Financial Residency Financial Vitals - The Dangerous Pursuit of Financial Independence
For some physicians, achieving financial independence is the end-all-be-all to living the good life. Pursuing it can be fantastic when well-balanced and a key factor to reducing burnout.
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks too Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Sky view Financial Planning, about the pursuit of financial independence.
Topics Discussed: • What is financial independence? Financially set for life
• Pursuit of Financial Independence: Be reflective, thoughtful, and understanding
• Does financial independence buy happiness and solve life's problems?
• Physician's Perspective: Achieve financial independence sooner than later
• Field of Medicine: Doctor's motivation is to help people, make money, escape
• I.R.E. Movement: Pressure to payoff student loans in extraordinary timeframe
• Time and Money: What's more important? Do you trade dollars for time?
• On Living a Rich Life: What would make your life really rich?
• Busy Work: Sacrifices need to be made from time to time - no regrets
• Vision Document: What do you want your life to be like?
• On track or not? Ask someone you love and trust to provide honest feedback
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