finance advice

3 Ways To Spice Up Your Accounts With Spreadsheets

Noting all your accounting and financial information for your business or personal finances can be a pain. Whether it’s for your accountant or financial advisor, or your own tax or financial records, it’s a chore that is difficult and sometime complicated to achieve and can become a real problem at times like accounting and tax-year ends when information needs to be nicely organised.

Which is where spread sheet come in, particular Microsoft Excel which the majority of people use and understand, although others apply similar principles for example Google Spreadsheet or Apple’s version called Numbers. If you’re already familiar with these you will appreciate how you can easily open and add information there and then, or if you’ve never really used them then they appear daunting.

glassesHowever in reality they are just a way of writing things down on your computer, even if you just tap numbers in and press the ‘enter’ button each time to go down to the next line, you can always pass this to an accountant or whoever to then use the basic information.

Here are 3 ways to spice-up your spread sheets rather than just lists of boring numbers. Ways to more easily present and actually use all this accounting information at your fingertips, and easily applicable even if spreadsheets are new to you:

1. Rows & Columns – make use of the spread sheets moving both horizontally and vertically and therefore the full 2 dimensions. So instead of listing just one column of figures, use says the rows to match the types of expenditure and income and then columns as different time periods e.g. months of the accounting year. This time/type split is popular, although can be vice versa with time on the rows.

2. Tabs – each spread sheet file has a separate ‘sheet’ or ‘tab’ within it, often accessed from the bottom of the spread sheets. Just click the new tab, and a whole new sheet appears. This is great for including everything in one file rather than having endless files everywhere, for example different types of accounts like profit and loss or balance sheet.

3. Colours – a simple addition that can make a huge difference, particularly for those who are visually focused. Numbers can be made red for when say negative values, sections of important figures or rows/columns of figures made a different colour, and even sections of data different colours, for example certain types of expenditure within one category.

On final advanced tip is the use of charts and graphs. These will appear far too complicated to use when you first start, but once you get the hang of how they are created and what information on your spread sheets to use they can be easily used to produce impressive visual impressions of otherwise streams of raw financial figures.

A final point as well is that spreadsheets can exist online now rather than just on your computer. Traditionally they are software programmes, particularly excel, where you open it on your own computer and everything is stored on your computer. Online spreadsheets are on a website, so everything is saved online – the advantage is that they can be easy to access and use, and able to be shared with others, the downside is that they can have limited features.

Andy Nuttall is from The Website Designer and the BEST range helping source the right local businesses.

Two Ways That You Can Starting Saving For Retirement

Regardless of the numerous uncertainties that the future brings, retirement is one constant fact that looms in the distance. However, if you plan for your retirement well enough, then this period of your life may not be so uncertain after all. It’s not just enough for you to set your finances in order so that you could retire in relative comfort. Part of planning for your retirement also includes knowing when you will, or would want, to retire; where you will live when you do retire; and what you would fill your time with during that time.

5474213121_2dce5e59b3When should you start saving for retirement?

The best time to start saving for retirement is as early as you can manage. The reason for this is because when you start contributing to your retirement fund earlier, the power of compounding allows you to make more out of your money. Stocks, mutual funds and employer-sponsored retirement funds need ample time to give you a significant nest egg since the longer that your money works for you, the more you make in the end. However, it is never too late to start saving for retirement even when you’ve already missed the early train, so to speak.

What is a 401(k) and other company plans?

401(k) is an example of an employer-sponsored retirement plan. On top of 401(k), there is also 403(b). When you take advantage of such retirement plan, you get automatic savings as well as tax incentives to save for retirement. In most cases, these employer-sponsored retirement plans also offer matching contributions.

The great thing about saving through a 401(k) account is that your contributions are tax deductible or you can take advantage of tax-deferred growth. At the same time, when the going gets tough, you have the option to borrow from your plan or to make use of your funds in the event of “hardship” such as when you’re sending your kids to college.

