Afford Anything

Your Last Thoughts Won't Be About Money, with Dr. Jordan Grumet


Listen Later

#572: At age 7, Dr. Jordan Grumet lost his father. This early loss shaped his career path — he became a physician, following in his dad's footsteps. But by 2010, feeling burned out from internal medicine, he took an unexpected turn: he became a hospice doctor.


In this episode, Dr. Grumet joins us to discuss what he's learned from thousands of conversations with people in their final days. 


These discussions have revealed a pattern: people don't typically regret their bank balance on their deathbed. Instead, they regret not pursuing the activities and dreams that truly lit them up.


Dr. Grumet explains the difference between what he calls "Big P Purpose" versus "little p purpose." Big P Purpose involves major life goals like becoming president or curing cancer. Little p purpose, by contrast, focuses on the process — finding activities you enjoy regardless of the outcome. 


He shares the story of a young professional who loved competitive cycling. While working a demanding nonprofit job, this person started fixing bikes at races on weekends. This side project combined his skills and passion, eventually creating enough income for him to reduce his full-time hours.


Dr. Grumet introduces three key concepts for building more purpose into your life:


- Joy of Addition: Add activities that excite you, even if just for 15 minutes daily

- Art of Subtraction: Remove activities that drain you

- Substitution: When you can't add or subtract, swap one activity for another


He emphasizes that money isn't the only tool for creating change. Youth, energy, relationships, skills and community can be equally valuable resources. A 22-year-old might lack funds but has the advantage of time and stamina that a 51-year-old doesn't possess.


Dr. Grumet references the Harvard Adult Developmental Health Study, which found that strong relationships — not achievements or money — most strongly correlate with happiness. He suggests that pursuing activities you enjoy naturally leads to building these vital connections.


The episode closes with a powerful story about his grandfather, who loved math and became an accountant in the 1950s. 


This passion influenced Dr. Grumet's mother to become a CPA, which in turn helped young Jordan develop confidence in math, despite his reading challenges. Years later, this mathematical thinking helped him diagnose a rabbi's rare condition — proving how small actions can create ripple effects across generations.


Timestamps:

Note: Timestamps will vary on individual listening devices based on dynamic advertising run times. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.


0:00 Introduction to Dr. Grumet, hospice doctor discussing end-of-life insights


1:06 Transition from medicine to hospice as side hustle


2:21 Hospice shifts from medical to emotional care


4:12 Palliative care vs hospice care explained


5:05 Age range of hospice patients


6:55 Life priorities and deathbed regrets


13:46 Harvard Adult Developmental Health Study on happiness


20:00 Purpose, happiness and flow states


26:35 Joy of Addition and Art of Subtraction explained


33:30 Using youth when lacking money


41:18 Calendar evaluation strategies


48:45 Managing family disappointment


56:08 Regrets as purpose anchors


1:03:26 Common end-of-life regrets


1:09:06 Small actions, big legacy


For more information, visit the show notes at https://affordanything.com/episode572

Learn more about your ad choices. Visit podcastchoices.com/adchoices

...more
View all episodesView all episodes
Download on the App Store

Afford AnythingBy Paula Pant | Cumulus Podcast Network

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

3,429 ratings


More shows like Afford Anything

View all
Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,170 Listeners

Mark Levin Podcast by Cumulus Podcast Network

Mark Levin Podcast

23,735 Listeners

Red Eye Radio by Cumulus Podcast Network

Red Eye Radio

1,280 Listeners

Financial Independence Podcast by The Mad Fientist

Financial Independence Podcast

1,654 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,983 Listeners

The Chris Plante Show by WMAL | Cumulus Podcast Network | Cumulus Media Washington

The Chris Plante Show

1,790 Listeners

The Rich Eisen Show by The Rich Eisen Show | Cumulus Podcast Network

The Rich Eisen Show

1,397 Listeners

Rolling Stone Music Now by Rolling Stone

Rolling Stone Music Now

1,004 Listeners

Jim Rome's Daily Jungle by Cumulus Podcast Network

Jim Rome's Daily Jungle

987 Listeners

Marriage Kids and Money: Personal Finance for Families by Andy Hill

Marriage Kids and Money: Personal Finance for Families

590 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,081 Listeners

ChooseFI by ChooseFI

ChooseFI

5,088 Listeners

Inside of You with Michael Rosenbaum by Cumulus Podcast Network

Inside of You with Michael Rosenbaum

10,128 Listeners

The Jim Rome Podcast by Cumulus Podcast Network

The Jim Rome Podcast

2,958 Listeners

Millionaires Unveiled by Jace Mattinson, CPA

Millionaires Unveiled

898 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,054 Listeners

Mike Drop by Mike Ritland

Mike Drop

6,410 Listeners

The Jim Rome Show by Cumulus Podcast Network

The Jim Rome Show

714 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

435 Listeners

Shawn Ryan Show by Shawn Ryan

Shawn Ryan Show

42,616 Listeners

Give Them Lala by Lala Kent | Cumulus Podcast Network

Give Them Lala

13,095 Listeners

The Candy Valentino Show by Candy Valentino | Cumulus Podcast Network

The Candy Valentino Show

174 Listeners

Risk Parity Radio by Frank Vasquez

Risk Parity Radio

240 Listeners

Personal Finance for Long-Term Investors - The Best Interest by Jesse Cramer

Personal Finance for Long-Term Investors - The Best Interest

113 Listeners

Two Sides of FI by Jason and Eric

Two Sides of FI

345 Listeners

All the Hacks with Chris Hutchins by Chris Hutchins

All the Hacks with Chris Hutchins

1,586 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

184 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,361 Listeners

The Benny Show by Benny Johnson

The Benny Show

2,058 Listeners

Talk Ville by Tom Welling & Michael Rosenbaum

Talk Ville

2,855 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

328 Listeners

What The Football with Suzy Shuster and Amy Trask by Rich Eisen Productions | Cumulus Podcast Network

What The Football with Suzy Shuster and Amy Trask

62 Listeners

U.S. Soccer Podcast by US Soccer | Cumulus Podcast Network

U.S. Soccer Podcast

5 Listeners

The Musers The Podcast by Cumulus Podcast Network

The Musers The Podcast

275 Listeners

Topical Fruit by Topical Fruit | Cumulus Podcast Network

Topical Fruit

3 Listeners