Retire rich, spend smarter - Beat the “guilt of spending”
Imagine that you’ve saved diligently, invested wisely, and built a retirement fund that will more than cover your lifetime needs. Now the hard part should be over, yet many retirees discover a new challenge; not how to make money last, but how to actually spend it without guilt.
In this episode of Money Hacks by The Business Times, host Howie Lim is joined by Loh Yong Cheng, deputy head of advisory at Providend, to tackle one of retirement’s most overlooked hurdles: the psychology of spending. It turns out that the very mindset that built wealth including discipline, deferral, and caution can become a barrier to enjoying it.
Why listen?
- Move past the guilt: Learn why retirees often hesitate to spend, and how to reframe money as an enabler rather than a scoreboard.
- Purposeful spending plans: Discover how to anchor finances around meaningful goals like family time, travel, and wellness, instead of chasing “highest yield” anxieties.
- From saver to spender: Understand the mental shifts needed to transition from decades of accumulation into a confident phase of enjoyment.
- Balancing legacy with life: Explore ways to provide for loved ones while still investing in your own fulfilment.
If you’ve done the hard work of building wealth, this episode shows you how to finally live it. Retirees who want to stop second-guessing every expense and start spending with confidence will find practical, psychology-driven strategies worth tuning in for.
And as always, the Money Hacks team invites your feedback or suggestions at btpodcasts@sph.com.sg.
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Written and hosted by: Howie Lim (howielim@sph.com.sg)
With Loh Yong Cheng, deputy head of advisory at Providend
Edited by: Howie Lim & Claressa Monteiro
Produced by: Howie Lim & Chai Pei Chieh
A podcast by BT Podcasts, The Business Times, SPH Media
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