9 Magic Money Tricks You Must Use Right Now

money tricks

Do you know that most successful people that you know of got their fortune by applying certain money tricks?

Well, if you don’t know of it, then you don’t have to be surprised because that is exactly what I am going to show you. Is true they say hard work will make you successful in life. But what most people don’t know is that, is not only hard work that can make one successful. Being a hard worker isn’t a bad idea at all, but sometimes you have to apply some money tricks to build more wealth.

Financial principles and tricks are a very beneficial aspect in life that everyone should know of. You don’t have to work all the time to be able to make more money. Warren Buffet once said “If you don’t use your brain to make more money whiles you sleep. You will work for the rest of your life until you die”

Do you now understand the question I ask you from the beginning of this article base on the above quote? Most successful people are aware of using money tricks to make more money. But they will not tell you directly, so it is up to you to figure it out and apply your brain to it. They know very well that working 9-5 will not make you rich.

So they implement certain money principles that make them more money even if they sleep. Not all peoples know of this but luckily. You are about to explore some of these money tricks so you can double your money with it.

So let get into it…

1. Divide Your Bank Account into 3 Categories to Make More Money

Bank account money

What the rich know that the poor don’t is that no one is perfect. Another way through which the rich tend to be more self-aware is that.  There are not so well-off counterparts. That is why they apply tactics that will reduce their tendency to self-sabotage.

One of the ways they do this is through the use of automatic deductions. You see for the rich, generating income is often not a problem. What holds people back from turning this significant income into a significant wealth is their ability to save. When posed with the opportunity to spend, it can be hard for even the most responsible individuals to shy away from shelling out cash. That is why they like to make this saving process automatic.

 If you are unfamiliar with automatic deductions they work in the following way. Whenever you get paid, a portion of your pay is withheld from going into your main bank account. Typically they set up a savings account in which the money is routed into many.

 Wealthy individuals take this practice a step further by restricting access to their savings account. They do this to ensure that the money that is allocated to this reserve cannot be spent no matter what. That is how they ensure that their pool of savings increases over time.

The trick here is simple. Don’t put all your money into one bank account for a long period of time. It will reduce its value due to inflation. But rather, talk to your bank so that they divide your account into 3 different categories. One for investment, other for savings, and the last for emergency funds.

What you need to do next is to talk to your bank so that they will allote all of your deposit into certain percentages to these categories. This way, you will always have money in all the 3 categories. And also your money won’t reduce its value because your investment will be growing whiles you live on the saving fund.

So don’t let your bankers chop all your money. Take advantage of this money trick and apply it before it too late. This principle is what most financial educators are into but luckily for you. You didn’t have to roll in school to know of it.

Okay we are getting to the best tips among these money tricks.

The next hack I want to show you is something you really need to know of…

2. Making Smaller Choices Is the Magic Way of Building More Wealth

small choice money tricks

The rich know those small choices when compounded over time can result in a large financial impact. The simple act of saving money no matter the amount can empower and motivate you in ways you might not expect. For example, saving just $5 a day with a 10% compound interest would allow you to save $1, 8850.00 after just one year. If you do this over 40 years you will end up with $9,48,611000.00 which is a significant amount of cash to have in hand.

Besides being able to accrue a large financial net by stringing together these small but positive choices; this daily commitment to saving gives a richer sense of control which many people lack in their financial lives. You see, there are many aspects of life that are out of your control for example, you don’t have much control over the economy or the job market. Because of that, it can be easy to get discouraged when things aren’t going your way.

 To avoid feeling defeated give yourself the opportunity to make a choice about something you do have control over. Choosing to save is one small way you can have in your financial life. Just ask Charles Duhigg author of the “power of habit”, in his latest book “smarter faster better”. Duhigg motivation is triggered by making choices that demonstrate to ourselves that, we are in control.

The specific choice we make matters less than the assertion of control. It’s not really about the five bucks you save or the extra $20 you decide to throw out. Your debt is the main reason that you’re making the decision in the first place, which makes this trick a very powerful money trick.

So don’t wait and say; I will start saving money when I get more money. No, start with the little that you have and in no time it will be huge money. Always  remember that “Small Drops Of Water Makes A Mighty Ocean”

OK we are about to explore the best money tricks ever.

But before we get to that there is one important thing I want to show you which is…

3.  Visualize your future To Become Rich and Successful

Visualize Your Future

What do great athletes, famous actors and successful entrepreneurs all have in common other than being rich?

The one thing that ties them together is their use of visualization. Anyone who has become successful will tell you that, you need to envision yourself of achieving your goals before you can accomplish them in real life. Unfortunately some people cannot see past your day-to-day State.

