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The 5 Emotional Stages AFTER Financial Independence - with Douglas Tsoi (SB1535)

The 5 Emotional Stages AFTER Financial Independence - with Douglas Tsoi (SB1535)

FromThe Stacking Benjamins Show


The 5 Emotional Stages AFTER Financial Independence - with Douglas Tsoi (SB1535)

FromThe Stacking Benjamins Show

ratings:
Length:
71 minutes
Released:
Jun 24, 2024
Format:
Podcast episode

Description

Do you think, "I've made it once I reach financial independence?" Douglas Tsoi has been "retired" for over ten years and will tell you, "Not even close."
For all of us, a new journey begins once we reach financial independence. What does this look like? How can we prepare? Today, Douglas sits down with Joe Saul-Sehy to dive into the five stages we all experience after reaching what many think of as the finish line.
In short, we'll discuss:

The fallacy of "I'm done"

The reason why people are afraid to retire, even though they may say otherwise

The darkness phase of "is this all there is?" and how to fight it

The joy of finally realizing that, after the emotional journey, you can flip into a new, gratifying state.


In our headline, we'll share a story about two executives in court because their investment scheme was "built on lies." This company promised eight percent returns without volatility. What's wrong with that? We'll walk through:

How companies make money and why volatility is always EXPECTED with an eight percent return.

Historical returns for asset classes, including the much-maligned international and emerging markets asset classes. Will they ever outperform again?

We'll share several ways people try to even out returns to ATTEMPT, including what these alleged scammers said they could do (and couldn't).


But that's not all. Of course, we'll also share Doug's amazing Formula One trivia question and much, much more.
FULL SHOWNOTES: https://www.stackingbenjamins.com/emotional-stages-after-financial-independence-douglas-tsoi
Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201
Enjoy!
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Released:
Jun 24, 2024
Format:
Podcast episode

Titles in the series (100)

Live, from Joe's mom's half-finished basement....listen to a parade of financial headlines, personal finance experts, creatives, and people with stories that inspire us. Every Monday, Wednesday, and Friday, hosts Joe Saul-Sehy & OG meet at the card table and bring you guests, trivia, your letters about saving, investing, and risk management, and much more. Academy of Podcast winner for "best business podcast of the year," 2017 Plutus award winner for "best personal finance podcast," and Kiplinger magazine's only recommended personal finance podcast.