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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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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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Once you’ve earned the freedom to retire, what will you do next? What are your plans for retirement? How will you approach preparing to retire so that one day you’ll be happily retired? Well, Don Ezra thinks that the word retirement is obsolete. He believes it’s high time that we reframe how we think about it. In Don’s view what we used to call retirement, is today the beginning of a new second life. He calls it Life Two – life after full-time work. In fact, multiple surveys indicate that the vast majority of people want to continue to work past what used to be seen as the “normal retirement age.” For many people, the desire to work longer is not primarily financially driven. For some, it’s about purpose. When work is a calling in retirement, it’s wise to be thinking about how you’ll be creating a second career – and a second life.

Will You Be Happily Retired Someday?

Achieving the freedom to retire is not easy. Neither is creating a new second life. It takes a different level of planning and preparing to retire to do that well, both financially and emotionally. Don has written one of the best books on retirement planning: Life Two. Based on Don’s experience, the keys to sound retirement planning lie in education and introspection. And it’s not theoretical for Don. He does not refer to himself with references to his previous titles in an impressive and distinguished career. He’s simply ‘happily retired.’ He describes his experience in transitioning to this second life in retirement as planting a new tree, different from the tree he grew in his years of full-time work.

If you want to learn more about how to retire happy and make the most of your freedom to retire, you’ll want to listen to our conversation with Don Ezra.

We discuss with Don:

  • What inspired him to write Life Two
  • How Life Two differs from Life One
  • The concept of a “Life’s Abundance Portfolio”
  • Why having the freedom to retire is exciting – but why retirement can be scary – and what to do about that
  • How couples can prepare for Life Two – and stay up to date on what’s most important – as a couple and as individuals
  • Lessons learned in his personal journey
  • Advice on how to prepare for retirement & Life Two

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Bio

In Life One, Don Ezra was Co-Chairman , Global Consulting at Russell Investments. He has served on the Executive Committee of the Washington DC-based Employee Benefit Research Institute (EBRI), and as Chairman of its Research Committee. In 2004, he was awarded the EBRI’s Lillywhite Award “for extraordinary lifetime contributions to Americans’ economic security.” Don is the author of Life Two: How to Get and Enjoy What Used to Be Called Retirement, Happiness: the Best is Yet to Come and several books on pensions and the financial side of retirement.  Don joins us from Toronto.

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Wise Quotes

 On Life Two:

 “That’s when I realized that if you think of this as Life Two, Life One is our grown-up working life. So Life Two is what follows. And for most of us, it’s going to be long enough. It’s going to be healthy enough to be a life that we can enjoy. It’s not just an end to Life One, it’s a life in its own right. And so, forget the old concept of retirement. In fact, let’s retire the word. So, I think of Life Two as the best part of life. I think of Life One in fact is just being a very long prologue that finally gives way to the real show – when enjoyment and happiness and fulfillment peak.”

 

On Freedom & Stress

“It’s not until we retire or at least stop working full time that we have both the time and the money to truly enjoy all of life. And that gives us freedom. So, I think of Life Two as a full life. I think of it as a mature life rather than an immature one. I think of it is a happy life rather than a stressful one. That’s how I try to reframe retirement and, and given that I go back to the point I was making that it’s ironic – dreading retirement makes us unhappy and anxious at work and that’s because we don’t know what it’ll be like. We just know it will be a change, possibly a big change from what we’ve become very used to. And  we are just scared to think about it.”

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For more on Don Ezra:

Don Ezra’s Book –  Life Two: How to get to and enjoy what used to be called retirement on Amazon

Life Two: What we used to call ‘retirement’  Financial Times July 2019

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Related Podcast Episodes You May Like

Chris Farrell

Helen Dennis

Ted Carr

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How Prepared Are You for The Non-Financial Side Of Retirement?

Take our Free Quiz

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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.

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Behavior change is hard. Studies show that up to 45% of our behavior comes from habits. So, what if we could learn how to build habits and design the new behaviors we want? In this podcast episode, our guest is BJ Fogg, Ph.D., the founder of Stanford’s Behavior Design Lab, and the world’s leading expert in habit formation. His new book Tiny Habits: Small Changes That Change Everything is based on over two decades of groundbreaking research and lays out a simple – yet powerful – behavior change model and a broader master system. His Tiny Habits® Method helps you create a three-step recipe designed to break big aspirations into specific micro behaviors; anchor them to a reliable prompt, and wire them in through a celebration with positive emotion.

People use Tiny Habits for a wide range of situations and challenges. It’s up to you on how you choose to use it and design the recipes that are right for you. However, the book includes over 300 sample Tiny Habit Recipes across 15 common life situations and challenges to spur your thinking.

