Nick PerryFounder and CEO of 7 Figure Cartel

The Simple Money System Wealthy Families Teach Their Kids

9 Mar 2026 · 1 min

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In this short instructional monologue, Nick Perry outlines a three‑jar money system that wealthy families allegedly use to raise financially savvy children. Starting at age five, kids are given a simple household job and paid $10 per week. The weekly earnings are split into three jars: a $2 charity jar (to be donated monthly) that teaches purpose and generosity; a $4 "baller" jar for discretionary spending that fosters autonomy and choice; and a $4 investing jar that the parent matches with $1, turning $4 into $5 to demonstrate the power of investing and compounding. By age ten, children will have practiced earning, giving, enjoying, and multiplying money, according to Perry.

Chapters

This is how the wealthiest families raise their kids and why you should do the same. When they're 5 years old, give them a job. Something like cleaning their room, taking out the trash, or folding the laundry. Then pay them $10 a week. But don't stop there, because this next thing is what separates the rich from the poor. Take that $10 and divide it across 3 jars. Jar 1 is the charity jar. $2 go in here every single week, and at the end of the month, your child has to give it to someone in need. This teaches them that wealth actually has a purpose. Then comes Jar 2, the baller jar. $4 go in here weekly, and at the end of the month, they can buy whatever they want using it. This teaches freedom, choice, and autonomy. And finally, there's Jar 3, the investing jar. $4 go in here, but here's the magic: you match it with $1 of your own, so their $4 become $5. Now, by the time they're 10, they won't just know how to earn; they'll know how to give, enjoy, and multiply money.