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Get some Mojo, baby

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Finally, you should have one bank account completely separate from your day-to-day banking.

I'm talking another financial institution altogether.

Why?

Because I want to make it hard-ish to get at this money. This account will become what I call your ‘Mojo’.

The aim of the Mojo account is to get your Mojo back, baby. So you don't have to stress about money like everyone else.

So what is it?

Well, it's not a redraw facility. It's not shares.

It's cold, hard cash in the bank.

And it's hard to access. You see, managing your money is about behaviour.

Most people shuffle money around from one account to another without ever actually saving any of it.

Now, the number one question people ask me about Mojo is this:

‘Barefoot, can't I use my offset account for my Mojo?’

My answer?

It's not how I did it, but sure, you can if you want. The most important thing is that you do it!

The Barefoot Investor

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