From Passion to Profit

How your hidden talents and interests will make you happy in retirement

Ric Edelman: It's Tuesday, July 18th. Forget about the great resignation. It's now the great reinvention. How do you transition from your current job to your next? You do this best by making lots of tiny steps before you quit your current job, which is a pretty momentous move and filled with trepidation and anxiety and uncertainty about will your next thing work before you quit your job. Just automatically start right now doing your next gig. Start a gig, a side hustle, a hobby. Just try things out. You might spend decades doing this.

That's okay. Just start now. As your kids are getting older, their demands on your time evolve. Fill those gaps. Fill those holes with new activities. You've got a lot of hidden talents. Create a side project, something small that's little cost, little effort or time. Just do one thing. Do it just once. Did you enjoy it? Did you have fun? Do it again. And then again. And again. And again. See if you continue to enjoy it. See if it's something that's captivating you and holding your interest and then try to do it at scale.

First, consider what's possible and then talk to an expert companion, somebody who is already doing what you aspire to do, who could share with you their experiences. They could save you time and money in trouble. Somebody who can help you identify your strengths and interests that you might not even realize you have.

So go on, start a side hustle. Focus on whatever is a passion of yours. Playing the piano, woodworking, spending time with children, you name it. Be open to the unexpected and be ready to have fun. And simply start here. You're aimless, trying to figure out what to do, how to go about it. Start here. What did you do as a kid that you enjoyed doing but you haven't done in years? Go do that again just once. See if you like it and go from there. The great reinvention. That's what we're into next in our 60s and 70s.

-----