Episode 397: How to Spend, Save & Find Joy Before and After Retirement w/ Christine Benz

Journey To Launch

Jamila Souffrant

Finances, Business, Realestateinvesting, Entrepreneurship, Earlyretirement, Investing, Budgeting, Wealth

5 • 1.7K Ratings

🗓️ 23 October 2024

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week on the Journey to Launch podcast, I am speaking to Christine Benz, Director of Personal Finance at Morningstar. Christine shares her insights on how to retire and addresses certain issues that come up during retirement such as safe spending rates and the under-spending problem. She advises early retirees to be flexible with withdrawals, highlights the importance of finding balance in retirement, such as community service and hobbies and stresses the value of micro joys and small daily activities that bring joy and purpose.

In this episode Christine shares:

Her entrepreneurial role within Morningstar, where she has freedom to build the personal finance vertical while enjoying the security of a paycheck.
The importance of communication skills and building subject matter expertise which can lead to better career opportunities.
How spending in retirement often fluctuates, why you should diversify income streams and advice on balancing tax-sheltered accounts and taxable savings for more flexibility in early retirement.
Why you should live a fulfilling life now to avoid pent-up demand in retirement, the benefits of taking breaks and finding balance in life + more.

Transcript

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0:00.0	Just make sure that you have things in every day that give you a chance to pursue some.
0:08.0	Jordan Grummet calls them small pee purposes, like things, you know daily things, daily hobbies, bird watching,
0:17.0	running, whatever it is. Ideally you would have some things like that that you can
0:21.2	practice every day even as you are aspiring
0:23.7	to some bigger ticket goals.
0:27.8	Welcome to the Journey to Launch Podcast with your host Janila Sufrant as a money expert who walks her
0:35.0	talk. She helps brave journeys like you get out of debt, save, invest, and build
0:41.2	real well. Join her on the journey to launch to find invest in
0:45.0	and build real well. Join her on the journey to launch to financial freedom in five, four,
0:48.0	three, two, one. 1.
0:59.0	Hey, hey, Juniors, I have some exciting news. I am bringing back my personalized group coaching program for the month of November.
1:05.0	So I've gotten so many requests, how can you work with me, how can I ask you questions,
1:10.0	I just need some one-on-one help or just some guidance on applying what I'm learning from
1:15.1	your podcast or the book to my life and so now is your chance so if you're
1:19.6	listening to this in real time my group coaching program is back up and so you can join me in the month
1:25.6	of November very small intimate group settings where we'll be doing live classes
1:30.7	and you can ask me questions submit questions in advance.
1:34.0	You'll get access also to my signature course,
1:37.0	map your path to financial independence.
1:39.0	This course breaks down step by step how to break free from traditional work systems,
1:44.0	relief, financial stress, and build a life filled with freedom.
1:47.5	And so you'll have access to the course right away once you sign up
	...

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