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Money Meets Medicine Podcast

MMM 73: How Financial Independence Retire Early Can Burn You

Money isn’t everything, but money is a tool that allows you to live life however you want. However, too many people think that getting to financial independence means you have to chase it while you’re young. In today’s episode, you might be surprised to hear why we don’t recommend this and what you should be doing (and when) to reach financial independence… while enjoying your life.  

The Alpha Coaching Experience IS OPEN NOW! It is the premier coaching program that teaches doctors who feel trapped in medicine how to find the personal & financial freedom they need to practice medicine however they want. Join today by clicking here –> http://thephysicianphilosopher.com/alpha 

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Today You’ll Learn

  • How chasing after financial independence can burn the candle at both ends
  • The ultimate purpose of money (and how most people completely miss this
  • How to get to financial independence while you still enjoy the journey

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It is long been my dream to help any doctor. I can practice medicine because they want to. And not because they have to, but in order to do this, you have to have financial independence. You have far too many doctors. I know chase so hard trying to get there that they often burn out. Is there a better way to chase after financial independence? That's what this show is all about. This man's got a dream. Let's talk about it. Oh, [inaudible]

It's medicine podcast where we talk all about the personal finance topics you had wished you had learned in medical school. I'm your host, Ryan Inman. And here's our co-host whose favorite soccer teams are the sharks and the rapids. Y I'll let you tell him Dr. Jimmy Turner. Yeah,

It's been a ton of fun. So my two older kids started playing soccer together for the first time. Really ever. They've both played individually before, but they're playing together and yeah, I've gotten to coach Wesley on the rapid soccer team. And Chris has been coaching our oldest grace on the sharks. So those are my two favorite teams. And honestly, when I was working full-time medicine and my schedule was just completely erratic. And I didn't know exactly what days I'd work and what days I wouldn't the idea of me coaching. That just didn't really seem like a possibility. Like it was just something I always wanted to do, but I never could do, because I couldn't depend on whether I'd be out of the hospital in time and I can do it now, but only because I've started to have some financial freedom in my life due to a healthy savings rate and through creating cash flow outside of medicine, through the physician philosopher.

And so it's really through that experience at the physician philosophy, I've seen so many clients in the alpha coaching experience. Basically they burn themselves out and they have this experience where they're like you arbitrage or trying to save a bunch of money. And in the process, they are doing it so much that they're not pursuing the life that they really want. So we really help clients figure that out. But we're going to share some lessons that I've learned and Ryan that I know you've seen a ton of in your financial advising practice, the idea of money, mindset, and financial planning and how these things really wrap into living your ideal life, but they can often or sometimes work against each other. If you don't really get this right

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By going to Dr. Podcast network.com/advice media. And again, we always like we do put the link in the description of the show. You're listening to us in right now. So Jimmy, as we dive into this topic of financial independence and how it could burn you, I think this is going to maybe throw you off. Maybe not. I hope it throws you off. You probably won't though, is that I think in a very small way, like you and I are to blame for it as well, as well as everyone else that does podcasts or blogs or YouTube, because we talk a lot about personal finance and the things that someone should or shouldn't do. And sometimes physicians have somewhat addictive personalities and get into something and then really get into something. And if they're one of those that got into personal finance and started reading physician philosopher in the early days, or started reading financial residency in the earlier or listening to the podcast are now listening to this one.

We nerd out a lot about money. And recently I say that in the scope of how long you and I have been creating content right recently to us as the last, like two years, we've been really pushing more of the behavioral side of finance. But for years before we were pushing the quantitative side of finance and how to do these things. So part of it, I think we are in a very, very microscopic way to blame for people going overboard. Because when we talked about geographic arbitrage and all the good stuff that goes along with becoming financially independent, there's a long, hard road. And obviously everything in extremes is bad. So if they jump into that deep end and sacrifice everything in the short term, they're going to be pretty miserable. And we hadn't really talked that much about it. And until more recently. And so I'm excited to jump into this one and hopefully scale back a little bit and talk through some of the things that we've seen. We work with hundreds of physician clients, and we've seen lots of different stories of how this affects them, whether it's with their family, their career, the financial situation, it has long lasting and widespread reach throughout your life. If you're unhappy, it's

Been really interesting because this is just a process that happens so often. And I don't know if it's just an American phenomenon, but I'm American. So I presume it's America. I guess it just happens here. Stupid. That's right. Don't ask

Me what accent that was by the way. I have no idea.

