Wealthy After 40: Personal Finance, Financial Freedom, Debt Payoff, and Retirement Savings for Gen Xers

Send me a message! What do you want to see more of?

To have a happy and successful retirement takes more than just enough money. In this episode, I discuss three common retirement gaps that could lead to disappointment and boredom in retirement. Beyond the financial side, it’s essential to plan for your dreams, desires, goals, and hobbies. These gaps can greatly impact the quality of your retirement, and addressing them now will help shape a fulfilling and secure future.

00:00 Introduction to Retirement Planning

00:54 The Importance of a Clear Retirement Vision

02:08 Planning Activities for a Fulfilling Retirement

07:35 Understanding the Financial Impact of Retirement Goals

10:47 The Need for Adequate Cash Savings

13:28 Conclusion and Next Steps

Resources Mentioned in the Episode

The Retirement Vault

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

Will I run out of money in retirement? It’s a question many people ask in one form or another. In today’s episode, I explore why this question lingers in your mind and how you can shift your thinking to trust that you’ll be financially secure. We’ll dive into how your past financial behaviors may be fueling this fear, and more importantly, the steps you can take to break free from that mindset, empowering you to step confidently into a successful retirement.

00:27 Client Story: Facing Retirement Fears

04:11 Common Concerns: Is It Going to Be Enough?

07:25 Defining Your Retirement Vision

09:29 Connecting Vision to Finances

10:37 Client Success Story: Shifting Beliefs

11:55 Take Action: Make Retirement Possible

Resources Mentioned in the Episode:

Retirement Readiness Checklist

Free Retirement Vision Session

Financial Freedom Accelerator

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In this episode, I explore the common reasons why people hesitate to invest in themselves and share the story of a client who waited five years before taking action, highlighting the significant impact of that delay. I also dive into the concept of opportunity cost, the advantages of compound interest, and strategies for managing debt.

Additionally, I explain how financial coaching can offer clarity, create structured plans, and build the confidence needed to help you reach your financial goals.

00:00 Introduction: Why Do We Delay Getting Help?

00:29 Common Reasons for Delaying Self-Investment

01:06 The Financial Concerns of Investing in Yourself

02:07 Client Story: Overcoming Financial Delays

04:06 Understanding Opportunity Cost

08:08 The Benefits of Financial Coaching

Mentioned in Episode:

Financial Freedom Accelerator

Budget Breakthrough Call

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In this episode, I share what you can expect inside of the Make Retirement Possible membership. 

The membership offers recorded trainings, worksheets, and a monthly live Q&A session to help members effectively plan their retirement. The experience is self-led and I share how to level up that self-led experience with support from myself, as well as how much time you should expect to spend in the membership each month to get the desired results. 

00:00 Introduction to Make Retirement Possible Membership

00:47 Membership Details and Benefits

02:17 Step-by-Step Guide to Retirement Planning

02:38 Mastering Cash Flow

03:37 Defining Retirement Goals

04:31 Creating a Retirement Budget

06:25 Building a Solid Savings Plan

07:40 Managing Debt in Retirement

08:35 Understanding Social Security, Pension, and Medicare

12:13 Conclusion and Final Thoughts

Join the membership HERE

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

If you’re ready to break free from the emotional and financial patterns that have held you back, this conversation is for you. 

Angela Turpin shares powerful insights into healing money-related trauma and offers practical steps you can take today to create a healthier relationship with your finances. You’ll discover how decluttering can clear both your physical and emotional space, empowering you to invest in yourself and your future. 

Tune in to learn how to transform deep-rooted trauma into a source of strength and start building the financial freedom you deserve.

00:52 Money Healing Series

04:39 Common Misconceptions About Money Healing

07:03 Practical Steps for Money Healing

09:33 Decluttering and Its Impact on Money Healing

12:59 Angela's Transformational Coaching

17:15 Advice for Those Struggling with Trauma

21:05 Conclusion and Final Thoughts

Mentioned in the Episode:

Transformwithangela.com

Money Healing Series

Connect with Angela - Instagram or Facebook

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In today’s episode, I dive into the importance of tracking expenses and how it is a crucial step toward retirement. Tracking helps build awareness and is essential to truly understanding your spending. It’s time to embrace tracking to better understand and improve your spending habits, but don’t make it a chore either. There are several suggestions on how to approach tracking and learning to leave the check register style of tracking for good. 

