The Importance of Leisure Spending, Health, and Relationships in Retirement Planning #realestate

Dustin Serviss, a financial advisor with a unique perspective, recognizes the importance of leisure spending, health, and relationships that are often overlooked in the field. Through his observations, Dustin has noticed a common trend among older clients who have dedicated their lives to hard work and business, sacrificing hobbies and social connections in the process. As they reach a point of selling their businesses and their children moving out, they find themselves longing to rekindle their lost passions and friendships. However, stepping out of their comfort zones becomes a daunting task, particularly in their later years. Even at the age of 41, Dustin understands the challenges of creating new routines and forming new relationships, but emphasizes the necessity of doing so to avoid a future of wealth but loneliness. With a holistic approach to financial advice, Dustin encourages his clients to allocate resources towards activities they enjoy and to invest time in nurturing meaningful connections with loved ones. Through his guidance, Dustin strives to help individuals achieve not only financial security but also a fulfilling and well-rounded life.Show more

Full episode @reimastermind

Key Topics and Bullets:
Leisure Spending and its Importance
- Lack of emphasis on leisure spending by financial advisors
- Observed infatuation with hard work and neglect of hobbies and relationships
- Challenges of reforming hobbies and friendships in later stages of life
- Reluctance to step out of comfort zones at an older age
- The importance of spending money on enjoyable activities
- Avoiding the risk of being rich but lonely in retirement

Health and Well-being
- The impact of neglecting health due to excessive work and family responsibilities
- Difficulty in prioritizing health when business takes precedence
- Challenges in maintaining physical fitness and overall well-being as one gets older
- The need for intentional effort in seeking out new ways to stay fit and healthy
- The benefits of joining a new gym or exercise group to maintain health

Relationships and Social Connections
- Neglect of relationships and social connections due to work commitments
- Difficulty in forming and maintaining friendships as one grows older
- Challenges faced by empty nesters in rebuilding relationships after children move out
- The importance of stepping out of the comfort zone to form new friendships
- Lack of time and opportunities for socializing outside of work
- The significance of investing time in maintaining and nurturing relationships

Transitioning to Retirement
- Selling the business and the impact it has on personal identity
- Adjusting to a new phase of life after children move out
- The challenges of finding new hobbies and interests in retirement
- The need for proactive effort in pursuing new activities and passions
- The potential loneliness that can come with wealth and lack of social connections
- The importance of prioritizing leisure, health, and relationships in retirement

Overcoming Resistance and Stepping Out of the Comfort Zone
- Recognizing the resistance to change and stepping out of comfort zones
- Addressing the fear and anxiety associated with trying new things
- Seeking support and encouragement from peers in exploring new activities
- Embracing the potential discomfort and challenges that come with stepping out of the comfort zone
- The rewards and personal growth that can be achieved by pushing beyond comfort zones

Primary Topic: Balancing Work, Family, and Personal Life

- Balancing work, family, and personal hobbies and interests
- The tendency to prioritize work over personal enjoyment and relationships
- Nurturing family relationships while maintaining a successful business
- Allocating time for leisure activities and self-care amidst busy schedules
- Striking a balance between work responsibilities and personal fulfillment
- Avoiding the regret of neglecting personal enjoyment and relationships in pursuit of work success