Welcome to a new week here on the One Minute Retirement Tip Podcast. I’m your host Ashley Micciche, co-owner of True North Retirement Advisors, an independent financial advisory practice managing $325 million in client assets. I’m a Chartered Retirement Planning Counselor, a frequent speaker, radio and podcast guest, and I love talking to anyone who will listen about making a plan for the retirement you envision. 

The theme this week on the One Minute Retirement Tip podcast is: Are You a Money Hoarder?

You may think you don’t hoard money, but if you are a super-saver, you may have some money hoarding tendencies. 

So this week, I’ll talk about 

• My own money hoarding tendencies and how the deferring of enjoyment everything by not spending money can lead to regret later on in life
• The difference between saving and hoarding money and how you can tell when you’ve crossed the line into hoarding
• The massive hoarding of cash that’s been driven by the pandemic and why that’s a problem
• Reasons why we hoard money and how to tell if you have money hoarding tendencies
• And lastly, I’ll talk about the fix for money hoarding tendencies. 

When I talk about money hoarding this week, I want to be clear that I’m talking about it from the perspective of tendencies towards hoarding, not from the perspective of someone who needs medical treatment for compulsive hoarding, which is far beyond the scope of what I will be discussing this week. 

I hope what I have to share with you this week will help you make smart and thoughtful decisions with your retirement. And while I am careful to not lead you astray, personal finance is not an exact science. There is no one-size-fits-all solution for everyone, so I encourage you to disregard anything I say that may not be helpful for you, and to consult your own financial, tax, and legal advisors regarding your own individual situation. 

That’s it for today. Come on back tomorrow, where I have a confession to make about my own money hoarding tendencies. 

Thanks for listening! My name is Ashley Micciche...and this is the One Minute Retirement Tip. 

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance