All the Financial Planners tell you to have at least 6-12 months of liquid emergency money stashed aside to take care of life’s little moments that sneak up on you such as car repairs or the furnace giving up its last breath during a polar vortex. In addition to that advice; I’d like to offer up another form of stash called the Fun Fund to use any way you wish as long as it’s fun. In the Millionaire Mindset book and in his workshops; T. Harv Eker suggests 10% of your income should be stashed away to use any way you wish so you feel like you have control over your money and you’re using it to enjoy your life.
Enter the Fun Fund. After my BFF and I returned from one of the millionaire bootcamps over a decade ago; we took that advice and have been stashing away a percentage of earnings into our Fun Funds ever since so that we have a pot of money with no particular plan, but the plan is to use it when the mood or a great adventure strikes. With our financial foundation in check and our Fun Fund fully stocked; we are ready to pounce when something so juicy comes along that we just can’t resist.
I’ve learned from my guides and coaches throughout the years and from my personal experience that I need to fully trust my intuition and just flow with it. As a very old soul who has been around many lifetimes; I’m told that my intuition has a very clear path showing me my path; so I usually go with it when I feel the strong urge. My BFF is the same way and when both of us have the gut feeling; we are helpless to defend against it. We just have to go with it and that’s how our latest adventure came about one low-key, loungey kind of Saturday.
I was in the middle of trying out a new lunch recipe when I got the call with Barb on the other end saying “Now don’t say no right away, just hear me out. I have an idea for a cruise into Canada during peak leaf peeping season. I know you will have just returned from your trip to Cuba, but this is a great deal.” As she was explaining the trip complete with sailing on a vintage four-masted schooner and high tea at the Chateau Fontenac in Quebec City – one of my to-do lists for 20 years; I knew I was a gonner.
Two days later I get a text from Barb in the middle of doing a seminar which said we have to “Do the Dragon”. What the hell did that mean. She texted “google it”. I did and I’m in. So in a matter of a few days, we have a few vacations already planned, booked and paid for. Something I never imagined the week prior. It seems that the Dragon’s Tail is one of the most notorious roads in America with 318 curves in 11 miles of mountain road and there was going to be a car rally with all kinds of festivities focused on the “Doing the Dragon”. With my father being a former race car driver, he also raced boats and motorcycle side cars. It’s in my blood. I love cars, boats and planes. Once again I was sucked into the thrill of the adventure and the unknown. Toss in an amazing log cabin with phenomenal mountain views and I can’t say no.
When it comes to people waiving great travel deals and amazing adventures in front of my face, I’m very weak. I cannot say no to such temptation. Try as I might to be prudent and rational; I just lose my mind thinking that an opportunity of a lifetime may pass me by and I might miss out on some life-altering experience, discovery, and good times. I’m a sucker for a good adventure with good friends. I caved.
Luckily, we both plan for such spontaneous times by continually adding to our Fun Funds. By planning for something we don’t know about in our futures, we can take advantage of an opportunity when it does come our way and be ready to pounce. Of course, we also sock away and invest much more into our Retirement Fund than our Fun Fund; but having a fund for frivolity feels good and brings out the kid in us after our adult has already set aside something for our retirement, our emergencies, our heirs, and other adult stuff.
What can you set aside for yourself, just yourself to do whatever you want that is meaningful and memorable to you. Vacations don’t just last a week or two, or three or whatever. They last a lifetime in our memory and our beings. It fulfills us and refuels us to keep going at a higher vibrational level than before we left. How can you better plan for spontaneity so that you can strike when the opportunity presents itself? What can you stash away and invest each month or week? What can you cut out of your life in order to have something more meaningful? What are you frittering away on a daily or weekly basis that could go into your Fun Fund for something more fabulous? I’ll be sure to report on our fabulous Canadian adventure later this fall and how we fared on the Dragon later in the Spring upon our return from our adventures.