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Article Title:
Financial Freedom is Found in the Money Bucket

Article Description:
Everyone has a money bucket. The status of your money bucket
determines if you have financial freedom or financial bondage.

Additional Article Information:
663 Words; formatted to 65 Characters per Line
Distribution Date and Time: Thu Mar 23 19:32:04 EST 2006

Written By:     Bryan Falls
Copyright:      2006
Contact Email:  mailto:[EMAIL PROTECTED]

Article URL: 

For more free-reprint articles by this Author, please visit:


Financial Freedom is Found in the Money Bucket
Copyright © 2006 Bryan Falls
Empower Your Life Now

Everyone has a money bucket. The status of your money bucket
determines if you have financial freedom or financial bondage.

Financial freedom brings freedom, savings, and enjoyment in
life. Financial bondage brings extreme debt, worry, pressure,
stress, and other problems.

Let me explain about the money bucket...

Imagine a five-gallon bucket with a garden hose pouring water
in the top. In the bottom of the bucket are many small holes.
Water is constantly leaking out of the bucket at a rapid rate.

You money bucket is the same. You have your income coming in
the top through your job, investments, etc. Since it takes money
to live, your money is leaking out the bottom to pay bills,
house payments, food, etc.

--Financial Bondage = your money is leaking out faster than it is
going in. In other words you are spending more than you make.

--Financial Standstill =  income and spending are equal. You are
living paycheck to paycheck and are not getting ahead or behind.

--Financial Freedom = the money is coming in faster than it is
leaving so you are building up your savings. Freedom!

If you have financial freedom, great! However, what if your
money is leaking out faster than it is coming in?

If this is the case, you need to...

Improve your Money Bucket

There are two ways to improve your Money bucket:

Option #1: Open the hose more (increase your income).

Many opt to for this solution. Usually this is through working
more hours or having a second job. This at first seems like the
best option and it can improve a person's situation. However, it
is not as great as it sounds.

Take this example:

Joe is making $2500 a month. Currently he is spending $2800.
$300 a month is leaving his bucket. This is financial bondage.

Any extra hours he  works will earn him $15 per hour. He can
work 20 hours more per month and the $300 will be taken care of--

Wrong. In his tax bracket, every extra dolor will be taxed at
25% federal, 7.5% social security, possibly 4.5% state, plus
sales tax when he spends the money. So at least 37% percent of
his additional income will go to taxes.

He has to earn not $300 to balance the budget, but $476
dollars. Instead of working 20 extra hours he will have to work
an extra 32 hours! This does not include extra gas and other

Turning on the hose of more income is good and sometimes the
only option. However, it may not always be the easiest or best.

The second option can actually be the easiest and best, though
it will take some effort.

Option #2: Plug the holes (Spend less).

Impossible, you may say. Three steps will help you.

Step 1: Identify the leaks.

Keep receipts and write down the exact amount you. It only
takes a few minutes a day or week. At the end of the month look
through and see how you have spent your money. It can be
shocking learning where all the money is leaking out.

Step 2: Identify the leaks that can be reduced plugged.

Some can be plugged others may be reduced. Americans spend an
average of $3 a day at vending machines. If this describes you,
that will save you over $90 a month if you cut back. Evaluate
and see what leaks can be taken care of.

Step 3: Plug the leaks.

Now that you have identified what can be cut out, do it.
Reduce the spending. Take the necessary steps. Will it be
painful? Probably! You have two choices in life:

Choice #1: Short term pain (spend less), long-term gain
(Financial freedom).
Choice #2: Short term gain (spend more), long-term pain
(Financial bondage).

How is your money bucket? If it is leading you towards
financial bondage, take action now. Either plug the leaks or
increase the income. Financial freedom is found in a sound money

Bryan Falls has a passion to help people improve their life in
the areas of health, relationships, finances, and personal
success. He shares the secret to financial freedom at his



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