Understanding Regret: Action vs. Inaction

My guest today is Dr Jordan Grumet, author, doctor, podcaster. In his work, he explores a variety of topics, from financial independence to happiness, meaning, purpose, and more.

We talk about his newly released book: The Purpose Code: How to Unlock Meaning, Maximize Happiness, and Leave a Lasting Legacy.

Jordan Grumet, born in Evanston, Illinois in 1973, found the spark to become a doctor after a deeply personal event reshaped his life's trajectory. The unexpected loss of his father, an oncologist, ignited a passion within him to practice medicine and instilled a unique vantage point that later melded seamlessly with his financial expertise. This convergence of roles has spurred him to explore profound notions like wealth, abundance, and financial independence with a thoughtful and critical lens.

With a profound understanding of both medicine and finance, Jordan unveiled his thoughts through blogging, specifically focusing on financial independence and wellness. This passion culminated in the launch of the Earn & Invest podcast in 2018. His dedication bore fruit in 2019 when he was honored with the Plutus Award for Best New Personal Finance Podcast, followed by consecutive nominations for Best Personal Finance Podcast of the year in 2020 and 2021.

In August 2022, Jordan's literary pursuit took shape as his book, Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life was published by Ulysses Press. His second book, The Purpose Code, will be published January 2025 by Harriman House Press. Jordan's journey intertwines medical insight and financial wisdom, resonating deeply with those seeking a balanced, meaningful life.

jordangrumet.com

Summary

He explores the concept of purpose anxiety, differentiating between 'Big P' and 'Little P' purpose, and emphasizes the need to focus on meaningful activities rather than just financial goals.

The discussion also touches on the balance between time and money, the anxieties that arise once financial worries are alleviated, and the life review process used with dying patients to reflect on their lives and find closure.

He emphasizes the balance between meaning and purpose as essential components of happiness, and the significance of pursuing activities that bring joy, regardless of monetary gain.

Grumet introduces the concepts of purpose anchors and climbs, illustrating how to build a life filled with purpose. He highlights the importance of generational growth over wealth and explores the two types of regrets—action and inaction—while providing insights on how to navigate these regrets towards a fulfilling life. Ultimately, he defines success as having control over one's calendar, filled with activities that bring joy and purpose.

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Blue Infinitas Capital, LLC is a registered investment adviser and the opinions expressed by the Firm’s employees and podcast guests on this show are their own and do not reflect the opinions of Blue Infinitas Capital, LLC. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

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