Adrian Newman’s latest ‘e-Wealth Daily’ article is titled “Weekend Success Bulletin”. [Adrian Newman’s Article]

Adrian Newman’s latest ‘e-Wealth Daily’ article:

Weekend Success Bulletin

Are there really secrets to attracting and saving money that most people don’t know? Probably not.

However, there are a lot of things you can do that will increase your chances of becoming wealthy. In fact, I’ve found 10 things that you can do that will have you attracting money like a super magnet attracts a safety pin:

1) Look to Make, Not Spend: As a consumer, you are bombarded with opportunities to spend your money. The marketing and advertising are geared to that specific group that acts as if it were allergic to money!

As soon as these people get a raise, a bonus or a tax refund check, they find something they can spend it on. A new wardrobe, a new car, and new electronics are just a few of the items that these people can throw their money at.

Use your money to make money. Remember the old saying that a mediocre investment is better than a good purchase.

2) Separate Your Wants From Your Needs: Do you find yourself constantly searching for the next product to buy? Do you always have to own cutting-edge products? If this is you, then you might have to change “I really want this” to “Do I really need this?”

There are two trends that consumers are falling for: smaller electronics and larger perishable items. So, think about whether you really need the cell phone that’s the size of a “Tic Tac” box or the eight-gallon jar of mayonnaise. The small phone will work just as well as the regular-sized one and, while the mayonnaise might be better priced on a per-ounce level, save your money (and your heart!) and get a regular-sized jar.

3) A “New & Improved” Way to Throw Away Your Money: Buying a new car? Why? I’ve written in the past about the benefits of owning a used car. But this “New & Improved” theory doesn’t just apply to cars.

This sales tactic works with televisions, appliances, computers, various household items, etc. The common practice for a lot of the manufacturers is to convince you that what you currently have is out of date. Most times, it’s nonsense!

For example, the new flat-screen technology for televisions claims that the picture is clearer and more life-like than the old tube screens. That may be true, but if your only problem with your current TV is that it’s not a flat screen, then you’ve fallen into the “New & Improved” trap.

4) Reward Yourself…But Keep It Special: Life isn’t just work. You like to enjoy the fruits of your labor, which is great! But try to make your rewards goal-oriented.

If you reward yourself too often, then the novelty of that “special treat” is gone. Also, if you reward yourself too much (for example, saving $1,000 and spending it all), you can drop yourself back to where you started. Liken it to someone who loses 50 pounds and, as a reward, eats enough to put the 50 pounds back on.

Use goals to give yourself rewards. Go out for a nice night on the town every time you save $500. If you want an expensive gadget (like a miniature cell phone or flat-screen TV), save double of what it costs. It will make you more motivated to save your money.

5) Set Goals and Prosper: So many people say, “I want to be rich!” I ask these people a few questions:

How rich do you want to be?
How do you plan on getting rich?
When do you want to be rich?

The answers I get back are:

I don’t know, I don’t know and, I don’t know.

Well, without a goal to strive for, you will never achieve the wealth you want. Saying “I want to be rich” is not enough. Saying that you want to net $2.0 million by the end of next November by turning your new business idea into a moneymaking venture is the way to prosper!

In my next article, I’ll reveal the remaining five ways to accumulate more money!

Sincerely,
Adrian Newman
Founder, e-Wealth Daily
http://www.ewealthdaily.com

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin andwww.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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