Financially Independent Teachers
Welcome to the Financially Independent Teachers Podcast- where educators come together to discuss their journey on the road to financial independence. Each week, Dave and Brandon interview teachers who are winning with money and welcome financial industry experts like JL Collins, Andy Hill, Andrew Hallam (Millionaire Teacher) and Rachel Cruze (daughter of Dave Ramsey). There are plenty of voices in the teachers' lounge telling you that you can't build wealth on an educator income, let FIT provide hope that you CAN!
Financially Independent Teachers
EP 212-What is The Bucket Plan? How to Look at Your Assets Heading into Retirement
While cruising the Western Caribbean, I had GRAND plans to read a book a received for Christmas titled "The Bucket Plan: Protecting and Growing Your Assets for a Worry-Free Retirement"...well, sometimes grand plans do not come to fruition! Luckily, we had a 6 hour wait in the Miami Airport, so I had a chance to finally read that book that I had planned on reviewing earlier in the week.
In this episode, I give a brief review of the book and highlight the 3 main buckets to store your money as you prepare to exit working. The NOW bucket, the SOON bucket, and the LATER bucket.
Which accounts go in each bucket? How should you think about retirement? Check out the highlights of the book in this week's episode!