5 Things People Regret at the End of Retirement
HTML-код
- Опубликовано: 8 май 2024
- Retirement is meant to be fulfilling, but it can sometimes be a time of regret. In this week’s video, we’re sharing the top 5 regrets people have when looking back on life and how to avoid them.
When thinking about retirement, we often solely focus on how to plan for the investments, the taxes, the social security, the funding, etc…
…But what we’ve learned from those who came before us, is that money only supports the life we want to live.
🧐 Have you experienced any regrets in retirement? Let us know in the comments 👇
🔔Subscribe to our channel to learn more about all things portfolio management / @rootfp
🎧 Listen to our podcast readyforretirement.buzzsprout...
🧑💻 Visit our website www.rootfinancialpartners.com to learn more about us
👥 Connect with us on Facebook / rootfinancialpartners
📷 Connect with us on Instagram / rootfinancialpartners
🔗 Follow us on LinkedIn / 18347030
====================
⏱Video Chapters⏱
0:00 What’s the worst thing you can do in retirement?
1:14 - Regrets in Retirement
3:34 - Disappointing Your Boss
6:07 - Why Optimize?
8:12 - Don't Ignore Your Feelings
10:05 - Don't Forget Your FRIENDS!
11:25 - Let Yourself Be Happier
12:36 - Working With Us
#retirement #retirementadvice #financialadvisor #retirementfinances
![Stray Kids [INTRO "Lose My Breath (Feat. Charlie Puth)"]](http://i.ytimg.com/vi/udz0a5Wecxk/mqdefault.jpg)
I retired at 57. As far as friends and all these relationships, I'm an introvert and I'm not comfortable with a bunch of friends around. I have friends from years in the Army but I'm not one to need to stay closely in touch. Society says there is something wrong with me. No, this is the way I am and I am just fine. I have an Army pension of 24 years and healthcare with money I've invested in the bank. I have my beautiful wife and Golden Retriever and that's all I need. We're headed out for a 3 month trip in our Revel van next week. Don't let people or books define what happiness means to you. You can't get happiness from self help books.
Amen, brother.
I'm introvert myself and totally agree with you! Enjoy your retirement and god bless you!
11
Yeah I totally agree. Live intentionally. And i just turned 40 and retirement life is bothering me now. 😅 I imagined myself that retirement life is living in the province surrounded with nature, have small farm and enjoy reading a books.
Thx for posting… I sometimes feel like a loser because I have so few friends… truth is, I don’t have many friends because I actually prefer not to be surrounded by people. Like u, I have a wonderful wife and a fine dog, 3 good kids … etc
I retired at 62 and am 64 now. I dont have a spouse anymore, dont have friends to do stuff with. I dont have a house, I live in an apartment. I dont have money. And worst of all, my son (my only child) died a couple of months ago.
BUT I have MY LIFE to live. I enjoy waking up, reasonably healthy. Im not on any medications. I dont go to doctors. I have my son's two pet cats and they are my companions. I can do whatever I want when I wake up. I can take as long as I want to make breakfast, drink that cup of coffee, watch the birds and squirrels, go take photos, organize my stuff, do word searches, or go to the community center. I am enjoying the FREEDOM to own my day rather than my employer telling me WHAT to do, HOW to do it, WHEN to eat and for HOW long to break. THAT in and of itself is worth its weight in gold. Retirement ROCKS and I do not regret it for one millisecond!
Sorry to hear about your son. I trust you have many great memories of him to sustain you. Keep up your positive outlook on your life!
If you dont have a dog. get one, go to your local shelter and rescue one
let him or her live with you and this will pay you back two fold. the love of a dog is like no other
Yes I too am sorry for the loss of your child. O am glad for you that you honor his memory by recognizing the good of life. The Holy Spirit is my companion I hope He's yours too.
I am sorry for the loss of your child. Live in peace.
I know grief. Your closer to God than most of us now. I liked the "PsyHacks" video about "getting out there and making friends" where he suggested "classes" and hobbies (I add church) as great ways to start over. I gotta say church is great but it's hard to get to the human side of friends there (why would they tarnish their own wings?). I'm starting over too. Faith.
My 94 yo aunt said nobody dies saying they regret not working more. Hospice nurses say people didn’t regret what they did in life, they regretted what they didn’t do
Well, depends what they did ;-)
@johannronny rengers that's true. What you did can never be undone, but what you didn't do maybe you can see it as something that was not ment to be. But I get all the points told here, people saying this mean that they wish they were true to themselves and not be so scared to do the things they want
The only things that I regret not doing are the things that I knew that I could not do. I am definitely one of those people who regret things that I did, not the things that I did not do.
My grandmother felt she hadn't accomplished much in life. If possible, it's best to strike a balance
Oh I regret quite a few things that I've done in my life...ugly. Those things rear their ugly heads every now and then. I don't regret things I haven't done.....I don't mourn what I couldn't do or should have done, it's over.