However, there are penalties when you withdraw your funds early, which mean that you’ll have to wait until you are at the normal retirement age before you can take full advantage of your earning. At the same time, there is a yearly cap on the amount of contributions to you can make.

What is a mutual fund?

If your employer does not offer a retirement plan, then you can choose to go for a mutual fund instead. A mutual fund is a pool of stocks or bonds which are professionally managed, divided and then sold to investors. The great thing about going for a mutual fund, especially if you’re on your own when it comes to building your retirement fund, is that the stocks and bonds are already diversified. At the same time,  Nick Scali on twitter also agrees that the low initial purchase of the stocks makes it easy for amateur investors to buy difficult to acquire stocks and bonds of companies. However, just because the fund is professionally managed does not provide an assurance that the funds will perform well and fluctuating returns is not uncommon.

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Carl Farell is a financial planner who has vast experience in mutual funds, stocks, insurances and savings. His blogs often feature articles on investing, financial management and lease financing.

How To Grow Your Investment And Gain Financial Independence

Everyone wants to achieve financial independence—that is to be free from the chronic and daily woes of having not enough money. While you can earn money by going to your 8 to 5 job day in and day out, some individuals choose to play it smart and invest. The great thing about investing is that instead of making you put in the work, your money does it for you. But before you make a nosedive for investing simply because it promises the possibility of money in the future, you first need to find out exactly what it is you want to get out of it.

Flickr ImageWhat is your goal in investing?

You may have heard of miracle stories involving ordinary people suddenly making it big just because of a simple investment move. To be perfectly honest, you may not be able to quit your job months, or even years, after you start investing. Unless you decide to make investing your primary source of your bread and butter, you will have to carry on with your job and invest only on the side.

However, the best reason for you to invest your money is so that you’ll gain financial independence even during your twilight years. This means that you can live comfortably even after you retire without worrying about how you will be able to manage your finances. This may dampen your spirits a bit considering that there has been so many stories of individuals who invest with their yachts and their life in the lap of luxury, But then again, only a handful of individuals, and they often devote their entire lives to the ins and outs of the investment world, manage to land with such a fortune. The wisest goal in your case is to have your investments earn enough for you to live off during your retirement and even after you’ve joined the great majority.

What are the two investing strategies that you should be looking into?

1. Mutual Funds

A mutual fund is a type of investment vehicle wherein funds are collected from numerous investors and are managed and invested by money managers into different securities including bonds and stocks. The portfolio of the mutual fund would be structured according to the investment objectives of those who contributed to the fund. One advantage of going with mutual funds is that even though you only have a small amount of capital to invest, you can still gain access to the diversified portfolios which would otherwise be difficult for you to buy into if not for the mutual fund. Of course, it’s crucial that you pick out high-quality fund providers.

2. Buying and Holding Stocks

If you want to have a more hands-on approach to investing, then why not try Warren Buffet’s way of doing things. Stock picking may give you are a more psychological satisfaction of purchasing a stock that increases in value, but if you purchase stocks of reputable companies and then hold on to your purchase for years, you’ll have a more valuable asset on your hands in the form of your portfolio. You may add Nick Scali on twitter when he mentioned that when your stocks start gaining dividends, you’ll can reinvest that amount and see the number of your stocks grow.

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Carl Farell is a registered financial planner by profession. He also loves to write about finance and a regular contributor to investment blogs that cover wide array of personal finance topics such as mutual funds, stocks, insurances and savings.

Money Advice You Should Ignore

There are a lot of financial “gurus” out there and plenty of blogs and magazines that offer the “best financial advice”, but a lot of them are just interested in writing an article or they are just misinformed. You may even have a close friend or family member who means well, but just doesn’t know what they are talking about when it comes to money.

