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How To Become A Money Magnet

Equipped with a best-selling spirituality book, you realized that there was a secret to cultivating the life you want. I know how bizarre this sounds, but hear me out! Rhonda Byrne, The Secret’s author, claims that our thoughts can influence the world we live in. This concept of manifesting destiny is called “Law of Attraction”. According to this concept, investing positive energy and belief can lead to a desired outcome. In contrast, negative thoughts may attract negative outcomes.

Similar to other philosophies, the Law of Attraction stresses how the universe and its creations are made of flowing energy. Your energy can be used to either attract or repel money. To attract money based on the Law of Attraction, you may follow these steps.

STEP #1: OBSERVE YOUR THOUGHTS

How can you lure money into your life, if you feel negative about it? What goes around comes around. Before changing your thought patterns, awareness of your thoughts on money is important. Be mindful with how you speak about money and wealthy people.

Image Credits: pixabay.com

Do not be quick to diminish your worth. Instead, appreciate what you have. Law of Attraction entails that you train the universe to send you more money by receiving and appreciating it.

STEP #2: RE-FRAME YOUR THOUGHTS

Have you noticed that whatever you do in two weeks straight usually becomes a habit? The act of repetition is essential to reprogram the minds of animals as well as humans. Reprogram your mind to attract money by wishing for abundance.

Law of Attraction encourages you to send positive signals to the universe by dressing the part, by surrounding yourself with money savvy individuals, and so on. Behave in a way that is directed towards your desires.

STEP #3: MAKE A LIST

Visualization is one of the key tools of the Law of Attraction. It allows you to create a path that you can reach for. You are empowered to create a vision for your financial life. Be clear about the amount of success and abundance that you want to achieve. It is recommended to practice visualization on a daily basis.

Dive into the feelings of abundance by either making a financial list or by making a money vision board. Practicing visualization on a daily basis may open opportunities to manifest these items.

Sources: 1 & 2

How To Deal With Relationship Feuds About Money

The moral values that we learned taught us that relationships are far more important than money. Conflict is bound to happen when people put more weight on material items over interpersonal relationships or when they see money as a measure of the relationship’s worth.

Deal with the monetary feuds to save your various relationships.

1. PARTNER’S PERSPECTIVES

Differences in each others perspectives is inevitable when two people come together. Although you love each other dearly, it is rare to find couples who always see eye to eye. This is why it is important to start understanding each other’s views about money. Explicitly discuss about your beliefs on financial issues and spending habits. For instance, a partner who is a hardcore saver may view money as an important currency that shall not be wasted.

Learn to put yourself in your partner’s situation by recognizing his or her financial strengths. Let us put this in perspective by imagining that two people are buying a flat screen television. Half of this relationship is a spender while the other half is a saver. They can compromise by combining the spender’s ability to commit to a new purchase with the saver’s ability to get a good deal!

2. FIGHTING FOR INHERITANCE

The authors of the informative book entitled “The Family War: Winning the Inheritance” vividly explained what it is like to be tangled in estate disputes. Envision your own family tree with interconnected branches that share a single trunk. After it has been shaken by a strong force (i.e., war over inheritance), one or more of its branches are broken down. The sad part is that they may never grow back.

As you can see, money and death can do strange things to a close-knit family. Lawyers find this scenario as one of the most challenging cases to handle. This is why some of them advocate the drafting of a will and planning for estate distribution while the client is still alive. You must also appoint a trusted person to make medical decisions should you become incapacitated.

3. MARITAL WOES

Financial issues is among the top reasons why Singaporean marriages fight and eventually part. A committed couple who suffers from serious monetary problems will usually face loads of tension and stress, which often translates to heated quarrels.

Prevent a fueled fight by fully disclosing your financial circumstance to your significant other. This is uncomfortable and awkward at first but, you have to try. Tell your partner about your outstanding debts, financial obligations, income sources, and other assets. This will make you empathize with each other more. From time to time, do not forget to check if your financial goals are still in sync.

4. BORROWER VS. LENDER

To deal with the disputes over the money that you loaned, you can show your written agreement and other supporting documents.

You may have dodged the constant knocking of the bank by loaning from a friend or a family member but, you must still treat it as a business matter. Putting the terms of the loan in a handwritten format protects both parties as well as your relationship. After all, borrowing a substantial amount of money is not the same as borrowing a vehicle!

Get everything in writing if you are borrowing a large sum of money or if the lender is strict when it comes to full repayment. The agreement is called a promissory note. Have the promissory note signed by both parties and and a lawyer (if possible). This will ensure that pursuit of legal actions when necessary.

