The fastest way to build wealth is by managing your money well. 

Wealth is about building freedom. If you want to build wealth and achieve financial freedom, you have to get to the stage where your money is going to work for you and generates more money for you. 

In this episode, we delve into the JARS Money Management System, in order to budget and make your money work for you and eventually achieve financial freedom. This effective money management system can be done no matter how much or little you are earning. 

Getting into the habit of allocating your money in different accounts and automating your money makes it easier to save and build your wealth. 

What strategies do you have for managing your money and building your wealth?

IN THIS EPISODE, YOU’LL FIND OUT…

• Selling your time is a trap (4:18)
• Wealth is about building freedom (4:25)
• 50-30-20 Rule (6:56)
• The importance of making money work for you (10:43)
• The poor work for their money. The rich have their money work for them (11:35)
• Paying yourself a set salary as an entrepreneur (11:53)
• Superannuation (12:48)
• The Barefoot Investor system (14:17)
• The Golden Goose (15:49)
• Jars System: Necessities, Financial Freedom, Long-Term Savings for Spending, Giving, Play, Education (18:58)
• Increase your income or lower your expenses (19:43)
• Long-term savings account (20:57)
• Giving account (22:54)
• Play account (23:38)
• Education Fund (24:50)
• Financial Freedom Fund (27:08)
• Making a place where your money can grow and work for you (33:01)
• Never kill the Golden Goose (33:28)
• Joint accounts for partners (35:03)
• Utility account (36:40)
• Automating your money (37:48)

• For full show notes visit: rising.show