S12 E7: Smells Like Money Podcast: Financial Wellness for Wastewater Pros Series- Part III: DIY Retirement Income Creation

Join Suzan Chin Taylor, the Doo Doo Diva, as she dives into financial wellness and retirement strategies with expert Steve Selengut. This episode is packed with actionable advice from Steve’s book, Retirement Money Secrets, tailored for those preparing for retirement or seeking financial health.

Host: Suzan Chin-Taylor | Guest: Steve Selengut

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Key Discussion Points:

DIY Investing Tips: Discover how to start investing on your own with insights from Steve’s Facebook groups and his financial risk minimization strategies.
Six Key Principles for Retirement Planning:

1. Quality Investments: Never invest in something you don’t understand.

2. Diversification: Reduce risk by spreading your investments across sectors and securities.

3. Income Production: Focus on generating consistent income from investments.

4. Profit-Taking: Implement a disciplined approach to secure gains.

5. Cyclical Nature of Markets: Learn to navigate market highs and lows strategically.

6. Mindset Shift: Prioritize income growth over market value fluctuations.

Building Financial Independence: How closed-end funds and income-focused investments can work like employees generating revenue for you.
The Importance of Clear Goals: Set clear directives when working with financial advisors to align strategies with your retirement objectives.

Why This Matters:

Suzan emphasizes the need for wastewater industry professionals to prepare for their “silver tsunami” moment—retirement. She advocates for financial planning to ensure a comfortable and well-deserved retirement after a lifetime of service to their communities.

Connect with Dave Smoljan and Extra Air:

Steve Selengut – The Retirement Income Coach

Website: https://theincomecoach.net/

LinkedIn: linkedin.com/in/privateinvestmentmanagement

Email: Steve@theincomecoach.net

Final Thoughts:

This episode offers valuable advice for anyone approaching retirement or looking to strengthen their financial future. Suzan underscores the importance of proper planning to enjoy the fruits of a career well spent, especially for those in the wastewater industry. Remember, your hard work deserves a secure and rewarding retirement. Take Steve’s insights to heart, explore his book, and leverage the tools and resources available to set yourself up for success.

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Don’t forget to subscribe to the Smells Like Money Podcast for more insights and innovations in the wastewater industry. Follow us on creativeraven.com/podcast-episodes for updates and more episodes.

I hope you find this episode as informative and as exciting as we have.

Please let us know your thoughts about the episode!

Connect with Suzan Chin-Taylor, host of The DooDoo Diva’s Smells Like Money Podcast:

Website: www.creativeraven.com | https://thetuitgroup.com/

LinkedIn: https://www.linkedin.com/in/creativeraven/

Email: raven@creativeraven.com

Telephone: +1 760-217-8010

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https://creativeraven.com/smells-like-money-podcast/

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