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when people say, what do you do?

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I like to have an answer.

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I don't like the word I'm
retired because I do things.

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And I think I do things that mean a lot
to me and mean a lot to other people.

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And I enjoy having that option.

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So I call myself an on corepreneur.

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It's having.

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my hand in different things.

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Some of it for a fee, some of it's
for free, some of it's just for me.

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But it's not the same pressure
as someone who is an entrepreneur

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that has to make payroll that has
tremendous financial pressure on them.

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So the growth mindset, I mean, it's
ideal for all of us at any age and

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stage, but especially, I think we've
all been in places with maybe it's

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not money, maybe it's something else,
but we like, we figure we're stuck.

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It's never going to change.

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It's like, there's no way out of this.

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It's like you, you almost
resign yourself to.

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waking up in the morning,
slugging out another day and

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it's never going to be different.

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We just hope it leads somewhere.

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And there's no vision in that.

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But a growth mindset can start with
a vision like, what do I really want?

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if you're still working for money to
reach FI, try to make the best of it.

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Try to enjoy it as much as you can.

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It may be one of those professions
where, man, it's just like,

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can I just make it to the end?

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Because it's so demanding.

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And even then, just try to
look at the bright side.

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As long as you got to be there, you're
helping people and you're reaching

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FI, it's just going to take some time.

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Don't miss out on today just
because you're trying to reach FI.

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Hello, and welcome back
to catching up to FI.

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I'm Bill Yount with my
cohost, Becky Heptig.

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And today we're talking about
the soft sides of retirement.

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Again, we have a special guest that
Becky knows personally, and she's

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going to introduce our friend today.

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So today we're talking to Mark Ross.

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Mark Ross is a retired executive
and a rewired encorepreneur.

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Mark, I love that you give us
this whole new vocabulary here.

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A rewired encorepreneur who is pursuing
the life work and relationships

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that matter most in the second half.

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Mark is the owner of Next thing group LLC.

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He's an artist, a landscape architect,
a certified professional life and

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leadership coach credentialed with the
international coaching Federation and

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hold several other related certifications.

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Mark also serves as a team host with
the rock retirement club and strategic

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coach with the real life process.

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As a business coach, Mark
supports leaders, entrepreneurs,

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and business owners.

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He works with folks who appreciate
the value of having a quote, thought

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partner or coach as they navigate
transitions in their life and work.

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Mark retired in 2015 from a 30 year
career with primarily one employer.

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Mark and I met each other about
two and a half years ago at Roger

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Whitney's Rock Retirement Roundup in
Fort Worth, where Mark engages the

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community as one of the RRC coaches.

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And the really cool thing is Stephen and
I sat on the couch out in the lobby of

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the hotel one day and started chatting
and getting to know each other and

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found out our paths had crossed in so
many ways, including our life at Texas

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A& M University where that's actually
where Steven and I met and Mark and

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Steven's career in Houston actually
crossed paths several times, even though

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they never physically met each other.

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So that was really interesting.

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So today Bill and I want to dive into the
ideas of how to plan for and navigate the

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changes that come with the next season
of life that all of us in the Catching Up

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to FI community have on the near horizon.

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We want to help our
listeners prepare today.

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And make tomorrow great.

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Mark Ross, welcome to catching up to FI.

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Thank you, Becky.

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Thank you, Bill.

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And it's love this invitation.

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I love what y'all are doing.

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Ooh, it's so good.

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Well,

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Well, thank you very much.

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And it's nice of you to come on.

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I'm nowhere near.

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Well, I guess I'm near, but a little far
from the transitions you're talking about.

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You've achieved this transition.

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You're retired.

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Becky's achieved this transition.

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She's retired.

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I'm financially, a handful
of years away from this.

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And in the next couple of years, I
need to figure out what my purpose,

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meaning, identity and passions are
that transition me into the future.

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And to rocking retirement as
you guys are already doing.

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That's right.

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That's right.

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So Mark, let's start out by just give
us a little bit of your background.

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Just tell us a little bit
about who is Mark Ross.

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Sure.

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I, I grew up in Houston, Texas, and I
remember as a kid, I had an affinity

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toward visual things like the arts.

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And my grandmother was a
horticulturalist, a hobbyist.

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My dad was a building engineer and I
just, I grew up around that kind of stuff

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Shape things, build things and all that.

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So when college came around, I
thought, what do I want to do?

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My dad says, go into business.

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He said, what do you want to do?

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I said, be an artist.

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He said, no, let's get serious.

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And, and actually that was good advice.

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I didn't go into business.

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I went into landscape architecture,
which married all those things I was

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used to as a kid and started a career
where we owned a business, my brother

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and I, it was I won't go into all that,
but it was really a great experience.

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And then something happened.

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I got married.

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And I felt this heavy weight
of responsibility to get a

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job that felt somewhat stable.

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So I did.

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I went back to my alma mater
and asked for some help.

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And they pointed me in a direction
and I joined the Houston Park System.

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And planned to stay there a year.

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I thought government
would be way too slow.

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And it ended up being total, complete
chaos and, I deal well with chaos, but

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it was a love hate relationship at times.

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So I never planned this, but 30 years
later I was able to retire from there.

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It was never mapped out
or planned that way.

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That's the background there is
landscape architecture, married, have

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a family glad I took the path I did.

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and glad where I am right now
with some different choices.

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Awesome.

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there any unique financial elements
to your growth and upbringing?

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Did you get it right from the beginning
or did it take a while to figure it out?

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Right.

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I mean, right.

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I grew up fortunately with a work ethic.

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My parents said, here's what you do.

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If you want something, you, you
got to work for it and here's how

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you save and here's how you give.

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But I don't remember any talk at home
about finances, about Personal finance.

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I don't think it was neglected.

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It just wasn't a thing then.

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So I was in adulthood, middle years
before I even thought about retirement.

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What is that?

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Because I like to work.

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But there were days when I started
looking around saying, man, some of

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these people are stacking up some
Benjamins, as they say, and and I have

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this career where, it wasn't super,
super high paying at the time, but they

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had this thing called a pension, which.

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I really didn't think about too
much at all until one day when

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I started thinking about it.

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It started to come together in my fifties.

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So I really was in my fifties before I
started thinking about how can I reach

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a point where I could have more freedom.

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I didn't know what the
term at that time was.

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Fi, financial independence.

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But because I didn't really
want to retire, retire.

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But yeah, I didn't grow up
thinking about that kind of stuff.

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It just, it just kind of sort of happened.

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There's more to the story,
but I'll stop there.

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Well, you mentioned a pension and
a lot of us don't have one now.

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And how much of an impact did
that have on your retirement?

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I mean, what percentage of
your present income is that?

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And how much did you
have to save in addition?

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and were you a natural saver through?

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out your career, or did
that start later too?

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Because you succumbed to lifestyle
inflation, much like I did.

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I don't know if that's the case or not.

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Pension for me.

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Has played a huge part again.

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I didn't appreciate
what I had at the time.

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It was growing.

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Approximately covers about 65 percent
of our expenses and it wasn't until I

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was in my 50s early 50s that I really
started to think about personal finance.

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And when might I be able to retire?

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I had no help.

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There weren't that many
books out there at that time.

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There weren't podcasts like we have now.

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There weren't friends that
talk about this kind of stuff.

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So I was kind of in the,
well, I was in the dark.

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I just, I didn't know.

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And actually when I retired
from my position, I wasn't a

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hundred percent confident at all.

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I had worked with a financial planner.

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a fee.

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And he told me, yeah, if you could leave
at this age and earn some gap income

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until you turn 65, then you can turn
on Medicare and all that kind of stuff.

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And, I was just like, it went like this.

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Wah, wah, wah.

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I thought, I don't even
know what you're talking

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The peanuts version of financial literacy.

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exactly, exactly.

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So no, I was, I have to say,
I was diligent, I'm smart,

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but I was also ignorant.

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And I just didn't have the surrounding
like you offer and Becky and so

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many others to become savvy and not
just knowledge, but application.

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So I kind of, sort of.

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Tripped into retirement as such
and I was convinced I didn't have

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enough money when I left my career.

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I was just at a point where on paper
it was nonsense to leave, but in my

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heart I go, if I'm ever going to try
something new, now's the time to do it.

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I didn't jump into that.

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I eased into that.

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And I had enough confidence
that there was enough money.

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To bridge the gap, but I still didn't
have what we call in the rock retirement

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club, a plan of record that I had one, but
I didn't realize how weak it really was.

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So did your retirement, I'm sorry, did
your pension start when you retired?

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It did, which turned on an income
stream, and I also had when I say

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I, my wife and I, we pretty much a
one income earner family by choice.

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So we didn't have that,
that double income.

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We had one income with kids, not
a double income without kids.

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So, there were times where
it was pretty constrained

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for a while, but the pension started
upon my retirement, which is really

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what allowed me to step into that space.

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And the money we had saved and invested
became the gap income that we needed

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to make the difference each year.

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00:11:35,456 --> 00:11:38,216
and I have to say, that
was December of 2015.

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And now it's February of 2024.

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00:11:43,726 --> 00:11:46,446
I can't believe it's been that long.

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00:11:46,766 --> 00:11:50,866
and I had tremendous
trepidation in the beginning.

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00:11:51,096 --> 00:11:57,016
and I have to admit, I still had some
noticeable trepidation the first few years

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because whenever I get a paycheck once
a month through this pension, I would

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00:12:02,106 --> 00:12:04,186
pinch myself and say, is this really real?

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00:12:04,736 --> 00:12:06,096
Can I really trust this?

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00:12:06,506 --> 00:12:08,626
And, I don't really
worry about it anymore.

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I think about it.

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I don't dismiss that anything can happen.

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00:12:12,556 --> 00:12:16,256
So I have a backup plan for
that because I've learned a ton.

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00:12:16,756 --> 00:12:20,836
About personal finance post
retirement rather than pre retirement.

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00:12:22,706 --> 00:12:23,276
Gotcha.

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00:12:23,916 --> 00:12:24,386
So,

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00:12:24,566 --> 00:12:25,046
too late to

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00:12:25,206 --> 00:12:26,756
well, no, no, it's not.

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So, so you did have a pension,
but it didn't cover everything.

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00:12:30,696 --> 00:12:32,536
But it gave you a little
bit of confidence.

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00:12:32,726 --> 00:12:35,016
So I'm going to circle back a little bit.

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You said that you left employment,
even though it didn't make sense

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00:12:39,156 --> 00:12:44,196
on paper, because you had other
things you wanted to do and felt.

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If you were ever going to try
it, you needed to do it then.

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00:12:48,176 --> 00:12:52,186
But you planned on having other
sources of income, is that right?

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Well,

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where enough of it would come from for
a while But the financial planner I

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00:13:02,865 --> 00:13:07,255
worked with told me yeah, you probably
ought to plan on making 50k a year or

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00:13:07,255 --> 00:13:12,165
something like that until you turn 65 and
That was like, it was really bad advice.

237
00:13:12,415 --> 00:13:13,415
It really was.

238
00:13:13,455 --> 00:13:17,745
It was a misalignment with who I
selected to help me at that time.

239
00:13:17,755 --> 00:13:19,605
Be careful who you work with.

240
00:13:21,405 --> 00:13:27,755
Another thing you talk about that Becky
mentioned in The introduction, and

241
00:13:27,755 --> 00:13:33,305
you've alluded to this already, where
you said you rewired instead of retired.

242
00:13:33,595 --> 00:13:36,035
And it sounds like you
don't like the term retired.

243
00:13:36,365 --> 00:13:38,895
To me, it sounds like
you never really retired.

244
00:13:41,660 --> 00:13:45,100
I'll have to say, y'all in the
beginning, some of my friends who

245
00:13:45,100 --> 00:13:47,080
would say, Oh, you like retirement.

246
00:13:47,110 --> 00:13:49,740
And, and I would get defensive,
even though I'm a pretty.

247
00:13:50,470 --> 00:13:55,460
Passive guy on the surface and I'm sure
it showed on my face But it's like to

248
00:13:55,460 --> 00:13:59,640
me that was a fighting word because
retire The way I'm a literalist when it

249
00:13:59,640 --> 00:14:04,960
comes to certain words and that meant
retirements to withdraw To rock your life

250
00:14:04,960 --> 00:14:10,400
away not rock your life into something
new and so it's a hang up I had I don't

251
00:14:10,790 --> 00:14:13,170
I don't doesn't bother me much anymore.

252
00:14:13,170 --> 00:14:15,140
Someone says hey, are
you retired ago working?

253
00:14:15,540 --> 00:14:18,440
It's stuff I enjoy in
my retirement season.

254
00:14:18,520 --> 00:14:21,220
I play along with whoever's asking
me that question, but I don't like

255
00:14:21,220 --> 00:14:24,920
the word, and I think a lot of people
that are retired don't necessarily

256
00:14:24,920 --> 00:14:28,500
like the word, a better way to put
it is job optional or financially

257
00:14:28,500 --> 00:14:31,320
independent or recreational employment.

258
00:14:31,590 --> 00:14:36,360
So I do have a business that makes
money, but that word you mentioned

259
00:14:36,420 --> 00:14:39,145
earlier, Becky on corepreneur.

260
00:14:39,465 --> 00:14:44,605
It's like I finally reached a place
where I go, who am I now in this season?

261
00:14:44,605 --> 00:14:46,875
what's my identity.

262
00:14:46,905 --> 00:14:50,825
I know who I am as a person, but
when people say, what do you do?

263
00:14:50,855 --> 00:14:51,945
I like to have an answer.

264
00:14:52,055 --> 00:14:55,455
I don't like the word I'm
retired because I do things.

