Death can inspire some important conversations about life. And when we're thinking about how to live without regrets, thoughts around how we're spending our time and our money open come up.
To explore this topic further, I've invited Hospice Doctor and Author, Jordan Grumet on the podcast today.
Jordan (aka Doc G) is a physician who discovered financial independence on the cusp of job burnout. He is currently an associate medical director at Journeycare Hospice, where he supports patients in their final days of living.
Overview: How to Live Without Regrets with Jordan Grumet
Jordan Grumet reviews the following:
- Why it's important to evaluate how we're spending our time and money
- How to ride the balance between the FIRE (Financial Independence Retire Early) and YOLO (You Only Live Once) Movements
- The importance of finding purpose, identity and connection
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Key Takeaways on How to Live Without Regrets
Here are my top three takeaways from my conversation with Jordan Grumet.
We Don’t Know When We'll Die
I struggle with this balance of hard-charging toward Financial Independence and enjoying life today as is shared in the book, Die With Zero … because I don’t know when I’ll die.
I don’t want to die with a pile of money and miss out on great times with my family.
But I also want to provide for my family and ensure we’re all set for a long life together. That is if I’m lucky to have one.
Like anything, this is a delicate balance of how much to save and how much to enjoy.
I wish I could tell you the exact percentage, but I TRULY believe that is personal.
Focus on Purpose, Identity and Connection
Jordan’s continual reminder for us to focus on purpose, identity and connection is … purposeful!
In order to find that personal balance between FIRE and YOLO, we need to understand what our purpose is.
And our identity:
- Who am I?
- Who do I want to be?
- What do I want to move towards?
And connection:
- Who do I want to be with more?
- Who do I feel most connected to?
By using those pillars, we can find our FIRE vs YOLO balance much easier.
Start by Removing the Friction in your Life
Crafting your ideal life becomes a lot easier when you remove the stuff that doesn't matter. I remember this quite well from our chat with Joshua Becker.
The removal of things that don't matter can be physical things like clutter around the house. Or commitments that are blocking our ability to enjoy more life today. In the case of personal finance, we can remove expenses that aren’t helping us get where we want to go.
Let's start off by slowly removing the things from our lives that aren’t serving us.
This “time, money and stuff decluttering activity” can reduce friction and move us toward that regret-free life we’re all seeking.
Guest Bio – Jordan Grumet
Jordan Grumet (aka Doc G) is a physician who discovered financial independence on the cusp of job burnout. He is the creator of the award-winning Earn & Invest podcast. His forthcoming book, Taking Stock, was released by Ulysses Press Aug 2.
Resources – Jordan Grumet
Website: JordanGrumet.com
Book: Taking Stock
Sponsors and Recommended Tools:
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Podcast Resources:
- Family Wealth + Happiness Guidebook: Get the 10 steps to young family wealth and happiness for free by signing up for our bi-weekly newsletter. This 39-page PDF gives the tools, guidance and resources to achieve your own version of family financial independence.
- Thriving Families Facebook Group: Join our new FREE Facebook Community!
- MKM Coaching: Looking for someone to walk alongside you on your financial independence journey? Grab your free 15-minute consultation today.
- Corporate Financial Wellness Presentation: Contact me to discuss how I can support your company's overall financial wellness.
- Recommended Resources: You won’t reach your financial goals without the right tools. Here are my suggestions!
Carpe Diem Quote:
“Act the way you’d like to be and soon you’ll be the way you act.”
– Leonard Cohen
What do you think of the advice from Jordan Grumet? How can you adjust your life to live without regrets?
Please let us know in the comments below.
