**Let’s be honest — one of the most challenging aspects of money is figuring out how to handle it effectively.**
In the video above, I’m going to reveal the precise strategies that I, along with thousands of my students, have utilized to gain control over money and achieve financial independence. If you’re interested in learning more, keep reading.
## Your Financial Success Depends Heavily On How You Handle Your Money
The single most critical distinction between financial success and financial failure lies in how you handle money.
Mastering financial management is what enables you to attain financial independence — and with that independence comes the opportunity to use your time as you wish, rather than being compelled to work just to make ends meet.
Most people aspire to achieve [financial freedom](https://www.harveker.com/blog/biggest-financial-misconception) — that point where we no longer stress about covering bills or making rent, when all our fundamental needs are met.
However, financial freedom can only be realized when there is sufficient money set aside for whatever we desire, whether it involves paying off debts, enjoying leisure activities, or taking an extended vacation. Ultimately, that’s what we all strive for.
Everyone I’ve ever spoken to wishes to attain financial freedom. I haven’t encountered anyone who doesn’t want that. But achieving financial freedom is unattainable unless you master [efficient money management](https://www.harveker.com/blog/6-step-money-managing-system) through essential strategies that will guide you toward financial freedom and the accumulation of lasting wealth.
**To truly manage our finances effectively, continue reading to uncover some crucial principles to consider…**
## 1. If You Can Govern A Small Amount Of Money, You Can Govern A Large Amount
Regardless of where I find myself in the world, whenever the subject of money comes up, I invariably receive the same question: “Harv, I don’t possess much money, in fact, I don’t have any spare cash, so how do I manage it?”
To respond to that question, I provide a straightforward analogy:
Imagine you have a specific amount of money and you visit the grocery store weekly. Let’s say you spend $200 to purchase your groceries for the week. Upon returning home at noon, you decide it’s time for lunch. Are you going to consume all the food at once? Certainly not — you bought it to last the entire week! Instead, you’ll manage it so that it *sustains* you throughout the week. Right?
The same concept applies to your finances:
**You must manage your money wisely so that it endures.**
Here’s the reality: no matter how much income you receive, you have to handle it properly. And here’s the reason:
### We are creatures of routine.
If you are not accustomed to managing your finances, when you start receiving MORE money, guess what will occur? You’re still going to neglect money management. Consequently, it will all vanish, leaving you puzzled about why you struggle financially — not to mention achieving wealth!
So even if your income is just $1, you need to learn how to manage that dollar. If you can accomplish that, you will reinforce the habit of money management.
At my *Millionaire Mind Intensive* course and in a portion of my book, “[Secrets of the Millionaire Mind](https://www.amazon.com/Secrets-Millionaire-Mind-Mastering-Wealth/dp/0060763280),” I introduce an incredibly effective money management technique— specifically crafted to lead you to financial freedom.
It’s called the [**JARS money management system**](https://www.harveker.com/blog/6-step-money-managing-system/).
Essentially, this system involves dividing your money into **six separate accounts**, allocating percentages of your income to each account. You can utilize bank accounts or physical jars to separate any income you receive into the jars (or accounts) [following these percentages as a reference.](https://www.harveker.com/blog/6-step-money-managing-system/)
### [Here’s a FREE worksheet that will assist you in determining how much of your income to allocate to the 6 jars.](https://harvekeronline.com/6-jars-exercise/?utm_campaign=limitingbeliefs_lm_content&utm_medium=post&utm_source=blog&utm_content=blog-money-management&utm_term=cta)
To summarize:
### As you progress towards financial freedom, mastering the habit of money management is essential.
Money management is the foundational element of financial success, regardless of whether you’re just starting