Podcasts Archive - Page 61 of 70 - Retirement Wisdom

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Volunteering plays a big role in many retirements across many types of volunteer organizations. Today’s guest, David Jarmul, shares his experiences volunteering abroad with his wife with the Peace Corps in his sixties. David’s new book, Not Exactly Retired, tells the inspiring story of a couple who steered off the main highway of the American Dream to reinvent themselves. They left their home to wander around the United States and Nepal and then serve as Peace Corps volunteers in Moldova, in Eastern Europe. Not Exactly Retired is a book for anyone seeking inspiration about how they, too, might pursue adventure, serve others, and embrace the next phase of their lives. This book is a shining example of why volunteering is important – and why it can be a unique way of reinvention in early retirement.

We discuss with David:

  • What it was like to walk away from a great job and career to pursue adventure and service.
  • What his sendoff was like at Duke University.
  • His side trip across the US and a return visit to Nepal before his new Peace Corps mission.
  • What it was like to be in the Peace Corps in Moldova in his sixties.
  • What he learned about himself.
  • How the experience affected his relationship with his wife Champa.
  • What the re-entry to the US was like.
  • What’s next for him.
  • How individuals and non-profit organizations can be more strategic about volunteer opportunities.
  • How he’d advise someone looking for a way to be more creative, serve others and pursue a higher purpose.
  • Why drifting in retirement is important to avoid.

David joins me from North Carolina.

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Bio

David Jarmul is a writer and world traveler whose blog has been read in more than 100 countries. He was the head of news and communications at Duke University for many years and held senior communications positions at the Howard Hughes Medical Institute and the National Academy of Sciences. An honors graduate of Brown University and past president of the D.C. Science Writers Association, he has also worked as an editor for an international development organization, a writer for the Voice of America, and a reporter for a business newspaper. His previous books are Headline News, Science Views and Plain Talk: Clear Communication for International Development. David has traveled throughout the world and in all 50 U.S. states. He served as a Peace Corps Volunteer in Nepal, where he met his wife, Champa, and with her in Moldova, Eastern Europe. They live in Durham, N.C.

Source: https://notexactlyretiredbook.com/

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Wise Quotes

On Identity and Retirement

“I began to redefine my identity. It took me months to change my LinkedIn profile and to let go and stop thinking of myself as the former this or the former that, and to embrace my new role as a Peace Corps volunteer – and also as a blogger. So, that was good. More broadly, I felt like being a Peace Corps volunteer really helped me to be flexible to this. Can I step into a place where the resources are much less than we have in America? In many ways, it’s a simpler life. And to realize that what really matters in life is, is not necessarily what we obsess about here in America.”

 

On Volunteering Abroad in His Sixties

“I was serving in my sixties this time, which many people listening to this might think, ‘Wow, that must be pretty tough.’ But actually I thought it was easier to be a volunteer in my sixties than it was in my twenties. Particularly since I was serving with my wife. I wasn’t lonely. I always had my best friend there. And with the people who ran the community where we were – the mayor and the head of the school and the library and so forth – they were the same age as us. And so we became friends. So we would trade photos of our grandkids and we could talk to each other as peers. And it was a very different kind of relationship. And we really enjoyed it. ”

 

On How Not-for-Profit Organizations Can Leverage Retirees Better

“…Non-profit groups look to older volunteers often as a way to handle tasks that don’t necessarily use their skills all that appropriately. And I think there’s a real opportunity within the non-profit world, and more broadly in American society, to take advantage of our cohort. And to think more strategically about the skills they can bring. People have great backgrounds, whether it’s in HR or with computer technology or management and just [overall] communication skills. So it’s sort of in all kinds of areas [with experienced people] who are eager to be of service. And I sometimes feel like nonprofits don’t quite know what to make of them. So I’ve been actually working with others here in North Carolina to see if we can address that. But it’s a need and  it’s an opportunity that I think extends much more broadly across the country.”

