Tuesday, April 16, 2013

7 Jar Strategy

Wanna know the secrets of the rich people? The secrets of financially free people? The people who can live happily with just enough amount of money? Follow these strategy! ;)

Let's start from number 7. ;)

7. Emancipation Fund - freedom
*financially free
How? Put something in the emancipation fund which will be your retirement money

20% of your money = put it here

6. Emergency Fund - emergency (literally)
Banks (3-6 months of salary)

5. Everyday Fund - regular expenses 
(70% of all your money)
* Should not increase or grow gradually 
* Do not increase lifestyle when your income increases ^_^

4. Empower Fund - short term savings, specific dreams 
(5-10%)

3. Enjoyment Fund 
it's not bad to unwind sometimes ;)

2. Education Fund - books, seminars
(5%)
* Grow wealth, grow yourself 
* Next to tithing, invest
* Double your learning, double your earning

1. Eternity Fund - tithes (10%)
Prioritize God.
* Tithing is the longest term investment. Goes directly to heaven. ;)

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