Yes. 10% of your monthly paycheck can be your family’s wealth bucket! If you understand what to do with it, you will be doing more than just saving money. You will achieve your family’s financial goals and be able to secure the future of your family.
As the heart of your household, you already know how to stretch a dollar and manage a schedule. But there is a massive difference between “getting by” and “getting ahead.”
If you have ever felt like your paycheck is a bucket with a hole in the bottom, you aren’t alone. Between the rising cost of living and the endless “incidental” costs of raising a family, it often feels like there is nothing left to pour into your own future. However, building wealth isn’t a luxury reserved for the rich; it is a discipline designed for the diligent.
The Philosophy of the Wealth Bucket
Think of ‘a wealth bucket’ as your family’s financial fortress. Unlike an emergency fund—which is meant to be spent when the car breaks down or the roof leaks, the wealth bucket is sacred. You don’t touch it for “rainy days.” You grow it so that, eventually, the interest and growth from this bucket can fund your life, your retirement, and your children’s inheritance.
When you turn 10% of your monthly paycheck into a wealth bucket, you are practicing the biblical principle of stewardship. You are acknowledging that while you work hard for your money, you must also make your money work hard for you.
Why 10%? The Power of the Decime
The number 10 is significant. It is small enough to be achievable with a few lifestyle tweaks, but large enough to create a “snowball effect” over time thanks to compound interest.
If you earn $4,000 a month, your 10% is $400. To some, that feels like a mountain. To others, it’s a few skipped takeout nights and a cancelled subscription or two. The magic happens when you move out this 10% first. If you wait to see what is left at the end of the month, you will find exactly zero dollars. But when you automate that 10% transfer the moment your pay hits your account, you force yourself to be creative with the remaining 90%. You will find that you don’t actually miss it; you simply adjust.
Building a Legacy of Protection
Building a wealth bucket is an act of love for the family. It’s about ensuring that if something happens to the primary breadwinner, the family isn’t just emotionally devastated, but financially protected. It’s about having the capital to achieve your financial goals (invest in a business, buy property, or fund a child’s education without drowning in debt etc).
You (and your spouse) have the power to change your family’s financial trajectory. It starts with a simple commitment to that 10% of your monthly paycheck (both of you). It’s not about being a miser; it’s about being a master of your resources.
In my next post, I will explain the 3 financial goals every family needs and how 10% of your monthly paycheck can get you there overtime.
If you won’t wait that long, book a free call with me here, and I will guide you through.