Three lies you might be believing about retirement

ABOUT THIS EPISODE

Are you lying to yourself? There are many lies we tell ourselves when we are young and when we are old. Financial expert and author John Browning talks about the three lies you might be believing that can impact your present life and your future.  

Welcome to the build your life podcastwith John Browning. Build your life as a relaxed and unedited conversation with financialexpert and number one Amazon bestselling author, John Browning Jones, the founder ofGuardian Rock Wealth and serves clients across the United States. John's the author ofthe book build a life, not a portfolio, a guide to your financialfuture based on your personal values, which you can purchase on Amazon, orstay around to the end of today's show and I'll tell you how to geta free copy mailed right to your door. I'm Michael The lawn, your hostfor the next few minutes as we chat with financial expert and business ownerJohn Browning. John Browning, we are back for another episode of Your podcast. How are you today? I am super I'm glad. I love that. That's a short word. This is going to be a short podcast.We're going to get right into it because you're going to tell us today,John, about three lies that you might...

...be leaving about retirement. So you'vegot my attention right now. Three lies. Talk to me, all right,don't tell me he's because you're going to retire soon, because I've gottwenty more years going. I think. Okay, good, good, good, good. So do I I got at least twenty hunt for twenty five, but will speak. I like what I do, though. If youdon't, it's just no funny one to retire earlier. But I get bothsides of that. But lies we tell ourselves, right, so why's wetell ourselves when we're young and lies that we tell ourselves when we're older andgetting ready for retirement? Those are kind of two different things. When we'reyoung, we tend to say, and trust me, I've heard these thingsmyself from real people, so I know they are real things. And numberone is, I have plenty of time. I can't afford it right now.I just you know, things are too tight. Can't afford it.You don't have you can't find twenty bucks,...

Twenty Bucks a week or twenty buckspaycheck. Are you sure? Yeah, you know. I mean again,it's those incremental steps and suddenly look back and you have a whole yougot a whole staircase. Right. That takes time. So starting early makesa lot of sense. And the other thing that I hear all the time, and this comes straight from younger people, is I'm counting on so security ormy fore k. well, there you go. That's terrible. Well, yeah, it's so security going to be there and, you know,in some former fashion, probably will be. Maybe we'll see. You know,got a lot of water to pass on the bridge of you're young.Your One K. Yeah, you know, most, for one case, aregood. They're not great. So thinking outside the box, they're issuper important about. I'M gonna say most...

...younger people don't think outside of that. Right. So now the another one is it would be cheaper to liveduring retirement, and that comes from middle aged to older folks. Yeah,no more commuty. I don't know. You know, I'M NOT gonna goout to eat for lunch or what are they just come up with all sortsof reasons why I would be cheaper and it's just wrong. Yeah, Ihaven't met a retire yet that their expenses went down in retirement. Yeah,you have more time for leisure. You were likely going to spend some moneyon, you know, a fishing rod or, you know, a tripor whatever, fast boat or you're right. Yeah, that's a big one.Right. And and the other thing people forget about in retirement is notlike your taxes go away. I that spents are working for you. Youmight have some taxes long way, how you manage them and how well youplanned in your early years makes a big difference, and big one here healthcare. Well, Medicare just takes care of...

...everything. Maybe. No, yeah, doesn't. It covers me, it might cover about half, and oryour employer was probably covering half or more than half of your health care.And unfortunately, as we get older, we tend to have a more healthcarecosts. Just maintain that this this whole body. And Trust me, I'mstarting to get older and I have aches and pains I didn't have when Iwas twenty, thirty. That's right, I'm with you, I'm with you. Yeah, so it's it's different costs, but the amount is the same,war actually higher, and it all depends again on how you play andthe consistency with with you, with which you executed on that plane. AndI'm going to give you just I'm gonna give you a bonus one. Okay, bonus one number four is that you should rely more heavily on bonds inyour investment portfolio as you get older.

HMM, and we talked about thisa little bit on a previous episode. But as when retirements were shorter,longevity not, not as good as what it is now, and thank godesfor that. Right. And maybe when rates were higher that may have beenthe case. But right now bonds are not providing the first of all,the negative correlation to your equity portfolio. So they're not providing that buffer thatthey wants did, and they certainly aren't providing the income that they wants did, which is kind of what you need when you're spending that money on thebasketball right, right, or, frankly, just paying the utilities. You needincome. So that's that's the those are the actually came up with,i. e. can give you a bonus round there. That's good,I love it. I love bonus rounds. And people might have to go backand listen to this, because show notes about the lies that you're tellingyourself, because we the problem with the lies is we believe them. Wedo, and unless you get somebody like...

John That's a counselor to you,that you can call or have a conversation with on a regular basis, you'regoing to follow the crowd and run right off the cliff because you're believing thelies. And so why don't you reach out and talk to John Browning,the truth teller, and he will help mitigate some of those lies and helpyou just think more clearly through some things to go. Okay, where areyou in life? What are you trying to do? How do we helpyou build your life? Not just a portfolio, but let's put together apretty robust portfolio for you, and John can do that, because if you'velistened the last two or three episodes, you'll understand that John knows these vehiclesand different things about finances that I don't anyway, most of us don't evenknow about. But that's why you need a guy like John and in yourcourt. So, John, thanks for a fun short episode on three lies, bonus, four lies. Sounds like one of the proverbs three things.Lord Hay's no for that. It's like...

...what three lies that you might bebelieving about retirement, with a bonus lie thrown in for good measure. Thatwas fun. I like that. So thanks for those thanks for there's lives. Thanks for lying to us today, John, and for popping those liesand telling us the truth that really matters, and the truth is you need toreach out to John Browning, that Guardian Rock wealthcom I'm a great conversationand you're going to love talking to him. He's going to help put your financialhouse in order so you can build a life's not just a portfolio.John, thanks again for a great episode it's been. It's been a goodtime and we'll see you on the next episode. Looking forward to the brother. Take Care, all right, we'll see it. Money really is abig part of our lives and John Browning can help you and your family learnhow to keep money in the proper perspective. It's important, but it's only atool that can help you build the life that you want. If youlike, John Emilie a free copy of his book build a life, nota portfolio. Go to John's website,...

Guardian rockwealthcom, and click the contactto US link and send your request. John Will Mell a copy of hisbook right to your door absolutely free. Thanks for listening to building your lifepodcast with John Browning. Be Sure to subscribe to this podcast so each newepisode will be sent to you automatically when it's released. Have a terrific day,.

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