How to Make Money by Spending Money

?You have to spend money to make money? is a popular business adage but the wisdom of this advice can be applied to your personal finances as well.

Spending money in business is all about assessing risks, taking chances which will grow your brand, and looking for opportunities. These are all attitudes you should take toward your personal finances in order to make your money work even harder, and to have the skills and knowledge to make the best investments.

Successfully making money by spending it will mean following these four tips to ensure you choose the right spending options which will make you money.

1) Conquer your fears

In order to spend money with the aim of making more, you need to actually spend it in the first place. However, most of us work so hard for our money that when it comes time to part with it again, we can hold a bit of a tight rein.

It?s easy to doubt yourself and question whether an investment really is the right thing to do with your funds ? what if you lose the money, what if it?s all a scam, what if it doesn?t work?

You can sit for days on end thinking of reasons not to spend money to make money, but once you?ve made the decision to expand your wealth in this more aggressive way, you need to keep taking steps towards your goal. To help manage your feelings of fear about your investment, set yourself a budget and be as generous as you can. With that portion of money dedicated to your investment, it is already spent in your budget, so make sure you go ahead and spend it.

It is possible you will lose some of your investment, or break even for your troubles, however, if you are willing to keep researching and keep investing, your risks can take you where you want to go. There is no ultimate secret to making money through investments ? it comes down to the fact that if you want to make big returns, you have to put in big investments and along the way you will gain the knowledge you need to take the risk out of the equation.

2) Invest in appearance

Significant amounts of a business? income will be spent on their branding. This includes their website and business cards, as well as their advertising, promotions and PR. While we?d all like to think it?s what?s on the inside that counts, there is no escaping the fact that we are all judged by our first impression, and businesses know this.

That is why they work hard, and spend hard, to create the right image from the beginning. Even if a business is one guy working from his basement, it is important that he starts on the first day of his business with the image he wants to portray. It is easy to start out with cheaper business cards you?ve designed yourself or a Hotmail email address, however it is not as easy to change the public perception of yourself and your business once it?s out there.

You will be branded from the beginning based on how you appear to the world, so if you are going to spend money to make money, invest in your own branding. No matter what your goal in life, make sure you are ready to achieve it, and that you exude that confidence.

To be successful in any industry, whether you are a gardener or a lawyer, people need to feel comfortable in order for them to put their trust in you. Therefore, rather than turning up to quote for landscaping in a truck with equipment falling out of every window, invest in storage systems, invest in keeping your equipment clean, tidy and new and your customers will invest in you.

3) Invest in efficiency

Businesses also realize the importance of efficiency in their products, services and business operations because the turn around on a product or service can be the difference between you getting the job, or the contract going to your competitors.

It is also just as important that when you promise efficiency you can deliver and so successful businesses will start from a position of strength when it comes to their operations as well, investing in the equipment and technology which will allow them to deliver the best solutions from the start.

There are a number of lessons you can learn about efficiency in investments and the first is to do things right the first time. Don?t start out spending your money on investments without the professional advice of a financial planner or investment broker relative to your investment medium.

It is not an efficient investment practice to start out on your own, so plan to enlist the help of an expert when you can afford it, because without expert knowledge and advice you may never get to the point of being able to afford it!

Spending your money with the help of experts in the field will not only make your investments more profitable, but more efficient to fit into your lifestyle. You may not be able to afford to quit your job and become a career investor, but as the money you spend returns to you, you may have that option in the future. Until then, you need to get on with your job and your life, and with the help of a financial planner or broker, you will have the tools and technology to keep up with your portfolio, make decisions and stay informed with the minimum investment of your time.

4) You get what you pay for

You can spot the difference in quality a mile away between a Burberry trench and a department store knockoff and in order to spend money to make money, you have to spend it on the best. Work with the best people with the best experience in their field to advise you. Do your research into the best companies, stocks or properties in which to invest.

Most importantly expect the best at every turn because as soon as part of your team fails, it can bring the rest down with it. Don?t be afraid to maintain the best, because you are after all, paying top dollar and expect top dollar performance and results in return.

Alban is a personal finance writer at Home Loan Finder, a home loan comparison website.

Do you think there are things we should spend money on that have the potential to make us even more money? It doesn?t have to be investment, but anything that might improve job or business prospects, enhance income or reduce spending?the field is wide open, so have at it!