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Most people assume retirement requires making huge amounts of money. But what if the real secret is discipline, consistency, and smart financial habits over time? In this episode of The Middle Class Podcast, Moshe Alpert sits down with Dovid Goldfarb, who shares how he successfully planned for retirement after more than 40 years of work. They discuss the habits that allowed him to retire comfortably while supporting a family, avoiding debt, and maintaining financial stability. From saving early and investing consistently to avoiding lifestyle inflation and planning for a meaningful retirement life, this episode offers practical wisdom for anyone thinking about their financial future. Whether you're early in your career or approaching retirement, these lessons can help you build long-term financial security. ⏱️ Chapters 0:00 – Why people stress about leaving money to their kids 0:42 – Introducing Reb Dovid Goldfarb 1:50 – What retirement life actually looks like 2:24 – Why you need a vision for retirement 3:06 – Early career decisions and financial discipline 6:00 – The most important rule: don’t spend more than you earn 7:52 – Buying a house within your means 10:25 – Why discipline determines financial success 12:46 – Saving money from the first day you work 13:56 – Why financial advisors can be valuable 16:23 – Career growth and responsibility 18:29 – Time discipline and balancing life priorities 22:23 – Raising children while managing expenses 24:55 – Why credit card debt can destroy your finances 29:39 – Why life insurance is essential for families 31:30 – Long-term care insurance explained 33:34 – Investing strategies and working with professionals 37:42 – Living within your means during retirement 40:03 – Why retirement requires purpose 43:33 – Finding fulfillment through learning and giving back 45:15 – Social Security strategies 50:00 – Final retirement advice 🧠 Key Lessons From This Episode • Retirement planning starts on your first day of work • Living within your means is more powerful than earning more • Avoiding debt creates long-term financial freedom • Consistent saving and investing compounds over decades • Retirement should include purpose, not just money 👤 Guest Dovid Goldfarb After decades in business leadership, Reb Dovid retired with the ability to dedicate his time to learning, family, and community. His experience offers valuable insight into the habits required to build financial stability over a lifetime. 💼 Host Moshe Alpert, CLU®, CFP®, ChFC®, RICP®, AEP® Founder & CEO of Ceremian Financial, helping families turn complex financial decisions into clear financial plans built on values and real numbers. 🔗 Connect With The Podcast 📧 Send questions to: [email protected] ⭐ Leave a review on Spotify or Apple Podcasts https://open.spotify.com/episode/0zELkpi3ZbW6TYKpAXhn40?si=r4hkEhw_SY6Evz3y61J6Og 🎧 Subscribe for more conversations about money, financial planning, and middle-class life. 🎬 Production Produced & Edited by BIG Productions – Gidon Orman 🎙️ Contact [email protected] 917.579.9895 📌 Hashtags #RetirementPlanning #MiddleClassMoney #PersonalFinance #FinancialAdvice #FinancialPlanning #MoneyHabits
