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Published on October 29, 2018

How to Change Your Life at 60 Years Old and Feel Proud of Yourself

How to Change Your Life at 60 Years Old and Feel Proud of Yourself

Ever heard the phrase 60 is the new 40? While that maybe an exaggeration, it’s meant to highlight the very real phenomenon of our ever increasing health and longer lifespans.

For the average person who turned 60 in 1970, they could expect to retire at age 64 and live to age 70.8. For someone who turned 60 in 2010, they can very easily work throughout their entire 60’s and expect to live to at least 78.7 years old.[1] With the advances in modern medicine, lower rates of smoking and generally healthier lifestyles, our active and productive years can expand well into our 70’s and beyond.

How we choose to use this “extra” time will be determined by our current situation and our priorities for the future.

For some, their 60’s are a time to kick back and relax. They have worked for 30+ years, lived below their means and diligently saved money for retirement. They may also have sold a successful business, or been able to retire from a (increasing scarce) job that had a good pension.

For others, the prospect of retirement isn’t even a thought. Whether it’s a case of financial reality or just the psychological need to be productive, a continuing presence in the workforce is a reality for more and more of the 60+ crowd.

So how to change your life at 60 years old and feel proud of yourself?

Changing Priorities in Your 60’s

For most us us, our priorities change as we get older. Living for parties and excitement, what use to be called “working for the weekend” slowly gives way to working on the weekend and eventually working towards retirement.

By the time we hit our 60’s, a lot of us are looking to slow down. Health issues, either our own, our spouses or parents often come into play at this time in our life. This combined with having (hopefully) grown children, a paid or nearly paid off home and bit of savings in the bank. This means that you can start to trade long hours and stressful work situations for a more flexible schedule and more leisure time.

The key to making a successful life change in your 60’s is being prepared for both the mental and financial challenges you are likely to face.

Understanding the Psychological Challenges

Any major life change comes with its own set of psychological challenges. When that change takes place in our 60’s. there are some very specific psychological issues to be aware of.

Some of these issues are apparent and we easily recognize them. For instance, we’ve all heard someone say “When I retire, I don’t know what I’ll do with all that time on my hands”. While other challenges are more subtle and harder to quantify such as depression and anxiety.

While not everyone suffers with all or even most of them, here are come common psychological issues to be aware of:

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Anxiety

Even positive life changes can cause our anxiety levels to increase. Humans are creatures of habit. We develop routines that make our lives predictable and we rely on that predictability to give us comfort.

Now imagine that after 30+ years of having a relatively stable and routine job, you suddenly retire, get sick, or find yourself out of a job. The routine that you have relied upon to give you a sense of normalcy is suddenly gone.

In humans, the natural response to any major life changing event is an increase in anxiety. Symptoms and severity will vary from person to person, but you should always expect your anxiety levels to increase with any major life change in your 60’s.

What can you do about it?

Establish a new routine to replace the old one, this is the reason we have hobbies!

Gardening, golf, tennis, volunteer work all can help to get you back into a comfortable routine.

Helpful hint: Pick a hobby that has both a physical and social component to it. Both physical and social activity will help to lower anxiety levels.

Depression

Even the most happy-go-lucky of us become susceptible to depression during a major life event. In fact, when retiring, changing careers or even striking out on a new business adventure, both anxiety and depression can go hand in hand.

You may find yourself with a lot of excess “nervous” energy that you would have used at your job to meet deadlines and get things done. On the other hand, you may find that you have no energy and all and it’s tough to even get out of bed.

While everyone experiences everyday or “normal” bouts of anxiety and depression, it becomes a problem when these episodes become severe, or last longer that a few days.

