They advised Lyndsay that, with limited time left, understand what you enjoy doing, and change course when you find yourself doing something you don`t enjoy.
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In a number of experiments with older adults, Danielle has found that walking is the most popular exercise, but only 7% walk fast enough to boost their heart rates and get the full benefit of vigorous exercise.
The Canadian Physical Activity Guidelines call for 150 minutes of moderate to vigorous activity per week for boomers. She recommends that people use a heart rate monitor to walk at 55%-70% of their maximum heart rate, or use a simple pedometer to learn to walk over 100 paces a minute. “If you are taking the time to walk, might as well optimize that outing by hitting the target heart rate.”
The banks and investment firms are all saying “save more or else your retirement will be grim”. Their surveys are telling us that Canadians can’t afford to retire. Little wonder #retirement gets such a bad reputation.
And yet, the #boomers are the richest generation in history, so why can’t they afford to retire early?
Reading between the lines, the problem is too much spending.
We boomers are also big spenders — and borrowers.
The high spending lifestyle is unsustainable, except for the wealthiest among us.
Time to bring back the concept of “frugal retiree”.
I met Ralph on a 2 month bike ride in India. He is an excellent example of a frugal retiree living a very full life:
Also worth watching: The Globe and Mail’s Rob Carrick’s video interview on the “Whatever happened to the frugal senior”, focusing on “breaking the consumption habit”.
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