Stop Watching the Market and Create a Great Life episode artwork

EPISODE · Dec 17, 2014 · 35 MIN

Stop Watching the Market and Create a Great Life

from Retirement Answer Man · host Roger Whitney, CFP®, CIMA®, RMA, CPWA®

Seriously, does watching the market and comparing your investment performance to some benchmark help you create a great life??? Of course it doesn't. So stop. Stop worrying about "keeping up with the market" and get down to the important work of creating a great life. INVEST WISELY Segment If you are investing without trying to achieve some greater goal, you're setting yourself up for disappointment.Comparative investing is a losers game. It can:create a never good enough mindsetcause you to over trade and chase investmentsmake you susceptible to product sales pitchescause you to take too much investment risk (for no reason)increase your stresscause you to become disillusioned with investingLast week, I asked a recently retired couple what they wanted. Did they want to keep up with the market or have confidence that they could maintain their lifestyle? You guessed it, they didn't care about the market, they cared about their life. Smart ones, they are. PLAN WELL Segment During working years a lot of our purpose comes from our job, but once we stop working nothing will automatically replace them. Unless we are intentional and planful, retirement can feel like a big let down.John Knowlton, CFP just launched beerandpeanuts.net to help you avoid this big letdown. He's created resources  in 3 areas that research has shown are critical to a healthy retirement:Purpose (a reason to get out of bed)Meaning (what if leisure isn't enough?)Social contact (people to connect with)Listen to our great conversation for key insights into how to create your own fulfilling retirement. Want to Learn to Retire with Confidence? Get ready for a special never before seen event coming in January.  Get Ready for Retirement Plan LIVE. Sign up at rogerwhitney.com for free updates on this special month long event. 

Plus How to Find Meaning in Retirement

NOW PLAYING

Stop Watching the Market and Create a Great Life

0:00 35:57

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

LIGHTS, CAMERA, SMILE! Creatives Club Media Lights, Camera, Smile, is a podcast for anyone with a dream to share something with the world, out of the overflow of themselves - be it their mind, their heart, their personalities, and much more. Each of us are alive in this moment in time, with an innate ability to have ideas and create various things to benefit both ourselves and the people around us for a reason, and here, you will find the encouragement, the inspiration, and the motivation to do just that. Hosted by Cicily, founder of Creatives Club, she dives into various topics surrounding creativity and business. Exploring entrepreneurship for creatives in a corporate reality, sharing tips and tricks in a media centered company, answering questions regarding what a creative actually is are just a few of the things discussed on this podcast. Be encouraged to create for yourself as Cicily gets vulnerable by pivoting the camera to herself for the first time.To submit questions for Cicily to answer, or have her address certain t Solving for Change MOBIA Technology Innovations Solving for Change welcomes business and technology leaders to share stories of bold business transformation within complex organizations. In an era when technology and markets are changing around businesses, the key to staying competitive is to evolve in response to those changes.  MOBIA’s Mike Reeves and Marc LeBlanc investigate business transformation, deconstructing the challenges, ambitions, and market disruptions that drive companies to embark on transformation journeys, and exploring their unique approaches to achieving meaningful outcomes.  What sparks leaders to pursue business transformation? How do they overcome the challenges along the way? What are the keys to creating enduring change?  Through in-depth conversations with business and technology leaders, Mike and Marc answer these questions and explore how businesses evolve by pulling four key transformation levers: people, process, technology, and culture. Accidental Accountant Regan Williams Hi, I'm Regan! I'm a CPA of 30+ years helping "accidental accountants" navigate tax & accounting issues with confidence! Here, we find solutions to common challenges bookkeepers, accountants and CPAs face. Don't see an answer to your question? Then ask! I'm here to help people like you. One Man Went To Row PepperDawesMedia Follow the journey, from training to finish line, of a man from Derby, UK who is going from having only ever rowed on a machine to rowing 3000 miles solo across the Atlantic...just after his 70th birthday!

Frequently Asked Questions

How long is this episode of Retirement Answer Man?

This episode is 35 minutes long.

When was this Retirement Answer Man episode published?

This episode was published on December 17, 2014.

What is this episode about?

Seriously, does watching the market and comparing your investment performance to some benchmark help you create a great life??? Of course it doesn't. So stop. Stop worrying about "keeping up with the market" and get down to the important work of...

Can I download this Retirement Answer Man episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.
URL copied to clipboard!