Most blue- and white-collar workers spend decades looking forward to retirement, ostensibly so they can stop working and start living. But financial coach and Right Riches for You facilitator, Curry Glassell, has a vital secret she wants to share. “Wealthy people don’t retire”, she confides.
And why would they?
If the statistics are to be believed, it seems that retiring may be bad for your health. In fact, one British study found that, after an initial period of greater health and well-being, retirement can increase your risk of illness (physical or mental) by as much as 60%.
“To truly understand the effects of retirement on our psyche, it pays to research what the word really means. Most people look forward to retirement as a time of freedom and enjoyment. But the word retire, from French retirer, actually means to withdraw”, Glassell explains.
.Being financially disempowered is sadly becoming more common in the modern age, as our debts far outweigh our incoming. But how do we reverse course?
Q: How does a billionaire child end up $2 million dollars in debt at the age of 40?
A: By being completely financially disempowered.
Curry Glassell was raised in a billionaire home but was actively discouraged as a child from learning about budgeting or personal finances. At age 40, she ended up a newly-divorced mother of two, with $2 million in debt and no understanding at all of how financial institutions work.
“I was surrounded by wealth but I was always reliant on others to give me the funds I needed and wanted. I wasn’t taught how to understand or use the power of money,” she explains.