Escaping The Bucket

With Tom taking a break, this week Terry Mullins - www.thereluctantsalesman.com joins Jeremy.

Terry expands on the Escaping The Bucket principle, and we discuss what the budget means for you as well as veering off as usual to tangents - such as Bitcoin and QAnon - just what was in that pizza restaurant basement?

Email the show - [email protected]

Book references :

The Checklist Manifesto

The Man Who Mistook His Wife for a Hat

It's an epic this week as we build on the foundations of building a financial plan - looking at George Kinder's 3 Life Planning Questions and understanding what they actually mean to us and our future.

Learning to love the grind - taking a dip into Tom's philosophy classes, we ask the question - what is important - the grind or the outcome, and how will we get there if we don't love the grind.

Key show links

THE SANATORIUM

THE TOP 5 REGRETS OF THE DYING

FREAKONOMICS

and an honourable mention for Ikea's on-hold music

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[email protected]

www.escapingthebucket.com

Where do you start when building a financial plan? The answer lies a good way before you even consider your finances.

This week we look at clearing the decks of your innocent beliefs and things which may be holding you back, before looking for peer to peer support through the energy exchange.

This week's question - what do I need to do with the budget and tax year-end looming?

Resources:

Financial Planning Flowchart

Apps :

Search for 'I AM' & 'BEAM'

email the show :

[email protected]

[email protected]

This week Jeremy and Tom start to outline the fundamentals for building a financial plan. We'll build on this step by step over the coming 6-8 weeks.

Why can your emotions be like quicksand? Maybe sometimes, it's best to sit still rather than wrestle with them.

Bonus content :

• 2 book reviews
• Volatility v sequence risk
• Do you need probate to access a pension?
• The Financial Plan Flowchart

[email protected]

[email protected]

What is impact investing and how is it different to ESG and other types of investing.

Opinions - they're like a ball, just because someone has thrown it towards you, it doesn't mean you have to catch and accept it!

Jeremy and Tom build on the last few weeks discussions around ethical investing before examining Russell Davis' take on opinions.

We answer questions such as the difference between a pension and a SIPP, and what is IR35 and who will it impact on.

Send us your questions to :

[email protected]

[email protected]

This week Jeremy and Tom explore ESG investing - is it just a fashionable investment style or is there something more meaningful behind it?

Secondly the benefit of structuring your day around what makes you happy - what are the key chemicals to release from the brain?

email us your questions

[email protected]

[email protected]

www.escapingthebucket.com

Tom & Jeremy explore what ethical investing is, explaining the different types and answering the important questions around it.

How important is your environment - the places and peoples around you (will Jeremy ever get the garage tidy)?

Other key questions - what is a deed of variation, how will the new President impact your investments, and an insight into homeschooling.

This week, Jeremy and Tom explore the concept of the retirement smile - not just being happy after you finish work, but making sure you have the right money at the right time to meet your spending needs.

Moving on, they explore why people post on social media, who really cares, and why we should perhaps care a little more.

Bonus discussion

- what do you get for the financial advice you pay for?

Links to content :

3 bucket method of household financial accounting whiteboard version

3 bucket method - Jeremy doing battle in the wind at the beach

Honourable mentions to the podcast No Holds Barred

Jeremy Squibb and Tom Desborough discuss how to get on top (and stay on top) of your finances for the year ahead, then turn to the bigger challenge of setting your own goals for 2021.

Are your goals your own or someone elses?

Who do you need to help you attain those goals?

What would achieving them actually mean to you?

Also featured - what are ethical investments, and what do you need to do before the end of the tax deadline.

Additional resources :

Life Planning For You - self discovery

Build Your Own Mission Statement

Jeremy and Tom take a look back on 2020 - what is the year with a perfect vision, or did it hit you plum between the eyes?

What went well, what challenges were there, and what did we all learn?

Then a look forward to 2021 - how will that be, what aspirations and goals will we all have, and what can you do to make it a fully rewarding year.