We all have a mental “bucket list.” Things we want to do, places we want to visit, people we want to meet before we die. The fact that these items are on our “bucket list” indicates they mean something to us.
These were items on her bucket list that she can now say she has done.
What’s on your bucket list?
What do you desire to do, experience, or have that would enrich your life? Go to art school? Travel to someplace exotic? Try stand-up comedy, complete a Ph.D., publish a novel, set up your own business? Retire? Take a sabbatical to Nepal? Go on a meditation retreat? Hike the Camino? What one thing would you like to do if time and money were not an issue in your life?
Here are the steps to achieve your bucket list
Make a list
Create your bucket list. Write it down. Give yourself permission to dream. Don’t limit yourself. List as many items that come to mind. Become aware of your limiting beliefs. It takes time to reflect on what those are. You don’t deserve it, you don’t have time or money. Do you believe it’s too indulgent? These are some common limiting beliefs. Remove them!
Be clear about the outcomes you desire
Having goals is not enough. You must be specific and clear about the outcomes you are hoping to achieve.
If you want to go back to college to get a degree, be specific about the degree you are hoping to complete.
Know Your “Why”
Knowing the reasons why you want to achieve, be or do anything, is what will motivate you towards your desires. It’s what fuels your passions. If it’s a writing retreat, why? What is pulling you? The traveling or the writing?
Completing your degree? Are you doing it for the recognition or the love for learning? None of this is right or wrong. It’s a matter of getting in touch with your motivations. Regularly returning to your “why” is what will keep you on track.
Divide your goals according to when you want to achieve them
When do you want to achieve your goals? Having a list of dreams is not enough. Decide when you want to achieve them.
Three years, five years, and beyond. Your time horizon will dictate how you should invest both your time and your money. It also adds a dose of reality. You are more likely to achieve your goals by scheduling them in your life.
Rank your goals
Select three from the list that resonates most for you, not what is “important” but what will enrich your life most. It may mean delaying buying a new car to pay for that Safari trip you have wanted to do for as long as you can remember. It does not mean you are ignoring the rest; it means that you choose to focus on the ones that mean the most to you.
What will they cost?
If you’re hoping to complete your degree in fine arts, find out how much it would cost to do that. Then, do your homework and be as accurate as possible. You will need to research what your dreams will cost you in terms of money and time. The more accurate and honest you are, the more likely you will achieve what’s on your bucket list.
How much time and money are you willing to dedicate?
If it’s a goal you plan to achieve in 5 years, then divide the cost by 60 (60 months over five years). If you want to run your first marathon, diarize how often you will be practicing each week.
It’s unlikely you’ll do the entire length at the first practice. Pace yourself. Start with 5 km at the first go and work your way up from there.
Save a set amount towards an item on your bucket list. Have this done, on the days you receive your paycheck. Many apps can help you keep track of your money, and some go a step further and help you save! The Digit app is great at keeping track of your expenses.
Make regular transfers of money towards your goals. For long-term goals, meet with a financial advisor. They will be able to tell you what investments you need for long-term goals.
Instead of spending money on incidentals or succumbing to compulsive shopping, be intentional. Direct a part of your income to items on your bucket list. If what you’re hoping to achieve requires regular practice, then make it a regular habit.
Review on a regular basis to see that you are on track
Find someone you can be accountable to. A spouse or a friend who will support your dreams. A financial advisor is also a good person to help you stay on track.
We all have dreams and desires we’d like to fulfill. A dream remains nothing more than a wish until you show a firm commitment by doing something to achieve it. Separate items that are mere “wishes” from what is a burning desire. Focus on the burning desire! And use the steps above to achieve your desires. Celebrate once you’ve achieved a goal! And start planning for the next item on your bucket list.
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Jennifer Thompson was a financial advisor who could not ignore the pull to live out her bucket list. Leaving a job in finance, she now writes and coaches women on manifesting life on their terms. She divides her time in California and the Mediterranean. She has written a few personal finance books: “Women & Money: 7 Steps to Becoming Financially Prepared in Any Economy.” and “Growing Up With Money: Raising Financially Resilient Kids in Any Economy.”
You can reach Jennifer at JenniferThompson@compelling365.com.