265
00:14:55,495 --> 00:15:00,075
And I think I do things that mean a lot
to me and mean a lot to other people.

266
00:15:00,105 --> 00:15:02,835
And I enjoy having that option.

267
00:15:03,315 --> 00:15:05,565
So I call myself an on corepreneur.

268
00:15:05,625 --> 00:15:06,535
It's having.

269
00:15:07,115 --> 00:15:08,445
my hand in different things.

270
00:15:08,445 --> 00:15:12,235
Some of it for a fee, some of it's
for free, some of it's just for me.

271
00:15:12,725 --> 00:15:17,805
But it's not the same pressure
as someone who is an entrepreneur

272
00:15:17,805 --> 00:15:23,525
that has to make payroll that has
tremendous financial pressure on them.

273
00:15:23,525 --> 00:15:24,445
It's it's everything.

274
00:15:24,505 --> 00:15:27,405
All the pressure I have on
me is put upon me by myself.

275
00:15:28,070 --> 00:15:33,180
And so, it's kind of like being an
entrepreneur without the same kind of

276
00:15:34,090 --> 00:15:36,690
pressures and it's all self imposed.

277
00:15:36,990 --> 00:15:37,980
I like what you said.

278
00:15:38,010 --> 00:15:41,160
You said, I do it for,
it's like the three F's.

279
00:15:41,160 --> 00:15:42,430
I do it for free.

280
00:15:42,760 --> 00:15:43,440
I do it.

281
00:15:43,470 --> 00:15:46,030
Well, not really the three
F's, but I do it for me.

282
00:15:46,230 --> 00:15:47,410
And what was the third one?

283
00:15:47,940 --> 00:15:49,680
Well, it's, it's the 3 things.

284
00:15:49,770 --> 00:15:54,740
Some of it's for a fee, some of it's
for free and some of it's just for me.

285
00:15:55,400 --> 00:15:57,830
And so that's, that's the
combination because I have that

286
00:15:57,830 --> 00:16:02,390
option and I don't really on the
fee part, it's not to pay for.

287
00:16:02,720 --> 00:16:06,080
Living expenses for family operations.

288
00:16:06,480 --> 00:16:10,270
I'm operations, meaning day to
day operations, not like physical.

289
00:16:10,510 --> 00:16:14,430
but there's things that I get to do and
people I get to meet in places I get to

290
00:16:14,430 --> 00:16:19,600
go because of the work that I've chosen to
do that otherwise wouldn't be happening.

291
00:16:20,000 --> 00:16:25,330
And I buy stuff that I want to buy
with that extra money that I make,

292
00:16:25,390 --> 00:16:29,810
like art, and I just replaced a bicycle
because the wheel wouldn't work.

293
00:16:29,810 --> 00:16:33,640
I said, okay, I'm not being wasteful, but
I go, I ain't going to mess with this.

294
00:16:33,660 --> 00:16:35,020
I'm just replacing the bicycle.

295
00:16:35,240 --> 00:16:38,750
I'm not going to fart around
with this wheel for six

296
00:16:38,750 --> 00:16:39,650
months trying to get it right.

297
00:16:39,650 --> 00:16:41,080
I'm just going to replace the bicycle.

298
00:16:41,410 --> 00:16:45,490
Things like that I can do because I've
chosen to have some human capital.

299
00:16:45,870 --> 00:16:46,800
Still at this time.

300
00:16:46,800 --> 00:16:50,890
So that's a long winded way
to say retirement's wonderful.

301
00:16:50,910 --> 00:16:53,780
It's a privilege not
as a world population.

302
00:16:53,780 --> 00:16:55,020
It's a rare thing.

303
00:16:55,510 --> 00:16:59,620
But it is, it is a skill set both for
the money side of the meaning side.

304
00:16:59,870 --> 00:17:01,550
Thankful for communities like this,

305
00:17:02,310 --> 00:17:06,800
So what amount, I mean, it sounds like
it's just play money or icing on the

306
00:17:06,800 --> 00:17:08,980
cake, your current retirement income.

307
00:17:09,240 --> 00:17:13,000
Do you use that to cover the 40 percent
or are you drawing down your portfolio?

308
00:17:13,700 --> 00:17:15,010
Drawing down the portfolio.

309
00:17:15,330 --> 00:17:21,060
I don't use it for any what I
would say needs or wants other

310
00:17:21,060 --> 00:17:26,300
than some luxuries Really, a lot
of it I put back into myself.

311
00:17:26,350 --> 00:17:29,420
I join educational opportunities.

312
00:17:29,440 --> 00:17:33,610
I go travel to be with people
that are doing interesting things.

313
00:17:34,020 --> 00:17:34,720
that's really it.

314
00:17:34,760 --> 00:17:36,560
And I'll have to say this that.

315
00:17:37,340 --> 00:17:41,940
And listeners that have experienced
this understand it, that there's a

316
00:17:41,940 --> 00:17:47,310
lot of things we can do voluntarily
and if you have the freedom to do

317
00:17:47,310 --> 00:17:51,940
it, and there's also certain things
that you're going to do a certain

318
00:17:51,940 --> 00:17:53,470
way if you're getting paid for it.

319
00:17:53,630 --> 00:17:57,750
So it keeps me disciplined for
the coaching practice that I

320
00:17:57,760 --> 00:18:02,910
have to continuing my education,
my skillset, my learning.

321
00:18:03,325 --> 00:18:07,495
when I show up to serve clients, whether
they're private client or in the club

322
00:18:07,505 --> 00:18:11,905
where I work as a facilitator I show
up a certain way with a certain skill

323
00:18:11,905 --> 00:18:17,525
set that that's with ongoing learning
because it helps me continue to grow

324
00:18:17,525 --> 00:18:20,935
and learn and develop and it serves
the others well with excellence.

325
00:18:21,105 --> 00:18:26,815
Otherwise, my human nature would be,
oh, halfway is good enough, it's so when

326
00:18:26,815 --> 00:18:31,820
I'm getting paid for something, I bring
a different part of who I am to it.

327
00:18:31,840 --> 00:18:35,390
And I, I love that challenge.

328
00:18:35,620 --> 00:18:39,410
And I also know that it's a trade
off at times because I hear other

329
00:18:39,410 --> 00:18:41,770
people talking about, I just
went to Bali for three weeks.

330
00:18:42,070 --> 00:18:45,540
Well, I'd have to make some special
arrangements to go to Bali for

331
00:18:45,540 --> 00:18:48,360
three weeks and just blow off
everything I've committed to and

332
00:18:48,390 --> 00:18:50,080
in a good way in a right way.

333
00:18:50,110 --> 00:18:53,960
But I know that I can see, I don't
have a need to go to Bali right now.

334
00:18:53,960 --> 00:18:56,670
But if I said, if I want to go
somewhere for three weeks, I know I

335
00:18:56,670 --> 00:18:58,130
could make the arrangements to do it.

336
00:18:58,140 --> 00:18:59,730
It's not that hard to do.

337
00:19:00,945 --> 00:19:06,065
Mark, I wanted to, Maybe turn this
and look at a different side of it.

338
00:19:06,595 --> 00:19:12,935
There are probably people in our audience
that are waking up late, like Bill and I

339
00:19:12,935 --> 00:19:18,765
did looking at their finances going, Oh
my gosh, now what, I've created this mess.

340
00:19:18,825 --> 00:19:19,805
Now, what do I do with it?

341
00:19:20,425 --> 00:19:24,005
And they look at their numbers
and they may be discouraged.

342
00:19:24,510 --> 00:19:28,950
Thinking I'm going to have
to work until I'm 70 or 75.

343
00:19:28,950 --> 00:19:31,520
I can't, or maybe I can't ever retire.

344
00:19:31,740 --> 00:19:35,070
There was a day when I thought, we're
not ever going to be able to retire.

345
00:19:35,510 --> 00:19:42,100
So the fact that you have become an
on corepreneur that you rewired you.

346
00:19:42,875 --> 00:19:49,005
did a redo, and you've recharged
literally what you love to do.

347
00:19:49,255 --> 00:19:51,915
You, you moved from what you had
to do to what you love to do.

348
00:19:52,745 --> 00:19:58,065
Even though you're not using that income
for daily operations, do you think that it

349
00:19:58,065 --> 00:20:03,515
would be possible for someone to follow a
similar path that you did thinking, Okay.

350
00:20:04,045 --> 00:20:07,625
I still need to bring in income,
but maybe I don't have to do it in

351
00:20:07,635 --> 00:20:10,395
the grind that I'm doing right now.

352
00:20:10,415 --> 00:20:12,995
Maybe I do not have to
grind for 20 more years.

353
00:20:13,015 --> 00:20:17,655
I can rewire  and look more
at what I'm passionate about,

354
00:20:17,675 --> 00:20:19,385
but still bring in income.

355
00:20:21,020 --> 00:20:23,560
Oh, I believe that's very possible.

356
00:20:23,560 --> 00:20:28,840
And, for a lot of us in our fifties,
give or take, it's like it becomes a

357
00:20:28,840 --> 00:20:34,650
necessity to figure out new ways to
generate income for a variety of reasons.

358
00:20:34,700 --> 00:20:39,040
I was a member of a community for
a while called career pivot, and

359
00:20:39,040 --> 00:20:44,990
it was full of people in their 50
ish age range, different places

360
00:20:44,990 --> 00:20:47,010
in life, but there's one common.

361
00:20:48,740 --> 00:20:51,970
that they wanted more time,
freedom, more flexibility.

362
00:20:54,405 --> 00:20:56,115
having to find new employment.

363
00:20:56,305 --> 00:21:00,235
Some of them were looking at
the option of changing what they

364
00:21:00,235 --> 00:21:02,675
were doing to be more flexible.

365
00:21:03,085 --> 00:21:08,285
But they were all on their own individual
journeys and they were finding new ways to

366
00:21:08,285 --> 00:21:10,835
do work either by necessity or by choice.

367
00:21:11,375 --> 00:21:17,355
So one of the reasons I've read why
numbers are so high for people in

368
00:21:17,355 --> 00:21:20,935
their fifties and sixties becoming
entrepreneurs is because they can't find

369
00:21:20,935 --> 00:21:23,685
a job, so they have to create something.

370
00:21:24,140 --> 00:21:27,400
Some kind of gig economy
assignment, self assignment.

371
00:21:27,410 --> 00:21:32,390
But no, I think in, in the rock retirement
world, we call that pre retirement.

372
00:21:32,780 --> 00:21:36,600
You can say, okay, I'm gonna
do something to earn some gap

373
00:21:36,600 --> 00:21:38,230
income, which was really my path.

374
00:21:38,230 --> 00:21:40,730
I said, I need to do
something to earn gap income.

375
00:21:40,990 --> 00:21:44,400
What I didn't know if I had known
better at the time was I didn't

376
00:21:44,400 --> 00:21:47,680
need to earn as much to cover
operations as I thought I did.

377
00:21:47,680 --> 00:21:49,990
So it put a lot of undue pressure on me.

378
00:21:50,270 --> 00:21:52,470
Those first three years in retirement.

379
00:21:52,530 --> 00:21:56,830
So I didn't really consider myself
retired as much as trying something

380
00:21:56,830 --> 00:21:59,380
new with some pressure on top.

381
00:21:59,390 --> 00:22:05,210
But yeah, I think people, the better
we understand ourselves and our

382
00:22:05,210 --> 00:22:09,220
skill set and our interest in our
opportunities, the more of a chance

383
00:22:09,220 --> 00:22:11,830
we have to do this kind of thing.

384
00:22:11,850 --> 00:22:12,830
And I think it is.

385
00:22:13,480 --> 00:22:20,660
ironically easier when we no
longer have the opportunity to work

386
00:22:20,660 --> 00:22:22,110
where we were working, perhaps.

387
00:22:22,570 --> 00:22:24,050
Maybe we were laid off.

388
00:22:24,070 --> 00:22:26,500
Maybe we were resourced out.

389
00:22:26,510 --> 00:22:30,000
Maybe we, who knows, but
then you don't have a choice.

390
00:22:30,050 --> 00:22:31,150
You got to get after it.

391
00:22:31,640 --> 00:22:36,260
And those who are well paid and,
but they're just like, Oh, it's just

392
00:22:36,260 --> 00:22:38,330
becoming, which is what happened to me.

393
00:22:38,340 --> 00:22:44,390
It was becoming harder and harder to
24 seven responsibility of operations.

394
00:22:45,105 --> 00:22:50,075
The politics involved the
expectations, the uncertainty.

395
00:22:50,095 --> 00:22:52,605
It's like, it was wearing me down.

396
00:22:52,935 --> 00:22:56,195
And that's why I said, you
know what, I'm going to take a

397
00:22:56,195 --> 00:22:57,995
chance and try something new.

398
00:22:58,485 --> 00:23:02,455
And it's not going to pay nearly as
much, but who knows what will happen.

399
00:23:02,465 --> 00:23:06,915
And for me, it was like, I'm
not saying it was all easy, but

400
00:23:06,915 --> 00:23:09,345
it was the best choice for me.

401
00:23:09,365 --> 00:23:12,735
So yes, I think that that
opportunity is there.

402
00:23:13,400 --> 00:23:15,120
you transitioned into coaching.

403
00:23:15,450 --> 00:23:19,220
It sounds like prior to retirement,
you pre planned for this.

404
00:23:19,220 --> 00:23:20,510
Did you take courses?

405
00:23:20,740 --> 00:23:21,980
Did you get certified?

406
00:23:22,270 --> 00:23:25,900
And then tell us a little
about your coaching practice.

407
00:23:26,220 --> 00:23:27,070
Who do you coach?

408
00:23:27,070 --> 00:23:27,730
What do you coach?

