The Stacking Benjamins Show

The 5 Emotional Stages AFTER Financial Independence - with Douglas Tsoi (SB1535)


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Do you think, "I've made it once I reach financial independence?" Douglas Tsoi has been "retired" for over ten years and will tell you, "Not even close."

For all of us, a new journey begins once we reach financial independence. What does this look like? How can we prepare? Today, Douglas sits down with Joe Saul-Sehy to dive into the five stages we all experience after reaching what many think of as the finish line.

In short, we'll discuss:

  • The fallacy of "I'm done"
  • The reason why people are afraid to retire, even though they may say otherwise
  • The darkness phase of "is this all there is?" and how to fight it
  • The joy of finally realizing that, after the emotional journey, you can flip into a new, gratifying state.

  • In our headline, we'll share a story about two executives in court because their investment scheme was "built on lies." This company promised eight percent returns without volatility. What's wrong with that? We'll walk through:

    • How companies make money and why volatility is always EXPECTED with an eight percent return.
    • Historical returns for asset classes, including the much-maligned international and emerging markets asset classes. Will they ever outperform again?
    • We'll share several ways people try to even out returns to ATTEMPT, including what these alleged scammers said they could do (and couldn't).

    • But that's not all. Of course, we'll also share Doug's amazing Formula One trivia question and much, much more.

      FULL SHOWNOTES: https://www.stackingbenjamins.com/emotional-stages-after-financial-independence-douglas-tsoi

      Deeper dives with curated links, topics, and discussions are in our newsletter, The 201, available at https://www.StackingBenjamins.com/201

      Enjoy!

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      The Stacking Benjamins ShowBy StackingBenjamins.com | Cumulus Podcast Network

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