Ready to Start Living Your Retirement Dream Now?

By Yusuf Osman, MBA

Your life is about more than just money. When providing insight and guidance to my clients, the numbers just scratch the surface. Together we build a program that keeps pace with changes in both the markets and their life, but if I’m not also helping improve their day-to-day life, even the best-laid plans don’t matter.

So, what does it mean to improve your day-to-day life? And what does it look like? I believe that there should be a balance between working your whole life for some long-term goal, like retirement, and making sure you enjoy your everyday life and live in the now. After all, there is no guarantee as to what the future will hold and you don’t want the present moment to pass you by.

The Life By Design Plan helps clients create a balance between working toward the retirement of their dreams and living their retirement dreams now. Here are four tips to help you get started.

What Do You Want Your Life to Look Like?

Financial conversations can often be left-brain dominant. But since money impacts every area of your life, it’s critical that financial discussions also include your hopes and dreams for life. That means we need to dig into the emotional side of our thinking.

One simple way we can do this is by asking our clients specific questions about what their retirement goals look like, this includes:

• Tangible goals: What would you like to have?

• Conceptual goals: What would you like your life to be like?

• Freedom goals: What would you like to be able to do?

Principle in Action

Many people don’t even know where to begin when faced with the above questions and will sometimes provide a surface-level answer, such as “I’d like to travel” or “I’d like to spend more time with my family.” These are great starts, but it may take some time to truly uncover what’s most important to you. That’s okay, even if you don’t know exactly what you want there are ways to take practical steps toward leading a happier, more fulfilled life now.

Expect Less

It’s no secret that money can buy peace of mind and less stress. But can money buy you happiness? The answer is: to an extent. Researchers have found that increased income is associated with increased levels of happiness and life satisfaction up to a point—$105,000 to be exact. Beyond that threshold, happiness levels plateau and additional increases in income result in negligible changes in happiness.

Instead of focusing on the ultimate retirement dream (e.g., a certain amount of money in the bank, or a specific car or household item), try focusing on what you do have and live in the moment as much as possible. Practising meditation or mindfulness can have significant impacts on your overall sense of happiness and well-being, and letting go of expectations of what your life should look like can be a great first step in living your retirement dream now.

Set Sub-Goals

If your dreams are more on the tangible side, that’s great too. To help with these goals, try setting smaller sub-goals that can be achieved more quickly than the ultimate retirement dream. For instance, if your retirement dream consists of retiring to a place on Lake Winnipeg, maybe set a sub-goal of vacationing there first. Taking that trip could inspire you even more to make your ultimate dream a reality, while also allowing you to live your dream in the moment as well.

Find Purpose

Studies show that individuals who live a purpose-driven life are happier and healthier on average than those who don’t. Not only that, they also live longer! A purposeful life is commonly associated with fulfillment and motivation, and can be found in many ways. Volunteering for a local nonprofit or church, spending time with your children, or pursuing a newfound hobby are great ways to find purpose in your day-to-day life.

Prioritize Family & Friends

This one sounds obvious, but it’s often one of the hardest things to do. Life gets in the way and before you know it, you’ve spent a whole month getting stuff done but not really spending any true quality time with the people who matter most. Living your retirement dream now often comes in the form of just slowing down for a moment. Realizing that the laundry list of stuff to buy, deadlines to meet, and things to do is important, but so is connecting with and learning from those around you.

The great news is, you don’t have to wait until retirement to do that. You can start setting aside time every week to check in with your loved ones and find meaningful ways to connect. You might just find that in doing so, your to-do list becomes a little lighter and maybe even easier to accomplish.

Get Started Today

So, what steps can you take NOW to start pursuing your dreams? You may be surprised to realize that some of your goals can be accomplished sooner rather than later.

I’m here to celebrate your successes and help you cope with challenges as you work toward living your retirement dream now. Learn more about how I can help by contacting me at (613) 447-1770 or yusuf.osman@gmii.ca​.

About Yusuf

Yusuf Osman is a Financial Advisor at Global Maxfin Investments Inc., an independent full-service financial advisory firm dedicated to helping clients create financial freedom, security, and peace of mind. With over 30 years of experience in the finance industry, Yusuf is committed to educating, engaging, and inspiring as many people as possible to take control of their finances. He spends his days developing a thorough understanding of his clients’ lives, concerns, and dreams to help them build a financial plan that keeps pace with changes in both the markets and their lives. Yusuf graduated from the University of Ottawa with a bachelor’s degree in Science and earned an MBA in Finance from Queen’s University. To learn more about Yusuf and his Dynamic Wealth Program for Women, go to Dynamic Wealth Program for Women | Dynamic Wealth.