top
Total Solution Packs Focus of the Whole You
Shop   -  Blog  -  Index  -  About  -  Contact  -  Home

Overflowing Buckets of Wealth

by Denis Waitley

With a little discipline and patience, you can make your journey to abundance and personal fulfillment a downhill flow instead of an uphill struggle. The key is to use the “overflowing buckets” concept of creating financial independence.

Picture your life as a five-step stairway, with you standing at the top and Fulfillment waiting for you at the bottom. Complete this picture by placing a large, empty bucket on each of the five steps and labeling the buckets from top to bottom:

Survival, Financial Stability, Quality of Life, Financial Security, Financial Independence.

Your objective is to fill each bucket with dollars as you progress down the stairway, so that when one bucket overflows, it begins to fill the next bucket.

Survival:
The Survival bucket is how you can pay for your basic needs of food and shelter. Once you’ve taken care of these, any extra money flows into the second bucket, which is Financial Stability.

Financial stability is the ability to keep solvent in the event of sudden, unforeseen changes and emergencies in your life – insurance against catastrophic loss.

Financial Stability:
To be financially stable, you must have an emergency fund in a savings account equal to a minimum of three month’s income, and preferably six months’ income. You also must have adequate permanent and transferable medical insurance that remains in force, regardless of your employment status, as well as life insurance, including some whole life, in addition to term, that accumulates cash value and has a level premium.

Another critical component of financial stability is non-cancelable, individual permanent disability income insurance, equal to at least 70 percent of your monthly pay, but preferably 100 percent. One of the greatest financial blunders most people make is to forget that the possibility of loss of income resulting from an injury or illness is much greater than that of loss of life. Not only are you without income when you are sick or injured, you also do need to be cared for during that period, and the expenses continue even though you’re not able to work.

Quality of Life:
When bucket two is filled with contingency dollars for your financial stability, you can sit down with your inner circle and determine what standard of living will give you the quality of life you want: your home, family, education, recreation, possessions, etc. These considerations should be budgeted with a monthly amount of savings, however small.

Financial Security:
If you can fill your Quality of Life bucket, a little extra discretionary income will trickle over the lip and fall into bucket four. This is the Financial Security bucket. Financial security is defined as the amount of assets that will give you the amount of after-tax income you need to maintain the standard of living necessary to have the quality of life you want, at some predetermined point into the future, without having to depend upon day-to-day employment.

Less than 10 percent of Americans ever fill this bucket. Your goal is to be in this 10 percent. It is not based on salary. Many individuals in the top income brackets never reach financial security. Many middle-income Americans do. To get in the top 10 percent, you need to put 10 percent of your spendable income into an appreciating investment fund every month, just like a mortgage payment.

Financial Independence:
The fifth and final bucket is Financial Independence. This is achieved when you beat the target date you set for retirement. The object of creating personal assets is to be financially independent of having to work, while you still have your health and are still young enough to enjoy those assets. Many individuals set their financial security target date at age 65. Using compound interest over time, you can beat your target date and set yourself free.

See your life as a stairway to fulfillment. Put your dollars in the right buckets, in the right order. You’ll be amazed at the way cash flows from bucket to bucket, like a river down a mountain.


With over 10 million audio programs sold in 14 languages, Denis Waitley 's CD album, "The Psychology of Winning," is still the all-time best selling program on self-mastery. To order this Best-Seller or his newest release, The Platinum Collection and save 30%, click here or call 877-929-0439.


You can be the next World Champion "coached" by Denis Waitley!
 
Learn how World Champions master self-esteem and self-discipline to live healthy and wealthy lives.
 
Want to be a Champion Olympic Athlete?
 
With Denis Waitley's training you could be --- he's taught his techniques to thousands of Olympians, including the 2004 Athens U.S. team.
 
Want to be an Astronaut?
Denis Waitley could help your chances --- he trained the Apollo Astronauts.
 
Want to build a World-Class company?
Better get Denis Waitley --- his dynamic teaching has influenced hundreds of companies including Dell, Bank of America, Coca-Cola, Disney, Microsoft and on, and on.
 
Just want to be the best YOU you can be?
 
With over 10 million audio programs sold in 14 languages, Denis Waitley's unique Psychology of Winning has transformed lives across the globe.
 
Introducing a Denis Waitley solution for the complete Champion - The Platinum Collection: Healthy, Wealthy and Wise! A complete 18-CD library that will help you learn how to maximize your performance, manage your time, enhance your relationships, set and achieve goals, make more money, simplify your life and supercharge your career.
 
Denis Waitley's other best-selling programs - Psychology of Winning, Seeds of Greatness, Empires of the Mind and The Dynamics of Goal Setting - are also available at special pricing. The Platinum Collection is also available on MP3.
 
To order, click here or call 877-929-0439.
back to top
Join the BODi Team
and Save 20% on
BODi Products

Learn About This Rewarding Business Opportunity
Annual BODi Membership
With Live Streaming Workouts
Now Just $179.00!
Beachbody On Demand Annual Membership with BODi Free Trial
Try the BODi Shake
30 Day Risk-Free Guarantee

Shakeology Daily Dose of Dense Nutrition
BODi and Shakeology Bundle
Save $284.78

Beachbody On Demand and Shakeology Bundle
BODi Performance Bundle
Save $269.78

Beachbody On Demand Performance Bundle
Free Sample Workouts
XB Sweat + Sculpt
Free Sample Workout
LIIFT MORE
Free Sample Workout
4 Weeks for Every Body
Free Sample Workout
FIRE AND FLOW
Free Sample Workout
Job 1
Free Sample Workout
645
Free Sample Workout
Let's Get Up
Free Sample Workout
9 Week Control Freak
Free Sample Workout
30 Day Breakaway
Free Sample Workout
#MBF
Free Sample Workout
Barre Blend
Free Sample Workout
10 Rounds
Free Sample Workout
LIIFT4
Free Sample Workout
Transform :20
Free Sample Workout
Shift Shop
Free Sample Workout
Mes de Mas
Free Sample Workout
What is Team BODi?
Free Sample Workouts
Streaming Workouts
Try Shakeology Risk-Free
Workout Programs
Nutrition Programs
Workout & Nutrition Bundles
Nutrition Products
Free Online Coaching
Free Sample Workouts
Lose Weight
Get Fitter
Team Howtobefit on Facebook Team Beachbody Coach Rich Dafter on Instagram Team Beachbody Coach Rich Dafter's Blog
Coach Rich Dafter
CEO and Head Coach
Rich Dafter
Top      
The goal of BODi is to provide you with solutions to reach your health and fitness goals. Click here to learn more about BODi Coach Rich Dafter.

Disclaimer: BODi® does not guarantee any level of success or income from the BODi Coach Opportunity. Each Coach's income depends on his or her own efforts, diligence, and skill. See the US Statement of Independent Coach Earnings

© 2023 Howtobefit.com  -  About   -  Contact  -  Join My Team  -  Site Map  -  Shop   -  Home