Lessons Learned After 5 Years of Early Retirement + Post Pandemic Small Business Update for Canadians

Lessons learned after 5 years of early retirement

Today we’re going to have a two-part episode. Part 1 will be about the lessons that I’ve learned after being either fully retired, or semi-retired for the past 5 years.

I definitely made some mistakes both during retirement and leading up to retirement; things that I definitely would have done differently if I were to do it all over again. I hope that by sharing these lessons, it’ll help you avoid them on your financial independence and early retirement journey, as well as give you some insights on what it’s been like to actually live off an investment portfolio as opposed to being reliant on a job.

Part 2 of the episode will be some useful information for all the current and future Canadian small business owners out there:

As COVID-19 restrictions loosen in many parts of the country and world, consumers are thinking differently about their needs/wants. During the pandemic, new habits and practices were formed, and altered how people do business.

For small business owners, it also meant many changes along the way. In the interview, we tackle which of these practices are here to stay because they offered a good client experience? What types of businesses and experiences will Canadians seek out in a post-COVID economy? And what about the businesses that launched during the pandemic – what’s next for them?

Resources:

Join Our Free Live Retirement Planning Strategies Webinar:

The free live webinar and Q&A on Retirement Planning Strategies is on November 24th, 2021 at 1 pm EST. You can sign up for free at buildwealthcanada.ca/retirementwebinar

If you’re seeing this after the event has already taken place, you can still go to the link above to get the recorded version of the webinar. 

Definitely join us live though if you can as that way you can get your questions answered, plus we’ll be giving away prizes during the webinar but you have to be on the live webinar to be eligible. 

Excellent Resources for Canadian Small Businesses: 

As mentioned in part two, this RBC page has some really useful education and free resources for Canadian Businesses, and they’ve partnered up with other businesses to get you additional discounts and bonuses. You can access all the information for free here: BuildWealthCanada.ca/rbc

Free Assessment Call for Financial Coaching:

The free assessment call mentioned in the episode is available here: buildwealthcanada.ca/call. This is part of the coaching program that I am currently going through with Enriched Academy.

Questions:

Part 1 on retirement planning on this month’s episode was a solo show so there are no questions for that. But, for part 2 of the episode titled “Post Pandemic Small Business Update for Canadians”, here are the questions that we covered in the interview with Don:

  1. What pandemic-related small business trends do you think are here to stay in the post-COVID economy?
  2. We’ve seen entrepreneurship and entrepreneurial aspirations trend up through the pandemic. Why do you think this is?
  3. And while the experience of the small business owner has varied quite a bit over the pandemic, it’s fair to say that it has been a wild ride for many. What are some of the challenges that you see small business owners facing as they look to the next year?
  4. And what about those businesses that started during the pandemic? Will they survive? 
  5. So many of us shopped at or support small businesses in new ways (online, curbside pick up, etc.). Are those practices here to stay? Or do most prefer to get back to in-person shopping?
  6. The pandemic has forced many Canadians to think more about where they spend their money. Will consumers continue to seek out businesses that align with their values? 
  7. What advice do you have for current or aspiring small business owners?
  8. Beyond banking, are there other services RBC offers to Canadian entrepreneurs to make owning and running a business easier?

In Closing:

If you enjoyed the episode, please take a moment to leave a review and rating on iTunes by clicking the “Listen on Apple Podcasts” button at this link.

If you have any tips, suggestions, or comments, please be sure to leave a comment in the section below. I read all responses and look forward to hearing from you.

Also if you liked the episode please share it using the social media buttons and sign up for free here to receive all new episodes as they get released, news on giveaways, and the free guide on the Top 5 Personal Finance and Productivity Tools here in Canada!

I’m looking forward to hearing from you.

Kornel

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