I saved $3 million but was afraid to spend it when I retired. Here’s how I changed my mindset after being frugal for decades.

During his 40-year career, Scott Scovel saved $3 million for his retirement. But when he retired, he was so fixated on saving that he struggled to start spending. Spending tactics, like a $50,000 “war chest,” helped him adopt a carpe diem approach.