Gaining Prosperity Consciousness: Genius Creation Money Magnetment System
GENIUS CREATION PRINCIPLE #5
PAY YOURSELF FIRST!
6 BASIC ACCOUNTS
1. JAR 1: I Always Have Money Account - You will put 1% of your income and you will not withdraw the money you put here for the rest of your life! In addition, put some amount of money (like loose change) in this account daily.
Empowering Belief: "I always have money that I will never need."
2. JAR 2: Financial Liberation Account - Set aside 3% of your income and invest it in an instrument that will give you passive income. You will never take out the principal from this account.
Types of PASSIVE INCOME:
A. Investment Income (Money working for YOU!)
eg. Time Deposit Account, Treasury Bills, Mutual Fund, Stock Market, Foreign Exchange
B. Ongoing Passive Business Income (Business working for YOU!)
eg. Royalty Income, Real Estate, Franchising, Low Labor Businesses (Parking Lot, Vending Machines), Network Marketing
Empowering Belief: "My money works hard for me and makes me more and more money!"
3. JAR 3: Abundant Spending Account - Set aside 3% of your income. Decide on the level or amount of money that when reached by this account, you will spend all the money in this account in only ONE day. If the set amount is not reached in one quarter, spend all the money.
Empowering Belief: "Whenever I spend money, more money comes to me!"
4. JAR 4: Yearly Income Account - Compute what amount of money (bare minimum) you need to last yourself for a year. Put 3% of your income in this account with the intention of reaching that total yearly income you targeted.
eg. My bare minimum is Php 200 to last for a day. To last for a year, compute Php200 x 365 days (one year) = Php 73,000 per annum. So I intend to reach this targeted amount.
He who has MORE will get MORE. He who has LESS will get LESS.
Empowering Belief: "I always make decisions that are for the highest good of all concerned including myself."
5. JAR 5: Tithing Account - Always set aside 10% of your income and donate it to the organization or person from where you derive spiritual guidance from.
6. JAR 6: Giving Account - Set aside 3% of your income for giving to others.
Empowering Belief: "When I give/share my blessings to others, it comes back MULTIPLIED."
DREAM ACCOUNTS
(You decide what percentage of your income you will set aside for your dreams.)
7. JAR 7: Dream Car - Set aside ___ portion of your income for the purchase of your dream car.
8. JAR 8: Dream House - Set aside ___ portion of your income for the purchase of your dream house.
OTHER ACCOUNTS THAT YOU CAN CREATE:
9. JAR 9: Wisdom Account – Set aside ___ portion of your income that you will use for improving yourself.
10. JAR 10: Safety Account – Set aside ___portion of your income in this account allotted for emergencies or unexpected expenses.
11. JAR 11: Peace of Mind Account – Set aside ___portion of your income to wipe out your DEBTS.
12. JAR 12: I’m Always In Love Account – Set aside ___portion of your income for LOVE pursuits. If you are already in a relationship, use this money to grow your relationships.