Ep #4: Is Playing the Blame Game Holding You Back Financially?
Have you ever had any type of financial trouble and immediately look to place the blame on external factors? Many times there are situations that make retirement planning difficult, but making excuses rather than looking for solutions will slow down your growth and limit your potential. We’ll share some of the common ‘blame game’ examples we hear and provide you with guidance to get past them.
The Reality of the Matter:
Life is never easy and neither is financial planning. We are faced with life events and unplanned circumstances, but it’s important to avoid making the common mistake of playing the ‘blame game’ when it comes to their retirement.
Rather than making adjustments and looking forward, people will get trapped in this mindset that their finances aren’t where they want them to be because of an outside force. That might be true to a point, but hanging onto those excuses aren’t going to improve your retirement plan.
Today on the Retirement Reality Podcast, Mike Kojonen will highlight four of the most common excuses that we hear and what you can do about the situation to improve things. There’s a good chance one of these has impacted your life: divorce, a bad broker, Wall Street, and taking care of adult children. If it has, this episode should serve you well.
We’ll also get to know Mike a little better by finding out more about his hobbies.
We’ve laid out the main topics below to make your listening experience more organized. Feel free to click the timestamps to jump around to a specific topic in the episode.
Just The Facts:
0:54 – Introducing the topic for today’s show.
1:15 – Getting to Know Mike: What hobby would you pick up if time and money weren’t an issue?
3:30 – Blame game excuse 1 : My divorce has really messed me up financially.
5:04 – How difficult is to get back on track financially after a divorce?
5:48 – Blame game excuse 2: My old broker did me wrong?
7:12 – Blame game excuse 3: The system is rigged in that Wall Street always wins but not the little guy.
9:37 – Blame game excuse 4: My kids have had trouble finding good jobs since leaving school so I’ve been helping them out for years.
11:17 – Is Mike seeing clients that are dealing with kids living with them longer and relying them for long periods of time.
13:34 – Another common issue Mike sees from clients.