Save It Like Sir Sugar

Financial Sense

• Don't be blissfully ignorant of your bank account. Frittering your cash and not checking because you're 'scared'. Stop it. Stop stop stop. Write everything down, in your phone, on a notepad, or as the super organised of us do on an Excel Spreadsheet (wink wink you know who you are!)
• Give yourself weekly budgets if its £30 a week. Take that cash out divide that by 7, then seperate that cash into seperate pouches and ONLY spend that. So this means making lunch the night before, waking up ten mins earlier if you need a coffee before your powers turned on, and using the pouch money for absolute necessities.
• Pay your debts before anything else when you get paid so you can physically see what's left instead of just mentally subtracting your outgoings from your salary.
• Live like a pauper for a little while - come on... you've lived like a prince by buying whatever, whenever so now see the other side and see in six months where it gets you.
• Buying for other people and frittering your cash away that way is still the same as buying for yourself. If it's not an absolute necessity - stave away for a while and amount a sum where you can start investing.£1000 is a fantastic start and can reward you with good interest in the right account.

Enjoy your day Beauties

LA xoxo

Think BIG ... Be Happy Gain Wealth

We all want to know something - a secret a tip, a fast track way that's going to Apollo 11 our way to our desires, our success or our wealth. Well today's not your lucky day, but it will give you some very useful advise, a huge dose of optimism (who gets anywhere without it?) and allow time for a reality check.... Nothing's going to change unless you do. So today I'm sharing with you rules I've learnt from books, people and quite frankly doing the exact opposite!

• Think BIG , very BIG. Think about what you want. What exactly do you want to achieve? If you're working in say a low paid catering role but want to be a writer, you need to set yourself some goals. Weekly, monthly and maybe an annual realistic, honest goal that you put down on paper and commit yourself to nothing less then sticking to it. (Imagine if there was NO chance of you failing - what would you dare to do?) Take the step. Do it. Have your goals looking at you everyday when wake up.Most people want to be wealthy - but can't be bothered. Nothing's going to change unless you do.

• Firstly decipher between financial 'needs' and 'wants' all the time. With everything.

• Know where you are before you start (financially) you're laying out your tools before you begin your job. So write out all your incomings and outgoings, every small detail. Even adding up those every day coffees, those weekly salads and even those impulse buys which you think are invisible and won't really come out your bank balance! Remember a fool and his money are easily parted, because the fool doesn't have a plan and fritters his money away instead of saving or investing. (No help for the new business idea or career move) In your plan you know exactly what does & does not fit into it.

• Your plan will include all aspects of taking financial control. So debts will be covered as a primary concern. It could involve a new business idea, a career change, no spending excesses, investing money, saving capital, or selling things. It is well known that buying and selling things (doing deals) generates a lot of money. (Think sample sales - how about that as a start, buy and then sell designer products online) Whatever this plan includes... Stick to it.
• Google COMPOUND INTEREST. Learn as much as you can about it...
• Do as the wealthy do, notice the sections of the paper they read ... They certainly aren't choosing the gossip and fashion section over the finance and business!

Just remember, never sit back and wait for money, success or your dreams to fall from the sky... You have hands to allow you to grab a hold.

LA xoxo