At that point, it turns into a serious life threatening situation. It’s recommended that a person seeks medical help if they experience any of the following symptoms:

  • Feelings of extreme sadness, emptiness or hopelessness that seem to envelop you.
  • Angry outbursts, irritability or frustration, especially over small or normally insignificant matters.
  • Loss of interest or pleasure in activities that use to give pleasure, such as sex, hobbies or sports.
  • Sleep disturbances, including insomnia or hypersomnia (sleeping too much).
  • General tiredness or malaise, so that even small tasks seem to take a lot of effort.
  • Unusual changes in appetite, rapid weight loss or gain.
  • Slowed or delayed patterns of thinking, speaking or body movements.
  • Constant feelings of worthlessness or guilt, fixating on past failures or self-blame
  • Trouble thinking, concentrating, making decisions and remembering things (more than normal).
  • Frequent or recurrent thoughts of death, suicide or suicide attempts.
  • Unexplained physical problems, such as back pain, headaches or stomach ailments.

Dealing with the Financial Challenges

There are very unique financial considerations to take into account when making a major life change in your 60’s.

Depending on your situation, you may find yourself having to come to terms with a completely new relationship with money. Whether retiring, changing careers or starting your own business, chances are your income is going to take a hit.

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Part of making a successful life change at 60 is anticipating and planning for these events so you don’t get blindsided. The following is a list of general recommendations that everyone in their 60’s should consider.

1. Get aggressive about paying off debt

Especially credit card debt, it’s almost always at a high interest rate and, without any tax advantages, it just makes all of your purchases more expensive.

So if you are still carrying balances on your credit cards every month, it’s time to get those paid off.

Start with the credit card that has the highest interest rate, and then work your way to the card with the lowest rate.

These tips on How to Nix Your Credit Card Debt in Less Than 3 Years can help you too.

2. Pay off the house

If your home isn’t paid off already, after paying off credit card debt, this should be the next goal. It’s much less stressful going into a situation where you’ll have less income if your house is paid off.

You’ll not only reduce your expenses by not having a mortgage payment, but you’ll also have the piece of mind that comes with knowing that your home isn’t going anywhere.

3. Make a budget

No matter what kind of change you make in your 60’s — career change, retirement or becoming a entrepreneur, both your income and expenses are going to change.

Things like the cost of commuting, wardrobe expenses, credit card and mortgage payments are likely to be reduced. You’ll still need to budget for things like home repair and maintenance (how’s the AC unit or the roof?). Car maintenance and even replacement.

And don’t forget about leisure and entertainment expenses, after all, we all need to enjoy life. As a general rule, 30% of your budget should be allocated to leisure and entertainment expenses.

4. Examine and re-adjust your investment portfolio

This is where a good financial planner comes in. While your earlier investment goals were designed to maximize the amount of money in your retirement account. At this point in your journey, the goals have changed to providing you an income for the rest of your life.

You also want to protect the principal from unnecessary risks so it lasts as long as you do. A good financial adviser can help you make the change from a growth orientated investment strategy into more dividend or income producing assets for your golden years.

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5. Consider a change of address

Depending on where you live, moving to a new state might make financial sense. High tax states not only can zap your resources faster than states with lower taxes, but can often times make you get much more “bang for your buck” by moving.

Things like housing, personal property, sales and gas taxes can all add up to a significant savings in a low tax state. Places like Texas, Arizona, Nevada and Florida all have an influx of people migrating from the higher tax states on each coast.

6. Reexamine your insurance needs

A good experienced insurance broker is your best asset when tackling this task.

Do you still need that disability policy to cover your mortgage in case you get hurt? Or could you take that money and buy an annuity that would give you some extra income? What about the cash value of your life insurance?

Walt Disney used the cash value of his life insurance to start Disneyland.[2] Even your car insurance needs to be reevaluated. You can often times save money through good driving and senior discounts as well as eliminating your commuter miles.

Talk to your insurance broker to maximize the benefits and minimize the costs of insurance.

7. Consider becoming an entrepreneur

Roughly 1/3 of people in their 60’s decide to strike out on their own and be their own boss. And why not?

Children are (usually) out of the house, household and credit card debt is likely to be low, most people have some savings by this point in their life and often times they are at the pinnacle of their career.

With the prospect of any further career advancement unlikely, many see this as the perfect time to start their own business.

Now ideally, if you’re going to start a business, you should start 2-3 years before you plan on retiring. This will give you a chance to become established, build your network and income stream all while maintaining the benefits of your current job.

