In this episode of the “The Runway Decade Podcast”, hosts Bill Bush and Pete Bush, advisors at Horizon Financial Group, talk with guest Joanie Montelaro, a REMAX Professional and recipient of the Rising Star of the Year award. They discuss Joanie’s professional journey into the real estate profession, her in 50s, and her retirement plans.
Episode Highlights
- 02:35 – Joanie says that she ultimately ended up in banking as a career and loved it, did it for years, and worked her way up.
- 04:40 – Joanie mentions that God has blessed her with good mentors in her path, even in her banking career.
- 07:05 – Bill and Pete discuss with Joanie about life in her 50s.
- 09:05 - Joanie wants to be around and be able to bend over and sit up with her grandkids one day.
- 11:10 - There's a lot to consider if you are planning to buy a second home; it comes down to doing the math and asking yourself some hard questions.
- 13:50 - If you're going to be a grandparent, surely you want a space for the grandkids.
- 15:50 - People realize that they have to spend so much time at home due to work from home, so they need more space.
- 18:20 - If you have your freedom of purpose, you're doing all the stuff that is important to you, and yet you can still have fun at work, that’s even better.
- 20:00 – Joanie says that she’s never been to Wyoming and she loves horses. So would like to go to such places.
- 23:22 - If you're thinking of upsizing or downsizing, give Joanie a call, as with retirement, the sooner you get in touch with a professional and start planning, that’s better.
Three Key Points
- Joanie had clients coming in from out of town; they couldn't travel because of the pandemic so, she would go preview houses for them, she would get on video, and go through houses, neighborhood, and walk them through. She would give them the lay of the land without them physically being in here.
- For people who are in their 60s, Joanie asks them, how much square footage are they comfortable living with? If they think they want to downsize? What are their objectives? Is it less overhead or is it less maintenance? So there are a lot of things to take into account.
- You don't have to quit working to gain four freedoms (freedom of time, freedom of money, freedom of relationships, and freedom of purpose), and entrepreneurs, especially, can nail a lot of that and still productively earn an income.
Tweetable Quotes
- “Joanie probably didn't know this, but she's on what we call the runway decade.” – Bill Bush
- “I've tried retirement and volunteer work for a couple of years, and that just didn't suit me.” - Joanie Montelaro
- “I think there's a drive that's within each of us that we have to tap into.” - Joanie Montelaro
- “Is there any way that you're the same that you were in your 30s 40s?” – Pete Bush
- “But you got to figure out does that work for you and your family and your budget?” - Joanie Montelaro
- “Because if you're on top of each other the whole time you determine real quick, I need more square footage.” - Joanie Montelaro
- “I'm not ready to retire, nor am I ready to sit home, I'd like to travel more.”- Joanie Montelaro
- “I don't consider myself well-traveled and not necessarily abroad, but just within the United States even but just to travel more.” - Joanie Montelaro
- “So this is rapid fire questions coming your way.” – Bill Bush
Resources Mentioned