 

Advice on Volunteering in Retirement

“I’m imagining somebody, Joe, who’s listening to this right now who thinks, ‘Oh, that’s kind of fun, but I could never do that.’ And my answer to them is:  Yes, you can. But it doesn’t necessarily have to be the Peace Corps. Everybody has their own dream, has their own bliss. And for us, it was doing that for somebody else. That may be something entirely different for you. My argument to people is not, ‘Hey, you need to join the Peace Corps’. It’s:  Take control of your life.’ It’s:  ‘Be deliberate about where you’re going. And another way to say that is: Don’t drift. I have friends and I’m guessing you may too, who are dear friends and wonderful people, but I get the feeling that they’re just doing what they’re doing because they can’t think of something else to do. They don’t necessarily enjoy it all that much anymore.”

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For More on David Jarmul and his book:

Order Not Exactly Retired 

Read David Jarmul’s Blog

Watch a Short Video on their Moldova experience (1 minute, 41 seconds)

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Related Podcast Episodes You May Like

Why People Make a Career Change with Purpose Top of Mind – Chris Farrell

How to Build a Non-Profit Encore Career – Betsy Werley

With the Freedom to Retire,Where Will You Plant Your New Tree in Retirement? – Don Ezra

The Exciting Potential of Integenerational Mentoring – Charlotte Japp

Why Settle for Happiness in Your Retirement? – Emily Esfahani Smith

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Related Blog Posts

Find the Volunteer Opportunity That’s Right for You

Power Up Your Purpose: Now’s The Time

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We hope this podcast episode finds you and your loved ones healthy and safe during these challenging times. Stay well.

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About Retirement Wisdom

We help people who are retiring from their primary career and are not done yet, discover what’s next.

A long retirement is a terrible thing to waste. And a meaningful retirement doesn’t just happen by accident.

Schedule a call today to discuss how we can help you make yours great.

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Explore retirementwisdom.com

 

Life planning & career planning can be challenging things to tackle, especially in uncertain times like these. Dave Evans, the co-author of Designing Your Life and the new book Designing your Work Life, explains how the principles of design thinking can give you an edge. Whether you’re anticipating a transition to a new chapter in life in retirement, creating a second career or making a savvy career change, “iterating your way forward” is the best way to explore new options.

Designing Your Life is one of the most impactful books I’ve ever read and the one I’ve most often given as a gift. It’s the best book on life planning and career planning in my view.

We talk about:

  • The story of how Designing Your Life came to be
  • The Principles of Design Thinking and how they can be applied to life planning and career planning using DYL
  • How Designing Your Life is used in different populations around the world today
  • How DYL is leverage by older adults in mid-life and later life
  • Why Reframing is a skill you’ll want to develop
  • How Prototyping works with a person instead of a product
  • What the new book Designing Your Work Life is about
  • How networking is done with a DYL mindset
  • Dave Evans’ advice for someone considering making a change in their life or career

Dave joins us from California.

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Note: We’re in challenging times. Investing some time in reflection and self-renewal is especially important now. These podcast episodes are offered now with that intention in mind. We hope you find them helpful and hope that you stay well.

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Bio

Dave Evans has worked in alternative energy, telecommunications, and high tech. As an early member of the advanced systems group that built the technology that became the Macintosh, he led the first computer mouse team and laser-printing projects, before leaving to co-found the software giant Electronic Arts.

After more than thirty years of executive leadership and management consulting in the high tech world, Evans realized that what he really wanted and needed to do was help people rediscover purpose in their jobs and lives. He joined Stanford’s Design Program, where he now co-teaches the incredibly popular Designing Your Life course, which helps undergraduates discover their paths after graduation.

In the book Designing Your Life, Evans and co-author Bill Burnett, Executive Director of Stanford’s Design School, bring these principles to a larger audience, proving it’s never too late to design a life you love through innovation and creative problem-solving. A dynamic and entertaining speaker, Evans teaches audiences of all ages that the same principles used to create amazing technology and products can also be used to design and build a life filled with purpose and joy that is constantly creative and productive.

