Weekly 5-Outtakes May 18 2017

Weekly 5-Outtakes

Hack for finding like-minded baby boomers online:
Baby boomers have more than just found social media, they have taken it over to meet their needs. I read recently that social interaction online has rewarded those who are givers. Finding groups to gain a feeling of belonging and ability to be heard and entertained is the norm.
Here are a few Groups that have caught my eye recently on Facebook.

Baby Boomers Rock (A National Movement)
Do You Remember?
Fashion Over Fifty
Boomer Memories
Growth.com
Baby Boomer Lives

Book I am reading;
Rising Strong: How the Ability to Reset Transforms the Way We Live, Love, Parent, and Lead – Brené Brown
“When we own our stories, we avoid being trapped as characters in stories someone else is telling.”
Neuroeconomist Paul Zak has found that hearing a story— a narrative with a beginning, middle, and end— causes our brains to release cortisol and oxytocin. These chemicals trigger the uniquely human abilities to connect, empathize, and make meaning. Storytelling is literally in our DNA.

Affirmation that I say daily:
I have an abundance of energy! I have an abundance of energy! I have an abundance of energy!
I attract energy into my life! I attract energy into my life! I attract energy into my life!

What is your Pretirement Plan?
The New Retirement = Pretirement
Baby Boomers have redesigned ever aspect of their lives over the last 60+ years. They have no intention of keeping their hands off the new extended lifespan being termed Pretirement. Boomers are still looking for the same adventurous lifestyle that led to the YUPID term of the 70’s through the 90’s. Young, Urban, Professionals, In Debt. Man were we yupid. Baby boomer life expectancy is surpassing 84 years. That’s the average. Many will live longer and will require the finances to continue their “if it feels good, do it” lifestyle. These are exciting times we live in.

Best Flip board article of the week
Here’s The Down-Low On Down-Sizing
By Melissa Reed, HuffPost Contributor.
Baby boomers are creating their minimal-list. What things have you found difficult to give up?

Weekly 5-Outtakes April 11

Weekly 5-Outtakes

Hack for learning online:
I am always on the lookout for quality education. In today’s world, online education is enormous. As always, it is buyer beware. One site that I have taken several courses on Facebook marketing is Udemy.com I noticed that Brian Tracy has added his course on leadership. https://www.udemy.com/home/my-courses/learning/

Book I am reading;
Create Your Best Life – The Ultimate Life List Guide
Caroline Adams Miller & Michael B. Frisch This book is packed with useful information on combining goal setting with positive mindedness.

Affirmation that I say daily:
I eat only foods that nourish and build my body. I eat only foods that nourish and build my body. I eat only foods that nourish and build my body.
Occasionally, I find myself raising my voice on this one as I head toward the kitchen.

What is your GLI: Greatest Longterm Impact
Creating clarity of values results in clarity of purpose, leading to clarity of focus on the most important think you need to concentrate on to have the greatest long-term impact. I say think because when we “think”, we arrive at the activity that will have the greatest impact over the long term. Work your plan backward and think, what is the most important use of my time, right now? That is your Most Important Think!

Best Flip board article of the week
Will Boomers Lead The Next Startup Explosion?
Elaine Pofeldt , Forbes Magazine Contributor.
This is an excellent article, It states that nearly 20% of those over fifty are self-employed.

Weekly 5-Outtakes March 16

Weekly 5-Outtakes March 16

Process hacks that assist in focus and concentration
Having a 90-Day Adventure card that I can carry in my pocket of wallet provides a visual reminder of the most important thing I need to accomplish in a given day. The sense of accomplishment at the end of the day is reinforced by three senses, physically checking it off after reading it, sub-verbalizing it as complete and seeing the check mark of completion. It contributes to peace of mind.

TedEx Talk that taught me
What obituaries can teach us about living.

Book I am reading
Kiss That Frog! by Brian Tracy – Repeatedly, as we develop ourselves, we need to renew our belief in ourselves at each new level. Brian reminds us of proven methods we all can use to help turn negatives into positives.

One thing I am grateful for
I am excited for the adventures that start my day and allow it to close with the feeling that I have done my best.

Health process I am enjoying
Do not take a sauna without medical advice. For me, nothing beats a sauna for stress release and meditation time. I have not been able to ignore wanting to record the great ideas that come to me while relaxing, so I voice record and transcribe later.

Podcast – Artisan’s Emporium

In this episode, James talks to three pretired entrepreneurs from the rural town of Roxboro, in Person County, NC. Listen in on their very educational and inspiring discussion on matters such as:

  • What inspired them to start their own business after leaving the workforce?
  • What gave them confidence?
  • What role models did they have?
  • What obstacles did they encounter?
  • What unexpected things happened?
  • What have been some of the benefits
  • What values do they want to be remembered for?
  • and more….

Artisan’s Emporium Owners: Kathie Rattican, Carol White, and Saundra Shoe.

That brings us to the end of this podcast. We will keep you posted on the next podcast from Person County, NC as we continue to meet and learn from more baby boomers who have changed directions to follow passions.

Thanks for listening. If you find this series helpful, share with others who may benefit.

