Episode Transcript
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This program provides education, not advice.
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and interviews. See the truthayyf .com disclosure
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page for details. This
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is where technology,
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innovation, and personal finance
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come together. This is
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the truth about your future with
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Rick Edelman. You
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How should you think about
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extreme. risks associated with crypto
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before investing. It's
1:00
Wednesday, December 18th. You're out
1:02
of social setting. You're meeting
1:04
people for the very first
1:07
time. What's a common question
1:09
you ask as an icebreaker? Where
1:12
do you live? How do you know
1:14
the hosts? What do you do? That
1:17
last one, that's a
1:20
really challenging question. We
1:22
need to deal with this. You
1:24
see, for the last hundred years, what
1:27
you do for a living. is
1:29
equal to who you are. Your social
1:31
standing is reflected by your job, your
1:33
income certainly is, your level of education or
1:35
expertise, you tell somebody what you do
1:37
for a living, you're pretty much telling them
1:39
how much education you've got. And
1:41
you're also telling them, by answering what you
1:43
do for a living, you're also telling them
1:45
whether it's really worth their time to even
1:47
just talk to you. Well,
1:50
that is a challenge for
1:52
a lot of people. I mean... For some folks
1:54
this is nothing new State home moms have
1:57
dealt with this forever. but
1:59
now So many
2:01
others are dealing with this too
2:03
because we now have 10 ,000 people
2:05
retiring every day. And if you're
2:07
one of those folks whose adult
2:09
lives have all been centered on
2:12
what you do, you've now got
2:14
to figure out how do you
2:16
answer that question when somebody says,
2:18
what do you do? Stay
2:21
at home dads, career changers
2:23
who are in between jobs, gig
2:25
workers who frankly don't do
2:27
any one thing. They do a
2:29
lot of different things. Baby
2:31
boomers who are forced into retirement
2:33
because of ageism. People who
2:35
got laid off from work. All
2:37
of these folks struggle to
2:39
answer the question when asked by
2:41
a stranger at a cocktail
2:43
party. So what do you do?
2:47
So on the one hand, you need to be
2:49
ready. If you're ever asked
2:52
the question, what do you do? And
2:55
you got to think about this.
2:57
So ask yourself this. What makes you
2:59
happy? You happy
3:01
being a spouse or a parent?
3:03
A hobbyist? You love being a
3:05
volunteer? you love sitting on boards?
3:09
Reframe your answer. Instead of referring to
3:11
a job that you no longer have
3:14
or a career you've left, you want
3:16
to reframe your skills. Don't relate it
3:18
to work, but to some other aspect
3:20
of your life. What do I do?
3:22
I play the guitar all day. What
3:24
do you do? I work out all
3:26
day. What do you do? I play
3:28
golf. What do you do? I volunteer. Reframe
3:32
your skill set. What do you do?
3:34
I love doing puzzles. And then
3:36
take some small steps. Go get
3:38
some new hobbies. Go do new
3:40
things. Go meet new people. And
3:43
you could use that as your
3:45
answer. What do you do? Oh,
3:47
I rediscover. I reinvent myself every
3:49
day. And that will allow you
3:51
to change how you introduce yourself
3:53
to new people. And the next
3:56
time you meet somebody, instead of
3:58
asking yourself, asking them,
4:00
what do you do, you can ask a new
4:02
question. What are you up to
4:04
these days? Or how your day today? Or
4:08
What are you like doing? I'll
4:10
tell you what one friend of mine does.
4:12
He left his job he now spends most
4:14
of his time helping other executives get used
4:16
to not having a job. So when he's
4:18
asked, what do you do? He
4:21
says, I don't do. I used
4:23
to do, but now what I do is help
4:25
people who do do stop doing. That's
4:28
a great ice break. at
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Schwab, how you invest is your
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With award -winning service, low costs,
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and transparent advice, you can
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manage your wealth, your way,
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at Schwab. Visit schwab.com
4:56
to learn more. It's
5:00
hard to believe that it's been 35
5:03
years on the air. I've done more
5:05
than 1500 radio broadcasts over the last
5:07
three decades, more than 500 podcasts in
5:09
the last three years alone, and my
5:11
podcasts are winding down. My last one,
5:13
as I've told you, is December 27.
5:15
I'm so glad you've been with me
5:17
all these years. If you want to
5:19
stay connected with me, be sure to
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join my distribution list. Just click on
5:23
the link in the show notes. I'll
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make sure you continue to get the
5:28
latest that I offer on exponential technologies,
5:30
crypto, Alzheimer's, longevity, investing, all the
5:32
topics that matter most to us
5:34
all. Thank you for being with
5:36
me all these years. I'm looking
5:38
forward to many more with you.
5:40
Please subscribe today so we can
5:42
stay connected. You
5:47
Increased awareness and actionable intelligence
5:49
about the forces that are
5:51
shaping our world. This is the
5:53
truth about your future with Rick
5:55
Edelman. You
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