In this engaging discussion, hospice physician Jordan Grumet, a keynote speaker and advocate for meaningful living, shares insights on finding balance in life. He emphasizes understanding our risk tolerance not just in finance but also in personal fulfillment. The conversation navigates the tension between saving for the future and enjoying the present, and how true wealth is defined by relationships and experiences rather than financial success. Grumet inspires listeners to confront their fears, prioritize happiness, and explore their personal purposes.
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Jim's Climbing Fall and Recovery
Jim Dahle discusses his recent climbing fall and current recovery process.
He reflects on his relationship with risk and future climbing plans.
volunteer_activism ADVICE
Balancing YOLO and Preparation
Find a balance between enjoying life now and saving for retirement.
Prioritize relationships and experiences over excessive financial optimization.
insights INSIGHT
Lessons from Hospice Patients
Dr. Jordan Grumet realized the importance of life's deeper meaning from his hospice patients.
He learned that financial success doesn't equate to happiness.
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In 'Enough: True Measures of Money, Business, and Life,' John C. Bogle reflects on the excesses of the financial system, particularly in the context of the 2008 crisis. The book is divided into three sections: Money, Business, and Life. Bogle discusses the importance of long-term, client-first approaches and the need to redefine success beyond mere financial gain. He emphasizes values such as trust, stewardship, character, and contribution, and argues against the destructive nature of greed and blind ambition. The book includes a foreword by William Jefferson Clinton and is written in a straightforward and accessible style[1][3][5].
Purpose Code
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Jordan Grumet, MD
Die with Zero
Bill Perkins
Die with Zero presents a provocative philosophy and practical guide on how to get the most out of your money and your life. Bill Perkins argues against over-saving and under-living, advocating for investing in experiences early and maximizing positive life experiences. The book introduces concepts like 'time-bucketing,' 'net worth curve,' and 'fulfillment curve' to help readers optimize their life stages and make the most of their resources. Drawing from his own life experiences and insights from psychological science and behavioral finance, Perkins makes a compelling case for living large and accumulating memorable experiences rather than wealth.
When Breath Becomes Air
E. Z. - Reader
In this profoundly moving memoir, Paul Kalanithi chronicles his transformation from a medical student to a neurosurgeon at Stanford, and finally to a patient confronting his own mortality. Diagnosed with stage IV lung cancer at 36, Kalanithi grapples with fundamental philosophical questions about what makes a life worth living in the face of death. The book is a reflection on the challenge of facing death and the relationship between doctor and patient, written with eloquence and intelligence. Kalanithi's writing delves into his lifelong love of literature and his attempt to connect the sciences and humanities to gain a greater understanding of humanity.
The White Coat Investor
A Doctor's Guide to Personal Finance and Investing
James M. Dahle, MD, FACEP
This book, written by Dr. Jim Dahle, is designed to help medical students, residents, physicians, dentists, and other high-income professionals navigate the complexities of personal finance and investing. It covers topics such as graduating from medical school with minimal debt, escaping student loans, purchasing the right insurance, investing sensibly, and protecting assets from lawsuits. The book also provides advice on tax minimization, estate planning, and choosing the right business structure. It is known for its clear explanations and actionable advice, making it a valuable resource for those in the medical profession seeking to manage their finances effectively.
Today we are talking about finding balance in our lives. We discuss how to know what our risk tolerance is both in the finance space but also in our lifestyle. It is important to do the things we love that bring us joy, even if there is some risk involved. But at what point do we cross into reckless? We talk about how to know when we are working too hard and are too focused on saving for retirement that we forget to live our lives right now. We also chat with our friend Dr. Jordan Grumet, who will be a keynote speaker this year at WCICON. He is passionate about helping people find meaning in their lives to maximize happiness.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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