206- The Emotional and Mental Journey of Financial Independence and Finding Freedom Along the Way w/ Doc G
Journey To Launch
What gives you joy and purpose? This week on the podcast, Doc G, a hospice physician and the host of the Earn & Invest podcast, shares the emotional and mental journey to reaching Financial Independence (FI). Doc G explains that often we see money as the goal, but money is a tool to get to where we really want. We can very easily chase the end goal of financial freedom and feel empty and lost once we reach there and lose our purpose. The journey shifts when we start by discovering our purpose and prioritizing happiness today on the journey. Tune in to this week’s episode to hear more and learn how to use money as a tool on your path to freedom. In this episode you’ll learn: How Doc G reached Financial Independence (FI) Why he choose to continue working after reaching FI How to use money as a tool & lever The 5 stages of coping with FI What role mindset plays in achieving and enjoying FI and much more... Sign up for my FREE Pop Up Podcast Series, Building Blocks of Financial Success: Get Out of Debt, Save, Invest, and Achieve your Money Dreams”. First episode drops March 29! Go to journeytolaunch.com/moneydreams to sign up. Other related blog posts/links mentioned in this episode: If you missed enrollment, join the waitlist for my FI course. Doors to the Money Launch Club will be opening soon! So get on the waitlist to be the first to hear about it by going to moneylaunchclub.com Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12 Watch my latest segments on News12 YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. Connect with Doc G: Website Instagram:@EarnAnInvest Facebook:@EarnAndInvest Twitter:@EarnAnInvest Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the private Facebook Group Join The Money Launch Club Waitlist Join the Waitlist for My FI Course Jumpstart Guide
Ordinary Sherpa: Family Adventure Coaching and Design
Imagine you are 8 years old and your hero, your dad, a well-known and respected physician passes away unexpectedly. Life just gave you a moment of pain, learning and growth that is unimaginable to most kids. You decide your dream is to become a doctor. Despite the challenges in front of you like working through academic rigor with a learning disability, the grunt work of med school, through the trenches of residency, and years of unforgiving night shifts you achieve that dream and are a full-fledged medical doctor. Except in reaching your dream, you have built protective armor so you can’t hurt anymore, and your sense of humor has gone dormant. The path to the summit is a journey, filled with good intentions and aspirations; People rooting us on and society celebrating our achievements. But what happens when our fuel gauge is empty and our compass seems off? I don’t know where I first heard Doc G’s story, but I do remember feeling completely validated. My path was not that of a doctor, mine was a teacher. There is a dark side to every dream and today Doc G shines a light on the aspects of life allowing armor to crack, giving way for joy and purpose to seep in. His empathetic approach creates the space for individuals whose identity is often intertwined with their careers. Doc G is a husband, father, writer, prophetic storyteller and physician who discovered financial independence and opted out of medicine for a life of greater meaning and purpose. Doc G it is such an honor and privilege to have you here today, welcome to Ordinary Sherpa. To Connect with Doc GWebsite: http://earnandinvest.com Podcast: Earn & InvestInstagram: @earnaninvestTwitter: @earnaninvest Key Takeaways The identity that fits us best may not be the one that we grew up with or that others put on us. Having enough was as anxiety provoking as not having enough. Sometimes having too many options, too many decisions, too many possibilities can be numbing. Walking away from his physician identity created two losses. The first loss was his own grieving of all that he worked for. The second loss is when friends and family realize that their vision of you doesn’t align with who you want to be anymore. People don't like to question deep things. So they don't necessarily want you to either. When it was time to step away, he systematically started subtracting the things that weren’t fulfilling. What are the things in your life that aren’t adding value and how might you begin to subtract them from your life? Doc G testified he’s not nearly as good at doing the things now as he was at being a doctor. But today he can pursue these things he enjoys even if he’s not amazingly successful at them. This allowed him to pivot away from what he thought he was supposed to be doing and towards the things he wants to be doing. There’s no real pressure to succeed above and beyond enjoying the process. Deep connection is what happens when your