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Design Your Life After 50: How to Create Financial Freedom, Purpose, and a Future You Love · Rock My Finances

• 0:00
  Speaker 1: Welcome to the Rock My Finances show on K4HD Radio
• 0:03
  Speaker 1: and Talk4TV, where we put the fun in finance. Join
• 0:08
  Speaker 1: powerhouse Jennifer Jost, CDFA, CMC, and private wealth advisor, as
• 0:13
  Speaker 1: she collaborates with you to create clarity, control, and confidence
• 0:18
  Speaker 1: with your money, your way. It's not about the zeros.
• 0:22
  Speaker 1: So what is it all about? Let's find out. Now,
• 0:25
  Speaker 1: here's your host and weekly friend, Jennifer Jost.
• 0:29
  Speaker 2: Hey y'all, welcome back, Rock My Finances. Today is gonna
• 0:32
  Speaker 2: be really, really fun. Design your life after 60. How
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  Speaker 2: to create your financial freedom, your purpose and future that
• 0:40
  Speaker 2: you love. Now that could be after 30, 40, 50, 60, 70,
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  Speaker 2: like you can just keep going on and on and on, right?
• 0:47
  Speaker 2: What I wanna ask you is a simple question, but
• 0:51
  Speaker 2: I want you to really think about it. If you
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  Speaker 2: could design the next 20 years of your life, what
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  Speaker 2: would they look like? Kind of cool, right? Not what
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  Speaker 2: you think they should look like. Not what your spouse
• 1:02
  Speaker 2: thinks they should look like. Not what your children want
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  Speaker 2: you to look like or your friends or what even
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  Speaker 2: society wants you to look like. What do you want
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  Speaker 2: the next 20 years to look like? Where will you live?
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  Speaker 2: How will you spend your days? What kind of relationships
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  Speaker 2: would you have? How much would you work? Would you work?
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  Speaker 2: What would you do for fun? And what kind of
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  Speaker 2: financial freedom would allow you to enjoy these experiences? I
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  Speaker 2: love this. This is so fun. Now, here's one more
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  Speaker 2: important question. Are you actually building that life? Or are
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  Speaker 2: you just simply continuing the life that already exists? Because
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  Speaker 2: I believe many women reach their 50s and 60s without
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  Speaker 2: ever stopping to ask whether the life they're having, that
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  Speaker 2: they're living, actually reflects the life that they actually want.
• 1:50
  Speaker 2: We just kind of fall into things. We might take moments.
• 1:54
  Speaker 2: of defining transitions to look at things, but we might
• 1:57
  Speaker 2: not take the changes. Like my mom just passed away.
• 2:00
  Speaker 2: So that's a time to reflect and to redesign my life.
• 2:04
  Speaker 2: A job career, retirement, an illness, any of these things
• 2:08
  Speaker 2: that happen, these life transitions, that's the time that we
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  Speaker 2: want to reflect and choose if we want to remain
• 2:16
  Speaker 2: with the life we have, if we want to create
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  Speaker 2: something different. We've spent decades working, raising families, managing responsibilities,
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  Speaker 2: building careers, maybe building businesses, taking care of other people.
• 2:28
  Speaker 2: And somewhere along the way, we've become incredibly good at
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  Speaker 2: managing our lives without necessarily designing our lives. But there's
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  Speaker 2: a difference between getting through your day and creating days
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  Speaker 2: that you genuinely look forward to. And that's what I
• 2:43
  Speaker 2: want to explore. Living by default versus living by design.
• 2:49
  Speaker 2: Think about it. Most of us How do we actually
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  Speaker 2: create our lives? Well, we make a decision, another decision,
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  Speaker 2: another decision, and we choose a career and buy a
• 2:56
  Speaker 2: home and raise kids and take on responsibilities. Before we
• 2:59
  Speaker 2: know it, we're 20, 30 years have passed. Now, there's
• 3:02
  Speaker 2: nothing wrong with the life that we've created. That's wonderful.
