A Hospice Doctor’s Advice on Making the Most of Your Finances, Relationships and Time with Jordan Grumet, MD

All the Hacks with Chris Hutchins

Chris Hutchins

Business, Education, Investing, Society & Culture, Places & Travel, Self-improvement

4.7 • 1.4K Ratings

🗓️ 24 August 2022

⏱️ 79 minutes

🔗️ Recording | iTunes | RSS

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Summary

#74: Hospice doctor and author Jordan Grumet, joins Chris to discuss making the most of your finances, relationships, and time. They talk about some of the biggest regrets people have at the end of their life, the money mind meld, how to broach difficult conversations with family members in a non-confrontational way, and why time perception work might be more useful than productivity hacks. Jordan Grumet, MD (@jordangrumet) is an associate medical director at Journeycare Hospice. He is also the host of the award-winning Earn & Invest podcast. His new book is Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life. Full show notes at: https://allthehacks.com/taking-stock-jordan-grumet Partner Deals MasterClass: Learn from the world's best with 15% off Inside Tracker: 20% off personalized wellness & nutrition plans backed by science Daffy: Free $25 to give to the charity of your choice Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth Selected Links From The Episode Connect with Jordan Grumet: Website | Podcast Jordan’s Book: Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life Podcasts Mentioned: All the Hacks #40: The Power of Regret, Motivation and Good Timing with Daniel Pink All the Hacks #36: Bucket Lists, Audacious Goals and Living the Life You Want with Ben Nemtim Earn & Invest #266: Only the Most important Hacks with Chris Hutchins Resources Mentioned: Documentary Playing with FIRE Books The Power of Regret: How Looking Backward Moves Us Forward The White Coat Investor: A Doctor's Guide To Personal Finance And Investing Full Show Notes Jordan shares what he’s learned while conducting life reviews with hospice patients (1:48) Living regret-free and learning to live intentionally with purpose and meaning (5:19) The importance of viewing money as a tool and thinking about purpose, identity, and connections (10:31) The story of the three brothers: different pathways toward financial independence (16:11) Putting purpose and identity exercises into practice (19:50) Addressing the money mind meld (27:56) Reassessing the “RE” part of the FIRE movement (31:34) Tools, beyond money, that helps us live a more purposeful and meaningful life (35:09) Building a stable financial plan through multiple revenue streams (38:25) Hacks to build the saving and frugality mindset into your daily life (43:41) Leaving a positive impact after you pass away by using financial legacy and/or medical legacy documents and ways to broach conversations in a non-confrontational way (49:25) Simple things that are commonly missed while legacy planning (58:09) Exploring the “one more year” and the “what if” syndromes (59:32) Thinking about time perception in a well-rounded life (1:02:23) Routines and strategies to optimize your time (1:06:30) Learning to let others set the pace (1:09:47) The importance of modeling the behavior you want to see (1:11:18) Teaching money management and budgeting with the yearly allowance technique (1:13:33) Jordan’s family-bonding travel recommendation (1:16:02) Where to find Jordan Grumet online (1:18:21) Connect with All the Hacks All the Hacks: Newsletter | Website | Facebook | Email Chris Hutchins: Twitter | Instagram | Website | LinkedIn

Transcript

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0:00.0	A quick word from our sponsor today.
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0:22.9	and my next trip to Disney, which I know is coming soon with two young girls.
0:27.8	They also break down the latest financial headlines so you can make smart financial decisions
0:32.1	in a world that's constantly changing.
0:34.8	Weekly financial check-ins with Smart Money can help you spend more time doing what matters
0:38.8	and less time worrying about what doesn't.
0:41.4	You'll get the clarity you need to make smart decisions without all the stress.
0:45.2	Plus, they keep their episodes short and sweet, so it's easy to add to your weekly rotation.
0:50.7	Smart Money is such a great way to get even smarter about your money.
0:54.8	Hello and welcome to another episode of All the Hacks, a show about upgrading your life,
1:10.5	money and travel.
1:11.5	If you're new here, I'm Chris Hutchins and each week I sit down with the world's best
1:15.0	experts to learn the strategies, tactics and frameworks you can use to have a happier,
1:20.0	healthier and wealthier life.
1:22.1	This week I'm talking to Jordan Gromit, he's a hospice doctor whose passion for personal
1:26.6	finance and storytelling has led him to educate others on living mindfully when it comes
	...

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