Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life

Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life


    Qualifies for Free Shipping
    Choose Expedited Shipping at checkout for delivery by Wednesday, September 27
    Check Availability at Nearby Stores

Related collections and offers


Learn what end of life can teach us about the secret to financial independence and making every moment count with this life-altering collection of tips from Dr. Jordan Grumet, host of the award-winning Earn & Invest podcast, featuring a foreword written by Vicki Robin, coauthor of Your Money or Your Life.

Written by a hospice doctor with a unique front-row seat to the regrets of his dying patients, this book will remind you to take stock of life now, before it is too late. The goal of financial independence is to have the economic fuel to live a full life and avoid regret. Taking Stock is your guide to taking control of your finances and investing in yourself. Inside you'll find:
  • The three basic archetypes of building wealth, and how to choose which is right for you
  • Time-hacking techniques to modify your perception of time passing and fill your moments with meaning
  • Tips to invest in education, family, and your own physical and mental health
  • And much more!

Don't wait until the last moment to live life to the fullest!

Product Details

ISBN-13: 9781646043545
Publisher: Ulysses Press
Publication date: 08/02/2022
Pages: 208
Sales rank: 171,195
Product dimensions: 6.00(w) x 8.90(h) x 0.80(d)

About the Author

Jordan Grumet was born in Evanston, Illinois, in 1973. After graduating from the University of Michigan, Jordan received his medical degree from Northwestern University and began practicing internal medicine in Northbrook, Illinois. He is currently an associate medical director at Journeycare Hospice.

After years of blogging about financial independence and wellness, Jordan launched the Earn & Invest podcast in 2018. In 2019 he received the Plutus Award for Best New Personal Finance Podcast and was nominated in 2020 for Best Personal Finance Podcast of the year.

Table of Contents

Foreword xi

Part 1 What Financial Independence Experts Get Wrong about Life-And Death 1

Introduction 2

Chapter 1 Money Is Like Oxygen 14

Two Stories of Dying in America 14

When Enough Is Not Enough 17

Flattening Maslow's Pyramid 20

Overdrive 22

Does More Money Bring More Happiness? 23

Redefining "Enough" with Life Review 29

The Climb 30

Chapter 2 Work Doesn't Stop When You Retire 34

Redefining Work 35

Money Is an Intermediary 38

Dropping "Retire Early" 38

Slow FI 39

Coast FI 40

Money Is a Mirage 42

The Money Mind Meld 43

Purpose 45

Identity 47

Connection 49

Beware: One-More-Year Syndrome and Golden Handcuffs 51

Chapter 3 The "Art of Subtraction" 55

The Urgency of Now 56

YOLO Is a No-Go 57

The Opportunity Cost Fallacy 58

Regrets of the Dying 60

I Could've Used a Little YOLO 61

Financial Independence Is a Lever 65

Deciding What to Subtract 67

Subtraction and the Nonbudget 69

Never Despise Work 71

Part 2 Many Paths to Financial Independence 75

Chapter 4 The Parable of the Three Brothers 76

Internal versus External Motivation 77

Choice 1: The Traditional Path-Front-Load the Sacrifice 81

Choice 2: Passive Income and Side Hustles 88

Choice 3: The Passion Play 93

I Chose to Front-Load 98

You Don't Have to Decide between Money and Passion 100

Chapter 5 Putting Your Financial House in Order 104

What Scares You More? 105

Know Your Net Worth 107

Mind the Gap 109

The Perpetual Money Machine 111

The 4 Percent Rule 112

Youngest Brothers and End of Life 114

Risk Mitigation: The Best Financial Plans Have Four Legs 116

The Role of Insurance 119

Getting the Right Advice 123

Chapter 6 It's Time We Talked 128

If Not Now, Then When? 129

Approaching Difficult Conversations 130

Financial Legacy Documents 132

Medicolegal Legacy Documents 134

Kids, It's Time We Talked 136

FIRE and ICE 137

Part 3 The One Thing the Dying Wish They Had More of-Time 141

Chapter 7 Time Perception Arbitrage 142

Two Stories 142

You Can't Commoditize Time 145

Activity Hacking: The Efficient Time Frontier 146

Parkinson's Law 150

The Pareto Principle 152

Time Perception 153

Time Abundance 154

Time Stress 156

Final Thoughts on Time 158

Chapter 8 Investing Tips from a Hospice Doctor 161

Paul's Story 161

Change Is for the Living, Not the Dying 162

The Power of Reconciliation 164

The Courage to Fail 164

Living in the Moment 166

Chasing False Gods 167

The Difference between Investment and Speculation 168

Investing Tips from a Hospice Doctor 171

Irony and Life Insurance 177

Conclusion: The D Word 181

Glossary 187

Acknowledgments 190

About the Author 193

From the B&N Reads Blog

Customer Reviews

Explore More Items