How to Play Offense with Money, Plan Bucket Lists, Build a Rich Life with Your Partner, and Take a Powerful $100 Challenge

• Most people have never thought about this question, individually and as a partnership
• People’s feelings on how they are doing financially are highly uncorrelated with their actual financial status
• Americans love to compare themselves to their neighbours
• Financial plans are more exciting and successful when you shoot for the moon rather than sacrificing your values and interests right away
• The more dialed-in your rich life becomes to you, the more incomprehensible it should become to everyone else

We spend our whole life thinking about what we can’t do with our money, so it’s hard to imagine your rich life initially

Step by step process with your partner:

• On separate pieces of paper, write down your bucket list
• Share them with each other
• Pick a couple and put a dollar value on them
• The numbers can be very different
• Go with the bigger number – it will make the moment that much more worth it!

This makes talking about finances more fun to talk about each month while you slowly but surely chip away at the goal

• You’re off to a bad start if one person is dragging the other to the meeting
• Don’t blame, always ask questions to understand the context around spending/saving habits
• Spend less time looking at fixed expenses (rent, groceries, gas), spend more but still little time on variable expenses (travel, gifts)
• Spend most of the time examining rich life goals and updating progress, maintain a backlog of more rich life goals as you achieve them
• These meetings can be depressing/challenging, make it a positive experience my going out to dinner or something out of the ordinary

In the next 48 hours, spend $100 on something you love. Can not be on kids, family, or charity. On yourself

Challenge is made for people who have trouble spending, designed to create a habit of spending money on things that are valuable to you

• Everyone is taught how to save money but nobody teaches you how to spend money
• Family history can be very influential on this
• Many people collect money eternally without having any rewarding goals
• Would you rather end up at 60 years old with more money or more experiences and a little less money at 60?
• People create a false financial story and live it
• “I’m not good with money” is a narrative that can easily be changed if committing to a plan
• Treat your financial plan like a business