Business
Fritz Gilbert retired in June 2018 after more than three decades in Corporate America, where he progressed through various levels in a multinational corporation serving the global aluminum industry. His award-winning blog, The Retirement Manifesto, is focused on “Helping People Achieve a Great Retirement.”In this episode, we are talking about retirement but not just about the numbers and financial aspects. We are talking about how to stay fulfilled in retirement, how to retire, how to get ready to retire, how to know you’re ready to retire, or maybe you shouldn’t retire at all—and being mentally prepared with your lifestyle to retire.[00:01 – 04:36] Opening SegmentI talk briefly about great value that awaits you in this episodeLet’s welcome our guest, Fritz GilbertQuick plug to Fritz’s book, Keys to a Successful RetirementFritz gives a bit of background about himselfFritz shares about his book[04:37 – 08:53] Staying Fulfilled in RetirementFritz shares about obsessing over what retirement would be likeFrits gives powerful advice on how you can stay fulfilled in your retirementRetirement is going to be different for everyoneIt’s not something that you know what it feels like until you experience itExperiment on things that you are interested in[08:54 – 16:45] Preparing for RetirementFritz talks about how you can know you are ready to retireIf you haven’t taken the time to think about the non-financial aspect of retirement, you are not yet ready to retireIt’s an instinctual thing. You’ll know when you are ready to retireFritz gives us a glimpse of his preparation for his retirementSimulating what retirement would look like over and over againQuick Ad Break[16:48 – 21:17] Digging Yourself Out of the HoleFritz talks about people retiring at an old age with very little savingsIt’s never too late to startFritz talks about the FIRE movement (Financial Independence, Retire Early)Find a way to increase your income without increasing your expenses[21:18 – 28:56] Side HustlingWhat keeps you motivated, and what does it feel like having a “side hustle” in your retirement?Get to the point where you don’t need a side hustle before pulling the plugFind a side hustle that brings you value beyond the monetary aspectI share a story about my grandfatherRetired in his 60’s and continued living and working at his farmFritz talks about his 10-day retirement trial[28:57 – 35:42] Closing SegmentQuick word from our sponsorsWhat is the best investment you’ve ever made other than your education?Becoming a passionate personal finance “hobbyist.”What is the worst investment you ever made?Fritz shares a story of why you shouldn’t invest in individual stocks.What is the most important lesson that you’ve learned in business and investing?“Enjoy the moment while being responsible for the future.”“Be intentional in striving to have balance in your life.”Final words from Fritz and me Tweetable Quotes:“Don’t spend your whole time thinking about tomorrow. Enjoy your today but be responsible in saving for your tomorrow.” – Fritz Gilbert“Retirement is kind of one of those big milestone changes in your life that you can’t anticipate what it’s gonna be like until you actually go through it. And I would say finding fulfillment in retirement is kind of the same thing.” – Fritz Gilbert“Don’t get so obsessed with work. Don’t get so obsessed with saving money. Don’t get so obsessed on anything. Really seek balance, life’s a lot better that way.” – Fritz Gilbert You can connect with Fritz on Facebook, Twitter, and Instagram. Visit his website https://www.theretirementmanifesto.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.