• 3:04
  Speaker 2: But here's what I want you to consider. Some of
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  Speaker 2: the decisions you're living with today were made completely different
• 3:11
  Speaker 2: version of you. That could have been you in your
• 3:15
  Speaker 2: 20s or your 30s. When you pick that spouse and
• 3:17
  Speaker 2: that marriage and that state that you want to live
• 3:19
  Speaker 2: in with that house. And maybe you're choosing a different career.
• 3:23
  Speaker 2: Maybe you bought a home because it was close to
• 3:25
  Speaker 2: your children's schools or that's where you wanted to raise
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  Speaker 2: your kids. Maybe your social circle developed around you, just
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  Speaker 2: around you and your marriage, right? Maybe your financial goals
• 3:34
  Speaker 2: were based on supporting a family of five and now
• 3:36
  Speaker 2: they're all gone. And now your circumstances have changed. Maybe
• 3:39
  Speaker 2: your children are grown and your career priorities are different.
• 3:43
  Speaker 2: Your relationships may have evolved and your definition of happiness
• 3:47
  Speaker 2: may no longer look as it did 25 years ago.
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  Speaker 2: Now I know we've all been dreaming of this retirement
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  Speaker 2: or being able to stop working the day job. And
• 3:56
  Speaker 2: so what would that, what would your life look like?
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  Speaker 2: Why would you continue to organize your life around decisions
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  Speaker 2: that were made for you a long time ago? That's
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  Speaker 2: not to say those decisions were wrong by any means,
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  Speaker 2: but I know people that still won't retire because this
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  Speaker 2: is just what they've done forever. Even when their financial
• 4:13
  Speaker 2: advisor is telling them that they can retire and they
• 4:16
  Speaker 2: still won't retire because they're just so afraid of what's next. This,
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  Speaker 2: is exactly the right time. But maybe the right time
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  Speaker 2: for you at 35 was different than it is now
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  Speaker 2: at 60, right? So we got to look at that.
• 4:31
  Speaker 2: What does a successful life look like now at this age?
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  Speaker 2: I want you to think about how you define success
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  Speaker 2: throughout your life. Maybe success meant getting promoted, earning money,
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  Speaker 2: having a beautiful home, raising successful children, or building financial security.
• 4:48
  Speaker 2: Maybe you felt successful with that. And those accomplishments may
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  Speaker 2: have been incredibly meaningful. But what does success mean to
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  Speaker 2: you today? Do you even care about success? How about
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  Speaker 2: success moved into happiness? Maybe it means having control over
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  Speaker 2: your time. Maybe it means waking up without financial anxiety.
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  Speaker 2: Maybe it means spending more money on things that bring
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  Speaker 2: you joy instead of savings for the future. Maybe it
• 5:14
  Speaker 2: means traveling, learning, spending time with friends. Pick a ball, baby.
• 5:18
  Speaker 2: Pick a ball. Maybe it means going first class traveling
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  Speaker 2: instead of on a budget. Maybe it means starting a
• 5:25
  Speaker 2: new business at any age. Maybe it means falling in
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  Speaker 2: love again. Or maybe it means finally having enough peace
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  Speaker 2: and independence to make decisions without constantly considering everybody else's needs.
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  Speaker 2: I think one of the greatest opportunities we have as
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  Speaker 2: we get older is to redefine success based on our
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  Speaker 2: own values. And what I want to be careful for
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  Speaker 2: is confusing success with appearance. A woman can have a
• 5:50
  Speaker 2: beautiful home, an impressive career, substantial assets, and still feel
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  Speaker 2: horrible on the inside. Another one might live very modestly,
• 5:59
  Speaker 2: maybe even just work part-time, but have amazing relationships and
• 6:03
  Speaker 2: feel genuinely happy and joyful in her life. Neither lifestyle
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  Speaker 2: is automatically better. The question is whether your life reflects
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  Speaker 2: what matters to you. Money is just a tool, not
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  Speaker 2: the destination. Now let's talk about financial freedom because money
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  Speaker 2: plays an important role in designing your future. But I
• 6:23
  Speaker 2: want you to think about money differently. Too often we
• 6:25
  Speaker 2: treat it as the destination. When I have a million dollars,
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  Speaker 2: I'll feel secure. When I pay off my half, I
• 6:29
  Speaker 2: can relax. When I can retire, I can start enjoying life. No, no, no.
