Taking Stock of Your Life | Jordan Grumet

A hospice doctor treating terminal patients doesn't expect to learn the most important financial lesson of his life from someone on their deathbed. Jordan Grumet did—and it changed how he thinks about money, time, and living intentionally. In this conversation, Jordan shares stories from his new book Taking Stock, including the profound case of Sam, a patient whose final months forced Jordan to confront uncomfortable questions about his own life. The discussion moves beyond typical FI advice into deeper territory: using mortality as a lens for better decisions, conducting a "reverse lottery test" to audit your daily life, and removing friction from activities that drain you without adding value. Key Topics: Confronting Mortality to Clarify Priorities Sam's story illustrates how facing terminal illness can prompt deep reflection on what truly matters. [00:02:00] Discussing Sam's Story [00:04:30] How mortality influences life choices Living Intentionally [00:03:10] "Live as if your bags are always packed." — Jordan Grumet [00:03:17] "Value your time, the ultimate non-renewable resource." — Jordan Grumet The Reverse Lottery Test [00:35:17] A visualization exercise: if you won the lottery tomorrow, which current activities would you keep and which would you discard? This reveals misalignments between your real life and your ideal one. [00:35:17] "Make a positive impact, regardless of your financial status." — Jordan Grumet Eliminating Friction [00:45:15] Identify and remove activities that add unnecessary stress without proportional benefit. Money vs. Happiness [00:42:32] "Money isn't the sole path to happiness." — Jordan Grumet True fulfillment comes from meaningful connections and experiences, not financial metrics alone. Chapters: [00:00:00] Introduction to Jordan Grumet [00:02:00] Discussing Sam's Story [00:03:10] Living Intentionally [00:35:17] Reverse Lottery Test [00:51:40] Closing Remarks Action Items: [00:07:10] Write your own obituary to assess life priorities [00:07:56] Commit to a yearly life review to realign with core values [00:35:17] Conduct the reverse lottery test on your daily activities Resources: Jordan Grumet's book: Taking Stock: A Hospice Doctor's Advice on Financial Independence — jordangrumet.com Earn and Invest Podcast — earnandinvest.com