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Money tricks to make you financially successful

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Research shows that whatever you convince your mind of, it will believe.  To become more successful financially, it's best to "trick" your mind to do it.

FOX 26 contributor, Rich Russo, has three ideas to train your mind to help you to be better at managing your finances.

  • Always Round UP
    • When budgeting round up the price on items and services you purchase.  For example, if you spend $20 on an item, round up by 20%. Increase it to $24.
    • Complete the exercises for every entry. At the end of 6 months, total how much is left in your checking account and re-direct the difference to a savings or investment account.
  • Brainwash Yourself
    • Come up with positive financial rule-of-thumb you can recall and recite daily.  It works.
    • Share this rule with others so they can keep you accountable (and it will be too painful to break)
    • Examples could be: "I only buy used cars." I will pay off my credit card bill in full every month."
  • Relive Money Success
    • Remember a time you made a great financial move? Bring it back. Live the feeling. It will create endorphins (your brain's natural morphine) and associate happiness with good financial habits.\

 

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