Some of this expert advice could actually end up harming your financial situation rather than helping it. So how can you tell the good advice from the bad? What advice should be listened to and which advice should be ignored? It’s hard to know sometimes, but here are a few pieces of advice that should be ignored…

Cut the Cards

cut card

I hear it all the time and it’s not 100% bad advice, but taken to the extreme it could be really bad. That advice is to destroy all of your credit cards. Remember, the problem isn’t the card, it’s the one using the card.

I am firm believer in staying out of credit card debt, but I am also a firm believer in building your credit through the use of credit cards. The problem with destroying your credit cards, as I see it, is that it is really hard to build your credit score without them. Also, in cases of emergency a credit card can be a lifesaver. The trick is to pay off your credit card bills in a timely manner by paying more than the minimum monthly payment.

My advice is to pay off your credit card debt and then destroy all but one credit card for emergencies and for the sake of building your credit back up.

 A Life Plan For Your Children

A lot of insurance agents guilt trip well-meaning people into investing in a life plan for your kid should something tragic happen to you. It’s good to plan for the future, but what if nothing ever happens to you? Then you have been paying for something totally useless!

I recommend that instead of investing in a life plan you invest in your child’s college fund. This way they get the money w

hether or not you die and you can actually use it toward something.

No Fun

So you are in debt, you don’t have the greatest income, but you are still human. I hear it all the time that you shouldn’t budget for “fun” when you are in debt, but if you don’t make provision for fun or entertainment then you will go crazy, hate life and resent being money smart. It doesn’t have to be a lot and you don’t have to do something every weekend, but set aside a little something for occasional fun or else you will go mad.

The Cost of Couponing

Couponing has become a craze recently and that’s not a bad thing, but like anything you can do it wrong and waste a lot of time and energy doing so. Actually do the math when couponing and make sure the savings are worth it.

A lot of people who coupon end up buying stuff they don’t need because they are “saving”. You are not saving if you buy something that you don’t really need, want or will ever use. Coupons can be a trap that people fall into, so remember that when you coupon the goal should be saving money on what you were already going to buy. Anything else is money down the drain.

With any advice I suggest that you chew the meat and spit out the bones. What I mean by that is that you should take in the good advice and ignore the bad. If you’re not sure then do some more research on your own and find out what you think would work best for you and your financial situation.

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By Henry H. Hernandez

Henry Hernandez is a veteran from Texas with a lrge family. Henry works with an e-commerce site that sells cheap checks online You can connect with Henry on Google+.

The Smarter Way To Invest

Maybe more than ever before it’s vital to make your money work for you, which is why it’s a perfect time to think about investments.

While returns on savings are coming under pressure from low interest rates, inflation is still making things more expensive. There is still good money to be made from smart investing – which leads onto the big question: how do you keep your investments smart?


Well the first thing you have to remember about any investment is that there is an element of risk involved. Regardless of what anyone says, there really are no sure bets so be under no illusions – when you invest your money you will be taking on a little bit of risk. You’ll have to balance this up against the rewards that are available.

Still interested? Then read on for a guide to making smarter investments.

Plan for success

The most important step you take on your road into investing is that of planning. Realising what you want from your investments is absolutely key to making smart decisions in the investment market. Take some time to evaluate some of the following questions:

  • What are your goals? What do you want from your investment? Take some time to think about the financial aspirations that you are saving towards and what your time frames are for achieving them. Be realistic though – it is important to go into any investment with your eyes open.
  • What’s your comfort zone? As we touched on a little earlier, investments carry a little risk but each carries a different level. The basic rule of thumb is the lower the risk, the lower the return so make sure you are comfortable with any investment you make. And if you decide to chase the big scores, be prepared to risk losing the money you put in.
  • What type of investment will fit in your comfort zone? This is the big question, and one which will depend very much on your own circumstances. There is a dizzying array of investment opportunities out there, from traditional share dealing to the slightly more unusual. Research the options available to you and measure them up against your goals before deciding if they are right for you.
  • Would you feel more comfortable getting some advice? It’s perfectly possible to enter the world of investments independently and the benefits of doing so are clear as you will be able to preserve your profits. However, it can be a complicated landscape and good advice can more than repay itself. If you feel like you’d benefit from a little help ensure that you go somewhere reputable for advice on your investments. This is one thing you don’t want to take a risk on.