purpose, identity and relationships all start to align. The need to explain yourself disappears. Connection naturally flows from identifying what your purpose is and embracing your true identity. Every day is a Monday or a Saturday or a Sunday or a Tuesday. He finds himself looking forward to Mondays, and sometimes on a Saturday afternoon he’s doing what other people would call work. It's a very free lifestyle without the constraints and borders felt from the traditional work week. If you can't say hell yes, you better start saying no. Some people mistake financial independence as once they have enough money they'll never work again. That's not it. It's that you only do the work you choose to do, work that adds value to your life. The real power of having control of your finances is being able to say no to the work you don’t want to do. Instead of looking towards goals, look towards processes that bring happiness and joy, regardless of the end point or a goal that they lead to. If the goal is becoming such a hassle or fearful to the point where you're not enjoying the process, that's a sign to pull back or change. Call to ActionI agreed to do a giveaway drawing the rest of March for listeners who left a Written Review and Subscribed to the email list. The giveaway is for a pint of our homemade maple syrup. You can watch the sap to syrup process @OrdinarySherpa on Instagram. If you would like to be entered into the giveaway drawing you can leave a review by going to ordinarysherpa.com/review for a tutorial on how to leave a review AND ordinarysherp.com/subscribe to join our email list and get adventure goodies delivered to your inbox.
187. Doc G Interviews His Siblings About Money and Growing Up
Earn & Invest
Doc G invites his siblings on to talk about money and growing up. Do siblings perceive their financial upbringing in the same way? We discuss frugality, careers, and financial independence. Learn some of the backstory on how Doc G came to have the financial habits he now has.
Is There More to Life Than Chasing Money or Importance? — Doc G
The New Man
Do you worry that you’re on the wrong path in life?Are you focused on goals and outcomes or doing what you actually enjoy?And what if there’s more to life than chasing money or the need to be important?Before Doc G became a writer and host of the Earn and Invest podcast, he was like many doctors. But after years spent chasing outcomes, money and building an ideal version of himself, he realized he was in a trap. Today we discuss how he reinvented his personal and professional life based on what gave him a sense of aliveness and meaning. We’ll also dive into our fixation on money, safety, and why death can be a wonderful teacher.In this interview:Is life forcing you to change?Who are you if you’re not chasing money?Joseph Campbell on feeling aliveDoing things to prove we’re enoughWhy ego gets in the way of meaning or purposePlus:Why Doc G got depressed once he was financially freeThinking if you were someone else you’d be free once and for allRedefining your life based on what brings aliveness and meaningChasing outcomes instead of enjoying the processDealing with resistance and self-doubtSearching for “hacks” to avoid discomfort, risk, and vulnerabilityAnd:How dealing with death on a regular basis impacts our ability to liveWhat is hospice?What is the dying process like?How does spirituality affect our ability to die peacefully?The fear of dying with peace instead of regretshttps://www.thenewmanpodcast.com/2021/02/doc-g-earn-investYou don't have to settle. Click here to learn the same mindset principles that Tripp Lanier uses with his coaching clients — including Navy SEALs, executives, and entrepreneurs. The Daily Toolkit is available for immediate download.https://www.thenewmanpodcast.com/Most men will let fear get the best of them. This book is not for most men.This Book Will Make You Dangerous is a swift kick in the ass that will make you laugh out loud. It’s a practical guide to play for what we truly want, to get over ourselves, and have a ton of fun along the way.This Book Will Make You Dangerous is now available at DangerousBookstore.com.https://dangerousbookstore.com
Turning Your Hobby and Passion Into Your Job with Doc G (Earn & Invest)
Financial Freedom Community
