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The 2023 Edition: Accumulate Wealth Using the Three-Bucket Approach! (Based on Age)


We believe there are three distinct taxable buckets you have the option of investing in for retirement. We’ll talk about how to balance those buckets by age and show a case study by age that shows what your buckets may look like! Jump start your journey with our FREE financial resources: Reach your goals faster with our products: Subscribe on YouTube for early access and go beyond the podcast: Connect with us on social media for more content: Take the relationship to the next level and become a client: Bring confidence to your wealth building with simplified strategies from The Money Guy. Learn how to apply financial tactics that go beyond common sense and help you reach your money goals faster. Make your assets do the heavy lifting so you can quit worrying and start living a more fulfilled life....(read more)



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Building wealth is a goal that everyone wants to accomplish, but it can be challenging to determine where to start. Many people fall into the trap of simply saving money without having a plan in place for how that money will work for them. The 3 bucket strategy is a tried and true method for accomplishing financial goals and building wealth at any age. The 3 bucket strategy divides your financial resources into three categories: short-term, mid-term, and long-term. Each bucket is allocated a different portion of your overall financial resources, and each serves a specific purpose. The idea behind this strategy is to allocate your resources in a way that optimizes your returns while minimizing risk. For those under the age of 30, the 3 bucket strategy may look a bit different than it does for those in their 40s and beyond. Let's examine each bucket at each age group. Bucket 1: Short-Term Savings Bucket 1 is designed to hold your short-term savings. This includes things like emergency funds, vacation funds, and other expenses that you anticipate within the next few years. For those in their 20s, this bucket should hold up to 30% of your overall financial resources. This will give you the flexibility to handle financial emergencies without having to dip into your long-term savings. Bucket 2: Mid-Term Savings Bucket 2 is for mid-term goals like a downpayment on a house, a big vacation, or a vehicle purchase. This bucket should contain up to 50% of your overall financial resources for those under 30. However, you must be careful not to take too much risk, as these are still short-to-mid-term savings. Bucket 3: Long-Term Savings Bucket 3 is the most conservative of the three, as it's for long-term savings goals like retirement, education expenses, or starting a business. This bucket should hold 20% of your overall financial resources at under age 30. Remember that the longer your investment horizon, the greater the risk you can take. Consider investing in stocks through an S&P 500 index fund, which have historically generated returns of 7% annually over the long term. No matter what age bracket you're in, the 3 bucket strategy is an effective way to build wealth and reach your financial goals. By allocating your resources in a strategic way, you'll maximize your returns while minimizing risk. The approach shifts as you age, but the strategy remains effective throughout each decade of your financial journey. https://inflationprotection.org/the-2023-edition-accumulate-wealth-using-the-three-bucket-approach-based-on-age/?feed_id=97875&_unique_id=646257b84099a #Inflation #Retirement #GoldIRA #Wealth #Investing #budget #BuildWealthWiththe3BucketStrategyByAge2023Edition #buystock #buyinghouse #cash #compoundinterest #creditcard #debt #howtomakemoney #insurance #moneyguyshow #personalfinance #realestate #save #success #BackdoorRothIRA #budget #BuildWealthWiththe3BucketStrategyByAge2023Edition #buystock #buyinghouse #cash #compoundinterest #creditcard #debt #howtomakemoney #insurance #moneyguyshow #personalfinance #realestate #save #success

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