meta_pixel
Tapesearch Logo
Log in
Retirement Answer Man

Overcoming Frugality in Retirement with Dan Crosby

Retirement Answer Man

Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Lifeplanning, Retirementplanning, Financialplanning, Saving, Careerplanning, Self-improvement, Education, Retirementpodcast, Investing, Business, Investmentmanagement, Retirement

4.71.1K Ratings

🗓️ 20 March 2024

⏱️ 50 minutes

🧾️ Download transcript

Summary

For the past ten years, we have been exploring how to do retirement right so that you can get down to the business of living a great life.

This is why this month we have had a series of special guests. Today’s guest is behavioral investment expert and author Dan Crosby. Together we explore why it is so hard to overcome your money mindset and how you can learn to let go to enjoy the money you have worked so long and hard to save.

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

PRACTICAL PLANNING SEGMENT WITH DAN CROSBY

  • [3:38] Overcoming frugality
  • [10:56] How to gain confidence in the midst of uncertainty
  • [19:19] What are things you can do to overcome your frugality

LISTENER QUESTIONS

  • [26:52] How do people in retirement spend less money than more money?
  • [33:44] Does it make sense to use money allocated for a 401K for a second home?
  • [37:33] A comment on this past Retirement Plan Live
  • [39:20] How to fund my HSA in retirement
  • [42:13] How to look for blind spots once you have your feasible plan of record

TODAY’S SMART SPRINT SEGMENT

  • [47:16] Is there something else important that you could add to your life or retirement

Resources Mentioned In This Episode

BOOK - The Soul of Wealth by Dan Crosby

BOOK - The Top 5 Regrets of the Dying by Bronnie Ware

BOOK - Die with Nothing by Bill Perkins

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement by Roger Whitney

Roger’s Retirement Learning Center

Transcript

Click on a timestamp to play from that location

0:00.0

The show is a proud member of the Retirement Podcast Network.

0:03.4

Someone said this in passing the other day and I have not been able to

0:09.3

let loose of it. How much better would the people around you be if you were better?

0:17.0

Hmm.

0:19.0

Welcome to the show, Roger Whitney, yeah. This is the show dedicated to helping you not

0:27.3

just survive retirement but have the confidence to lean in because you're doing the work

0:32.3

so you can rock retirement.

0:34.7

Now by day I am a practicing retirement planner with decades of experience walking this

0:39.9

journey with individuals by night I hang out with you and noodle on not just

0:46.3

retirement but how you actually do this so you can get to the business of living a

0:50.7

great life this is a means to an end, not an end in itself, this retirement planning.

0:55.6

So today on the show, we're continuing to celebrate 10 years of doing this show on a weekly basis.

1:00.4

We're going to have Dr. Daniel Crosby, a behavioral finance expert, author of a

1:05.2

number of a book. He has another book coming out this fall, which I'm sure we'll have

1:08.4

him on for, to talk about overcoming frugality. For those that have had the blessing through hard work and

1:16.3

circumstance and luck and whatever to have choices it can be difficult to actually spend money so we're going to talk through

1:24.4

how to navigate that in addition we're going to answer your questions on the show

1:29.2

next week on the show we're going to have Michael Easter author of the scarcity brain and the New York Times bestseller the Now before we get to Dan Crosby I want to mention two things

1:44.2

Nicole told me to mention two things number one is we have transcripts for the

1:48.2

show we haven't really talked about them if you go to Roger Whitney.com and you go to

1:52.2

an episode show note right there at the top is a button that says, read transcripts.

1:57.0

So if you preferred reading transcripts, you can find them there.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Roger Whitney, CFP®, CIMA®, RMA, CPWA®, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Roger Whitney, CFP®, CIMA®, RMA, CPWA® and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.