Creative Planning > Insights > Retirement > Building a Bucket List

Why Now Is the Time

Creating a bucket list can be a great way to reflect on what matters most to you and prioritize your time and resources as you work to achieve your goals. The earlier you begin, the better chance you’ll have of achieving your goals. And there are additional benefits to building your bucket list sooner than later, including the following.

  • Additional time to save – If your bucket list includes expensive goals, such as extended travel abroad or purchasing a second home in a desirable location, you may need time to save. Starting your bucket list as soon as possible gives you more time to gather the financial resources you’ll need to turn your dreams into reality.
  • Purpose and direction – Having a plan to pursue your dreams can give your life purpose, meaning and direction and help you remain focused on what’s most important to you.
  • Self-esteem and confidence – Checking off life goals can help build your self-esteem and give you the confidence of knowing you can handle whatever challenges come your way.
  • Enhanced relationships – Creating and working on a bucket list can bring you closer to your loved ones. It provides an opportunity to share your priorities, values and goals, and offers you a chance to build stronger relationships with those who matter most to you.
  • Financial success – Establishing goals for your life is the first step toward building a more secure financial future. Prioritizing your life allows you to also prioritize your saving, investment and spending strategies to give you the best possible chance of achieving your dreams.

The following tips can help you create a meaningful bucket list.

  • Consider what matters most to you. What are your most important priorities? Spending time with family? Traveling the world? Focusing on a new hobby? Starting a business? Take time to articulate goals for your relationships, career, personal growth, hobbies, family, etc. Add to your list over time as your goals and priorities change. Use these priorities to guide your decision making going forward.
  • Define actionable, measurable goals. Now that you have your priorities in place, make a plan for how to achieve them. Break down your goals into small, manageable steps and commit to working on them a little bit every day. As you achieve smaller goals, take time to reflect and appreciate how far you’ve come. This can help you remain on track toward achieving larger goals.
  • Give yourself reminders. Post your bucket list in a place where you will see it every day. Create a checklist of tasks you need to accomplish to achieve your goals, and cross out items as you tackle them. Having physical reminders of your bucket list items and progress toward achieving them can help you stay motivated to keep going.

Creative Planning’s wealth managers support clients with a wide range of financial planning services to meet their needs and help them achieve their goals. To learn more, schedule a call with a member of our team.

This commentary is provided for general information purposes only, should not be construed as investment, tax or legal advice, and does not constitute an attorney/client relationship. Past performance of any market results is no assurance of future performance. The information contained herein has been obtained from sources deemed reliable but is not guaranteed.

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