Today we are hanging out with Doc G. Doc G is a physician who discovered financial independence and semi-retired from medicine to write and podcast. You can catch Doc G every Monday and Thursday on the Earn & Invest Podcast. Timeline: 00:42 – Intro01:01 – Doc G’s Financial Freedom Journey06:00 – Thinking About Your Past Experiences09:41 – The White Coat Investor12:11 – Your Career as Your Identity13:52 – Turning Your Hobby and Passion Into Your Job26:08 – Rental Properties as Income32:51 – You Don’t Make Your Wealth By Investing37:30 – What Doc Go Would Do Differently?38:39 – Accidental Financial Independence39:35 – Doc G’s Hesitation with Retiring Early42:53 – Rapid Fire: What is one thing someone can do today that can have a lasting impact on their financial future?43:08 – Rapid Fire: What is the best financial advice you have ever received?44:04 – Rapid Fire: Share an internet resource, such as Raise or Rakuten with the Financial Freedom Community?44:37 – Rapid Fire: What is one book you recommend? Resources & Links: Financial Freedom CommunityFinancial Freedom Community Facebook GroupWhite Coat Investor BookWhite Coat Investor WebsiteFireCalcThe Simple Path to Wealth: Your road map to financial independence and a rich, free life – JL CollinsFinancial Freedom: A Proven Path to All the Money You Will Ever Need – Grant SabatierQuit Like a Millionaire: No Gimmicks, Luck, or Trust Fund Required – Kristy ShenEarn and Invest Podcast Thanks for listening! To get more Financial Freedom Community content directly on your device when it is available, you can subscribe on iTunes or Stitcher! Reviews on iTunes are incredibly helpful and very much appreciated! I personally read every one of them. Feel free to share your information there so I can reach out and say thanks. Thanks again! *Intro and outro music is provided by Michael Cat AudioBlixir, LLC dba Financial Freedom Community is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. You help support the Financial Freedom Community by reading our website, listening to our podcast and using our links.The post Turning Your Hobby and Passion Into Your Job with Doc G (Earn & Invest) appeared first on Financial Freedom Community.
Retiring Early: The Mindset and Process for High Paid Pros with Doc G
Passive Wealth Strategies for Busy Professionals
Doc G was an internal medicine physician when he discovered the personal finance community through a book called The White Coat Investor. Since then, he has left clinical practice to pursue his passion for deep conversations about money and life. In today's episode, we discuss the process and psychology required to become financially independent and retire early high-paid professionals. The steps Doc G took to put himself in a financial position where he could retire when he wanted. [00:01 – 09:28] Opening Segment I talk briefly about the great value that awaits you in this episode I introduce and welcome guest, Doc G Doc G gives a bit of background about himself Followed in his father's footsteps and became a physician Doc G shares the paradigm-shifting book that he read that help him decide it's time for him to move away from being a physicianThe White Coat Investor by James Dahle [09:29 – 16:40] The Mindset and Process Doc G talks about the process of slowly stepping back from his physician career Struggled with walking away from the identity he built Started pulling back from the things he didn't like as a physician Became intentional about how he generated income and where his money came from Throughout his career, he kept getting involved in businesses to fill out the things that being a physician could not fulfill. Quick Ad Break [16:41 – 16:42] [16:43 – 24:24] The Landlord DNA Doc G talks about his real estate investments Shares a story about the first property he owned His criteria in finding deals The role that real estate played in his journey Doc shares his secret to financial independence [24:25 – 31:46] Closing Segment Quick word from our sponsors What is the best investment you've ever made other than your education? "The more satisfying answer is the house we bought in Wisconsin." "The cheesy answer is my marriage." What is the worst investment you ever made?"My brother decided to work for an insurance company for a while, and he sold me a horrible whole life policy." What is the most important lesson that you've learned in business and investing?"So, what I really learned is that you can't pay other people to think for you. You pay them to advise you." Connect with Doc G online. See the links below. Tweetable Quotes: "I've done all the hard work of building what I needed, but I had no idea how to then take all that power, all that fuel, all that energy I had created and allow it to propel me to that next level of life where maybe I could start letting go of the things I didn't like." – Doc G "Ultimately, what I really want is time, and if I want to have as much time as possible, I'd stop doing the things I don't like and do more of the things I do like, and some of those do take money." – Doc G "When you decide that you have enough, the most important pivot is to go from returns to risk mitigation. Because you really don't need high returns anymore when you have enough. You need enough returns to maintain." – Doc G You can connect with Doc G on http://earnandinvest.com/ and listen to his podcast Earn & Invest. Join the Earn & Invest Facebook Group. Follow Earn & Invest on Twitter and Instagram. LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.
