Ep 436: Kick It: How To Push Limits To Tackle Your Physical and Fiscal Goals

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.8 • 1.3K Ratings

🗓️ 14 August 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

Learning something new can be daunting, especially as you get older. But here’s the thing, the sooner you master a new skill, whether it be how to invest in the stock market, manage your debt, or take on a new sport — the closer you are to mastering it. Gwendolyn Bounds, author of “Not Too Late: The Power of Pushing Limits At Any Age,” wants you to ignore that nagging voice at the back of your head that says that you don’t know enough to get started and just take the first step. She did that when she took on Spartan Racing at age 47 and today, we’re talking about the parallels between striving for financial and physical goals at any age. Takeaways: Setting big goals, whether they be physical or financial, and breaking them down into smaller steps is the key to achieving personal growth. Overcoming financial and physical challenges requires perseverance and a willingness to push yourself beyond your comfort zones. Financial and physical challenges share similar processes of setting goals, learning new steps, getting out of your comfort zone, and seeing incremental improvements add up. It's never too late to start pushing limits and pursuing new financial challenges. Chapters: 00:00 Introduction 03:04 The Power of Learning New Skills in Middle-Age 06:39 Embracing New Challenges, Spartan Racing 12:17 Similarities Between Personal Finance and Exercise 19:13 Overcoming Fear 23:54 Finding Patience in Plateaus and Setbacks 33:18 The Connection Between Financial and Physical Well-being 35:46 Transition to Mailbag 39.30 Mailbag Q 1: Should I take out a reverse mortgage? 43.51 Mailbag Q 2: Should I invest my HSA money? Have a question for us? Write to us at [email protected]. While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com. Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney. Please contact [email protected] if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an airwave media podcast.
0:06.0	Her money is proudly sponsored by Edelman Financial Engines.
0:09.0	You saved for college, for a house, and for retirement,
0:12.0	and now that you're on your own it's time to put yourself
0:16.1	first. Is your money buying you the life that you want? If you're not sure, learn
0:21.6	more by scheduling a complimentary wealth checkup today at
0:25.8	plan E.F.com slash Her Money.
0:29.0	Hey everybody, I'm Jean Chatsky. Thanks so much for joining me today on her money where we talk about how personal finance and money touches everything in our lives and by everything I mean pretty much everything I am
0:51.1	really excited today to talk to Wendy Boundes.
0:56.0	Gwendolen Boundes is her byline.
0:58.9	She is a former Wall Street Journal reporter who took up Spartan racing at age 47 and is basically
1:09.8	killing it. I mean she is doing incredibly well. She is coming in at the top of her age group in many of these races, but even if she wasn't killing it, just the fact that she is doing
1:27.4	it is amazing to me.
1:31.6	I have known of Wendy for years. We share a good mutual friend and I have followed
1:41.9	her writing career, but I never knew this part of her life.
1:49.5	I never knew this part of her journey because it really is a journey and here's the thing
1:58.6	about taking on any big challenge.
2:05.0	Whether it is a physical challenge, like the one that Wendy is undertaking,
2:12.0	like the marathon that I am training for and really hoping to run in
2:18.1	November or it's a financial challenge the steps that we have to take to get there are the same.
2:28.4	When we aim to accomplish something big, whether it is saving for a house, retiring in the fashion
2:41.0	that we want, putting kids through college,
	...

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