Mark's Money Mind

The Fun Bucket: Transforming Savings into Enjoyment in Retirement | Episode 032


Listen Later

In this episode of Mark dives into the ‘Fun Bucket' strategy with Kevin Sebesta, exploring how retirees can transition from a saving to a spending mindset. Originally discussed on the Forget About Money podcast hosted by David Baughier, the concept involves allocating funds specifically for enjoyable activities to facilitate guilt-free spending. 

The episode covers practical steps to implement the Fun Bucket, balancing financial security with personal enjoyment, and the long-term benefits of investing in experiences that create lasting memories. Discussions include managing retirement assets, planning for different life stages, and navigating generational wealth. 

Listeners receive valuable insights on overcoming the psychological barriers of spending and making the most of their retirement years.

If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.

Episode Links:

Mark’s Money Mind YouTube Channel

Forget About Money YouTube Channel

Life In Fire blog

The Fun Bucket - Overcoming the Frugality Mindset

Timestamps:

  • 00:25 Guest Appearance on Forget About Money Podcast
  • 01:07 Understanding the Fun Bucket Concept
  • 02:08 Implementing the Fun Bucket Strategy
  • 06:23 Challenges of Shifting Mindsets in Retirement
  • 10:05 Real-Life Applications and Experiences
  • 13:02 Managing and Replenishing the Fun Bucket
  • 18:18 Living Life to the Fullest with Financial Freedom
  • 29:44 Balancing Excess and Enjoyment
  • 30:24 Creating Memory Dividends
  • 32:49 Generational Wealth and Spending
  • 38:10 Retirement Planning vs Financial Planning
  • 39:54 Implementing the Fun Bucket
  • 43:42 Travel and Community Experiences
  • 48:59 Managing Retirement Funds
  • ...more
    View all episodesView all episodes
    Download on the App Store

    Mark's Money MindBy Mark Trautman

    • 5
    • 5
    • 5
    • 5
    • 5

    5

    73 ratings


    More shows like Mark's Money Mind

    View all
    Afford Anything by Paula Pant | Cumulus Podcast Network

    Afford Anything

    3,546 Listeners

    The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

    The Stacking Benjamins Show

    1,988 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,320 Listeners

    Retire Sooner with Wes Moss by Wes Moss

    Retire Sooner with Wes Moss

    447 Listeners

    Retirement Starts Today by Benjamin Brandt CFP®, RICP®

    Retirement Starts Today

    519 Listeners

    ChooseFI by ChooseFI

    ChooseFI

    5,138 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    668 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,086 Listeners

    Earn & Invest by Jordan Grumet (Doc G)

    Earn & Invest

    437 Listeners

    Risk Parity Radio by Frank Vasquez

    Risk Parity Radio

    268 Listeners

    Personal Finance for Long-Term Investors - The Best Interest by Jesse Cramer

    Personal Finance for Long-Term Investors - The Best Interest

    124 Listeners

    Two Sides of FI by Jason and Eric

    Two Sides of FI

    439 Listeners

    Mile High FI Podcast by Doug Cunnington & Carl Jensen

    Mile High FI Podcast

    202 Listeners

    Retirement Planning Education, with Andy Panko by Andy Panko

    Retirement Planning Education, with Andy Panko

    856 Listeners

    Catching Up to FI by Bill Yount & Jackie Cummings Koski

    Catching Up to FI

    348 Listeners