5. GRANDPARENT’S FAVORITE

If your mature child and his or her spouse are having a hard time drawing a healthy financial conclusion, you may offer to help them out especially for the sake of your grandchildren. As a grandparent, it is acceptable to give out money to your family for a specific purpose. You may also highlight that the money must be used for that purpose. However, it does mean that you are entitled to manage all their financial affairs.

Financial advice should be given only if asked. You do not want to be a “know-it-all” parent who constantly dishes unsolicited advice. Your children are no longer toddlers that you have to guide. Although, you can always make a polite offer.

6. FRIENDLY DISPUTES

No matter how much you disagree with your friend’s unhealthy spending habits, you must take a step back from those negative feelings. Do not immediately burst into anger when you see his or her credit card bills. Blaming your friend for his or her outstanding debt will not help too. It is crucial for you to remove anger and frustration out of the equation.

Break the cycle of constant fighting and help your friend out by discussing the matter maturely. Agree to support each other along the way.

Image Credits: pixabay.com

Do not let your financial woes to get the best of your meaningful relationships!

Sources: 1 & 2

You Snooze, You Lose: How Missing Opportunities Can Cost You

If you are not knowledgeable about the existence of English idioms, I bet you are wondering about the meaning behind the title.

What is it with me and my adoration for idiomatic expressions? For starters, most writers dance with the words to choreograph deeper stories. My fondness for the underlying meanings attracted me to this type of phrases. Let us go back to the matter at hand.

“You snooze, you lose” pertains to the rationale that waiting too long for an opportunity can result to not gaining what you want or to the success of someone else. Someone else can beat you at opening the doors of great possibilities if you let things slide. I cannot blame you! It is usually difficult to pinpoint if a certain opportunity can bring future rewards.

Image Credits: www.pixabay.com

If you had a fortune-telling ability or a magic crystal ball then, you could envision whether your decision is a clever move or a huge mistake. That sounds undeniably useful when used with precaution. However, it is far from reality! Just take a moment to reflect upon the missed opportunities at the tech industry. I will start with a story that is close to social media addict’s heart.

Facebook giant Mark Zuckerberg once invited five people to participate in his upcoming business venture. About a decade ago, only two people showed up. These two people namely Dustin Moskovitz and Eduardo Saverin are billionaires today. I can only imagine the impact of Facebook’s success to these three close-minded people.

The next story highlights a relevant brand in today’s culture – the Apple. Steve Jobs offered his boss, the Atari Founder Nolan Bushnell, a chance to invest US$50,000 (about S$67,000) to Apple. He let the opportunity pass by. If he accepted the offer, he would have owned a third of the company. Its market value now is about US$535 billion (about S$724 billion).

Turning down an innovative idea may cost you. But, what is worse than taking a conscious effort to say “NO”? Doing nothing!

Indifference toward an opportunity has its consequences and sometimes these consequences exceed that of a bad decision. For instance, Amy hired a financial consultant to help manage her trendy restaurant. The financial consultant exhausted all his resources to search the most profitable location for a new branch. Despite the priceless efforts that the financial consultant gave, Amy opted to do nothing about it. Among her reasons for indecision was lack of time to discuss about the matter. This can potentially cost affect the entire brand.

Aside from close-mindedness and indecisiveness, there are other ways to dodge a shining opportunity. Do yourself a favor and beware of these instances:

a. by beginning with a negative mindset or a wrong goal in mind,
b. by not being persuasive enough to make a recommendation,
c. by not doing sufficient research on the company you are applying for, and
d. by ignoring your online reputation.

Image Credits: www.pixabay.com

Analyze the situation and make a calculated decision when a blossoming chance comes along. The expense of missed opportunity can be exorbitant to your job performance, work relationships, credibility, and wealth. Do not risk these things due to indecisiveness and close-mindedness.

Sources: 1, 2, 3

4 Places For Best Money Exchange Rates In Singapore

Currency, as we know it, is a result of a period of evolution. Long time ago, there were no coins, there was only barter – simple exchange of goods for goods. Now, money (i.e., in the form of coins, paper, etc.) around the world has its equivalent value.

When you travel, it is quintessential to find a good place to change the currency of your money. Luckily for travelers, Singapore provides a wide array of reliable and licensed money changers that offer best rates for most foreign currencies. If you are unaware of the best money changers out there, here is a swift list for you…

1. PEER TO PEER – MARCO POLEE (Update: 15 Sep 16)

Since our article has gone out, we’ve discovered Marco Polee – a currency exchange platform that networks people to exchange currency between each other. Customers can create a new listing, which consists of where they’d like to exchange, and the amount. The best bit is that the exchange rate is locked to the market exchange rate (midmarket rate)! With absolutely no fees, no commissions, and the ability to exchange at market rates – this service is definitely worth taking a look at. Marco Polee’s goal is to provide travellers with a better option as they believe the people deserve better than to lose money just to exchange currency.