This Podcast was brought to you by the 90-Day Adventure© cards. Watch my video on the benefits of writing down your most important thing (MIT) to do each day, and then having it as a constant reminder in your pocket. Make the next ninety days the most productive adventure you have ever had. The 90-Day Adventure© cards also make great gifts and the perfect reminder to add to school lunches.

Until next time, this is James Wm. Frank, making the rest the best!

What did you learn from the interview? What questions would you like to have answered in the next podcast? Leave you comments below.

Pretirement – Is it Real?

Baby boomers take pretirement by storm. Is it real?

Since 2011 10,000 baby boomers have turned sixty-five every day. This has caused the landscape of our social fabric to change dramatically. It is becoming increasingly clear that boomers do not want to act their age. They may not know exactly what they do want, but what they don’t want, is to be called “old” or “senior”, or even “retired”. Terms like, “reinventing” “second act” are being heralded as descriptions of the activities that baby boomers use to spend their time.

Pretirement seems like a better term to describe this period between when adults stop contributing to their retirement plans through deductions and yet have not started to draw down on their savings on a regular basis. This is a new state of adult life that marks the transition from a profitable occupation to a profitable avocation.

Many economists and financial planners see pretirement as a conflict that must be surmounted.  Pretirement to them means:

  • The act of planning for early retirement and
  • Planning to avoid probate
  • Planning for long-term care
  • Making sure your money lasts as long as you do

Ok, then what? Let’s face it, financial planning should not take more than a few hours out of each year to stay up to date.

Others are looking more at the social implications of the pretirement years and how a new mosaic of priorities and time management emerge. In all of these, rethinking is a common requirement.

Pretirees are really saying, hell no, this is not another time in my life that I am must drudge through to get to retirement. I don’t want to surmount this. I want to actively enjoy this.

They see pretirement as a period when the kids are, mostly, on their own – man is the only animal that lets the young back in the nest. They have done the twelve-hour work day when you include transit time and dealing with kid’s activities. For too long, they have sacrificed for others. It is finally their time. Once the kids are out of the house, they are ready to enjoy life again. it’s like when the last family dog or cat goes to animal heaven and you decide, I have picked up enough poop and changed enough kitty litter for one life.  Many boomers just don’t want to be home by a certain time anymore to look after pets. They want to enjoy their new-found freedoms.

Pretirement is the time to move past the reflection of what have I accomplished, and on to where can I make the biggest difference with my talents, and expand my horizons of creative life and lifestyle.

The sheer number of baby boomer pretirees transitioning into the next state of existence has led to an entirely new financial economy with tremendous entrepreneurial requirements, the “longevity economy”.  Many of this newly defined cohort are actively looking to expand their contribution to society as well as exploit their wisdom to work for themselves. Pretirement is a time for a second career for many of those leaving the workforce, with one-third of new businesses being started by those over the age of fifty, per the research by the Kaufman Foundation.

The advantages that the current pretirees, the baby boomers, bring to the table to start a business career after leaving an employment career are multi-faceted Including confidence, experience, wisdom, financial security, basic business acumen, clear goals, and the ability to work with others, just to name a few.

One thing is for certain. The pretirement baby boomers are itching for new input on many intellectual fronts. They are staying curious and looking for answers to problems they see in the world. They want information and they want to learn. They see their next 20-30 years as a great adventure and they want to participate to the fullest.

If you are in that cohort of baby boomers who are creating a new beginning, we want to know what has driven you to begin again? What has inspired you? Where, and how, have you gotten new skills that you needed to create your new raison d’etre? Not only do others need to hear your story, others will be inspired by your challenges and successes. Remember, leave the woodpile higher than the way you found it.

Weekly 5-Outtakes Feb 17

Audio program I am listening to:

Self Discipline by Brian Tracy Spaced repetition of knowledge input is one of the most important habits that will catapult you to your goals faster than anything you could do. Gentlemen, this is a football, stated Vince Lombardi at the beginning of every training season for the Green Bay Packers. It is the basics that slip us up every time. You will know when you have integrated a new habit when you find yourself repeating the learned phrases on your own. Like taking a shower, repeated lessons are vital to daily results.

Thoughts I Am Pondering

Here is my next book title Force of Purpose (www.forceofpurpose.com). When the mind’s eye vision is so strong, the facts don’t matter. Overcoming hours of aloneness and accepting when enough is good enough are a welcome normal.

Exploring New Questions Reveal the Same Old Answers

Keep asking the 5-Whys. Questions are always the answers. What do you value? Why? What are your motives? Like a small child striving for a deeper answer, asking why, five time in a row, will expose core beliefs and opportunities to excel.

Boomer To Zoomer Flip Article Getting Attention

Boomerang kids causing baby boomer parents to stress about retirement, survey suggests

The kids leave and then come back. It is said; “Man is the only animal that lets them back in the nest.” More than 40% of new businesses are being started by those over fifty years old. And they want to learn the skills to success quickly. Their reasons abound.

What I am reading.

Boomer Reinvention, How to Create Your Dream Career Over 50.

And today, a question for you to ponder.

What is on your Minimal-List? What are some of the things you would have to have at the least, being a baby boomer going forward? Is travel a must for you? Is living close to the grandchildren of upmost importance? What are your “No matter what” items that take precedence over time and money?