BILLIONAIRE teaches 6 WAYS TO GET RICH QUICK - T. Harv Eker

many individuals aspire to achieve economic Prosperity but often don't realize that they themselves are largely responsible for their success or failure in financial matters the vast majority exhibit habits that block their economic progress or manage their hard-earned money poorly if you wish to learn how to manage your finances effectively this video is for you as today we will discuss the most efficient way to handle money are you ready then comment I will be wealthy when I see your comment I'll give it a heart because I know you will reach your goal soon and don't forget

to subscribe to our Channel and turn on notifications to stay updated with our posts let's get started what is the six account system remember either you control your money or it controls you T harveer is a Canadian writer entrepreneur and speaker author of The renowned and highly recommended book in the finance and financial education World secrets of The Millionaire Mind where he Reveals His insights on personal development motivation and financial education he discusses the importance of Transforming Our mindset habits and relationship with money after moving to the United States and experiencing several unsuccessful business attempts

and many mistakes hav gained the necessary experience to succeed with his gym chain incredibly achieving economic wealth in less than 3 years however as he himself recounts after attaining the wealth and life he always dreamed of he realized he wasn't as happy as he thought as he lost his fortune in just three years due to a lack of knowledge about money management and a mindset not suited for wealth it was then that he decided to discover how truly wealthy people organize their finances to not lose and grow them achieving and maintaining Financial wealth as a

result of this experience and his research he wrote his book in which he teaches us the powerful method of the six accounts according to Har eer this is the best way to manage your money explaining simply how to organize your finances and avoid the problems he faced that led him to lose his Fortune This Money Management method involves dividing all your income into six main accounts assigning each a percentage he categorized these accounts as follows basic needs 50% fund 10% long-term savings and expenses 10% education 10% Investments 10% and donations 10% the advantages of this

method besides being simple and Powerful are that it can be adapted even with low incomes because they depend on a percentage of your earnings moreover it considers in these six accounts key aspects for your financial development such as Financial education and Investments now let's detail how each of these six accounts Works have you ever imagined uncovering the secrets of the world's greatest Minds effortlessly it may seem incredible but it's now a reality with our kit of 100 summarized books that includes audio books and PDFs of the most valuable Parts learning has become more accessible than

ever don't miss this opportunity get your kit by clicking the first link in the description account one basic needs you must develop habits and skills to manage a small amount of money before you can handle a large amount we all have this account without even knowing it as it's the account we use to pay for all basic expenses like buying food transportation services debts and day-to-day expenses 50% of your in income should be allocated to these expenses however as we always mention personal finance is just that personal therefore everyone must adjust this percentage to their

current particular situation certainly many will say their earnings are not even enough to cover their basic expenses and can't take on this financial commitment but the truth is that most people really can't because they don't know how to manage their money their finances and much less manage their expenses well due to a lack of financial education that's why before adopting this money management method review your expenses and eliminate the unnecessary ones a budget can be a great help for this if the problem is a lack of income Focus your time and energy on generating new

sources of income that's the advantage of this method you can adapt it to any income level currently most people handle their money in such a way that they're spending 100% of this account account if that's your case commit from now on to using only 90% of these expenses and distribute the remaining 10% equally among the five remaining accounts that is 2% for each although the amount seems very small the important thing here is that you start using the method and cultivate the habit of better managing your money as your economic situation improves increase the amounts

for the other accounts this tool will help improve your financial habits because if you can't manage a little money you'll be even less able to manage a large amount it's impossible because your same habits will make you lose it which is not smart at all considering that after earning it with so much effort you'll end up losing everything quickly by not having developed your financial intelligence beforehand account two entertainment and pleasure have you noticed what happens to those who choose diets and improve their eating practice itic es or when they decide to abandon a sedentary

lifestyle and start regularly going to the gym they start full of energy motivation and desire follow their schedules and menus but soon abandon everything although it's true that this happens due to a lack of discipline and lack of defined goals it also occurs because at the beginning your brain will fight against you to achieve your new purposes out of habit you will prefer to maintain old stand standards and routines let's be honest it's not pleasant for your brain to stop eating what you enjoy and replace it with diet and beneficial Foods similarly for your brain

choosing between spending a weekend watching a movie comfortably and going to a gym it will certainly choose the first option this happens because your mind is programmed to save energy automate your actions avoid discomfort and seek Satisfaction by changing your routines and habits you are demanding more from your brain so it will try to return to your old habits and common routine the same can happen when you start organizing your finances after all who doesn't like to spend their money and acquire what they want therefore if you are overly restrictive with your money and save

absolutely everything this habit won't be sustainable if you don't set aside part of the money you earn to continue spending on what you like it will be more complicated ated to organize your finances learn to enjoy the process of improving your relationship with your finances but without making it arduous make it easy and learn to continue enjoying your money and the fruit of your labor in an organized way this is the essence of this account allocate 10% of your earnings for leisure or fun by that electronic device you always wanted attend your favorite band's concert

or watch a movie in the cinema this way you can make the process of changing your financial habits improving your financial situation and managing your money sustainable over time remember not everything should be a sacrifice learn to enjoy the journey and your current life account three long-term savings for expenses T Hara recommends allocating 10% of your earnings for long-term savings such as accumulating a down payment to buy a house a vehicle or even for an emergency fund as we always suggest for the case of this emergency fund make sure to keep three to six months