I retired 7 years ago. Zero regrets so far and I don't expect to have regrets anytime soon. My secret? I call it planning. If you like your weekends, if you like your vacations the you will love retirement. So far I have had 7 years of endless weekends and endless vacations. Tell me, what could be better than that?
Retired one month ago. No regrets yet!😛
Next week 5 years for me, very happy, no stress. Great move😅.
It can turn on a dime dude.
Agreed. Planning. ...... If u have lots of money....... Do u still want to work or retire. It is about planning
Retired Last July… no regrets… I don’t have TGIF anymore….😅
I retired at 62. No regrets...but stay busy, and health is way more important than money and possessions.
All the regret that you mentioned are nothing to do with retirement. Its about the people how they lead their life . I don’t have any regrets retiring at 56 as Nurse . I was in so demand in professional area . I was not lazy one ; I did it honestly for 35 plus years . Don’t be afraid to retire . Don’t die in your job . You are not that important; they will replace you same day . Retire early if you can financially…Live your life
That is my goal!👍
Same here. Worked 30 years and retired at 54. I was replaced before my chair turned cold 😂😂😂
Die in your job….so true. I knew some folks like that and some are diagnosed with “surprise” chronic illness right after retirement. The workplace has become more and more demanding. It takes so much out of you unfortunately.
Absolutely right! I can't wait to retire! I would have ZERO regrets about leaving my job and retiring. I am shown NO appreciation for any of my hard work and effort. I can't wait to leave!
Thomas, just retired after 47 years nurse in NHS. My son died with COVID in 2020. Funeral not till late 2021, due to his death in another country. I went back to work 2 months after his passing. Stayed for another 18 months. Realized my focus had gone. If I erred, 47 years would be gone. Only thing remembered would be the mistake. I’m also in the age where I should have retired at 60, but government changed the goal posts and don’t get my state pension for another 10 months. I’m 66 March 2024. My husband said , we’ll manage and we will. Porridge for breakfast, omelette for lunch. Walk, run and cycle for hobbies. Took the decision, I could be dead and gone tomorrow.
Keeping in touch with friends should work both ways. If they make no effort then it is not a friendship worth pursuing.
I’m 65 and retired last year. I vividly recall in the 1980s I worked for a major chemical company and I would look around at colleagues in middle and upper management working 7 days a week 12 hours a day. Yes, they were making more dollars per year then I but when I informed one of them they were working for $5.00 per hour he was shocked. I made a decision a long time ago to do my work and do my best but to never sacrifice my life for the company store. If I wanted extra fast money I would cut a couple lawns in the evening. Tax free pleasant work. I always saved 15% and lived below my means. I witnessed through the years countless middle and upper managers drop dead at 50 years of age and all the family got was a fruit basket from the company.
Principle of dead mans shoes
Worked for 35 long yrs. Retired 2015 & I’m 67 yrs. old now. Enjoying every minute of it. Praying everyday to live longer so I can do all the things that I didn’t do back then. Life is good.
'praying' , yep that should help
I’m ready to depart this old world and meet my God and savior Jesus Christ!
What did you do for the years before 1980 ‘sh
Retired after teaching for 32 years. I picked up a part time job to help transition from so much structure. I absolutely love this job! Then I picked up a short term subbing job to help a friend with cancer. Working in his classroom is also really nice. I’ll “retire” again in a few months. Right now, my living intentionally is to spread more positivity and happiness in daily contacts. Life is good!
Sure it’s good in your position but did you ever think that you might be stopping a younger professional getting a position so he or she can start paying taxes and help their family Just a wee reminder to help the workforce incoming
Frankly, I got tired of always being the one who called and not the one who was called. Once I stopped calling, that was the end. That's not a "golden friendship," that's hardly a friendship at all.
True
Excellent advice. I retired six years ago at age 61 and many of my colleagues were surprised when I announced my retirement. I had two friends, both several years older than me, who kept working then within a year of retiring, became ill and died. Neither of them got to enjoy their retirement. It was a wake-up call for me because I was routinely working 50-60 hours a week and checking emails all weekend. I decided that I would regret continuing to work just to build up my bank account. I also realized that good health is not a given despite the fact that I exercise regularly.
Six years on, my wife and I are happy with our retirement. We've been able to travel, go bike riding, play tennis, enjoy time with our children and friends, and enjoy the flexibility to do things when we want without being tied to a work schedule.
The one big thing I learned in marketing is the power of regret is and how easy to manipulate others with it. Things like "limited time offer" and "don't miss out..." in ads are designed around regret avoidance. As I hate to be influenced so that others can make a few bucks, I trained myself to reject regret. I learned to look at everything I do and don't do without any feeling of regret. If I did something wrong, I apologize, make up for it, and don't do it again. If I don't do something, I trust that I have spent my time and energy on other meaningful pursuits, and I may still do whatever it is later. There are literally a million things I have not done, yet I have never missed out on anything in life.
