Money & Life Lessons From A Hospice Doctor with Jordan Grumet – EP 227

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Everyone has a sense of time, yet its concept is hard to define and understand. Some days feel long but years feel short. Jordan Grumet (a.k.a Doc G), a Hospice Doctor, Host of ‘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’ brought us to his journey from internal medicine to personal finance. Jordan also teaches us the Art of Subtraction and Modifying our Perception of Time Passing in reaching financial independence.

Accept that part of your fear is what makes you who you are.

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Jordan Grumet (Doc G) is a hospice doctor who mostly retired from medicine when he discovered financial independence. His book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life is available August 2nd from Ulysses Press.

The Journey From Internal Medicine to Personal Finance

At the age of 7, Jordan unexpectedly lost his father whom he looked up to and became his defining factor in wanting to become a doctor. However, upon his 2nd year as a resident, the death of a patient led to the beginning of his disconnection with the identity he thought he wanted to fulfill for years. 

While struggling to find a way out of medicine, he got a call from the author of ‘The White Coat Investor’ asking him to review the said book in his blog. Within hours of reading, he had an epiphany and was introduced to the community of personal finance. 

Learning the Art of Subtraction

The shift was instantaneous as all this time he believed he had nothing and was incapable of being financially independent to suddenly realizing he actually had it all. Jordan started getting rid of all the friction in his work life in which he called ‘The Art of Subtraction’. He started subtracting work he didn’t personally feel connected to as it was an important part in finding his sense of purpose. 

Time-Hacking Techniques to Modify Your Perception of Time Passing

Jordan emphasizes the importance of being thoughtful about time as it is the only thing in our life that is constant. When we’re doing things we don’t like, time can be slow as it can be, while when we’re doing things we love, time seems to fly. Modifying our perception of time plays a role in building our life with meaning, purpose and financial independence structure.

Extremes and Choosing What Is Right for You

Not everyone can opt to live ‘YOLO’ as well as there are people who cannot simply not live to the extremes. Although, if you can at least figure out your biggest fear, you can then start living today intentionally. No extremes are going to exactly fit anyone, Jordan reminds us to take the best pieces of our experiences in these extremes and find a way to be really intentional in order to fit them into our lives. 

The most life-changing thing we've learned from someone

  • Jordan: Mother taught me that  ‘you are enough already’
  • Jill: Bethann Miller taught me be kind to myself
  • Jen: ‘You are enough’; worth does not need to be connected to net value

Bill of The Week

 Thank you, Jordan for sharing your ‘bill squared’, paying a bill to send a book to Bill! 🙂

Thanks so Much for Listening!

Thanks so much for listening. Many of you know we have a private community where we do monthly money challenges and offer accountability groups. We want to congratulate one of our members for a big win.

Since joining the Frugal Friends Club and working through the monthly challenges I've made some huge mindset shifts.

Now instead of running out to buy something I "need" I try to find a creative way to solve my problem or get what I need.

Last month we had family visiting and needed an extra sleeping accommodation. Instead of buying a bed we would need to sell when we move next year or buying an air mattress we would hardly ever use, I asked in my local buy nothing group and was able to borrow a really nice air mattress from someone just down the road. Saving resources, time, space in my closet, and money!

Emily

Congrats! If you want to check out our monthly challenge community head to frugalfriendspodcast.com/club to see what challenge we have coming up next.

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