of your earnings this way you will be financially prepared for any situation that may arise and won't affect your financial stability this savings should not be used unless it's for the indicated purposes or for the established goal and since it will be kept long-term make sure to have it in an account that generates interest at least to compensate for the loss in value of your money due to inflation this is one of the pillars to build a healthy Financial Heritage as you will be saving your money for large future expenses to acquire the house of

your dreams the car you've always wanted or take a well-deserved vacation always remember to keep the recommended amount for emergency situations the lack of this emergency Reserve is precisely what harms people's finances because in the absence of this fund they resort to credit cards or personal loans to take on these Financial commitments bearing the interest payments that take money out of their pocket no one knows what will happen in the future but we know emergencies will always happen so be financially smart not to harm your finances due to a lack of foresight account for Education

and Training wealthy people are constantly learning and evolving while the fortunate think they already know everything Tav eka the level of your financial education will determine your ability to generate money and wealth ignorance is costly and I guarantee it will make you lose money how many cases do we know of people who often out of greed or the illusion of incredible gains take risks in Investments or businesses they don't know and end up losing all the money in this channel we always promote OTE and indicate the importance of creating the habit of continuous education because

it will increase your ability to know more tools and options to improve the results you can achieve with your money people's wealth is not only in the pocket but in the level of intelligence they were able to develop that's why Tav eka suggests that out of all your earnings 10% should be allocated to your education so that you can improve your skills and grow personally and financially this is one of the most important accounts if you take advantage of it properly it can radically change your financial situation your personal education and increase your financial intelligence

which will allow you to benefit better from opportunities and acquire new skills to continue growing in managing your money use this money to educate yourself in courses buy books attend seminars and every everything that helps you improve your skills and grow continuously your training and education are the best investments you can make and the only ones that once acquired you will never lose for example if you have a job you can use this account to pay for training and thus increase your skills at work achieving a better position or a better job if you have

a business you can use the money from this account to improve your business management skills educ educating yourself on finance accounting taxes business legislation or learning from a mentor and business advisor never stop learning because your mindset and brain are your best tools for earning money and Building Wealth account five financial investments the wealthy make Capital work hard for them while the less fortunate work hard for their income T Harve eer undoubtedly the financial investments account along with the educational account is the one that will allow you to build the prosperous existence you desire this

is the account that will provide economic autonomy so every cent you deposit here will bring you closer to your goals and objectives if you establish a strong financial education and start investing your money with perseverance and discipline you will undoubtedly improve your financial condition making your money work and generate passive profits through through your Investments is what will grant economic freedom for example you can invest in stocks properties investment funds or start your own business that is you should acquire assets that generate income independent of your time to be produced the goal of this account

is to grow your wealth and build your financial future from now as we always recommend never invest in what you don't know without prior instruction or training on the investment instrument you will use identify your risk profile and start investing gradually as you learn more about the business or investment you can increase the money allocated to it many people invest their money simply Guided by Future expectations of a profitable investment expectations created by the media or markets without even understanding what they are getting involved in believing they have found the opportunity of their lives and

in the end they lose all the invested money if you find an investment that promises extraordinary returns or to enrich you overnight it's most likely a fraud and highly risky and generally people end up losing their money Building Wealth and Heritage does not happen overnight it requires perseverance discipline and constant Financial education in addition to wisely investing your money without taking unnecessary risks Tav eeka recommend allocating at least 10% of your earnings for financial investments which in the long run will allow you to build the financial future you desire account six donations and philanthropy t

hara's account method besides including accounts for your current expenses savings financial investments and wealth growth includes an account for helping those who need it most supporting beneficial and social causes or close people in an unfavorable economic situation developing your capacity for empathy and putting yourself in the shoes of people with greater difficulties will improve your personal growth and teach you to be grateful for the little or much you receive this account is for donating and giving back for everything we receive strengthening our mindset of abundance and prosperity many people when it comes to this subject

say they can barely cover their own expenses and how could they think of helping others or they comment that if they had a lot of money they would help well if now you are not grateful for what you receive when you have more money you won't be either because these ideas are just excuses I assure you there is no person in such adverse financial situation who cannot help someone in an even worse situation it's no coincidence that people who build wealth and accumulate large amounts of money choose to donate a significant portion of their fortunes

to beneficial and social causes they have understood that there is a greater purpose Beyond money or wealth itself the search for the meaning of life and a purpose that transcends their existence motivates them to find ways to help with their money and make the world around them a better place so that others can also benefit from the wealth they have built this small percentage of 10% is to give back in the form of gratitude for everything you receive which will also help enrich you personally these are the six accounts proposed by Tav eka covering the

most important areas of your financial life basic needs savings financial investments desires and giving back this tool will allow you to manage your money in a balanced way to save and invest building a better financial future without ceasing to do or buy the things you want want making the path to Building Wealth and your Financial Freedom more enjoyable enjoying the process without depriving yourself of the important things that give meaning to your life start applying this tool from today and improve your relationship with money to build the financial life you've always wanted if you've made

it this far it means you're not just anyone so comment now I'm not just anyone do this and believe in these words words have power thank you for your time and see you next time