Great words of wisdom!
So true.
Thank you, James, for a wonderful presentation. I retired 10 months ago from a 33-year teaching career at age 59 and have absolutely no regrets. I’m happy and healthy by nature, so that goes a long way in life. What I enjoy about my retirement is FREEDOM. I’ve always managed money well thus the house and two sports cars are paid off. Also, no CC debt. Some of my passions that fill my days: visits to the gym followed by the sauna, mountain biking, movie-going, screenwriting (I’ve written 7 feature scripts- some have been national award winners), attending film festivals where my scripts have been nominated- Beverly Hills, CA, Richmond, VA, Block Island, RI) and looking forward to more travel destinations. Retirement: Where EVERY day is Saturday!! : )
Congrats on your fatty pension
That's awesome. Congrats on the good money management. I'm afraid to stop working. I guess I'll always have some type of job.
Exactly when working only Saturday free Friday night to tired Sunday shit I got work tomorrow got to go bed early enjoy your Saturdays I'm jealous
Nothing like Tooting your Own Horn I’m retired do try helping less fortunate End of
I just watched this video. I can honestly say that I don't have any of those regrets. I have done all those things in my life.
I guess because I died when I was 17. It profoundly changed my outlook on life. I learned that every day is a gift and tomorrow is not guaranteed. I have lived my life like every day is my last. I am not afraid of death. I understand it!
O goodness, you died at 17…!!! Yes it would be an eye opener. I died with my sister 2.5 years ago almost and also with my ideal life partner in 2009 so like you, I’m not afraid of death. With each of these two precious persons, I have so many wonderful memories and am creating more now with my offsprings. All the best to you ❤
Your retirement hasn't ended yet. That's awesome!
But the question is, "Will you have regrets, "at the end" of your retirement"?
Excellent video. Thank you.
I retired at 65. Now at 68. I'm having so much fun. I'm busier now that ever. I have projects that I love. I wake up at 5 AM and I'm excited to start my day. I also go to the gym for 3 to 5 days a week and exercise 2 hours each one of those days. Staying healthy is priority one for me. Retirememt is the best thing ever. I love the freedom it provides me. Life is good.
My wife and I are 68 years old, semiretired but still working part time in our beloved medical fields for over 40 years. Have very few regrets (no one has NO regrets). We absolutely don't need the income but still enjoy helping people. Point number 4 (stayed in touch) was difficult for us as we moved a lot during the past 40 years. We find this balance between fun trips, part time work, and involvement in our church is the perfect combination in our current status.
That’s very gratifying to you both and helping but did you ever think that there could be a person qualified to do your job but there is no position available
I retired 16 years ago. Initially I had no regrets. Then my husband's dementia advanced to a point that he became violent and we separated. I went to live with my sister, but went 3 days a week to care for my husband's needs. Shopping, cooking, bill paying, etc.. Then he got cancer. The day after I brought him home from a 12 day stay in the hospital he committed suicide. While I was there in his apartment. Then, 1 1/2 years later my sister died. Her home, where I lived, went to her daughter so I left the state and moved in with my brother. A few months after that his 43 year old son, my nephew, due to diabetes, passed out in the shower and drowned in 2 inches of water. In all the time I was dealing with tragedy I foolishly spent all of my money and went into $24,000 credit card debt. Gambling. Now I have regrets. My advice to others is no matter what, don't use credit cards. They eat you alive.
My goodness Sherrel, I pray God will turn things around for you, so sorry for your losses!! 🙏❤🙏 I hope you get to enjoy life soon.
Everyone makes mistakes. Don't feel bad. You've been thru alot. You'll get back on your feet. Good luck!
I am 73 and I use credit cards all my adult life for convenience, but I always pay every penny off every month. However I never gamble. So credit card is not the problem, gambling is.
I told my kids never never gamble because it's addictive and gambling can be as destructive as drugs.
🙏🏼
I hope you are doing better. The gambling was probably a dysfunctional way to manage your pain.🇮🇪
I am 66 and plan on "refocusing" next year. But there's a purpose in life beyond ourselves that my faith calls me to❤
30 years ago I worked in Accounts Payable & recall delivery 3 retirement cheques for a kind local many. He had $100K+ on unused sick leave. He was paid out plus Long Service Leave, Annual Leave & other benefits. He was kind & loyal to the company so worked as volunteer retirement liaison. Sadly he died a few years later from cancer. Another man I knew retired early & was very tight fisted - he later developed Parkinsons & whilst he was tight fisted - his kids spent his millions in months.
