All Ships Rising

#8 – Learning to use "Buckets"


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Timing Points:

0-3:00: Intro to savings

3:30: Hard times lead to good things

4:15: Buckets of money and personality types

5:45: Short-term savings are liquid and easy to access

7:05: Compounding interest in a savings account

11:30: Long-term savings – IRAs and the difference between them

13:15: Taxable vs tax-advantaged

15:30: Take advantage of any savings-matching accounts that your company offers

16:45: Prioritizing long-term savings vs a big down payment or an immediate project

18:00: Automate your savings and investments!

19:20: Bonds – 10k limit per year allowed

20:30: Recap and closing

Resources Mentioned:

https://allshipsrising.com/

Vanguard or Fidelity Roth IRA account

https://open.alliantcreditunion.com/products

https://wealthfront.com

https://www.wealthfront.com/c/affiliates/invited/AFFB-J75A-34KN-PW9Z

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All Ships RisingBy Jewel Rechsteiner