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ChooseFI | Financial Independence Podcast

The Courage to Take Action | EconoMe LIVE with Doc G

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Careers, Investing, Business

4.85.2K Ratings

🗓️ 22 April 2024

⏱️ 57 minutes

🧾️ Download transcript

Summary

Knowing you're financially independent and actually walking away from your career are two different battles. Jordan Grumet reached FI in 2014 but couldn't pull the trigger on leaving medicine until 2018—and only after surrounding himself with a community that gave him permission to act. In this live recording from the Economy Conference, Brad and Jordan tackle the gap between recognition and action, bringing two audience members on stage to share their own struggles with identity, transition, and the paralysis that comes from having options but fearing the leap. A live session from the Economy Conference in March offers valuable insights into finding the courage to act on financial independence dreams. Brad and Jordan candidly share their personal struggles with transitioning from recognition of financial independence to actual implementation in life choices. The episode features live audience participation, with Roger and Alison joining the discussion to share their journeys. The conversation emphasizes the importance of community support and accountability in overcoming fears and pursuing life-altering decisions like career changes. Key Topics Discussed: Courage to Change [00:01:05] The fear of taking action along the journey to financial independence and the role community support plays in overcoming personal and financial struggles. Audience Interaction: Roger's Journey [00:08:07] Roger shares his experiences and challenges in achieving financial independence as an attorney, discussing identity and work-life balance as they relate to FI. Audience Interaction: Alison's Perspectives [00:21:50] Alison expresses her initial anxiety joining the financial independence community and her surprise at the welcoming atmosphere, exploring the importance of community in providing support and shared experiences. Vulnerability and Support [00:20:16] The power of vulnerability in discussing fears and challenges, and the need for accountability groups within the financial independence community. Resources: CampFI: campfi.com [00:01:40] Key Quotes: "Find the courage to step out of your comfort zone with the support of your community." [00:07:17] "Honesty with oneself is crucial; community support makes it possible." [00:06:09] "Time is fleeting—make the most of the moments you have." [00:14:09] "Financial numbers don't guarantee happiness; being intentional is key." [00:34:03] Chapters: Introduction to the Conference [00:00:00] Courage to Change [00:01:05] Audience Interaction with Roger [00:08:07] Audience Interaction with Alison [00:21:50] Closing Remarks [00:44:28]

Transcript

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0:00.0

Hello and welcome to Chisify.

0:01.6

Today in the show we have a fun one.

0:03.1

This is actually a live recording

0:05.4

from the Economy Conference in Cincinnati

0:08.2

this past March.

0:09.6

And I did this episode with Jordan Doc G,

0:12.0

who's a good friend of mine, and it was wild.

0:14.7

It was in front of 500 people live Saturday night at this conference, and we actually

0:19.7

brought up two members of the community.

0:22.0

So we had Roger and Allison come up and then we did a

0:25.0

Q&A with the audience where they asked us questions. So it was really a lot of fun and I think

0:30.0

you're going to enjoy this. So with that, welcome to choose that fine. Welcome! Welcome, I am Jordan Grummet, AKA. G, and sitting next to me, I have Brad Barrett of the Choose

0:46.8

FI podcast, and this is a joint ChooseFI, Earn and Invest episode here live at the Economy Conference in 2024.

0:58.4

Let's hear some noise. Today we are going to talk about what happens when you know what you need to do but you don't have the courage to do it. This is something I think all

1:17.0

of us have faced. It's something I'm intimately familiar with. Brad, I realize that I was financially independent in 2014.

1:24.2

It took me till 2018 to eventually leave medicine, and that was only because I went to a

1:30.1

camp fire and I bolstered myself up with all the people there who lent support to me.

1:37.2

So tell me Brad, have you ever had an episode like this in your life?

1:40.4

I have, but I'm gonna to ask you so Camp 5 was there one conversation like what

1:47.8

happened in 2018 so I had my groupie moment you see I knew Leif Dalin, the physician on fire, was going to that camp

1:56.0

fire, and I even wrote him before, because he was a physician, he was an anesthesiologist, he was living the

2:02.0

Fai lifestyle, he was talking about retiring early and so I wrote him and I said hey I really look forward to talking to you when I get there

...

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