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Dr. Jordan Grumet brings a unique perspective to the topics of early retirement and a second act career. He has seen first hand the regrets of patients facing the end of their lives. His new book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life will inspire you to step back, reflect on what’s most important to you, and live your life fully now – not someday, which isn’t guaranteed to any of us.
We discuss:
- The book that changed his life
- What he’s learned from his hospice patients
- The benefits of a Life Review – and why you should do one now
- How his identity has evolved since his early retirement
- How money can distract us from what’s truly important in life
- Why you should beware of The One More Year Syndrome
- How the FIRE movement is evolving
- The role of work in retirement
- How you can benefits from the art of subtraction
Jordan Grumet joins us from Illinois.
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Comments, Suggestions or Questions You’d Like Me to Address on the Podcast? Leave a Voice Message Here
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Bio
Dr. Jordan Grumet is the author of Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life.
After graduating from the University of Michigan, Jordan received his medical degree from Northwestern University and began practicing internal medicine in Northbrook, Illinois. He is currently an associate medical director at Journeycare Hospice. Also known as Doc G, he created and hosts the podcast Earn & Invest.
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For More on Dr. Jordan Grumet
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Podcast Episodes You May Like
Changing the World One Small Act at a Time – Brad Aronson
The Emotional Side of Retiring – Kate Schroeder
A Round of Golf with My Father – William Damon (On Life Review)
Buy This, Not That – “Sam Dogen”
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Mentioned in this Episode
Why Do We Need Reminders of What Matters Most? (This is a blog post about the colleague I mentioned who died right before his retirement after putting it off for a number of ‘just one more’ years)
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What Readers Are Saying About Win The Retirement Game
“…the book is amazingly readable, and chock full of insights.”
“Definitely the best book I’ve read on the non-financial aspects of retirement.”
“This is a great gift for anyone anticipating retirement years or already in the thick of it.”
“…the book is amazingly readable, and chock full of insights.”
Amazon Barnes & Noble Bookshop.org
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Wise Quotes
On Deferring Living
“The sadness was maybe he should have had his bags packed years and years before. And it’s really a lesson that I see over and over again with the dying that I try to bring to the financial lives of young people is we need to start living now. We can’t always put it off to the last minute. Some people are lucky enough, like Sam, they do get to live out some of their last dreams when they find that a terminal illness is indeed upon them, but most people don’t. And so it’s incumbent upon us to start thinking about these things to having our bags packed now.”
On Money as a Tool, Not a Goal
“So looking at money as the overall goal generally leads to unhappiness. And so I think we have to really think about the role of money in our lives and recognize that it is a tool one of many different tools we have to live purposeful lives. And if we stop looking at it as a tool, I think it eventually leads to a sense of disconnect and unhappiness. But if we think of it and it’s rightful place as a way to do those other things that are important to us, um, it can be very enriching and really help us get to our goals.”
On Purpose, Identity and Connections
“So when I talk about the goal of our lives is not to make money, it’s actually to live lives of purpose, identity and connections. What I’m really saying actually is that we have a limited amount of time on this earth, okay? And time passes, no matter what we do, we can’t buy it, we can’t sell it, we can’t commoditize it. It is what it is. The only things we can kind of control is what activities we put into those time slots. We call them days, months, years, whatever you want to call them. But we have these time slots and so the only control over time we have is either controlling what we put in those time slots or on a very minimal level we can change how we perceive time. So I love to say when you’re young it seems like time is infinite, but when you get older it seems like time flies.”
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About Retirement Wisdom
Delaying retirement? Many of my clients are. But they’re using this time to invest in their future.
Is it time to design your next life?
Schedule a call to find how how the Designing Your Life process (developed by Bill Burnett & Dave Evans at Stanford) can help you unlock a new direction. Apply the same principles of design thinking that Nike and other leading companies use to design your future. Learn more about our One and One coaching and small group programs. Take the first step toward your new life today.
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Intro and Outro voiceovers by Ross Huguet.
