World's Easiest & Most Effective Money Management System

Millionaire Mind Intensive: The Jars! 

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hey what's going on everybody TJ here


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and I wanted to explain something to you


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guys called the jar system so Tori and I


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had spent this past weekend up in North


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Jersey at an event called millionaire


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mindset intensive and it was an awesome


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three-day event I believe that I should


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have started by T Harv Eker which if


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you're not familiar with who that is


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he's a personal growth speaker author


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entrepreneur helps a lot with business


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and business strategy so he has the


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system called the jar system and they


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call it the world's easiest and most


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effective money management system so I


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mean um you're just learning trying to


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figure it all out myself and I thought


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that this was something really awesome


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so I wanted to share this with you so


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that you can utilize this as well so in


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my workbook here if you can see says


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it's the world's easiest and most


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effective money management system so


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what you want to do is whenever you


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receive your check right whether that's


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cut by your job or if you're


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self-employed you call yourself your own


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check and you want to always pay


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yourself first and put ten percent into


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an F FA your F FA is your financial


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freedom account right this is your


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golden goose as they were calling it at


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the event this is what you want to be


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your investment or some sort of passive


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income stream so it's laying golden eggs


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and you want to keep adding to that so


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eventually you're able to live passively


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off of that income so 10% of your check


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goes into your financial freedom account


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or your financial freedom account jar


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right it could be either a physical jar


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or it could be an online jar okay and


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that's like if you have like whatever


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your bank account is you can make sub


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accounts and turn them into your jars


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and I'll show you a screenshot in a


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little bit showing mine because I just


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set mine up online so first is your FFA


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right and 10% goes into that your


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financial freedom account a major point


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is that you never you never take out at


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this account right you never not for an


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emergency


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for anything all right you never take


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out because then that is killing the


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goose all right


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you always want to keep in whatever you


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put in eventually you're gonna be taking


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out your trickle right of whatever that


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the passive income is right because


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you'll be collecting interest on that


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you can take that out but never ever


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take out anything that you put into your


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financial freedom account so that's your


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first star your second jar is your


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long-term saving spendings okay and this


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could be like a car your house a


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vacation a bow a yacht or even like a


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television you know anything anything


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that's your long-term saving spending


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right I was listening to the program and


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it said that a really good one for


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people who have credit card debt is to


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use your long-term savings to get out of


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credit card debt right so 10% goes into


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this jar your long-term savings


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spendings jar okay and what you want to


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do is you want to be specific this is


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like Law of Attraction work you want to


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visualize you want to write down exactly


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what you want you know if you want a car


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you want to be you want the 2018


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Mitsubishi Lancer Evolution taking a


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video game okay hold on Tory has a


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walk-in so I'm gonna cut back to this


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injustice sack all right so we were


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talking about the long-term saving


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spendings accounts so yeah you're gonna


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have more than one as well it doesn't


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have to be just one jar with 10% going


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into it like if you have like you have a


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television and you also have a car on


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your long-term savings you can do 5% to


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one and then 5% to another or if you


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have like more than that right you have


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like five long-term savings accounts you


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can have 2% 1 2% 2% 2% 2% right so as


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long as you're doing 10% so your


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long-term savings you can split them


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into as many jars as you would like so


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10% goes into that the third jar is


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education


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and they made it a point that it is your


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education not your children's not


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anybody else's this is for you this is


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your education 10% goes into your


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education jar and you can use that on


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courses books audios going to seminars


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things like that whatever you want it to


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be and of course it can be about money


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but it doesn't have to be like if you


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want to learn karate then put it towards


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that it's whatever education you would


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like to improve with write whatever you


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want to learn so that is your education


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jar and it's not for anybody else but


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you right so the next jar is your


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necessities okay and this is like your


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gas your car or your your rent your food


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clothes things like that fifty five


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percent goes into your necessities jar


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all right so fifty-five percent of that


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check goes towards your necessities the


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fifth jar is your play jar and that's


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just for you to go and have fun with ten


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percent goes into this jar and you want


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to be spending it at least once a month


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right so you want to reward yourself you


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know you're managing your money properly


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and you're making money at that you know


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you're providing value you're helping


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people out so you got to reward yourself


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so this is that jar for that this is


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your play jar you spend it on you right


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10% goes into this play jar you spend it


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once a month if you don't want to and


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you want to save it just for something a


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little bit bigger right maybe you got


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something really cool mine's then three


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months at most is what they recommended


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right you don't want to hold it for


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longer than three months so try to spend


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it once a month three months at most all


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right and the final jar is your give jar


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right and the remaining five percent


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goes into this give jar and that's what


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you're doing for your buying people


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gifts or you're donating it to charity


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or anything like that you know so you


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want to be helping people out right it's


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good to be generous and if you're being


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blessed enough to earn some sort of


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income


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then you should be sharing a little bit


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of it at least you know you want to be


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generous so 5% goes into your give jar


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right so that is the what millionaire


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mind intensive calls the world's easiest


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and most effective money management


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system little recap is 10% isn't your


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financial freedom account 10% into your


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long-term savings 10% into your


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education


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55% into your necessities 10% into your


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pledge arm and 5% in to give jar all


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right and here I'll shoot you a little


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screenshot I just made this account


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I left my bank I was with Bank of


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America and I decided that their monthly


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maintenance fee wasn't worth paying for


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so I switched to a different bank and


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here's a screenshot of my new jars so


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this account is just opened I don't even


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have the debit card yet so there's only


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five dollars in it right now


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but as soon as I get my debit card I'm


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gonna start switching my jars over to


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online it is your choice if you want to


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do it online or if you want to do it in


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person yeah so I hope you found that


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information helpful and I hope that that


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serves you well here's a little secret


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bonus that we got from the event I don't


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know if I'm supposed to be giving this


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information out because I was attended


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this event and I'm sure not everybody


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who watches this video is seeing it but


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I want to help you guys out so here's


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this little secret bonus if you go to


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success resources america.com


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slash jars there's a one-hour long audio


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clip on there and it'll answer a lot of


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questions very in-depth so if you have


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any other questions and you want to


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learn a little bit more about the jars


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go visit that link and listen to that


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audio and you should be able to help you


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out so yeah if you like this video make


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sure you put a like on it comment down


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below and tell us what you thought and


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if you want more information similar to


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this make sure you subscribe to the


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channel and always remember the world is


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all yours


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