meta_pixel
Tapesearch Logo
Log in
Afford Anything

Maybe We Should Spend More, with Dr. Jordan Grumet

Afford Anything

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Business, Investing

4.63.4K Ratings

🗓️ 15 December 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

#418: When Jordan Grumet was a child, his dad died unexpectedly. That was decades ago. Jordan is a father today, but he thinks often about the possibility of dying young. And he wonders how to balance enjoying today vs. saving for tomorrow, given that none of us know how long we’ll be on this earth. How do we think about our lives when the clock starts to run out? Beyond money, what other tools can we use to live a fulfilling life? Jordan Grumet, a hospice doctor and host of the Earn and Invest podcast, discusses this in today’s episode. For more information, visit the show notes at https://affordanything.com/episode418 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

You can afford anything but not everything.

0:11.0

Every choice that you make is a trade-off against something else, and that doesn't just

0:15.0

apply to your money.

0:16.2

That applies to your time, your focus, your energy, your attention, any limited resource

0:21.0

that you need to manage.

0:22.8

Saying yes to something, implicitly means, turning away other opportunities.

0:27.9

And that opens up two questions.

0:29.9

First, what do you value most?

0:32.8

And second, how do you make decisions accordingly?

0:35.8

How do you translate values into actions?

0:39.2

Answering these two questions is a lifetime practice, and that's what this podcast is here

0:43.4

to explore and facilitate.

0:45.9

My name is Paula Pant, I'm the host of the Affordable Care Foundation podcast, and

0:49.3

today, Dr. Jordan Grummit joins us to discuss the continuum between living in the moment

0:57.9

and planning for the future.

1:00.4

In this interview, we refer to it as the YOLO to deferred gratification continuum, the spectrum,

1:07.7

representing at one extreme end, living entirely in the present moment, and enjoying lots

1:13.9

of fantastic, rich life experiences, adventures, travel, dining, all the joys of the present

1:23.0

moment, at one end of the spectrum, and obsessively planning for the future, being deeply entrenched

1:31.3

in trying to build to a certain financial independence number or trying to build to a certain

1:37.2

retirement, early retirement date, saving and investing 40, 50, 60% of your income, so

1:44.5

that you can hit some net worth goal, that lays at the other end of the spectrum.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Paula Pant | Cumulus Podcast Network, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Paula Pant | Cumulus Podcast Network and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.