NEW YORK - Eytan Morgenstern is facing a very expensive dilemma. The 36-year-old public relations professional has an opportunity to check something off his life 'bucket list': Seeing his favourite band, Metallica, play live. One problem: They are not coming to his city of Jerusalem, so he is considering going to Paris to see them on May 17. He figures...
NEW YORK - Eytan Morgenstern is facing a very expensive dilemma.
Whether Beyonce tickets, Super Bowl weekends or dream vacations after years of Covid restrictions, our bucket lists carry big price tags that seem to be rising every year.“Most people expect to be told, ‘No Beyonce tickets, no dream vacation, just save it all until you’re 95,’ ” says Ramit Sethi, bestselling author and host of the podcast ‘I Will Teach You To Be Rich’.
The danger of a huge bucket list cost is that it can spoil other areas of your financial life – like eating into emergency funds, preventing retirement saving and loading up credit card balances.If you set a goal and the sum is walled off, then you can keep financial priorities intact. “Many retired clients finally feel they have the time to invest in learning a new skill, taking up an instrument, or exploring a new hobby.”Financial planner Marguerita Cheng from Potomac, Maryland is helping clients pay for their bucket lists by thinking outside the box.
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