But even if you didn’t start early, you can still become a successful entrepreneur, in fact, studies show that older entrepreneurs are generally more successful than their younger counterparts.

So don’t think that your too old to start something, many successful entrepreneurs started businesses later in life. People like Ray Kroc (McDonald’s), Harland “Colonel” Sanders (Kentucky Fried Chicken), Walt Disney, Charles Flint (IBM) and many more. The only person telling you that you can’t do it is you.

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It’s never too late to start your business! Here’s the proof.

8. Consider becoming a consultant

If you don’t feel the bite of the entrepreneur bug, but still want to stay connected and earn money. How about becoming a consultant?

After 30+ years working in an industry, you’ve built up a world of knowledge, contacts and experience. All of which is useful and has value.

Doing consulting work allows you to have control over your schedule and, once you are established, it can provide a significant source of income.

9. Get a part-time job for more than just the money

Both entrepreneurship and consulting can take a lot of time and effort, but picking the right part time job can cut your expenses and give you a little spending money.

What are your hobbies? Do you like to golf? Become a marshal on your local golf course. Most courses will pay you a modest hourly rate and let you golf for free.

How about gardening? A part time job at your local nursery will not only provide you with pocket money, but also a discount on plants.

Whatever your hobbies or interests, there’s a part time job out there for you.

Conclusion

Whether you are changing careers, starting a business or retiring, big life changes are by their very nature stressful.

The great thing about being older is that we have the advantage of experience. We’ve been though other life changing events and can anticipate some of the issues we’ll face.

Becoming well informed, getting prepared and making a plan will insure that you can change your life at 60 years old and feel proud of yourself.

Featured photo credit: Ian Schneider via unsplash.com

Reference

More by this author

David Carpenter

Lifelong entrepreneur and business owner helping others to realize the American Dream of business ownership

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Published on November 12, 2018

10 Strategies to Keep Moving Forward When You’re Feeling Extra Stuck

10 Strategies to Keep Moving Forward When You’re Feeling Extra Stuck

We have all felt stuck at some point in our lives. Perhaps you feel stuck right now.

Maybe you’re feeling a little stuck working on a creative project, like writing an article or painting a piece of art. Perhaps you started a new business, took on a major project at work or began a new health or fitness regimen.

Your initial excitement has worn off and you’re now feeling stuck, confused or overwhelmed by how to keep progressing forward. Or maybe, you’re a lot stuck. You feel trapped in a job you hate, a relationship that isn’t working, a boatload of debt, or a life that has little resemblance to the one you’d imagined.

Let’s be honest. Regardless of how stuck you are, it’s a terrible feeling. Feeling trapped and unsure how to move forward can lead to feelings of, confusion, angst, hopelessness, insecurity and overwhelm.

Sometimes we just want to throw in the towel and give up. But don’t give up just yet.

Whether you feel just a ‘little stuck’ or like you’re stuck in dry concrete; trying to make a small or big decision; wondering what you’re doing with your life), feeling trapped in a job, overwhelmed by debt, unhappy in a relationship or life that isn’t the one you want to live, these 10 strategies can help you move forward again.

1. Take a step back

Your first step forward when you feel stuck is to take a step back. Often, we try to get unstuck by pushing forward with sheer force or just trying harder. But as Einstein said,

“No problem can be solved from the same level of consciousness that created it.”

Access a different level of thinking by assessing your current situation from a new viewpoint. Whenever I’m working with clients who feel stuck, this is the first thing I ask them to do.

I have them think about where they are, what got them here and what they really want. When you step back from your life, career, and challenges and look from a bit of a distance, you see things from a different perspective.

Your Turn:

Imagine you are lost in the woods. You could keep moving forward looking for your way out. You could panic and go in circles. You could head back the way you came. You could, as I learned in camp, just sit still until help arrives.

Imagine instead that you could stop, take a deep breath and zoom out from your situation. Imagine you could fly above it all as if you were in a helicopter and look down at yourself among the trees.

