Top Retirement Fears and Money Beliefs Holding You Back
episodePreviously titled “Ep 118 | 3 Retirement Fears and How to Overcome Them” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
22 min
2 speakers
3 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What three retirement fears and money beliefs will this episode address?
Thinking about retirement while exciting can drum up some fears and concerns. In this episode, I'm diving into three of the most common fears or limiting beliefs individuals have as they are approaching retirement. Listen in to learn how to reshape these and reship these so you can be successful in your retirement planning. Welcome to Wealthy After 40, where I help you turn retirement uncertainty into a clear, actionable plan. If you're thinking about retirement but feel unsure whether it's even possible, I understand. The gap between where you are now and where you want to be can feel overwhelming, but it doesn't have to. Hi, I'm Daylene Higgins, founder of Elevate Finances and your personal financial coach.
Having retired at the age of 50 and have enjoyed over two years of retirement bliss, I'm here to help you create your retirement dream and make it a reality. No more wondering, no more guessing, just taking action and building a future for yourself. Join me each week as I guide you through essential topics such as budgeting, cash flow, lifestyle planning, debt and savings, insurance, Medicare, and social security. Together, we'll build a strategy to help you achieve the retirement you've always desired. It's time to shift from uncertain to unstoppable and make your retirement dreams a reality. So to dive into these fears, these are ideas and thoughts that may be an actual belief of yours. Money beliefs, money scripts, you may have heard the term being used.
They all start with an idea and a thought. And as we begin to think about them more and add our own, quote, evidence to it, they become into a belief. But sometimes these beliefs do not have factual evidence behind them, meaning the reality is not going to be supportive. It's more based off of a feeling than a fact. And with money, we really want to back it up with factual evidence. Then we can deal with those emotions and those feelings. So today's episode, I want to help you with three of the biggest fears money beliefs people have and help you re-script these. Help you learn how to solve this fear and get rid of the belief that it is true and then look for something else that is going to serve you better to believe in.
And this is how you move forward. We experience fears or emotions about our money, and we need to dive into them and ask ourselves, are they true or not? The first fear we're going to dive into, and the statement may be similar. You might be using different words. The fear is, I don't feel like I have enough money. Where is this fear coming from? There's three areas, or possibly more, but there's three I'm going to talk about today. That is a broken cash flow system, or you haven't measured up expenses to income, or you're not finding progress in your goals. Those things are kind of from step one to step two to step three. Somewhere within those beginning steps, things are broken for you. They're not working for you.
What is the solution? to solve this fear, to bring in some factual evidence so that you can begin to move on. And honestly, you're going to create another belief, but we want to rewrite these into something that then we can evaluate if that belief is serving us or not. The broken cash flow system, what I mean by that is your expenses, your bills, your money and coming in is just not lined up. Having a successful system, a money management system, is going to support the feeling or not support the feeling of having enough money. I worked with a client. She came to me. She had been retired for about a year. And she said, I don't have enough money. I have to go back to work. So quickly did the first steps that I do with every client.
And I said, you have more than enough money. But then as we begin to look at her bank accounts, her savings accounts, all of where her income was going in and her bills were going out, and they were not lined up. That was creating this fear, this feeling that she could not stay retired. And to have that feeling, we've got to reach out to that factual evidence.
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Chapters
3 chaptersSpeakers
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