Yeah. You want a Russian and I speak a Russian. You want a Spanish? I still speak a Russian. That's all I got. You got one accent. So the pendulum swinging so far though where we were all about numbers and metrics and getting to financial independence and the 25 X rule and people really dug into that. And then as we realized people were going gung-ho and going off the ledge, Jason, after this goal, we started to find some balance and swing things back the other direction. And so I feel like a behavioral finance side is balanced to that pendulum where it's swinging back more towards moderation right now, which is nice to see. But yeah, we see this all the time too. And the reason that, you know, from a coaching perspective, why this stuff happens, there's something that we talk about. It's called the motivational triad, where people are seeking pleasure or avoiding pain and trying to do either of those things as efficiently as possible.

And so I see it all the time and my clients are like, well, really what I'm trying to do is get out of this job that I don't really like. And so I'm trying to save as much money as I can to avoid that pain. And then I'm going to hang it up and I'm finally going to live the life that I want to live. And so they are gung-ho financial independence all the way in, and we've had so many people at this point go through alpha that have had this experience that I don't even know where to start to be honest with you, but

Interrupt for a second. So if we think about the person that is sacrificing their short term life and enjoyment to save everything they possibly can, by going to do something that they absolutely love, that just magnifies the problem even more now, financially it's a lot better, but emotionally and everything else, it's almost as bad as the person that spends all their money in the short term, doesn't think long-term at all, but has to keep taking on extra shifts and doing things extra in order to afford the lifestyle that they've kind of amassed. And you might be like, oh, I feel so bad for the person that's chartering jets and going to really nice vacations except for that person. Normally isn't that happy? Right? So if you've got both extremes and they're likely both, not that happy, it should tell you like, again, back to anything in extreme is bad, but there needs to be that happy balance.

And why Jimmy and I talk a lot about the behavioral side is really important because we want you to live life and be happy now, but also not completely screw yourself for 20, 30, 40 years from now, when you aren't able to practice medicine and you need to have some sort of assurance that you can retire. So we have to do both and you've balanced both and it's tough, but the math doesn't lie, but the behavior aside, like we can lie to ourselves, we can trick ourselves into thinking anything. We want to think. That's the unfortunate part of, I think being somewhat intelligent is that we can justify, we can rationalize. And if we wanted stick to the things that we really like and the things that motivate us and you know, I come back to spending and everyone's like, of course you're coming to the budgeting concept.

Right. But the idea is that if I know where things are going and I'm like, I didn't enjoy that purchase. Why did I do that? Well, then the next time that purchase may come up, I'd be like, nah, I'm good. I'm not going to do that. I'll allocate the money somewhere else. Doesn't mean that I'm going to hoard it. Like Scrooge McDuck down in my big vault of gold coins. That would be cool, but I'm not going to do it. Right. I'm going to allocate that somewhere else. That brings me more joy, more happiness, or the family, more joy and happiness for sending the kids to a little more expensive of a camp the summer versus, Hey, I clicked buy on Amazon again. And those are the things that we're trying to get everyone to kind of see, as we talk through this stuff,

Ultimately the reason why we do everything right, is because of the story that we're painting to ourselves. Like, oh, when I buy that next thing on Amazon, like you're saying, or if I buy the truck or the car or whatever that it's going to make me happy, like it all goes back to that motivational triad, like you're trying to seek pleasure, avoid pain. And I think that the rational of this is really pointing out. And I think this is where we go. A lot of the times when we're talking with people is the idea that like, don't lose sight of the fact of like, what is money for, what is the purpose of money? And when you walk people back, you're like, all right. So like, why do you want all this money? I'm like, I want to be able to cut back. I want to be able to live the life that I want.

