Retire Sooner with Wes Moss

Investing is difficult, and for some of us, it’s very hard to begin the process. Not only are we cautious of starting, but we can become cautious about staying in the market. The hesitancy some investors face stems from an inherent behavioral trait. The prewired trait can be either conquered or leave us in a vicious cycle that will ruin our chances at a return on our investment.In today’s podcast episode, Wes dives into loss aversion, the psychological makeup that makes investing so tough for humans. He also shares a personal experience regarding loss aversion, the pain of losing versus the pleasure of gaining, four steps that we can take to combat the inherent behavior, and how those steps can increase our investing success. Learn more about your ad choices. Visit megaphone.fm/adchoices

Life transitions can be exciting and challenging. Throughout our lives, we experience many changes and shifts that will impact our outlook on things. Some changes will take us out of our comfort zone, but experiencing them can help us learn how to cope. This philosophy goes for retirement as well.In this podcast episode, Wes interviews Nancy Schlossberg, former psychology professor, author, and co-president of TransitionWorks. During the episode, Nancy explains the importance of transitions in your life leading up to your retirement. She also shares her life experiences regarding change, different kinds of retirees, resources for coping with change, transition stages, and how the retirement process is affected by these transitions. Learn more about your ad choices. Visit megaphone.fm/adchoices

Should you stay? Should you go? Should you rent? Everyone wants to know! Real estate prices fluctuate constantly, making it challenging to predict where the prices will fall in years to come. The real estate market is dependent on a variety of factors.In this podcast episode, Wes examines the ever-changing housing market and where prices are headed in the future. He also dives into real estate trends, supply and demand, the factors that impact housing prices, the home price index, and home pricing comparisons from state to state.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Money can be a difficult subject for many. If we’ve learned anything from the pandemic, it’s that we are not always at fault for being financially unstable. Although no one is to blame for the turn of events, it is up to us to take control and determine a solution for recovering our finances, establishing security, and restoring wealth. In today’s episode, Wes interviews CEO and podcast host of Her Money, Jean Chatzky. Throughout the episode, Jean debunks some of the most common misconceptions about wealth and wealth building. Jean and Wes also discuss how money can impact your happiness, the major problems people face when repairing their finances, and the differences between men investors versus women investors. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is there an ideal moment to invest in the market? It’s a question that worries many investors each time they put money in the market. The answer to this question should be the same no matter what the market environment. During this episode, Wes shares his insights on the “perfect time” to kickstart your investment journey. He also compares investing at the best time versus investing at the worst time within the market, explains why participation is pivotal, and lays out how to control your investment itinerary. Source: Bloomberg L.P. Stocks are represented by the S&P 500, and cash equivalents by the Bloomberg Barclays U.S. Treasury Bill Index. Indexes are unmanaged, do not incur fees or expenses, and cannot be invested directly. This chart represents a hypothetical investment and is for illustrative purposes only. Dividends and interest are assumed to have been reinvested , and the example does not reflect the effects of taxes, expenses or fees. The actual annual rate of return will fluctuate with market conditions. Past performance is no guarantee of future results. This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations.  Investing involves risk, including the possible loss of principal. There is no guarantee offered that investment return, yield, or performance will be achieved.  There will be periods of performance fluctuations, including periods of negative returns and periods where dividends will not be paid.  Past performance is not indicative of future results when considering any investment vehicle. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.  Investment decisions should not be made solely based on information contained in this article. The information contained in the article is strictly an opinion and it is not known whether the strategies will be successful. There are many aspects and criteria that must be examined and considered before investing. Learn more about your ad choices. Visit megaphone.fm/adchoices

Money can impact your life in positive and negative ways. While many of us are mindful of our money, we don’t always realize how money influences our behavior. Understanding how money impacts behavior can help you reduce or prevent stress, fear, and scarcity. On today’s podcast episode, Wes sits down with Leisa Peterson, coach, mindset teacher, author, and podcast host of The Mindful Millionaire. Leisa shares her experiences with stress caused by scarcity of money growing up and kickstarting a method for saving more. She also covers abundance, conquering money mistakes, the importance of self-care, and the money tendencies of men versus women.  Learn more about your ad choices. Visit megaphone.fm/adchoices

A rewarding retirement is not just about having enough money to live comfortably. At the end of the day, there are some things that money can’t buy. Having social connectedness is essential to your longevity and happiness. Maintaining lifelong friend groups or social groups is key during this stage in your life, and traveling with these social connections can lead to your most fulfilling retirement.  On today’s podcast episode, Wes explains how social connectedness is vital for a happy retiree. He also dives into the softer side of planning for retirement, four happy retiree secrets of social connectedness, and shares his research on happy retirees versus unhappy retirees. Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to generating wealth, everyone wants to “get rich quick”. Little do people know, the easiest way to accomplish this is through a slow process and patience. As challenging as that sounds, no one sees the visible ups and downs of the wealth journey. Many seeking wealth only have eyes for the pot of gold at the end.  Today’s episode includes an interview with Brian Preston, a CFP, CPA, PFS, and founder of AboundWealth in Franklin, Tennessee. Brian is also the founder and host of the award-winning Money Guy Show, a podcast that has been broadcasting for over 15 years. Brian shares his top three steps toward wealth creation, three reasons for hiring a fee-only financial advisor, and the biggest blocks to avoid while creating wealth. Learn more about your ad choices. Visit megaphone.fm/adchoices

When it comes to retirement, we tend to think of things in black and white. In one stage, you’re working, and the next, you’re retired. Depending on what age you retire, this isn’t always the case. There are times when you find yourself in what’s called “the grey zone” of retirement.  In this episode, podcast host Wes Moss explains the Grey Zone of retirement for an early retiree. Retiring sooner can be a dream, but if you retire young enough to get a second career or transition job, then you should do so to ease into living off of your savings. Wes also shares a tool that he uses to navigate the zone and reviews the five steps for retiring sooner. Learn more about your ad choices. Visit megaphone.fm/adchoices

Just because you’re getting older doesn’t mean that you should stop your efforts for longevity. After all, planning for a happy retirement includes following core pursuits and socializing with family and friends. Aging is inevitable, but for those retiring it can be a concern. Planning your retirement with a life expectancy of 70 years old is different from planning for a life expectancy of 90 years old.In today’s episode, Wes interviews Dr. Andrew Steele, a London-based bio-gerontologist, writer, and campaigner as he explains some of the research behind his new book Ageless: The New Science of Getting  Older Without Getting Old. They discuss risk factors of diseases, such as cancer and dementia, the impact of excessive daily exercise, and why sleep is essential to your health. Learn more about your ad choices. Visit megaphone.fm/adchoices