 

He lectures around the country on design thinking and offers a popular e-course on the subject through Creative Live with Bill Burnett. From his travel around the country and meeting and hearing from thousands of people, Evans was inspired by the Designing Your Life community to compose a second toolkit with Burnett, this time specifically focused on work. Designing Your Work Life is full of tips, tricks, and tools for optimizing and “future-proofing” work.

 

Evans earned a Bachelors of Science and Masters of Science in Mechanical Engineering from Stanford and a graduate diploma in Contemplative Spirituality from San Francisco Theological Seminary. He and his wife live in Santa Cruz and have five adult children, including three Stanford grads.

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For More on Dave Evans

Buy the new book Designing Your Work Life by Bill Burnett and Dave Evans

Read the Original Designing Your Life book by Bill Burnett and Dave Evans, a #1 New York Times bestseller.

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Wise Quotes

On Taking Charge of Your Future

“But one of my favorite parts of that particular story is that moment of realization – Wait a minute, it’s actually just up to us. These people had resources and they were healthy. Not everybody can do that, but whatever it is you’re looking at, as long as the resources could be made available, it’s just up to you. The freshness of ‘Oh my God, I can’t believe we pulled this off stuck with them for a long time. It was still amazing to them that they actually had the chutzpah to make their own decisions and that started propagating out into all other kinds of parts of their lives.”

 

On the Design Your Life Methodology – The Short Version

“So, here’s the whole Designing Your Life methodology in 10 words. Here you go:  Get Curious. Talk to People.  Try Stuff.  Tell Your Story. That’s it. The four steps and simplified process: Get Curious, Talk to People, Try stuff. Tell Your Story.”

 

On Prototyping

“Now two out of the four of those, there are two middle ones. Talk to People and Try Stuff. They’re the primary forms of prototyping. if I’m prototyping a mouse or we’re prototyping a new antilock brake system, that’s different. But prototyping a person. How do you do that? You talk to people and you try stuff. You go out there and you have conversations with people doing the kind of thing you’re thinking about or curious about. And you begin to do very, very small, little ‘get your feet wet’ experiments. I don’t mean, take the whole summer off and go live in Bora Bora. Log into a virtual reality experience for 30 minutes and then go spend a day doing it or do shadow somebody. Get really ‘low bar’ experiences of trying these things out.”

 

On Thinking Like a Designer

“What we’re doing, is actually a way of living in an experimental way and it suddenly becomes ‘Oh, I can get up and take my curiosity out for a walk every single day by talking to people and doing stuff.’ And sometimes along the way, it’ll actually turn into a decision that becomes a new life. How interesting. So it’s really a way of life that we’re offering it. It’s not a religion. Your value system comes from other places, but then you live in this way of being in the world, which is experiential and collaborative and participative. And frankly, it’s really interesting.”

 

On the New Book Designing Your Work Life

“Networking is just asking for directions from kind people. It’s not bugging people. And so off you go by the way of that simplified system of Get Curious, Talk to People, Try Stuff, Tell Your Story. That is exactly what we recommend people do when it’s time to think about making a change – because if you get stuck early on by trying to figure it out or push it off or solve all the problems, you will get stuck prematurely. And your friend here really is curiosity. Set the bar low and give yourself some time. So if you make the transition process itself and the exploration into it, its own reward: Oh Hey I’m making progress, I’m learning, I’m meeting people, I’m getting out there. And finding a fun thing including like, Oh wow, that’s no fun at all. I would never want to be a Tax Preparer despite the fact that I’ve always kind of had this evil satisfaction doing my taxes at the end of the year.

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Work One-on-One with a Coach

Want to work on designing your next chapter?

We have a Certified Designing Your Life Coach.

Invest in crafting your future. Schedule a free consultation.

