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8 Signs You're Not Ready For Retirement
Manage episode 483693996 series 3368904
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Welcome to another eye-opening episode of the Building Your Money Machine Show! Today we’re tackling a topic that’s crucial for anyone looking to retire with real confidence and peace of mind. What if I told you that most people are planning for retirement all wrong? That’s right—many of us believe we’re set until reality hits and the money runs out, unexpected expenses pop up, or we end up living a lifestyle we never truly prepared for.
In this episode, I walk you through the eight biggest signs you’re not ready for retirement. Retirement isn’t about an age or a magic number; it’s about lifestyle and financial readiness. I’ll show you how to shift away from chasing arbitrary numbers and start focusing on building a retirement plan that actually supports the life you want.
We'll discuss the critical mistakes to avoid, and talk about overlooked threats like healthcare costs and inflation. You’ll learn why conventional wisdom about retirement may be setting you up for stress, and how to make the mindset and strategic shifts necessary to retire on your own terms—with freedom, choice, and security.
IN TODAY’S EPISODE, I DISCUSS:
- Why chasing an arbitrary retirement number isn’t enough
- The power of having a detailed retirement plan
- Why carrying high-interest or lifestyle debt into retirement is dangerous=
- The emotional and psychological side of retirement
- How to “test drive” your retirement plan and stress-test it against unexpected events
- The invisible threat of inflation
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If you liked this video, you'll love these ones:
- How to SURVIVE and THRIVE During a Recession: https://youtu.be/xSbRv9BopiA
- Money Principles I Know At 63 But I Wish I Knew At 40: https://youtu.be/aTOC_lC0CAE
- If You're Thinking Of Retiring Early... Watch This: https://youtu.be/SO9yQLytMWI
- I've been through 4 recessions, here's what always happens…: https://youtu.be/h4eJqaDas_w
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