Money can’t buy everything. It can’t buy you the most important stuff like love, health, and family.
In this episode, learn how to have a rich and purposeful life regardless of money as I chat with Doc G aka Jordan Grumet about his new book on money and life advice as a hospice doctor. Jordan is a financial expert, host of the Earn & Invest podcast, author, and currently an associate medical director at Journeycare Hospice.
“When I’ve sat with the dying, almost never do they say, I regret that I only ended up with a net worth of $500,000 and I really wanted to hit that million mark. No one said that. What people tend to regret is that they didn’t spend the energy, courage, or time doing those things that were most important to them.” – Jordan Grumet
“Even the most lucky of us are going to deal with life’s issues, financial or otherwise, and having that strength of saying, I am already enough, as you face these problems is a great starting place.” – Jordan Grumet
“Money is not the goal, it’s a tool. And it’s a tool to utilize to better live out a life of purpose, identity, and connections.” – Jordan Grumet
What You Will Learn From This Episode
- How working with people as they transition from life to death changed Jordan’s view on life and money
- What really is the core of having a rich life, regardless of money
- ‘Medicaid divorce’ – what you should know about it
- FIRE (Financial Independence, Retire Early) what people get wrong about it
- Some exercises to help you know your identity and your purpose in life
- Suggestions to manage your mental health and money if you feel burned out
- Why you should invest in other ways, not just financially
- How to use your money to actively avoid the regrets of the dying
- Steps you can take to protect your finances and your family in the face of death
About Jordan Grumet:
Jordan was born in Evanston, Illinois in 1973. His interest in becoming a doctor was ignited when his father, an oncologist, died unexpectedly in the prime of his life. This profound loss not only inspired him to practice medicine, but has also given him a unique perspective as a financial expert, challenging him to think deeply and critically about concepts like wealth, abundance, and financial independence.
After graduating from the University of Michigan, Jordan received his medical degree from Northwestern University and began practicing Internal Medicine in Northbrook, Illinois. He currently is an associate medical director at Journeycare Hospice.
After years of blogging about financial independence and wellness, Jordan launched the Earn & Invest podcast in 2018. In 2019 he received the Plutus Award for Best New Personal Finance Podcast and was nominated in 2020 and 2021 for Best Personal Finance Podcast of the year. His book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life is being published by Ulysses Press in August 2022.
Resources
- Earn & Invest podcast
- Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life by Jordan Grumet
- Die with Zero: Getting All You Can from Your Money and Your Life by Bill Perkins
- Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing by Bronnie Ware
Connect with Jordan
Connect with Melanie
- mentalhealthandwealth.com
- melanielockert.com
- Support the podcast through Ko-Fi: https://ko-fi.com/melanielockert
- Buy Melanie’s book “Dear Debt”
- Contact: mentalhealthandwealthshow@gmail.com
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