409
00:23:27,730 --> 00:23:29,580
Is it financial coaching?

410
00:23:29,980 --> 00:23:34,900
how did that transition come about
and how much joy do you feel in

411
00:23:34,900 --> 00:23:36,520
doing something completely different?

412
00:23:37,950 --> 00:23:45,080
Yeah and this involves a little bit of
quick high level story in my early 50s.

413
00:23:45,130 --> 00:23:47,070
I started having this sense of unrest.

414
00:23:47,100 --> 00:23:51,220
Like, I want to do something
new, but I feel kind of stuck.

415
00:23:51,290 --> 00:23:52,350
I wonder what I could do.

416
00:23:52,350 --> 00:23:53,930
I've been doing this for so long.

417
00:23:53,940 --> 00:23:55,080
It's all management.

418
00:23:55,520 --> 00:23:58,190
And when you're in leadership and
management, you got to get results

419
00:23:58,190 --> 00:24:00,210
through your team, through others.

420
00:24:00,600 --> 00:24:02,470
And sometimes you lose
touch with yourself.

421
00:24:02,470 --> 00:24:07,410
Like, what can I do myself with my own
hands or my own mind where I'm completely

422
00:24:07,410 --> 00:24:09,790
responsible for that kind of skillset.

423
00:24:10,580 --> 00:24:12,410
And I started thinking
about what could I do?

424
00:24:12,410 --> 00:24:16,340
And I talked to some people and
they all smart people who own

425
00:24:16,340 --> 00:24:17,740
businesses, companies and all that.

426
00:24:17,750 --> 00:24:18,980
They all told me the same thing.

427
00:24:19,300 --> 00:24:21,790
It's good that you're starting this
when you're a little bit younger.

428
00:24:22,720 --> 00:24:23,780
To move in this direction.

429
00:24:23,800 --> 00:24:27,850
It's good that you're not waiting
till you're 65 or 70 to to start

430
00:24:27,880 --> 00:24:29,180
marching in this direction.

431
00:24:29,580 --> 00:24:34,720
So I thought, what do I really like
to do that I might want to do more of?

432
00:24:34,770 --> 00:24:39,210
And, and it dawned on me that
I really enjoyed helping people

433
00:24:39,210 --> 00:24:40,740
and projects move forward.

434
00:24:41,370 --> 00:24:46,070
And I liked, the conversations that
would foster that kind of progress.

435
00:24:46,530 --> 00:24:48,140
And I didn't have a name for it.

436
00:24:48,320 --> 00:24:51,160
And a friend of mine
was an executive coach.

437
00:24:51,180 --> 00:24:52,520
And I didn't know what that was.

438
00:24:52,570 --> 00:24:53,330
I didn't know what it meant.

439
00:24:53,340 --> 00:24:57,890
But he had lunch with me one day
and I asked him about his work

440
00:24:57,890 --> 00:24:59,570
and he explained what he did.

441
00:24:59,790 --> 00:25:04,020
And I told him what I was wrestling with.

442
00:25:04,020 --> 00:25:05,950
And I said, Can you help me?

443
00:25:05,960 --> 00:25:07,840
He said, Well, let me give you this book.

444
00:25:07,840 --> 00:25:08,890
I have it out my car.

445
00:25:08,900 --> 00:25:09,690
He went and got it.

446
00:25:10,080 --> 00:25:14,310
It's called Don't Retire, Rewire,
and it was all that stories about

447
00:25:14,310 --> 00:25:20,020
people just like me who were wrestling
with this midlife kind of stuff in

448
00:25:20,020 --> 00:25:26,000
their 50s and what they went through
to figure out what to do next.

449
00:25:26,070 --> 00:25:32,440
And it boiled down to understanding
what drives you, and we call this

450
00:25:32,440 --> 00:25:36,180
today needs and values, or at least
needs, but I call them drivers.

451
00:25:36,590 --> 00:25:40,580
No matter what you do, where you are,
what you, what you're going about,

452
00:25:41,080 --> 00:25:44,580
if you know what these drivers are,
and I know what mine are because I

453
00:25:44,580 --> 00:25:49,080
figured it out, it'll help you make
better decisions about everything else.

454
00:25:49,330 --> 00:25:57,270
So I I got to a place where I
met someone else, Dan Miller

455
00:25:57,460 --> 00:25:59,430
who recently passed sadly.

456
00:25:59,990 --> 00:26:03,810
And he wrote the book 48 days
to the work and life you love.

457
00:26:04,530 --> 00:26:07,760
And I sent in an application
for him to coach me.

458
00:26:08,220 --> 00:26:11,860
And I was astonished that he said,
sure, because he likes to work

459
00:26:11,860 --> 00:26:15,120
with people at that time who were
working through these issues.

460
00:26:15,130 --> 00:26:17,830
So anyway, that was my first
exposure to real coaching.

461
00:26:18,370 --> 00:26:20,390
He helped me figure out I'm not stuck.

462
00:26:20,930 --> 00:26:22,590
There are new possibilities.

463
00:26:22,600 --> 00:26:25,460
And here's everyone
listening, lean in now.

464
00:26:25,760 --> 00:26:30,500
He introduced me to his world of
other people that have made all

465
00:26:30,500 --> 00:26:36,590
the difference to me since that
time, because that was a seedbed

466
00:26:36,650 --> 00:26:39,620
of opportunity to begin to connect.

467
00:26:39,620 --> 00:26:42,860
So I joined a mastermind
group that he initiated.

468
00:26:43,320 --> 00:26:45,860
And I've been in that for 10 years now.

469
00:26:46,230 --> 00:26:48,890
But here I joined that two
years before I retired.

470
00:26:48,890 --> 00:26:54,530
So I was building a bridge into this
new world before I left that world.

471
00:26:54,580 --> 00:26:59,710
So I would have new community new
connections and the starting point,

472
00:26:59,740 --> 00:27:04,570
I just had a starting place and
that was get some coach training.

473
00:27:05,170 --> 00:27:07,830
So I won't go into all the
detail of how that progressed,

474
00:27:07,850 --> 00:27:09,980
but that was my starting place.

475
00:27:10,515 --> 00:27:15,865
And I will say I learned one thing
pretty quickly that the folks that

476
00:27:15,865 --> 00:27:21,335
were maintaining all the grounds in
the esplanades and the boulevards

477
00:27:21,745 --> 00:27:26,065
and the lawns that I would see as I
drove back from my temporary office

478
00:27:26,065 --> 00:27:29,105
at Starbucks every day were making
a whole lot more money than I was

479
00:27:29,835 --> 00:27:31,645
when I started my coaching practice.

480
00:27:31,825 --> 00:27:35,635
And it made me wonder what in
the heck am I, what am I doing?

481
00:27:35,845 --> 00:27:37,865
I'm spending money, not making money.

482
00:27:38,355 --> 00:27:42,195
But I stuck with it over time,
and now it's working out great.

483
00:27:42,695 --> 00:27:45,205
Well, I'd like to know,
is it entrepreneurs that

484
00:27:45,205 --> 00:27:45,965
want to start a business?

485
00:27:45,965 --> 00:27:47,265
You said projects.

486
00:27:47,765 --> 00:27:51,020
Yeah so the kind of, I
initially thought I'd work with.

487
00:27:51,610 --> 00:27:54,730
people who were retiring that
just wanted to organize their

488
00:27:54,730 --> 00:27:56,370
time and do something important.

489
00:27:56,890 --> 00:28:00,340
And then, it didn't take me long to
figure out that most of the people

490
00:28:00,340 --> 00:28:02,570
that were retiring were retiring.

491
00:28:02,970 --> 00:28:09,090
they didn't want to think about doing
something new or exciting other than

492
00:28:09,090 --> 00:28:10,415
they thought they wanted to travel.

493
00:28:11,095 --> 00:28:14,835
And count their money, which is
great, but that's, I couldn't

494
00:28:14,845 --> 00:28:17,285
make much of a dent in that.

495
00:28:17,525 --> 00:28:21,345
So over time, what I've, what I've
discovered is I have a variety

496
00:28:21,345 --> 00:28:22,685
of people I like to work with.

497
00:28:23,035 --> 00:28:24,945
Usually there's one common theme.

498
00:28:24,945 --> 00:28:28,145
They're in some kind of big
transition, either it's forced

499
00:28:28,145 --> 00:28:30,095
on them or it's self imposed.

500
00:28:30,615 --> 00:28:36,805
And they appreciate having a growth
mindset and a thought partner with a skill

501
00:28:36,805 --> 00:28:41,985
set, in this case, professional coaching,
to help them think through the answers

502
00:28:41,985 --> 00:28:45,395
they already have, but it helps to have
someone help you think through that.

503
00:28:45,765 --> 00:28:47,425
So I help them navigate change.

504
00:28:47,425 --> 00:28:49,695
I help them turn the ship.

505
00:28:49,725 --> 00:28:51,765
I help them gain some ground.

506
00:28:51,765 --> 00:28:53,955
I help them build momentum.

507
00:28:54,225 --> 00:28:57,045
And we can all try to do that by
ourselves, but I've had a coach.

508
00:28:57,635 --> 00:29:01,675
Since my first coach, Dan, for
the last 10 years, I've always

509
00:29:01,675 --> 00:29:05,695
had a coach for one reason or
another, and I just, I need that.

510
00:29:05,945 --> 00:29:09,405
It's, it's, coaching isn't
therapy, but it can be therapeutic.

511
00:29:09,855 --> 00:29:12,565
It's not consulting, but
it can be consultative.

512
00:29:13,075 --> 00:29:17,905
It's it's just a great place to get
some routine help along the way.

513
00:29:18,455 --> 00:29:21,485
But not everybody, not everybody
appreciates that or wants

514
00:29:21,485 --> 00:29:22,515
it, and that's, that's good.

515
00:29:23,270 --> 00:29:29,270
So you've definitely benefited from
having a coach and then, but it

516
00:29:29,270 --> 00:29:32,310
sounds like that's what you have
turned around and done is you have

517
00:29:32,310 --> 00:29:35,180
become a coach for other people.

518
00:29:35,190 --> 00:29:36,070
I love that.

519
00:29:36,170 --> 00:29:41,720
That reminds me of something that
I as my children were coming into

520
00:29:41,730 --> 00:29:46,750
young adulthood, I would always tell
them, find somebody smarter than you.

521
00:29:46,860 --> 00:29:50,780
There's always someone around
you that's smarter than you are.

522
00:29:51,010 --> 00:29:51,470
So.

523
00:29:51,845 --> 00:29:53,155
Take advantage of that.

524
00:29:53,235 --> 00:29:57,835
and I didn't call it coaching, but
basically, surround yourself with

525
00:29:57,835 --> 00:29:59,985
people that you can learn from.

526
00:30:00,725 --> 00:30:06,545
And that sounds like what you've done on
both sides of the picture of your life.

527
00:30:06,565 --> 00:30:08,835
That's really, that's really interesting.

528
00:30:09,185 --> 00:30:13,995
I usually work with, with clients
that are smarter than I am, but, but

529
00:30:14,005 --> 00:30:16,675
the beauty about coaching is I don't
have to be smarter than they are.

530
00:30:16,675 --> 00:30:20,195
I just need to be skilled in my
skill set to help them turn the ship.

531
00:30:20,225 --> 00:30:24,495
So yeah, it, it has involved some
people, some clients that are leaving

532
00:30:24,495 --> 00:30:28,145
their career and they, they want some
help crossing the river, so to speak.

533
00:30:28,165 --> 00:30:32,675
They, it's just, they've been
really plowing the ground for

534
00:30:32,675 --> 00:30:34,945
a long time and it's scary.

535
00:30:35,345 --> 00:30:39,125
To stop what you're doing and start
something new and they've worked

536
00:30:39,125 --> 00:30:42,965
with enough consultants and help
over the years where they go, Oh,

537
00:30:42,965 --> 00:30:46,145
this would be valuable to have
someone help me think this through.

538
00:30:46,595 --> 00:30:51,005
And kind of lock arms as we
move through this together.

539
00:30:51,075 --> 00:30:55,805
I don't tell them how to do it, but
I can show them what has worked with

540
00:30:55,805 --> 00:30:57,655
me, with other clients and so forth.

541
00:30:57,665 --> 00:31:04,145
So it's kind of a, at times it can be kind
of a consultative coaching relationship

542
00:31:04,175 --> 00:31:10,475
where I have some experience and they
appreciate that aspect of it as well,

543
00:31:10,475 --> 00:31:12,735
but I don't, I don't give them formulas.

544
00:31:12,775 --> 00:31:13,695
I don't have a formula.

545
00:31:13,705 --> 00:31:14,755
I have a process.

546
00:31:15,675 --> 00:31:18,055
You talked about masterminds, too.

547
00:31:18,055 --> 00:31:21,839
And, it's something I've been
circumferentially involved in.

548
00:31:22,289 --> 00:31:23,909
I understand the value of it.

549
00:31:24,269 --> 00:31:27,669
But tell us a little bit about that,
because we're actually catching up to

550
00:31:27,759 --> 00:31:33,769
FI thinking about starting a mastermind
for people that are waking up in shock.

551
00:31:34,054 --> 00:31:39,104
And you'd help navigating the initial
and mid phases of catching up to

552
00:31:39,104 --> 00:31:45,704
fi tell us about value you've seen
in masterminds and how it relates

553
00:31:45,704 --> 00:31:47,324
to or is different from coaching.

554
00:31:48,699 --> 00:31:52,599
Yeah, the Mastermind, it,
it depends on how a certain

555
00:31:53,144 --> 00:31:55,389
Mastermind defines themselves.

