Informed Choice Radio Personal Finance Podcast ICR160: Tim Drake, Generation Cherry
Are you part of Generation Cherry? This is the generation who benefited from free education and abundant employment opportunities, often with a gold-plated final salary pension too. They could afford to buy houses, but today find themselves asset rich and cash poor.
My guest for this episode of Informed Choice Radio is Tim Drake, author of the new book Generation Cherry.
Generation Cherry has been described as a toolkit for the new era. It’s full of practical steps for avoiding “retirement” and the grey slide towards death.
In the book, Tim explains why it’s so important to develop a fresh outlook on life. He details how to rethink our priorities, recognise our blessings, and take advantage of today’s new work landscape, rather than feeling trapped by it.
At its centre is an understanding that to live a life of meaning, variety and fulfilment, we need to take responsibility for how we think, feel, and act as individuals. We must build a grounded self-confidence – something that’s possibly wobbling at this point.
Generation Cherry will guide you through embracing Enlightened Thrift, something I discuss with Tim in this conversation.
In this episode of Informed Choice Radio, I speak to Tim about the key challenges faced by Generation Cherry today, steps we can take to regain conscious control, why longevity is a really positive development, not the bad news story portrayed by the press, and much more.
Welcome to Generation Cherry with Tim Drake, in episode 160 of Informed Choice Radio.
Some questions I ask:
-How do we define Generation Cherry? Is this the same cohort as the Baby Boomers?
-Can you describe the concept of enlightened thrift?
-What are some of the key challenges faced by Generation Cherry?
-How can people in this generation take positive, conscious control?
-Do you place an equal weight on each of the four autonomies?
-Why is improved longevity so often framed in such a negative light?
Useful links mentioned in this episode
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