Scenario: Painting a picture of retirement

Gwen wants to retire to spend more time with her grandchildren, but doesn’t have enough saved. Which choice should she make?


Gwen owns a two-story building that houses her business, an art gallery and frame shop, on the ground floor, with an apartment above. She lives in a condominium in the suburbs. Gwen’s daughter, son-in-law, and one-year old twins have just moved to the city. Gwen is 62 and would like to retire to help care for her grandchildren but doesn’t have enough money saved. Her assistant would like to take over the shop. What’s Gwen’s best choice?
Remodel the building now so she can sell it for a higher price. Invest the money from the sale.

The consequences of your choice

See the consequences of this choice for Gwen and hear what the coach has to say.


Gwen “This strategy was a real mistake. I took money from my savings and investments to pay for the remodel. That meant I had less money earning interest or profits. When the building didn’t sell, I had to cut the price. After I sold it, I didn’t have my regular source of income. Now I’m working half-time for someone else!”
Sell her condo and move into the apartment above the store. Transition the gallery to her assistant.

The consequences of your choice

See the consequences of this choice for Gwen and hear what the coach has to say.


Gwen “This has worked out great. My housing expenses are one third of what they used to be. And by moving to the city, I was able to sell my car, too. That’s a huge savings in both dollars and commute time. Now I can save and invest much more and hopefully retire soon. I’m continuing to work for now but can gradually work less as I train my assistant to take over. Even after I retire, I can still make money by selling my paintings.”
Move all of her savings into stocks with high potential for growth. Sell as soon as their values rise 30%.

The consequences of your choice

See the consequences of this choice for Gwen and hear what the coach has to say.


Gwen “What a mistake! It wasn’t smart to put all of my hard-earned savings at major risk. A few of the stocks went up, but the others went way down. I would have been smarter to cut my expenses and save more but keep my investments diversified.”
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