The Habit Of Managing Your Money Is More Important Than The Amount!

In T. Harv Eker's Millionaire Mind Intensive, bothfor you to enjoy yourself and reward yourself
trainers Harv and Robert have been emphasizingevery month. The money in this Play account
on the importance of setting a moneymust be blown every month with nothing left.
management system with the jars or differentThe only compromise of blowing it only in a
accounts.quarter is when we have something more
There are 6 jars or accounts that has specificextravagant that we want to reward ourselves
purposes:with, like a Rolex Sea Dweller watch that I will
1. FFA - This is your Financial Freedom Account.buy :)! Now I finally know why I am not having
This is a jar or account that you used to growmy wealth grows as much as I want to because
your assets with positive cash flow whether is itI have only been focusing on growing the money
stocks, bonds, businesses or properties for rentalbut not rewarding myself of what a great job
and etc. The money in this jar or account mustthat I have done. 10% of what you earn will go
never be spent and you have to put in moneyinto this PLAY jar or account.
every day to attract more. Like attracts like. The6. GIVE - This is your Give account. An account
money inside the FFA must never be spent andthat you contribute to the charity or hardworking
when there are returns from the assets, thefolks that you believe should be rewarded with
money should be channeled back into the FFA, towhat they do. We always hear the saying that "It
grow The Golden Goose! 10% of what you earnis better to give than to receive" and both Harv
will go into this FFA jar or account.Eker and Robert rebuke it saying that the person
2. NEC - This is your Necessities Account. Thewho says it is on the receiving end. That is really
money in this jar or account should be used forinteresting. In actual fact, this term originated
your daily necessities like utilities, hair cut, mealsfrom Greek and the saying is actually "It is better
and etc. 50% of what you earn will go into thisto be in a position to give than to be in a needy
NEC jar or account.position to receive!" 10% of what you earn will go
3. LTSS - This is your Long Terms Savings forinto this GIVE jar or account.
Spendings account. The money in this jar orSome of you may face extreme challenges in
account is to be used for your purchase of biggerfollowing this system as the income that you are
and luxurious items like a mortgage for your newgetting right now may only be enough for all your
home, your exotic vacations with your family, theexpenses. It is OK as I am not able to allocate
HDTV that you always wanted to have, themy income right now account to the mentioned
payment for the Ferraris and Porsches that youmoney management system too.
always wanted to buy, your children's collegeBut, look at the title of this article, I have started
education and etc. 10% of what you earn will gowith putting S$100 now with the intention to
into this LTSS jar or account.double the amount whenever I can but never
4. EDU - This is your Education account. Thedropping below the previous month amount and I
money in this jar or account is for your ownam also putting money in my FFA jar every day.
education purposes, not your children. As whatSome of you may think that this is hard work,
Jim Rohn always say, formal education makesallocating your finances but if you cannot even
you a living and self education makes you aaccomplish this, what makes you think that you
fortune. I would not have been what I am todaycan become rich where getting rich is even
and am able to absorb so much of T. Harv Eker'sharder.
had not it been for the self education I amAnyway, life is a matter of choice. The choice is
engaging since 2002. 10% of what you earn willup to you!
go into this EDU jar or account.You have a Millionaire Mind!
5. PLAY - This is your Play account. It is meant