Filling Your Five Buckets In The Right Order
The concept of “filling your five buckets” is a metaphor for personal growth and development. It suggests that there are five key areas of life that we should focus on to achieve our full potential.
I’ve read about this concept in books such as Think and Grow Rich by Napoleon Hill, Principles by Ray Dalio and more recently in The Diary Of a CEO by Steven Bartlett.
Working as a mechanical design engineer, I got to meet many engineers from around the world. Recently, the transition to a net-zero has created a lot of demand for this job, and I see some engineers jumping from junior roles straight to seniors with only two or three years of working experience. This happens because the labour market is tight and companies are desperate to attract the skills they need. I think employees who are doing this are making a big mistake. You get to learn a lot of valuable knowledge as a junior that you don’t get to learn as a senior any more. By accepting a senior role too soon, you are effectively trading your future knowledge for a short-term payslip and status boost.
However, similar to investing, if you avoid the shortcut trading temptation by filling your five buckets in the right order, then the chances to unleash your full potential and succeed in accomplishing your long-term goals are greater.
Fill your bucket in the right order:
Table of Contents
1. Knowledge Bucket
This bucket represents the information and skills we have acquired through learning and experience. It is the foundation upon which our other buckets are built. A well-filled knowledge bucket provides us with the insights, understanding, and know-how to navigate life’s challenges and seize opportunities. We can fill our knowledge bucket by engaging in lifelong learning, reading books, taking courses, attending workshops, listening to podcasts, and engaging in conversations with knowledgeable people.
2. Skills Bucket
This bucket represents the ability to apply our knowledge effectively. It is developed through practice and experience. A well-filled skills bucket equips us with the practical tools and abilities to achieve our goals. We can enhance our skills by practising, taking classes, working with mentors, engaging in hands-on activities, and volunteering in areas that align with our interests and aspirations.
3. Network Bucket
This bucket represents the people we know and the relationships we have built. It gives us access to resources, opportunities, and support. A well-filled network bucket provides us with a diverse array of individuals who can offer guidance, advice, and connections. We can expand our network by attending networking events, joining relevant organizations, connecting with people on social media, and actively engaging in conversations with those who share our interests.
4. Resources Bucket
This bucket represents the material possessions and financial resources we have at our disposal. It provides us with the means to achieve our goals. A well-filled resource bucket allows us to invest in our education, pursue our passions, and overcome financial obstacles. We can accumulate resources through career advancement, entrepreneurial endeavors, savvy investing, and effective financial management.
5. Reputation Bucket
This bucket represents the way others perceive us and the respect we have earned. It is built over time through our actions and the impact we make on others. A well-filled reputation bucket opens doors to opportunities, fosters trust, and garners appreciation from colleagues, friends, and acquaintances. We can establish a positive reputation by demonstrating integrity, honesty, professionalism, and a commitment to excellence in our endeavours.
Related content worth a read:
The key to filling your five buckets is to focus on them in the right order. The most effective strategy is to prioritize knowledge and skills development first. A strong foundation in these areas will enable us to effectively utilize our network, acquire resources, and build a positive reputation. By prioritizing growth in each bucket, we can achieve our personal and professional aspirations while cultivating a fulfilling life.
SUBSCRIBE TO BLOG VIA EMAIL
NET WORTH GOAL
PORTFOLIO GOAL (Dream)
FINANCIAL TOOLS I USE
Zero Commission Stock Investment Apps
(free share worth up to €/£100)
Index Funds Investing Accounts
(up to £50 bonus)
(no management fee for 1 year, Spain only)
(Get it for FREE)