Since the 2007 movie The Bucket List With Jack Nicholson, and Morgan Freeman there are a number of web sites and blogs that offer tips / suggestions to help you compile your list of things to do before you kick the bucket. I will be putting one of those types of list together in the weeks to come, but first wanted to get my financial bucket list complete. Really the same idea but I choose to look at it as a list of financial items I'd like to complete way before I'm kicking anything.
I think a list like this serves as motivation, goals that you should continue to work towards. Without a list you can get caught up in everyday life and never get anything accomplished. So here's goes:
Pay off all unsecured Debt in less then 5 years
Establish Emergency Fund - save $15,000
Establish vacation fund - save $3,000-$4,000 yearly for family vacations
Build sizable college fund for my 3 children - college ain't cheap
Pay off Home Mortgage - will make the next 3 easier
Save 1 million dollars for retirement
Retire at age 55
Buy Retirement home with Cash - No Mortgage
After writing my list, it almost came out in chronological order. Tops are my list is paying off my credit card debt, once that is complete it makes many of the others easier to accomplish. Do you think I'm missing any major items? Sure it's my list, but I don't want to miss out on anything. What's your list look like?