Paying Myself in Retirement: The Shift That Stopped My Financial Fear

Does your heart miss a beat every time you see a bill come in? That was me, too. But now I've overhauled my budget spreadsheet to handle pop-up expenses and more, without any guilt or dread. I've changed my mindset on 3 important things -- saving money in retirement, looking at my sources of income, and assigning specific income streams to pay for specific things. No more scrambling through my checking and savings accounts to pay the bigger bills -- now I have a method. And I'm so excited to share it with you today. Watch as I go through all the changes I made to both my mindset and my spreadsheet to accomplish this. I hope you find it helpful. Link to Michelle Meitler's channel:    / @michellemeitler   ❤️ Tobi Timestamps: 00:00 Intro 00:45 We've reached 40K subscribers! 01:40 I realize my earnings aren't doing their job 02:00 The 3 mental shifts. First shift: stop saving money 03:10 Second shift: look at all your income 04:00 Third shift: give each income stream a job 04:55 Problem #1: money flowing in and out of savings, and how I fixed it 05:25 Problem #2: not enough attention to where income comes from, and how I fixed it 06:15 Problem #3: no specific way to pay for baseline expenses, and how I fixed it 07:30 Problem #4: no specific way to pay for pop-up (sinking fund) expenses, and how I fixed it 08:15 Problem #5: no specific way to pay for lifestyle expenses, and how I fixed it 09:20 How to handle future expenses with hidden tools: reroute interest, develop additional income streams 11:00 Outro #RetirementIncome #PayingYourselfInRetirement #RetirementBudget #ManagingMoneyInRetirement **************************** Hi, I’m Tobi. I’m a solo woman in my 70s creating a rich retirement through small, intentional choices. If you’re looking to simplify your life, stay active, and find joy and meaning in the everyday without a high-budget lifestyle, you’re in the right place. On my channel you'll find: 🕯️ Chats about mindful living and intentional spending 🌿 Tips for simplifying our lives and surroundings ☕️ Self-Care routines to keep us healthy and thriving 🥾 Low-budget ways to stay active and connected If you’re seeking inspiration to live your life on your own terms, I’d love for you to subscribe and join our community. New videos every Friday. ❤️ Tobi Favorite books: The Happiness Trap, by Russ Harris Daring Greatly, by Brene Brown Radical Compassion, by Tara Brach #SimplyRetired #MindfulLiving #Intentional Living #SoloRetirement