Financing Your Bucket List


bucket-list-financingHow to Achieve Success in Financing Your Bucket List and Saving for Retirement

It is now possible to achieve a high level of success in both saving for retirement and bucket list planning, according to financial experts. It is a known fact that most of us could create a massive list of experiences and adventures that we would like to take part in before we “kick the bucket”, so to speak. The idea of creating a list of these experiences and adventures gained an immense amount of popularity with the release of the popular movie, “The Bucket List” in the year of 2007. In this comedy-drama, two men were able to successfully take part in the experiences and adventures that most “normal” people only ever dream of experiencing. This is because the character played by the ever-popular Jack Nicholson was financially rich enough to not only live through the experiences that he desired, but, was able to fund the wishes of the character that Morgan Freeman had, too. While these two movie characters engaged in numerous extravagant adventures and experiences, it has now been determined that such adventures do not have to cost a fortune. In fact, the average person has the ability to engage in both saving for retirement and funding the activities as part of their bucket list planning.

The True Meaning of Financial Life Planning

Money is an element that is not only essential, but, a highly obvious component, when it comes to financial planning. This is especially true when it comes to saving for retirement and bucket list planning. However, it is important to understand that money should not be the only component that you place your focus on; if you engage in this type of shallow focus, you will quickly discover that you stand the risk of living a life that is also shallow. Financial life planning involves integrating experiences and adventures into any financial-based plans that you have in life. It involves learning how to live the highest-quality and most enjoyable life possible, with the resources that you have available to you. This is the true meaning of financial life planning.

Saving for Retirement and Bucket List Planning

One of the biggest mistakes that individuals make when it comes to saving for retirement and bucket list planning is treating these two milestones as an “end point”, instead of a “starting point”. Retirement is not the “end”; it is simply a transition in life, from one point to another. First, you must get this concept into your mind. You are not nearing the end of life; instead, you are simply transitioning into your golden years. In order to make this transition smooth and enjoyable, you should ensure that you have the proper amount of money saved so that you can live comfortably and enjoy all of those experiences and adventures on your bucket list. To succeed in these endeavors, simply take the following steps:

  • The first step to saving for retirement and bucket list planning is to ensure that you have a vision that is realistic and achievable. In order to experience a truly successful retirement, you must ensure that you are retiring TO some other type of experience in life, not FROM something, like a job that you despise. You must have a vision of what you want to do and where you want to go when you enter into your golden years. You should understand that, when you retire, you may still engage in activities that you enjoy and pursue your passion. Yes, many of your activities will come with a monetary cost; however, many will not. In some instances, you may even find that your retirement activities MAKE you money. For example, perhaps, you will spend your golden years writing that book that you always wanted and will self-publish to discover that it is a success! Vision. It is imperative when it comes to saving for retirement and bucket list planning.
  • The next step to saving for retirement and bucket list planning is to properly balance your time account. That is, the 168 hours a week that we are each granted. Many individuals make the mistake of going from excessively working to excessively vacationing when it comes to retirement. You should strive for balance between your vocation time and your vacation time. It does not matter how much money is present in your bank account, if you fail to completely capitalize on the time that you have, you will not experience the happiness that you desire from the adventures and experiences on your bucket list for retirement. The 168 hours that you have available each week should be broken down into time with family and friends, time dedicated to your work, your health and fitness level, your personal growth, sleeping, and your down time – which includes watching television, engaging on social media websites, and bucket list adventures and experiences.
  • The next step to successfully saving for retirement and bucket list planning is to see your paycheck as a “playcheck”. While working to save money for transitions, adventures, and experiences in your life, it is imperative that you enjoy what it is that you are doing. If you are not enjoying your work, it may be time to change careers. Engage in pursuits that are meaningful and enjoyable. Pursue your passion. Transform a hobby into a business that will allow you to generate profits, or, use your knowledge to become a consultant in a field you are well-versed. Not only will you add more meaning to your life, you will add more money to your retirement account and your bucket list account. Work will no longer seem like work. Instead, it will become fun and enjoyable!

Conclusion

Saving for retirement and bucket list planning are two very exciting activities. By following the steps outlined in this financial life planning guide, you are sure to find that you have the money and the time to achieve a high level of success in both endeavors. Retirement is a transitional period, not an end of life milestone – as so many have seen it through the years. Retirement is not just an economic-based event. It is a personal event that is meant to be enjoyed. While financial preparation is part of preparing for this transition, it is not the only aspect of preparation. By creating a life balance, capitalizing your time, recognizing your passion, and understanding what you enjoy – as a person – you will discover how much money will be needed when saving for retirement and bucket list planning.

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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