Saturday Musings - The Bucket Theory

Saturday Musings - The Bucket Theory

I often find myself talking to my own kids about buckets. These aren’t the regular buckets that you carry water around in but relate more to the short, medium and long-term plans for your life. Over the years, I’ve found that having buckets has been really advantageous in understanding my own direction in life.

Items in the short-term bucket are things such as earning money to put food on the table and a roof over your head. Without this bucket being constantly topped up then you’ll find it a lot harder to get through life.

The medium-term bucket is sub-five years. It has things such as education, training and gaining experience in it. This bucket is all about investing in yourself so that you can become better at whatever you do.

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Then there’s the long-term bucket. This covers who you are and why you do the things that you do. In this bucket are items such as character building, relationships, guiding life principles and typically spiritually related issues. There’s only two things that are certain in this world, death and taxes.. This is the bucket that is all about what you would like people to say about you when you die.

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Saturday Musings - Life in Four Buckets

Saturday Musings - Life in Four Buckets

This past week I was talking with my two adult children, Tim and Sarah, about life and how I manage to choose and allocate my time to what I do. I love these conversations and find that they are some of the most precious and special times with my children.

We ended up speaking about goals and how to managing some of the conflicting opportunities that life presents. For example, should you go for money now or education? This is when I began to speak to them both about my buckets.

I think of my life in terms of four buckets. The first bucket is my short-term bucket and it’s for things that put food on the table now. This bucket often has things in it that I don’t like doing but like any job it isn’t all bad. When you don’t have a penny then this is the place that you need to focus on to make sure that you aren’t forced to go on a diet by the bank.

I then have my medium-term bucket. It’s where I go to find projects that may last for a few years or less. It’s the place for things like finishing a degree, writing a book or launching a business.

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