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A Thousand Natural Shocks With Gabe S. Dunn

There's No Magic (aka Retirement)

A Thousand Natural Shocks With Gabe S. Dunn

Gabe Dunn | Diamond MPrint Productions

Society & Culture, History, News, Personal Journals, News Commentary, Self-improvement, Education

4.52.6K Ratings

🗓️ 10 May 2017

⏱️ 44 minutes

🧾️ Download transcript

Summary

Gaby explores the conundrum of saving for retirement. So much of the rhetoric around retirement has to do with rewarding yourself for a life of hard work - but what if you can barely afford to live your life in the present? Why should you bother fixating on the future? Featuring Bola Sokunbi (clevergirlfinance.com), Ken Raskin (Allison's dad), and Piggy and Kitty of bitchesgetriches.com. Learn more about your ad choices. Visit podcastchoices.com/adchoices Advertising Inquiries: https://redcircle.com/brands Privacy & Opt-Out: https://redcircle.com/privacy

Transcript

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0:00.0

Hey, it's Gabby Dunn. If you want to listen to Bad With Money without ads, the best way

0:04.4

to do that is by signing up for Stitcher Premium. Just go to StitcherPremium.com or the Premium

0:09.1

tab in your Stitcher app and sign up with the promo code Money to try a free month of

0:13.5

premium listening. You'll get ad free listening to Bad With Money as well as all Stitcher and

0:18.0

Earwolf shows. And your premium subscription supports our show directly too. That's StitcherPremium.com

0:23.7

promo code Money for a free month of premium listening. Thank you!

0:53.9

Hey, I'm Gabby Dunn. Welcome to the Retirement edition of Bad With Money. An episode about long-term

1:02.1

financial planning coming to you in the midst of a political reality where we're not even sure

1:06.8

we'll make it through the summer. You gotta say it with a smile. Otherwise you'll cry.

1:13.6

Guys, as you may recall from Season 1 Episode 2 of Bad With Money with financial psychologist Dr.

1:20.1

Brad Klons, I, until recently, hadn't thought at all about retirement. In that episode, Dr. Brad and I

1:26.4

figured out that in order to have $50,000 a year to spend after I retire, I needed to come up with

1:32.3

a plan to put aside $1.5 million over the course of the next 22 years. But I had a better idea.

1:39.5

And so I just need to do one big Michael Bay movie. Yeah, that's it. And so that's plan...

1:47.2

Don't touch that money ever again. And that's so I would call that plan B.

1:51.3

Plan B. Plan B. Plan B is. It's plan B. Plan Michael Bay.

1:58.0

That's the way I thought about retirement when I started this show. For someone like me who works

2:02.4

in show business, I don't know if you guys know, I work in show business. It's very stressful and

2:06.9

not climbers at all. The only way it made sense to think about not working anymore would be for some

2:12.2

giant opportunity to come along that might make not working any more theoretically possible.

2:17.1

Otherwise, I assumed I'd pretty much just work until I fell over. Or until I got nominated for an

2:22.8

Oscar like June Squibb, you know, like at an older age when I'm finally appreciated. But there are

...

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