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Ready For Retirement

The Best Retirement Spending Stories I've Heard This Year

Ready For Retirement

James Conole, CFP®

Investment Planning, Bonds, Education, Stocks, Cash, Business, Dividend Investing, Retirement Planning, Retirement, Investing, Tax Planning

5706 Ratings

🗓️ 4 March 2025

⏱️ 12 minutes

🧾️ Download transcript

Summary

Are You Spending Your Money on What Truly Matters? A few weeks ago, I challenged you to do the most important thing you can with your money this year—not Roth conversions, not optimizing Social Security, but something far more impactful: aligning your spending with what truly brings you joy. I asked you to write down one thing you've always wanted to do or buy but haven't, set a date to make it happen, and identify where the funds would come from. In today’s episode, I’m sharing some of the...

Transcript

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0:00.0

A few weeks back, I issued on this podcast encouragement.

0:03.5

You might even call it a challenge to do the most important thing you can do this year with your money.

0:08.9

And know that has nothing to do with Roth conversions or investing or the way that you're pulling money out in retirement.

0:14.2

It had everything to do with how you're spending money.

0:17.1

And today's a follow-up episode to that because in that episode, I asked you this question.

0:21.1

I asked the simple question of what's one thing you've always wanted to do or buy, but for

0:25.9

whatever reason haven't gotten around to doing it.

0:28.5

And by the end of that episode, here was the challenge.

0:31.6

I asked you to write that thing down, whatever it was, on a scrap of paper by the time that

0:35.7

the episode was over.

0:36.5

I then asked you to write down

0:38.5

a date by which you would make that purchase or do that thing, as well as write down where exactly

0:43.4

funds would come from, whether it's bonus, stock sale, cash flow, whatever the case might be. And by

0:49.1

the end of that, I asked you to share with me. I said, please email me your responses to this question,

0:53.2

and I got some really incredible responses. This is another episode of Ready for Retirement. I'm your host,

1:00.9

James Cannell, and I'm here to teach you how to get the most of the life with your money. And now,

1:05.4

on to the episode. So what I want to do in this video is actually share some of the responses

1:10.5

you all shared, because the most important thing we can do in this video is actually share some of the responses you all shared,

1:11.5

because the most important thing we can do with our money is align it in the way it's actually

1:16.2

being spent. As I mentioned before, it does not matter how impactful your tax strategy is.

1:20.7

It doesn't matter how much your portfolio grows. It doesn't matter if you've optimized Social

1:24.4

Security. If you can't actually get to a position where you're

...

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