Our top five investment tips

After you’ve asked those questions of yourself you’ll be in a much better place to start making effective investments. As you plan and then launch yourself into the investment market there are a few more useful pieces of advice which can help to maximise your returns and keep you away from potential pitfalls. Here are our top five:

  • Keep an emergency fund: If you want to be a smart investor cover yourself against the unforeseen events which can give your finances a real knock. Events such as unemployment and illness can seriously threaten your financial security so keep a selection of investments which you can tap quickly and easily.
  • Check the news: New developments in the investment market could affect your investment choices. Keep on top of them by regularly checking up on relevant news sites that cover the investment market.
  • Clear the decks: If you have any outstanding debts try to clear them before launching into an investment strategy. High interest credit cards will often charge you more than you could hope to make from your investments so work on clearing those debts before you begin investing. Otherwise any profits that you make from your investments could be quickly swallowed up.
  • Diversify your investments: The old adage “don’t put all your eggs into one basket” could have been written about investment portfolios. Keep a balanced portfolio, mixing up different shares and investments. This will give you a little more freedom to take risks as you can maintain a level of safety in other investments. And remember to periodically re-balance your portfolio to ensure you are not over-reliant on any one stock or fund.
  • Ask questions: As with almost anything where money is involved there are always rogue agents out there who are looking to scam you out of your money. The best way to combat these unscrupulous characters is to get informed. First off, familiarise yourself with some of the common types of investment fraud. Next remember to interrogate any investment opportunity you are presented with. If something sounds too good to be true then question it – more often than not it is exactly that.

Are you planning on making some investments? What are your plans?

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Cathering Halsey is a keen blogger that writes about a range of topics from technology to finance.

5 Coupon Hacks To Save Money

Who doesn’t love a deal?

You don’t need to be a die-hard coupon maniac to enjoy the thrill of BOGO (buy one get one). You don’t need to spend hours pouring over multiple copies of the Sunday paper to get a little rush as your grand total is reduced at checkout, either. Saving money just takes some savvy.

Here are five coupon hacks that can save you money from the comfort of your laptop or smartphone.

One thing to consider? Be careful about potential coupon fraud. It is easy to get fraudulent coupons or coupon codes online. If you don’t trust a site don’t continue, or you could open your computer or email address up to hackers. By following the official store brands and websites and using legitimate couponing websites or apps you can prevent fraud.

Get Honey

What’s sweeter than local honey? Honey the browser-based coupon-finder! That’s because Honey is a free coupon search engine that works with just a click.

Honey is a free extension that automatically searches for and applies coupon codes when you shop online. Honey works for over 100 online

stores so far, and growing. Here’s a video that shows Honey in action.

Fan & Follow

Don’t neglect to “like” or “follow” your favorite stores and brands in social media. Giving a simple “like” will put the store’s specials into your Facebook news feed. So will following the brand on Twitter. Monitor both for savings by checking in periodically, or keeping a notepad nearby to write down savings codes.

PHOTO: Flickr user MissMessieSavingStar Grocery Coupons

How would you like coupons automatically loaded onto your store loyalty cards? No cutting coupons and no need to remember to bring them with you. That’s the premise of SavingStar, a free service.

The savings here go on “behind the scenes” — you don’t get a discount at the register or see the discount on your receipt. You do, however, accrue your savings into a SavingStar account. Then you are paid via your bank account, PayPal, or Amazon gift card.

The money accumulated here can be spent at a number of online retailers or donated to your favorite nonprofit, like American Forests. If you choose the nonprofit route, you can effortlessly give to worthy causes without changing your shopping habits.

Rethink What You Really Need (Free!)

