Why should you create a bucket list?
It may be sad to think about, but one day we will each “kick the bucket.” You have a finite amount of time in your life — so you should be intentional about how you use it!
When I refer to your bucket list I’m not talking about immediate necessities like “pay the water bill.” Think bigger than that. Think about the things that are important to you to do in life, but may not feel urgent. These need to be intentionally prioritized, or else you may never actually do them.
Like we discussed in the values post, clearly identifying your goals is critical because it will allow you to pursue them aggressively, while saying no to everything else. In a recent study done at Dominican University in California, participants were 42% more likely to accomplish their goals when writing them down (compared to unwritten goals).
Our bucket list
Here’s our list (created with input from the SR Wife). I’ll update this post as we complete items and set new goals!
- Create a will.
- I’m a little embarrassed to say we have not, but it’s been on our list for a while now. Has anyone tried tomorrow.me? We are planning to give it a try this weekend.
- Pay off the mortgage and semi-retire by the age of 50.
- We will likely only be in our current home for about 5 more years, so this won’t be our current mortgage that we’ll be paying off. But we love owning a home, and paying it off early in the future will make semi-retirement feasible earlier!
- Adopt a child.
- Fully fund our children’s college tuition.
- Visit all 50 states together.
- So far, we have visited nine, plus DC!
- Visit these cities/countries together. There are other places we’d like to go too, but these rank the highest, so they earn the shoutout.
- Czech Republic (Prague) — scheduled for 2020
- Greece — scheduled for 2020
- France (Paris, south coast)
- England (London)
- Canada (Banff)
Each pay period, money seems to flow out as quickly as it comes in, unless you are saving deliberately. Your financial bucket list is fuel for your budget, because it gives you a clear vision of the future dreams you are saving for.
Do you have a written financial bucket list? If not, I encourage you to create one today!