The Get Rich Slowly summer of books continues! Today’s excerpt comes from Jordan Grumet, better known in the FIRE world as Doc G, host of the Earn & Invest Podcast. When he’s not talking about money, Jordan is a real-life hospice doc. His new book, Taking Stockoffers lessons from the dying to the living.
The following is from Taking Stock by Jordan Grumet with permission from Ulysses Press. Copyright © 2022 by Jordan Grumet. This passage has been edited to be more readable on the web.
I used to have a patient who was an undertaker. We had many conversations about philosophy and practicality, and it didn’t take long for me to realize that one must gain profound insights from being engaged in such a unique business. As I was often fond of saying: When the undertaker speaks, you should really listen.
Those of us who have made death and dying our business may seem unlikely investment advisers, but because both the undertaker and myself have spent extensive time in close proximity to mortality, we’ve been given unique insight into what’s really worth investing in. What investing tips could someone in my line of business have gleaned from dealing with death and dying? Believe it or not, a few quickly come to mind.
These tips weren’t learned by accompanying the wealthy through this difficult journey — although the wealthy have much to teach. These tips weren’t siphoned off of the personal books of those who had little interest left in hiding their secret ingredients to success. These tips weren’t siphoned off of the personal books of those who had little interest left in hiding their secret ingredients to success. are simple, straightforward bits of knowledge gained from walking down this lonely path with those reluctant to be making the journey.
And believe it or not, most of what I learned about investing has nothing to do with money.
Invest in Yourself
Personal investment comes in many forms. Chief among these is self-forgiveness.
Remorse is common in humans of all stripes — living and dying — and its effects…