One of the most important books I have read over the past year, T. Harv Eker’s Secrets of the Millionaire Mind . I want to watch and share a savings plan which Eker shares in chapter 14 called the Millionaire Mind Money Management Plan. Eker begins his chapter with these words:
Rich people manage their money well, poor people their money mismanage good
It is an excellent chapter, and I go. to share with you an overview of financial management plan that will put on the right path to wealth building. It is important in all this leads to success that you take action. So, no matter what you start with, even if it’s a dollar a month, you must take action and begin to manage your money.
Some people say, “Well, if I forward financially, I’ll manage my money.” That’s a poor attitude! The millionaire mind is starting to manage, because if you can manage a little, then you will begin to manage a lot. I was so into this way of thinking in the past. Then I turned around and started to manage the money, I began to be rich!
Before I share the money management plan, here are some principles wealth from the chapter and Eker teaches his Millionaire Mind Intensives.
- Until you can handle what you have, you will no longer
- The habit of managing your money is more important than quantity.
- Whether you control money, or it will control.
So, how exactly do you manage your money? Here is a great plan of the book. Remember, it is important to start, not the amount. Start with $ 1 as it should be; Just start! after taxes.
- Financial Freedom Account (10%) – only for investments and buying or creating passive income streams. Money is never spent, but invested. Also, have a financial freedom jar where you every day ($ 1, $ 10, small money) deposit. Do something every day.
- Play account (10%) – Use this money to feed yourself. Use it for extra-special things in your life. The only guideline is that you should spend the money every month. Use it every month in a way that makes you feel rich!
- Education Account (10%). – Set aside money for your education (school, seminars, etc.) Or teaching your child
- long-term savings for spending account (10%)
- Giving (10%)
- Necessities Account (50%)
Start the plan and let the universe know that you are ready for more money.