361: Advice on Financial Independence, Building Wealth and Living Regret-Free from Hospice Doctor, Jordan Grumet, MD
Retire With Purpose - The Retirement Podcast
Casey Weade
4.7 • 564 Ratings
🗓️ 1 May 2023
⏱️ 72 minutes
🧾️ Download transcript
Summary
Today, I'm talking to Dr. Jordan Grumet. Jordan is an associate medical director at JourneyCare Hospice, a financial blogger turned host of the award-winning Earn & Invest Podcast, and the author of Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life.
In his book, he shares what the end of life can teach us about the secret to financial independence and how to make every moment count. People have so many questions about money, whether it's better to save for the future or enjoy what we have earned today, and we'll discuss some of those age-old questions on today's podcast.
In our conversation, we dig into how death has informed his unique perspective in finance, why the questions so many people ask at the end of their lives are the ones you should be asking right now, and the tactics and strategies you can use to be more intentional about both your money and your time.
GET A FREE COPY OF JORDAN'S BOOK, TAKING STOCK: A HOSPICE DOCTOR'S ADVICE ON FINANCIAL INDEPENDENCE, BUILDING WEALTH, AND LIVING A REGRET-FREE LIFE
Here's all you have to do...
- Step 1.) Subscribe to the podcast and leave an honest rating & review over on iTunes.
- Step 2.) Text BOOK, that's BOOK to 866-482-9559 for a link to our book request page, complete the form and we will ship you the book for free. It's that simple!
In this podcast interview, you'll learn:
- How losing his father at the age of seven informed Jordan's perspective on finance.
- What Jordan learned from talking to hospice patients about their successes, failures, and what they still aimed to accomplish with the life they had left.
- Why Jordan doesn't believe in the YOLO mindset–but has become a lot less anti-YOLO through his work.
- Why net worth almost never comes up when talking to people who have a limited amount time left–and how this shows us what really matters.
- How to create a fixed-time schedule that frees you up to focus more on what matters most to you.
- Why Jordan thinks people who embrace the FIRE movement have the same problems as those who save for 30 years, then can't spend.
- Who to talk to when you need to make end-of-life choices.
Show Notes: Howardbailey.com/361
Rate & Review the Podcast: RetireWithPurpose.com/review
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Transcript
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| 0:00.0 | If you're afraid that you're going to die young and not enjoy your wealth, that tells you |
| 0:05.6 | something about who you are and how you should spend money today. |
| 0:08.3 | On the other hand, if you're like me who's afraid that you're going to live long and run |
| 0:11.4 | out of money, that also tells you something. |
| 0:14.2 | And the reason why we should be thinking about where we fall on that spectrum is each and |
| 0:19.2 | every one of us, no matter how much money we make and no matter how good of a financial framework we build, all of us still have to question every day, should I spend my money now or should I save it for later? Hello, this is Casey Weed, host the Retire with Purpose podcast, where is our mission |
| 0:46.0 | to help others gain clarity and purpose and elevate meaning in your life through personal |
| 0:50.4 | and practical financial strategies. We do that in a couple of different ways. |
| 0:54.5 | Every single Friday, Marshall Johnson, my good friend and I, we get together, and we have a |
| 0:59.1 | discussion around a trending topic. |
| 1:02.0 | And those topics largely come from our weekend reading email, tons of resources, |
| 1:06.4 | got to get that resource, and it's super easy to sign up to get that weekly email. |
| 1:10.3 | Just shoot us a text, |
| 1:11.3 | key letters, W.R to 866, 482-9-559. But then we have these conversations. Every other Monday, |
| 1:20.0 | we are bringing on one of our world-class guests for a long-form interview, where we cover a |
| 1:26.2 | litany of different types of topics that |
| 1:29.3 | pertain to the financial and the non-financial side of retirement and finance. Today, |
| 1:35.1 | we're going to hit on a little bit of both. I think largely we're going to be talking about |
| 1:39.0 | that non-financial side of retirement. And we have an amazing guest from an amazing background, a very |
| 1:46.0 | unique perspective that's going to be able to bring a lot of awesome things into this conversation. |
| 1:51.0 | If you're joining us on Facebook live, I encourage you to drop those questions that you have |
| 1:55.7 | as they pop up throughout the conversation right into the comments section. Those will be served |
... |
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