Hi Reader

👋 Welcome to edition #39 of The Super Sunday Retirement Roundup.

This is the penultimate roundup of 2024 as I'm planning to to give myself a bit of break for the whole of December. It will give me time to refresh and think about how I can improve all that I do for 2025. I've got some ideas that need time to put into place and I cant wait to show you what I have planned, keep those eyes peeled!

☕ Now, grab that coffee and settle into your Sunday morning and as always, I hope you enjoy the read!

Opening Up

When you get to my new sketch in this weeks newsletter, you will see that it refers to spending money wisely by buying experiences not things...

This 'spending philosophy' is backed up by academic research and real life stories that demonstrate by spending your money on experiences you will bring more happiness and joy in your second half of life.

But I want to share something even more impactful with you...

That is, you'll likely get the biggest bang for your buck if:

• The experience you spend your money on brings you together with other people, fostering a sense of social connection
• The experience you spend your money on makes a memorable story that you'll enjoy retelling for years to come
• The experience you spend your money on is tightly linked to your sense or who you are or who you want to be
• The experience you spend your money on provides a unique opportunity, eluding easy comparison with other available options

My advice... pin these 4 points to your fridge or write them down where you will see them a lot.

Because they are the 4 best bits of retirement life advice I can give!

Happy spending!

The Humans vs Retirement Podcast

Episode 66 - The Soul of Wealth with Dr Daniel Crosby

Summary

In this episode, Dr Daniel Crosby returns to discuss his new book The Soul of Wealth and the concept of soulful wealth, particularly in the context of retirement.

He emphasises that money should serve individuals rather than control them, and highlights the importance of relationships and personal growth in achieving happiness. Our conversation explores the PERMA model, which outlines five facets of flourishing: Positive experiences, Engagement, Relationships, Meaning, and Advancement.

Daniel stresses the need for intentionality in retirement planning, focusing on non-financial elements that contribute to a fulfilling life. He also discusses the limitations of money and the critical role of time management in enhancing well-being.

Throughout our enlightening conversation, Daniel and I explore the intricate relationship between money, happiness, and retirement. We discuss the increasing screen time among retirees, the role of AI in daily life, and how spending money can align with personal values to enhance joy. Our discussion delves into the societal pressures of materialism, the fear of the unknown in retirement, and strategies for managing uncertainty. Ultimately, Daniel emphasises the importance of making conscious financial choices that reflect one's true values and the potential for positive surprises in the future.

Key Takeaways

• Money should serve you, not control you.
• Strong relationships are key to happiness.
• Retirement planning should include non-financial elements.
• The PERMA model outlines five facets of flourishing.
• Engagement in meaningful activities is crucial in retirement.
• Loneliness can have severe health impacts.
• Intentionality in spending free time is essential.
• Advancement and personal growth should continue post-retirement.
• Expectations of retirement can lead to disappointment.
• Time management is a powerful tool for happiness. Retirees are increasingly spending time watching television due to newfound free time.
• AI should handle mundane tasks, allowing humans to focus on creativity.
• Spending money on experiences and relationships can lead to greater happiness.
• Aligning spending with personal values is crucial for fulfilment.
• Materialism is linked to lower well-being and should be avoided.
• Fear of the unknown can hinder retirement satisfaction.
• Controlling what you can in finances is essential for peace of mind.
• Expect market fluctuations as a normal part of investing.
• Positive uncertainty can lead to unexpected joys in life.
• Chronic stress is detrimental; managing expectations is key.

Links

• Buy Daniel's brilliant book The Soul of Wealth​
• ​TED Talk by Martin Seligman on Positive Psychology & the PERMA Model​

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Listen in to the full episode

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Sketch

Spend Money Wisely

Blog

The Vital Process of Pruning in Our Second Half of Life

Life is often likened to a garden. In the first half of life, our younger selves focus on planting—seeds of opportunity, relationships, ambitions, and experiences. The energy of youth pushes us toward abundance, growth, and the constant pursuit of more. More connections, more accomplishments, more “stuff.”

But as we approach and live the second half of our lives, we enter a season of reflection.

This is the time for pruning—a deliberate process of trimming away what no longer serves us to cultivate a more intentional and fulfilling life.

YouTube Video

Why You Should REWIRE Before You RETIRE

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I hope you enjoyed this Sunday's roundup, and I look forward to seeing you again very soon!

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As always, I want to talk about retirement topics that are top of mind and most pressing to you, so I very much want your feedback and questions! click the button below, hit the send your message button and let me know what you want me to talk about.

To a joyful second half of life,

Dan Haylett

"I want to help 1m people (yes 1,000,000) balance money & life so they can discover TRUE WEALTH and live their second half of life with more PURPOSE, PASSION and JOY than their first"

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