Afford Anything cover image

The Risk of Not Fully Living, with Michael Lynch

Afford Anything

00:00

The Three Bucket Approach

You have to distinguish money that you want to spend as a lump sum versus money that you're going to put into service of generating income for you. So let's say I got a cash reserve that's $50,000. Well, that cash reserve should never be put into anything other than bank accounts getting the highest interest possible. In a world where cash was earning zero, that bucket was not really contributing to the overall returns of the portfolio. If you have a lot of time and energy, you could buy individual like treasuries that can't do with those dates - they are back by the US government.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app