319: The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.5 • 3K Ratings

🗓️ 18 July 2022

⏱️ 61 minutes

🔗️ Recording | iTunes | RSS

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Summary

Your financial freedom journey won’t look like anyone else’s. It’s your future, your passion, and your life on the line when trying to hit financial independence. But what are we missing out on during the journey? Are we mindlessly walking towards a “money mirage” where everything in life is perfect and happiness is always abundant, simply because we have more money? Or, is the end of the financial independence journey far less satisfying than it’s hyped up to be? Doc G, from The Earn & Invest podcast, knows about regret. When he’s not recording episodes about residual income, he’s helping hospice patients who are months, weeks, or even days away from life’s end. He knows what it looks like when someone harbors regret about what they should have done. So many of our greatest regrets are caused by not knowing what we truly want to do. The question is, do you know what will actually make you happy? It’s okay if you can’t answer that question right away. In Doc G’s newest book Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life, he gives a concoction of stories, exercises, and thought-provoking metaphors to help you not only reach FI but do so regret-free. In This Episode We Cover Why stepping away from a high-paying career could make financial freedom easier for you Finding what you truly want out of life and how to do so before it’s too late The “mirage of money” that financial independence chasers can’t get enough of Why the “death march to FI” is rarely worth it and what to do if you’re on that path The “three brothers” story that will have you rethinking how you want to reach early retirement What hospice patients regretted most and their advice for those who are healthy And So Much More! Links from the Show BiggerPockets Money Facebook Group BiggerPockets Forums Finance Review Guest Onboarding Scott's Instagram Mindy's Twitter Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Subscribe to The “On The Market” YouTube Channel Listen to The “On The Market” Podcast: Spotify, Apple Podcasts, BiggerPockets Check Out Mindy’s 2022 Live Spending Tracker and Budget Life After FIRE – Case Studies with Scott, Whitney Hansen, and Doc G Earn and Invest Podcast Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Bigger Pockets Money Podcast,
0:02.0	on the 319th, where we interviewed Jordan Grumet,
0:06.0	Doc G, from the Earned in Invest Podcast,
0:09.0	and talk about his amazing new book called Taking Stock.
0:12.0	It's much easier to think about money than to do these exercises
0:16.0	and think about who you want to be.
0:18.0	Money is the low-hanging fruit.
0:19.0	It might not be easy to accumulate money,
0:21.0	but we certainly know the steps.
0:23.0	We know how to side hustle.
0:24.0	We know how to work longer hours.
0:26.0	We know how to ask for raises.
0:28.0	We know how to change jobs.
0:29.0	These are concrete questions with simple solutions,
0:33.0	maybe not easy, but simple solutions.
0:35.0	It's a heck of a lot harder than saying,
0:38.0	who am I?
0:39.0	And what is my purpose in life?
0:40.0	And so we forego that very difficult process
0:44.0	and say, oh, let's think about that worth.
0:47.0	Hello, hello, hello.
0:48.0	My name is Mindy Jensen,
	...

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