The Wisest Investment of 2024 – Elizabeth Sherman

The Retirement Wisdom Podcast

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Today’s Building Block: Wellness

Minding your investments for your retirement? There’s one especially smart investment you can make that will pay dividends in your retirement.

Elizabeth Sherman explains how investing in your health and wellness now can enhance the quality of your life now and in your retirement years.

Elizabeth joins us from Mexico.

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Bio

Elizabeth is a Master Certified Life and Health Coach specializing in women’s wellness in midlife. Drawing from over 17 years in the field and a personal journey that began with a desire to reduce her own health risks, Elizabeth offers a deeply empathetic and knowledgeable approach. Her certifications from The Life Coach School, American Council on Exercise, Precision Nutrition, Metabolic Effect, and Redesign Your Mind reflect her comprehensive expertise. Elizabeth’s passion is helping women navigate the complexities of midlife health, from hormonal changes to mental clarity, with a focus on sustainable, joyful living.

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Mentioned in This Podcast Episode

8 Basic Habits that Healthy People Do

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Best of The Retirement Wisdom Podcast – On Wellness

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Wise Quotes

On Investing in Your Health Now

“Since we’re talking about health, I think that when we think about investing in our health, we see it actually as an expense. We don’t see it as an investment because typically when we’re looking at diets or workout programs or things like that, they’re really short-term solutions. And what I want to do is I want to reframe that. I want to change the narrative around our health so that we’re thinking about how do I invest in my health? Because when we really think about it, when we’re thinking about retirement, when we’re thinking about financial freedom in our retirement, we don’t want to be spending money on medication. We don’t want to be spending time going to the doctor. We don’t want to be spending money on insurance premiums. …Taking care of your health doesn’t help you live longer. It helps you to live more independently and to live better as you age. And so if you can live and not need medications and live independently in your home right now, versus going into some sort of assisted living facility, that’s all going to save you money. And so taking care of your health today is one of the best investments that you can make in your future, especially in retirement.”

On Starting Small

“Especially at the new year that if we need to or if we want to exercise five days a week, and our normal rule is to exercise for an hour a day, you do not need to exercise five days a week, or if your normal rule is to exercise for an hour a day, you do not have to exercise for an hour a day. You can start exercising, go for a walk for 15 minutes, go for a walk for five minutes, and do that for a while. Now, here’s why this works. It works because it creates the habit of, or the skill rather of self-trust. Many of us, when we start a commitment to our health, there’s something in the back of our heads that’s like, yeah, but are you going to keep doing this? You’ve never been able to do it before. That little mean girl or inner critic inside of our heads, it’s like full of self-doubt….So what I like to do is I like to start with five minutes, 15 minutes, whatever is like a no-brainer for you. And so the reason that we do this is so that we start with creating this skill of self-trust, which is making a commitment to yourself and then following through. And then as you are able to do that longer and longer and longer, you can start adding to it.”

On Displacement

“I like to work on the idea of what’s called displacement, which means the idea of adding things to your diet, adding things to your day so that you crowd out the things that you don’t want. So instead of saying, I’m not going to eat sugar anymore, say I want to eat three servings of vegetables a day, or four servings of vegetables a day. What happens then is then we’re not as hungry for the sweetss and the breads and the things like that that we know that we shouldn’t be having as much of.”

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About The Retirement Wisdom Podcast

I help people who are retiring, but aren’t quite done yet, discover what’s next and build their custom version of The Multipurpose Retirement.™A meaningful retirement doesn’t just happen by accident. It takes more than a vision.

Schedule a call today to discuss how The Designing Your Life process created by Bill Burnett & Dave Evans can help you make your life in retirement a great one on your own terms.

About Your Podcast Host

Joe Casey is an executive coach who also helps people design their next life after their primary career and create their version of The Multipurpose Retirement.™ He created his own next chapter after a twenty-six-year career at Merrill Lynch, where he was Senior Vice President and Head of HR for Global Markets & Investment Banking. Today, in addition to his work with clients, Joe hosts The Retirement Wisdom Podcast, which thanks to his guests and loyal listeners, ranks in the top 1 % globally in popularity by Listen Notes, with over 1 million downloads. Business Insider has recognized Joe as one of 23 innovative coaches who are making a difference. He’s the author of Win the Retirement Game: How to Outsmart the 9 Forces Trying to Steal Your Joy

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The views and opinions expressed by guests on The Retirement Wisdom Podcast are solely those of the guests and do not reflect the opinion of the host or Retirement Wisdom, LLC. The Retirement Wisdom Podcast primarily covers the non-financial aspects of retirement. From time to time we may invite guests who discuss other aspects of retirement planning, solely for educational purposes. Listeners are advised to consult qualified financial and/or medical professionals on those matters.