556
00:31:56,214 --> 00:32:02,374
And they're, they're kind of masterminds
where people join for a pretty, I wouldn't

557
00:32:02,374 --> 00:32:06,864
say immediate, but a not too distant
in the future return on investment.

558
00:32:07,324 --> 00:32:11,654
It may be for business purposes to up
their game, and this is a collection

559
00:32:11,654 --> 00:32:13,484
of people who are doing the same thing.

560
00:32:13,494 --> 00:32:16,324
Someone leads it, and you
can learn together and grow.

561
00:32:16,564 --> 00:32:21,054
You share connections
and contacts and content.

562
00:32:21,559 --> 00:32:24,589
and lock arms along the way.

563
00:32:24,919 --> 00:32:30,069
That, that's one kind, the kind that
that I've been a part of is different

564
00:32:30,069 --> 00:32:36,339
kinds of people doing business,
different kinds of businesses, a variety.

565
00:32:37,369 --> 00:32:42,309
It's also about doing life together
building relationships, sharing

566
00:32:42,359 --> 00:32:47,139
information that can help each other and
what their goals are helping us find ways

567
00:32:47,139 --> 00:32:49,099
to hold ourselves accountable without.

568
00:32:49,574 --> 00:32:55,544
Someone being responsible for holding
us accountable, but I would say , be

569
00:32:55,544 --> 00:32:59,764
sure you understand what the intention
of the mastermind is and there, there

570
00:32:59,764 --> 00:33:04,784
are some pretty low cost masterminds and
you remember you get what you pay for.

571
00:33:05,174 --> 00:33:06,024
And there is some.

572
00:33:06,294 --> 00:33:10,764
Like, way out there, expensive
masterminds and some others in between.

573
00:33:11,394 --> 00:33:15,304
But know what you want and why you want
it before you join is what I'd say.

574
00:33:15,314 --> 00:33:21,744
And for what you just described, Bill,
it seems like, man, whether it's the

575
00:33:21,744 --> 00:33:27,064
rock retirement club or catching up
to fi or go down the list of other

576
00:33:27,174 --> 00:33:28,994
options that are available today.

577
00:33:29,244 --> 00:33:35,444
If I had had something like that, when
I was struggling with, do I have enough

578
00:33:35,444 --> 00:33:37,624
money, who's this financial planner?

579
00:33:37,624 --> 00:33:39,944
Can he really help me see the right one?

580
00:33:41,299 --> 00:33:43,119
Let me talk to my wife about this.

581
00:33:43,439 --> 00:33:45,049
Let me talk to my friends about this.

582
00:33:45,049 --> 00:33:46,709
Let me talk to my pastors about this.

583
00:33:47,329 --> 00:33:48,869
They weren't in the same place.

584
00:33:49,139 --> 00:33:54,589
So, people that have this common
interest, like catching up to FI, it's

585
00:33:54,589 --> 00:33:57,049
like, wow, this is like a goldmine.

586
00:33:57,209 --> 00:34:00,644
It's just like, Has a
lot of potential there.

587
00:34:01,204 --> 00:34:06,154
Do

588
00:34:07,099 --> 00:34:09,144
out.

589
00:34:11,094 --> 00:34:16,354
There are templates for how, how do
you organize or how you can organize

590
00:34:16,484 --> 00:34:21,434
a mastermind and, and maybe not
adopt it, but adapt it for your use.

591
00:34:21,434 --> 00:34:25,724
But when you're clear on what
you want to provide and foster

592
00:34:25,724 --> 00:34:31,814
in this mastermind, putting it
together is not nearly as onerous.

593
00:34:33,584 --> 00:34:37,274
I know I've benefited from just
surrounding myself with like

594
00:34:37,274 --> 00:34:42,124
minded people in different areas
of my life, not just my money.

595
00:34:42,254 --> 00:34:44,504
But yeah, that's always great.

596
00:34:44,904 --> 00:34:45,334
So yeah.

597
00:34:45,835 --> 00:34:50,905
want to ask you a question and I don't
think you mind talking about your age, but

598
00:34:51,105 --> 00:34:55,765
I know since we were at Texas A& M at the
same time that we are about the same age.

599
00:34:56,245 --> 00:35:01,435
So you've been at this
FI thing for a while now.

600
00:35:01,585 --> 00:35:03,585
So how has that worked out?

601
00:35:03,585 --> 00:35:08,245
Because you talked about the unrest you
had in your fifties, but if you don't

602
00:35:08,255 --> 00:35:10,885
mind telling us how old you are now.

603
00:35:11,535 --> 00:35:11,985
Oh, yeah.

604
00:35:12,475 --> 00:35:19,125
I just turned 59 in November of the year
I retired and I psychologically, I don't

605
00:35:19,125 --> 00:35:26,005
know what it was, but I thought, I want to
leave this part of my work in my fifties.

606
00:35:26,255 --> 00:35:30,765
So I did when I was 59 and 3 months or
something like that, 59 and 2 months.

607
00:35:31,095 --> 00:35:32,105
Now I'm 67

608
00:35:32,225 --> 00:35:34,765
But 59 and a half is the where
you're supposed to retire.

609
00:35:37,355 --> 00:35:42,395
Well, I knew about that  and the
value of that and in my employment,

610
00:35:42,415 --> 00:35:47,575
you had to be 55 to touch some
of that 457 money at that time.

611
00:35:47,975 --> 00:35:50,025
Unfortunately, I didn't
need it right away.

612
00:35:50,455 --> 00:35:52,075
This is a quick story.

613
00:35:52,345 --> 00:35:54,145
Well, it may make some people mad.

614
00:35:54,165 --> 00:35:55,125
I don't know if I should tell it.

615
00:35:55,505 --> 00:35:55,975
Oh, tell

616
00:35:56,100 --> 00:35:56,870
okay, listen,

617
00:35:56,980 --> 00:35:57,910
Oh, absolutely.

618
00:35:57,910 --> 00:35:58,800
We love stories.

619
00:35:59,480 --> 00:36:02,590
Yeah, look for things
that happen in your life.

620
00:36:02,945 --> 00:36:07,555
And you don't think much about them at
the time, but over time you look back

621
00:36:07,555 --> 00:36:11,515
and go, wow, that was so fortunate.

622
00:36:12,125 --> 00:36:16,919
And so when I started that job that
I had for the 30 years, remember

623
00:36:16,919 --> 00:36:18,139
I was going to do it for a year.

624
00:36:18,449 --> 00:36:20,829
Cause I thought I'd be
bored, but it was chaos.

625
00:36:20,839 --> 00:36:21,879
So I wasn't bored.

626
00:36:21,879 --> 00:36:22,789
I was challenged.

627
00:36:23,309 --> 00:36:26,242
By the way, it was always chaos,
but at different levels, but

628
00:36:26,242 --> 00:36:27,382
I never got bored with it.

629
00:36:28,462 --> 00:36:31,852
But my boss at that time, after I
interviewed, he called me and said, Hey.

630
00:36:32,392 --> 00:36:37,202
If you can start three days later
or earlier than you had planned to

631
00:36:37,202 --> 00:36:41,022
come in, we have this program where
you can get paid for all your sick

632
00:36:41,022 --> 00:36:43,432
and vacation time when you leave.

633
00:36:43,432 --> 00:36:45,432
And I'm thinking, okay,
here's what I heard.

634
00:36:45,672 --> 00:36:47,472
We need you here three days earlier.

635
00:36:47,912 --> 00:36:49,722
I didn't know what he was talking about.

636
00:36:49,812 --> 00:36:52,752
What is sick and vacation time later?

637
00:36:52,852 --> 00:36:54,452
I'm not staying there more than a year.

638
00:36:54,822 --> 00:36:56,522
I said, sure, no problem.

639
00:36:56,882 --> 00:36:59,772
So when I left, I actually got paid.

640
00:37:00,392 --> 00:37:04,022
An extra paycheck for a year
for all my second vacation time,

641
00:37:04,022 --> 00:37:06,942
which I didn't use a ton of that.

642
00:37:06,952 --> 00:37:12,122
So I got a lump sum payment that
really paid for 2 years of gap money

643
00:37:12,542 --> 00:37:15,602
when I left, but I had no idea.

644
00:37:16,562 --> 00:37:19,982
I mean, I had no idea what
that was when I said, yes, so.

645
00:37:20,312 --> 00:37:23,852
Looking back, and I can name other
things that have happened along the way

646
00:37:23,852 --> 00:37:29,707
that helped me with reaching fi that
like someone says my my dad said why

647
00:37:29,707 --> 00:37:31,367
don't you start contributing to that

648
00:37:31,367 --> 00:37:36,467
457 plan beyond your
pension, I go Whatever.

649
00:37:36,467 --> 00:37:37,327
I can't afford that.

650
00:37:37,337 --> 00:37:40,677
It's like $25 minimum
a month or a paycheck.

651
00:37:41,077 --> 00:37:43,257
And I remember telling my wife about it.

652
00:37:43,257 --> 00:37:48,387
She said, we can't afford that, that's
$25 of Every two weeks and I go yeah,

653
00:37:48,387 --> 00:37:52,667
but we can't afford not to so I pushed
the button and and so when I left there,

654
00:37:53,257 --> 00:37:55,907
again, I wasn't gonna stay there very
long, but when I left there, there was

655
00:37:55,997 --> 00:38:02,317
another $70,000 from just I mean, I upped
it over time, but the point in saying

656
00:38:02,317 --> 00:38:08,697
that is that put some here, put some
there have some kind of system and it.

657
00:38:09,872 --> 00:38:15,672
Time goes fast and if you're getting
started later, you have less time, but

658
00:38:15,922 --> 00:38:17,522
tomorrow you'll have even less time.

659
00:38:17,532 --> 00:38:19,052
The day after that, you'll have less time.

660
00:38:19,062 --> 00:38:25,722
Just start, just do something, just
something, it adds up over time.

661
00:38:26,897 --> 00:38:27,547
Absolutely.

662
00:38:27,662 --> 00:38:28,702
So I'm 67.

663
00:38:28,762 --> 00:38:29,432
Can't believe it.

664
00:38:31,207 --> 00:38:33,547
Well, we were the same age,
but I just had a birthday.

665
00:38:33,547 --> 00:38:34,587
So now I'm 68.

666
00:38:35,142 --> 00:38:36,072
I know you did.

667
00:38:36,142 --> 00:38:36,652
Yes.

668
00:38:36,992 --> 00:38:38,012
Happy birthday again.

669
00:38:38,197 --> 00:38:38,377
you.

670
00:38:39,537 --> 00:38:40,217
Oh my goodness.

671
00:38:40,497 --> 00:38:46,317
So Mark I have heard you talk in the past
because I've heard you on Roger's podcast

672
00:38:46,337 --> 00:38:51,877
and then at the Rock Retirement Roundup
where you talk a lot about mindset.

673
00:38:52,317 --> 00:38:57,017
And I think that's something that's really
important for our late starting audience.

674
00:38:57,547 --> 00:39:02,597
Because part of what happens when you do
wake up, I know Bill and I experienced

675
00:39:02,597 --> 00:39:07,007
this, is you've really, you've really,
You feel like you've screwed up badly

676
00:39:07,047 --> 00:39:12,107
and you are full of regret and shame
and all these negative emotions.

677
00:39:12,627 --> 00:39:18,757
And so a mindset shift is something that
almost every one of us has to experience.

678
00:39:19,067 --> 00:39:21,707
And you've talked a lot about
mindset and I love this.

679
00:39:22,057 --> 00:39:25,117
And the ones I can remember, I think
there's probably more, but the ones that

680
00:39:25,117 --> 00:39:31,482
I can remember were growth, abundance
versus scarcity, and a learner's mindset.

681
00:39:31,732 --> 00:39:33,162
Can you take us through that?

682
00:39:35,177 --> 00:39:39,827
Yeah, let's start with and there's no
sequence or magic to any of those the

683
00:39:39,827 --> 00:39:41,817
order of those, but which is the first one

684
00:39:41,872 --> 00:39:43,242
The growth mindset.

685
00:39:44,277 --> 00:39:44,477
Yeah.

686
00:39:44,767 --> 00:39:45,077
Okay.

687
00:39:45,077 --> 00:39:47,827
So the growth mindset,
there's a wonderful resource.

688
00:39:47,827 --> 00:39:49,697
It's a book written by Dr.

689
00:39:49,697 --> 00:39:52,687
Carol Dweck, D W E C K.

690
00:39:53,137 --> 00:39:54,167
And it's talks about a.

691
00:39:54,932 --> 00:39:58,432
Mindset either being a growth
mindset or a fixed mindset.

692
00:39:58,492 --> 00:40:03,702
And a growth mindset is one where what am
I learning from what I'm doing right now?

693
00:40:03,702 --> 00:40:06,242
I've maybe I've made some
mistakes or maybe it hasn't worked

694
00:40:06,242 --> 00:40:07,692
out, but what am I learning?

695
00:40:08,072 --> 00:40:11,292
And  it kind of takes
the edge off the fear.

696
00:40:11,302 --> 00:40:13,712
The fixed mindset is that,
well, I can't do that.

697
00:40:13,722 --> 00:40:15,052
Or it has to be this way.

698
00:40:15,062 --> 00:40:17,232
Or, I don't see how
that could ever happen.

699
00:40:17,232 --> 00:40:19,312
It's, it's, we're,
we're fixed in our mind.

700
00:40:19,322 --> 00:40:21,952
We don't allow ourselves to
think beyond the obvious.

701
00:40:22,622 --> 00:40:27,502
So the growth mindset, I mean, it's
ideal for all of us at any age and

702
00:40:27,512 --> 00:40:33,562
stage, but especially, I think we've
all been in places with maybe it's

703
00:40:33,562 --> 00:40:37,312
not money, maybe it's something else,
but we like, we figure we're stuck.

