Money Matters With Wes Moss

Although numerous habits make up the structure of a happy retiree, financial habits play a large part in creating the fulfilling retirement you’ve always dreamed of and being able to fund your additional interests. In this episode, Wes breaks down the five financial secrets of the happiest retirees based on research from his latest book, What The Happiest Retirees Know, and reveals how these patterns are fundamental to building wealth and living a comfortable retirement. Learn more about your ad choices. Visit megaphone.fm/adchoices

A sense of belonging, support, and accountability; these benefits come with joining a community. In this episode of Retire Sooner, Wes sits down with Jan Cullinane, award-winning and best-selling author, speaker, and consultant to discuss just how important communities are. Jan described what questions you can ask yourself regarding where you are in life. She also shares the five P’s for starting a business in retirement or otherwise, uncovers why strong social support is essential, and how the ability to renegotiate roles can be helpful in relationships. She addresses the importance of having a purpose in life and why women need to prepare to be in charge of their own financial decisions. To conclude, Wes and Jan talk through determining where to live in retirement, niche and non-traditional retirement lifestyles, and the psychology of money. Learn more about your ad choices. Visit megaphone.fm/adchoices

Tune in as Wes Moss discusses the investment math, data, and history that could make a major difference in your early retirement plans. Listen as Wes walks through the history of market recovery, what happens when you miss a handful of market up days as an investor, and the importance of participation over perfection when it comes to sticking it out in the market. He also shares how challenging and risky it can be to hop in and out of the market, the importance of protecting your purchasing power, and when the dry powder principle can come in handy. Furthermore, Wes expresses the significance of utilizing history as our guide in combating market downturns and timing. Learn more about your ad choices. Visit megaphone.fm/adchoices

What's the secret to unlocking your best life yet? Finding your purpose. To aid us in doing so, we sought out internationally bestselling author, coach, and keynote speaker, Richard Leider. Listen as he discloses looking at purpose as a verb and grasping the meaning in life. Richard reveals details from his fortuitous encounter with Viktor Frankl and a method for living with purpose. Additionally, he explains why purpose is fundamental to your health, how to stop living a default life, as well as useful tips for unlocking the sought out purpose of many. Richard wraps up by discussing the idea of coaching young NFL football players into reimagining the next phase of their lives and uncovers the fine points from his book. Learn more about your ad choices. Visit megaphone.fm/adchoices

You'd have to go back to 1937 to find a worse year for a 50% stock/ 50% bond portfolio. 2022 has been a challenging year for some investors as consumers face inflation and the Fed's battle against it. In this episode, Wes discusses how the Fed is slamming its foot on the economic breaks and raising interest rates. He then covers how Americans are being impacted by inflation. Anxiety comes hard and fast for investors and retirees during challenging times like today, so Wes walks listeners through three powerful keys to help them lower their stress and SWAN - Sleep Well At Night. 1. The Power of a Plan 2. The Power of Understanding Cash Flow 3. The Power of Diversification Listen to hear how you can leverage these three powers to lower your anxiety levels and get back to focusing on retiring sooner. This is provided as a resource for informational purposes and is not to be viewed as investment advice or recommendations.  This information is being presented without consideration of the investment objectives, ri

Financial chaos can catch us off guard, but we can combat this unforeseen challenge through knowledge and being prepared in advance. To help we’ve called on the Financial Samurai himself, Sam Dogen. He is the mastermind behind FinancialSamurai.com, writer, podcast host, author, and a legend in the financial planning, retire early, and FIRE Movement world. Sam reveals how and why he got into writing, what his life in retirement looks like now, along with how to not feel guilty working if you have children. He also explains how his financial needs evolved once he stopped working and his frequent pull to return to work, provides details from his book Buy This, Not That: How to Spend Your Way To Wealth And Freedom, bad debt versus good debt, and shares a helpful home buying rule. Furthermore, Wes and Sam talk through buying your piece of America now while you can and address a valuable spending rule. Learn more about your ad choices. Visit megaphone.fm/adchoices

As investors, we should train and remind ourselves to focus on the value of companies as opposed to the value of their stocks. Ultimately, doing so can help to relieve market volatility and leave us sleeping better at night. Listen as Wes Moss discusses how the Federal Reserve currently impacts the market along with how investors should examine the market for their mental well-being. Wes also analyzes details from a happiness study performed by the author of Happier Hour: How to Beat Distraction, Expand Your Time, and Focus on What Matters Most. To conclude the episode, Wes unveils ways to decrease anxiety around investing and why investing should start and end with a plan. Learn more about your ad choices. Visit megaphone.fm/adchoices

