Ready For Retirement Spend Guilt-Free: How to Shift from a Savings to Spending Mindset in Retirement
One of the most ironic things about retirement spending is that the people who have saved the most money are often the same ones that have the most difficult time spending that money.
We often think that if we save up enough money or build up enough of a portfolio that in retirement it will open up unlimited fun and enjoyment.
The reality is, for those who have saved well, one of the hardest things you'll find about retirement is the difficulty you'll likely face trying to spend some of that money.
James discusses how you how you can shift your savings mindset to a spending mindset.
Questions Answered:
Why is it so difficult to go from a savings mindset to a spending mindset?
How do we start making the shift with our mindset?
Timestamps:
0:00 Intro
4:57 James' perspective
7:48 Example
10:47 We need to realize this
14:52 How do we reframe?
16:58 Pillar 1
18:38 Pillar 2
19:19 Pillar 3
20:36 Pillar 4
22:25 Pillar5
24:34 Summary
27:18 Outro
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