Website: Marco Polee

2. PARKWAY PARADE

Do you live around the Katong area? Parkway Parade Shopping Centre, a building with about 300 shops, is the most convenient place for you to change your money. In here, the suggested money changers are located at the Level 1 as it provides the best rates for THB, USD, JPY, MYR, and HKD.

Suggested Money Changers: Sino Money Changer, Yakadir Enterprises, Everpeace Money Changer, and Parkway Money Changer

Address: Parkway Parade 80 Marine Parade Road, Singapore 449269

3. THE ARCADE AT RAFFLES PLACE

A busy business center in Singapore, Raffles Place has proven to be a good place for changing your currencies. Offering good rates for USD, GBP, EUR, JPY, THB, MYR, and TWD all year round.

Suggested Money Changers: Arcade Plaza Traders Pte Ltd, Sheen International Exchange, People’s Corner Money Changer, and Arcade Money Changers

Address: The Arcade, 11 Collyer Quay, Singapore 049317

4. PEOPLE’S PARK COMPLEX CHINATOWN

An old building located at the heart of Chinatown, People’s Park Complex, is one the most famous places to exchange your money. The money changers here are numerous that you can compare rates by hopping from shop to shop. Nonetheless they offer good rates for CNY, PHP, THB, HKD, and MYR.

Suggested Money Changers: Today’s Money Exchange, Crante Money Changer, AK Money Changer & Department Store, and Emerald Money Changer

Address: People’s Park Complex 1 Park Road, Singapore 059108

5. LUCKY PLAZA

For tourists that are around the Orchard area, money changers at Lucky Plaza is your most convenient choice. With shopping centers around the area, it is a good place to exchange rates for PHP, MYR, and THB.

Suggested Money Changers: Rahiman Trading, Rabi Trading, Fajar Money Changer, and True Blue Money Changer

Address: Lucky Plaza 304 Orchard Road, Singapore 238863

Image Credits: epSos .de via Flickr

Remember to compare the rates in different money changers in the building to get the best rates! Some money changers offer updates via their website so, be aware of that.

(* Now that you’ve get the best of your exchange rate, use our hotels search engine to search for the best price guaranteed hotels: http://hotels.moneydigest.sg)

Efficient Ways To Deal With Your Money Insecurities

We all experience money insecurities at some point in our lives. The question is, how do you handle them?

TAP ON YOUR TRIGGERS

Contemplate on the things that you are lacking. Where do these negative thoughts come from? Do these come from your painful financial situations in the past? Think about it!

Once you locate the source of your insecurity, it will be easier do think of ways to efficiently deal with it. Facing your fear entails the end of avoidance. For instance, Danny is worried that he is making less than his wife. This thought comes from his highly dominating mother. It is up Danny to think about proactive way to handle this situation.

Thoughts lead to feelings, which directs behavior. Recognizing where the insecurity started will make it seem more manageable.

CHANGE YOUR PERSPECTIVE

Some money insecurities originate from the wrongful beliefs and myths that the person strongly holds. See the other side of the situation to re-frame your negative perspectives. If you are unemployed and you feel extremely useless, view the circumstance as a new chapter in your life. In this chapter…you are FREE! You have countless days to figure out what you really want to do in life. Invest on things that will lead you to your financial goals.

Image Credits: pixabay.com

DO NOT COMPARE

They say that money is the root of all evil. However, I believe that envy is too.

It is not difficult to become insecure when you constantly compare your wealth, job, and lifestyle to others who are seemingly perfect. Aspiring someone’s success may serve as a great motivation. However, unrealistically desiring what others have can contribute to your insecurity and depression. It is very unhealthy to measure your own worth to the things that you do not possess.

Rather than mimicking the lifestyle of your “flawless” neighbor, focus on your own capabilities and strengths instead.

KNOW YOUR STRENGTHS

You read it once and you will read it again! You must focus on your capabilities and strengths. Most people put more weight on failures (e.g., investment loses) than on successful experiences (e.g., salary increase). A lot of insecurities can come from narrowing your mindset on the things that you have trouble with.

As much as everybody carries their weak points, they do have some strong points as well! Learn to balance these two elements together and build a successful life. Say your budgeting skills are above average, consider flourishing this area further by seeking the help of professionals.

Image Credits: pixabay.com

PARTING THOUGHTS

In conclusion, we all experience money insecurities at some points in our lives. The key to conquering these insecurities is to determine, invalidate, and move past them. Concentrate on your strengths and accomplishments to realize that your insecurities are merely irrational fears.

Sources: 1, 2, & 3

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