Article by: MaryEllen | Monday, September 10, 2018

By T. Harv Eker

At my Millionaire Mind Intensive course, and in part of my book Secrets of the Millionaire Mind, I teach a very effective money management method- designed specifically to get you to financial freedom.

It’s called the JARS money management system.

Basically, using this system, you split your money up into six different accounts, and you have percentages of your money to put into each account. You can use bank accounts or actual jars.

So what are these jars and what percentage of your income goes into them?

Let’s take a look…

To use this system, simply set up 6 bank accounts or use actual jars, and each time you receive income, divide your money up in the jars using the guidelines below.

  • Necessities (55%) for rent, food, electricity and bills.
  • Long Term Savings (10%) for big purchases, rainy day fund, vacations, or unexpected medical expenses.

  • Play (10%) for spoiling yourself and your family and leisurely expenses.

  • Education (10%) for coaching, mentoring, books and courses.

  • Financial freedom account (10%) for stocks, mutual funds, passive income vehicles, real estate investing and any other investing.

  • Give (10%) for charitable donations.

Remember, to master money, you must manage money. Start with $1!

So why should you start doing the 6-Jars System?

Because the habit is more important than the amount. 

Right now you may be thinking, “I’m not earning a lot of money” or “my expenses are too high.”

Am I saying you have to put $1,000 into your accounts every day? No, I didn’t say that.

How come I’m not suggesting a specific amount but certain percentages? It’s so that every single person, regardless if they’re earning $100,000 a week or $1 dollar a week, can follow this money management system.

Yes, if you are earning $1 dollar a week, you can do this system.

The Fastest Way To Do Well With Money Is To Manage The Money That You Have Well

Here’s the thing…

The way the universe works is if you manage your money, you will get more of it.

If you mismanage your money, you will not get any more.

The fastest way to do well with money is to manage the money that you have well. Just show the universe you know how to manage $1. Then watch what happens in your life.

Miracles do happen.

Decide right now: Are you going to get 6 jars and start managing your money today?

Declare your intentions to the universe that you are going to turn your finances around right now and let us know how it’s going.

Managing your money well is one of the key ways to truly becoming financially free. But there’s much more to learn…

Join me for The 500 Million Dollar Secret which is a 75-minute free webinar where I reveal my biggest secret that lead to my success. It’s a secret that took me from broke to millionaire, and then millionaire to multi multi multi millionaire bringing in over $500 million in revenue. Save your seat here.