Ways to Save Your Money to Get What You Want

 

There’s plenty of ways to save your dough, pound, francs, peso etc., but the system and method I like to use is by Myron Golden’s The Ebony Treasure Map. What he explains in his book is a system I implement myself. A simple method that’s powerful.

Get all you Can, Can all you get. You might ask why all the cans? The cans signify that you Can save for what you want. The objective is to get 6 cans.

1)      The first can goes to God, so 10% goes to tithing or to your favorite charity, however your heart is led to give. In Luke 6:38 Sais; Give, and it will be given to you. A good measure, pressed down, shaken together and running over, “will be poured into your lap. For with the measure you use, it will be measured to you.”  

 

Where also exchanging currency constantly, so in order to keep the current flowing through you, it’s important to give. So put 10% aside to give to tithing or some sort of charity.

 

2)      Put 10% in your I can finish free can. This cans sole purpose is to generate passive income streams. Passive income opportunities should be a system that produces money on the side, preferably that requires little effort after the system is set up, to free up your time. Examples of passive income streams are Parking Lots, Laundromats, Car Wash, or Network Marketing.

In Network Marketing you have an above average opportunity of becoming rich. There’s little overhead expense, no need for a brick and mortar storefront, and you get to leverage your time and efforts with duplicating your system through people. 

The Network Marketing business I’m involved in is called The Ultimate Cycler.

My first post on my blog explains the facts about this company.

3)      Your third can is to set 10% aside for your education. They say the best investment is in you. Benjamin Franklin’s quote, “If a man empties his purse into his head, no one can take it from him.” So you can’t go wrong devoting your dollars to your education.

 

4)      The fourth can is invested in what you want. The money in that can is meant to be saved for that car you want. That vacation you’ve been longing to go on, or that nice new love seat that you want to buy. Whatever that big ticket item may be, this can should cover those expenses.

 

 

5)      The fifth can is the I can have fun can. This one is my favorite. I can have fun can has one stipulation; you must spend it all on whatever brings fun into your life. It can be whatever tickles you’re fancy. The purpose of this can is to end that feeling of working for nothing,”disserve issues,” and so you don’t tap into your other earnings.

 

6)      The sixth and final can is I can pay my bills can. In this can 50% of your income goes into this can. Your monthly expenses, such as; rent, cell phone, electric/ gas bill etc., should be covered from out this can.

 

If it seems hard to live off of half your income reduce your bills. For example; if you have a car payment, get a car with no car payment, downgrade your living quarters, if you have cable/ satellite with all the channels get the basic package. You get my drift? Just be sure to live within your means. Follow this simple method, and you will be amazed at what you can accomplish.

Thanks to Myron Golden for his can money management system.

Get Myron Golden’s book The Ebony Treasure Map! It’s a great read!