Why You Are (Probably) Planning for the Wrong Things in Retirement

Stay Wealthy Retirement Podcast

Taylor Schulte, CFP®

Financialplanning, Retirement, Money, Taxplanning, Stocks, Wealth, Business, Investing, Retirementplanning

2.4 • 606 Ratings

🗓️ 7 November 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Why are most people planning for the wrong things in retirement?

What should they be planning for that they’re not?

To help answer these important questions, Psychologist & Behavioral Finance Expert Dr. Daniel Crosby stops by to discuss:

➤ What our happiness is determined by

➤ Why (contrary to popular research) more money can ACTUALLY make us happier

➤ What is the “PERMA model” and how can we use it to improve retirement success

We also discuss why retirees are more depressed than everyone else and what they can do to mitigate this risk.

***

THE SOUL OF WEALTH:

Grab a copy of Daniel's new book, The Soul of Wealth.

The book explores what wealth really is and provides practical suggestions for how to change your thinking and your actions in small, powerful ways, for a wealthier life.

***

FREE RETIREMENT PLANNING RESOURCES:

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As a thank you, you'll receive three (3) of my MOST popular retirement & tax cheatsheets.

You'll also receive my weekly retirement newsletter!

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***

EPISODE RESOURCES:

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Transcript

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0:00.0	Welcome to the Stay Walthy podcast.
0:06.0	I'm your host, Taylor Schulte, and today we're talking about why we prep for the wrong things in retirement.
0:11.9	Specifically, I'm joined by psychologist, behavioral finance expert, and New York Times bestselling author, Dr. Daniel Crosby, to discuss three important things. Number one, what our
0:22.7	happiness is actually determined by. Number two, why, contrary to popular research, more money
0:29.4	can actually make us happier. And number three, what the perma model is and how we can use it to
0:35.7	improve retirement success. Daniel is the author of a new book,
0:39.5	The Soul of Wealth, and I mean it when I say it's one of the best and most impactful personal
0:45.3	finance books that I've read in years. To show my support and appreciation and help get this
0:50.7	good information into the hands of our listeners, I personally purchased 10 copies
0:55.3	of this beautiful book to give away. To claim your free copy, as always, all I ask is that you
1:01.1	leave an honest written review of this show in the Apple podcast app, take a screenshot, and send it
1:07.9	to podcast at you staywealthy.com. That's podcast at you stay wealthy.com.
1:13.5	And if you would like to buy a copy of his book, either for yourself or as a gift,
1:17.7	I'll be sure to provide a link to purchase it in today's show notes.
1:20.6	Speaking of today's show notes to view the research and articles referenced throughout
1:23.8	the episode, just head over to you staywealthy.com forward slash 229.
1:32.4	Dr. Daniel Crosby, welcome to the show.
1:35.2	Taylor, good to be with you, man.
1:36.8	I appreciate you coming back.
1:37.6	And you were on the show a number of years ago, and we have a really good excuse to bring
1:41.3	you back on.
1:41.8	I mean, I wish you were on more often, but a really good excuse to bring you back on with
	...

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