704
00:40:37,372 --> 00:40:38,672
It's never going to change.

705
00:40:38,682 --> 00:40:40,172
It's like, there's no way out of this.

706
00:40:40,212 --> 00:40:43,222
It's like you, you almost
resign yourself to.

707
00:40:43,792 --> 00:40:47,072
waking up in the morning,
slugging out another day and

708
00:40:47,412 --> 00:40:48,652
it's never going to be different.

709
00:40:48,652 --> 00:40:50,722
We just hope it leads somewhere.

710
00:40:50,762 --> 00:40:53,182
And there's no vision in that.

711
00:40:53,202 --> 00:40:57,032
But a growth mindset can start with
a vision like, what do I really want?

712
00:40:57,462 --> 00:41:02,122
If you can get to that place, I don't,
it doesn't matter about the age,

713
00:41:02,152 --> 00:41:07,267
maybe in your fifties or sixties or
I know some people in their seventies

714
00:41:07,267 --> 00:41:08,707
ago, I'll never be able to retire.

715
00:41:08,707 --> 00:41:10,607
And some of them are high income earners.

716
00:41:10,617 --> 00:41:13,997
They just had a high consumption
lifestyle, but it's like,

717
00:41:14,007 --> 00:41:15,017
what do you really want?

718
00:41:15,027 --> 00:41:15,867
What's important?

719
00:41:15,927 --> 00:41:19,057
Write that out in present tense,
like five years from now, 10 years

720
00:41:19,057 --> 00:41:21,317
from now, what's a day look like?

721
00:41:21,327 --> 00:41:22,757
What's my life look like?

722
00:41:22,767 --> 00:41:23,927
what's going on?

723
00:41:23,937 --> 00:41:25,257
Who am I at that time?

724
00:41:25,267 --> 00:41:26,127
Who's around me?

725
00:41:26,397 --> 00:41:28,097
What does my home look like?

726
00:41:28,117 --> 00:41:29,217
Where am I living?

727
00:41:29,307 --> 00:41:30,397
What am I driving?

728
00:41:30,407 --> 00:41:36,087
It's not a prosperity kind of thing,
if you can allow yourself to dream the

729
00:41:36,087 --> 00:41:38,437
possible dream, like what could it be?

730
00:41:38,437 --> 00:41:39,297
Just have a vision.

731
00:41:39,357 --> 00:41:41,727
That's leans toward growth mindset.

732
00:41:41,747 --> 00:41:44,397
And it, and really another way
to say this, it's like, what are

733
00:41:44,397 --> 00:41:45,887
we telling ourselves every day?

734
00:41:46,417 --> 00:41:48,137
What story are we believing?

735
00:41:48,927 --> 00:41:50,647
What are we saying in our head?

736
00:41:50,897 --> 00:41:53,677
And it just watch yourself talk for.

737
00:41:53,982 --> 00:41:57,822
The next hour, and it, what
are you telling yourself?

738
00:41:57,882 --> 00:42:03,532
Because many times when we're discouraged,
we just tell a downward story and it

739
00:42:03,532 --> 00:42:05,312
becomes a self fulfilling prophecy.

740
00:42:05,542 --> 00:42:09,272
On the other hand, if we see some
hope and possibility, when there's

741
00:42:09,282 --> 00:42:12,482
a plan, when there's a vision,
there's some hope and we start seeing

742
00:42:12,492 --> 00:42:15,002
things that reticular activator.

743
00:42:15,002 --> 00:42:17,842
If you're searching for a red
car, you're noticing red cars.

744
00:42:17,842 --> 00:42:19,112
If you're searching for some hope.

745
00:42:19,547 --> 00:42:20,877
You start seeing some hope.

746
00:42:21,477 --> 00:42:28,977
And I didn't tell another part about
us reaching FI plan for, for just in

747
00:42:28,977 --> 00:42:35,247
case for a windfall, this was never on
our radar quick story, but it helped

748
00:42:35,247 --> 00:42:40,117
us with the FI achievement is that
because of some circumstances, which

749
00:42:40,117 --> 00:42:44,407
was never on our radar, we received
a little bit of an inheritance.

750
00:42:45,202 --> 00:42:49,412
It wasn't like gigantic, but it was
enough to make a big difference, a

751
00:42:49,412 --> 00:42:51,112
little amount that made a big difference.

752
00:42:51,642 --> 00:42:55,542
So when you have a plan for a windfall
of money, let's say you have a

753
00:42:55,552 --> 00:43:01,442
gap of a need in your FI plan for
X and you go, I wonder what could

754
00:43:01,442 --> 00:43:05,452
fill that X I'm working hard toward
everything I can to make that happen.

755
00:43:05,452 --> 00:43:09,662
But what would happen if that X
showed up in an unexpected way?

756
00:43:09,902 --> 00:43:12,392
What, what would our
vision really look like?

757
00:43:13,102 --> 00:43:15,342
It makes it almost, it almost gamifies it.

758
00:43:15,882 --> 00:43:22,302
Well, before we leave growth I actually
have with me here a handout that you

759
00:43:22,302 --> 00:43:28,032
did at rock retirement about the four
strategies to nurture a growth mindset.

760
00:43:28,382 --> 00:43:31,842
So if you don't mind, let
me, can I refresh your memory

761
00:43:31,842 --> 00:43:33,727
about those specific things?

762
00:43:33,727 --> 00:43:35,112
And you can comment if you'd like.

763
00:43:35,332 --> 00:43:38,072
So the first one was to
prioritize self care.

764
00:43:39,157 --> 00:43:39,537
Yeah,

765
00:43:39,722 --> 00:43:42,622
And I think you were talking about
that with the self talk, probably.

766
00:43:44,797 --> 00:43:44,817
is.

767
00:43:44,867 --> 00:43:46,027
And it goes beyond that.

768
00:43:46,037 --> 00:43:47,177
That's a great reminder.

769
00:43:47,187 --> 00:43:53,097
Becky is that one of the things Dan
Miller, my coach asked me when we first

770
00:43:53,097 --> 00:43:55,177
met is what's your self care like?

771
00:43:55,177 --> 00:43:56,047
I thought self care.

772
00:43:56,047 --> 00:43:56,437
What do you mean?

773
00:43:56,437 --> 00:43:57,857
He says, do you exercise?

774
00:43:57,857 --> 00:43:58,407
Do you walk?

775
00:43:58,407 --> 00:44:00,457
Do you have some kind of
activity that you enjoy that?

776
00:44:01,067 --> 00:44:02,047
Get you into shape.

777
00:44:02,047 --> 00:44:03,827
I said, I said, yeah, I do.

778
00:44:03,857 --> 00:44:05,477
Cause I was active and still am.

779
00:44:05,507 --> 00:44:07,107
And he said, well, that's the first thing.

780
00:44:07,567 --> 00:44:11,737
The way we think often is connected
to the way we feel and the way we feel

781
00:44:11,737 --> 00:44:14,647
is connected to what's our self care.

782
00:44:14,647 --> 00:44:15,847
Do we get enough sleep?

783
00:44:15,887 --> 00:44:16,437
Do we eat?

784
00:44:16,827 --> 00:44:17,857
well enough.

785
00:44:18,267 --> 00:44:21,837
Do we have some kind of activity
that's physical, that's recreational,

786
00:44:21,837 --> 00:44:25,877
that helps us because it stirs
the body up, the mind up.

787
00:44:25,967 --> 00:44:28,117
And so watch yourself care.

788
00:44:28,127 --> 00:44:33,917
It's easy to get discouraged
and to begin to just ignore.

789
00:44:34,467 --> 00:44:35,217
We all know this.

790
00:44:35,227 --> 00:44:36,157
Do I need to say more?

791
00:44:36,437 --> 00:44:37,657
Take care of yourself.

792
00:44:37,662 --> 00:44:38,012
Right.

793
00:44:38,292 --> 00:44:41,702
Yeah, we just had a before your episode.

794
00:44:42,062 --> 00:44:46,172
We had an episode with Dr Bobby and
he talks all of and you must know

795
00:44:46,172 --> 00:44:51,402
him from our retirement club and he
went on a deep dive into self care.

796
00:44:51,402 --> 00:44:53,412
And I found it very valuable.

797
00:44:53,582 --> 00:44:55,152
I've been not so good with this.

798
00:44:55,192 --> 00:44:56,582
And I think a lot of late starters.

799
00:44:56,802 --> 00:44:57,812
Aren't so good with this.

800
00:44:57,812 --> 00:44:59,082
We succumb to stress.

801
00:44:59,652 --> 00:45:04,642
We succumb to sort of that scarcity
mindset of, Oh, it is what it is.

802
00:45:04,642 --> 00:45:06,842
I can't make any difference in this.

803
00:45:06,982 --> 00:45:09,512
I'm just going to have
to accept where I'm at.

804
00:45:09,862 --> 00:45:11,452
And I'm still working on this.

805
00:45:11,752 --> 00:45:13,482
I do not have it all together.

806
00:45:13,482 --> 00:45:15,852
I think Becky and you are
doing really well with it.

807
00:45:15,882 --> 00:45:19,402
And why wait till your
sixties to catch up?

808
00:45:19,587 --> 00:45:22,257
To health span and self care.

809
00:45:22,267 --> 00:45:26,627
You've got to do this as a
pre retirement daily life.

810
00:45:26,957 --> 00:45:28,247
Integral part of your life.

811
00:45:28,557 --> 00:45:29,127
It.

812
00:45:29,477 --> 00:45:30,537
It gets overlooked.

813
00:45:30,537 --> 00:45:31,827
We focus on the numbers.

814
00:45:32,187 --> 00:45:34,157
We don't focus on as Dr.

815
00:45:34,157 --> 00:45:37,217
Bobby says, health span and lifespan.

816
00:45:37,527 --> 00:45:42,037
And if you don't, and we talk about
our financial lifespan, that's got

817
00:45:42,037 --> 00:45:44,627
to last us till 95 these days, right?

818
00:45:44,977 --> 00:45:46,277
But what did he say?

819
00:45:46,577 --> 00:45:48,547
You lose 3 percent of your muscle mass.

820
00:45:48,557 --> 00:45:49,617
And I remember this one.

821
00:45:50,897 --> 00:45:51,447
And

822
00:45:51,627 --> 00:45:52,407
it was depressing,

823
00:45:55,107 --> 00:46:01,657
Well, I see all these thin old people
that have lost the physical ability to

824
00:46:01,657 --> 00:46:03,277
do things that they might want to do.

825
00:46:03,627 --> 00:46:09,347
And he talks about how to pre plan
for that so that you can lift your

826
00:46:09,347 --> 00:46:11,087
luggage into the overhead compartment.

827
00:46:11,107 --> 00:46:14,287
You can play with your grandkids, get
down on the floor and get up again.

828
00:46:14,417 --> 00:46:14,427
I

829
00:46:16,417 --> 00:46:17,197
Yes, that's right.

830
00:46:17,407 --> 00:46:18,927
I've learned a ton from Dr.

831
00:46:18,927 --> 00:46:24,327
Bobby about everyday little habits
that make a big difference over time.

832
00:46:24,417 --> 00:46:27,907
It just, I, I wasn't aware of the 3
percent until when you said that, Bill,

833
00:46:27,907 --> 00:46:29,387
I thought, oh yeah, that's right, 3%.

834
00:46:30,377 --> 00:46:30,667
And,

835
00:46:30,917 --> 00:46:33,632
and we're a long way from
30, aren't we ? Mm-Hmm.

836
00:46:33,837 --> 00:46:36,917
know, I know, and, and
hey, we notice this more.

837
00:46:37,982 --> 00:46:40,412
in our sixties than I did in my fifties.

838
00:46:40,442 --> 00:46:44,872
And congrats that you're even thinking
about it, Bill, that just when I

839
00:46:44,872 --> 00:46:49,502
was obviously working my full time
career, it was hard to squeeze it in.

840
00:46:49,542 --> 00:46:54,742
And now I have more time and it's part
of my job every day just to stay healthy.

841
00:46:54,772 --> 00:46:58,717
I just I used to feel, believe it or not,
I used to feel a little bit guilty that

842
00:46:58,967 --> 00:47:02,637
can I really go out in the middle of the
day and do something that might be fun

843
00:47:02,637 --> 00:47:04,457
and healthy and all that kind of stuff.

844
00:47:04,457 --> 00:47:05,917
Now it's goes like, I'm looking at today.

845
00:47:05,917 --> 00:47:06,747
It's got some beautiful.

846
00:47:06,747 --> 00:47:08,227
I say, I can't wait till this afternoon.

847
00:47:08,227 --> 00:47:08,847
I'm headed out.

848
00:47:09,197 --> 00:47:12,607
It's like, but it's part of my job
every day to take care of myself.

849
00:47:12,752 --> 00:47:13,172
Mm-Hmm.

850
00:47:13,337 --> 00:47:14,937
I like thinking of it like a job.

851
00:47:15,437 --> 00:47:16,467
And that's.

852
00:47:16,772 --> 00:47:17,982
A really good think of it.

853
00:47:17,982 --> 00:47:19,022
It's part of your job.

854
00:47:19,022 --> 00:47:22,142
It's a part time job
through life and it remains.

855
00:47:22,142 --> 00:47:27,302
So now you talk also about embracing
new challenges with the learner mindset.

856
00:47:27,702 --> 00:47:30,432
And you've talked to us
about how you did that.

857
00:47:30,602 --> 00:47:35,172
How do we encourage our audience to
embrace a learner curious mindset?

