It’s almost Christmas which means it’s time to go over my bucket list. Christmas is the perfect time to reflect a bit and evaluate what you want to do in the future. We all have a few days off and nobody really wants to think about finance too much. Besides, RB40Jr is on winter break so I don’t have time to write serious posts. I’ll take it easy and focus on the holidays until after New Year. Updating my bucket list fits the occasion.
For those of you not familiar with the term, a bucket list refers to a list of things you want to do before you die, aka “kick the bucket” in American slang. Anyway, I started this Christmas tradition in 2013 when I turned 40. I didn’t want to wake up at 65 and start a list then. Life is short so we need to enjoy the journey. We shouldn’t wait until retirement to enjoy life.
This year, I’m revamping my bucket list extensively. My old list had too many things on it. 4 years isn’t a long time, but I’ve changed a bit. Some of the things on my old bucket list don’t seem so interesting anymore. This bucket list 2.0 will be limited to just 10 things that I really want to accomplish in life. Check them out.
Christmas Bucket List 2.0
- Help our son graduate college with no debt. My parents funded my college education and I’m forever grateful for that. I got a good job after graduation and I was able to start investing in the stock market right away because I didn’t have any debt. I hope to do the same for RB40Jr. We’ll probably tell him we’ll pay 50% so he’d have some skin in the game. Once he graduates, then I’d pay off his student loans right away. If you have a good idea on how to do this, please share. Target date: RB40Jr should graduate from college in 2033.
- Become debt free. We don’t have any consumer debt, but we have 3 mortgages on our properties totaling over $450,000. It’d be liberating to have no debt at all. However, this isn’t a big priority right now so being debt free is probably a long way off. Target date: 2029. I hope to be debt free before RB40Jr starts college.
- RTW trip. I’d like to take a year off to travel around the world. The logistics are going to be tough because I want to do it fairly soon. We’d have to road school our kid and figure out many other things. It’d be a great experience for the whole family. Target date: 2021.
- Live in Thailand. I have family in Thailand and I’d like to live there for at least a year. I’ve been to many tourist spots in Thailand, but I want to explore less traveled areas too. This will probably have to wait until RB40jr goes off to college. Target date: 2030.
- Go see the Summer Olympics. It’d be a lot of fun to see one or two events at the Olympics. We watch the competitions on TV every 4 years and it’s always inspiring. Los Angeles is hosting the Olympics in 2028 so that’d be the perfect time for us to go. Mrs. RB40 has family near LA so the logistic should be relatively easy. Target date: 2028.
- Ride in a hot air balloon. We’d need to wait until RB40Jr is a bit older to do this. He got scared of heights from climbing the pyramid at Ek Balam. Or maybe I’ll just go with Mrs. RB40… Our kid would be so mad at us for leaving him out, though. Target date: 2024.
- Become a Buddhist monk for a short time. Most men in Thailand become a monk for a season to learn more about Buddhism. I think it’d be an interesting spiritual experience for a month or so. Target date: 2030. Maybe I can do this while I’m in Thailand for a year.
- Join Toastmasters. I’ve been meaning to join Toastmasters for years, but the timing has never been just right. So next year, I’ll put this on the top of the list. It’s really not that hard and it will be very helpful for my personal growth. Also, I need a low hanging fruit on this list. Everything else seems to be a long way off. Target date: 2018.
- Take a photography class. I want to learn to take better photographs before we go on our RTW trip. This one should be pretty easy too. I just need to find the time to do it. The most affordable option probably would be taking a class at the local community college. Target date: 2019.
- 3-5 acres in Hawaii. My ultimate dream is to own 3-5 acres in Hawaii. I’d build a few tiny homes on the property and rent them out to tourists. Ocean access needs be less than 15 minutes away so we can go swimming/fishing/kayaking whenever we want. Currently, this is possible on the less touristy side of the Big Island, but we’re not ready to go yet. We like our school district so we plan to stay in Portland until our kid is done with high school. After that, I want to travel for a while. We have a long way to go on this one and it might not be possible to pull off. We’ll see how it goes. Target date: 2038.
What’s on your bucket list?
Alright, I accomplished my mission of narrowing down my bucket list. There were too many things on the old list and it was unfocused. Now, the list looks more manageable and meaningful. The timeline is long, but I should be able to accomplish some of these every few years. Here is the list in an easy to see spreadsheet.
What do you think about my revised bucket list? Do you have a bucket list? What are some of the things on it? Have a great Christmas vacation!
For 2018, Joe plans to diversify his passive income by investing in US heartland real estate through RealtyShares. He has 3 rental units in Portland and he believes the local market is getting overpriced.
Joe highly recommends Personal Capital for DIY investors. He logs on to Personal Capital almost daily to check his cash flow and net worth. They have many useful tools that will help every investor analyze their portfolio and plan for retirement.
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