Wednesday, March 26, 2014

The Bucket System - Part 1

Img: seemallorca

I'm not sure if you have seen one of those giant buckets at a water park - the ones that fill up slowly while kids wait anxiously below it. It tilts over when it's full.

That's exactly what a paycheck is to a white-collar rat.

We wait anxiously for a paycheck, only to spend most of it away, not long after receiving it. In fact, it takes 30 days for the 'bucket' to fill up, so a typical white-collar rat will have to slog through the month before the 'bucket' fills up and tilts over again.

This bucket represents our needs, wants and desires...and the size of the bucket depends on the lifestyles that we have. Needless to say, the choices that we make on a daily basis will determine the size of our own buckets.

Now, I'm not proposing that we eliminate our wants and desires. But as best possible, we should strive to reduce the size of this bucket for a finite period of time - giving ourselves a chance to grow this scarce resource that we have. Once it starts producing returns, the size of your bucket can be increased.

However, act accordingly.

I'm not sure about you, but I have decided not to be like one of those kids who wait anxiously for the bucket to fill up.

In Part 2, I'll share an alternative solution to quit living from bucket to bucket.

* the bucket system is inspired by a fellow freedom rat

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