858
00:47:35,172 --> 00:47:38,072
It seems like curiosity breeds longevity.

859
00:47:39,347 --> 00:47:40,577
That's a great way to put it.

860
00:47:41,027 --> 00:47:46,567
So sometimes we're in the middle of trying
to catch up to fi and it becomes, it

861
00:47:46,567 --> 00:47:49,487
could become all consuming understandably.

862
00:47:49,842 --> 00:47:53,372
And there is a lot of hard work
and it's a journey, but then we

863
00:47:53,372 --> 00:47:57,252
think we get to phi and then we
can really do what we want to do.

864
00:47:57,272 --> 00:47:59,632
And then the question is,
what do you really want to do?

865
00:48:00,142 --> 00:48:06,452
So it, as much as possible, it helps
to start figuring that stuff out unless

866
00:48:06,452 --> 00:48:07,942
you really think you already know.

867
00:48:08,262 --> 00:48:11,642
Which sometimes you do, but a lot
of times you think you do, then

868
00:48:11,642 --> 00:48:16,362
you realize you really don't,
but is to start being curious.

869
00:48:16,382 --> 00:48:20,032
Now, look at the money side
and work hard toward that.

870
00:48:20,392 --> 00:48:23,382
But it also takes some work and
intentionality to think about the

871
00:48:23,382 --> 00:48:28,452
softer side of things, which is just
as important because in some ways

872
00:48:28,452 --> 00:48:30,412
it's easier to make the money add up.

873
00:48:30,987 --> 00:48:34,727
Then to start figuring out the
other stuff, you don't, you

874
00:48:34,727 --> 00:48:36,037
don't have to have a late start.

875
00:48:36,037 --> 00:48:38,377
Maybe, maybe it's a late
start with the money piece.

876
00:48:38,617 --> 00:48:43,277
It doesn't have to be a late start
with the meaning piece and people I

877
00:48:43,277 --> 00:48:45,447
hear a lot in the club talk about.

878
00:48:46,992 --> 00:48:47,952
What's my purpose?

879
00:48:47,972 --> 00:48:48,862
What's my purpose?

880
00:48:48,862 --> 00:48:50,362
What's the capital P purpose?

881
00:48:50,362 --> 00:48:56,532
And I think a lot of times we over
complicate it and the learner's mindset

882
00:48:56,662 --> 00:48:58,152
is that what am I curious about?

883
00:48:58,162 --> 00:48:59,272
What interests me?

884
00:48:59,942 --> 00:49:02,642
And, and then it's like, how
can I help other people too?

885
00:49:02,652 --> 00:49:04,222
Usually I'll summarize it.

886
00:49:04,712 --> 00:49:09,092
The purpose stuff shows up when we're
doing things to help other people

887
00:49:09,602 --> 00:49:13,252
and the, and the meaning stuff, the
learning and the curious stuff for

888
00:49:13,262 --> 00:49:16,002
me is what I do when I help people.

889
00:49:16,452 --> 00:49:17,872
It's like I do some stuff for me.

890
00:49:17,872 --> 00:49:19,052
That's just fun art.

891
00:49:19,082 --> 00:49:24,322
But if nobody was going to see it or
enjoy it, I don't know if I'd even do it.

892
00:49:25,192 --> 00:49:28,592
It wouldn't be very meaningful because
it wouldn't be very purposeful to them.

893
00:49:29,002 --> 00:49:32,942
But being curious is
not easy for everyone.

894
00:49:33,317 --> 00:49:37,547
I'm telling you, it's just not because
we don't feel the permission to do it.

895
00:49:38,057 --> 00:49:42,297
But maybe today, when you hear this,
you can give yourself some permission

896
00:49:42,967 --> 00:49:46,607
to be curious about something that
interests you and just start exploring it.

897
00:49:47,117 --> 00:49:50,347
And a lot of this stuff that we
need to figure out in this, in the

898
00:49:50,347 --> 00:49:54,117
second half of life, it's like,
it's just a series of experiments.

899
00:49:54,897 --> 00:49:55,837
we want to know beforehand.

900
00:49:55,857 --> 00:49:57,367
Will this, will this succeed?

901
00:49:58,227 --> 00:49:59,027
Who knows?

902
00:49:59,227 --> 00:49:59,697
Try it.

903
00:49:59,697 --> 00:50:03,677
Becky's talking about taking up
some paintings, some watercolor, try

904
00:50:03,677 --> 00:50:05,887
it for 30 days, 60 days, 90 days.

905
00:50:05,897 --> 00:50:08,937
Give yourself some time
and see what happens.

906
00:50:09,297 --> 00:50:12,407
And it's what you discover along the
way that makes the big difference.

907
00:50:12,652 --> 00:50:16,912
Well, I just found out that, Becky's
transitioning into a lot of potential

908
00:50:16,912 --> 00:50:21,987
hobbies and one of them she's looking
at is I don't know if it's called

909
00:50:21,987 --> 00:50:23,907
this, but hip hop for geriatrics.

910
00:50:26,167 --> 00:50:26,857
I love it.

911
00:50:27,617 --> 00:50:27,937
I, yeah.

912
00:50:28,232 --> 00:50:31,632
I have, there's a dance studio
here in the little town I live in.

913
00:50:31,632 --> 00:50:36,032
And I decided I'm going to go see what
they have to offer and try it out.

914
00:50:36,522 --> 00:50:39,022
And one of the classes was adult hip hop.

915
00:50:39,512 --> 00:50:43,362
So, that's yet to be seen how this is
going to turn out, but yeah, we'll see.

916
00:50:43,522 --> 00:50:44,812
Are you going to take Steven with

917
00:50:45,022 --> 00:50:45,752
Oh no,

918
00:50:45,752 --> 00:50:45,782
hop?

919
00:50:48,442 --> 00:50:49,352
no, no, no.

920
00:50:50,222 --> 00:50:51,562
Oh, you've got to drag him along.

921
00:50:51,572 --> 00:50:55,652
My wife and I tried to learn
to dance before our wedding.

922
00:50:56,032 --> 00:50:57,582
It was almost impossible.

923
00:50:57,582 --> 00:50:59,602
And we had to give it up
because she wanted to lead.

924
00:50:59,617 --> 00:51:00,807
And

925
00:51:02,272 --> 00:51:03,282
I have the same problem.

926
00:51:05,487 --> 00:51:09,867
that was and that was actually sort
of enigmatic for our life is now

927
00:51:09,867 --> 00:51:11,877
we're a team, but she likes to lead.

928
00:51:12,832 --> 00:51:13,612
Oh my goodness.

929
00:51:14,792 --> 00:51:19,497
Oh, I, Mark, I love, The comment that
you just made about give yourself

930
00:51:19,497 --> 00:51:25,387
permission, struggled with that for
a very long time, and I hope people

931
00:51:25,407 --> 00:51:31,127
hear that because now it's, it's, I
mean, just recently within the last

932
00:51:31,127 --> 00:51:35,917
few months, I have discovered that I
wish I had done that a long time ago.

933
00:51:36,257 --> 00:51:38,117
I've given myself permission.

934
00:51:38,217 --> 00:51:42,817
I was telling Bill before we started
recording last night, I finished the

935
00:51:42,817 --> 00:51:50,047
first fiction novel that I have sat
down and read in years and it's because.

936
00:51:50,827 --> 00:51:54,657
And you know reading is always
talked about as a virtue.

937
00:51:55,067 --> 00:51:59,347
people talk about how many books Warren
Buffett reads and so on and so forth.

938
00:51:59,347 --> 00:52:01,067
And it's always talked about as a virtue.

939
00:52:01,837 --> 00:52:03,257
And I realized that.

940
00:52:03,817 --> 00:52:08,617
I felt guilty every time I sat down with
a book because there was always something

941
00:52:08,627 --> 00:52:14,437
else I should be doing rather than
looking at it as what it's doing for me.

942
00:52:14,967 --> 00:52:20,747
And so yes, I finally and I felt like I
kind of had to force myself to give myself

943
00:52:20,757 --> 00:52:22,417
permission to sit down and read a book.

944
00:52:23,027 --> 00:52:24,887
And I'm like, wow, the world didn't end,

945
00:52:25,597 --> 00:52:26,027
You know?

946
00:52:26,397 --> 00:52:29,587
And, I wish I had realized
some of this sooner.

947
00:52:31,167 --> 00:52:32,357
So thank you for saying that.

948
00:52:32,357 --> 00:52:32,917
I love that.

949
00:52:33,677 --> 00:52:33,997
Sure.

950
00:52:34,147 --> 00:52:39,167
Well, we've been circling around something
that you and your rock retirement

951
00:52:39,167 --> 00:52:42,257
club and Roger Whitney talk about.

952
00:52:42,257 --> 00:52:46,167
And this would be a good way to summarize
the episode, I think, and you refer to it.

953
00:52:46,572 --> 00:52:51,172
As the eight pillars of retirement,
there's financial ones and non

954
00:52:51,202 --> 00:52:55,432
financial ones, and we sort of scattered
them throughout the show today.

955
00:52:55,432 --> 00:52:57,652
But there's a few more we
may have not talked about.

956
00:52:57,942 --> 00:52:59,072
Can you take us through?

957
00:52:59,142 --> 00:53:02,542
And they're not labeled as you
might suspect when you talk about

958
00:53:02,542 --> 00:53:06,012
financial, for example, take us
through what those are so that people

959
00:53:06,012 --> 00:53:08,172
have a framework to think about.

960
00:53:08,202 --> 00:53:13,042
Okay, what are the eight things I
should be focusing on for retirement?

961
00:53:14,982 --> 00:53:16,512
That's a great way to summarize it.

962
00:53:16,822 --> 00:53:20,012
and we have those pillars in the
club because it keeps us organized

963
00:53:20,012 --> 00:53:21,352
in our thinking and the content.

964
00:53:22,297 --> 00:53:26,927
That's presented in the questions
that are asked that the first one

965
00:53:26,967 --> 00:53:32,917
in the financial side is vision like
Giving yourself permission to really

966
00:53:32,927 --> 00:53:34,917
think about what do you really want?

967
00:53:35,622 --> 00:53:42,712
What could life be like at the very
best forget about how much it costs.

968
00:53:42,732 --> 00:53:48,432
Just you're each unique who are listening
to this, and if you are married or have

969
00:53:48,432 --> 00:53:54,302
a partner, it's not, it's not just you,
but if it was just you, what would it be?

970
00:53:54,402 --> 00:53:55,832
And then y'all can compare notes.

971
00:53:56,082 --> 00:53:57,082
But what's the vision?

972
00:53:57,082 --> 00:53:58,422
What could life be like?

973
00:53:58,732 --> 00:54:00,012
What would a day look like?

974
00:54:00,012 --> 00:54:02,252
A week, a month, a year, a season?

975
00:54:03,032 --> 00:54:05,122
And then you move into,
okay, well, let's test it.

976
00:54:05,132 --> 00:54:06,222
Let's look up some money.

977
00:54:06,222 --> 00:54:07,172
What's feasible.

978
00:54:07,442 --> 00:54:12,842
Let's look at our resources and how
feasible is this vision of ours?

979
00:54:12,872 --> 00:54:14,922
And it may fall flat.

980
00:54:14,922 --> 00:54:19,482
It made me, Oh, Oh, this vision is going
to cost 10 million and we have a million.

981
00:54:19,882 --> 00:54:20,492
That's okay.

982
00:54:20,752 --> 00:54:21,092
Whatever.

983
00:54:21,092 --> 00:54:22,622
It's just, it's just the first pass.

984
00:54:22,632 --> 00:54:24,862
So that's, how feasible is this?

985
00:54:25,427 --> 00:54:28,587
So you see, it's a back and forth
thing until you find an adjustment

986
00:54:28,587 --> 00:54:29,457
of something that's going to work.

987
00:54:29,457 --> 00:54:32,097
The next is, let's say
the plan is feasible.

988
00:54:32,097 --> 00:54:33,157
We got enough money.

989
00:54:33,367 --> 00:54:35,397
We think we have enough
money, but let's test it.

990
00:54:35,417 --> 00:54:38,407
Let's see how resilient this plan is.

991
00:54:38,407 --> 00:54:42,027
And there's software that
that we use in the club.

992
00:54:42,247 --> 00:54:45,367
That you plug in the numbers,
push the buttons and it does

993
00:54:45,367 --> 00:54:46,897
all the calculations for you.

994
00:54:47,377 --> 00:54:50,677
In an oversimplified way, it'll begin to.

995
00:54:50,677 --> 00:54:54,347
Okay, let's see how resilient
is this plan if the market goes

996
00:54:54,347 --> 00:54:55,867
down and I'm depending on that.

997
00:54:55,897 --> 00:54:59,537
If my if we have a health incident
that we didn't have covered.

998
00:55:00,607 --> 00:55:04,347
If we don't have this piece
of the plan, how resilient?

999
00:55:04,347 --> 00:55:08,197
So what's, what's the percentage
of possibility this could work?

1000
00:55:08,197 --> 00:55:10,647
And maybe it's a, Oh, 50%.

1001
00:55:10,707 --> 00:55:11,927
Well, let's make some adjustments.

1002
00:55:11,947 --> 00:55:12,987
Maybe it's 75.

1003
00:55:13,027 --> 00:55:14,577
Now let's make a few more jobs.

1004
00:55:14,587 --> 00:55:15,807
Maybe it's 80%.

1005
00:55:16,587 --> 00:55:19,237
If I live to, what if I
didn't live to a hundred?

1006
00:55:19,247 --> 00:55:20,397
What if it was 95?

1007
00:55:20,427 --> 00:55:23,507
you play with the numbers and
again, all this is software.