These include recipes to build habits for:

  • active older adults
  • caregivers
  • better sleep
  • reducing stress
  • cultivating brain health
  • strengthening close relationships
  • stopping habits that are getting in your way

 

We talk with BJ Fogg about his new habit book and:

  • What Behavior Design is all about – and how he become interested in it
  • How the Fogg Behavior Model works
  • Why leaning on motivation and willpower aren’t reliable paths to behavior change
  • How to build habits – and what emotion has to do with it
  • Why the Tiny Habits Method is a valuable skillset
  • Why some habits are Golden Behaviors and how to identify them and create them
  • Why the Tiny Habits Method is transformational
  • Why you’ll want to try The Super Fridge habit (among others in the Tiny Habits book)
  • How he is personally using Tiny Habits today in his life
  • His advice for people who want to create new behaviors this year

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Bio

BJ Fogg, Ph.D., is the founder and director of the Behavior Design Lab at Stanford. In addition to his research, he teaches Boot Camps in Behavior Design for industry innovators and also leads the Tiny Habits Academy helping people around the world. One of Fortune’s “10 New Gurus You Should Know.”

Each year Dr. Fogg creates a new course to teach at Stanford, with topics ranging from mobile persuasion to health habits. His students have gone on to create successful products, including Instagram, that millions of people use every day. Today, Dr. Fogg is primarily interested in how human behavior works and how to help people acquire habits that lead to health and happiness. He has personally coached over 42,000 people in his behavior change method called “Tiny Habits.”

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Wise Quotes 

On Behavior Design

“It came together for me in 2007 and this model – it’s really easy to understand, and it applies to all types of behaviors and all habits. Basically, it’s three elements. There’s motivation to do the behavior, the ability to the behavior, and a prompt. And so, with any behavior, we’ll have Motivation, Ability, and a Prompt. And this is what we discovered in research at Stanford and in industry. And if you make a small tweak to any one of those elements, you can change behavior. So, for example, if you want to stop a habit, if you can remove the motivation, boom, it will stop. If you can’t do that, can you remove the ability to make it harder to do? You can stop it – or can you remove the prompt? You can also use the model for one-time behaviors for creating habits and so on. So, it’s really pretty straightforward, I think it’s an elegant model that you can apply in a whole bunch of ways.”

 

On Emotions & Creating Habits

“The common thing that you hear is repetition – and repetition is what creates habits. But that’s not actually accurate. When you look at the studies that people cite – when they’re saying that the studies show that repetition causes habits – it shows that it correlates with habits. So, they’re mixing up correlation and causation. And so, what causes the habit to form? It’s the emotion you feel when you do that behavior or immediately after, and the specific emotion and tiny habits that I advocate and teach people to feel as the feeling of success…That emotion rewires your brain, so your brain actually changes. It’s the sheathing along the neurons that the emotions will trigger a sequence of things that actually changes your brain and wires that habit in. So really emotions are the key to habit formation… if you understand that emotions create habits, that these positive emotions create habits, then it’s like a whole different experience. And that’s what really works as you get good at feeling good about your behavior – and about yourself…It’s an uplifting thing and that ripples out to other parts of your life.”

 

On Why Change with Tiny Habits Can Be … Fun?

“When people first saw the research I was doing on this and sharing Tiny Habits, I was probably a few thousand people in, coaching people individually through email… And people would write back and say, ‘Wow, this is actually fun. I never knew this was fun. Am I crazy? This is fun.“ And I’m like, ‘No, there is something fun about it.’ Not like riding a roller coaster or watching a funny movie. Well, I’ll make a guess. And you make a guess. I think the fun comes from a sense of discovery and playfulness that the tiny habits promote. And I think that can feel like fun.”

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You’ll Want to Read This Book

Get Tiny Habits by BJ Fogg on Amazon.

It’s the best habits book available. It’s not a rehash of old research. It is groundbreaking with simple, practical, and effective tools backed by hands-on research. Build habits the right way.

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For More Information on BJ Fogg. Ph.D.

bjfogg.com

tinyhabits.com

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Create the Habits You Want 

Get your New Year off to a strong start!

Sign up for our 3-week Habits program (begins on January 7th, 2022)

Retirement Wisdom now has a Tiny Habits Certified Coach & to help you build the habits you want.

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Podcast Episodes You May Like

The Joy of Movement – Kelly McGonigal

Design Your Life and Get Unstuck – Dave Evans

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About The Retirement Wisdom Podcast

Our retirement planning podcast features conversations with authors, thought leaders, and people creating meaningful second careers and interesting lives in retirement. Our mission is to share the wisdom that helps people retire smarter. We believe that balancing financial planning with attention to how people will invest their time and energy –  especially when retiring early – is a wise move.

Thanks to our guests, our podcast was recently included on a list of 24 Inspiring Podcasts to Help You Thrive in 2020 by Thrive Global.

