This is the sixth and final part of our six-part intensive series on the Freedom Generator. If you missed the first article, you can read it here.
If you’ve been following our Freedom Generator series, congratulations on making it to the end! Today, we’re looking at the final piece of the Freedom Generator—the Charity Bucket. And we’re discussing how funding your own Freedom and setting up a self-sustaining system for supporting the causes closest to your heart works.
How The Charity Bucket Works
By now you know that to support your current lifestyle and pursue Financial Freedom, your Freedom Generator has to include these four buckets:
- A Cash Bucket to cover your living expenses.
- An Income Generator to produce a consistent income for yourself.
- A Growth Engine to tap into the power of asset growth over time.
- A Lifestyle Assets Bucket to support your family’s needs and lifestyle.
But the fifth element of your Freedom Generator—the Charity Bucket—is actually entirely optional. Whether you build one into your financial picture is an utterly personal choice that’s up to you and your family.