2. Get Creative

Just because you want to maximize your leisure time, it does not mean you have to maximize the amount you spend on it. Since you no longer have money coming in, get inspired to make the most of the money that is going out.

"One client and his wife loved golf, so they would volunteer for the PGA tour," said Marguerita Cheng, a financial planner in Potomac, Maryland. "They got to play on some of the world's best courses for free. Another client always wanted to visit Africa, so he went on several medical missions."