How to Manage Your Scarcity Brain with Michael Easter

Have you ever wondered why it is so hard for you to spend your money? Even now after all these years of saving you know you have enough, but it’s hard to let go and untie those purse strings.

Today, my friend and renowned author, Michael Easter joins me to discuss overcoming frugality from a different perspective. Click play to hear about the evolutionary mismatch that hinders you from spending your money. 

OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN

LISTENER QUESTIONS

• [2:38] Clarification on the 5-year Roth conversion rule
• [4:36] Simple IRA rules
• [6:50] The tax impact of waiting to take Social Security

PRACTICAL PLANNING SEGMENT WITH MICHAEL EASTER

• [12:00] Why Michael pursued the concept of the comfort crisis
• [18:32] How discomfort becomes rewarding
• [20:20] How we can change our decisions in small ways
• [24:25] How to manage your scarcity brain in retirement
• [33:48] We often focus too much on the numbers
• [36:59] The scarcity loop

TODAY’S SMART SPRINT SEGMENT

• [41:10] Take the stairs

Resources Mentioned In This Episode

BOOK - The Comfort Crisis by Michael Easter

BOOK - Scarcity Brain by Michael Easter

Stutz

Rock Retirement Club

Roger’s YouTube Channel - Roger That

BOOK - Rock Retirement  by Roger Whitney

Roger’s Retirement Learning Center