3 Regrets From My Clients Who Retired Early
Early Retirement - Financial Freedom (Investing, Tax Planning, Retirement Strategy, Personal Finance)
Ari Taublieb, CFP®, MBA
4.7 • 583 Ratings
🗓️ 15 April 2024
⏱️ 18 minutes
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| 0:00.0 | Today's episode is a special one. And it's because I asked a lot of my clients, I said, hey, what are some regrets that you have about your retirement? They go, what do you mean? I go, well, you retired now and there's a decision to retire now. Was that financial? Was that emotional? What are you going through so far? The fact that you are retired, a lot of people want to retire early, just like you. What are some things you wish you would have done? Some of them said there's really not that much. Others said, you know what, well, I really wish I would have done some of these things differently. And if you could pass this along to your listeners in any capacity, if I can help anyone else feel more confident about an early retirement, I'd be happy to share that. So they shared that with me and I get to come on and tell all of |
| 0:38.6 | you guys about it. So I'm going to go through some of those regrets today so that you can go, yeah, you know what, I'm going to think a little differently about my retirement. And if I'm five, 10 years out from retirement, here's what I'm going to start thinking through now. Or if you're one year out from retirement, here's what you're going to do to prepare for that next year. |
| 0:54.7 | So I want to make sure that all of you're going to do to prepare for that next |
| 0:54.3 | year. So I want to make sure that all of you are listening are getting complete value from the show. |
| 0:59.3 | I am going to go over a recent review of the week and then we're going to hop right in. So this one |
| 1:03.7 | comes from Jake 8496. Ari covers topics that help me think what is needed to possibly retire early. Each week, |
| 1:13.1 | he has a great new topic of things that I would not have considered myself, which is why I |
| 1:16.9 | listened to the show. Thank you, Ari, for helping me consider all these things I would not have |
| 1:21.3 | considered to retire early successfully. You're very welcome. That's why I love doing the show. |
| 1:26.5 | In my opinion, my job is not to say, do all these things. It's say, hey, here are things to consider. Here are things to not worry about. This is head trash. Here are some perspective. You may just have not have heard because you haven't retired yet. So really, these regrets, these are regrets from my clients. Everyone's got a unique story and I actually want to bring more of them onto the show. I've had other clients come on the show and hopefully you found those have been helpful. I want to do more of that. So what I'm going to do is start with a client story and then you're going to get the logic behind it. So I asked one of my clients, hey, what's the main regret? And their first thing that they said |
| 2:01.5 | was, I just wish I didn't work so hard unnecessarily, meaning they were working so hard, |
| 2:07.6 | and we were talking about it at length, and they went, Ari, please, like, I didn't really feel this |
| 2:12.2 | until, and they were trying to tell me, like, hey, you need to focus on this as well. Like, |
| 2:16.4 | there's always going to be more emails, there's always going to be more emails. |
| 2:17.9 | There's always going to be more tasks. There's always going to more duties. I stayed in a job too long because I was scared to tell my boss that I could quit because financially I was in a good spot. But I just, I got a sense. I wasn't 100% sure that my boss wasn't in a good spot. So I wanted to almost stick it out for my boss, |
| 2:34.9 | even though it was taking a burden on me. Now, I didn't even know my client to that degree, |
| 2:40.2 | but they were really sharing some in-depth details. And we were talking about it. And a lot of you |
| 2:45.8 | know the book Atomic Habits, but James Clear is the author. And he says, hey, I really, like, |
| 2:52.2 | what are you optimizing for? |
| 2:57.0 | He's bringing that up as a theme throughout the book because it's really easy to over optimize. |
| 3:03.6 | And I know personally, I oftentimes really love what I do so much so that my partner Alice goes, |
| 3:07.7 | hey, are we still on track for date night because we do date nights every Thursday? |
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