Your dreams shouldn’t have an expiration date, even in retirement. In this episode, Wes sits down with Patrice Jenkins, Ph.D., an organizational psychologist, retirement speaker, Founder of Day One Dreams, and author of “What Will I Do All Day?: Wisdom to Get You Over Retirement and On With Living!” Patrice explains how it’s never too late to go after your dreams, but you have to start today, the intricacies of success stories, and details from her book. Additionally, she discusses how thriving has two components, the similarities between thriving at work and thriving in retirement, along with where intrinsic motivation stems from. To wrap up the episode, Patrice talks about figuring out retirement as you go but planning in advance, finding new roles in retirement, and what retirement means to her. Learn more about your ad choices. Visit megaphone.fm/adchoices

Inflation has many investors questioning financial planning and spending decisions, including those making arrangements for a happy retirement. One frequently used concept that can help with retirement spending during times like these lies in the 4% Plus Rule. Listen as Wes Moss explains the math behind the rule during this episode. Wes shares how running out of money is a top fear, why history can help us navigate through budgeting, and lists similarities between budgeting and dieting. He also talks through starting top down as opposed to bottom up when it comes to spending and provides examples of how the 4% and 4% Plus Rules can be used. Later in the episode, Wes discusses safe withdrawal rates, the importance of planning ahead of schedule, and why flexibility is the key in the budgeting process. Learn more about your ad choices. Visit megaphone.fm/adchoices

Each generation is different. In fact, some generations are so hard-wired and hardcoded with their own values, that they may overlook the views of others. However, if we understood the generations outside of our own we could better sympathize and empathize with them in our daily lives, workplace, and family life. To help us comprehend each generation, we’re joined by Chris De Santis, organizational behavior speaker, facilitator, consultant, and author of Why I Find You Irritating: Navigating Generational Friction at Work. Chris describes each generation in detail and generalizes the values and beliefs of those generations. He also explains generational differences, defines what it means to be a humanist, and shares why he believes the best teams are complementary instead of competitive. To conclude, Chris reveals details from his book, the key to generational harmony in a business, and how our early years impact our outlook on life’s principles. Learn more about your ad choices. Visit megaphone.fm/adchoices

So you’ve retired. What comes next? Many retirees find themselves lingering within the retirement grey zone as they make their full transition into this new phase of life. But what if there is a second act following your career? One that could check off all the boxes; multiple streams of income, core pursuits, and socialization. Retirement coach and author of Second-Act Careers: 50+ Ways to Profit From Your Passions During Semi-Retirement, Nancy Collamer, joins this episode to talk through exploring second-act careers and how they can benefit you in the long run. Listen as she provides tips for finding your second act, expert streams of income, and explains why it’s never too early or too late to start your second act in retirement. Nancy also shares how she pinpointed her second act, why trying things you’re interested in can lead to new opportunities, and the top fear of those seeking a second act. To conclude, Nancy describes the concept of a Reinvention R&D Budget, utilizing gig platforms, and Wes shares

2022 has not been an ideal year for some investors. Tune in to today's episode as Wes Moss explains what considerations to make. Wes walks through how the market has impacted investors for the past few years, his insights on whether or not we are in a recession, and why 2022 still has a strong job market along with a sturdy travel industry. Additionally, he touches on having a disequilibrium when it comes to the consumer and how easy it is for investors to leave when markets get volatile. The episode wraps up with Wes sharing why businesses are the military of the economy and methods for riding through this tough year from an investment standpoint. Learn more about your ad choices. Visit megaphone.fm/adchoices

What if we told you aging like fine wine and fitness go hand in hand? While some seek to kickstart their fitness journey when faced with health issues in their later years, they soon find that their newly discovered lifestyle, combined with a little discipline, can go a long way. James “Jim” Owen, a forty-year veteran of Wall Street, speaker, and author joins this episode to talk through his journey of finding fitness later in life and how it turned things around. Jim shares what started his fitness journey along with when health became a priority. Furthermore, he reveals details from the books he’s written, defines a super ager and what it entails, and lays out why it’s important to start slow and make a commitment to yourself. He later uncovers his own fitness struggles, tips for increasing your health, and explains his 2-day rule accompanied by a secret to motivating yourself to workout. Learn more about your ad choices. Visit megaphone.fm/adchoices