We all make choices in life there is no perfect life, there is just life.
Bless you for saying this. Some lives will not have financial freedom; these lives have been spent working hard and just getting by each month, and then retirement will be spent living within social security and perhaps a small pension or modest savings. No vacations. No frills. And, this is ok too. It’s not a failure. My family members who have passed away lived these lives-and they were happy and felt satisfied and blessed. My beloved grandpa was an oil field worker in his youth and a coal miner in his middle years….he worked terribly hard, and never saw the sea or flew in an airplane, but he felt very lucky and happy with his life. ❤️ He was loved beyond measure.
I need to optimize my life and stop watching so many of these videos. This will give me more time with my family.
I’ve had the happiest 5 1/2 years of my life since I retired even though my family believed I was going to need mental help after I retired because I was happy working. Surprise 🎉 Now I’m happier than before.
As a person of faith I have zero regrets b/c I don''t believe this is all there is.
Thank you. Zero regret so far, retired 3 years ago at 63 Told my grumpy son to buy himself a studio flat and move out and he did. My daughter's kid is look after by her maid , I occasionally look after him. I am free and easy , travelling, cruising, foodie, shopping, library, writing, reading, meeting friends . No need any maintenance from anybody. Got my health insurance to cover me 90%. Already set aside a sum of money for my future nursing home care.
Live life the way you want for the remaining of your years on earth. I don't do social media except WhatsApp . Am a loner by nature. Cannot stand noisy chatter and crowd. Have only 3 good friends and 2 brothers who are soul mates. Life is finite don't waste it living on someone else's term.
The greatest regret you will have even if you lived a life of kindness and love is wasting your life on toxic people and environments. From someone who died and came back on operating table. Secondly dont wait for retirement to live your passions. Life is short so live every day as if it was your last.
You didnt die or you wouldnt be here. Exaggerate much? Sincerely an anesthesiologist
I’ve been retired near 16 years now, have sufficient funds, have various friend groups from church, family and rekindled older relationships…however my biggest regret is not spending more time with family and friends…a person cannot get “time” back…thank you for this video as it does help underline what’s really important in life…
In retirement one of my greatest pleasures is sitting on the park bench enjoying the weather and a good book. LOL. I used to do this as a teen, except then I would climb up in the tree and read the book there. My tree climbing days are past me! My other great pleasure is meeting folks online. I've met some good folks this way. Hard to find the time for both of these activities when working full time.
How do you meet folks online?
Just be very careful with online ‘friends’. We hear too many online scams. Never disclose your finance and run as soon as anything concerning money comes up.
nice message! this requires people to set aside focused time to deeply contemplate on each of the items you covered, in order to truly 'feel' what it means to them and then to do something about it.. to get disciplined about their action plan... otherwise, it gets forgotten quickly. glad to see you served as yet another reminder in peoples lives to help put 'money' into proper perspective so they aren't so full of regrets later.
I’ve been retired 16 years absolutely no regrets!😊
Well done, I am impressed and proud of you for sharing this as part of our navigating finances and life.
I too am a nurse, she did well with the book, it’s so true. Taking care of thousands of people (Oncology and Preop) made me realize in the beginning to listen and learn… my huge takeaway, thanks for my patient’s teaching and experience… Live life to the fullest; LIVE LOVE LAUGH! Find your purpose and do it with JOY! On the end… have NO REGRETS. Blessings to all… 🙏🏼💝
The 5 reasons starts at 2:40. They don't apply to me for the most part. I retired at 52, I don't care what others think, and I spend my time doing what makes me happy. This is the one and only life we will ever have so time is our most valuable asset. Don't waste it. If you are doing something you don't need to be doing and don't enjoy doing you are wasting your precious time. Also focus on your health and body to extend that time and to make sure it is quality time. I am in the best shape of my life and expect to live past 100 (with some luck).
Good luck 🎉
Best comment so far thank you for sharing
You must of planned well and saved lots of money? Are married? And did you have a high paying job if so you are one of the lucky ones😊
I agree, Time is a valuable assett. I retired at 59.
Though not having lots of money from retirement pension, I just try to enjoy life with a taste of nature.
Would you believe my $300 monthly budget is so conveniently enough here near Tagaytay, 🇵🇭 The Philippines.
English-speaking hospitable locals, perfectly said- so friendly!
Double that fund for some extras like almoners' to my lodge's charity or some backpack trip or visiting new fraternal friends in Manila, still I feel like a Prince in this beautiful countryside. What a unique discovery after several travels and working-like-a-horse literally in that polluted concrete jungle 😅
/.\
\ /
The flip side of this is that these regrets imagine an alternative past that may not actually have worked out the way we wished. I have tried to maintain and reboot some friendships, but people's circumstances change and people change. My great friend from the 1990s was a great friend because we were in similar places with similar reactions to things and sharing our thoughts was fun and helpful. Since then, things have happened to each of us and the commonalities are not there any more.
