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7 Simple Ways To Attract Money To You

7 Simple Ways To Attract Money To You

Are you the one who’s always complaining about never having enough money or maybe you’re not as financially successful as your peers or colleagues? Have you ever wondered what the “secret sauce” was or what exactly you could be doing differently to increase your financial success in life? Well, if you follow these seven tips then you are going to learn exactly how you can take charge of your money and fill your wallet with green!

1. Educate Yourself

The first step to increasing your income or building wealth is to educate yourself. If you only have a high school diploma then consider getting your Associate or Bachelor’s degree. Education can open up many doors to career advancement and higher pay. And remember, education doesn’t stop after you’ve finally gotten your college degree! There are plenty of things to learn about life long after you’ve graduated from college! Find something that you love doing and learn as much about it as possible! It’s impossible to know everything but the more you know, the better!

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2. Networking Is Key

Networking and actually connecting with other people in your field can open up many new opportunities for career advancement. Not only should you network with people inside of your field but also network with people outside of your field. You never know what you may learn by networking with people of different occupations and trades. You may even find a new interest or hobby in the process. And remember, networking does not mean to hand someone your business card. True networking is about forming meaningful connections by engaging in actual conversation.

3. Share Your Knowledge

Share your knowledge. Create videos, power points, e-books, or even write a blog and give them away for free to other people in your industry! When you give back others in the form of knowledge, you are also giving back to yourself by establishing yourself as an expert in your field. Establishing yourself as an expert is important if you want to succeed in your career and rise to the top. People are more likely to trust you with more important roles or tasks once you’ve established yourself as the expert.

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4. Discipline Yourself

When it comes to building wealth, having knowledge is important but self discipline is even more important. You have to realize that no matter how hard you work or how badly you want to build wealth, it’s going to require hard work and a lot of patience. It won’t happen overnight. Many people realize that it doesn’t happen overnight but they still fail to discipline themselves and work hard everyday in order to accomplish their long term goal of building wealth. If you can master the art of self perseverance then you’ve got what it takes to become financially successful.

5. Don’t Be Afraid To Ask For Help

In your journey towards building wealth, don’t ever be afraid to ask for help. You shouldn’t ever be afraid to ask a question no matter how simple or obvious the answer is! It’s better that you get help now rather than suffer the consequences of not getting help later. You can’t do everything on your own when it comes to building wealth so don’t ever be afraid to seek guidance. Also, you shouldn’t do something just because somebody told you to, you must learn how to identify between good advice and bad advice in order to succeed in life.

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6. Learn From Successful People

Learn from success stories from the past. Read up on articles, books, and documentaries on financially successful people. Learn what they did to become successful and what you could do to maybe follow in their footsteps. After learning from successful people, determine the path that you are going to take in order to become successful. This a great way to obtain a rough idea of what it takes to truly succeed financially in life.

7. Learn From Your Failures

Focusing on success can blind you from the most important thing of all which is to learn from your failures and mistakes so that you do not make them again. Learn to identify failures and educate yourself so that you do not make the same mistake twice. If you ever want to become rich then ask yourself this, “What have I done in life so far that has resulted in me not being rich and what can I do to change that?”. If you can learn from your failures and change your bad habits and form good ones then you are one step closer to becoming financially successful in life!

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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