Do you believe you can live well today and still prepare for the retirement you envision? Sadly, many people don’t believe this is possible. The idea of retirement planning is so overwhelming that they put it off or take a misguided approach based on investments, not their personal vision and dreams. Financial advisor Randy Carver knows it doesn’t have to be this way.
You can enjoy today and retire to the life of your dreams using an innovative process that, up until now, only a select few had access to. Randy wrote Ultimate Vacation: The Definitive Guide to Living Well Today and Retiring Well Tomorrow to share the Personal Vision Planning process that he and his team have developed and refined to help thousands of clients maintain and advance their standard of living. He wants to help readers everywhere learn how to define what’s important today and create a vision for what the future looks like.
I recently sat down with Randy to find out what moment inspired him to write the book, his favorite idea that he shares with readers, and how he’s applied this idea in his own life.
What happened that made you decide to write the book? What was the exact moment when you realized these ideas needed to get out there?
Having worked with thousands of people over the years, I have seen how many people were able to do things in retirement they had always dreamed of, while their friends struggled financially because they were not prepared. My goal with the book was to help those who did not have the advantage of working with us or another trusted advisor.
I can still remember the moment when I realized I needed to write the book. It happened while I was sitting in a meeting a few years ago with a client who said that they “had done things they never would have imagined if they had not met us.” Moreover, they had more money today than the day they retired and felt comfortable, whereas their friends were concerned about their futures as they were unprepared for retirement on both a financial and personal level.
I realized then that a book could allow me to reach more people — beyond those we’re able to work with — and create outcomes for them similar to the one that client was enjoying.
What’s your favorite specific, actionable idea in the book?
My favorite idea is this: do the work to really figure out what you want your future to look like from a personal standpoint, before trying to figure out the financial. Investments are simply a means, not an end. Many people pick the investments before they know where they want to go or how they want to get there. Frankly, most of the financial services industry is very investment focused rather than vision focused and that’s backwards, in my opinion.
What’s a story of how you’ve applied that idea in your own life? What has that idea done for you?
As our practice has grown, it has been very helpful to figure out the future vision first, then hire team members and invest in our business based on that vision, rather than simply hiring or make investments simply because they seem like a good idea.
By having a clearly defined vision and road map of how we want to get there, it has allowed us to hire and invest based on our goals and therefore be much more successful.
For more advice on planning the retirement of your dreams, you can find Ultimate Vacation: The Definitive Guide to Living Well Today and Retiring Well Tomorrow on Amazon.