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  Speaker 2: What if we reserved this, reversed this? What if we
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  Speaker 2: started by designing the life we want, then determined what
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  Speaker 2: financial resources would support it? For example, maybe your dream
• 6:45
  Speaker 2: is to travel internationally twice a year. Maybe live in
• 6:48
  Speaker 2: a smaller home and do a little bit of part-time work.
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  Speaker 2: That's actually meaningful. Maybe you just want to volunteer. That's
• 6:54
  Speaker 2: a very different financial goal from maintaining a large house,
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  Speaker 2: supporting children and retiring completely at 60. Neither goal is
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  Speaker 2: right or wrong, but they have very different financial plans.
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  Speaker 2: And here's something I want you to consider. You may
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  Speaker 2: not need more money to create a fulfilling life. You
• 7:08
  Speaker 2: may need to use your money just differently. I know
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  Speaker 2: a lot of clients come to me with financial anxieties.
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  Speaker 2: And so we create a plan for them that gives
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  Speaker 2: them guaranteed income for the rest of their life and
• 7:20
  Speaker 2: some long-term care benefits. That changes their stress and their anxiety. Now,
• 7:24
  Speaker 2: guess what? Once that's changed, now they can change what
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  Speaker 2: the life looked like in a day of their life today, right?
• 7:31
  Speaker 2: Maybe you're spending thousands of dollars maintaining a home that's
• 7:34
  Speaker 2: bigger than what you really, really want, but you're keeping
• 7:37
  Speaker 2: it for the kids or the grandkids. Now that's up
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  Speaker 2: to you. It's a choice you get to make. Maybe
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  Speaker 2: you're paying for things that no longer bring you joy.
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  Speaker 2: just because you've done it forever. Stop it. Maybe you're
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  Speaker 2: financially supporting other people at the expense of your own
• 7:51
  Speaker 2: retirement security. Stop it or find a way to stop it.
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  Speaker 2: Or maybe you've saved diligently for years and felt guilty
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  Speaker 2: spending money on experiences that you've always wanted. The point
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  Speaker 2: isn't that you suddenly become reckless with money. That's not
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  Speaker 2: what I'm saying. It's about your financial decisions should reflect
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  Speaker 2: your current priorities, which means You got to get to
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  Speaker 2: know yourself a little bit. So I changed everything in
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  Speaker 2: my late fifties and moved from California to North Carolina.
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  Speaker 2: I had to find out about me and what I
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  Speaker 2: wanted in life. And I wanted to experience other state.
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  Speaker 2: It just happens. So happens that I love it here.
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  Speaker 2: So I bought my home and I've settled here, but
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  Speaker 2: I had to find out about me and what I want.
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  Speaker 2: Can I do that? Do I have the courage to
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  Speaker 2: go somewhere and make all new friends? Is that something
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  Speaker 2: that I want to do? So I tested it out.
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  Speaker 2: I rented, I rented for like six years. all around
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  Speaker 2: the place. I went to South Carolina. I mean, Southern California,
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  Speaker 2: I went to Beverly Hills. I went to LA. I
• 8:48
  Speaker 2: went to San Diego. So I rented in different places
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  Speaker 2: to see where I really kind of wanted to just
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  Speaker 2: enjoy life and see where I wanted to like, and
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  Speaker 2: I didn't really think about ending up. I just wanted
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  Speaker 2: to have fun and that's okay. Just go have fun
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  Speaker 2: because you will take you to your next step. Right.
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  Speaker 2: And I ended up in North Carolina, bought a home.
