The Wealth Myths That Keep Retirees Stuck: Lessons from Killing Sacred Cows

In this episode, Carol Dewey takes a hard look at the financial myths that hold retirees back from living with true abundance. Inspired by Garrett Gunderson’s Killing Sacred Cows, Carol exposes the traditional money beliefs that keep investors anxious, reactive, and stuck in scarcity thinking.

From the illusion that “you must take big risks to get big rewards” to the outdated idea that “retirement is the finish line,” Carol helps you reframe wealth through the lens of stewardship, clarity, and confidence.

Key Takeaways:

💡 Myth #1 – “You have to take big risks to get big rewards.”

True wealth isn’t about gambling—it’s about controlling risk and focusing on what you understand. Risk equals uncertainty, not reward.

💡 Myth #2 – “Retirement is the finish line.”

Purpose doesn’t stop at 65. True retirement is about purposeful independence—living with freedom, flexibility, and continued contribution.

💡 Myth #3 – “All debt is bad.”

Used strategically, debt can be a tool for efficiency and growth. The key isn’t debt-free—it’s financially free.

💡 Myth #4 – “Diversify and pray.”

Owning a dozen funds isn’t a strategy—it’s confusion. True diversification means owning with intention and clarity.

💡 Myth #5 – “Scarcity protects you.”

Scarcity thinking creates anxiety. Stewardship builds clarity, efficiency, and purpose-driven wealth.

Carol’s Insights:

• The wealthy don’t chase high returns—they create consistent, intentional returns that align with their lifestyle and peace of mind.
• Abundance isn’t a number—it’s a mindset.
• The goal is not to “retire,” but to stay engaged—mentoring, creating, and contributing.
• Debt isn’t the enemy; ignorance is. When you understand cash flow, leverage, and taxes, you control the game.
• Shift from fear to stewardship: manage what you have wisely so it can serve generations.

From Scarcity to Stewardship:

Scarcity says, “I might not have enough.”

Stewardship says, “I will multiply what I’ve been given.”

When you move from fear to stewardship, your wealth becomes purposeful, your decisions become clear, and your legacy becomes lasting.

Carol’s Closing Thought:“True abundance isn’t about what you have—it’s how well you live with what you’ve been given.Replace fear with stewardship, scarcity with purpose, and hope with clarity.”Resources Mentioned:

📘 Free Download: 8 Key Drivers of Company Value

📅 Book Your Complimentary Lifestyle & Legacy Assessment: Schedule with Carol

💬 Website: www.perpetualwealthfinancial.com

💬 LinkedIn: Carol Dewey

🎧 Listen & Subscribe: Available on Apple Podcasts, Spotify, and YouTube