One of the most important books I have read in the past year is by T. Harv Eker. Secrets of the millionaire mind. I want to review and share a savings plan that Eker shares in Chapter 14 called the Millionaire Mind Money Management Plan. Eker begins his chapter with these words:

The rich manage their money well, the poor manage their money well.

It’s an excellent chapter, and I’m going to share with you a summary of the financial management plan that will put you on the right path to creating wealth. It is important in all things that result in success that you take action. So no matter what you start with, even if it’s a dollar a month, you have to take action and start managing your money.

Some people say, “Well, when I get ahead financially, I’ll manage my money.” That is a poor mentality! The millionaire mind starts managing now, because if you can manage a little, then you start managing a lot. I was SO into this mindset in the past. When I turned it around and started managing money, I started getting rich!

Before I share the money management plan, here are some wealth principles from the chapter and that Eker teaches in his Millionaire Mind Intensives.

• Until you can handle what you have, you won’t get more!
• The habit of managing your money is more important than the quantity.
• Either you control the money, or it will control you.

So how exactly do you manage your money? Here’s a great book plan. Remember, it’s important to start, not the amount. Start with $1 if you must; just start! Get in the habit!

Prepare 6 jars (“The jars” can be literals, bank accounts, or categories in a spreadsheet).

Place the following amounts in each of the jars each month after taxes.

1. Financial Freedom Account (10%) – Used only for investing and purchasing or creating passive income streams. Money is never spent, only invested. Also, have a Financial Freedom Jar where you deposit money each day ($1, $10, loose change). Do something every day.
2. Game Account (10%) – Use this money to nourish yourself. Use it for extra special things in your life. The only guideline is that you have to spend the money every month. Use it every month in a way that makes you feel rich!
3. Education Account (10%) – Set aside money for your education (school, seminars, etc.) or your child’s education.
4. Long-Term Savings Account for Expenses (10%)
5. give (10%)
6. Needs Account (50%)

Start the plan and let the universe know that you are ready to receive more money.