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Related Podcasts You May Like

Why People Make a Career Change with Purpose Top of Mind – Chris Farrell

Tiny Habits Can lead to Big Changes – BJ Fogg, PhD

The Joy of Movement – Kelly McGonigal

With the Freedom to Retire, Where Will You Plant Your New Tree? – Don Ezra

How to Make a Wise Career Switch – Dawn Graham

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About Retirement Wisdom

We help people who are retiring from their primary career and are not done yet, discover what’s next.

A long retirement is a terrible thing to waste. And a meaningful retirement doesn’t just happen by accident.

Schedule a call today to discuss how we can help you make yours great.

Our guest today is Kelly McGonigal, Ph.D., and author of The Joy of Movement. Kelly is a health psychologist at Stanford whose Ted Talk on stress has over 22 million views.  The Joy Of Movement is an exceptional book that blends the science behind the psychological benefits of exercise and physical activity with compelling stories of how exercise has helped people overcome challenges and thrive. It’s a great time of year to (carefully) start or resume working out and this book has inspiring messages that will get you moving. You’ll find this book to be helpful for people of any age and any level of fitness, including exercise for seniors.

Our Conversation with Kelly McGonigal

We talk with Kelly about:

  • Her personal story with exercise and the role it plays in her life
  • How movement affects our moods
  • How movement can bring out the best version of ourselves – and a braver version of ourselves
  • The social side of movement and exercise
  • How the people she interviewed for her new book showed her how exercise, hope, and courage are connected
  • The mind-body connection – and what a rock-climbing experience taught her about overcoming fear
  • The story of her grandparents and the role of music and movement in their lives
  • Her advice if you want to start exercising, resume exercising or take it up a notch

Bio

Kelly McGonigal, Ph.D., is a health psychologist and lecturer at Stanford University, and a leading expert in the new field of “science-help.” She is passionate about translating cutting-edge research from psychology, neuroscience, and medicine into practical strategies for health, happiness, and personal success. Kelly’s latest book is The Joy of Movement: How Exercise Helps Us Find Happiness, Hope, Connection, and Courage.

She is also the author of The Willpower Instinct: How Self-Control Works, Why It Matters, and What You Can Do to Get More of It (Penguin 2012), which explores the latest research on motivation, temptation, and procrastination, as well as what it takes to transform habits, persevere at challenges, and make a successful change. Her audio series The Neuroscience of Change (Sounds True 2012) weaves the newest findings of science with Eastern contemplative wisdom to give listeners a revolutionary process for personal transformation. She is also the author of Yoga for Pain Relief: Simple Practices to Calm Your Mind and Heal Your Pain (New Harbinger, 2009), which translates recent advances in neuroscience and medicine into mind-body strategies for relieving chronic pain, stress, depression, and anxiety.

She teaches for a wide range of programs at Stanford University, including the Stanford Center for Compassion and Altruism Research and Education, the Graduate School of Business, and the School of Medicine’s Health Improvement Program. She has received a number of teaching awards for her undergraduate psychology courses, including Stanford University’s highest teaching honor, the Walter J. Gores award. Her popular public courses through Stanford’s Continuing Studies program—including the Science of Willpower and the Science of Compassion—demonstrate the applications of psychological science to personal health and happiness, as well as organizational success and social change. Through a wide range of conferences, workshops, university-affiliated programs, and consulting, Dr. McGonigal also provides continuing education and training to executives, teachers, healthcare providers, and other professionals.

Her psychology research (on compassion, mindfulness, and emotion regulation) has been published in The Journal of Personality and Social Psychology, Motivation and Emotion, The International Journal of Psychiatry in Medicine, and The Journal of Happiness Studies. From 2005-2012, Dr. McGonigal served as the Editor in Chief of the International Journal of Yoga Therapy, a peer-reviewed journal of mind-body research, healthcare policy, and clinical practice. A long-time practitioner of yoga and meditation, Dr. McGonigal is a founding member of the Yoga Service Council and serves on the advisory boards of several non-profit organizations bringing yoga and meditation to underserved and at-risk populations, including Yoga Bear (providing yoga in hospitals nationwide and to cancer survivors and their caregivers) and The Art of Yoga Project (bringing yoga into juvenile detention facilities in the San Francisco Bay Area).

