Chris Rock Marty, George Foreman, Chris Rock discussed on Consumer Estate Services with host Marty Nevel
Marty How are you today? Well, happy weekend, Dave. It's good to talk to you again. Happy weekend. Here we are in August. How about that? Yeah. Something moving on into August. And just still, we're looking for the end to 2020. It will be over soon enough. Then it would just be the movies that come out about this year to remind us of this year was saving for retirement definitely takes discipline takes Sacrifice. Now, in this segment, we're going to share three quotes that could inspire you to keep the discipline and embrace the sacrifice. And these quotes you may be thinking. Okay, Here comes the court. Another quote from Warren Buffett. Uh, we're not doing that here. We're shaking it up a little bit. I'll give the example. Our first quote is from George Foreman, and it's not about boxing, and it's not about a grill. Here's where George Foreman said the question isn't at what age I want to retire. It's at what income it's not at what age I want to retire. It's at what income it's good way to look at it. Yeah, absolutely. It is a good way to look at it because it becomes all about income. Let's be honest, Andi. I had this Discussion with a client earlier today it becomes all about income when you retire and where that income is coming from and what the sources are, and it's also understanding. What your projected expenses are have realistic expectations of your income. So if you helpfully you have a pension. That would be great if you have a pension, but souls don't forget about Social Security and those rmds from your retirement accounts. So there's a you know it's all about income and putting together that plan T understand what your income is going to be. So you could live the life that you want to live Exactly. So, basically, once you realize you can reach that income for the lifestyle you want, then you can decide when what age You can retire. That's when you hit that income. Definite, exactly, you know, and it's sometimes it's not a matter of, you know, at what age it's it's when are you ready? Not only financially but emotionally psychologically, because it's a big It's a huge transition. Let's let's call it what it is. It's It's Ah, it's a life changing transition. From from getting up every day and going to work and and doing what's what needs to be done. TTO take care of you and your family. And and if you have kids, your kids and now all of a sudden You know you don't have to get up anymore. But you know, you want to also make sure that you have a reason to wake up in the morning that that you have something something to do, and events planned, whether it's Children and grandchildren or you're going to travel or you're a gardener or you have a hobby of some kind, so there's so many different things. That you that you have to explore because you want to. You want to be ready for that transition, And at whatever age you decide to retire. I have people that didn't never going to retire, and I have people that want to retire. Assume it's his humanly positive, But they're still gonna have something going on to occupy their time and maybe a side business that did maybe chair charity work. Some type of a volunteer work there. Exactly, And I have a lot of people that do that they do volunteer. They work at the local chapters of a variety of different organizations. Whether it's a pet organization shelter for for animals or some other organization, you know, I know personally, I worked For 10 years. I was on the education foundation in my community, and we raised a lot of money and we did all kinds of fundraisers and it was. It was very rewarding. T be able to help the less fortunate kids in the community. Do things that they normally wouldn't have been able to do so A lot of people do a lot of different things in retirement, especially when it comes to travel and and doing things that you enjoy that you like to do. That's right. You want to have the retirement that you can enjoy. You certainly worked hard enough for it. We're running down, quotes here, and they're not from the normal sources that you would expect a retirement or even a financial quote from But Chris Rock is the next one. No, I know Chris Rock Marty. He does a comedy bit on the difference between being wealthy and being rich and this is somewhat then. But he says wealth is not about having a lot of possessions. It's about having a lot of options. How true that is. That's actually absolutely true. Let's be honest. We all have a lot of stuff. You're right. You know. I mean, I'm one of the baby boomers. So you know, we've all accumulated a lot of stuff and we all have our fair share of it. But But that doesn't make us wealthy, You know, having having possession. Everybody has a lot of stuff. So having cars and all that stuff doesn't make you you know, wealthy. It just means that you have spent a lot of money on other things. But having those options being able to do what you want to do a Tenney time with anybody you want to do it with, you know, go anywhere. You want to go travel, Enjoy life, You know, have that freedom on again. It's all about quality of life. And you know if you want to travel to Europe I was talking to a client the other day and and they can't wait to get back to Europe. They enjoyed it so much and You know, So we put together the spending plan and and we incorporated that into that spending plan so they could do that traveling. You know a couple times a year if they want to go to Europe if they want to go to Asia if they want to. Go to Canada, South America wherever they You know they're fancy. Well, I'm going to make sure that were that. I put that into the plan so they can afford to do that and have the fun that they want to do and have those options that they're avail. Do what you want to do when you want to do it, and that's a good option to have is that availability of the freedom to know That you're you're able to do exactly what you want to do at any given time. Yeah. Oh, definitely. I like options. We're talking with Marty Nebel and we are having Marty comment on some quotes. The 1st 2 from George Foreman and Chris Rock. You wouldn't think you'd get a quote from them in a show a financial show about retirement, but they do fit quite well. Very wise quotes from both. 888549 90 96 Speaking of wisdom, speaking of experience speaking of specialties, that's Marty 888519 1996 Now so you can sit down with Marty. Now this next one actually comes from the financial advisor Universe. Our last quote here for the segment, it's Jonathan Clements. And he said retirement is like a long vacation in Las Vegas. The goal is to enjoy to the fullest, but not so fully that you run out of money. I love that one. Yeah, well, you know, one of my favorite quotes is if you want to enjoy enjoy life, but not lose all your money..