Vary the size of your buckets depending on your risk tolerance.

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Episode Highlights

  • The use of “buckets” to enhance financial strategies
  • Casinos as an example of risk tolerance; it’s not about winning all the time, but limiting the losses
  • Allocation and size of buckets for investments, highlighting shelter as a “big bucket”
  • Defining an exit strategy before making investments
  • Having varied sized buckets to handle risk
  • Zero tolerance for high credit card interest rates
  • Having a ‘bucket’ for liquid money as it provides flexibility to be more aggressive in other areas of investment
  • Changing habits for better health, utilizing the bucket metaphor
  • Reducing his coffee intake

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