In this episode, I chat with Doc G, the popular financial independence podcaster and hospice Doctor, about life, death, and money. What does it mean to live a life well-lived? We dive into the top regrets of the dying, memento mori, and how his work has changed his relationship to money and life. We also talk about Western and Eastern philosophy and where we think the FIRE movement falls short. I hope you enjoy.
133: Retiring Early Doesn't Have to Be All-or-Nothing: "The Art of Subtraction" with Doc G
BiggerPockets Money Podcast
Doc G wanted to be a doctor since he was eight years old. He went to medical school, started his career and quickly realized he actually didn’t like all the parts about being a doc - and didn’t know how to leave the profession. Something he’d wanted for 20 years suddenly wasn’t so awesome anymore.Cue The White Coat Investor. He’d written a book and asked Doc G to read it and review it for his medical blog - and suddenly Doc G saw a way out!This way out didn’t have the expected results, however. Instead of jubilation, Doc G was thrown into a spiral of anxiety and depression. Something he’d wanted his whole life, this thing he’d identified with so strongly for so long, and the thought of walking away from such an enormous part of his life was terrifying because now he had a way to do it and it was suddenly real.Having always saved at least 50% of his income, Doc G went to his accountant - who was unfamiliar with early retirement and sort of threw out a number he needed to save to retire. His financial advisor was a bit more helpful, asking questions like, "how much do you spend in a year?" Not knowing, Doc G threw out a number, which turned out to be really close to what his accountant said he needed. But he was still unsure.So he did what anyone in the FIRE community would do - he started reading. Everything and anything he could get his hands on. He realized he had enough money to stop doing those things he didn’t like, so he started practicing what he calls "The Art of Subtraction." He removed the things that did not make his heart sing, so that he could focus on those things he DID enjoy.And his plan worked. He now can spend his working hours doing the things he loves to do, and does not have to do the things he doesn’t. He has focused more time on non-doctor side projects like writing and podcasting - where his enjoyment runs sky high even though the paychecks do not.As his side projects bring more joy, walking away from the physician thing gets easier and easier.Making plans for retirement is great, but today Doc G shares how to plan your transition into retirement which can be even more important! In This Episode We Cover:Doc G's specialty as a doctorHis journey into the medical fieldHow his life changed from being a doctor to investorHow his money journey beganThe art of subtractionStepping away from being a physician and leaving a large paycheck behindQuestioning what truly makes you happyDoc G's portfolioHis rental property businessAnd SO much more!Links from the ShowBiggerPockets Money Podcast 99 with Scott, Whitney Hansen, and Doc GBiggerPockets Money Podcast 6 with Sarah WilsonBiggerPockets Money Podcast 11 with JoelWhat is Hedonic Adaptation and How Can it Turn You Into a Sucka?Hacking Hedonic Adaptation to Get Way More For Your Money
Losing Your Income Identity After Leaving Your Career, with Doc G
The MapleMoney Show
If you’ve ever wondered whether there are limits to how much happiness money can buy, what better way to find out than to talk with someone who knows. That’s exactly what I did in this week’s episode of The MapleMoney Show. Doc G is a former high earning physician who gave up his practice to become a content creator. He now writes about personal finance and hosts his own podcast, called Earn and Invest. Doc G and I talk about financial independence, income identity, and we tackle the question of how much is enough? You can find the show notes for this episode at https://maplemoney.com/102 Our sponsor, EQ Bank, has partnered with TransferWise, to give Canadians a better way to send money overseas. The result is fully transparent and remarkably quick international money transfers that are up to 8X cheaper for EQ Bank customers. To find out more, visit https://maplemoney.com/eqbank