6 Jars

These are my 6 jars [in burger and donut shape..ehe].

Yang satu tu muka sangat garang, adalah takut kalau tk simpan duit dalam tabung tu.

Rich people mange their money well. Poor people mismanage their money well. ~ Thomas Stanley, author of The Millionaire Next Door

When I was introduced to the 6 jars system somewhere around last year by Naya, I was genuinely interested to the idea. Nevertheless, I neglected it since I was too busy juggling my life and little did I know that the most important tips that being told over and over again by many successful people in the world is…

“act now”
“do not delay in action”
“jangan bertangguh”

Maybe that was one of the reason why I’m not a millionaire [yet]. Hohoho.

6 Jars money management method is based from book by T.Harv Eker “Secrets of the Millionaire Mind”, Read about the book here:

Here are some excerpts from the book…
Wealthy people are not any smarter than poor people; they just have different and more supportive money HABITS.

It may not be the most glamorous of topics, but it comes down to this: the single biggest difference between financial success and financial failure is how well you manage your money. It’s simple: to master money, you must manage money.

As for those who use the “I don’t have enough money to manage” rationale, they’re looking through the wrong end of the telescope. Rather than say “when I have plenty of money, I’ll begin to manage it”, the reality is “when I begin to manage it, I’ll have plenty of money.”

Saying “I’ll start managing my money as soon as I get caught up” is like an overweight person saying “I’ll start exercising and dieting as soon as I lose twenty pounds.” It’s putting the cart before the horse, which leads to going nowhere…or even backward! First you start properly handling the money you have, then you’ll have more money to handle.

So, how this 6 jars thingy works? Ok easy peasy, am not an expert neway, I just simply google and here goes my findings: Once you’ve set the methodology a natural habit or your monthly routine, your monetary problems and worries will gradually disappear.

The six jars are to be labeled as:

  • Financial freedom account (FFA): This jar if for your financial freedom. Each month put 10% of your income in this jar. Money you put in this jar can be used to invest, start a business, create a passive income streams, residual income streams [perfect example for residual income = USANA] etc.
  • Put 55% of your income in this jar for your necessities. It’s for things like paying bills, food, necessary clothing etc.
  • Long term saving for spending (LTSS): Put 10% in this jar. You may have more than one LTSS jar. It’s for things like a plasma TV, your family vacation, contingency fund, your children’s education etc. If you have more than one LTSS, divide the 10% between the jars according to your priority.
  • Education (EDU): 10% that goes in this jar if for your own education . It could be used to attend seminars, buy books etc. Basically, it’s for your continual education and learning.
  • Allocate 10% of your income for you to have fun guilt-free. Use it to go to a fancy restaurant you’ve been eyeing, or a massage at a spa. Just do something fun. Let your inner child play.
  • Giving (GIV): Allocate 5% of your income to give to charity. If you want to allocate 10% for giving, take 5% off your NEC jar.

The percentage attributed to each jars above, represents the percentage amount of money which you must put into the jars every single month. All you need to do every month is to allocate a certain amount of money for the money management jars. And tried to do it without fail every month. Hihi [that the hardest part I think]

But, be positive! I will try this 6 jars method and will update the outcome later. I’m very very very poor at managing my money till Imran had to use his dictator power [hahah] to force me to save my money in Ichiro’s account instead of mine. So, I think I am the perfect person who should try this method. Hihi.

Wish me luck ok! Bismillahirahmannirahimmmmmm…

Source: various source from

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