There is a truth about retiring early (or anytime) which so many don’t know about to their demise.
Listen to this before you even think about retiring. It’s not just about personal finances or retirement planning. It’s about your life. Passion, purpose, relevance, challenges, and contrast in your life.
New Way Forward’s Paul Long gives you the truth about the dark side of retirement that so many people are learning about…the hard way.
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Podcast Transcript: The Truth about Retiring Early (or anytime)
Helping you find your new way forward to the best years of your life. This is a new way forward podcast with Paul Long. Be careful what you ask for because you might get it. I’m talking about is the retirement and no matter what age you are right now, even if you’re in your 30s, if you’re thinking, Oh, someday I’ll retire, I’ll get to do anything I want to do. I won’t have to go to work. I went on and on and on. Certainly, if you’re in your 40s or 50s, because here’s the deal. I’m out here on this beautiful trout stream, visiting my friend Paul. Say Hi, hi. And Paul was telling me, Do you mind me telling this story? Paul was telling me that this is the first time here in the fall that he’s actually been in the river trout fishing, and he lives 50 feet in this beautiful log cabin from the river. And why contrast? He says that he was still living in the city and doing all that kind of work and living and lifestyle and everything. He probably would have taken five or six trout trips. But he’s got this here all the time. And that contrast, you don’t think about when you want to take a vacation. Why is that vacation so wonderful? Because you’ve been working hard. Looking forward to it, you take it. But when people retire, all of the sudden you don’t have that contrast. You know, contrast is life is full of it. There is no light without dark, no plane, without pleasure, no love, without hate. And when you don’t have that contrast in your life, when you can do anything you want to do.
You can sleep in. You don’t have to go to work. All of a sudden. That doesn’t mean anything to you anymore, and you don’t have a reason for getting up. And here’s a really, really good thing. The mega-trend amongst recent retirees in this new day and age is that there’s a huge spike in alcoholism, drug abuse, depression, suicide, divorce, divorce is huge. Dorian Mintzer, who is a renowned author, speaker and she is a retirement therapist, says she has clients coming in and talking to her and saying, I don’t know what’s wrong, but I’m miserable. This that something’s really missing from my life. I’m I’m failing at retirement. How can you fail at retirement? I mean, you know, that’s like falling off of a log, except that log is on the edge of a cliff. And what’s happened is is that besides losing contrast, they’ve lost relevance, purpose, fulfillment challenges and successes. And they’re lost because they also realize they’ve got an extended life and health span. They’ve got decades ahead of this and they’ve lost it. Robert Warra, who I’ve also had an interview with on New Way Forward. He founded Retirement Coaches Association and he’s a financial whiz. He told me that an acquaintance of his. He said, Hey, how do you love like retirement? And his friend said, I hate it. Never retire. You won’t mean anything to anyone anymore. So if you’re even thinking about the notion of retirement, by the way, what I’m about to share with you, I shared with people in their 30s, and they said they changed their whole outlook in terms of, you know, so-called retirement. They got rid of that notion.
But certainly if you’re in your 40s or 50s, realize these pratfalls. Instead, try this. Think of it as my turn. Think of it that, you know, as an adult and as a kid, you’ve been learning, you’ve been trying. And now it’s time to do it for real and to do it in a way that’s right for you kind of life that you want for you. It’s my turn to make you years ahead, some of your best. And even if you’re thinking someday I want to retire or you’re on the verge of retirement, even early retirement. Think about maybe doing a sabbatical, you know, for a year, I’m going to chill, but I’m going to keep it in the back of my mind that I’m starting to think about now what I’m thinking about, what my new way forward is going to be because this is the opportunity in the day and the age and all that you’ve learned and all that you’re ready for to finally do what’s right for you. So look at this time of life. Look at this new perspective as probably the greatest gift you’ve ever been given in life. You certainly don’t want to be on your deathbed regretting that you never went forward, that you never did what you really wanted to do. View it as my turn. View it as an opportunity to transition and transform to a new way forward. That’s right for you. What’s right for me is to transition and transform to my new way forward, which is to get back fishing. You’ve been listening to a new way forward Vodcast with your host, Paul Long.
The Truth about Retiring Early (or anytime).