Dr. McGonigal’s work has been covered widely by the media, including the CBS Evening News, U.S. News and World Report, CNN.com, O! The Oprah Magazine, Time magazine, USA Today, and the American Psychological Association’s Monitor on Psychology. She is also a frequent source of expert advice and commentary for media outlets such as the New York Times, the Washington Post, the Los Angeles Times, MSNBC.com, Web MD, Time, Fitness, Women’s Health, and more. In 2010, Forbes named her one of the 20 most inspiring women to follow on Twitter. In 2012, she teamed up with the Oprah Winfrey Network and Superbetter Labs to create an online game that would spread the benefits of gratitude to millions of people worldwide.

Dr. McGonigal received her Ph.D. in psychology from Stanford University, with a concentration in humanistic medicine. She received a B.A. in Psychology and a B.S. in Mass Communication from Boston University.

She is also passionate about the benefits of physical exercise and has been certified as a group fitness instructor since 2000. In her free time, she continues to teach group fitness classes – because sometimes moving, breathing, and sweating is the best thing you can do to create health, joy, and resilience.

Wise Quotes

On the Psychological Benefits of Exercise

“So a lot of the stuff that’s happening inside of you that causes suffering, it basically recedes. And things that make us feel good – whether it’s hope, whether it’s confidence, whether it’s feeling connected to others, all the stuff going on in our brains that give us a sense of pleasure or joy –  that becomes enhanced. And people describe that – sometimes even to a degree of feeling euphoric – when they exercise. And sometimes it’s more subtle where you start out your workout feeling stressed out, maybe feeling a little isolated, and at that 20-minute mark, Man, your body feels like you’re in the zone. With whatever movement you’re doing, it physically feels better and you just suddenly feel so much more optimistic about your capability to handle what’s going on in your life. You feel more connected to the people in your life. Everything just seems better. That’s the main psychological effect.”

On the Exercise High and The Joy of Movement

“We even now know what’s going on in the brain that’s probably causing that. And that is the effort that you are engaged in basically convinces your brain to release brain chemicals like endocannabinoids and endorphins and dopamine that make you feel good. And also that sort of nudges you in the direction of being a braver version of yourself, more willing to persist and do difficult things in order to reach meaningful goals – and also a more social version of yourself. So, particularly endocannabinoids and endorphins – they’re social bonding brain chemicals. And when their levels are higher in your brain, you find it easier to reach out to others. You find it more pleasurable to spend time with others. Other people’s jokes are funnier. It feels better to get a high five or a hug. It feels like you get more of a warm glow if you cooperate with other people. And so this is part of what an exercise high does to you.”

On the Social Benefits of Exercise 

“One of the things I’m fascinated by is that there’s almost no wrong way to move in order to get the psychological benefits. And yet when I talk to people about movement, I just kept hearing over and over how important the social relationships were that they were forming in communities of movement, even among people who are doing what seemed like solo activities, like running, for example. So maybe it’s your local gym where you join a walking group or a recreational sports club where you go to a dance class. In these places there’s something about moving together with other people that creates a type of bond and friendship that’s hard to find in other places.”

“And we know part of this is again, neurobiology and we know that when you move with other people, that shared endorphin rush that you get, it makes you enjoy the workout more for many people, but also that shared endorphin rush is one of the main ways that people bond.”

On Where to Start 

“Well, first, I would say you have to move away from the motivations that a lot of other people try to force on us. Like the idea that you have to find a form of exercise that will burn the most calories or be the most efficient for warding off heart disease. Not that any of that stuff isn’t good for you, but you have a very different experience of movement and you’ll be more likely to stay with it. Start from a place of asking yourself, what would bring me joy or what would be meaningful? And so you can pair movement with other things that already bring you joy. And we know that movement will enhance the joy you get from them. So if you love your dog, go for a walk with your dog or play with your dog in the park or the backyard.”

