Summary
Jonathan Clements is the founder and editor of Humble Dollar and brilliant free blog site that is dedicated to providing articles, guides and resources from some of the greatest thinkers in the world of finance. The goal of Humble Dollar is to tell you everything you need to know about money – all in one place without the hype and hollow promises that characterises so much financial writing.
Jonathan was born and educated in England before moving to the states and prior to semi-retiring and launching humble dollar in 2014, Jonathan spent almost 20 years as The Wall Street Journal’s personal finance columnist and six years at Citi group where he was director of financial education for the banks US wealth management arm. He is also the author of 9 personal finance books.
In this episode, Jonathan and I discusses the challenges and risks in retirement, both from a financial and human standpoint. He focuses on the need to have sense of purpose and identity in retirement, which he believes can be overcome by continuing to work in some fashion. Jonathan also explores the concept of embracing a second childhood, allowing for childlike curiosity and exploration. He emphasises the importance of experimenting in early retirement to discover what truly makes one happy. Jonathan also discusses his work with Humble Dollar and the ventures that provide him with a sense of purpose.
Takeaways
Chapters
00:00 Introduction and Background
04:05 Financial Challenges and Risks in Retirement
11:02 Investing in Retirement
21:28 The Importance of Working in Retirement
28:36 Generating Income in Retirement
38:02 The Importance of Identity and Purpose in Retirement
45:45 Avoiding Comparisons in Retirement
48:12 Embracing a Second Childhood in Retirement
48:30 Transitioning to Retirement
49:23 Experimenting in Early Retirement
50:35 Finding Fulfilment in Retirement
52:03 Humble Dollar and Jonathan's Work
53:16 Closing Remarks
Episode Links & Resources
