Common Sense Financial Podcast: Mindset & Growth

Ep 40: Living a Life of Abundance after Retirement

Informações:

Sinopsis

When I talk about my definition of retirement, I think it sometimes catches people off guard.   In my mind, retirement is not who you are or where you’re at in life, rather it is the transition of your time and money.    In other words, it is a process you go through … not your identity.   The transition for money is a transition from accumulating money to utilizing it.    For time, it is a transition of reallocating the 40-plus hours per week you spent working.   This distinction of what retirement means is an important one to make, because many people identify themselves with their work — but when someone is no longer working, they default to labeling themselves as “retired.”    Here is the problem: This default “I’m retired” mindset leaves people stuck, and they never really progress toward reinventing themselves.   In essence, they have made retirement their new identity, which just seems odd considering when you say something is “retired” it often infers that it has outlived its usefulness.   But I don’t