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  Speaker 2: I love it. beautiful i'm in an amazing community of
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  Speaker 2: such amazing friends and i'm near my family like it's
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  Speaker 2: great i pulled them all over here too so that's
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  Speaker 2: great i know making big changes like this is scary
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  Speaker 2: right i did move away from a lot of my
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  Speaker 2: um my friends and everything but we have airplanes and
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  Speaker 2: we visit but there's one thing that stops us the
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  Speaker 2: fear of running out of money one of the biggest
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  Speaker 2: obstacles of join life after 50 is financial fear and
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  Speaker 2: some fears absolutely reasonable and real Retirement can last decades.
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  Speaker 2: Hopefully it does. Healthcare costs can be very unpredictable. Inflation
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  Speaker 2: can affect what our money's actually going to buy. And
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  Speaker 2: the investment markets fluctuate all the time. So how much
• 9:50
  Speaker 2: money are we actually going to have? We also have
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  Speaker 2: no control over our taxes. So we actually have no
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  Speaker 2: idea how much money we're going to take out of
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  Speaker 2: that 401k when it comes time. You don't know what
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  Speaker 2: your tax bracket is going to be. We have no
• 10:02
  Speaker 2: control over that. So many women face the possibility of
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  Speaker 2: managing their own finances independently for a significant portion of
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  Speaker 2: their lives. Those are legitimate planning concerns. But there's a
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  Speaker 2: difference between being financially responsible and allowing fear to control
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  Speaker 2: every decision. I've seen women who've worked really hard, saved
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  Speaker 2: diligently and created substantial financial security, but still will not
• 10:26
  Speaker 2: spend on themselves. Like I literally have them do a
• 10:29
  Speaker 2: fun bucket. So they have to do like an acorn
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  Speaker 2: app or something so that when you spend $ 5 and
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  Speaker 2: 50 cents, 50 cents goes into that app and $ 6
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  Speaker 2: comes out of your account. So I call this their
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  Speaker 2: fun account. We have to, they have to spend that
• 10:41
  Speaker 2: money on themselves every month. They, we are, our money
• 10:45
  Speaker 2: muscle has to be trained. And if we've been saving,
• 10:48
  Speaker 2: scrimping and never spending on ourselves, we're not putting ourselves
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  Speaker 2: as a priority. And that shows up in all areas
• 10:53
  Speaker 2: of our life, usually our health, our wealth, all of it. Right.
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  Speaker 2: So we want to spend that money, even if it's
• 10:59
  Speaker 2: 50 bucks a month, 100 bucks a month, 2000 a month,
• 11:01
  Speaker 2: whatever it is, whatever that little extra fund bucket is,
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  Speaker 2: you have to spend it on yourself. You have to
• 11:06
  Speaker 2: make yourself a priority when it comes to money. They'll
• 11:08
  Speaker 2: help their children. They'll help others. They'll pay off every
• 11:11
  Speaker 2: bill on time. But when it comes to taking a
• 11:13
  Speaker 2: trip or doing something for themselves, they hesitate. They worry
• 11:17
  Speaker 2: that something terrible might happen. And I can understand that.
• 11:21
  Speaker 2: But if you have a financial plan and you have
• 11:22
  Speaker 2: a plan on what's happening and you plan for every
• 11:25
  Speaker 2: what if, then you should be fine to be able
• 11:28
  Speaker 2: to spend some money on yourself and let go of
• 11:29
  Speaker 2: some of that anxiety. Because guess what? That anxiety is
• 11:32
  Speaker 2: not going to help your health, right? We want you
• 11:34
  Speaker 2: to live a long, prosperous life. A thoughtful retirement plan
• 11:38
  Speaker 2: can help evaluate everything. How much money do you income?