For instance spending $5 on a Starbucks Coffee doesn’t seem like a big deal. Everyday millions of people give away their change to fuel their caffeine addiction. However for those who aim to become rich, $5 can have a more significant meaning.

 A rich individual faced with the decision to spend $5 on a premium coffee would probably consider the future cost of making this purchase.

 You see, $5 today will grow to $100 by the time you retire. If you purchase in this way you might change your mind with the rich dude that the poor don’t. They continuously ask themselves what the future cost of the spending decisions are, and whether or not they align to the realization of their future.

If you think this visualization technique is something new, think again Napoleon Hills classic “Think and Grow Rich” first published in1939. It lays out a step-by-step approach to pairing visualization with action and millions of people have successfully employed this technique. Hill suggested in the book that the first step is to fix your mind on the exact amount of money you desire and be clear about when you expect to receive this amount.

Jim Carrey famously tried this technique in 1990 when he wrote himself a monthly cheque for $10,000.000! Acting services rendered and post-dated it in 1995. He gave himself five years to become one of the most successful working actors in Hollywood and was able to cash that cheque he had written to himself a half-decade earlier besides.

 Just visualize the amount you want to make. He also advised that you determine exactly what you intend to give in return for the money you desire after making these declarations.  

Hill suggested that you close your eyes and envision living this rich lifestyle every single day until it comes to fruition. This technique is said to program our unconscious mind to find solutions to our financial problems and allow us to better see resources people and events that will help us reach our goal.

I have never talked about what is coming next in this platform.

It is something that you must pay much attention to….

         4.  Spend Only With Physical Cash

spend with money or cash

The next trick that wealthy individuals use to become rich is to only spend cash. I’m sure you’ve been out before and I’ve seen someone pay for an expensive item or a fancy dinner with a wad of cash. While your first impression may have been that, this individual was just trying to show off. There may have actually been a calculated reason for this behavior.

You see whether you are buying groceries or a new phone. Spending cash makes us notice the monetary effects of our actions. This is because as we are paying, we are physically handing over money and we see the depletion in our wallet whereas when you use a credit or debit card the potential to spend almost seems endless. 

Part of this pain we feel when we spend cash. It is due to what researchers call coupling, when someone buys an item with cash they immediately know how much that item cost which can be painful. However, when someone pays with a credit card there is a time period between when they purchase the item and when they have to pay for it. This makes the cost seem less important.

When spending cash versus credit, the results highlighted that shoppers spend up to 100% more when using their credit card to pay instead of cash. Therefore if you want to curb your spending and employ this money trick, then cut up your credit cards and carrying around with more cash.

The next magic money trick is…

           5.  Sleep on Big Purchases (top money trick)

sleep on big purchases

While sleep can reduce stress improve your memory and elevate your mood. Where most people don’t realize is that it can also help you make wise financial decisions. In fact, sleeping can be an important tool in your toolkit.

When it comes to saving money, a recent study of 2000 consumers found the impulse purchases that haven’t been thought through properly amount to $5400 a year for the average American and by getting proper sleep, your decision-making capabilities significantly increased meaning that you will be much more likely to avoid frivolous spending.

 Financial experts suggest that whenever you are contemplating a big purchase you should take anywhere from 24 to 48 hours to decide. Therefore taking a night or two to sleep on large expenditures allows your unconscious mind to process the information related to the purchase and analyze it while you’re dreaming. Will make you have much more confidence in your decisions.

Currently we have 5 money tricks, let explore more

         6.   Calculate the Cost in Hours

calculate cost in hours

The sixth money trick that the rich used to grow their wealth is to convert the cost of their purchases into work hours. For example, if you make $20 an hour at your job then buying that new $100 T-shirt is really 5 hours of your time.

 Unlike the poor, the rich habitually ask themselves if that item they are obtaining is worth the time it took to earn the money to pay for it. In this example it really worth 5 hours of work time when you begin to see your purchases in this light.

 It will dramatically change how you perceive the value of not only your money but your time as well. The interesting part is that this way of thinking not only benefits you when considering a purchase but it can be used to assess how you spend your free time.

 In general, working at your job or your business is productive hours. But what about free time, have you ever evaluated how much money you are forgoing by mindlessly scrolling through Instagram or Facebook? Newsfeeds as of 2018 reported that the average social media user spent 1 or 2 hours a day on social media sites.

Let’s say you make $80,000 a year at your job roughly $40 an hour is scrolling through Facebook. For 2 hours a night really worth $80 to you.

 In short, whether you’re buying an item or determining how to spend your time. Keep in mind that there is a cost to everything. And that one thing that separates the rich from the poor is how they value this precious time.

