It’s Sunday, which means...It’s time for the recap and bottom line. I’m tying everything together and sharing the most important takeaway from this week’s theme: 

Are You A Money Hoarder? 

In case you missed any episodes, here’s what we covered in each episode this week: 

• I confessed my own money hoarding tendencies. If I’m being honest, I needed to tell myself the lessons of this week’s episodes and apply them to my life, just as much as you might needed to hear them yourself if you find yourself crossing the line from saving to hoarding
• Then we talked about the key difference between saving and hoarding
• Why many Americans today are guilty of hoarding with a $17 trillion cash stockpile just laying around doing nothing
• I also shared with you the real reason why you and I hoard, which is often fueled by fear and insecurity about the future
• And lastly, I talked about how to fix your money hoarding tendencies with specific actions to counteract your money hoarding compulsions. 

Here’s the bottom line: If you’re serious about saving money, it’s easy to cross the line from saving to hoarding. It’s important to be on guard about tendencies towards hoarding that you have, because you and I can never accumulate enough to make that feeling of insecurity go away, and it is only likely to get worse if we keep giving in to our hoarding tendencies. But there is hope for those of us who like to keep lots of cash on hand or save when we have gone well past the point of having enough - and that is to counteract the hoarding tendencies with a bit more guilt-free spending, regular giving, and getting clarity about whether you’re on the right path financially by doing some financial planning and retirement projections. 

Tomorrow, come on back, because we’re starting a brand new theme: Recession-Proof Your Retirement. One of the worst things that can happen in the early years of retirement is retiring during or just before a really bad recession and a big downturn in the stock market. So next week, I’ll share with you how you can insulate yourself from the inevitable recessions in retirement and what you should do if you’re unlucky enough to have a really bad one hit in the early years of retirement. There is hope, especially if you’re not caught off guard. 

Thank you so much for listening this week! Please leave a review on Amazon, Apple Podcasts or wherever you listen to podcasts. I really appreciate your feedback, and reviews also help new people discover the show.  

My name is Ashley Micciche and I hope you have a blessed Sunday.

----------

>>> Subscribe on Apple Podcasts: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Visit the podcast page: https://truenorthra.com/podcast/ 

----------

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