• 11:41
  Speaker 2: Do you need your expenses? You know, the flexibility, the
• 11:46
  Speaker 2: risks have to be managed, all of that. But the
• 11:49
  Speaker 2: cost of waiting. Let's talk about something that becomes increasingly
• 11:53
  Speaker 2: important as we get older. When we were younger, we
• 11:56
  Speaker 2: often assume that we have endless opportunities to do all
• 12:00
  Speaker 2: this later and later and later. I'll travel when the
• 12:02
  Speaker 2: kids are grown. I'll take that class later when work
• 12:05
  Speaker 2: slows down. I'll spend more time with my friends when
• 12:09
  Speaker 2: I retire. You know, we'll pursue that dream when we
• 12:12
  Speaker 2: have enough money. We'll travel later. Here's the reality. We
• 12:16
  Speaker 2: don't know exactly how much time we have, y'all. We
• 12:19
  Speaker 2: just don't. And while financially planning requires thinking about the future,
• 12:24
  Speaker 2: living a meaningful life also requires paying attention to today,
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  Speaker 2: how you feel today. I don't want you spending every
• 12:32
  Speaker 2: dollar today without considering tomorrow, but I also don't want
• 12:35
  Speaker 2: you spending every dollar tomorrow without considering today. It will
• 12:39
  Speaker 2: cut your life down if you're full of stress and
• 12:42
  Speaker 2: anxiety about it. Maybe you don't need to wait until
• 12:44
  Speaker 2: retirement to travel. I just had a couple of few
• 12:47
  Speaker 2: years ago saying, okay, you have to spend $ 5, 000 on
• 12:50
  Speaker 2: travel this year. And they did. Like you have to,
• 12:54
  Speaker 2: there's a lot of have tos when you have a
• 12:56
  Speaker 2: financial advisor that helps you do these things, right? Adjust
• 12:59
  Speaker 2: your work schedule. Do you really have to take overtime?
• 13:02
  Speaker 2: Do you really need to put up with the boss
• 13:03
  Speaker 2: that keeps contacting you after hours or on weekends? No,
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  Speaker 2: maybe you can spend more time with the people that
• 13:09
  Speaker 2: you love or again, playing pickleball, just saying. Maybe you
• 13:13
  Speaker 2: can create a smaller version of the life you want
• 13:15
  Speaker 2: while continuing to prepare financially for the future that you desire.
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  Speaker 2: That's the intentional living looks like. That's what it looks like.
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  Speaker 2: Intentional living looks like. It's not choosing between today and tomorrow.
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  Speaker 2: It's learning how to honor both. So who's in your
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  Speaker 2: next chapter? I want to shift to attention to relationships
• 13:34
  Speaker 2: because a lot of women think they're designing their future.
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  Speaker 2: They often focus on where they're going to live and
• 13:39
  Speaker 2: how much money they'll have and where they're going to retire.
• 13:41
  Speaker 2: But I also want to ask the question, who's in
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  Speaker 2: there with you? I'm not only talking about romantic relationships, friendships, family, community.
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  Speaker 2: Are you going to be around family? Are you going
• 13:52
  Speaker 2: to be the grandparent that's always around? Are you going
• 13:54
  Speaker 2: to travel? Are you single like me and you want
• 13:57
  Speaker 2: to go where there's more men availability? Not in California,
• 14:01
  Speaker 2: but maybe another state. There might be more men, right?
• 14:04
  Speaker 2: What's the show I love hot in Cleveland? Maybe you
• 14:07
  Speaker 2: need to take a trip to Cleveland and go get
• 14:09
  Speaker 2: checked out in a bar to make you feel good.
• 14:11
  Speaker 2: I don't know. And sometimes we discover that relationships we've
• 14:15
  Speaker 2: depended on for years no longer provide the same connection.
• 14:17
  Speaker 2: So ask yourself, who makes you laugh? Who encourages you?
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  Speaker 2: Who can be completely you can be completely yourself around
• 14:25
  Speaker 2: and how you enjoy spending time with them. Do you
• 14:28
  Speaker 2: sometimes you feel maybe drained or criticized or obligated? Believe
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  Speaker 2: I believe relationships deserve the same intentional attention that we
• 14:36
  Speaker 2: give our careers and our finances. because you can have
• 14:39
  Speaker 2: financial security and still feel deeply lonely and unfulfilled. And
• 14:43
  Speaker 2: you can also have a modest lifestyle and feel incredibly
• 14:47
  Speaker 2: wealthy for the people that are around you. So what
• 14:50
  Speaker 2: are you willing to let go of? Here's something that
• 14:52
  Speaker 2: we don't think enough about when we're designing our new chapter.
• 14:56
  Speaker 2: Sometimes creating the life we want requires letting go that
• 14:59
  Speaker 2: no longer fit. And I know this is really hard
• 15:01
  Speaker 2: for women. This could be possession, responsibilities, expectations, relationships, habits.
• 15:08
  Speaker 2: Sometimes it's people. Sometimes it's responsibilities. Maybe you've been the
• 15:12
  Speaker 2: family organizer for 30 years and maybe you don't want
• 15:15
  Speaker 2: to be that anymore. Maybe everybody always calls you for help.
• 15:19
  Speaker 2: Maybe you don't want to do that. Maybe you don't
• 15:20
  Speaker 2: want to host holidays and maybe you don't want to
• 15:23
  Speaker 2: manage every detail for the parents. You need to have
• 15:25
  Speaker 2: your sisters do it or your brother do it. And
• 15:27
  Speaker 2: maybe perhaps you've reached a point in something different, but
• 15:30
  Speaker 2: you feel guilty. You worry about the people that you're
• 15:32
  Speaker 2: going to disappoint. You worry about what they think, how
• 15:35
  Speaker 2: you've changed. Maybe That's okay. Growth often requires us to
• 15:41
  Speaker 2: reconsider the roles that we've accepted. You can love your
• 15:44
  Speaker 2: family without being responsible for every need. You can care
• 15:47
  Speaker 2: about your friends without saying yes to every invitation. Like
• 15:51
  Speaker 2: right now with the death of my mom and with
• 15:54
  Speaker 2: work right now, everything I say is it's possible game
• 15:59
  Speaker 2: day decision. It's possible. I'd like to, we'll see if
• 16:02
  Speaker 2: my schedule allows it. Like I can't make any decisions
• 16:06
  Speaker 2: right now for sure. So everything has to be, it's
• 16:09
  Speaker 2: possible and flexible. And my friends just have to know
• 16:12
  Speaker 2: that they're very important to me. But during this time
• 16:14
  Speaker 2: right now, I have to take care of me, myself.
• 16:17
  Speaker 2: I'm grieving. And if it doesn't work, it doesn't work.
• 16:20
  Speaker 2: And my business comes next right now because we're starting
• 16:22
  Speaker 2: this new business. But you know, it's okay. And they understand.
• 16:26
  Speaker 2: And you can create a healthier boundary without becoming selfish. Also,
• 16:31
  Speaker 2: don't forget your health is part of your health, your wealth.
• 16:35
  Speaker 2: I want to talk to you about something that deserves
• 16:37
  Speaker 2: every consideration for your future is your health. Our financial
• 16:40
  Speaker 2: freedom means something very different if we don't have the
• 16:43
  Speaker 2: energy or the physical ability to do it. Now, none
• 16:46
  Speaker 2: of us can control every aspect, but we can make
• 16:49
  Speaker 2: choices to support our well-being. Movement, sleep, nutrition, preventative care,
• 16:54
  Speaker 2: meaningful relationships, stress management all deserve attention, which means you
• 17:00
  Speaker 2: have to get to know yourself. to feel how stress
• 17:02
  Speaker 2: is affecting you and your anxiety is affecting you. And
• 17:05
  Speaker 2: I want you to think about health as an investment
• 17:07
  Speaker 2: in your future experiences. Maybe you want to travel. Maybe
• 17:10
  Speaker 2: you want to play with grandkids. Maybe you want habits
• 17:13
  Speaker 2: today to support those goals. What happens if you can't
• 17:16
  Speaker 2: run around with grandkids in 10 years from now? Because
• 17:19
  Speaker 2: your knee hurts, because you're not taking care of it now.