Coupons are great, but so is living with less and consuming less. One of the best coupon hacks is to focus on changing your lifestyle. Get off of as many treadmills as possible and your savings can be significant. Who says you have to live like everyone else, anyway?

Start at home. Reduce your family’s overhead costs by moving into a smaller house or getting rid of one of your vehicles. Plant a square foot garden to offset some of your food costs. Commute to work on your bike. Make your own laundry detergent and hang your laundry to dry on the line to reduce your utility costs.

These and multiple other changes do add up. Simplifying your life can also be deeply satisfying, too — and that’s worth just as much, or more, than any coupon savings.

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Katie McCaskey is a freelance journalist writing for Vistaprint Deals, the official website for Vistaprint coupon codes. Besides running a small business in Staunton, Virginia, Katie has covered personal finance and small business marketing topics for over 10 years.

The Top 10 Ways That A Notepad Can Improve Your Finances

When making ends meet starts to become a struggle there are a large number of different things you can do to help boost your finances. For most this will mean changing bill and service providers, writing out a fresh budget, or getting a loan of some sort – but there are other more subtle means to improve your financial well-being too that that involve changing your own behavior and the way you think about your cash.

One great example is to start carrying a notepad. This is a tiny difference that will cost you very little and add barely any weight to your load – but once you start using it daily it can make a big difference in the way you handle your money and add significant value to your overall finances. Here we will look at why a notepad can be so useful and how you can use it to improve your cash flow.

Cash Book

The first and most obvious use of a notepad is to use it to keep track of all your expenditures and purchases. This way you can turn any notepad into effectively a cash book that will allow you to keep track of what your balance should be at any time. In turn this will make it easier to stick to your budget, and to keep a running total of how much money you should have (making it easier to spot discrepancies).

Of course you will ideally keep a spreadsheet or another more complete system for keeping track of your money, but carrying a laptop everywhere with you is hardly practical and remembering every little transaction can be tough too. With a notepad you can write down your purchases right there and then, and then just add them to your spreadsheet when you get home.

Wish List

Sometimes you will find yourself in something of a ‘mental battle’ with yourself when you really want to make a purchase but aren’t sure if it can be justified or not. In such a situation you can stand in a store beating yourself up, and more often than not you’ll end up making the impulsive decision to just buy the item and worry about it later. Unfortunately though, you’ll often find that when you get home, you realize you didn’t need that item and you just wasted your money.

What’s going on here is that you’ve made an emotional decision influenced by the in-store marketing, and by the desire to get that new thing. The whole way stores are laid out and their advertising is employed is designed to prime you into a mood where you want to buy things – which means the decision is often almost out of your hands. You can feel like you need to get it now because you’ll forget to come back for it otherwise and because you want desperately to use it that night.

Of course waiting for a few days and coming back later is by far the best way to avoid these very emotional financial decisions, and that means getting your urges under control. Using a notepad can help you to do this simply because it means you can write down what you want. Once you’ve done that you’ll know you aren’t going to ‘forget’ it, and you can come back to it later. This allows you to breathe easily in the store, and to make a more logical decision later on.


Having a notepad and paper allows you to do math and calculate totals when you’re adding items to your shopping cart, or when you’re looking at the cumulative price of all your bills. This is very useful when making decisions about your finances, and particularly when you’re out and about and you don’t have a calculator on hand.


Of course with it being called a ‘notepad’, the main use of this little tool is to allow you to write notes. This can be any number of things from remembering to take out the trash to writing a to-do list for your day. So it follows that you can also use a notepad for notes that pertain to your finances, and whether this is remembering to pay a bill or remembering that you need to transfer some cash, it can often help you avoid getting into trouble.

This article is authored by Chris Snelling. He is the owner and editor of the popular financial blogging site He believes that the best way to save money is not to spend it in the first place. You can visit his website to read his latest article on effective and skillful budgeting. You can also follow him on Twitter.