What could you see or notice differently from this perspective – a different route, people there to support you, the way out is closer than you thought?

Another way to ‘zoom out’ is to look at your situation as a neutral observer. Imagine you’re a fly on the wall watching your life. What insights or advice would you give yourself?[1]

2. Get specific

It’s hard to move forward until you fully understand why you are stuck. You have to get specific and identify what’s really going on. You must name it to tame it.

A great mentor of mine once said,

“A well-defined problem presents its own solution”.

If you want to find a solution, you must truly understand the underlying problem. This is one of the premises of coaching. When you dig a little deeper to the real issue/challenge/blockage, solutions tend to present themselves.

For example, there are big differences between, ‘I feel stuck’ and ‘I feel stuck because I’m overwhelmed with the details’ or ‘I feel stuck because I’m worried what people are going to think of me.’ Once you name it, you are more likely to be able to tame it.

One of the most important questions I ask clients is, ‘What’s getting in the way?’ When they answer, the next question is always, ‘What else?’ We continue along this route until we feel we’ve gotten to the real, underlying issue(s).

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Your Turn:

Seek to uncover the underlying issues that are getting in your way and stopping you from progressing. You can do this by journaling, talking to someone who knows you well, or simply taking the time to ask yourself these questions.

Once you name it, perhaps the solution will then present and tame itself.

3. Reconnect to your ‘why’

Feeling stuck is often because you’ve lost sight of the bigger picture and what’s important. You’ve lost your why.

Why did you start this in the first place? What reasons, values or passions drove you to make this change in your life? What picture do you have for yourself, your business and your life? Why are you wanting to achieve or accomplish this?

By reminding yourself of your original intention and purpose, it gives you the intrinsic motivation to get back on track and move ahead.

Connecting to your deeper ‘why’ will be the fuel that keeps you going, even through tough times and roadblocks.

Your Turn:

Whatever you’re stuck on right now, grab a journal and ask yourself, “Why is this important to me?” ,”Why did I start this in the first place?” “What am I trying to achieve here and why is that important to me? “

4. Brainstorm Your Options

We often feel stuck because we don’t see any way out from our current situation – we feel we don’t have any options.

By brainstorming ideas and possibilities, you expand your mind and open your thinking to finding a new solution. When you can see potential options, you won’t feel so trapped anymore. 

This is not about deciding the one thing or making the right choice, it’s about allowing your creative mind to expand and see all the potential possibilities. We often dive straight into finding the right one and eliminate anything that doesn’t feel perfect.

That’s why so many people feel stuck. They are attempting to find the next right career, the best way to handle a situation or the one perfect idea. This can lead to a lot of stress and analysis paralysis.

The reality is that there is no single best or right. There are many possibilities that could work for your situation. It’s about the next step right now.

If you hate your career, what new potential careers are on your mind? List them all out – even the ones that seem unrealistic or silly.

If you’re unhappy in your relationship, what can you do? There are likely a lot more options than you’ve considered. What are they?

Your Turn:

Make a list of options for your current situation – as crazy or ‘out there’ as they might be.

When you think you’ve thought of everything, ask yourself, ‘What other options are there?’ This allows you to dig deeper and see ideas you might not have otherwise explored.

Then, and only then can you start to identify the way forward.

5. Take a brain break

Full disclosure, I’m stealing this strategy from my 7-year-old daughter’s second-grade teacher.

The other night I was helping my daughter with homework, she was getting super frustrated and wasn’t sure what to write in a letter to her big buddy. She was on the verge of tears when she looked up and asked, ‘Mom, can I take a brain break?’ She got up from the table, walked downstairs to her room and played with her stuffed animals. When she came upstairs a short time later, she was as happy as could be and jumped right into her writing.

We could all use a brain break when we’re stuck. A chance to shift focus gives our brains a chance for quiet; it takes the pressure off so we can come back with a fresh mind and new perspective.

