NEW AND REDISCOVERED PASSIONS IN LATER LIFE A GUIDE TO PICKING A POST-CAREER HOBBY
Aside from financial concerns, the No. 1 question that most impending and recent retirees struggle to answer is how they will fill up all their time. While spending time with family and relaxing are priorities for most folks entering the post-career chapter of their lives, these aren’t enough to fill up the bulk of your newly acquired free time. Cultivating a hobby is a great use of your time at any age, but especially during retirement. As Dick Van Dyke once said, “To me, retirement means doing what you have fun doing.” Here are three questions to help you discover a hobby that’s right for you.
painted for pleasure during college but put the canvas away to focus on your career. Perhaps you were once a chess fanatic, and today you find your board gathering dust from lack of use. Now is the perfect time to rediscover those once-beloved activities.
passion at the same velocity as the footballs Bledsoe threw.
IS THERE A CAUSE YOU WANT TO SUPPORT?
Volunteer work can be incredibly fulfilling, especially when you have the time and energy to devote to it. Many older adults find that giving back to the community adds meaning and purpose to their lives. The best way to figure out how to donate your time is to think about a cause dear to your heart. From there, find a reputable organization that supports said cause, and see what you can do to help. Retirement is the perfect opportunity to throw yourself head-first into something you’re passionate about. So what are you waiting for?
WHAT HAVE YOU ALWAYS WANTED TO DO?
Discovering new hobbies is just as rewarding as rekindling old ones. Have you ever heard about a pastime and thought, “I’d love to do that, if only I had the time”? Former NFL quarterback Drew Bledsoe opened a winery after retiring from football. While you probably don’t have the financial resources of a professional athlete, there’s nothing stopping you from pursuing a newfound
DO YOU HAVE A DORMANT PASSION?
Work has a tendency to put our other interests on the back burner. Maybe you
ARE YOU PREPARING FOR YOUR FINANCIAL MARATHON WITH SPRINTS? TRAIN YOUR PORTFOLIO LIKE YOU’D TRAIN FOR A RACE
Running a marathon is a grueling task. It requires peak physical fitness, specific dietary requirements, and the mental fortitude to see the race through. But the training regimen for a marathon can be almost as brutal as the event itself. Every day requires a commitment to pushing your body beyond its limitations. With each stride forward, your body engages in a miniature dialogue that creates a binding verbal contract with your brain, holding it to a standard that begets newfound personal achievement. Your investment portfolio should have strikingly similar characteristics. However, without a conversation about mutual expectations, many clients want to believe they can train for the marathon that is their portfolio by running sprints. When race time comes for these investors, they find themselves incapable of finishing because of the lack of depth in their portfolios. Marathon training isn’t always sexy, and neither is building an investment portfolio. In truth, effective asset accumulation throughout life comes down to intent risk-management and detailed oversight. Those who are capable of putting money aside to save, living within their means, and creating a detailed budget end up with portfolios that have more potential for
long-term growth. By practicing delayed gratification in their finances and committing to the struggle that is saving, they can find previously unimaginable success with money. Running your investment race can be rewarding with the right training beforehand and execution during the event. At Patriot Wealth, we help people every day prepare for their races — and most importantly, execute them across a lifetime. We thrive off of gritty work, and we prioritize communication so that you stay in the loop about your finances at all times. When you run a marathon, your results are predictable, and we believe your wealth management should be too. Reach out to us today so we can show you how we use the fiduciary standard and ethics to accomplish your investment goals.
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