The personal finance category that no one talks about [Personal Finance Lesson 14]
Too many personal finance blogs focus on trying to answer how much money you need for retirement and how to save for it now. But if you have done the exercise in the last video, you know that a life where we focus on saving for retirement is a shitty life.
You now have a list of things you want to experience, grow through and contribute to. You also now have a bucket meant to buy back time now instead of waiting for when you're old to experience freedom.
So now it's time to build out your final bucket and to really start experiencing having money fuel your aspirations.
Homework:
- Relook at your current allocation - is there a way to reduce your daily expenses and fun account so that you can accelerate everything you want to experience from this world?
What are your thoughts on the 5 buckets? Do you feel empowered or are you finding this to be too much responsibility?
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Money is just an illusion for people to keep chasing it.