Why You’re Not Making Progress With Your Money
episode
Wealthy After 40: Retirement Planning and Budgeting for Gen X
15 min
1 speaker
4 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Hey there and welcome to Wealthy After 40. I'm Dailene Higgins, your podcast host and financial coach. If you're a Gen X woman or couple who's worried about retirement, maybe you feel like you're starting late or don't have enough saved. you're in the right place. This show is all about ditching the financial stress and creating a retirement plan that works for your life now and later. So grab your favorite drink, settle in, and let's figure this out together. So you're not seeing progress or the progress that you really want to see, right?
Why do you feel stuck and blame yourself for not making progress with money?
The results that you want to see with your money. And because you're not seeing those results, you are believing and blaming yourself for not being good enough with money, for overspending, whatever, shame, guilt, blame. You're thinking it's internal. But I want to tell you, the problem with not seeing progress right now is because you're trying to do everything, right, all tasks properly. to get the results you want. But the solution is that you need to drill down and just focus on one thing, one traction, not just any one thing, but the one thing that will help you get the greatest momentum. And this is the exact outcome that you can get in my Map Your Money to Retirement workshop. We take a peek at your progress and we clarify a clear focus for you to move forward.
So if you're not seeing progress or if you're not sure where to start, this is a great workshop for that too. I want you to head over to elevatefinances.us backslash workshop where you can learn more about the details and get yourself registered. The next date of the workshop is April 11th. If this is after April 11th, still head over there. There's going to be another date where I will be giving the same workshop. Okay, so let's talk about the problem. The problem is that you're trying to do everything to get the results you want. But how did this problem come to be? Why what you did and have always done is no longer working? It's basically what the problem is. So I want you to go back 20 years if you're over 40.
If you're younger than that, you're going to have to follow along. 20, 25 years for those of us over 40. And I want you to reflect what age you were, what was going on. And then we're going to take a trip through time coming up those 2025 years, right? You either are graduating high school or college. You got your job. You got your first career. You bought your car, first car, right? Got another car, better car. You might have got married, bought a house, bought a better house, had kids, right? Furnished the house, remodeled the house. As you're going along, think of the things specific to you. You might not have done all of those things I shared or even in that order. But what it boils down to is that we were accumulating.
It's what we needed to do. right? Go out, get a job, buy a car, buy a house, raise kids, be responsible, blah, blah, blah, blah, blah. Those habits and routines for us to survive that, that accumulation period, we are still trying to do that today. Just those motions, just those feelings, that was good. We were successful. right? We lived in a world of money management and control as we were accumulating. Hopefully you did. Hopefully you did. But this is advice meant for, again, your 20, 30-year-olds in that state of accumulation. Where you're just, okay, I know I need to buy a new car in the next two or three years. I'm going to be ready for that. Oh, we got to move. You know, it's just the state of accumulation and you're managing it well.
And like I said, so you are used to this feeling and emotion of what you've done for 20 years, 25 years. So why would you think you need to do anything different to get the same progress and results today? I've got to keep moving forward. That's how I moved forward back then. And so you just keep going. You just keep going and you're just doing and you've done it for years. So it's like back of your hand, easy, simple. You've got a process and you don't realize that you need to change. You don't realize that while those are great money habits, they are no longer serving your situation, your current life.
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Chapters
4 chapters
1
What is the main topic discussed in this episode?
0:05–0:49
2
Why do you feel stuck and blame yourself for not making progress with money?
0:49–6:28
3
How can trying to 'do everything' stall your financial progress after 40?
6:28–14:18
4
What money habits from your accumulation years are no longer serving you?
14:18–15:51
Speakers
1 identifiedMore from Wealthy After 40: Retirement Planning and Budgeting for Gen X
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