Michael Morrow Financial Expert and International Speaker
In this episode, Roxanne Derhodge engages in a thought-provoking conversation with Michael Morrow about the importance of financial planning and retirement. They discuss the challenges faced by younger generations, the financial implications of supporting adult children, the benefits of early saving, and hybrid retirement. They also talk about Morrow's book "Don't worry, retire happy".
Key Points
- Michael Morrow emphasizes the importance of having a financial plan and understanding the time frame for saving and retirement, highlighting that people often underestimate the amount of money they need to save and the time they have to save it.
- Morrow advises that making small, consistent, and incremental changes in spending and saving can have a significant impact on long-term financial health, rather than relying on large, immediate changes.
- Exploring a "hybrid retirement" where one gradually transitions from full-time work to part-time or consultative work can provide a more balanced approach to retirement, allowing for adjustments in lifestyle and finances over time.
This week on Authentic Living with Roxanne, we are joined by Mike Morrow who is a Certified Financial Planner, MDRT Member, International Speaker and Author of three books best-selling books: The Loyalty Edge,The Picture Sells the Story™and released March 2016, The Little Book of Woww!™, co-authored with Michelle Hoskin.
In this age of technology, life is getting more complicated, we have a much longer life expectancy the even just a couple of generations ago and debt is becoming a bigger burden than ever. Listen in while Roxanne and Mike discuss the necessary tips to live well now and still save for retirement.
Mike has been helping families and business owners in Northwestern Ontario for 25 years. He is internationally recognized as a leader among Financial Advisors, having spoken to over 40,000 advisors in 12 countries about client and prospect engagement, client appreciation and financial services marketing.
Authentic Touch Points
The issues people struggle with financially. 8:45 The “mind blocks” around money. 15:30 How & when to start saving for retirement. 25:50 Rome wasn’t built in a day. 31:20 Get $100,000 under your belt ASAP. 38:00 Why even bother? 44:50 A hybrid retirement. 50:25
Links:
http://morrowfinancial.ca
http://www.ideasforadvisors.com
https://www.mdrt.org
http://ideasforadvisors.com/article/about-michael-morrow-cfp-5.html
Roxanne’s LinkedIn profile:https://www.linkedin.com/in/roxannederhodge/
Roxanne’s email: [email protected]
Chat with Roxanne: https://roxannederhodge.com/chat/
Roxanne’s previous podcasts: https://roxannederhodge.com/blog/
Chapters
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| 6:44 | |
| 12:13 | |
| 20:33 | |
| 25:12 | |
| 34:27 | |
| 38:12 | |
| 45:56 | |
| 50:26 | |
| 56:05 |
Transcript
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