The Psychology Behind Spending Money in Retirement with Dr Joy Lere

Summary

In this episode of the Human vs Retirement podcast, Dan explores the psychology behind spending money in retirement with licensed clinical psychologist and co-founder of Shaping Wealth, Dr. Joy Leary. Joy shares her journey from the clinical couch to the world of money and provides valuable insights on how our mindset affects our spending habits during retirement. Together, they discuss the behavioural and emotional challenges of life after work and draw on years of expertise and experience to offer practical and thoughtful solutions. Tune in for an insightful conversation on the psychological impacts of spending money in retirement.

What You'll Learn

• The psychological impacts of spending money in retirement
• The importance of understanding the psychology of money and how it impacts financial planning, balancing financial well-being with healthy spending habits
• The role of financial role models
• The challenges of transitioning from a regular income to retirement
• Taking advantage of our "go-go years" to spend money on what's important
• Balancing life span and health span
• The emotional and relational connections people have with money and assets
• The emotional attachment people have to their homes and how it can affect their financial decisions
• The importance of validation and knowledge when it comes to money decisions
• The importance of self-observation and experimentation in improving financial well-being
• Living life on one's own terms, investing in relationships, taking care of one's body, and getting enough sleep for a happy, healthy, and wealthy retirement.

More about us: www.humansvsretirement.com