00:20 The Importance of Tracking for Retirement

01:13 Ineffective Tracking Methods

02:06 Personal Stories of Effective Tracking

05:41 Tracking for Goal Setting

08:19 Practical Tracking Tips

Mentioned in Episode:

Make Retirement Membership Possible

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

Today I am exploring the idea of financial stability and specifically answering the question: What is financial stability and why is it so crucial to retirement?

Are you worried about running out of money in retirement? Not having enough savings? Are you worried about health care costs? Are you worried about being able to just support yourself and being able to get to retirement? 

I discuss what financial stability means, the significance of liquid savings, and the necessity of preparing for emergencies to protect the ability to retire when you desire. I also share personal insights and discuss the importance of building a financial safety net to avoid debt and stress in the future. 

00:18 Defining Financial Stability

01:01 Real-Life Examples and Client Stories

02:56 The Importance of Emergency Funds

06:53 Creating Financial Stability

09:33 Preparing for Retirement

12:51 Conclusion and Final Thoughts

Mentioned in the Episode

Make Retirement Possible Membership

Financial Freedom Accelerator 90-Day Coaching Program

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In this episode, I discuss common reasons why many feel unprepared for retirement. The real culprit isn’t what you think it is. Learn the psychological and practical aspects of retirement as well as the steps needed to close the gap between your current financial situation and your retirement goals. 

00:00 Why You Feel Unprepared For Retirement

01:34 Retirement Uncertainty Is More Than Just Finances

05:59 Understanding Your Current Financial Situation

07:47 Building Your Retirement Dream

12:11 How To Tie Those Together For Success

13:26 Free Gift and Final Thoughts

Mentioned in Episode:

Make Retirement Possible Membership

10 Essential Questions About Retirement

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In this episode, I dive into the idea of retirement, addressing limiting beliefs and why others perceptions are holding you back. 

Personal beliefs and dreams about retirement are essential to making it happen. Key points include paying off debt, exploring part-time work, budgeting, and savings. Ultimately, the aim is to help listeners plan a fulfilling and personalized retirement.

00:00 Introduction: Can You Really Retire Early?

00:53 Challenging Retirement Beliefs

07:01 Financial Independence: Calculating Your FI Number

09:01 Budgeting for Retirement

11:44 Creating Your Retirement Vision

16:38 Steps to Close the Retirement Gap

17:49 Conclusion: Building Your Desired Retirement

Mentioned in Episode:

Make Retirement Possible Membership

Ep 51 Your Successful Retirement Can Be Found Beyond the Numbers With Craig Colvett

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault

Send me a message! What do you want to see more of?

In this episode, I interview Sherry, an ADHD money coach. Sherry shares her journey from losing her high-stress job of 17 years to becoming a specialized coach for ADHD entrepreneurs. 

She discusses her 'two by four moment,' the importance of budgeting, the challenges of managing finances with ADHD, and strategies to mitigate impulse spending. 

The conversation also covers the impact of ADHD on financial management, support systems, and the benefits of targeted savings accounts.

00:00 Introduction to Sherry, the ADHD Money Coach

00:32 Sherry's Two by Four Moment: The Turning Point

01:40 Navigating Financial Challenges After Job Loss

04:53 Focusing on ADHD Entrepreneurs

06:36 Common Financial Struggles for ADHD Individuals

08:37 Strategies to Manage Impulse Spending

11:21 Building a Budget for ADHD Minds

14:01 Supporting Loved Ones with ADHD in Their Financial Journey

17:36 Final Tips and Advice for ADHD Entrepreneurs

Connect with Sherry:

Instagram @moneymindsetfc

*Be sure to send her all your questions!!

💜 Retirement Vision Session

👩‍💻 Weekly Podcast Alerts

🎧 The Retirement Vault