9 Retirement Lies They Tell You - What You Need To Know!

Are you tired of feeling stuck in your financial journey, wondering why you're not making progress towards retirement? It's time to face the fears that may be holding you back! In this video, we'll explore the 9 retirement lies/fears that could be standing between you and financial freedom. Whether you're just starting out or nearing retirement age, this video will give you the confidence and motivation you need to take control of your finances and start building the life you deserve. So, what are you waiting for? Watch now and start breaking free from the fears that are holding you back from retiring early!

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⏰ Timecodes ⏰
0:00 Fear
0:58 Lie #1
2:06 Lie #2
3:12 Lie #3
3:51 Lie #4
4:51 Lie #5
5:36 Lie #6
7:33 Lie #7
8:15 Lie #8
9:51 Lie #9
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Hi, I’m Trena, and I retired comfortably at 59 with just over $500k! I’ve got the inside scoop on how to achieve financial freedom, even on a modest income. This channel is your ultimate guide to retiring early without needing a huge nest egg. I’m thrilled you’re here!

I’m passionate about helping you retire early so you can live a life you truly love! Let’s work together to plan for financial independence, escape the 9-to-5 grind, and enjoy the freedom of early retirement. Discover valuable tips on mindful spending, practical strategies for financial independence, and my personal early retirement journey right here!

Thank you for your support!
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✋DISCLAIMERS: These are the financial planning strategies and tactics I implemented to retire comfortably at 59 with $500k. Information on this channel represents my thoughts and opinions only. All content on this channel is intended for informational and inspirational purposes only. I am not a financial advisor. Talk with your financial planner to determine what makes sense for you. Do your own research and contact a professional with any questions you may have regarding any information you have seen or heard on any YouTube channel.

[retirethisway]

What's holding you back from retiring?

[danitzm]

My last day of work is Friday. Wish me luck on my retirement.

[williecamarador]

I'm 10 months away from retirement. I've watched so many retirement videos and once again, this video confirms my stance that I don't have to wait another year. Thank you Trina.

[philipem]

I was forced to retire in 2008 when I was laid off at age 59 without a job in sight. So I decided to reduce my cost of living in order to make it through the recession. That turned into experimental retirement and eventually just plain retirement. I always lived below my means but I had lost $600, 000 in actual or anticipated retirement assets. Still I moved to one of my rental units (had lost all the equity) in Arizona and stopped paying rent in San Francisco. I lived on my unemployment checks and staged withdrawals from the remaining retirement accounts. I had to take SS at 62 but I was on the upside of that decision until this year -- and I don't NEED more money NOW.

In time I realized I could live on less than $2K per month (I did pay off my mortgage and it costs me about $700 a month for taxes, insurance, HOA utilities, and maintenance). It took some doing but now I live on my SS check and have money left over every month. I eat the best food (shop at 6 different stores, buy good food on sale, have a large freezer to maximize sales). I drive a 20 year old Toyota (it was about 8 years old when I bought it) and it runs like a top. My major expense is insurance. I took a trip to Spain this year. My investments recovered a bit and I have a nice nest egg in case of emergencies but it's going to my grandkids otherwise. I have no debt, I love my house (my hobby is fixing it up) and life is good. The lack of stress in my life is truly remarkable.

**The thing is, working longer will not add one day to your life . But retiring earlier may add years.** For sure we don't know how long we've got. And for sure **I would not give back one single day of those seven years "early" retirement for anything.**

[emerycreek]

A lot of my friends quote the "I'll be bored" excuse. One retired, got bored, and went back to work until much later. He's really healthy but has suddenly developed a problem. We are all on borrowed time. People I know who are curious, active, try new things, always learning are never bored. Those who are not that way do get bored. Your suggestions for that group were really on point, good job!

[DekeRadio]

The most boring day off I’ve ever had was still significantly better than the best day I ever had working.

[reignffire]

As a healthcare provider I rarely have a patient over age 75 traveling extensively (exceptions of course). Over 80 years old and most rarely go more than 20 miles from their home. Just my observations from thousands of conversations. Take advantage of years 60-70 for travel if you desire that lifestyle.

[gurrrrlish]

I got the gift of a lifetime... a severance package including health insurance and cash enoug 2:15 h to live my normal life for 5 years....
I liked my job but wanted my time for me.... I waited for the package & finally got it...
Walking away from a high salary would have been difficult.... so so so glad it was handed to me...
The freedom I feel is beyond words

[kellyenright]

Trina, you are a welcome breath of fresh air in the YouTube retirement space. Your common sense approach and supportive delivery are THE BEST! ❤

[BennyC-qgrd]

I think for some seniors, there is a real fear of running out of money in retirement and living in a homeless shelter. Great subject!

[edwardthomas]

Great video. I have seen many people who I worked with and waited until they were 67 or 70 and passed away within two years after retiring. Everyone of them obsessed about money. Money is nice but it can’t buy you time.

[vicgill]

The progress on this channel is amazing

[meemka]

Some of my (retirement) lies are true! 🙂 Procrastination and self-deception are part of the human nature. This excellent video provides inspiration to those of us who don't seem to be able to let go of our jobs and embrace retirement. Well done Trena!

[danecooper]

I’m not retired but have been gathering information for about a year now. #4 hit me right between the eyes. I’m still working though those thoughts. Thanks for the video.

[ChilliPepper-nb]

Great points . I am 57 in January. In 2 years I get long service leave and am taking a 1 year sabbatical. When I return I hit 60 and retire. Using the next 2 years to get work to pay for travel every 3 months. My advice is to draw a line in the sand and transition towards it. Hopefully pull a redundancy in the time 😀

[HopeToProsper]

Healthcare was the biggest psychological hurdle for me and the ACA (Covered California) was a game changer. Lowered stress and time freedom have been the biggest benefits.

[wildnfrantic]

Great video, and I certainly identify with the boredom and financial lies. Things are slightly different here in the UK and my hand has been forced so I'm retiring in March 25, age 60.
I'll have a modest final salary pension, and I'm debt free, but those two lies I've mentioned are haunting me big time

[XDetoursX]

You're right. Retirement is all about expenses. There is no magic number. Every situation is unique and is based on how much an individual spends. Even with a mortgage, I plan on retiring at 59 in a couple of years on between $4500 and $5000 a month. That will be completely funded by my 401k until 63, then social security will be paying for half of my expenses. Every Monte Carlo scenario i've run confirms this will work and I will have anywhere between $200k and $1.5million when I'm gone. Plus whatever etiquity is left in the house.

[davidcuervo]

One more point I’d like to make….Although my tentative plan is to keep going for 4 more years until I’m 59.5 years old before I decide if I want to retire or not, I may decide to either take a sabbatical or a break before then, or just simply retire.
I do enjoy what I for a living, but there are also other interests and hobbies that I want to do more of while I can still enjoy it. In about 1 year from now I may evaluate my long term goals and plans again.

I will NOT let unreasonable fears dictate my decisions. If I have to make financial adjustments when I’m passed 70, I will.

[toddmaniatoddmania]

Trina, wow, what a refreshing take on retirement! I’m a happy subscriber of your channel who loves your holistic approach to retirement! Keep up the awesome work!