That’s a good point.
I pretty much disagree with your philosophy it’s not regrets about retirement it’s regrets about what happened on your whole life journey not just those retirement years
Thank you James, I learn so much from you and your videos. You have a lot of wisdom and financial know how to share, and I appreciate how you tie in other aspects of retirement, such as the topics discussed in this video, instead of just focusing on the numbers. I have worked for three decades as an educator, and I have very little to regret. I came out of the closet in high school, in order to live true to myself,. I have kept in touch with the people who matter most to me, and I have taken advantage of my time off as a teacher to travel much of the world. I live a relatively simple life. One of the most important things I've learned from you over the last couple years has been to retire as soon as I can afford to do it, instead of when it's expected of me. As I approach 55, I am planning to do just that. I don't want to regret taking the time off, while I am still in my good health to live in other parts of the world with my husband. I have thoroughly enjoyed my job as a teacher over the last few decades, but I want to explore other aspects of my personality and skill set to grow in new ways. Retirement will certainly enable me to do that.
Thanks for the kind words and for watching Juan! Congratulations on your journey, it sounds like you're in a wonderful spot to take advantage of your hard work.
I think that if you work your career with the "I don't want to work so hard" attitude in your 20's, 30's 40's, then you probably are not going to make the money that you need to earn, to get into the position of being able to retire comfortably and have these reflections
I like that: "None of this is important if the end goal is not to make you happier." Act with the end goal in mind. So important.
I lived a life of poverty, chastity, and obedience. I once worked like a beast for $1.15 an hour. At age 71 I have never married and have lived alone on one tiny income. Life passed me by and I always wanted to be rich. I will die alone. May Christ have mercy. Lord have mercy.
71! You're just beginning to live your life. The life of the present, not the life looking back at the past. If you're going through the same motions, repeating yesterday, and you don't like it - then why not change things? Do something different. Meet new people. Take a chance. Every day there are literally thousands of opportunities for you to make a change in your life, the only problem is in recognizing them and making wise decisions.
We are just passing by in this life. Jesus said that he goes to prepare a mansion for us. So when we leave this life God has something better awaiting for you. Look forward to that instead. Give him your life, let him walk beside you. All the days of your life. God be with you
@@1dash133That's great advice, but unlikely to happen. You don't suddenly change after 71 years just like that. Habits and attitudes are deeply engrained. Frankly, he would probably go crazy having someone else around. Best bet if he really wants to change is to seek counseling.
I've lost touch with almost all my friends... they moved on with their lives. I tried to stay in touch for a while, but married friends prefer hanging out with other married people. I'm not even retired yet. I looked forward to retirement when I thought I would have people to hang out with. Now I don't know what to look forward to.
We heard these regrets many decades ago from friends and family that were dying. It jolted me to think and act differently. Since learning them, I can safely say we live our lives for ourselves. Doesn't mean we don't do or help others, but we do those things because we want and like to. I Stopped working hard many moons ago. Changed jobs over the years to get away from dangerous or hazardous work and glad I did looking at some of my friends who stayed with a career path and are all used up in their 50s. Feelings and staying in touch with old friends is important as we have that plugged in. Have regular meet ups, dinner, grilling out, yard party, game nights..just all kinds of fun to stay engaged with people. The point about happiness we feel is true. But about half the people I speak to or know scoff at the notion that you can CHOOSE to be happy. It's a choice. They see it as random events that have to happen to you in order for life to be happy. They see it as external instead of internal controls that cause happiness or not. I tell my doctor every year while getting my checkup when he asks how are things going, any stress, etc. Just a well being, mental health checkin part of the visit and I always tell him. "Doc, if I died right here on this table, right now. I die a happy and contented man". I know my wife has plenty to see her through the rest of her days without fail. Daughter is off and doing well on her own. We have traveled and seen great things, had great experiences, great friends and family, always learning new things, and the list goes on. Just going to do more of those things before the last toc of the clock.
What a great video! I really enjoyed it. I plan to retire when I am in my 40s. Ive learned to be careful with who I tell because people discourage me from it, but it won't stop me. I want to enjoy life when I still have the health and energy to do so. I have a master's degree from a very prestigious college. A lot of times people ask why Ive gone through so much college if I plan to retire early. When I was in college, I had zero financial education. I had never heard of the FIRE movement and really was passionate about the work I wanted to do. I still am passionate but I am more passionate about my time and about being with those I love with no regrets.
This is something I have been thinking and acting in a conscious way in recent years. That is I want to work and do things on my terms and not other’s terms whenever it is possible.
At the end of retirement you don’t regret anything
Planning for retirement, I had too many regrets, I stop wasting time,
I start to be energetic,
enjoy my life at this moment.
