Welcome! Whether you are here for the first time or returning for more tips, its good to have you here. If its your first time here, consider checking out our Buckets and Levers Analogy. Otherwise check out our list of buckets and levers.
In real life, buckets come in all shapes and sizes. They are used for different purposes and have different capabilities. All buckets are used for carrying or transporting something. Similarly, financial buckets come in all shapes and sizes. Some are tax advantaged, some have tremendous earning potential, others are available only to a select few.
It is up to you to decide which buckets to use and how those buckets will carry your money to its end goal. With limited financial resources to fill the buckets, its important to know and understand the advantages of each bucket. By understanding each bucket and its capabilities you can shorten your path to financial independence.
Just like a physical lever can be used to gain leverage, levers are the tools, tips and tricks that allow you to maximize two of your most precious resources: time and money. The more levers you can pull, the more you can redirect those valuable resources in the way that that YOU want to.
All levers are different, some are easy to pull, and others require planning. The best levers use mechanical advantage where a little bit of effort goes a long way! By knowing what levers you can pull, you can accelerate your journey to financial independence.
On our site we list each bucket with the following characteristics:
Size: Some financial buckets only allow you to contribute so much per year because of tax law.
Eligibility: Eligibility to fill a bucket can depend on your income and employment type among other things
Growth: Each bucket has earning potential, but some are greater than others
Advantages: Understanding the advantages of each bucket is critical. This could range form tax advantages, to security and usability .
Click below to access our list of financial buckets.
On our site we list each lever with the following characteristics:
Type: Financial (save you money) / Productivity (save you time)
Eligibility: Some levers are catered just for you! Others may have requirement like age, geographic area, personal preference and individual circumstance.
Cost: Many levers are completely free to pull, but others may require you to pay something to get something in return .
Effort: All levers require you to take action. But some require more than others. We rank our levers on a scale from 1-5 on how much effort is needed to pull them.
Do you have an idea for a bucket or lever? Click here to: Submit your ideas and It could be featured on the website!
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