![]() This method involves setting portions of your money aside every budget cycle regardless of if you are in debt or not, as the goal is to manage money rather than “put off” good habits that allow you to turn money into a tool to better your life rather than Living to pay off bills. That element is the Giving to others, that will allow us to use our money to do good bigger than ourselves each month, and also Personal Education and Growth. I am not apposed to other money management methods such as the Dave Ramsey Baby Steps for debt and wealth growth – however I feel these type of methods are missing a vital element. In recent months though, I have seen actively the change that can come into our own life when we divide our budget more specifically and I want to share this with you today. Our future is made up of Pension contributions, Investments (Passive incomes such as Stocks and Shares), Business ideas of our own (generating money outside of our day jobs) and then Education and Growth (learning new skills and mindsets). If you have followed my blog for some time, I follow a 80/20 principle for life – that means that our budget is split as close as it can be for 80% of our monthly family budget used to live life right now and then 20% is in our future. So WHAT EXACTLY is the “6 Money Stacks Method”? This is your money and your responsibility.Įverything I mention on this blog I do with my own money for our family, but that does not guarantee you will receive the same results. With any savings/investment there is a RISK you will gain and also lose money, so be fully aware of this and decide if it is something you wish to place your money into before doing so. ![]() Research every investment or savings/money management method you make so you are confident in your choices. You need to take personal responsibility for who/where/how you save or use your hard earned money every month, so don’t take my word for it. Harv Eker in his books “Secrets of the Millionaire Mind” and principles by such great motivational and wealth coaches as Jim Rohn and Tony Robbins, however I have taken it and adapted it slightly for what I feel works for my own family and for businesses.ĭISCLAIMER – with any form of savings, this is your money and my advice is not exactly what you should do. This method is called the “Money Stack Method” and is based on a method first mentioned by T. ![]() My hope today is that this method and principles will give you that freedom and growth that you have been looking for. There is a great story that Jim Rohn (the legendary Motivational coach and speaker) used to teach that his mentor would say all you had to do was look at someone’s bank account to know what they valued in life, and in today’s fast paced world that is even more true.Ĭhances are if you have found my blog or Youtube channel, you know you want to be in control of your finances smarter – you want to use it to drive security and freedom in your life to create life on your terms without the stress and heartache that usually comes along with bad financial decisions. This seems like a no-brainer statement and it is – but yet every month people get easily trapped into the same cycle of “Spending without any thought” into what they are using their money and time on. The single biggest difference between financial success and failure is how you manage your money.
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