Ask yourself, what do you fear most and then put percentages around it. Jordan shares the example of someone who wants to retire at a conventional age. He says they might spend 60% on necessities, 30% on fun stuff and 10% towards retirement. Others would have those numbers flipped 30% towards retirement, 10% towards today and 60% for bills.
#418: When Jordan Grumet was a child, his dad died unexpectedly.
That was decades ago.
Jordan is a father today, but he thinks often about the possibility of dying young.
And he wonders how to balance enjoying today vs. saving for tomorrow, given that none of us know how long we’ll be on this earth.
How do we think about our lives when the clock starts to run out?
Beyond money, what other tools can we use to live a fulfilling life?
Jordan Grumet, a hospice doctor and host of the Earn and Invest podcast, discusses this in today’s episode.
For more information, visit the show notes at https://affordanything.com/episode418
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