Aug. 24, 2022

A Hospice Doctor’s Advice on Making the Most of Your Finances, Relationships and Time


#74: Hospice doctor and author Jordan Grumet, joins Chris to discuss making the most of your finances, relationships, and time. They talk about some of the biggest regrets people have at the end of their life, the money mind meld, how to broach difficult conversations with family members in a non-confrontational way, and why time perception work might be more useful than productivity hacks.

Jordan Grumet, MD (@jordangrumet) is an associate medical director at Journeycare Hospice. He is also the host of the award-winning Earn & Invest podcast. His new book is Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life.

 

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Selected Links From The Episode

Connect with Jordan Grumet: Website | Podcast

Jordan’s Book:

Podcasts Mentioned:

Resources Mentioned: 

 

Full Show Notes

Jordan shares what he’s learned while conducting life reviews with hospice patients [1:48]

Living regret-free and learning to live intentionally with purpose and meaning [5:19]

The importance of viewing money as a tool and thinking about purpose, identity, and connections [10:31]

The story of the three brothers: different pathways toward financial independence  [16:11]

Putting purpose and identity exercises into practice [19:50]

Addressing the money mind meld [27:56]

Reassessing the “RE” part of the FIRE movement [31:34]

Tools, beyond money, that helps us live a more purposeful and meaningful life [35:09]

Building a stable financial plan through multiple revenue streams [38:25]  

Hacks to build the saving and frugality mindset into your daily life [43:41]

Leaving a positive impact after you pass away by using financial legacy and/or medical legacy documents and ways to broach conversations in a non-confrontational way [49:25]

Simple things that are commonly missed while legacy planning [58:09]

Exploring the “one more year” and the “what if” syndromes [59:32]

Thinking about time perception in a well-rounded life [1:02:23]

Routines and strategies to optimize your time [1:06:30] 

Learning to let others set the pace [1:09:47]

The importance of modeling the behavior you want to see [1:11:18]

Teaching money management and budgeting with the yearly allowance technique [1:13:33]

Jordan’s family-bonding travel recommendation [1:16:02]

Where to find Jordan Grumet online [1:18:21]

 

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