Preparing for Retirement and Staying Fulfilled with Fritz Gilbert

Fritz Gilbert retired in June 2018 after more than three decades in Corporate America, where he progressed through various levels in a multinational corporation serving the global aluminum industry. His award-winning blog, The Retirement Manifesto, is focused on “Helping People Achieve a Great Retirement.”

In this episode, we are talking about retirement but not just about the numbers and financial aspects. We are talking about how to stay fulfilled in retirement, how to retire, how to get ready to retire, how to know you’re ready to retire, or maybe you shouldn’t retire at all—and being mentally prepared with your lifestyle to retire.

[00:01 – 04:36] Opening Segment

I talk briefly about great value that awaits you in this episode
Let’s welcome our guest, Fritz Gilbert
Quick plug to Fritz’s book, Keys to a Successful Retirement
Fritz gives a bit of background about himself
Fritz shares about his book

[04:37 – 08:53] Staying Fulfilled in Retirement

Fritz shares about obsessing over what retirement would be like
Frits gives powerful advice on how you can stay fulfilled in your retirement
Retirement is going to be different for everyone
It’s not something that you know what it feels like until you experience it
Experiment on things that you are interested in

[08:54 – 16:45] Preparing for Retirement

Fritz talks about how you can know you are ready to retire
If you haven’t taken the time to think about the non-financial aspect of retirement, you are not yet ready to retire
It’s an instinctual thing. You’ll know when you are ready to retire

Fritz gives us a glimpse of his preparation for his retirement
Simulating what retirement would look like over and over again

Quick Ad Break

[16:48 – 21:17] Digging Yourself Out of the Hole

Fritz talks about people retiring at an old age with very little savings
It’s never too late to start

Fritz talks about the FIRE movement (Financial Independence, Retire Early)
Find a way to increase your income without increasing your expenses

[21:18 – 28:56] Side Hustling

What keeps you motivated, and what does it feel like having a “side hustle” in your retirement?
Get to the point where you don’t need a side hustle before pulling the plug
Find a side hustle that brings you value beyond the monetary aspect

I share a story about my grandfather
Retired in his 60’s and continued living and working at his farm

Fritz talks about his 10-day retirement trial

[28:57 – 37:01] Closing Segment

Quick word from our sponsors
What is the best investment you’ve ever made other than your education?
Becoming a passionate personal finance “hobbyist.”

What is the worst investment you ever made?
Fritz shares a story of why you shouldn’t invest in individual stocks.

What is the most important lesson that you’ve learned in business and investing?
“Enjoy the moment while being responsible for the future.”
“Be intentional in striving to have balance in your life.”

Final words from Fritz and me

 

Tweetable Quotes:

“Don’t spend your whole time thinking about tomorrow. Enjoy your today but be responsible in saving for your tomorrow.” – Fritz Gilbert

“Retirement is kind of one of those big milestone changes in your life that you can’t anticipate what it’s gonna be like until you actually go through it. And I would say finding fulfillment in retirement is kind of the same thing.” – Fritz Gilbert

“Don’t get so obsessed with work. Don’t get so obsessed with saving money. Don’t get so obsessed on anything. Really seek balance, life’s a lot better that way.” – Fritz Gilbert

 

You can connect with Fritz on Facebook, Twitter, and Instagram. Visit his website https://www.theretirementmanifesto.com/

 

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.