Subscribe to automatically get new episodes delivered to you twice a month:

Apple Podcasts  | Android | Google Podcasts | Stitcher | Spotify

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Side Note

Here’s the NBA Legend (10 championship rings…) who was kind enough to take the time to show a 16-year-old high school player how he mastered the bank shot by starting small.

 

 

 

 

Aging Well Takes Skill

Wise retirement planning transcends your 401k. The transition to retirement is one of the most significant experiences you’ll encounter in your lifetime. And it’s increasingly being recognized as a new and distinct phase of life. One that’s rich with possibilities for personal development, spiritual growth, learning, and wisdom. While people retire at different ages, what we all have in common is that we are all growing older. And it turns out that aging well takes a new skillset.

In this episode of our retirement podcast, our guest is Rabbi Laura Geller, Rabbi Emerita of Temple Emanuel in Beverly Hills, California, a founder of ChaiVillageLA and co-author of the new book, Getting Good at Getting Older. She was the third woman in the Reform Movement to become a rabbi and among the first to be selected to lead a major metropolitan synagogue.

We talk with Rabbi Geller about:

  • Why she and her late husband decided to write the new book Getting Good at Getting Older
  • If wisdom comes with age
  • How we can cultivate wisdom (and as she recommends – a heart of wisdom) in the second half of life
  • Why creating the right mindset and attitude about retirement is so important
  • Spirituality and inner life in the second half of life
  • The benefits of embracing lifelong learning and aging well
  • What people who thrive in retirement do differently from those who struggle with the transition to retirement
  • Where to begin if you want to get good at getting older

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Bio

Rabbi Laura Geller, Emerita Rabbi of Temple Emanuel of Beverly Hills, was the first woman to be selected through a national search to lead a major metropolitan synagogue as Senior Rabbi. She was twice named one of Newsweek’s 50 Most Influential Rabbis in America and was featured in the PBS documentary “Jewish Americans.” Author of numerous articles in books and journals, she was on the editorial board of The Torah: A Women’s Commentary. She is a Fellow of the Corporation of Brown University from where she graduated in 1971. Ordained by Hebrew Union College in 1976, she is the third woman in the Reform Movement to become a rabbi. She is a Rabbinic Fellow of the Hartman Institute in Jerusalem, a mentor in the Clergy Leadership Initiative, a facilitator in the Formation Project of On Being, and a member of the Board of The Jewish Women’s Archive. She is a founder of the first synagogue-based village, ChaiVillageLA, which is part of the national Village Movement. She is co-author with her late husband Richard Siegel, co-author of The Jewish Catalog(1973), of Getting Good at Getting Older.

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Wise Quotes 

On Wisdom

“It’s very important to acknowledge that it’s hard to have a lot of wisdom when you’re young. But as you say, getting older doesn’t mean that you’re necessarily wise. So, the activity of acquiring wisdom is a practice many of us prepare when we’re younger for our retirement. We need also to prepare for our spiritual work of this second stage of our life. And part of it, I think is really paying attention to what it means to be wise. What does it mean to pay attention to the opportunities that exist that this stage of our life and what are the practices that can help us do that? So, in our book, we speak about meditation, we talk about journaling, we talk about pilgrimage as opposed to travel. It’s one thing to take a trip. It’s another thing to experience that trip as a pilgrimage, a journey that will help us discover not only our roots but also what’s really important to us. It takes a focus on lifelong learning. We continue to learn and gain wisdom through the notion that when you stop learning, you start dying.”

 

On Intergenerational Relationships

“One of the things that we learned in working on our book is one of the secrets of getting good at getting older is cultivating friends across generation, younger friends, and actually older friends as well.”

 

On Meaning & Purpose in the Second Half of Life

“I think the bottom line is that when we are in midlife, we’re often sort of too busy to pay attention to the existential questions of meaning and purpose. You know, you have kids, you have older parents, you have work. You don’t really have time necessarily to really reflect on the meaning and purpose of life. But now at this stage, with the acknowledgment that there’s less time ahead than there was behind, I think people are in a position often to pay more attention to those kinds of questions. And those kinds of questions ultimately are spiritual questions. Not everybody defines spirituality in the same way. Not everybody speaks of divinity in their lives, but I think many people at this stage of their life have the spaciousness to be able to think about questions that they perhaps didn’t have the opportunity to think about before.”

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Rabbi Geller’s Book:

Buy Getting Good at Getting Older on Amazon

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Organizations Mentioned in this Podcast

Encore.org

Next Avenue


Our Brief Review of Getting Good at Getting Older as one of the best books on retirement and healthy aging.  It’s a comprehensive guide on how to age well and retire smarter.

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Related Podcast Episodes You May Like

(from Contributors to Getting Good at Getting Older)

Richard Eisenberg

Helen Dennis

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Planning for Retirement? We offer free tools:

Quiz on the non-financial side of retirement

Links to two of the best retirement planning calculators and a longevity calculator 

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About Retirement Wisdom

We help people who are retiring, but 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.

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