The Three-Legged Stool of Retirement: Financial, Physical & Mental Wellness with Lawrence Sprung

About Lawrence Sprung: Lawrence Sprung, CFP®, is the Founder and Wealth Advisor at Mitlin Financial, Inc., which he established in 2004. With over 26 years of experience, he specializes in planning and asset management, helping families make informed financial decisions. He is the author of the Amazon best-selling book Financial Planning Made Personal: How to Create Joy and the Mindset for Success, which simplifies the financial planning process. Larry also hosts the Mitlin Money Mindset® podcast, where he engages in insightful conversations about building a positive relationship with money.

In this episode, Shawn and Lawrence Sprung discuss:

• Why retirement planning involves more than just accumulating wealth
• The role of psychological factors in achieving financial well-being and making sound investment decisions
• Diversification in wealth management

Key Takeaways:

• Before setting financial goals, individuals should take the time to understand their deeper motivations for retirement, ensuring their money aligns with their long-term happiness and lifestyle aspirations.
• Whether you’re in your 20s, 40s, or 50s, taking proactive steps today, such as investing, budgeting, and understanding compounding interest, will significantly improve your financial security in the long run.
• Many people focus only on financial preparation but neglect to plan for how they will fill their time in retirement, which can lead to boredom, dissatisfaction, or even the desire to return to work unexpectedly.
• With a