The Bird’s Eye View:
Believe it or not, Mick Jagger has dispensed a lot of retirement planning wisdom in his life. Granted, he didn’t mean for these statements to have anything to do with money when he said them, but we’re here to weave these quotes into a financial lesson.
On this episode of Your Retirement Elevated podcast with Scott Dougan, we’re talking about Mick Jagger’s famous quotes and his unintentional retirement advice and wisdom.
“The past is a great place, and I don’t want to erase it or to regret it, but I don’t want to be its prisoner either.”
Some people spend way too much time worrying about financial things they did or didn’t do in the past instead of really focusing on assessing where they are now and what to do next.
More importantly, where do you want to go? Your future has to be bigger than your past, and you have to have something to look forward to. Dwelling on things that have happened in the past aren’t going to help you with a successful retirement.
“Lose your dreams and you might lose your mind.”
It’s hard to plan your retirement if you haven’t taken any time to dream about what you want life to look like. How much will you travel? Where will you live? What will an average day look like?
Spend some time dreaming alone and with your spouse, if you’re married, and then work to create a plan that makes that dream happen.
You really have to create a plan of action to fill your time and create value out of your existence. It’s extremely important to have that vision.
“It’s alright letting yourself go, as long as you can get yourself back.”
It’s OK to lose money in the stock market as long as you have time for those investments to rebound. But if you don’t have time on your side, you need to assess your risk very carefully.
Listen to the full episode or use the timestamps below to find specific segments.
[2:52] – The past
[4:28] – Losing dreams
[8:22] – Letting yourself go
[10:27] – Satisfaction
Thanks for checking out the Your Retirement Elevated Podcast. We’ll talk to you again on the next show.
Scott Dougan, RFC, Investment Advisor – Contact