For a Great 2019
Good Morning Relaxing Retirement Subscriber,
We’ve all heard the phrase, “don’t wait for a crisis in your life to motivate you to prioritize and do what you really want to do.”
It would be great if it didn’t take a crisis to get us to think and prioritize differently. For me, one of those crisis events occurred when my mother got sick and passed away at the very young age of 57 when I was 20 years old.
After dealing with the reality of losing my mother (unfortunately, she was terminally ill for 19 months), the lesson for me was to never wait to do anything because you never know when it can all be taken away from you.
I would certainly have preferred that it didn’t take losing my mother for me to learn that lesson and prioritize a little better.
Progressing Toward Something
One of the great advantages of your retirement years is that you are free of the day to day pressures you had to face at work. However, without the deadlines and structure that work provides, some people feel lost.
That’s why it is so important, whether you’re still working, or if you’ve already stopped, to give significant thought to what you want most out of life and then get busy doing it.
As you objectively look around at all the people you come into contact with, something becomes obvious: small numbers of individuals are more happy and successful than everyone else.
Not only that, but in stark contrast to most people whose optimism fades with age, these same individuals are more energetic, enthusiastic, and confident.
There are many explanations for this, but the number one reason for a loss of momentum in retirement is a lack of prioritizing and goal setting. Without it, everyone loses their sense of direction and confidence.
Instead of being excited about what lies ahead, retirees become increasingly nostalgic about their youthful years, and the “good old days.”
However, those who continuously clarify and act on their goals benefit from the law of compound interest, i.e. just like with money, the more you invest in visualizing and working toward a better future, the better your future automatically becomes.
The most exciting part of life is knowing that you’re progressing toward something. And, that’s why it’s so important to have written goals in retirement, not just weakly stated ones like new years’ resolutions that quickly turn sour.
My Recommendation To You
As we begin 2019 together, take a moment to step back and think with no distractions.
Clarify and prioritize what’s most important to you without it taking a crisis to motivate you to do so.
Lock the doors, turn off the television and your computer, shut off your i-Phone, pull out a pad of paper and a pen, and sit in a comfortable chair in your favorite spot in your home.
Tell everyone to give you some “quiet” time.
While you’re in that spot, relax and think ahead 20 years from now, 10 years from now, or even just 3 years from now.
Put yourself out there and look back to today. Looking back over those years:
- What would you like to say you did?
- What opportunities did you take advantage of?
- What did you eliminate in order to pull this off?
- Where did you spend your time?
- And, most importantly, who did you spend the majority of your time with?
Once you’ve compiled your list, prioritize them in order of importance to you personally.
Ask yourself, “what steps do I have to take right now to make this happen?”
And, “who might be able to help me?”
Keep the list visible to you in your home so you see it on a daily basis.
Share your list with people who are close to you, and those who share your zest for life.
Warning: Be careful not to share this process with those who will drain your energy from you. We all have energy drainers in our lives. We refer to them as “Batteries Not Included”, and your time with them has to be strictly limited or eliminated.
Soak It All Up
Your retirement years provide you with a new lease on life. You now have the opportunity to clean the slate and spend all of your time doing what you want, when you want, where you want, and with whomever you choose.
However, that doesn’t just fall into place without careful thought and action. To get what you really want, you have to plan and act constantly.
Life can be short. Don’t let it have to take a crisis in your life to realize this.
Get out there and soak it all up. Be busy! Be exhausted!
Happy New Year!
Committed To Your Relaxing Retirement,
The Retirement Coach
P.S. Arm yourself with the questions you must ask to determine if your financial advisor has a legal obligation to work in your best interest at all times vs. the best interest of the company they represent. To receive a free copy of the Consumer Guide titled: “The 13 Questions You Must Ask Your Retirement Advisor (or Any Financial Advisor You’re Thinking of Working With) Before You Hire Them”, simply click this link: https://www.theretirementcoach.com/free-consumer-guide-how-to-protect-yourself
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I appreciate the trust you place in us. Thank you!
(The content of this letter does not constitute a tax opinion. Always consult with a competent tax professional service provider for advice on tax matters specific to your situation.)