• 17:21
  Speaker 2: You're not doing the stretches. I could not live my
• 17:24
  Speaker 2: life without my chiropractor, which I'm going to do right
• 17:26
  Speaker 2: after this, and my Pilates. I could not. I'd be
• 17:29
  Speaker 2: in pain so much. Like, You have to take care
• 17:32
  Speaker 2: of our health. Stop waiting for everyone else to be ready.
• 17:35
  Speaker 2: I think women are particularly good at putting off their
• 17:38
  Speaker 2: own dreams on hold for everyone else to be ready. No,
• 17:41
  Speaker 2: I want you to consider something. What if the people
• 17:43
  Speaker 2: you love don't need you to postpone your happiness? What
• 17:46
  Speaker 2: if they're capable of adapting? What if their creative and
• 17:50
  Speaker 2: fulfilling life for yourself actually gives them permission to do
• 17:53
  Speaker 2: the same? You don't have to abandon your responsibilities, but
• 17:57
  Speaker 2: you can stop assuming that your needs should always come last.
• 18:01
  Speaker 2: So the next 20 years are not a waiting room.
• 18:06
  Speaker 2: I want you to imagine you're 60 years old. Now
• 18:09
  Speaker 2: imagine you're 80. That's 20 years. Think about everything that
• 18:13
  Speaker 2: could have happened or think about everything that did happen
• 18:16
  Speaker 2: between your 40 years and your 60 years. Those 20 years.
• 18:20
  Speaker 2: That's crazy, right? That's crazy. So I want you to
• 18:26
  Speaker 2: look at all your experiences you've had, the people that
• 18:30
  Speaker 2: you've met, The things that you've learned, the challenges you've navigated,
• 18:34
  Speaker 2: the ways you've changed. Why would we assume that the
• 18:38
  Speaker 2: next 20 years cannot be equally as meaningful, right? Maybe
• 18:43
  Speaker 2: you move to a different place like I did. Maybe
• 18:46
  Speaker 2: you'll start a business at 60 like I did. And
• 18:49
  Speaker 2: maybe you don't want women treating the last 50 years
• 18:52
  Speaker 2: that they're going through simply waiting for life to wind down.
• 18:56
  Speaker 2: There's still opportunities to grow, learn, love, create, contribute, and
• 18:59
  Speaker 2: experience joy. All right, here's your coaching homework. Design your
• 19:03
  Speaker 2: next chapter. I want you to take some time this
• 19:05
  Speaker 2: week to create the vision for your future. Not a
• 19:08
  Speaker 2: rigid plan that's assuming everything will happen exactly as expected,
• 19:11
  Speaker 2: but a thoughtful picture of the life that you want
• 19:14
  Speaker 2: to build. Exercise number one, your ideal ordinary day. Imagine
• 19:19
  Speaker 2: yourself waking up five years from now. Where will you
• 19:22
  Speaker 2: be living? What does your morning look like? What are
• 19:24
  Speaker 2: you working on? Part-time? Full-time? Who do you spend your
• 19:27
  Speaker 2: time with? What activities fulfill your day? I don't want
• 19:30
  Speaker 2: you describing a vacation. I want you to describe it
• 19:33
  Speaker 2: an ordinary Tuesday because fulfilling life isn't about built around
• 19:37
  Speaker 2: extraordinary experiences. It's about your everyday life. Exercise number two,
• 19:42
  Speaker 2: your financial freedom number. Think about the lifestyle that you've described.
• 19:46
  Speaker 2: What would it cost each month? And then what income
• 19:49
  Speaker 2: sources do you have to support it? What assets or
• 19:52
  Speaker 2: savings would you need? Maybe your financial advisor can help
• 19:55
  Speaker 2: you with this part. What financial responsibilities might need to change?
• 19:59
  Speaker 2: And what questions should explore with a financial professional? The
• 20:03
  Speaker 2: goal here is to calculate your magic number that guarantees happiness.