I loved what I did at work - the travel, the working with so many others, the feeling that I could buy whatever I needed during the last 10 years or so before retirement. But I noticed that breaking away from the "norm" can be so difficult for many coworkers who reach 65. They just cannot fathom spending money that is not consistently replenished.
Many retire only after they have a medical condition that forces them to retire. Sadly, the condition often limits them from fully enjoying a retirement of freedom, freedom to do what they always wanted to do, but couldn't because they had to work every day.
Allocate time to enjoy life, help others who are less fortunate, and help yourself be healthy and live a long life. Of course, you need to prepare for retirement, well in advance by saving, exercising, and eating healthy foods.
So True Dave! Great wisdom, thanks for sharing.
“Hard to spend money that is not being constantly replenished”. Thank you for those words of wisdom.
It’s hard to save when living paycheque to paycheque. I’m getting closer to retirement age and not able to have saved a penny
I too loved my job. I like the intellectual stimulation and being able to work on interesting projects with really good people. It surprised may of my colleagues when I announced I was retiring at age 61, but I don't regret it because along with the projects and intellectual stimulation was a pressure cooker environment. After I retired, I joked that when I was working, I couldn't go to bed before 11:00PM, but in retirement I have a had time staying up past 10:00. The reality was that I would only get home at 8:00PM while working and needed several hours to simply decompress. Now that stress is gone.
Great video with 5 important points, where 3 of them hit home! I'm 72 and 4 years retired really enjoying myself but this video makes me realize I need to be more intentional.
My motto: Keep a positive attitude and appreciate it now because it's only going to get worse! I think this applies as we age. Thank you for the thought provoking video!
Thank you for this. 💙 I appreciate that you all talk about the emotional aspects of life, and the overall purpose in WHY we seek out retirement. Having a fulfilled life… pre and post retirement… is why we work so hard to begin with. Thinking about the potential of looking back with life regrets… makes us more intentional with our decisions now.
Absolutely! Well said Nic. Thanks for watching.
I am not retired yet, but those things you mentioned are already part of my life.I am enjoying life, feeling I am retired while working.
The comments for the video are truly fascinating and are true life experiences. I enjoyed and valued reading it the most.
My comment will probably not resonate with the western viewers but here goes…….I am a Healthcare Professional,Asian,happy,and no regrets,absolutely! Migrated(chosen) to America under the Exchange Visitor Program back in the day. Worked VERY hard by choice with a mindset to be able to help my family back home.THIS mindset MADE me happy. Did not fancy going out every weekend to bars and nightclubs,buying stuff and following trends. Simple were my needs which included some travel with friends who were like me. Saved money which eventually paved the way to the education of my two children, who both have their Masters Degrees and now have their own adorable children. Now in retirement,I have no debts whatsoever and simple is still my need. My health is pretty good for my age and I am happy just being around family most specially my gorgeous grandchildren! So,you see,life is what we make it!
Good for you xxxxxx
A life well lived
Love your share ..indeed life is what you make out of it
..am here in the Philippines..62 yes old ready to retire and be grateful to the God for being healthy and still happy with all the simple things ..
Nice that you ventured out of your normal content - for many, this counsel is as, or more, important for one's retirement than financial advice.
My father in law was a person who had tremendous courage in expressing his feelings. He lived fully as "the person he wanted to be". He recently died. My wife, his daughter, was estranged from him, and did not go to see him on his deathbed. Neither did my FIL's son, my wife's brother. My FIl's grandson, the son of his son... he saw him maybe twice. Be careful with this "courage". Many see it as just being an asshole.
Well done video and thanks. Very thoughtful and quality comments as well….no good comments comes with bad video 👍🏼
Avoid negative people. Family, coworkers etc. Any age bracket.
Don’t get brainwashed into buying stuff you don’t need and going into debt. I don’t need 20 coats and a $70,000 car every 3 years.
That’s it. Life is good. 😊
Regrets, like worries, are of no use. You can't turn back the clock to have a second chance to get what you desired. To hold on to regrets will only make you miserable for nothing. Stay focused on the present and live life to the fullest. Your past was a journey of learning from every decision that you made. There's no reason to regret anything.
At the end of retirement, I'll probably regret dying.
I find funny that you talk about retirement and you are so young. Thank you for your videos. Very informative. ❤😊
Optimizing to be FREE at an earlier age to have time with family, friends, and self.
What a great video - thank you for steering me back on track as to what is really meaningful. Good job James.
It's a good idea to send Christmas greetings with a card made from photos of your year and a text describing your year as a minimum . Add a personal greeting and the friendships don't die. Everyone knows they can reach out to you anytime.
I also find it helpful as another commenter wrote to keep in mind that you have to make choices because time is limited and that there where reasons for your choices. No reason to feel bad about it. You need to work to have money to live on. Life is compromise. I need money in my retirement.
