The Humans vs Retirement Podcast How our money can make us truly 'wealthy' in retirement with Dr Daniel Crosby
8 snips
Apr 24, 2023 AI Snips
Chapters
Transcript
Episode notes
Career Pivot From Therapy To Finance
- Daniel Crosby switched from clinical psychology to finance after burning out in therapy and seeking a different way to apply psychology.
- His father, a financial advisor, suggested he explore his work which introduced him to behavioral finance and shaped his career.
Retirement Removes Psychological Scaffolding
- Retirement often removes psychological scaffolding like structure, relationships, and purpose that work provides.
- Crosby argues people need not only means to retire but also a meaning to retire to, or they risk losing identity.
The 'Former Person' Story
- Crosby recounts a friend who became a 'former person' after exiting a business despite enormous wealth and status loss.
- The friend received business cards that labeled him 'former person', illustrating identity loss in retirement.