• 20:06
  Speaker 2: It's not to guarantee happiness, but to connect your financial
• 20:09
  Speaker 2: decisions with the life that you want. Exercise number three,
• 20:13
  Speaker 2: your life priority audit. Rate your satisfaction from one to 10.
• 20:17
  Speaker 2: Number one, financial security. Number one to 10. Rate your
• 20:21
  Speaker 2: satisfaction from one to 10 in these areas for right now.
• 20:25
  Speaker 2: How about health and energy?
• 20:26
  Speaker 1: One to 10.
• 20:27
  Speaker 2: How about relationships and connection? One to 10. Purpose and
• 20:30
  Speaker 2: meaningful work. One to 10. Fun, adventure, and enjoyment. One
• 20:35
  Speaker 2: to 10. personal growth and learning, one to 10. Choose
• 20:38
  Speaker 2: two areas with the lowest scores. What would one point
• 20:42
  Speaker 2: improvement look like? And could you do that within 30 days?
• 20:46
  Speaker 2: Like let's begin to start making improvement. Exercise number four,
• 20:50
  Speaker 2: your start, stop and continued list. Write down three things
• 20:55
  Speaker 2: you're ready to stop doing, three things you want to
• 20:57
  Speaker 2: start doing and three things that you are doing that
• 21:01
  Speaker 2: are wonderful that you want to continue. Make sense? Remember,
• 21:04
  Speaker 2: designing your next chapter doesn't mean everything has to change.
• 21:08
  Speaker 2: Some things, some things are like amazing. Like I'm not
• 21:11
  Speaker 2: changing pickleball. I love it. Exercise number five, your 90
• 21:15
  Speaker 2: day action plan. Choose three meaningful goals for the next
• 21:18
  Speaker 2: 90 days. One financial and one personal and one relationship
• 21:22
  Speaker 2: goal and one health goal, health or lifestyle. OK, so
• 21:27
  Speaker 2: we got financial, personal relationship and then a light health
• 21:32
  Speaker 2: and lifestyle goal. So for each goal, I want you
• 21:34
  Speaker 2: to identify an action, the date that you're going to
• 21:37
  Speaker 2: complete it and how you're going to measure the progress.
• 21:39
  Speaker 2: Keep these goals realistic because I want vision become meaningful
• 21:44
  Speaker 2: when you take action on it. It actually solidifies it
• 21:47
  Speaker 2: in your body. Your closing thought. I want to leave
• 21:50
  Speaker 2: you with one question. If you knew that the next
• 21:54
  Speaker 2: 20 years could be some of the most fulfilling years
• 21:57
  Speaker 2: of your life, what would you start doing differently today?
• 22:02
  Speaker 2: Would you spend your money differently? Would you change your priorities?
• 22:06
  Speaker 2: Would you change the people that you're spending time with?
• 22:09
  Speaker 2: Would you pursue something you're postponing? Would you worry less
• 22:13
  Speaker 2: about money? Gosh, I hope. I'm so glad you were
• 22:15
  Speaker 2: all here. I hope you enjoyed it. I don't want
• 22:18
  Speaker 2: you waiting for retirement or financial perfection or the perfect
• 22:21
  Speaker 2: relationship or someone else's permission to begin living your life intentionally.
• 22:27
  Speaker 2: Design your next 20 years, y'all. And I want you
• 22:31
  Speaker 2: all to be able to say, I rock my finances.
• 22:35
  Speaker 1: We appreciate you joining us today. And don't forget to
• 22:38
  Speaker 1: subscribe to the Rock My Finances YouTube channel for more
• 22:41
  Speaker 1: engagement and bonus content. Tell me, what is your money story?
• 22:46
  Speaker 1: Let's find out with Jennifer right here on K4HD Radio
• 22:50
  Speaker 1: and Talk4TV. It's not about the zero. It's about the
• 22:54
  Speaker 1: F word, feelings. Feelings Jennifer can't wait to explore with
• 22:58
  Speaker 1: you next week. Until then, let's all say, I rock
• 23:02
  Speaker 1: my finances.