The Long-Term Bucket

“How do I fill up my Long-Term Bucket when I can’t even afford to pay my current bills? Shouldn’t I just wait awhile until I’m in better shape?”

I know that’s what you’re thinking. And it makes so much sense to wait, right? Logically, you should start paying off your bills and start building up your checking and savings accounts. And then when you have a bunch of money saved up, you can start investing in the stock market. Right?

Wrong, Wrong, Wrong…

In order to reach your retirement years in good enough financial shape to actually retire, you’ve got to start building your Long-Term Debt Paying Funds right now! You cannot wait until you are too old to work to start building up this account, and you will simply never start building this account if you wait until you have surplus funds in your Short-Term Bucket.

Short-Term funds are too easy to spend, too easy to access, too easy to for you to just buy something you need vs. trying to figure out a less-costly alternative (the reason you got into so much credit card debt in the first place was because it was too easy to access spending funds by whipping out a piece of plastic, and your Short-Term Bucket will empty just as easily as you go along).

Get Rich Quick?

Your Long-Term Bucket will also benefit from the advantage of “Time”. Having these investment vehicles open for longer periods of time will make them more valuable. If you don’t allow them the time they need to develop for you, then you will run into the frustration of chasing “Get Rich Quick” schemes – which almost always fail. Allow enough time, and you can get rick slowly, steadily, and safely.

We’ll look at some Long-Term Bucket vehicles in the next article – and once you read that article, you’ll begin to believe that this is actually something you can do. I know what your assumption is at this moment when I’m talking about “Long-Term Investment Tools”.

You assume that I’m immediately talking about “Go out and buy 100 shares of Microsoft and hold it for the long term…” But you would be seriously wrong in that assumption.

I Get Where You’re At Right Now!

Again, the type of person who found this website are not the independently wealthy individuals among us looking to me for investment tips or the next hot commodity scheme. The people reading this website info are people struggling with day to day living, too much debt, not enough savings, and worries about the future. I know who you are.

And for me to tell you to go open a brokerage account and start learning about the Price/Value ratios of company stocks, or maybe teach you the tricks of “Puts and Calls” really has no place in your world. That is just NOT what I’m going to be talking about.

Read on. This will be accessible to you and can help you get to the point – someday – where those other “investor” things are important to you. For now, we just need to get you started on a path that will lead to a better tomorrow. That’s my goal – I hope you’ll come along with me and get started building that better tomorrow.

Related Articles:

• How Do You Fill the 3 Buckets?
• Two Long-Term Bucket Vehicles to Start With
• Your Short-Term Bucket
• The Future is NOW! A further explanation of Your 3 Financial Buckets
• Your Financial Bucket List