Retirement planning doesn't have to be boring, and it doesn't mean you have to sacrifice today to afford a better life tomorrow. In this episode, Retirement Answer Man Roger Whitney and I discuss the different strategies you can try to plan for a better, richer future.
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Roger Whitney sure is the Retirement Answer Man. Not only does he have his own personal finance blog and podcast focused on retirement, he’s also a CFP®, CIMA®, CPWA® and AIF®. That’s a lot of designations, so he I knew he’d be the one to turn to to chat about retirement planning.
Now, Roger has a very interesting story. I definitely encourage you to watch the video I’ve included below where he goes more in-depth about his background, but for the Coles Notes version Roger is so passionate about educating others about retirement planning because of his mom. You see, he was raised by a single mom who worked tirelessly to provide for her family. Her plan was to work hard today so she could relax and enjoy life in retirement. Unfortunately, she passed away at an early age and was never able to experience that quiet and calm retired life she always dreamed of.
Roger believes you shouldn’t work hard today for a better tomorrow. You should work hard today for a better today, and a better tomorrow. The traditional idea of retirement is that we all work hard and save as much as we can so once we retire at 65+ we can finally enjoy the fruits of our labour. But that’s not realistic is it? Not one of us can predict how long we’ll live, or if we’ll be physically able or healthy enough to have that perfect retired life we see in all those life insurance ads in our twilight years.
That’s why it’s time to chuck that old idea out the door and replace it with a new one. One new idea would be to do mini-retirements like Roger and I discuss. Instead of holding out to travel the world in retirement, why not take a year off from work to travel now, then go back to work after? My friend Stephanie Williams, who was one of my first podcast guests, does this every six months and I know more of us could be doing this too.
As I mentioned earlier, Roger has his own podcast, and he even encourages his listeners to send him questions he can answer in a later episode. If any of you have some specific questions about retirement after listening to my episode, click here to send Roger your question. He’s got over 24 years experience in the field, so I doubt you’d be able to stump him.
Check out Roger Whitney’s Podcast
Grab Some of Roger’s Awesome Resources
Follow Roger on Social
Dr. Willie Jolley, an award-winning motivational speaker, Sirius XM radio host and author and I talk about how he turned his setbacks into major successes. If you're looking for an incredibly motivating podcast episode with a lot of useful advice on how to be more positive and how to turn your failures into opportunities, this is the episode for you. Also listen for a free gift in today's episode to help you on your journey to a more positive, balanced and wealthy life.
Long episode description:
If you need some major motivation and inspiration, this is the episode for you. I interview the amazing Dr. Willie Jolley, an award-winning motivational speaker, Sirius XM radio host and author, about how he went from unemployed lounge singer to successful businessman.
Willie’s story is a story I think we can all relate to. He thought he had it made as a singer, and was living a very comfortable life. But one day his boss said they needed to make some cuts — and one of the cuts was him. Not only that, but he was replaced by a karaoke machine.
Instead of wallowing in despair or throwing his hands in the air and giving up, he did the opposite. He made it his mission in life to turn his setbacks into comebacks (and eventually greenbacks), and now Dr. Willie Jolley has a thriving career motivating others to do the same.
I’m including a number of links below to things Willie and I talked about in this episode, but I also want to include the 7 keys to success that he talks about more in-depth in his latest book Turn Setbacks into Greenbacks. You will definitely want to check out his books and his speeches on YouTube, but here’s a little something to get you started on your journey to a better and more prosperous you!
The Book that Changed Willie Jolley’s Life
Willie Jolley’s Special Gift to You!
Check Out Willie’s Motivational Books
Listen to Willie’s Sirius XM Show
Follow Willie on Social
On this episode of the Mo' Money Podcast, I talk with Karen Yap, personal finance blogger from Makin' the Bacon, about how to make more money, quit your unfulfilling job and rock your dream career.
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Karen Yap has been blogging about personal finance over at Makin’ the Bacon for close to 4 years and she’s learned a lot about making money and switching careers during that time.
Although she considers herself to be a bit of a job hopper, what she really is is a woman who doesn’t want to settle and has big aspirations — just like we all do.
I can definitely relate to Karen’s story because I myself have switched careers, and when I initially started my personal finance blog under the name Mo’ Money Mo’ Houses, you bet I wanted to make money of it! I can definitely agree with her though that blogging is not an “easy” way to make money (and any blogger who says it is, well, their either full of crap or their doing something fishy). Blogging (not to mention podcasting) is like having a second job. And not only does Karen have a full-time job, which she now loves, on top of blogging she is also a fitness instructor! She even invited me to one of her classes, but I think I might need to work up to that.
One of the key takeaways that I hope you get from this podcast episode is that every journey is different when it comes to your career. Karen had what most people would consider the best job you could ask for — a job with the government. It paid well, it was a secure and it came with a great pension. But she wasn’t happy, and she knew she needed to leave to get her happy back.
