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Retire With Purpose - The Retirement Podcast

480: Freedom After 50: The Shadow Side of Wealth - Exploring the Wise Wealth Matrix - Part 3

Retire With Purpose - The Retirement Podcast

Casey Weade

Education, Business, Self-improvement, Investing

4.7564 Ratings

🗓️ 24 January 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

Are you using your net worth as a score card? Join us for Part 3 of our exploration of the Wise Wealth Matrix and find out how wisdom can help you redefine wealth as a tool for meaning, balance, and connection. 

In this episode, we discuss: 

  • 3 cultural norms most distorted by modern society
  • Risks associated with the pursuit of "more"
  • Pros and cons of "hustle culture"
  • How to live authentically

Listen in as Casey Weade is once again joined by Les McDaniel to discuss the Wise Wealth Matrix and how applying wisdom can transform your perspective on wealth.

To receive your FREE WISE Wealth Assessment worksheet, text WISE to 888-599-4491

Our Market Outlook Webinar is live! Visit https://bit.ly/4bmHkUb to register.

Show Notes: Howardbailey.com/480

Rate & Review the Podcast: RetireWithPurpose.com/review

📧 WEEKEND READING FOR RETIREES: Receive CFP® insight on 4 hand-picked financial articles delivered straight to your Inbox each Friday: https://bit.ly/3OEdGgu 

📅 SCHEDULE YOUR PERSONAL FINANCIAL REVIEW: Book a 15-minute call with Howard Bailey Financial to see how the topics discussed here apply to your individual situation: https://bit.ly/3z5mXIw 

ABOUT HOWARD BAILEY FINANCIAL: Our mission is to help others gain clarity in purpose and elevate meaning in their lives through personal and practical financial strategies. Our Retire With Purpose™ Framework starts with establishing your unique financial philosophy — the true meaning and purpose for your money in retirement. Through continued education, one-on-one meetings, and a comprehensive team planning approach, we have helped retirees across the country secure their financial futures. And while we can't work with everyone, our goal is to provide value to everyone we meet. Our team of advisors and support specialists strive to deliver the very best experience in pre-retirement and retirement planning. Learn more about our process here: https://howardbailey.com/our-process

Transcript

Click on a timestamp to play from that location

0:00.0

After nearly 20 years in the wealth management business, it's very clear from where I sit that

0:05.3

we live in a culture that celebrates wealth as a pinnacle of achievement. It shows up in our

0:10.8

relationships. It shows up in our relationship with others and our relationship with our own

0:15.2

wealth, our relationship with our health, for that matter. And it's holding so many back from

0:20.4

meaningful pursuits that drive purpose

0:22.9

and meaning in your life. Today, we should light on this fact, and ultimately will lead you to a place

0:29.4

of greater self-awareness and ultimately impact in the areas of your life that matter most to you.

0:44.2

Music of your life that matter most to you. Hey, this is Casey Weed, and it is my mission to deliver clarity and purpose and elevate

0:48.6

meaning in your life. If you're new to the podcast, I want you to know what to expect. We're

0:53.1

going to have both financial and non-financially related conversations here on the podcast, week in and week out.

1:00.3

We're going to bring you world-class guests at a variety of different topics, and then

1:04.2

we'll get together with you every Friday, and we'll be discussing both financial and non-financial

1:08.8

topics. Now, those non-financial topics,

1:11.2

I want you to know what you're listening to. And that's why this is named Freedom After 50.

1:16.1

So this series, Freedom After 50, this is where you're going to get into what many might argue are the more meaningful aspects of retirement planning.

1:25.4

And maybe you say, well, that's not for me. I'm going to get to the financial

1:28.2

stuff. We'll just go on to the next podcast and you can get right into that. But if you're focused

1:33.2

on truly freedom after 50, then this is the place for you. And today, we're going to be covering

1:40.2

the shadow side of wealth. We're exploring the Wise Wealth Matrix. This is part three of our series,

1:47.2

the Wise Wealth Matrix series. I encourage you if you have not yet listened to Part 1 and Part 2,

1:52.3

go back, listen to those two segments, and you will be right on the path, get caught up with us,

1:57.6

so that we can have a meaningful conversation about wealth and impact together.

...

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