KuelLife Logo home 1000

How Women Over 50 Avoid Financial Burnout

financial burnout

Your Money Journey: Lisa Sakai

We all have those days; you know, the ones where even the thought of lacing up your running shoes seems like an uphill battle.

I had one of those Sundays recently. Despite my love for hitting the trails and clocking in those miles, the idea of stepping out for my routine run felt more daunting than exciting. But here’s the catch. It wasn’t just about the run. It was about what that run represented. And it was a reminder of the progress I’ve made. I couldn’t help but note the reluctance to lace up my running shoes often mirrors the apprehension many women over 50 feel towards managing their finances.

The Reluctance to Run:

Let’s wind back to that lazy Sunday morning. The comfort of my bed was especially appealing, and the thought of skipping my run was tempting. However, a little voice in my head reminded me of the progress I’ve been proud to achieve. Shaving off a minute per mile since I started running. Despite considering myself on the slower side, I’ve tackled 10Ks each weekend. Improved my shin splints condition, and overall taken huge strides from where I started a year ago. The fear of losing this progress was the nudge I needed to get up and go.

Often, we face a similar reluctance when it comes to managing our finances. It could be as simple as not wanting to glance at our 401K statements, especially after the tumultuous financial year of 2022. Understandably, the market can seem daunting, but turning a blind eye to our finances is equivalent to ignoring the roadmap to our financial future. We are just tired of it all and we don’t wanna!

“This state of mind leads us to avoid active participation in financial planning…”

Financial Burnout: The Unseen Hazard:

Financial burnout, a term that encapsulates the overwhelming desire to ignore our finances and do the bare minimum, poses a significant risk. This state of mind leads us to avoid active participation in financial planning, much like how skipping one run can spiral into leaving our running shoes to collect dust. We need to continue to do something to keep the train rolling. Maybe I decide to go out for just a walk rather than a run or maybe just one mile and see how I feel. If I go farther, great, but if not, I still kept my promise to myself to keep my progress going. 

Here’s where the magic of collaboration comes into play. Just as a running coach can help you stay on track and push you towards new milestones, a financial advisor crafts strategies that navigate you towards a better financial future.

Financial Independence:

So, what does financial independence really mean? Imagine having the liberty to do what you want when you want, without anyone or anything holding you back. True financial independence isn’t just about amassing wealth; it’s about creating a life where financial constraints do not dictate your choices. It’s about avoiding financial burnout.

“Remember, the race towards financial independence is a marathon, not a sprint.”

Doesn’t that sound amazing? What if I told you, you too can have that, if you just make the commitment to practice self care for yourself, even when you don’t wanna. Take a step here and there to be more active in your financial choices and situation. Look at those credit cards. Ask yourself if you really need that 20th lipstick. Don’t deprive yourself but become a conscious player in your finances and you will see progress immediately. Financial independence doesn’t have to be far away. You just have to put on your running shoes and do some work. 

Through the lens of a seemingly ordinary Sunday run, we’ve gone across the terrain of financial planning and the importance of maintaining progress. The concept of financial burnout serves as a reminder that avoiding our financial responsibilities is really holding us back from what we want: financial independence. 

Financial Independence Is A Marathon, Not A Sprint:

Remember, the race towards financial independence is a marathon, not a sprint. It requires perseverance, dedication, and sometimes, a helpful nudge in the right direction. By committing to occasional self-assessment and conscious spending, women over 50 can steadily progress towards financial independence, viewing it not as a distant goal but as a tangible reality achievable through perseverance and dedication.

Note: Investment advice offered through Integrated Financial Partners, doing business as One Vision Retirement, a registered investment advisor. The information in this material is for general information only and is not intended to provide specific advice or recommendations for any individual. Integrated Financial Partners does not provide legal/tax advice or services. Please consult a qualified legal/tax advisor regarding your specific situation.

Additional resources can be found in Lisa’s bio below.

Did you enjoy this article? Become a Kuel Life Member today to support our Community. Sign-up for our Sunday newsletter and get your content delivered straight to your inbox.

Lisa Sakai Color Headshot

About the Author:

Lisa Sakai is a Financial Consultant who works with clients on Bucket List Acceleration and getting to live the life they want now. As the co-founder of One Vision Retirement, she has been working with clients across the country for over 12 years. Lisa’s advice provides easy to understand, logical steps and exercises that people can take action on right away. Learn more about Lisa Sakai here at One Vision Retirement.

Need help getting started? No sweat, set up a no-obligation, Get to Know you Call today: https://calendly.com/onevisionretire/gettingtoknowyouOne Vison Retirement. Your Path to Financial Independence with 20/20 Vision. Not sure where to start, take a look at a resource this resource: Baby Step Your Way to Financial Independence. Start with one of the 15 ideas listed and start to build on top of that. This will build you the home you want rather than looking at the ashes that remain.