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When we take a brain break, it refreshes our thinking and helps us discover another solution to a problem or see a situation through a different lens. The brain break actually helps to incubate and process new information.[2]

A great brain break is to do something physical that gets you in flow. Take a hike, a run, a walk around the block. Another well-known brain break is meditation – which has so many proven benefits I can’t even begin to name them all. Try it, it works.

I have one friend who says taking a shower helps her get unstuck. ’Somehow good thoughts come up in that silent space.’

Your Turn:

What kind of brain breaks can you give yourself? Which would be most helpful?  It’s not just for second graders anymore.

6. Let go of what’s not working

Have you ever walked through the mud and had your boot get stuck and your foot fly out? When this happens, you usually have two choices: either put your boot back on and keep plodding through, repeating the frustration as it continually gets stuck, or you can take off that boot and move forward.

The same is true in life. When we get stuck, we often stay in the mud and try to drag our boot along. We keep doing what’s clearly not working. The boot represents limiting beliefs, old habits, or stories you’re telling yourself.

Remember in the movie “UP” when Mr. Fredricksen is trying to get his house to fly? It was too heavy. He had to dump out his belongings until the house was light enough to lift off.

Same is true here; you’ve got to get rid of the emotional baggage you’re carrying so you can move forward and fly.

Take my client *Lucy for example. She was stuck trying to figure out what she wanted next in her life and career. She was having trouble finding a job she was interested in. Through our work together, we uncovered that Lucy had an interesting belief: that having a job and being happy were mutually exclusive.

She believed she couldn’t have a job and be happy at the same time. This meant she was either going to be jobless and joyful or employed and miserable. In order to move forward in her career search, she needed to take off this ‘boot’ and believe she could find a job where she could, in fact, be happy.

Your Turn:

What’s holding you back? An old habit, limiting belief or story you are telling yourself? How can you reframe your thinking in order to change the direction you are headed?

7. Know what you need to get unstuck

We all have a way in which we operate that is unique to us. When you understand how you’re wired, you can understand more specifically what you need to get unstuck. It’s like your own personal formula for moving forward.

For me, I need a crystal-clear picture of what I’m trying to achieve and a big, tangible goal to reach for.  When I don’t have a clear picture of the end result or challenging target I’m trying to hit, I feel stuck and demotivated. 

Here are some common needs: 

Astep-by-step plan, to understand why something is important, deadlines and impending pressure, unconditional encouragement and support, to think things through, connecting to a deeper meaning, freedom, and flexibility, and certainty.

Do you relate to any of these?

Your Turn:

What do you need to get unstuck? If you’re not quite sure, you might want to check out the I.D.™ (Instinctive Drives™). It’s a tool I’ve used for almost 20 years (and have all my clients take). It helps you understand what you need to be at your best, including what will help you get unstuck.

8. Shift your state

When you’re in a stuck state, it actually creates a cycle of ‘stuckness.’ Get yourself out of there!

Instead of placing all your focus and energy on the problem, shift your focus and energy to another area of your life. Go do something that brings you joy; spend time with someone you love.

Do anything to shift your state and mood. This will switch your downward cycle of ‘doom and gloom’ into an upward cycle of ‘hope and possibility’.

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A great way to shift your state is to practice gratitude. So, you hate your job. Practice gratitude for other areas of your life. Does it support your family? Allow you to work remotely?

I’m not saying you should stay in a job you hate, I’m just recommending that you get perspective. A state shift brings energy, hope, and positivity into your mindset…keys to getting out of that dreaded stuck cycle.

Your Turn:

What always puts you in a good mood? What brings you joy, happiness or fulfillment?   Do it! And make sure to practice gratitude. Try this: each morning for the next week, write down three things you are grateful.

9. Take action

Getting into action is critical to getting unstuck. There’s no substitute for momentum. Action enables further action, while inactivity creates inertia, self-doubt, and confusion.

I love this quote from Simon Sinek:

‘If we think of everything we have to do, we feel overwhelmed. If we do the one thing we need to do, we make progress.’

My client *Marcus had just made a career move and was setting out to start his own wellness business. The biggest problem getting in his way? Inertia.

