Notice how often things in life don’t turn out the way they’re supposed to? Like buying Wachovia stock. Who would think that bastion of convservative banking would get involved in dubious real-estate deals in Nevada? (Of course, they were not the only ones.) And who would think that something so childlike as a “magic money” list would actually serve a useful and lucrative purpose? Who would have thunk?
The Magic Money list was never my idea. I am far too rational to come up with such a silly thing myself. I read about it in Chellie Campbell’s book, The Wealthy Spirit. Along with teaching people how to create budgets for their personal expenses, Campbell also teaches making Magic Money lists.
A Magic Money list is for those things you really want or need, but don’t fit into your normal budget. You write down what this thing or experience is, and your estimated cost for buying it.
It’s that simple.
There are ways to keep from simply putting things on the credit card. The process of writing out this list gives you instant clarity and improved creativity:
1) You actually articulate the things you’d like to own or do. The simple act of getting clear on these things brings them closer to fruition than simply wishing life were vaguely different or somehow better.
2) You begin to see different ways of enjoying these things, as opposed to the obvious way of just buying them.
Here are a some examples from my own life:
In August of 2007, I moved back to the U.S. (to N.C.) from Caracas. I began to think that I should visit my grandmother, who lives in Texas. However, with a part-time job and paying for graduate school, there never seemed to be any money for this. By 2009 I put this on my goal list; around August, 2010 I put this on my magic money list with a budget of $400.
In October, 2010, on one fine day, I received a check out of the blue from a former employer for $395. In November, I flew to Houston to visit my grandmother. We had a blast.
That was the third time I had attracted extra income for a trip.
When I write down items of clothing on my list, one of two things usually happens: Either that item goes on sale with a ridiculous price cut, or someone gives it to me. I’m happy either way.
When you start looking for things to come to you, in other words, to manifest them, you open up the realm of possibilities in your life.
In the last 3 years, I have attracted so many things like free (meaning free to me): groceries at Harris Teeter, gasoline or cheaper gasoline, magazine subscriptions, wine, furniture, cameras. That’s not counting free toothpaste and tooth brushes from my dad.
Write out your own magic money list. Review it often and keep an eye out for unusual “coincidences.” I think you’ll be pleasantly surprised.