1008
00:55:23,507 --> 00:55:25,967
You just move the dials and it tells you.

1009
00:55:25,967 --> 00:55:29,177
So you could probably stop right there.

1010
00:55:29,177 --> 00:55:31,367
Once you have a resilient plan of record.

1011
00:55:31,782 --> 00:55:36,952
And by the way, that's just a moment
in time, throughout the years ahead,

1012
00:55:37,362 --> 00:55:41,272
at least once a year, you just
peek in and see how is this going?

1013
00:55:41,322 --> 00:55:46,042
is it really still feasible and
resilient things happen, and then if

1014
00:55:46,042 --> 00:55:51,417
you're an optimizer, that's the 4th
pillar is like, What if I waited till

1015
00:55:52,017 --> 00:55:56,377
66 and seven months instead of 66 and
four months to claim social security?

1016
00:55:56,377 --> 00:55:57,827
What if I waited till 70?

1017
00:55:58,167 --> 00:55:59,247
What if I did this?

1018
00:55:59,267 --> 00:56:00,247
What if I did that?

1019
00:56:00,247 --> 00:56:05,487
It's like people who are really into
spreadsheets and having spreadsheets

1020
00:56:05,517 --> 00:56:11,207
for their spreadsheets It's like, and
be careful about this because Roger

1021
00:56:11,217 --> 00:56:16,677
Whitney, the owner of the club always
says that the more we try to optimize,

1022
00:56:16,967 --> 00:56:21,727
it's really just trying to control
and convince ourselves that we have

1023
00:56:21,727 --> 00:56:24,047
complete certainty and that's impossible.

1024
00:56:24,657 --> 00:56:25,687
It just doesn't happen.

1025
00:56:25,697 --> 00:56:31,357
Three things were never exonerated
from uncertainty, pain, and work.

1026
00:56:32,027 --> 00:56:34,677
If you think about that deeply
enough, you'll see it's true.

1027
00:56:34,697 --> 00:56:38,277
There's never a perfect plan,
but that's the financial side.

1028
00:56:38,537 --> 00:56:39,747
You can have a vision.

1029
00:56:39,817 --> 00:56:41,347
Is it feasible is resilient.

1030
00:56:41,792 --> 00:56:45,852
And if you really want to optimize and
turn those dials just for fun, go ahead.

1031
00:56:47,072 --> 00:56:51,492
Now, the non financial side, you have
health and energy or health and wellness.

1032
00:56:52,012 --> 00:56:56,112
That's about, if you have all the money,
you know what you want to do with your

1033
00:56:56,132 --> 00:57:00,092
time, but you don't have the health
to do it doesn't get you very far.

1034
00:57:00,342 --> 00:57:04,732
So we have an aspect in there
talking about what does that mean?

1035
00:57:04,742 --> 00:57:09,822
Functional health, functional is about
dr bobby in the club says, if you want

1036
00:57:09,822 --> 00:57:12,017
to Pick up a bowling ball and bowl.

1037
00:57:12,017 --> 00:57:14,457
You better do the work that
it's gonna give you the strength

1038
00:57:14,467 --> 00:57:15,657
to do that when you're 80.

1039
00:57:15,877 --> 00:57:18,207
If you still want to be
bowling or 90 or whatever.

1040
00:57:18,517 --> 00:57:22,587
So we talk all about that is
health and wellness, self care.

1041
00:57:23,107 --> 00:57:24,707
There's the mindset.

1042
00:57:24,717 --> 00:57:27,307
How do we think about our life?

1043
00:57:27,517 --> 00:57:28,977
Are we growth mindset?

1044
00:57:29,327 --> 00:57:30,847
Thinking, well, curious.

1045
00:57:30,897 --> 00:57:31,897
Let's experiment.

1046
00:57:31,907 --> 00:57:32,717
Let's learn.

1047
00:57:33,102 --> 00:57:35,372
What can we, what are we
learning about ourselves?

1048
00:57:35,382 --> 00:57:38,042
What, what could we experiment with next?

1049
00:57:38,042 --> 00:57:39,002
What's really working?

1050
00:57:39,002 --> 00:57:39,902
What gives us energy?

1051
00:57:39,902 --> 00:57:43,012
What doesn't give us energy
rather than I'm stuck.

1052
00:57:43,382 --> 00:57:44,762
It's not going to get any better.

1053
00:57:45,152 --> 00:57:46,392
There's no hope here.

1054
00:57:46,672 --> 00:57:48,322
It's not going to get just accept it.

1055
00:57:48,342 --> 00:57:49,802
Just manage expectations.

1056
00:57:49,812 --> 00:57:52,282
Low, low, low that way
we won't be disappointed.

1057
00:57:53,072 --> 00:57:58,042
And then there's the passion and
work pillar talking about things.

1058
00:57:58,042 --> 00:57:59,502
Passion just means what are we?

1059
00:57:59,972 --> 00:58:02,742
Sometimes we think passion brings
all the joy, but what passion

1060
00:58:02,742 --> 00:58:04,332
is sometimes just hard work.

1061
00:58:04,672 --> 00:58:05,192
It's like, what am I?

1062
00:58:05,192 --> 00:58:10,032
I'm passionate about if I'm a bodybuilder,
I'm passionate about building my body,

1063
00:58:10,032 --> 00:58:12,002
but it's a lot of pain in that process.

1064
00:58:12,102 --> 00:58:13,287
So passion is.

1065
00:58:13,427 --> 00:58:16,987
If you look at that definition, it can
have some pain involved in it because

1066
00:58:16,987 --> 00:58:18,647
you care so much about something.

1067
00:58:19,127 --> 00:58:24,547
A lot of people in retirement, and I'm,
I know I may sound like I'm droning

1068
00:58:24,547 --> 00:58:26,337
on, but here's really important.

1069
00:58:26,337 --> 00:58:28,227
They say, I'll never work again.

1070
00:58:28,287 --> 00:58:29,017
Well, guess what?

1071
00:58:29,727 --> 00:58:34,347
If you're financially independent
and you consider yourself retired,

1072
00:58:35,087 --> 00:58:38,297
if you really examine how you live
your life, unless you're sitting

1073
00:58:38,297 --> 00:58:42,297
in a chair curled up in the corner,
you're always working at something.

1074
00:58:43,042 --> 00:58:45,362
You just don't maybe want to call it work.

1075
00:58:46,002 --> 00:58:49,172
But if you want a certain outcome,
you got to work toward it.

1076
00:58:49,182 --> 00:58:50,302
So we're all working.

1077
00:58:50,872 --> 00:58:51,702
Just admit it.

1078
00:58:52,062 --> 00:58:56,292
Some of us still need to get paid for
work or want to get paid for work,

1079
00:58:56,762 --> 00:58:58,632
but we're always working at something.

1080
00:58:59,252 --> 00:59:04,292
So we like to talk about that in the club
in the and the last one is relationships.

1081
00:59:04,972 --> 00:59:08,582
So you have health and longevity.

1082
00:59:09,657 --> 00:59:14,797
Our health and energy, you have a
mindset, you have passion and work.

1083
00:59:14,837 --> 00:59:16,987
And then the last one is relationships.

1084
00:59:18,097 --> 00:59:18,777
Wow.

1085
00:59:19,057 --> 00:59:21,547
that's at the heart of all this.

1086
00:59:22,497 --> 00:59:25,417
Nobody wants to be lonely.

1087
00:59:25,437 --> 00:59:29,457
And as we age, it takes a lot
of intentionality sometimes

1088
00:59:29,457 --> 00:59:31,147
in certain seasons of life to.

1089
00:59:32,087 --> 00:59:36,997
To build these relationships, whether
you're single or have a large family

1090
00:59:37,167 --> 00:59:40,707
community around all these things
that are going on in the season of

1091
00:59:40,707 --> 00:59:44,917
life, the relationships are what,
that's where the real gold is.

1092
00:59:45,462 --> 00:59:46,352
you may reach F.

1093
00:59:46,352 --> 00:59:46,852
I.

1094
00:59:47,442 --> 00:59:49,952
You may have some health, but
if you don't have some healthy

1095
00:59:49,952 --> 00:59:52,742
relationships, we all know this.

1096
00:59:52,812 --> 00:59:54,912
Life grows pretty thin after a while.

1097
00:59:55,032 --> 01:00:01,432
So those are the eight pillars, big chunk
of financial and then the non financial.

1098
01:00:01,432 --> 01:00:03,812
And they really go hand in glove.

1099
01:00:04,032 --> 01:00:07,902
But I will say that almost
everyone says I got to get the

1100
01:00:07,902 --> 01:00:09,042
money right and you're right.

1101
01:00:09,042 --> 01:00:12,232
You got to get it right
enough, right enough.

1102
01:00:14,122 --> 01:00:20,002
Start working if you're catching up
to FI with that piece, start working

1103
01:00:20,002 --> 01:00:22,522
on the non financial piece as well.

1104
01:00:22,572 --> 01:00:23,822
A little at a time.

1105
01:00:24,342 --> 01:00:26,872
And I'm going to say one more
thing that no one's asked about,

1106
01:00:26,882 --> 01:00:28,582
but I have perspective on this.

1107
01:00:28,582 --> 01:00:35,622
Now, if you're still working for money
to reach FI, try to make the best of it.

1108
01:00:36,082 --> 01:00:38,372
Try to enjoy it as much as you can.

1109
01:00:38,732 --> 01:00:42,452
It may be one of those professions
where, man, it's just like,

1110
01:00:42,502 --> 01:00:44,112
can I just make it to the end?

1111
01:00:44,112 --> 01:00:45,782
Because it's so demanding.

1112
01:00:46,387 --> 01:00:50,377
And even then, just try to
look at the bright side.

1113
01:00:50,417 --> 01:00:55,537
As long as you got to be there, you're
helping people and you're reaching

1114
01:00:55,647 --> 01:00:57,697
FI, it's just going to take some time.

1115
01:00:59,057 --> 01:01:02,947
Don't miss out on today just
because you're trying to reach FI.

1116
01:01:03,367 --> 01:01:04,807
Don't miss out on today.

1117
01:01:04,857 --> 01:01:06,597
That may be the title of the episode.

1118
01:01:07,057 --> 01:01:09,207
And that's a great way
to round it out today.

1119
01:01:09,597 --> 01:01:11,597
Becky, do you have any
final questions for Mark?

1120
01:01:13,122 --> 01:01:17,382
no, I think we've pretty much covered
everything that, that I wanted to,

1121
01:01:17,382 --> 01:01:20,322
and Mark, this has been really great.

1122
01:01:20,422 --> 01:01:23,422
You brought up a lot of things for
people to think about, and I hope

1123
01:01:23,892 --> 01:01:29,042
that they've heard it, and I hope they
take the time to really process this.

1124
01:01:29,082 --> 01:01:33,442
There's some nuggets in here,
like, watch yourself talk.

1125
01:01:34,467 --> 01:01:38,387
that's something that you you've,
you've got that voice in your head

1126
01:01:38,397 --> 01:01:43,607
all the time and those of us that are
starting late can really have some

1127
01:01:43,607 --> 01:01:48,287
negative self talk sometimes and,
and give yourself permission and, and

1128
01:01:48,337 --> 01:01:49,677
there's just been so much in here.

1129
01:01:49,687 --> 01:01:50,317
Thank you.

1130
01:01:50,667 --> 01:01:53,757
Thank you so much for spending
the time to chat with us today.

1131
01:01:54,957 --> 01:01:55,697
You're welcome.

1132
01:01:55,697 --> 01:01:58,287
And hey, by the way, I'm still
sorting through all this stuff.

1133
01:01:58,287 --> 01:01:59,547
I'm still figuring it out.

1134
01:01:59,607 --> 01:02:02,317
I just learned how to
enjoy the process more now.

1135
01:02:03,057 --> 01:02:05,907
Well, looking at a painting
of yours behind your end,

1136
01:02:06,467 --> 01:02:08,167
you obviously are talented.

1137
01:02:08,167 --> 01:02:11,987
You say that there's, you went
smaller because you didn't have

1138
01:02:11,987 --> 01:02:13,707
enough storage space, which I

1139
01:02:13,787 --> 01:02:14,387
That's right.

1140
01:02:14,387 --> 01:02:17,107
I thought you start big
and actually I started big.

1141
01:02:17,107 --> 01:02:19,977
Now I work smaller because you got
to store the stuff somewhere until

1142
01:02:19,977 --> 01:02:23,277
somebody wants it or you decide to
make it into a frisbee, you know?

1143
01:02:23,997 --> 01:02:25,017
do you take classes?

1144
01:02:25,017 --> 01:02:28,547
Because it looks like there's an abstract
nature to the work behind you today.

1145
01:02:28,617 --> 01:02:32,787
I'm, I'm always learning, always
studying, always learning from others.

1146
01:02:32,847 --> 01:02:33,267
Yeah.

1147
01:02:33,267 --> 01:02:33,527
Yeah.

1148
01:02:33,977 --> 01:02:37,247
and Mark, one of the things that
I've heard that you said you did

1149
01:02:37,247 --> 01:02:41,227
that, that I just wanted to bring
up was something about a longboard.

1150
01:02:43,027 --> 01:02:47,247
Yeah I ride long skateboard, so
I have a 5 footer and a 6 footer.

1151
01:02:47,247 --> 01:02:51,067
It's called land surfing, but I
gotta, I gotta be transparent.

1152
01:02:51,467 --> 01:02:54,427
My wife had 1 of those freak accidents.

1153
01:02:54,547 --> 01:02:55,117
You know why?

1154
01:02:55,187 --> 01:02:57,297
Everybody tells you when
you're younger, don't fall.

