The Mind Money Spectrum Podcast

#19. Life doesn't need to begin at retirement. Here's why.

April 21, 2020 Aaron Agte and Trishul Patel Season 1 Episode 19
The Mind Money Spectrum Podcast
#19. Life doesn't need to begin at retirement. Here's why.
Chapters
The Mind Money Spectrum Podcast
#19. Life doesn't need to begin at retirement. Here's why.
Apr 21, 2020 Season 1 Episode 19
Aaron Agte and Trishul Patel

Studies show you will be better off by delaying gratification. But if you continually delay gratification without ever consuming, will you ever be happy? How do you find the balance between happiness and meaning? And when does it make sense to start spending your hard-earned savings? And do you need to wait until "retirement" to use your money for your happiness? Not necessarily. Make sure you are saving enough for the future first, THEN figure out how to enjoy your life along the way. The key is finding comfort in making sound decisions today that will benefit you in the future, even if you can't predict the future.

Episode References

Stanford Marshmallow Experiment
Some Key Differences Between a Happy Life and Meaningful Life
Meanings of Life by Baumeister
Surviving and Thriving: Fundamental Social Motives Provide Purpose in Life
Reality Versus Expectations
Happiness Equals Reality Minus Expectations
Why Life Planning Is Simply Financial Planning Done Right With George Kinder
Buy Things Off-Season To Save Money
The Relationship Between Stress and Shopping

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.

Show Notes

Studies show you will be better off by delaying gratification. But if you continually delay gratification without ever consuming, will you ever be happy? How do you find the balance between happiness and meaning? And when does it make sense to start spending your hard-earned savings? And do you need to wait until "retirement" to use your money for your happiness? Not necessarily. Make sure you are saving enough for the future first, THEN figure out how to enjoy your life along the way. The key is finding comfort in making sound decisions today that will benefit you in the future, even if you can't predict the future.

Episode References

Stanford Marshmallow Experiment
Some Key Differences Between a Happy Life and Meaningful Life
Meanings of Life by Baumeister
Surviving and Thriving: Fundamental Social Motives Provide Purpose in Life
Reality Versus Expectations
Happiness Equals Reality Minus Expectations
Why Life Planning Is Simply Financial Planning Done Right With George Kinder
Buy Things Off-Season To Save Money
The Relationship Between Stress and Shopping

Podcast Description

Welcome to The Mind Money Spectrum Podcast where your hosts Aaron Agte and Trishul Patel go beyond traditional finance questions to help you explore how to use your money to achieve the freedom you want in life. Aaron is a Financial Planner from the Bay Area, and Trishul is a Wealth Manager on the East Coast. For more information about Aaron, check out GraystoneAdvisor.com. And for more information on Trishul check out InvestingForever.com. We thank you all for listening, and stay tuned for our latest episode on our website, MindMoneySpectrum.com.