Work Hard Play Hard | A Master Class For Your Life

167: Fri-Date | The Bucket System

Informações:

Sinopsis

Today’s Topic: Mapping out financial goals   As we record, Kim’s eating grapes from the grapevine at the back of our Airbnb in Montenegro. After our 4-month Europe trip we’re moving to California, which is way more expensive than Georgia, where we used to live, so in this episode, Kim and I talk about our financial goals and how we plan to achieve them. We just started using a system we learnt from one of our mentors.    The system is super simple. You have three financial buckets. Bucket 1 is about safety and security, bucket 2 is about comfort and pleasure and bucket 3 is called the baller bucket and it’s about your wild and audacious financial goals.    The idea is that you fill the buckets in order. First you do the safety and security bucket. And that means you're ridding yourself of any debt, you're saving for any emergencies. Then, once that bucket is full, then you move into your comfort and pleasure bucket. And that's when you get to pay off your house and you can buy the car that you want and do tho