It’s Sunday, which means...it’s recap time here on the Retirement Quick Tips Podcast

This week the theme was: The Downside of Being Wealthy

I really enjoyed talking about this topic, and I want to revisit this theme at some point in the near future, because I didn’t even touch on some of the bigger downsides of being wealthy, especially when it comes to passing along wealth to your heirs. Wealth can destroy people’s lives if not handled well, yet it’s not something that is talked about much in our culture today. 

In case you missed any episodes, here’s what we discussed this week…

• Pursuing Wealth Is A Good Way To Waste Your Life

• How Money Distorts Your Reality & Relationships

• Does Being Wealthy Lead To A Boring Life?

• The Overly Complicated Lives of Rich People

• Fixing The Problem Of Wealth

The most important takeaway from this week is having a higher net worth doesn’t necessarily lead to higher levels of contentment and happiness, and if you’re not careful and thoughtful with how you go about acquiring, investing, and spending wealth, having more has some significant downsides and it can make you miserable. 

Tomorrow, I’m starting a brand new theme: Maximizing Net After Tax Returns In Your Investment Portfolio

Few investors consider the tax implications of their investment decisions, and leave a lot of money on the table as a result. So next week, I’ll talk about specific and important ways you can maximize the net, after tax returns of your portfolio. 

Thank you so much for listening this week! If you’re enjoying the podcast, chances are someone else you know who is getting close to retirement could also benefit from checking it out, so please share the show with a friend, a neighbor, your sister, or your boss. Just go to your favorite podcasting app, hit the share icon, then text or email the show link to someone you know who is eyeing retirement. 

Thanks for sharing the love and spreading the word. I hope you have a blessed Sunday. My name is Ashley Micciche, this is the Retirement Quick Tips Podcast.

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