Show Notes
Seriously, does watching the market and comparing your investment performance to some benchmark help you create a great life??? Of course it doesn't. So stop. Stop worrying about "keeping up with the market" and get down to the important work of creating a great life. INVEST WISELY Segment
If you are investing without trying to achieve some greater goal, you're setting yourself up for disappointment.
Comparative investing is a losers game. It can:
- create a never good enough mindset
- cause you to over trade and chase investments
- make you susceptible to product sales pitches
- cause you to take too much investment risk (for no reason)
- increase your stress
- cause you to become disillusioned with investing
Last week, I asked a recently retired couple what they wanted. Did they want to keep up with the market or have confidence that they could maintain their lifestyle? You guessed it, they didn't care about the market, they cared about their life. Smart ones, they are.
PLAN WELL Segment
During working years a lot of our purpose comes from our job, but once we stop working nothing will automatically replace them. Unless we are intentional and planful, retirement can feel like a big let down.
John Knowlton, CFP just launched
beerandpeanuts.net to help you avoid this big letdown. He's created resources in 3 areas that research has shown are critical to a healthy retirement:
- Purpose (a reason to get out of bed)
- Meaning (what if leisure isn't enough?)
- Social contact (people to connect with)
Listen to our great conversation for key insights into how to create your own fulfilling retirement. Want to Learn to Retire with Confidence?
Get ready for a special never before seen event coming in January. Get Ready for Retirement Plan LIVE. Sign up at rogerwhitney.com for free updates on this special month long event.
What is Retirement Answer Man?
A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com