A daunting question has been lingering in the minds of many U.S. investors - Are we in a recession in 2022? Tune in as Wes tackles this question and more during the episode. Listen as Wes talks about how we’re living in a similar economy to the 1950s, what the media declares about being in a recession, and the National Bureau of Economic Research’s role and criteria. Additionally, Wes uncovers political views about a recession and why your long-term retirement plan doesn't have to be impacted. To wrap up the episode Wes reminds listeners that there are more years of spending ahead than you think and describes how the combination of stocks and bonds is important for any investor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Many of us experience anxiety. It’s normal to feel it before a big test, speaking in public, competing in a sporting event, and so on. Though a little bit of anxiety can be a good thing, we must be careful not to let these levels increase beyond the point of becoming a disorder. Dr. Gail Saltz, psychiatrist, psychoanalyst, columnist, podcast host, and television commentator joins Wes Moss to explain how anxiety can be alleviated with a little awareness and what happens when happiness and anxiety converge. Dr. Saltz starts the episode by sharing her thoughts on anxiety and how it can go from good to bad, as well as the most generalized anxiety disorder. Dr. Saltz and Wes also discuss how anxiety would have been treated 100 years ago, her favorite book she’s written, and the most common diagnosis in children. To wrap up the episode Dr. Saltz opens up about the most effective way to help people struggling with anxiety, if she believes teletherapy works, where we are in the evolution of helping more people, and p

Have you ever finished a conversation and immediately realized you didn’t remember anything the other person said? Do you sometimes feel as though you have fallen between the cracks of your own thoughts and you can’t seem to focus long enough to connect with others? You’re not alone. Edward S. ("Ted") Brodkin, M.D., a board-certified psychiatrist, author, and director of the Adult Autism Spectrum Program at Penn Medicine and Ashley A. Pallathra, M.A., a clinical researcher, therapist, author, and doctoral candidate in clinical psychology at the University of North Carolina, join this episode to discuss how we can improve social connectedness and find attunement. During the episode, the pair share where they met and began their collaboration on the study of connectedness, and walk us through what goes into a neuroscience research study. They also share details from their conducted study on developing a program for adults in the spectrum regarding social functioning, share the framework of their book Missing Ea

There’s a difference between living the life you think you should live and living a life you want to live. When we follow numerous social norms we can easily lose our true selves in the process of conforming to what we think we are supposed to be. But in adapting to these norms, could we be missing out on a path to living our happiest lives and becoming one of the happiest retirees on the block? New York Times bestselling author, life coach, and speaker, Dr. Martha Beck, drops by this episode to share how to live a life full of integrity and truth. Dr. Beck explains how we are born with a genetic destiny of what makes us happy in life and how we get divided internally early on. She also shares her story and experiences of living outside of her integrity, reveals her journey of becoming a life coach, and discusses longing versus yearning. Additionally, Dr. Beck unveils the lasting cure to happiness and lists the signs if you are lying to yourself and are living out of alignment. Learn more about your ad choice

Taking a trip every once in a while is good for the soul, but have you ever thought about what a life full of traveling experiences could do? Don George, legendary travel writer, editor, and author who has won numerous awards for his work, joins this episode to share what it’s like living a life filled with travel and creating unforgettable memories. Don reveals when he caught the travel bug and got into travel writing, along with the travel piece that changed his career for the better. He also shares some of his traveling experiences and what he’s learned from the culture, an astonishing Mount Kilimanjaro story, and how he considers traveling a religion. Additionally, Don reveals details from his book, “The Way of Wanderlust,” lists his favorite travel destinations, discusses how his dad retired early to travel, and provides advice for other travel writers. Learn more about your ad choices. Visit megaphone.fm/adchoices

There are many qualities that a leader should possess. A good leader has empathy, integrity, and confidence, as well as two important qualities; trust and inspiration. In this episode, Wes sits down with Stephen M. R. Covey, a New York Times and #1 Wall Street Journal bestselling author, writer, public speaker, co-founder and CEO of CoveyLink Worldwide, and former President and CEO of Covey Leadership Center, to discuss leading by trust and inspiration. Stephen shares takeaways from his books and his role in the success of his father’s book, along with the scalable business that came from it. He also explains why we need to become trust and inspire leaders rather than command and control leaders, and how a good leader can help you feel purpose and meaning. Additionally, Stephen reveals why the best relationships are centered around trusting one another, how it’s possible to restore trust if we’re willing to behave our way back into it, and lists some well-known leaders that inspire him. Stephen wraps up by sh

The year has gotten off to a rough start, leaving many nervous about what to do with their finances when markets are down, The Fed is raising rates, and inflation is through the roof. To help ease your mind, Wes reveals insights into surviving a bear market and covers what has worked in the market thus far in 2022 during this episode. Listen as Wes analyzes recent consumer sentiment data from the University of Michigan, what areas of the market are working in 2022, and dives into value investing versus growth investing. Additionally, Wes talks about the negative wealth effect and how bear markets typically operate. He also covers the current standing of the market and reveals details regarding the Retire Sooner Podcast summer series. Disclosure: This is provided as a resource for informational purposes and is not to be viewed as investment advice or recommendations. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specifi