Living the Two Comma Life in Retirement [PODCAST 49]

This week, our “Retirement Readiness” hosts Tim Regan and Katie Umland tackle a question many of us ponder: How can you create a retirement that’s financially, emotionally, and spiritually fulfilling?

Living the Two Comma life in retirement is about more than reaching that millionaire status, but how do you know if you’re on the right path?
The answer: It depends on who’s asking.

Tim and Katie offer an important and heartfelt perspective, arguing that what truly matters is less about what’s in your bank account and more about cultivating a “millionaire mindset” – one brimming with abundance, freedom, and a deep sense of purpose.

The first small step comes from shifting our perspective. Imagine moving from a place of scarcity – where we make decisions out of fear – to a place of abundance, where we believe there are enough resources to create a fulfilling life. Our hosts even suggest exercises to help us discover our calling, like paying close attention to what sparks joy and ignites our passions: Where are you spending your energy, your time, and yes, your money?

They illustrate this through the relatable example of someone who chooses to forgo a daily coffee shop purchase. By redirecting these saved funds towards a long-term goal, such as a more comfortable future residence. Consider how your own spending habits are shaping your money management – are your expenses and values aligned?

This type of introspective analysis of your “now” also ensures that your current financial choices are helping to move you toward your long-term retirement vision. By implementing small, consistent adjustments, you can bridge the gap between your present reality and your desired future.
Tim uses the analogy of a fishbowl: Just as a larger bowl allows a goldfish to truly thrive, breaking free from self-imposed limitations allows us to explore new possibilities. This could involve considering activities we wouldn’t normally due to perceived restrictions, ultimately leading to a life brimming with vibrancy and purpose.

Remember, designing a fulfilling retirement isn’t about a specific number in the bank. It’s about living with intention, focusing on what brings us joy, and making small changes to create a future filled with purpose and the freedom to pursue our passions.

Hit “play” to hear more about how retirement planning can support your role as a grandparent, and be sure to check out our other “Retirement Readiness” episodes

 

Key Timestamps and Topics

  • 0:00:23 – What does “Two Comma lifestyle” mean?
  • 0:04:53 – Starting with the mindset that God provides, plus some of Tim’s 10 rules towards abundance.
  • 0:08:44 – How to look for what sparks passion and takes priority in your life.
  • 0:11:42 – How financial mindfulness can create “hacks” for the Two Comma life.
  • 0:15:55 – Tim’s fishbowl perspective analogy and how it can create or break self- imposed limitations.
  • 0:21:00 – Final thoughts about how to achieve a Two Comma lifestyle
  • 0:25:30 – Where to learn more or ask questions about the Two Comma lifestyle

3 Key Takeaways

  1. A fulfilling retirement goes beyond finances; focus on purpose and living a life you love.
  2. Shift your mindset from fear-based decision-making to believing in abundance and possibility.
  3. Small, consistent changes and a break from self-imposed limitations can pave the way for a vibrant future.

Links

  1. PrairieView Wealth
  2. PrairieView’s Youtube

 

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