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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