So she started from the ground up again, going to networking events and talking to other women about their careers to get insight into what else she could do. This not only led her to her current job, but it inspired her to start her Makin’ the Bacon blog series, highlighting awesome women rocking their careers.
Check out the links below to learn more about Karen, her blog and journey to make her bacon, and her career blog series. I might even be one of the awesome women featured there.
Check Out Karen Yap on Social
Check Out Karen’s Career Blog Series
Join the Conversation
If you like listening to my podcast, then you’ll definitely want to join my Money. Life. Balance. Facebook group. This group is all about having a safe space, free of judgement, where we can all talk about money, encourage each other to reach our financial goals, and educate each other in areas we’re not pros in yet. I post a new topic to discuss every Monday, so make sure to join now to add your two cents to this week’s conversation. See you in there!
Gina Kennedy is a radio host, voice actor and rockstar and she is still in her 20s. In this episode, Gina and I talk about how anything is possible when it comes to your career — no matter how big your dreams are, or how small your hometown is.
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Gina Kennedy is a prime example of how even if you come from a small town, if you’ve got big dreams the sky is the limit! Gina is originally from Abercrombie, Nova Scotia. A town so small that when I tried to look up the current population, I could only find one website that said the town was not included in Statistics Canada’s census and therefore the population is unknown. Yup, that’s a small town.
But that small town didn’t have much bearing on Gina’s ambitions. She wanted to work in the music industry and nothing was going to stop her. So she moved to the biggest city in the province — Halifax. Still, that wasn’t big enough and so her next move was to Toronto where she currently lives.
What I love about Gina is that once she sets her mind on something, she goes for it full force. She wanted to be radio host. I’m sure many of us have fantasized about having a sweet gig like that. But instead of just dreaming about it, she went back to school, got an internship, and never gave up until she finally become a radio host for Sirius XM’s The Verge.
Next, she wanted to become a voice actor. She’s got an incredibly dynamic voice, but it’s a very competitive field. Again, she figured out how to get her foot in the door, got herself an agent and now voices commercials.
If that wasn’t enough, she wanted to see if she could pursue her love of music. I was honestly surprised when she told me she was a classically trained pianist and opera singer, but it makes sense. She’s incredibly talented, and can add bassist for Altered by Mom as her third job.
I know not everyone can do a million things like this, but it just goes to show that if you want something, do it. You may fail, but you may surprise yourself and succeed. Don’t let anyone tell you “you can’t” because they have no idea what you’re capable of. Heck, you might not even know what you’re capable of. So, in my worst Nova Scotia accent: “Just giv’r!”
Check Out Gina Kennedy
Natalie Bacon grew up thinking she wanted to be a lawyer, but after 4 years in the legal profession she realized she that was not the life she wanted for herself. Deciding to switch careers and become a certified financial planner (as well as a personal finance blogger), Natalie may have taken a major pay cut from her lawyer days, but she is well on her way to making some big money...honey. I also share at the end of this episode that I have just opened a Facebook group for anyone who wants to continue the conversation with other like-minded people. If you want to talk money in a place with no judgement, just encouragement, go to facebook.com/groups/moneylifebalance.
Long episode description:
As I mentioned to Natalie Bacon during our episode together, her blog The Finance Girl is super empowering. That’s why I just had to reach out to her and get her on my show.
Natalie’s story is pretty unique. She always excelled academically and eventually graduated law school with dreams of making big money as a lawyer. After 4 years in the legal field, she was drowning in debt and ready to quit — job or no job waiting for her on the other side.
One of the positive things that did come out of her legal career was the realization that she wanted to focus her energy on personal finance. It was her previous job that helped her switch careers into the financial industry, and she is now only one exam away from becoming a certified financial planner.
Along the way, she also discovered that she needed a creative outlet for her new passion, which is where her blog The Finance Girl came in. And just two years later, her blog has become a heavy hitter in the personal finance blogosphere (go Natalie!).
Here next big goal is to continue to increase her net worth by building her blog into a full-fledged business. Having tasted the lifestyle she could have had if she had continued practicing law, her aim now is to not just manage her money effectively, but to see how much money she can make by doing different things on the side.
The idea of side hustling certainly has become a trend on my podcast, but that’s because it really is such a smart idea. I’ve been able to do so many more things with the extra money I’ve made outside of my full-time job, and I can’t wait to see where Natalie’s efforts will take her in the future.
Blog Post Natalie Bacon Wrote About Setting Yourself Up for Success
Blog Posts on How to Make More Money
Want to Be Part of a Community Where It’s Cool to Talk About Money?
If you like listening to my podcast, then you’ll definitely want to join my brand new Money. Life. Balance. Facebook group. This group is all about having a safe space, free of judgement, where we can all talk about money, encourage each other to reach our financial goals, and educate each other in areas we’re not pros in yet. I post a new topic to discuss every Monday, so make sure to join now to add your two cents to this week’s conversation. See you in there!