more effort and I suggest you start putting this into practice by experimenting with some smaller purchases to see how it makes you feel. It is a great habit to start developing.
One of the single, biggest mistakes people make in their quest for wealth is buying things because they’re cheap rather than buying things because they’re the best.
Surrounding yourself with cheap things is not in any way conducive to developing and maintaining the mental attitude that’s absolutely necessary for you to become wealthy.
In an article, titled “The Constructive Attitude”, Wallace D. Wattles, best known for his classic masterpiece “The Science of Getting Rich“, said this on the subject: ” if you wear cheap clothes, eat cheap foods and surround yourself with cheap things to “save money” you will put yourself in the mental attitude of cheapness and inferiority. You will think of yourself in connection with cheap and inferior things, and so will see yourself as a cheap and inferior person. The cheap and inferior within you will be brought to the surface, and you will never do your best. You will be incapable of exerting your whole power, and by the law of reaction, cheap and inferior things will move toward you.”
On the other hand, in the same article, he said this:
“If you wear the best, eat the best and have the best in your home, it puts you in the right mental attitude. You see yourself as one who has the best, is of the best, and IS the best; and the best there is in you will come to the surface. You will take the mental attitude of faith, confidence and power, and your success will be assured. You will take hold of your work with conscious power, and your work will be well done. You will BE the best, and by the law of action and reaction, the best will move toward you.”
So If you want to be wealthy:
Starting today- stop buying that which is cheap and start buying that which is the best!” If you want to read another good article dealing with this subject read “Get over cheap charlie syndrome“.
Pay Yourself First
For good reason, this is a topic and tip that comes up often in many books offering advice on money and financial wealth. David Cameron Gikandi provides a nice run down on the importance of paying yourself first:
Wealth comes from the growth of assets (cash, stocks, property, or any other asset). Assets are purchased with income. If you do not put aside part of your income to acquire assets, you will find it extremely difficult to acquire wealth.
However, if you do put aside part of your income to acquire assets, you will find it very easy to acquire wealth. It is all very simple.
Just to summarize:
No savings = no investment = no wealth growth
You can’t invest what you don’t have. So the first step is to, guess what, save some money! Not once, but consistently and systematically. But look at it like this:
Lets make up a simple example for illustration. Lets say one week is composed of 10 days. And lets say you work for all those 10 days. You earn $100 each day. This is week 1. By the end of week one, you have earned 10 x $100 = $1,000. Now, if you spend the entire $1,000 and you have none of it left by week 2 (or even by week 30 or week 200), your entire efforts for week 1 have evaporated!
You have nothing left to show for your efforts. Nothing! What were you working for? For who? You gave away all your money. You paid everyone else except yourself! Now, here is something you should know: No successful corporation or wealthy individual does that! None! And if you are doing it, then it shouldn’t be a surprise that you aren’t accumulating wealth.
So how should you live if you wish to start accumulating wealth? Well, let us continue with our example. In week 1, you would keep the money you earn on day 1 (so you keep 10% of your income), and spend the money you earn in the remaining 9 days. And you would do the same in week 2, in week 3 and in every week. No matter what, you would keep that contract with yourself, the contract to pay yourself first.
You are valuing and honouring yourself. It is a testament that you believe that you have a future worth investing in. It is a testament that you value your work, your income, what you make for yourself. You don’t pay everyone else and remain with nothing!
Why on earth would you do that when it is your money! You deserve to keep part of it; after all it is you who earned it. So, even in week 200, you would still have with you the 10% from week 1, week 2, and every other week. And you wouldn’t keep this money so you can spend it on a holiday, car or something like that (that should come out of your other 9 days).
You keep it so that it can work for you, bear children for you, and make you more of its own. You worked for it, and now its time to have it work for you. So, you invest it right from the beginning. So by week 200, you would still have with you the 10% from week 1 plus its children (what it has earned in your investment), week 2 plus its children, and every other week plus their children.
And because you are re-investing your returns (the children the money bears), your investment will be compounding itself, so the children themselves will be bearing children of their own, into many generations.
The gains you made in week 1 will be re-invested and they will earn more money themselves in week 2 and so on, and that money itself will earn more money in week 3 and so on… And this just grows into what you call wealth, generations upon generations of your money earning for you. And it all starts when you honor yourself enough to ensure that no matter what happens, you keep at least 10% of what you earn every week!
You pay yourself first.
As your investments grow, you can enjoy some of your money, but you must remember that keeping it invested is what gets it growing. So, you may choose to spend, say, 30% of your investment gains (your returns) and re-invest 70%.
Arrange your life so that, no matter what, no matter what, you keep at least 10% of your income every week. And don’t spend and hope some will be left over to save and invest. Pay yourself first, first, before the bills, the gasoline, the food, the clothes, the … Pay yourself first.
Read Books and Listen to Audio Programs on Money
It is no coincidence that most wealthy individuals read books on money!
Yes, they really do, and you can learn from these books as well. People who don’t know a lot about money strategies tend to be poor. Rich people use their time to learn about making money, investing money, and handling money.
I have compiled a starting list of books to get you going. Included in that list are some great Audio programs as well. Just check out the recommended reading material list.
There are hundreds of books that you can take advantage of to improve you knowledge on money. Just imagine the power of reading one money book a month over the next year. I guarantee that doing so will improve you financial situation and help bring you much closer to your financial goals. Start today and keep on reading! If reading is not your strong point then try listening to a money audio program. The key is to immerse yourself in the topic of money and wealth creation and gain as much information and knowledge as possible. There is a reason why they say “Knowledge is Power”.