4 Obstacles That Will Keep You from a Happy, Fulfilled Retirement

You’ve probably heard statements like these:

“The average working household has virtually no retirement savings.”

Then you skip to another channel — even if your retirement account is near-to-nihl and your 20-year high school reunion happened a long time ago.

There’s a reason for this. In the marketing world, we know that people think of their future self as another human being. So when there’s talk about retirement, you just can’t emotionally connect with it. That financial calamity is going to happen to some other older person. Not you.

That’s dangerous thinking. You’re going to retire someday. And we’re not talking about just a few years of your life. People are living longer. More people will live to 100 than ever. So you might be in financial stress for a good 20 to 25 years of your life if you don’t make some changes. Worse, you could end up becoming a burden to the people you love the most.

As the wit Max Asnas points out:

“Money is something you got to make in case you don’t die.”

I know I haven’t painted a pretty picture, but I’ve got some good news. Chris Hogan, the author of Retire Inspired, is joining me on the podcast today. He calls his book “America’s wake-up call” and his goal is to motivate you to think about retirement now and think about it differently.

From our conversation, I’ve pulled out four obstacles that get in the way of you taking smart and thoughtful measures to prepare for retirement and summarized them here for you.

But there’s more wisdom in the podcast than I can possibly recap for you here. I also dig from Chris some of the steps you need to set yourself up for retirement so make sure you listen to the entire episode this week.

Obstacle #1: Misunderstanding Retirement

As I’ve said before, most people think of retirement as happening to somebody else. But that’s probably because we’re thinking about retirement all wrong. It’s negative or a scary unknown that makes us uncomfortable.

Chris says a lot of people see retirement as the end, but you should see it as the beginning.

Chris says a lot of people see retirement as the end, but you should see it as the beginning.

“If you do retirement right, you’re going to have more of two things than you’ve ever had before in your life,” he explains. “You’re going to have more time and more money.”

If we start to envision retirement as a chance to fulfill some of our dreams, we may be more motivated to plan for it. Whether you long to do charity work, participate in the civic activity in your community, spend more time with your family, or travel to Venice or Patagonia, you should be looking forward to these years.

Stop thinking of retirement as a negative. It will play a large and important role in your life. With a clear image of a successful retirement in your mind, you’ll naturally steer your life toward that goal.

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