Helping Boomers Create Their Own Victory Lap Retirement

I’ve been working hard on my year-end review and goal setting, which I will share with you in next week’s blog. I’m excited by what we have accomplished over the past year, but recognize that there is still a lot to do in the years ahead.

My co-writer Jonathan and I are on a major mission and that mission is made up of two parts:

  1. To convince investment advisors to adopt a more holistic approach and provide quality lifestyle planning assistance to their clients.
  2. To teach young people about financial independence, or Findependence as we like to call it, so that they can get off to a good start in life.

It’s a big job, but it’s something that we just feel the need to do.  Call it our way of giving back to the community! Today, I would like to expand on the first point a little more. Continue reading “Helping Boomers Create Their Own Victory Lap Retirement”

December’s VLR Winner

December’s VLR Winner was nominated by my co-author, Jonathan Chevreau, and I just love her story.

Meta is a real person, a neighbour of Jonathan’s and they also happen to attend the same church. She just celebrated her 100th birthday and, until she suffered a hip injury earlier this year, she was still working one or two half-days a week at a nearby printing firm. She used the proceeds from her work to finance the many trips she looked forward to taking with her friends. Wine tours around Niagara-on-the-Lake have always been a particular favourite of hers. Continue reading “December’s VLR Winner”

In Retirement, I Feel Like Scrooge On Christmas Morning

The Contessa and I both love Christmas. It’s just a special time of the year for the both us.

A tradition I always look forward to (in addition to eating a turkey meal) is watching the movie adaption of “A Christmas Carol”. There is just something about that movie that gets to me every time I watch it. I like the message it sends and it serves as an annual wake up call for me. In the movie, Scrooge is given the opportunity to review his life and the mess he has made out of it. And finally, after many years, he understands that money and possessions alone will not bring a person happiness. Continue reading “In Retirement, I Feel Like Scrooge On Christmas Morning”

I’m Mad As Hell And I’m Not Going To Take It Any More!

Sanity not insanity release concept made by a human hand holding a marker on transparent wipe board

Below you will find the famous rant made by TV news anchor Howard Beale in the movie “Network”, which was released in 1976. Little seems to have changed from back then and I could make a good argument that the world is in fact a far worse place then when that speech was given.

How many of us today feel like Beale did? How many of us are feed up with reality TV, tabloid journalism and the networks’ “do anything to bump ratings” approach to news reporting. Can we even trust the news anymore?

The world has gotten a little weird and the recent US elections are proof of that. Today, politicians seem more interested in their campaign contributors than the voters that they are supposed to be representing. Today, people seem willing to just make stuff up and say anything in order to win and they are not even embarrassed when they get caught and they do get caught. What happened?  How did we allow things to get like this? I’ll let Mr Beale say the rest… Continue reading “I’m Mad As Hell And I’m Not Going To Take It Any More!”

Introducing The First Monthly Victory Lap Retirement Winner

ernie-zelinski-4Picking the first winner of the VLR award was easy for me. Some might consider me a little biased, but how could I not give the award to my friend and mentor Ernie Zelinski? After all it was Ernie’s books “How to Retire Happy, Wild and Free” and “The Joy of Not Working” that basically salvaged my life and gave me the courage to leave a 36-year banking career that was slowly killing me.  If I had read Ernie’s book earlier, I would have probably exited my corporate job even sooner than I did.

Ernie is an interesting guy, who learned early in life that he wasn’t cut out for the corporate world. He’s a true free spirit, always has been, always will be and I just love his personal story. At the age of 29 he bailed (some might say was fired) from his job as a professional engineer. I say bailed because subconsciously we sometimes do things that will end up giving ourselves the result that we really want, as in “I know if I do this they will probably fire me” and in Ernie’s case they actually did. Continue reading “Introducing The First Monthly Victory Lap Retirement Winner”

Questions on Victory Lap Retirement

24nov-michaeldrakThe following is a recent interview that I did for Sheryl Smolkin over at www.savewithspp.com on VLR.

Sometimes I think it would have been better to have used the title “Victory Lap lifestyle.” VLR really isn’t a book about retirement, it’s a book that focuses on lifestyle design. Instead of being located in the personal finance section of the bookstore it should be in the self-improvement section, because the goal of the book is to help improve the quality of a person’s remaining years.

Another point we discussed in the interview is the difference between Victory Lap Retirement and an encore career. An encore career (paid or unpaid) is only one of the key ingredients in a successful Victory Lap lifestyle.  Enjoy the interview! Continue reading “Questions on Victory Lap Retirement”

Letting Go Of Grudges

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With Victory Lap Retirement now finished I’ve set out on a mission to simplify my life. This past weekend I cleaned out the cave, aka my home office, where I do the majority of my writing. I managed to fill up a garbage bag with papers containing my thoughts and ideas, newspaper clippings, magazines, and books. I was so pleased with this process, I expanded this simplifying process to the rest of the house, and I am amazed by all the “junk” collected over the years. In many cases, I didn’t even remember how it was acquired. It’s not just physical “junk” that I will purge, but also the “junk” that takes up valuable space in my mind.

Today I would like to talk about how I found a way to discard grudges which are a huge time and energy waster.

“Grudges are a waste of perfect happiness, laugh when you can, apologize when you should, and let go of what you cannot change.”

-Author Unknown

Continue reading “Letting Go Of Grudges”

Gone Fishing!

Gone Fishing Message.

Well it’s that time of year again when I leave town to do some fly fishing for Atlantic salmon on the mighty George River. It takes us two days to get there, but the trip is always worth the pain. It’s wonderful to be able get away from computers, the internet and the news which always seems to be bad these days. Everyone needs a break, a chance to recharge and the George River does that for me in spades!

Will be back in Toronto on Sept 8th.

Mike