5 New Year’s Resolutions To Make For Your Money

Financial DecisionsNew Year is a time when many people make promises to themselves which often involve being more positive, being healthier, and even being more responsible with their money. During tough economic times, it’s very important to remember that the financial decisions you make today will greatly impact your future. We look at some resolutions you can make for the coming year to help you build a better financial future:

1. Keep track of where your money goes

If you don’t keep track of your spending and saving every month, it’s definitely time to make the resolution start. It’s vital to keep track of your finances by logging all of your income and expenditure, as well as tracking interest earned on savings and the growth, or indeed losses, made by your investments. Christmas is a time when many people overspend, one last present, one forgotten relative or one new outfit for the special day, can lead many people to spend more than they have. Christmas is probably the hardest time of the year to keep track of your spending, but the New Year should be the time you resolve to put it right.

2. Save more by repaying debt

Interest rates are very low, so putting your money into savings accounts will not earn you as much as it used to; you may also find that stock market investments are too risky for you. Repaying debt can therefore often be the answer. The interest rate you pay on unsecured debt, for example personal loans and credit cards, can still be high, even in these times of relatively low interest rates.

Why save and get an interest rate of 3% or 4% when you might be paying nearly 20% on your credit card debt?

3. Diversify your investment portfolio

If you are an investor, resolve to keep track of how well your portfolio is diversified in the New Year. Successful investors know how important it is to diversify your portfolio, between different asset classes, such as equities, fixed interest assets, property and cash, in order avoid putting all of your eggs into one basket. Working with a professional, trustworthy Independent Financial Adviser, who will guide you every step of the way, can be a great way to diversify with ease and confidence. Alternatively there are many websites available to help the DIY investor achieve the same objective.

4. Learn about investing

If you don’t know anything about investing your money, use the coming year to learn all that you can. The first step to successful investing is to educate yourself; the time you put into your financial education will certainly be rewarded in the future, as you make fewer mistakes.

There are a huge range of resources available to choose from. You could take a class in person or online, or you can read up on the subject by browsing through books, magazines and a select few of the countless websites on the subject. Of course each method is different some starting with basic concepts whilst others will look at the advanced techniques used by professionals.

Websites such as MoneySavingExpert or Motley Fool are a great place to start.

5. Choose an Independent Financial Advisor

If you don’t have the time or inclination to make your own investment decisions, then the answer is probably to find the right adviser.

Of course working with an adviser will mean you have to pay them, nothing comes for free, however, it should mean less mistakes are made and ultimately that you make more money, which at the end of the day is the main aim of investing.

Picking a professional who can teach you and help you grow your money at the same time is the perfect way to get on track quickly and easily. The right adviser will be able to understand your needs and address them in the best way for you, but be careful; the wrong advisor will lead you into making the wrong decisions, so do your research, interview a number of advisers, take recommendations and above all, choose wisely.

If you can’t get a recommendation for an adviser, try Unbiased to search for IFAs in your area.

Phillip Bray writes for Investment Sense and is an expert on all areas of personal finance including savings, investments, and pensions, particularly SIPPs.

Tricking Yourself Into Making Saving Money Fun

Money Saving TipsWith the economic climate still precarious and most families still having to cut their cloth according to a tighter budget, a lot of people are finding that they are having to seriously adjust their spending habits for the first time in their lives. Now that money is tight and credit unavailable, a great many people are having to keep a track of exactly how much they spend every week and having to make cuts in what they spend their money on. This might mean buying less clothes, cutting out one or two evenings out or reducing the amount the family spends on junk food. This can, to many people be very distressing and humiliating, but it doesn’t have to be that way. In fact, with a bit of careful thought it is possible to turn the whole process around and actually make saving money fun. This article will outline a couple of ideas how to do exactly that.

