Ep 436: Kick It: How To Push Limits To Tackle Your Physical and Fiscal Goals

Learning something new can be daunting, especially as you get older. But here’s the thing, the sooner you master a new skill, whether it be how to invest in the stock market , manage your debt, or take on a new sport — the closer you are to mastering it. Gwendolyn Bounds, author of “ Not Too Late: The Power of Pushing Limits At Any Age ,” wants you to ignore that nagging voice at the back of your head that says that you don’t know enough to get started and just take the first step. She did that when she took on Spartan Racing at age 47 and today, we’re talking about the parallels between striving for financial and physical goals at any age. Takeaways: Setting big goals, whether they be physical or financial, and breaking them down into smaller steps is the key to achieving personal growth. Overcoming financial and physical challenges requires perseverance and a willingness to push yourself beyond your comfort zones. Financial and physical challenges share similar processes of setting goals, learning new steps, getting out of your comfort zone, and seeing incremental improvements add up. Chapters: 00:00 Introduction 03:04 The Power of Learning New Skills in Middle-Age 06:39 Embracing New Challenges, Spartan Racing 12:17 Similarities Between Personal Finance and Exercise 19:13 Overcoming Fear 23:54 Finding Patience in Plateaus and Setbacks 33:18 The Connection Between Financial and Physical Well-being 35:46 Transition to Mailbag 39.30 Mailbag Q 1: Should I take out a reverse mortgage? 43.51 Mailbag Q 2: Should I invest my HSA money? Have a question for us? Write to us at mailbag@hermoney.com . While you’re at it, join the HerMoney community! For the latest episode drops and financial news-you-can-use, subscribe to our newsletter at Hermoney.com/subscribe ! Interested in learning more about investing alongside hundreds of other women? Join us every other Monday night on Zoom and learn more at investingfixx.com . Thank you to Gainbridge® for supporting the HerMoney podcast. Gainbridge® created ParityFlex™, a multi-year guaranteed annuity, to offer women security and flexibility at a time when they need it the most—retirement. Learn more about ParityFlex™ here. The HerMoney with Jean Chatzky podcast is sponsored by Edelman Financial Engines. The podcast team and its host are neither employees nor clients of EFE, however, the show does receive fixed compensation and is a paid endorser and therefore has an incentive to endorse EFE and its planners. To learn more about the sponsorship, please visit PlanEFE.com/HerMoney . Please contact advertising@airwavemedia.com if you would like to advertise on our podcast, and to learn more about Airwave, head to www.airwavemedia.com . Learn more about your ad choices. Visit megaphone.fm/adchoices