1155
01:02:57,297 --> 01:02:58,937
And when you're younger,
you go, why would you fall?

1156
01:02:59,252 --> 01:03:03,242
Well, she slipped off a curb, broke
her ankle about six weeks ago.

1157
01:03:03,562 --> 01:03:08,112
So ever since then I said, I just, I
don't think it'd be smart for me to go

1158
01:03:08,112 --> 01:03:13,752
ride my, because if you fall, if I fall,
I cannot afford to break anything at

1159
01:03:13,752 --> 01:03:16,032
this point, one of us has to be well.

1160
01:03:16,062 --> 01:03:17,602
So, but I still ride my bikes.

1161
01:03:17,622 --> 01:03:20,132
I have a smaller bike and a
larger bike, and I wear a helmet.

1162
01:03:20,752 --> 01:03:25,222
But I've put the skateboards, I
think about that every third day ago.

1163
01:03:25,232 --> 01:03:26,452
When am I going to ride that again?

1164
01:03:26,462 --> 01:03:26,912
Not yet.

1165
01:03:27,102 --> 01:03:30,352
So yeah, but I do, I, I love that.

1166
01:03:30,447 --> 01:03:34,337
Well, yeah, fear encroaches into
our lives as we age, and the

1167
01:03:34,347 --> 01:03:35,887
fear of falling is very real.

1168
01:03:35,887 --> 01:03:37,447
I see it every day.

1169
01:03:37,767 --> 01:03:39,537
Falls, falls, falls.

1170
01:03:39,797 --> 01:03:41,657
And that's why you've got to stay fit.

1171
01:03:41,947 --> 01:03:46,467
People don't realize that a hip
fracture in an osteoporotic older

1172
01:03:46,467 --> 01:03:49,567
lady has a mortality of a year.

1173
01:03:50,612 --> 01:03:50,952
Yeah.

1174
01:03:52,032 --> 01:03:56,782
So, these avoiding a fall, staying
fit mentally and physically

1175
01:03:57,012 --> 01:03:58,272
are incredibly important.

1176
01:03:58,542 --> 01:04:00,492
We haven't talked about the numbers today.

1177
01:04:00,712 --> 01:04:02,442
We'll talk some more about numbers later.

1178
01:04:02,692 --> 01:04:06,292
But thank you, Mark, for
getting our minds straight.

1179
01:04:07,262 --> 01:04:08,232
Thanks for the invitation.

1180
01:04:08,562 --> 01:04:11,252
All right, we'll see you guys
next time on Catching Up to FI.

1181
01:04:13,141 --> 01:04:16,091
All right, Becky, that
was a great episode.

1182
01:04:16,421 --> 01:04:23,321
Really enjoyed talking to Mark with
you, and it's a great way to come

1183
01:04:23,321 --> 01:04:28,841
to a close on your tenure as a co
host with me of Catching Up to Fi.

1184
01:04:29,731 --> 01:04:30,401
Yes.

1185
01:04:30,431 --> 01:04:34,291
this is the last regular episode
that I'll be the co host on.

1186
01:04:34,751 --> 01:04:41,111
I know that we talked oh, probably a
month or so ago about me stepping down.

1187
01:04:41,381 --> 01:04:46,301
So today is actually the last episode
that I'll be on as a regular co host.

1188
01:04:46,786 --> 01:04:50,956
And I just want to say, Bill, how much
I have enjoyed this, how much I've

1189
01:04:50,956 --> 01:04:56,996
appreciated the work and the effort
that you put into getting this off

1190
01:04:56,996 --> 01:05:01,746
the ground, because it wouldn't have
happened if it had been up to me and

1191
01:05:01,833 --> 01:05:04,383
it's been a wild ride and it's been fun.

1192
01:05:04,423 --> 01:05:08,463
And I just want to let everybody
in the community know how much

1193
01:05:08,463 --> 01:05:11,483
I love them and support them.

1194
01:05:11,563 --> 01:05:13,163
I pray for you.

1195
01:05:13,533 --> 01:05:16,323
And I will still be around.

1196
01:05:16,403 --> 01:05:20,783
I'm going to be in the Facebook
group and I will probably still

1197
01:05:20,793 --> 01:05:22,663
be doing my weekly money minute.

1198
01:05:23,463 --> 01:05:25,743
And so, this is not goodbye.

1199
01:05:25,753 --> 01:05:27,633
It's just farewell for now.

1200
01:05:28,243 --> 01:05:30,493
Yeah, it's as the Germans
say, Auf Wiedersehen.

1201
01:05:30,813 --> 01:05:32,003
Beck you'll be around.

1202
01:05:32,013 --> 01:05:33,833
She's become one of my best friends.

1203
01:05:34,193 --> 01:05:38,773
This would not have gotten off the
ground if I didn't have a partner

1204
01:05:38,843 --> 01:05:41,083
in crime and accountability partner.

1205
01:05:41,413 --> 01:05:46,218
It had been a dream of mine for years,
but I was too scared to do it by myself.

1206
01:05:46,618 --> 01:05:51,048
Quite honestly, and just like we've
talked about in many episodes it's

1207
01:05:51,078 --> 01:05:54,008
the relationships that make it happen.

1208
01:05:54,338 --> 01:06:00,118
And there's a lot of solo host podcasts
out there, but honestly, I like it

1209
01:06:00,138 --> 01:06:01,848
when there's more than one host.

1210
01:06:02,188 --> 01:06:03,638
I like the perspective.

1211
01:06:03,718 --> 01:06:05,938
I like the conversational nature of it.

1212
01:06:06,328 --> 01:06:09,058
And Becky, I am forever grateful to you.

1213
01:06:09,398 --> 01:06:15,288
You just had a birthday and you're moving
on to a different season in some ways.

1214
01:06:15,788 --> 01:06:18,298
We may have talked about it
before, but you're going to

1215
01:06:18,308 --> 01:06:19,518
be busier than ever, right?

1216
01:06:19,518 --> 01:06:20,268
What you got planned?

1217
01:06:20,953 --> 01:06:24,233
Well, I have to be careful that
I don't like fill every minute

1218
01:06:24,243 --> 01:06:28,293
immediately with new things, but I am
excited about some of the new things.

1219
01:06:28,293 --> 01:06:30,083
They've been on the back
burner for a long time.

1220
01:06:30,593 --> 01:06:35,953
I am going to spend more time with family
and I'm going to try some new endeavors.

1221
01:06:35,983 --> 01:06:42,093
I don't even know why this has cropped
up, but I've recently discovered that

1222
01:06:42,133 --> 01:06:49,663
I have a desire to Possibly try my hand
at painting and as part of my exercise

1223
01:06:49,663 --> 01:06:56,033
routine, I haven't tried it yet but I'm
going to try going to this little dance

1224
01:06:56,853 --> 01:07:02,193
studio that's here in town and see what
they have available for senior citizens.

1225
01:07:02,423 --> 01:07:05,133
And I, I saw there's a line dancing class.

1226
01:07:05,143 --> 01:07:06,263
I know I could do that.

1227
01:07:06,263 --> 01:07:08,273
And there was also an adult hip hop class.

1228
01:07:08,293 --> 01:07:11,393
So it sounds crazy, but I'm
going to see what it's all about.

1229
01:07:12,268 --> 01:07:13,558
So lots of new things.

1230
01:07:13,883 --> 01:07:15,333
All right, not break dancing

1231
01:07:15,848 --> 01:07:17,878
No, no, not breakdancing, but hip hop.

1232
01:07:17,878 --> 01:07:19,218
Hey, that sounds fun to me.

1233
01:07:19,693 --> 01:07:24,313
Well As you all know, we're
transitioning to a new co host jackie

1234
01:07:24,313 --> 01:07:27,453
cummins koski is Joining us here.

1235
01:07:27,543 --> 01:07:31,663
We're recording episodes with her in
march that will start airing in april.

1236
01:07:32,123 --> 01:07:34,433
So you know, we're excited.

1237
01:07:34,493 --> 01:07:38,143
Jackie's got, you know, great credentials.

1238
01:07:38,153 --> 01:07:39,433
She's a CFP.

1239
01:07:39,433 --> 01:07:40,823
She's a author.

1240
01:07:40,823 --> 01:07:42,033
Two times over.

1241
01:07:42,283 --> 01:07:46,143
She's been in the five community
a long time and is a very

1242
01:07:46,163 --> 01:07:48,233
active member of our community.

1243
01:07:48,233 --> 01:07:50,393
She's a moderator in our community.

1244
01:07:50,393 --> 01:07:51,363
She's an expert.

1245
01:07:51,703 --> 01:07:54,723
There are so many things that
I'm a I'm a little intimidated,

1246
01:07:54,723 --> 01:08:00,718
quite honestly, but it's going to
be absolutely great to move on.

1247
01:08:01,018 --> 01:08:02,668
It's we're not going away.

1248
01:08:02,858 --> 01:08:04,958
We're only going to grow with your help.

1249
01:08:05,308 --> 01:08:09,708
And now Jackie's going to be
adding her spice to the show.

1250
01:08:10,498 --> 01:08:14,668
I am so excited for Jackie and for
the Catching Up to Fi community.

1251
01:08:15,128 --> 01:08:17,138
Things are going to be awesome.

1252
01:08:17,168 --> 01:08:19,158
I mean, things will be different.

1253
01:08:19,438 --> 01:08:21,038
Seasons of our life change.

1254
01:08:21,038 --> 01:08:22,818
We're all old enough to know that.

1255
01:08:22,918 --> 01:08:28,168
So this is a new season for Catching
Up to Fi and I'm very excited about

1256
01:08:28,168 --> 01:08:33,298
it because the combination of you and
Jackie, I think is going to be amazing.

1257
01:08:33,518 --> 01:08:38,938
And I literally can't wait to see where
Catching Up to FI goes from here, because

1258
01:08:38,938 --> 01:08:45,428
I think it is going to be new and fresh
and energized and it's going to be great.

1259
01:08:45,738 --> 01:08:47,058
I'm so excited.

1260
01:08:47,508 --> 01:08:52,238
For our audience to experience Jackie,
because they're going to love it.

1261
01:08:52,798 --> 01:08:53,158
Yeah.

1262
01:08:53,158 --> 01:08:55,898
I mean, we're, we're
actually recording with Mr.

1263
01:08:55,898 --> 01:09:00,628
Money Mustache, Carl and
Mindy Jensen these pillars.

1264
01:09:00,878 --> 01:09:01,998
Of the five communities.

1265
01:09:02,008 --> 01:09:04,348
So, you know, we're going
to have great stories.

1266
01:09:04,408 --> 01:09:06,528
We're going to have great mindset.

1267
01:09:06,608 --> 01:09:09,938
And, you know, Jackie and I may even
start, you know, a mastermind group

1268
01:09:09,938 --> 01:09:14,958
to help at a different level, our
community and niche it down to those

1269
01:09:14,958 --> 01:09:20,018
that are interested in going on a
journey with us to help them at a

1270
01:09:20,078 --> 01:09:24,718
different level reach their goals, their
dreams and their financial milestones.

1271
01:09:26,088 --> 01:09:26,898
I think that's great.

1272
01:09:26,918 --> 01:09:30,828
It'll be exciting and fun and, and
terrifying all at the same time.

1273
01:09:31,693 --> 01:09:32,773
Yeah, anything new.

1274
01:09:32,973 --> 01:09:36,473
I've gotten kind of comfortable
and the podcast needs to grow.

1275
01:09:36,473 --> 01:09:41,313
It's been, it's been organically growing,
but there's more work to do, obviously.

1276
01:09:41,398 --> 01:09:42,488
There is, there is.

1277
01:09:42,758 --> 01:09:48,348
Well, I, I again, just want to tell
everybody how much I have appreciated

1278
01:09:48,358 --> 01:09:51,208
the support that you've given me.

1279
01:09:51,588 --> 01:09:58,748
And the people I've met, the community
that has formed, and I just want

1280
01:09:58,758 --> 01:10:01,328
everybody to know how much I love you.

1281
01:10:01,588 --> 01:10:05,268
And I also want you to really hear this.

1282
01:10:05,458 --> 01:10:06,438
You can do it.

1283
01:10:06,948 --> 01:10:08,158
This is possible.

1284
01:10:08,178 --> 01:10:11,168
I know you may be sitting in a place
right now where you feel like there's no

1285
01:10:11,168 --> 01:10:13,748
hope, but I don't want you to stay there.

1286
01:10:13,798 --> 01:10:14,698
don't stay stuck.

1287
01:10:15,278 --> 01:10:17,268
There's lots of us out here.

1288
01:10:17,893 --> 01:10:22,093
for you, supporting you, praying
for you, encouraging you.

1289
01:10:22,133 --> 01:10:25,443
So you can do it and just keep listening.

1290
01:10:26,083 --> 01:10:28,153
Becky, thank you from
the bottom of my heart.

1291
01:10:28,153 --> 01:10:32,393
And I thank you on behalf of the entire
community for all that you've given us.

1292
01:10:32,843 --> 01:10:37,643
We'll see you next time on Catchy Up to
FI as a guest co host or another guest.

1293
01:10:38,183 --> 01:10:38,783
That's right.

1294
01:10:38,813 --> 01:10:39,233
That's right.

1295
01:10:39,253 --> 01:10:41,173
Hey, it could happen, right?

1296
01:10:42,303 --> 01:10:42,513
All

1297
01:10:42,653 --> 01:10:43,223
All right.

1298
01:10:43,483 --> 01:10:44,823
We'll, we'll find you out there.

1299
01:10:44,853 --> 01:10:45,693
Take care, Becky.

1300
01:10:46,193 --> 01:10:46,663
Bye bye.