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10 Insights to Retire Inspired — Chris Hogan

Date post: 16-Apr-2017
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Retire Inspired

This presentation consists of highlights from the interview with Moe Abdou,

founder & host of 33voices®.

Chris Hogan helps people across the country develop successful strategies to manage their money, both in their homes

and businesses. He is a popular and dynamic speaker on the topics of personal finance, retirement, and leadership. For more than

a decade, Hogan has served on Dave Ramsey’s team as a trusted financial coach and advisor and a sought-after speaker. Hogan helps people plan for their future and reach their retirement goals through

his Retire Inspired Live Event and R:IQ Assessment tool.

Chris Hogan@chrishogan360

Author of Retire Inspired

Retirement isn’t what it used to be; it requires ownership and a sense of

responsibility in order to navigate these four common traps:

Insight #1

Retirement isn’t what it used to be; it requires ownership and a sense of

responsibility in order to navigate these four common traps:

Perception - Retirement is not an end, it’s a new beginning

Insight #1

Retirement isn’t what it used to be; it requires ownership and a sense of

responsibility in order to navigate these four common traps:

Entitlement - Financial security doesn’t include social security

Insight #1

Retirement isn’t what it used to be; it requires ownership and a sense of

responsibility in order to navigate these four common traps:

Attitude - Having foresight requires deliberate action

Insight #1

Retirement isn’t what it used to be; it requires ownership and a sense of

responsibility in order to navigate these four common traps:

Disorganization - There’s no end goal without a plan

Insight #1

Insight #2

Saving money isn’t delayed gratification; it’s a responsibility that

takes wise judgment and deliberate practice. Consider these three tips:

Insight #2

Saving money isn’t delayed gratification; it’s a responsibility that

takes wise judgment and deliberate practice. Consider these three tips:

Review your recurring monthly expenditures like your cell phone and internet bills

Insight #2

Saving money isn’t delayed gratification; it’s a responsibility that

takes wise judgment and deliberate practice. Consider these three tips:

Download the App Acorns to help you save and invest spare change from

your everyday purchases

Insight #2

Saving money isn’t delayed gratification; it’s a responsibility that

takes wise judgment and deliberate practice. Consider these three tips:

Transfer high-interest credit card balances to a low or zero interest alternative

Insight #3

Warren Buffett on habits:“Chains of habit are too light to be felt until they are too heavy to be broken.”

If you’re serious about improving money habits, commit to a monthly budget; it’s easier

than you think with tools like Mint

Insight #4

Debt is crippling and is the single biggest barrier to your financial health. Make it your highest priority to

eliminate it; consider these tips:

Insight #4

Debt is crippling and is the single biggest barrier to your financial health. Make it your highest priority to

eliminate it; consider these tips:Ditch your credit cards - all of them

Insight #4

Debt is crippling and is the single biggest barrier to your financial health. Make it your highest priority to

eliminate it; consider these tips:Negotiate a payment plan with more favorable interest terms

Insight #4

Debt is crippling and is the single biggest barrier to your financial health. Make it your highest priority to

eliminate it; consider these tips:Reconsider homeownership until you’re financially stable

Insight #4

Debt is crippling and is the single biggest barrier to your financial health. Make it your highest priority to

eliminate it; consider these tips:Do you really need a car?

Insight #5

When contemplating your investment options, always take the long view, for unless you’re

‘willing to own a stock for ten years, don’t even think about owning it for ten minutes.’

Time + compound interest = Great results

Insight #6

The wise always put money in perspective, for they understand that above all else, money is less about

intelligence, and much more about behavior.

Armando Fuentes | We’re not rich because we have a lot of money. We’re rich because we

have few needs. And we celebrate everything.

Insight #7

These five truths will make you financially wise:Your life will be filled with tough choices

Insight #7

These five truths will make you financially wise:Your entire life is determined by

how you make decisions

Insight #7

These five truths will make you financially wise:Your biases will affect every

decision you make

Insight #7

These five truths will make you financially wise:You will be distracted by things

that really don’t matter

Insight #7

These five truths will make you financially wise:You must have a good process to

make good decisions

Insight #8

Smart investors hardly make decisions based on fear, still they’re prudent about

understanding these investment risks:

Insight #8

Smart investors hardly make decisions based on fear, still they’re prudent about

understanding these investment risks:You could lose your money - still, be patient

Insight #8

Smart investors hardly make decisions based on fear, still they’re prudent about

understanding these investment risks:Getting beat up by inflation - still, be

in the market for the long haul

Insight #8

Smart investors hardly make decisions based on fear, still they’re prudent about

understanding these investment risks:Putting all your eggs in one basket is dangerous - still, consider diversifying

Insight #9

As a parent, the greatest investment in your kids and the next generation isn’t your money, it’s passing down who you are and making an

investment in who they are becoming.

Insight #10

If you’re serious about improving your financial IQ, ask yourself these four questions:

Insight #10

If you’re serious about improving your financial IQ, ask yourself these four questions:

Do you avoid making decisions about money?

Insight #10

If you’re serious about improving your financial IQ, ask yourself these four questions:

Do you feel as though you’re missing something in your financial life?

Insight #10

If you’re serious about improving your financial IQ, ask yourself these four questions:

Have you made money decisions that you regretted and then repeated them?

Insight #10

If you’re serious about improving your financial IQ, ask yourself these four questions:Does talking about money with the people

you love make you uncomfortable?

Reflect: Do you know how much you

spend each month?

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