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

HerMoney with Jean Chatzky

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.
• It's never too late to start pushing limits and pursuing new financial challenges.

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?

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