In 2013 I posted both my financial bucket list and my standard bucket list. Since some time has passed I thought it would be a good time to revisit the bucket list to see where we stand now. If not familiar with the term bucket list, it’s a term used to describe a list of things you’d like to accomplish before you kick the bucket, you know take the old dirt nap. I have no plans on going anywhere soon but do have plans on checking off as many of these list items as possible.
Financial Bucket List
Here’s my original financial bucket list from 2013:
• Pay off all unsecured Debt in less than 5 years
• Establish Emergency Fund – save at least $60,000
• Establish vacation fund – save $3,000-$4,000 yearly for family vacations
• Build sizable college fund for my 3 children – college ain’t cheap
• Pay off Home Mortgage – will make the next 3 easier
• Save 1 million dollars for retirement
• Retire from current day job at age 55
• Buy Retirement home with Cash – No Mortgage
The first three are now complete and here’s the revised list for 2015:
- Build College funds for our 3 Children
- Build retirement saving
- Pay off Current Mortgage
- Build second and passive income streams
- Buy retirement home with cash
Having almost a year and a half of more education under my belt since I original wrote these lists I have better perspective on how important being debt free and wealth building is.
Here is my standard bucket list from 2013:
• Take my family to their first NFL football game – I have been to many with my dad and brother.
• Attend a Super Bowl.
• Take the family to Niagara Falls – I’ve have been there as a kid with my family
• Teach my son’s how to Scuba dive.
• Write another screenplay – I have complete 5, but have not written in years.
• Director a film – was my goal out of college to work in the film industry.
• Take the family on 7 day or longer cruise – we’ve been on a 4 day and it was one of our greatest vacations.
• Drive cross-country and sight-see – have done the drive before in 5 days.
• Take my wife to Hawaii – we never really had a honeymoon.
As you can see many of the things listed cannot be accomplished without a little financial wiggle room. As I reviewed this list now I’d still love to accomplish any and all of these things, but the details are not as important to me now as long as I’m spending time and making memories with those that are important to me. The location, time, and event really doesn’t matter, so I won’t be providing a new list, but will be adding one new entry for this year as far as those important to me and making memories. In April we will be taking a family trip to celebrate our son and daughter’s sixteenth birthday. A week-long trip to some amusement parks in Orlando, we are all looking forward to the trip. That’s what my bucket list is about now, having financial freedom to make these things happen.
What’s on your bucket list, financial or standard?