The One Thing Most FIRE Chasers Get Wrong (and Later Regret in Retirement)

BiggerPockets Money Podcast

BiggerPockets

Investing, Education, Business

4.6 • 2.9K Ratings

🗓️ 24 January 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why do so many in early retirement struggle with happiness? We know you’ve told yourself, “Once I hit FIRE, I’ll be living the dream! Every day will be like a vacation.” This is what Mindy was telling herself for years before becoming financially independent, and once she hit her goal, she realized life’s same problems still exist. If you’re FI already, this may sound familiar. So, how do you enjoy the path to early retirement so that when you reach your financial goal, the party doesn’t stop? Jordan Grumet, AKA Doc G, practiced full-time medicine for years but wasn’t completely satisfied, even with financial success. After reflecting on his “purpose,” he found that hospice medicine brought him true fulfillment. Through conversations with patients on their deathbeds, Jordan uncovered a common thread: most regrets stemmed from not living a purposeful life, regardless of financial achievement. In his new book, The Purpose Code, Jordan walks you through exercises that uncover your view on purpose, success, financial freedom, and what it means to truly “win” in life. His goal? Make sure you enjoy every day on the path to financial freedom so that when you get there, you know exactly how to live the life you love. If you want to reach FIRE happy, less stressed, and full of energy to live your early retirement life, we’ve got what the doctor ordered. In This Episode We Cover Why even the wealthiest people in the world are still so unhappy (and what they’re missing) Why money is NOT the only tool you can use to find lifelong happiness The four “anchors” you can use to find your life’s purpose before it’s too late How to enjoy the path to financial freedom without burning out or pushing through unhappiness The number one thing in life that leads to humans being happy (it’s completely free) And So Much More! Links from the Show Mindy on BiggerPockets Scott on BiggerPockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Join BiggerPockets for FREE Email Mindy: [email protected] Email Scott: [email protected] BiggerPockets Money Facebook Group Jordan’s Website Land More Off-Market Deals with Crucial Property Owner Contact Information from DealMachine Buy “The Purpose Code” Find an Investor-Friendly Agent in Your Area The “Deathbed Toolkit” That Makes Building Wealth Much More Enjoyable w/Doc G (00:00) Intro (04:39) The Comparison Trap (06:38) You're Getting "Purpose" Wrong (10:16) How to Start Enjoying Life (14:07) The Reason So Many Aren't Happy (23:30) The Huge Impact of "Little" Purpose (29:10) Purpose Exercises (30:52) Finding Your Community (33:54) Connect with Jordan! (34:27) Find Purpose BEFORE FI! Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-601 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Jordan Grummet, also known as Doc G, wrote a book a few years ago called Taking Stock,
0:05.2	which focused on looking inward and figuring out who you really are.
0:09.9	His follow-up called the Purpose Code was written because once you figure out who you are,
0:15.3	you then need to figure out what you're meant to do with your life.
0:18.8	Hello, hello, hello, and welcome to the Bigger Pockets Money podcast.
0:21.6	My name is Mindy Jensen, and with me, as always, is my purposeful co-host, Scott Trench.
0:26.5	Thanks, Mindy.
0:27.1	Looking forward to a very intentional podcast with you and Doc G today.
0:31.2	Bigger Pockets has a goal of creating one million millionaires, and you are in the right place
0:34.7	if you want to get your financial house in order and make it
0:37.5	as meaningful as possible once you get there because we truly believe financial freedom and purpose
0:42.4	are attainable for everyone no matter when or where you're starting. Today we're going to discuss
0:46.5	how to combat the feeling that walking away from a job after reaching financial freedom is
0:51.4	somehow a bad thing. And we're going to talk about how comparison is the
0:54.6	Thief of Joy when it comes to finding your purpose. Doc G, we are super excited to have you on
1:00.6	the Bigger Pockets Muddy podcast again today. How's it going and welcome back? Thank you so much
1:05.5	for having me. Scott, Mindy, two of my favorite people, because we have these great conversations,
1:09.6	so I'm just happy to be here. Okay, Jordan, all right. You are uniquely qualified as this kind of, I use the phrase,
1:17.0	life philosopher, I guess, is the way I would describe you in a way that very few people really
1:23.1	have, you have credentials that really people don't get access to in a lot of ways.
1:29.8	Could you just give us a quick overview of your background and how that is translated to your
1:35.0	FI journey and what you think about and what you write about and talk about in a regular
	...

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