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For More on Kelly McGonigal, PhD:

Read The Joy of Movement: How Exercise Helps Us Find Happiness, Hope, Connection, and Courage

Her Website

Ted Talk

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Related Podcast Episodes

The Mind-Body Connection and The Rabbit Effect – Kelli Harding, M.D.,MPH

Tiny Habits Can Lead to Big Changes – BJ Fogg, PhD

How Can You Be Better with Age? – Alan Castel, PhD

Design Your Life and Get Unstuck – Dave Evans

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About Retirement Wisdom

We help people who are retiring from their primary career and are not done yet, discover what’s next.

A long retirement is a terrible thing to waste. And a meaningful retirement doesn’t just happen by accident.

Schedule a call today to discuss how we can help you make yours great.

As people work longer, making a career switch is becoming more common. Planning a career change after 50+ takes a savvy approach that’s in tune with what’s needed in the marketplace today. And a second career can offer an opportunity to apply your skillset in different ways and pursue greater meaning and purpose. But a mid-life career shift takes a smart strategy and a targeted plan to fully leverage your skills and your network.

Is It Time for a Career Switch?

In this episode, we talk with Dr. Dawn Graham, who’s written Switchers, a go-to book on making a career change. We talk with Dawn about:

  • Her personal experience with making a career shift
  • What skills are critical in making a smart career change
  • What types of career transitions are the easiest – and which are the most difficult
  • How people can best prepare to change careers later in life
  • What people really need to know about networking
  • Advice for people re-entering the workforce or unretiring
  • How people can navigate the realities of ageism in making a career change after 50
  • The best place to start when planning a career switch

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Bio

Dr. Dawn Graham is one of the country’s leading career coaches, with two decades of corporate experience in recruiting, executive coaching, talent management, leadership assessment, teaching, and business transformation. As Career Director for The Wharton School’s Executive MBA program, Dawn works with a population of hard-driving business executives, most of whom are changing careers at the prime of their professional lives while vying for some of the world’s most competitive jobs. Dawn is also the of host Sirius XM Radio’s popular weekly call- in talk show “Dr. Dawn on Careers” offering advice on career transitions to a diverse population of North America.

A contributing writer for Forbes.com, Dawn’s first book “Switchers: How Smart Professionals Change Careers and Seize Success” was a #1 new release and shares a practical roadmap with fresh strategies based on her background as a recruiter and psychologist for how job seekers can get into the mind of the hirer and successfully land a career switch. A licensed psychologist, Dawn holds a doctorate in counseling psychology from the University of Denver, a master’s degree in applied behavioral science from the Johns Hopkins University, and a bachelors’ degree in psychology from Seton Hall University. She is on the Board of Directors for the MBA Career Services for Working Professionals, an alliance of the top 30 global MBA programs. She also has an appointment with the Wharton Management Department.

Dawn joins us today from Philadelphia.

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Wise Quotes

On The Power of Your Transferable Skills

“People are making more switches today for a variety of reasons…a lot of times we get on a path early in our career that turns out to not be as interesting as we thought or maybe it doesn’t align with our values as we move forward with other parts of our life. I think the people who are successful in making switches recognize the power of transferable skills. Certainly, it’s important to have some technical capabilities. But what we’re seeing now, especially as the market is changing so rapidly, is that there’s a lot of hybrid careers. Meaning they want technical skills, but they also want what has been for a long time called ‘soft skills’. And I would venture to say that they’re not soft at all, that they’re pretty key.”

 

On Planning a Career Shift

“Our identity gets really wrapped up in a career, especially if you’ve done it for several years or even several decades. It’s hard to look at yourself differently. But once you start to strip away the acronyms and some of the language, you’ll realize that a lot of what you’ve done is very transferable to a new market. And the other thing I would say is you probably should be doing this anyway because chances are, whatever industry or profession you’re in today, it’s going to morph very, very quickly. So you’re going to need to know how you can take those skills and transfer it to somewhere else.”