As far as it comes to choosing to be happy I don't think that ignoring what's going on is the way. Perhaps you could concentrate on prioritizing what's important and where you can make an impact. If you are unhappy can you change your circumstances or is it really necessary to adjust how you feel about the situation you are currently in. Of course you should not get agitated about things that are of no importance and make yourself unhappy.
A happy life to you, too. 😎
So so true these 5 things people regret! I can totally relate - I have given work and my career so often far far too much importance. Peter U.K.
I knew a Peter from Leicester who traveled away from home nearly every week to work. I thought that must have been very difficult. I was glad he retired before 60.
Like many of the successful retirees, we (myself & wife of 45 years) planned to retire as soon as we found a way to have a cash stream that pays off all the monthly bills and the yearly home owners fees, property tax and the municipal utility district tax etc.
We did not want to touch our IRA, 403 b etc; we wanted the SS monthly income to pay for ALL of our expenses. Before retirement, we wanted to payoff the house and buy a brand new car with cash. Now after 10 years of retirement, we enjoy the retired life with the slogan "Total FREEDOM".
We sleep well (7 hr in the night and 1 hr nap in the afternoon) and walk EVERDAY at least 2+ miles, rain or shine, which makes us feel healthy!!!
Every two months, we drive to see our daughter who lives 200 miles away and our son visit us every 3 months.
No complains, except some annoying skin problem (due to seasonal allergy). Yes, one CAN plan one's Retirement which is enjoyable and fruitful.
:+))))
You are lucky! I'm in the same situation except that my wife drives me crazy and is ruining my retirement. I don't know what to do.
James, I have just found your channel which is refreshingly pragmatic and reflects much of experience I have gained as a health care professional: keep up the excellent work.
Thanks for another informative video James!
It's all a state of mind. Many people go through life having expectations about status, lifestyle, self perception. Others just see life as an amazing phenomenon that they find themselves in and expect nothing from it other than to just observe it's passing, see where it leads and be content with that alone.
Thanks for this insightful video. I can relate to numbers 3 and 4. It can be difficult to step outside of yourself to take an honest look at your life. This helps. It's a good tool.
The biggest regret that a lot of older people have is that they always played it safe and never took any risk with their lives because they were uncomforable with change. Instead of going for the gusto, they decided it was easier not to "rock the boat" and to just live a medodcre life. Sad but true!
Risks sometimes destroy lives.
Not all people are adventurous. Some people are happy with being just ordinary doing simple things.
Note that regret 3 and 1 and 5 are similar emotional statements about feelings.
Regrets are a double edged sword, we often don’t get a redo. It is useless and actually harmful to focus on regrets, other than to learn to do better going forward.
People tend to be depressed when dying, it is much healthier to focus on the positives, than on all the things you can’t change. We all die, we all make mistakes, Heaven and Hell were created to contrast those that were malicious from those that could have done better, but did “good enough”
Spot on xx
Money is not all.....is Everything ! God bless. You are the builder of your day.
Wow!! Very thought provoking! Thank you for this valuable advice!
Glad it was helpful!
Every person has a different story, when, if, they can achieve retirement. Few know the "real" truth about many, even those "close" to you. You don't really know one's specific situation. Makes no difference to me what age people retire at, with regrets, no regrets, don't care about regrets, and so forth. It's a balancing act and one can get some sort of perspective and information on this video, and 1000's like it. That is why I don't feel it necessary to provide my situation because I don't care to compare to anyone and vice-versa.
I retired at 62 and in the better weather I do thousands of miles of motorcycling each year. The sense of freedom is profound.
No foreseeable regrets for me. I am still working on my bucket list. Yes, like someone said, it's all about "planning ahead". One important thing to mention, "your health". If you do not, medical bills will take a lot of your retirement funds. Plan ahead, live wisely.
Great advice. I’m not sure happiness is a choice however. There are some studies that suggest happiness is an innate characteristic. That’s why buying something to make yourself feel better is temporary. You soon return to your baseline level of happiness.
Your young..so yes…working very hard..pursuing goals….is so so important. 😊
Thankful I was able to figure these out at 35 or so. Still don't have friends in point 4, but I've got time.
At work I was optimizing personal development, transferable skills, curiosity and info research.
It is so true. Happiness is a choice. Count Your Blessings.
Great podcast just stoping work at 60 because life goes so fast thanks great advice 🙏🙏🙏
My main regret is not pushing my hubby to travel with me
he was ademant about not getting on an airplane and thus thankfully i was a reservist and got to travel all over the world.. for free. and got paid!
however now he is ill and is willing to travel but simply cant be away from the hospital at all.
so yes i regret that,
im grateful my mum and i traveled constantly and now that she is gone i miss her terribly my best friend but im so glad we went out every day for this and that. had a blast,,
This really resonates. Thank you
Nice! I availed early retirement. Very informative
I'll add #6 eventhough I'm not in my deathbed but I know I'll tell her is that I wish I didn't worry so much about everything. At the moment you're about to die, you'll look back and it'll seem so silly you worried so much and loose sleep over this and that only to just close your eyes and never wake up again. All that worrying and stress you put yourself though and we all still come to the same final outcome.
