The single biggest difference between financial success and financial failure is how well you manage your money. Managing your money allows you to eventually create financial freedom so that you never have to work again if you choose not to.
T Harv Eker, an author, businessman and motivational speaker, introduced “the world’s simplest, easiest and most effective money management system”, his “Six Jars” system. It’s a very effective money management method— designed specifically to get you to financial
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…
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.”
So do you have to put R1,000 into your accounts every day? No.
So why is it not a specific amount, but rather a certain percentages? It’s so that every single person, regardless if they’re earning R100,000 a week or R1 a week, can follow this money management system. Yes, if you are earning R1 a week, you can do this system.
The habit of managing your money is much, much more important than the amount.
“The Fastest Way To Do Well With Money Is To Manage The Money That You Have Well.” – T Hav Eker
Decide right now: Are you going to get 6 jars (bank accounts) and start managing your money today?
Managing your money well is one of the key ways to truly becoming financially free. But there’s much more to learn…