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But hes not advocating for a free-spending lifestyle or encouraging you to cash out your 401(k).
When it comes down to it, Kinder believes focusing on retirement is the wrong way to frame it.
Instead, he wants people to plan for freedom,starting with defining what that means.
Retirement as a financial concept is a vague goal that doesnt give people much to strive for.
When a goal lacks personal meaning and specificity, people are less likely to commit to it.
Theybudgetless for the retirement fund and more for the vacation theyve been dreaming about.
Freedom Is a Meaningful Goal
Not saving for retirement doesnt make you impulsive or short-sighted.
The solution, he said, is to plan for freedom instead of retirement.
Freedom is a core human desire.
Its intrinsically motivating and encourages people to put their hearts into the game provided they know what that means.
And they ought to be living it.
Kinder wants people to define that dream for themselves.
They start thinking about what they want to accomplish and what doors would open if they were financially free.
What does it actually look like, feel like?
And what are the steps to get there?
They focus so much on deposits, transfers and balances that they forget their motivation.
When you focus on achieving freedom, motivation returns front and center.
You know exactly why youre saving and investing.
Therefore, you want more of a nest egg and aim for $3 million.
Youll makechoices and sacrificesto live that life.
Freedom Is Flexible
Lastly, Kinder explained that the concept of retirement is time limited.
You may not achieve your end goal immediately, but you might take freeing steps.
Making these small steps can be incredibly motivating.
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