Episode 140
Have You Planned Your PRE-tirement Yet?
Matt Franklin is a marketing professional, a video producer, and a serial entrepreneur. Producing corporate sales/training/marketing videos is his bread and butter, and he has been fortunate to work all over the world with smart people and great companies. Matt has invented and co-invented multiple products, including PostureNOW, which earned a Shark Tank appearance and has become a multi-million-dollar selling product.
He's been studying retirement for a while now and has come to the resounding conclusion that entrepreneurs simply do not think about retirement at all. They seem to have some misguided belief that their business is either going to carry them through retirement or they're going to be able to sell it and the profit from that sale will tide them over.
He started his own podcast, The Rogue Retirement Lounge, so he could change that point of view. His show is a retirement planning show specifically for entrepreneurs and self-employed people.
He's a firm believer in having a side hustle, to help you along before retirement, but also to help you out afterward. You never know when you might need some extra cash.
He's developed a business plan for retirement that includes three phases:
- Action Years - you're able to travel, physical ability is high
- Settling Down Years - age is taking its toll, maybe your hobbies are closer to home now, easier on the body
- Dependent Years - have to look seriously at long-term care, in-home assistance, family longevity
Check Matt out at rogueretirementlounge.com
