Root Talks: How to Overcome the Scarcity Mindset and Start Spending in Retirement episode artwork

EPISODE · Feb 20, 2025 · 23 MIN

Root Talks: How to Overcome the Scarcity Mindset and Start Spending in Retirement

from Ready For Retirement · host James Conole, CFP®

You’ve worked hard, built wealth, and reached financial security… so why is it still so hard to spend? In this episode, we dive into the unexpected challenge of shifting from a saver’s mindset to actually enjoying your money.From a millionaire couple hesitating over a $5 bag of M&Ms to a husband upset about a bottle of Fiji water—this is more common than you think! Behavioral finance reveals why past money habits stick with us, even when we don’t need them anymore.We’ll break down how to retrain your mindset, align spending with what truly matters, and ensure your wealth enhances your life instead of holding you back. Plus, a practical strategy to help you finally enjoy your money guilt-free!Submit your request to join James:On the Ready For Retirement podcast: Apply HereOn a Retirement Makeover episode: Apply Here  Timestamps:0:00 - A scarcity mindset story2:36 - Comment that sparked conversation4:12 - Identifying the problem7:00 - A personal story from James10:00 - Practical takeaways12:18 - Make small, aligned shifts16:14 - An example from Ben18:04 - Death is coming19:55 - The wrap-upCreate Your Custom Strategy ⬇️Get Started Here.Join the new Root Collective HERE!

Episode metadata supplied by the publisher feed · Published Feb 20, 2025

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You’ve worked hard, built wealth, and reached financial security… so why is it still so hard to spend? In this episode, we dive into the unexpected challenge of shifting from a saver’s mindset to actually enjoying your money. From a millionaire couple hesitating over a $5 bag of M&Ms to a husband upset about a bottle of Fiji water—this is more common than you think! Behavioral finance reveals why past money habits stick with us, even when we don’t need them anymore. We’ll break down how...

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Root Talks: How to Overcome the Scarcity Mindset and Start Spending in Retirement

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