The Bucket System | THE BAREFOOT INVESTOR by Scott Pape

This video is about The Bucket System , a money management system popularised by #TheBarefootInvestor, #ScottPape.

It's simple, we organise our paycheck(s) to flow through these three BUCKETS:
1. Blow
2. Grow
3. Mojo

Within these buckets we have bank accounts that we dedicate a percentage of our income every month, the moment we receive them // Money Habit: #1 Pay Ourselves First
1. BLOW : Daily Expenditure (60%) , Splurge (10%) , Smile (10%)
2. GROW : Superannuation Contribution for Australians
3. MOJO : Fund our EMERGENCY FUND using Fire Extinguisher (20%)

That's Scott's handy dandy version. Here's mine :
1. BLOW : Daily Expenditure (17%) , Splurge (11%) , Vacation (10%) , Gifts (5%), Debt Detonator (7%)
2. GROW : Investments (50%)
3. MOJO : Emergency Fund (fully funded)

📚// Books Mentioned:
The Barefoot Investor, The only money guide you'll ever need - Scott Pape https://bit.ly/3acvLiz
#thebucketsystem

💎//Stashaway referral link: (Get 50% off mgmt fees for 6 months for up too 30k invested)
https://bit.ly/2SVrOsn

Good luck !

Credit:
Music from https://freetouse.com
Track: Ikson - Paradise
Track: Ikson - Blue Sky
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\\Disclaimer: I am by no means a professional advisor on finances. I am not a certified financial planner, I am a regular person who wants to give back by sharing my personal knowledge. I mainly share what has and is working for me. This is for your viewing /entertainment pleasure and I hope it assists you on your empowerment journeys too :)

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