Preparing for a Happy Retirement as a Caregiver with Richard Eisenberg

06/01/21 • 28 min

As we approach midlife, a lot of us may find ourselves taking care of our aging parents, children, or both. How do we not go broke taking care of other people in our lives? Even people who spend a lot of time on financial planning tend to overlook their own needs in the long term for assistance with finances (paying bills, organizing things, etc) and healthcare (rides to appointments, caregiving, etc). Why is that? Richard Eisenberg shares a little bit about his personal experience as a caregiver and shares some best practices to providing care while also protecting our financial future and becoming a happy retiree.

Richard Eisenberg is an author and Managing Editor for Next Avenue - a PBS site. You can find Richard on Twitter at https://twitter.com/richeis315.

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Richard Eisenberg is an author and Managing Editor for Next Avenue - a PBS site. You can find Richard on Twitter at https://twitter.com/richeis315.

Learn more about your ad choices. Visit megaphone.fm/adchoices

Previous Episode

How to Win the Emotional Battle of Long-Term Investing - The Dry Powder Principle

Humans are naturally reactive, it’s a survival technique but those who are able to look beyond the market storms are the investors that are typically rewarded.

Today I’m going to share with you one of the most powerful and helpful investment tools, in my opinion, to use when investing gets tough - The Dry Powder Principle. We’ll take a look at the history of how often and severe markets fall, the recovery time for all bear markets from 1928 and how The Dry Powder Principle can be helpful when preparing for retirement. Understanding market cycles can help us gain a sense of patience, look beyond the danger and stay invested over time - which is key to becoming a happy retiree.

More on The Dry Powder Principle: https://www.wesmoss.com/news/how-to-own-your-expenses-and-plan-ahead-for-market-storms/

The 15/50 Stock Rule: https://www.wesmoss.com/news/why-investors-should-consider-using-the-15-50-stock-rule/

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Next Episode

The Path to Becoming a Millionaire Next Door

When The Millionaire Next Door book by Thomas Stanley was first released, I was an intern at my first investment job. Now, in its 23-year history, it has had a major impact on how people understand what it means to be wealthy in the United States.

In this episode, we’ll discuss the habits Thomas Stanley wrote about in 1996, of the people who have created not just high income, but wealth. We’ll talk about the ways you can implement the traits of the Millionaire Next Door, debunk the lies that you need to be hedonistically rich to retire successfully, share some millionaire statistics and the ways in which the Millionaire Next Door is related to the happy retiree.

The Millionaire Next Door by Thomas Stanley: https://www.themillionairenextdoor.com/

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