 

On Asking the Better Question

“I think you have to first understand what the reasoning is and then if you do decide, yes I still want to switch careers, then your next step is figuring out what is it I want to do. And I like the question: What problem do I want to solve? And the reason I like What problem do I want to solve? versus What do I want to do? or  What do I want to be? is because it really does remove a lot of the things that cloud our judgment. For example, if I say What do I want to be? or What do I want to do? all of a sudden we’re thinking titles, levels, salary and company names. And I think if you’re trying to figure out what your next step is, that stuff can get in the way of coming to a real answer.”

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For More on Dr. Dawn Graham

Read Switchers: How Smart Professionals Change Careers and Seize Success

Website

Ted Talk

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Related Podcast Episodes You May Like

How to Build a Non-Profit Encore Career – Betsy Werley

Why People Make a Career Change with Purpose Top of Mind – Chris Farrell

Will You Be an Entrepreneur in Your Second Act Career? – Dorie Clark

What’s Next for You? – Jeff Tidwell

If You Plan on Working Longer, How Do You Best Prepare? – Kerry Hannon

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RW on IG

Follow The Retirement Wisdom Podcast on Instagram

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About Retirement Wisdom

We help people who are retiring from their primary career – and aren’t done yet – discover what’s next.

A long retirement is a terrible thing to waste. And a meaningful retirement doesn’t just happen by accident.

Schedule a call today to discuss how we can help you make yours great.

Is there a playbook on how to retire early?  You may find yourself dreaming of early retirement now after reading stories of the FIRE movement (Financial Independence and Retire Early). But maybe you’re wondering what it would really be like to retire early and walk away? And perhaps you’ve fantasized about what life would be like without a blaring alarm clock five days a week.

 

An Early Retirement Story In Progress

Our guest is Leif Dahleen, who at 43, did just that in August. We talk with Leif about his story and:

  • What the FIRE Movement is about
  • What early retirement life is really like
  • Why he wanted to retire early
  • What his decision-making process was like
  • How he test drove his retirement
  • What’s surprised him so far
  • What he misses about work
  • Why he started his blog Physician on FIRE

 

Bio

Leif Dahleen is a former anesthesiologist, who retired from medicine at the age of 43, having achieved financial independence several years earlier. He started his blog Physician on FIRE in January 2016 to enlighten, educate, and entertain other high-income professionals while discussing money matters of all sorts. Leif achieved both his Bachelors and Medical Degree from the University of Minnesota. Leif is happily married with two children. They call northern Michigan their home base and spend much of the year traveling. Leif joins us today from Spain.

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Wise Quote

 

On How To Achieve Financial Independence and Retire Early

“The thing is to Mind the Gap,  as they say by the subway in London. You need to grow the gap between your income and your spending. There are obviously two ways to do that, more income or less spending – and either one will work. If you do both, that’ll work even better. But what will matter by far the most, especially over the short term and now over the long term (meaning decades, multiple decades) are your investment returns – and fees and expenses –  all of that matters quite a bit.

But over the short term, meaning months to a number of years, it’s how much you save and how much you put aside for retirement that’s going to matter the most. So I tell my readers ( and again I mostly speak to a high-income audience who already has the earning side pretty well figured out ) to try to live on half their take home. If they can basically live their lives on half of what they’re bringing home and use the rest to either pay off debt and or invest, then they can become financially independent from being flat broke to being Financially Independent, in 15 to 20 years  – more or less –  depending on market returns.”

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Follow Leif Dahleen’s blog Physician on FIRE

Follow Leif Dahleen on Twitter  

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Related Podcast Conversations on Retiring Early

Stephen Chen

Chris Farrell

Ted Carr

Chris Mamula

Fritz Gilbert

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About Retirement Wisdom

RW on IG

The Retirement Wisdom Podcast is now on Instagram

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