This is part of the whole retirement planning the psychological part.thanks very nice video.
I retired at age 60. Worked this long because I was only income for family of 5. Your 5 items make sense. But, remember there is grey areas within each area. For example: Item 1 implies we live for want we want instead of what we need. Boy.... I'd love to drive a fancy red sports car. But living in deep snow region forces me to drive AWD high ground clearance vehicle. Especially when having family members in the vehicle. Personal wants and "needs" are always different. Needs of own safety and family support always comes first. I agree with "let ones self be happeir" and not focus on the bad / on the little things - that do NOT incluence one's own life... My wife often said... Keep your eye on the ball and NEVER keep score. Life's Game during the years will end when it ends. Just play with ethical rules and support the family. At end of one's life we want to honestly say that "we as parents did a great job". Today, I can honestly say... We did a great job.....
By the way, you are so good at communication. Stephen Covey was a wonderful teacher.
I retired a year and a half ago and so far so good! I went out at 54 so we could travel and actually enjoy ourselves while we had our health.
Glad to hear that!
Wow, you are equally good on philosophy as you are on finance! Really enjoyed this video.
I am retired and couldn’t be happier. My work and coworkers were fine. It was time to pass the baton. You know things are good when you don’t dwell about the past and look forward to tomorrow.
All very abstract.
I work as hard as I can, many many long hours, don't see my kids in the week. I am very very happy about this. My job pays well, I do what I think I need to to be considered by my bosses to be performing well in the role, and that's what keeps the roof over our heads, good quality food coming in, and a funds a few support activities - not too many - to help develop the kids. I am delighted I get the opportunity to work like this to keep us rolling forward, am terrified of the day when suddenly I will not have this work. Work while you can, is my advice.
I see the kids at weekends, we spend time together. We properly know each other.
Almost all my investments were for my kids. There wer other investments I helped them ( an only child a son & his family, which I thought included us their Dad & Mom) Nothing in return but even the very capital investment just went the drain. Worst is the fact I realized, too late, that we are not in the plans to be in their family but to be of helper as they couldn't just do away with us, Mom & Dad. They simply are only obliged.
At 76 I feel that every morning I wake up is a bonus but have no intention of retiring yet. I live in a community of 15000+ and was spent my formative years living 5 miles from where I live now. My wife was born 400+ miles away but knows more people in the community than I do. I like it that way.
Retired expat from the US living in Thailand 5 1/2 years.
Haven't missed the US for a moment. Every day gewat. With a greaT Partner. Nice, friendly people here. Every day great. Plenty to do, Lotta travel, great weather, low costs. ALL GOOD!!
I’m 75 I retired ten years ago . I’m set now for life wish I can still work but too much tax . I now enjoyed my retirement plus the great excellent healthcare insurance. Can’t complain god is good to me 🙏🙏🙏♥️
I've never really spent a lot of time regretting things. All that stuff is in the past. Nothing can be done about the past. I usually focus on today and a little bit on the future. Even the concept of a bucket list is not something I've ever cared about. I'm not going to worry about trying to fulfill a list of things that other people expect to be on a list. I enjoy my life.
im 58 retiring next year but the thought of retirement gives me nightmares. My apologies to everyone who have retired and filing social security during this time after putting in all those years of work just to lose everything to a problem you never imagined to happen. It’s so difficult for people who are retired and have no savings or loved ones to fall back on.
Retirement is such a bad word. Maybe I would use the 'Next phase of life outside work'? There is no benefit gain being the riches guy in the cemetary,...rather be rich in experiences from what life gives you.
"rather be rich in experiences from what life gives you."
Well said!
@@benstr8156o😊
I have no great regrets in life in fact my life has turned out more successful than I thought it would when I was young! I wish I had spent more time in college but that may have interfered with the other activities in my life like supporting my family which was equally important to me. Besides my career and my family turned out to be completely satisfying so I have nothing to regret. My wife and I have been retired for almost ten years and we are both happy with retirement. Life is good! 😊
Go to College now - why not ?
No regrets! RN, I retired at 59 1/2 and have enjoyed every day since! Lived on savings until 65, started my avocation teaching arts and had all the time I wanted to travel and spend family time! Now at 72 I still have so many things I enjoy doing each day. And I am contented just spending alone time. Life is good and I want many more years!
Thanks for spreading the wisdom. Now, I’ve got some old friends to track down.