How Do I Start a Retirement Plan? Dream It First
episodePreviously titled “Ep 120 | How Do I Start a Retirement Plan? Dream It First” — renamed by the publisher on Aug 2, 2026
Wealthy After 40: Retirement Planning and Budgeting for Gen X
16 min
2 speakers
2 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
Where should I begin when starting a retirement plan—why is 'dreaming' the first step?
In today's episode, we're going to understand why gaining a clear vision is truly the first step in retirement planning, how it helps you, and what is your next step. Stay tuned to the episode to understand how this provides fulfillment and purpose so that we can have a happy retirement.
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 Dailene 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.
today's episode is going to help you understand where do you start? Answering that question, how do I start a retirement plan? Now, as I tell you where you need to start, you're going to feel some resistance, whether that is intentional or maybe just your mind. You're not sure how to do that. But where we start with retirement planning is understanding where we're going. Creating a vision, creating a dream. Now I use vision, but I love to use the word dream because that's what I want you to do. I want you to dream about what retirement is going to be, what it will look like. And this is hard as adults to just dream. freely start creating those ideas. Dreaming is hard for us to do because we've seen so much, we've heard so much, we've been told so much that these beliefs start shutting down our brains.
I really want you to fight that as much as you can, and I want you to dream about what retirement is going to be. Now, where can we turn to to emulate this dreaming? so that it's not strained, so that it's free thinking, I think we need to turn to children. We can't go too young for this exercise I want you to try and do. And we can't go too old because I don't want them to have heard and been told the things that you're trying to resist from. But I want you to, if you have access to a child, a grandchild, even maybe a neighbor or a best friend's child, wherever, we're wanting to seek out a conversation with a child who is between ages of six to 10. And I want you to have a conversation with that child.
And I'm sure this will be fun. And as you're having this conversation, and I'm going to tell you what to ask them in just a moment, I want you to listen to their unfiltered responses. Because we know children can dream. You know, age four or five, even six, they're coming to you and they're like, I'm going to be this and I'm going to do this. And you just think, okay, you know, because that's a resistance in the barriers we have. We want to get back to that possibility for creating our vision and our dream. Ask this child, what would you do if you didn't ever have to go back to school? Because their school, and even if they're homeschooled, there's still a part of their day that's being taken out.
What would you do if you didn't have to go to school? Their school is your work. That's all we've really traded. We were educated, then we went to work. Now we're hoping to retire and we don't know what to do. Spend some time with this child. Asking them, what are you going to do? And why would you choose to do that? And oh, what made you think of that? Really having a conversation. It doesn't have to be long because honestly, this child is not going to spend 15, 20 minutes with you. It's going to be more like five, maybe 10 if you're lucky.
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Chapters
2 chaptersSpeakers
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