| Many of us with ADD find managing money difficult. All | | | | that comes in, because you set it up based on |
| those numbers can be boring, which is totally | | | | percentages. But they can be flexible, too. Let's say |
| incompatible with ADD. People with ADD don't do well | | | | you decide that 90% of your money needs to go to |
| with boring situations. So, here's an idea that's very | | | | necessities. If you get $100 in, you put $90 in your |
| simple, and also very effective. | | | | necessities jar, and you split up the $10 between all of |
| A common philosophy that's emerging right now has | | | | your other areas. |
| been popularized by T. Harv Eker and is very | | | | But there can be problem with this. When you start |
| ADD-friendly. It's an important wealth principle that's | | | | building a habit of paying yourself first, you will get too |
| been around for years and years, and it's a very | | | | much money in your savings account, and because |
| simple way to organize your money. | | | | we're ADD, we want to go spend it. It burns a hole in |
| The concept is that you break your money up into | | | | our pockets. |
| multiple accounts; for most people, that will mean | | | | You can solve the problem by doing something called |
| seven separate bank accounts. | | | | automatic investing. Set up an automatic system so |
| Then, when you get your monthly or weekly or | | | | that you can automatically deposit a set amount of |
| whatever paycheck (and if you have your own | | | | money every single month, like clockwork. You can do |
| business, you should be paying yourself a salary, too), | | | | this with as little as $25. |
| you set up seven bank accounts: one is for your | | | | You may think you need thousands to be able to |
| expenses, and you put 50% of the money you earn | | | | invest, but it's just not true. If you want to do something |
| into that. Then, you put 10% of the balance into | | | | like this, you can very simply go to E-Trade.com, which |
| accounts, labeled this way: Education, Gifts, Taxes, | | | | has a wonderful program for people getting started |
| Long-Term Savings, Financial Freedom, and Play. | | | | with investing. What's neat about E-Trade is that you |
| That's one people with ADD will love because that's | | | | can call them up. You can talk to a broker, and tell |
| where ADD impulse purchases can come from. And | | | | them what you want to do. They'll link your investment |
| you have to spend it every month. Use it to buy or do | | | | account to the bank account of your choice and get it |
| whatever you want. | | | | started automatically. You don't have to become a |
| This system is very simple, which makes it very | | | | stock market guru, and you don't have to look at |
| ADD-friendly. You don't have to think about it. You | | | | numbers. ADD people love that. |
| know exactly how much money you're going to earn. | | | | All you have to be able to do is look at the bottom line |
| You go to the bank and you hand them the check | | | | and say, "Did my money grow by X percent?" |
| with seven deposit slips. Boom! You're done. | | | | That's a phenomenal way to get started with growing |
| You can learn more about this method of money | | | | your money. You have to commit a minimum of $25 a |
| management in T. Harv Eker's book, Secrets of the | | | | month. ADD tendency says, "No, I'll commit $100," |
| Millionaire Mind, an excellent resource for many | | | | because your ADD brain can see the potential to |
| reasons aside from this system. His stuff is truly | | | | make more money, and then you get in a mess. Start |
| amazing! | | | | with a realistic commitment, and be sure it's something |
| But this is great for people with ADD because you've | | | | you can handle. Don't let your ADD control that |
| separated your money out and you always know | | | | decision. |
| how much money you have to spend on a given type | | | | This simple system of distributing your money and |
| of purchase. If you don't have enough money in your | | | | investing it will put you on the right track. If you don't |
| fun or play account to go out to dinner again that | | | | have a money management system in place, your |
| month or to make that ADD impulsive purchase, you | | | | ADD may take over and just squander what you |
| don't go out to dinner and you don't spend money on | | | | earn. That's the last thing you want. You're going for |
| something you don't need. | | | | financial freedom, no doubt, like many other people, |
| If you know for sure that you're going to have a | | | | with ADD and without ADD. You need to have a solid |
| percentage of your money going to all these different | | | | program that's easy to follow, and it will literally change |
| areas, it becomes very easy to manage the money | | | | your life. |