We are getting to the best part of this hack.

But before we get into it there is a special money trick I really want to show you…

         7.   Use the Stranger Test

You walk into a store and see a shirt that you think would look great on you. You now know that you should assess how much time you are exchanging for that $50 shirt. You still feel inclined to buy it, well before pulling out your wallet and completing the transaction. You should be running yourself through the stranger test. If you’ve never heard of the stranger test before let me explain…

 Imagine a stranger is standing in front of you. On the one hand, they have a t-shirt; on the other hand, they have $50. Which one will you choose? In most cases, the cash is probably more appealing when taking this approach on a regular basis. You will start to see yourself continuously picking the money over the item which solidifies your position in not splurging and instead, keeping that money in hand.

Among all these money tricks, the next one bellow is the most difficult to do especially if you are a shy person. But you don’t need to be shy when it comes to making more money so let get to it…

8. Ask For Payment Increase

payment increase

2015 statistics show that 60% of employees got their payment increased by simply asking for it. One question that came to my mind when I read this news was; so if they didn’t ask would they have gotten a payment increase?

Absolutely no, some managers are very rude to the extends that; they know very well that this employee is very hardworking and he or she surely needs a payment increase. But yet they will keep and watch you work day after day waiting for you to boldly ask for it yourself. Whiles other managers do this to determine the boldness of such employees others do it due to rudeness.

So if you know yourself to be hardworking whey not makes a move and asks for increment? Be bold and do this, you won’t be fired for asking. The only thing you need to know is how to speak politely. Because you can’t just walk into your boss’s office and says “hey boss I have been working hard for the past 20 years.  Are you blind to see this or you are just rude as the other managers?”

No don’t talk in such a way; you will be fired in a minute. Instead, do it in a polite way for him or her to agree. When you get increment that extra money can also do something for your life, so go ahead and apply this simple money trick.

OK let move on to final part among these money tricks…

9. Take Risk with Your Spare Money

take risk with spare moneytake risk

Many people will tell you that, “Hey, if you don’t want to lose your money, don’t ever involve yourself in risk-taking ok” I will tell you strongly that you should involve in risk-taking. But please read this to an end if you want to do what I just said because there are some ideas you need to know.

Risk-taking is really enjoying when the odds are at your favor. But when they are not it becomes overwhelming. So I really recommend you do pay attention to what I am about to say well before you make any move. It simple, if you want to involve yourself in risk-taking please do so with your spare money. Don’t take a risk with your savings hoping to achieve something great.

Do so with any money left from your budget. This way if you lose you won’t have to cry. But who knows the odds will not always go against you. You will surely achieve something in it someday. Many people have become poor due to risk-taking but those who did it wisely never got affected neither. Others too have achieved great fortune in it. We all know of Zack Bezos the man who made his fortune through lottery ticket in 2005.

So take risk but do it wisely. If you don’t know any sources then consider:

  1. Sport betting
  2. Lottery ticket
  3. Playing casino
  4. Online crypto currency trading

So am sure buy now you know why most people will tell you not to take risks? They simply don’t do it wisely which cost them to lose all their money. So they are afraid you might also end up just like them. You see because they failed they are telling you it won’t be possible to make a fortune with it. But this is not always the case, they just don’t know the principles regard to risk-taking.

Don’t mind them, use your head and keep taking risk who knows what may come out from it. Remember to always do it with your spare money.

Most successful people are aware of this money trick, and what do they do? They use their head to make a fortune out of it. If you are unsure of this then let me tell you today that the greatest risk that most successful people are into is “INVESTMENT”. Pick a phone and call Warren Buffet and ask him you want to get into investment. The first question he will ask you is “Have you studied the principles of investment?”

 He will ask you this question because he has lost a huge amount of money through it. He later learned his lessons and applied the right principles, and there he is today classified among the top richest men in the world.

So don’t let them fool you with their mindset. Go ahead and take risk who knows you will be the next Warren Buffet.

FINAL THOUGHT ON THE 9 Money Tricks You Must Use Right Now

 By now I know you have learned a lot. But remember what I always say here “Get the action habit” I always tell you to have the action habit because. In other to succeed in life you must make a move. You can’t dream of becoming a millionaire in the next 2 years and take no action on it. NO, such a dream will never come true so take action.

If you want to make any money, apply the above mentioned money tricks. or check a reference on google


About justice

A software engineer, graphic designer, web developer, copy writer, as well as a blogger
View all posts by justice →

2 thoughts on “9 Magic Money Tricks You Must Use Right Now

Leave a Reply

Your email address will not be published. Required fields are marked *