The more he thought about what he was going to do, the bigger the endeavor began to feel. The more he explored the risks, challenges, and his extensive to-do list, the more he felt overwhelmed. He was stuck. 

However, once he took action, starting with quick wins, he gained momentum and was able to move forward and tackle bigger and more challenging steps. Once he broke through his inaction, he was on a roll.

My grandfather always told us: a path leads to a path. We can’t know what the future holds and trying to figure out everything before we start is a recipe for disaster.

Know that a path will lead to a path, a step will lead to the next step, but you have to start walking first. 

Your Turn:

What’s the next step you can take to move forward? Where is there a quick win?

When you think about your first (or next) step, keep it small and achievable to get the momentum going.

10. Reach out for help

This summer, my Dad took his new truck and my twin daughters on a trip to the Oregon sand dunes. Only a few minutes into the adventure, they got really stuck. They tried shoveling sand and getting out on their own, but they couldn’t. Nearly an hour later, (which felt like an eternity stuck in the middle of a pelting sandstorm), a little dune buggy came along. My Dad’s truck was six times its size, but all they needed was a little pull. They hooked up the wench and within minutes, they were free.

We can all use a little help when we’re stuck. This might be talking to a good friend who knows and understands you or reaching out to get advice from someone who’s been in a similar situation to yours.

Maybe it’s hiring a coach who will ask powerful questions to help you see things from a different angle, a therapist who can uncover hidden roadblocks or a consultant to share opinions and experiences.

When you’re on your own, it can feel hopeless, overwhelming and just plain impossible. But, just a little push or pull from someone can quickly change your trajectory.

While this may seem like one of the easiest strategies, it is actually one of the hardest to do. Why? Even though we are biologically wired to help each other, many of us find it challenging to reach out.

There’s a reason for this:[3]

‘Asking for help exposes us to numerous possible social threats, which is why it’s so uncomfortable. It can feel like a tacit admission of weakness, which lowers our status, and can be an invitation for scorn. It creates uncertainty, and invites the possibility of rejection.’

Your Turn:

Who is your dune buggy? Who can you reach out to ask for help right now?

Not ready to reach out to someone just yet? Maybe you can try asking the universe. Some call this prayer, others spiritual guidance,  others faith.  Whatever you call it, reach out to someone, somewhere, somehow…now.

Afraid to ask for help? Here’s how to change your outlook to aim high!

Bonus: When all else fails, be patient

Sometimes when we’re stuck, we just need to practice patience. Patience that the answer is coming; the shift is going to happen. Patience that you’ve done all that you can and now, it’s time to wait and see what comes back to you.

I’m not suggesting you wait for months or years; but sometimes we expect things to change quickly, yet things take time. This is especially true for big life decisions and transitions or when there are others involved, like your relationships or job.

I love the line from Max Ehrmann’s’ Desiderata:

’…whether or not it is clear to you, no doubt the universe is unfolding as it should.’  

Trust the unfolding and know that sometimes it may take a little longer than you’d like.

There’s usually a good reason, even if you can’t see it. Maybe it’s not time to move forward or make changes just yet. Maybe you don’t have all the information you need, and when you do, you’ll quickly make progress. Maybe you’re actually stuck where you need to be right now.

When I was in my most recent major career transition, feeling stuck and wondering if I would ever figure out my next step, this quote from Chinese Philosopher Lao Tzu was exactly what I needed:

‘Do you have the patience to wait until your mud settles and the water is clear? Can you remain unmoving till the right action arises by itself?’

Stay strong. Be patient. The more stuck you are, the greater the freedom will feel.

You’re going to be okay. It won’t always be like this. Keep putting one foot in front of the other. Hang in there and trust the process. Your breakthrough is coming.

Final Thoughts

Which of these strategies feel like they will work best for you and your current stuck situation?

You don’t have to use all of them, it just takes one.

Remember, any movement, momentum or shift will help get you unstuck and moving forward again. Besides, it’s never too late to start things over! Here’s the proof:

How to Start Over and Reboot Your Life When It Seems Too Late

Featured photo credit: Michał Parzuchowski via unsplash.com

Reference

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