Firstly, think about how you get around. Travelling by car is probably one of your biggest expenses, particularly as the price of gas shoots ever higher. One way to fix this is to look at all of your journeys every week and work out which ones are necessary and which ones are unnecessary. If you work fairly near your home you could start going to work by bike instead of by car. Not only will you save a fortune in gas, you will also get fit to boot! Similarly, instead of taking the family out in the car every weekend, why not change your routine to include the occasional family day out on bikes? Fun, good for the family and best of all, free!

When it comes to getting the family to save money there are a number of tricks you can use but the best way of making saving fun, particularly with the kids, is to invent some kind of saving game for you all to play. This might be done by setting challenges – who can go for the longest period without needing any money or spending any money aside from the bare essentials, for example. If you are on your own then you could set yourself a challenge when you go to the grocery store – to reduce your bill by 25% for example. Put any money that you save into a special savings account (or a jar) and see how much you can raise in a year.

One way of making savings at that grocery store is to change how you eat as well. Try getting a few friends together each week and taking turns cooking. Whether it’s a bunch of friends or a bunch of families the result is the same – both a great deal of savings in your budget and a more sociable entertaining schedule! Also, make larger portions of shared meals and then freeze them to snack on during the rest of the week.

Finally, look at how you spend your spare time. Are your hobbies and pastimes expensive? If you go to the movies a lot (which is ridiculously expensive these days) then get into the habit of taking your own drinks and popcorn rather than buying it at the theater. Or better still, don’t go at all and start watching everything as a family at home on DVD.  Instead of going to expensive theme parks go to free museums and instead of expensive sports events go to the park and play sports with your kids. Doing all of this will not just improve the quantities in your accounts, it will also improve the quality of your life.

Esther is a financial journalist and business blogger. She writes about all areas of personal finance affecting the consumer from tax relief to credit and store cards to factoring receivables.

The Law Of Attraction – And How It Could Make You Rich

If you read self-help books then you will find that largely they all say the same thing – the only thing that changes is the way that they say it and the different goals they promise you’ll be able to achieve as a result.

One of the most popular recurring themes for instance when you read self-help books is the ‘law of attraction’ which is a concept that lends itself very well to tis area and which can easily be re-written to apply to different areas of your life. In many cases then you’ll come across the law of attraction in various different guises when you read books designed to help you get rich and generally on personal finance. But what is it? And does it work? Here we will aim to find out.

What is the Law of Attraction?

The idea of the law of attraction is that ‘like attracts like’ and that the way you behave and act will ultimately affect the way that others behave and act toward you. It can also be compared to the concept of the ‘self fulfilling prophecy’ and generally it suggests that if you behave and act in a certain way, then your life will change to follow suit.

A very basic example of this for instance is what you buy and what others buy for you. What you would assume here is that the person who is poorer and who has less ‘stuff’ would receive more gifts and presents from others than the person who has more and isn’t wanting for anything. This of course would make sense – because the person who has a lot of stuff needs less. However the reality is that actually we tend to give people who are wealthier and who have more things already more expensive gifts than those who do not. The simple reason for this is that we are trying to ‘keep up’ with the standard of what they own and give them something they aren’t likely to turn their nose up at (though hopefully no one would do this).

How it Makes You Rich

The general idea behind using the law of attraction to get rich then is that if you act like you are already rich and successful then you will be more likely to become rich and successful. This means spending a little more on your hair cut, dressing better and walking with more confidence. Act as though you know you’re going to be successful and everyone who deals with you will think that you must be – otherwise why would you act like that? This in turn will give employers more faith in you so you are more likely to get better jobs and it will mean that people want to do more business with you so that they can become successful ‘like you’.

Of course you could just liken this to investing in yourself – investing in your looks and your confidence so that others believe in you too. That’s all this really boils down to – valuing yourself. And while it’s not smart to spend money you don’t have, if you look like you value yourself highly then other people will be more likely to do so as well.

Kat Edwards is a professional finance blogger and writes on topics ranging from frugal living to proven money making methods. In her current assignment, she is writing for a popular caravan insurance quotes website

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