This world of extremes — from the lower-middle-class Rust Belt, to the quaint simplicity of the Amish, to the opulence of $50 million horse farms — was confusing in my youth. I assumed, as most do, that it was better to be wealthy than not. But the older I got, the more apparent it became that the rich folks weren’t any happier than the rest. I became preoccupied with investigating whether more wealth actually led to more satisfaction.
Helping people work toward financial freedom in the world of investment planning, I’ve been able to turn this obsession into practical data points. It turns out that money can indeed buy happiness, but the price is lower than you might think.
I saw some of this in practice when working through the great financial crisis of the late 2000s. While the world flipped upside-down for most Americans, I had many clients who didn’t allow these challenges to impact their retirement plans and happiness. It was inspiring!
This realization catapulted my pursuit to find others who knew how to weather tumultuous financial times and find joy. Maybe, I thought, I could reverse engineer the recipe and share it with others.
Technology and experience made it possible for me to access thousands of sample sets, find families in relevant situations, and ask in-depth questions about financial and life habits. My team and I boiled the data and distilled its vapors until we had extracted the information we needed.
There are 30 things you can do and 30 things you can avoid to increase your chances of a happy retirement. “What The Happiest Retirees Know” organizes all of this into 10 categories. While my last book, “You Can Retire Sooner Than You Think,” focused more on the financial habits of the happiest retirees, this one takes a closer look at how lifestyle habits can affect both happiness and the financial bottom line.
This new book runs the gamut from family and finances to love, health, and even faith. It answers the critical questions: How much financial assistance can you give your adult children without risking their independence and your well-being? Which activities can double your chances for contentment with very little effort? How often should you be attending your place of worship to maximize peace of mind in retirement?
Because financial planning provides space for so many different strategies, I use my research as a set of tiebreakers that can help us make life, social, health, and financial decisions based on more than just money. And that’s why I’ve spent so much time and effort over the years learning from HROBs. They are proof it can be done and the more we emulate them, the better off we’ll be.
There isn’t a perfect formula for the happy retiree, but there are 30 different traits that really do move the needle. While few happy retirees nail every trait, they do get a lot of them right. So can you.
I’m very excited about this new book and proud of the research and work that has gone into it. I hope that it will help many readers discover how to live a healthy, secure, and joyful life. Get the full story in my book: “What the Happiest Retirees Know: 10 Habits For a Healthy, Secure, and Joyful Life,” available on Amazon or at your favorite book retailer now.
Read the AJC Article here.
This information is provided to you as a resource for informational purposes only and is not to be viewed as investment advice or recommendations. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. This information is not intended to, and should not, form a primary basis for any investment decision that you may make. Always consult your own legal, tax, or investment advisor before making any investment/tax/estate/financial planning considerations or decisions.