I want to be able to whatever. And ultimately it comes down to, they want to be able to be in control of their time. And that is really the purpose of money. Right? Money is a surrogate for time. And when you help people realize that and you're like, okay. So like right now, what are you doing? You're sacrificing all of your time to get to your goal so that you can then have time. Like you're giving away the very thing right now that you're trying to save to get later and exactly what you're saying and how many people do we see the do this. And then by the point that they can have that time, you know, the kids are gone, their life has moved on. They are in a different place. And there's some experiences maybe that they don't have the health to experience. And so things have changed. And so somewhere in here is this moderation of where you get to enjoy your time now while you're saving money so that you can then enjoy time later with that money you've saved. There's a balance in here and it's different for everybody. But finding it is so important.

Yeah. We've mentioned geographic arbitrage, right? And the ideas don't live in Southern California. If you want to save a lot of money, don't go live in Manhattan. Don't live in Seattle, these massive cities, which T calling the kettle black, like I live in Southern California. And that's where I grew up. I've lived here and we're okay with that. We know that if Taylor was to go somewhere back home to Kansas in the Midwest, she'd probably make a whole lot more money. Anyway, cost us, even if she made the same amount, it would cost us a whole heck of a lot less to live. So therefore our money would go further. And some of you please don't be offended if you live in the Midwest for us, that would be a very significant change in our expenses. For those that may be live in them at us.

This might be you now go live in a small rural area and you're cutting your expenses even more. Obviously I think the medicine would probably be a lot tougher if there's not a massive network around you, a lot of props to the rural docs out there. But the idea is that if you move from I'll use Kansas city as an example, which is a large metropolitan area, but it's not as expensive as Southern California. And you move out to some smaller town in rural Kansas, your cost of living. It's going to be a lot less, where's your income. Even if it stayed the same normally would actually go up because there's a real need and they have to pay up for people to go live out there. And that's what we're talking about. But if you get there and you're absolutely miserable and you hate what you do, the money honestly might not be enough.

There might not be a number that tells you, Hey, I grew up in, I'm going to sound hoity toity here for a second. I grew up in Southern California. I love the ocean. I love the climate. I would be miserable living in a very rural small town in Kansas. I would be, it would not be fun for me. And I don't think there's enough money to pay me to want to go live there and give up the life that I've known my whole life and enjoy to do that. And I know that. So I'm not going to do that, or I'm not going to tell Taylor to go do that. But sometimes we're motivated by going well, look, internal medicine. I could go to this small town or instead of making 190 K or 200 K in Southern California, I could make 350 K that's a lot more money. You know how I could cut my working years by 12 years. How amazing would that be? Sounds amazing if you'd like it, but for 15 years, you're going to hate your life. That isn't worth it. There's no amount of money that should say you should sacrifice 15 years of your life more. Right? Because think about the amount of time it took you to become a physician that was a lot of sacrifice and pain, and there's some joy in there. But now another 15 years, you

Know, I often tell the story of one of the clients that we had that did that exact thing. So they were from a Northeastern big city wife had a doctorate degree in a different field. And they geographically arbitrage to this really small town and started working there. And the guy had a couple opportunities where he basically started this group. And then as the group got bigger, the hospital didn't really need him as much. And so they talked about like these leadership positions he was going to get, and then the group got bigger. They didn't really need them in those positions anymore. And then it got really bad and he started getting treated poorly and started burning out to the extent that they almost let him go a couple of times, but he stayed in the job despite it not being good for them or good for him because he was making half a million dollars a year.

He's making a lot more money. And that's what he told himself. Like I'm making a lot more money here. I'm going to make so much less fun move. And it was an interesting thing because his wife couldn't finish her career because they weren't in a city where she could do that. And what she did, the kids weren't particularly happy. They were far from family. Like he was making good money and he's like, but if I move my financial independence, timeline's going to be moved down the road. I'm going to get there in five years. And if I move, it's going to be delayed. And I was like, well, how much are we talking about right now? Like, you're miserable. It's the extent where like, I've literally brought both of them on to be coached at the same time. It's one of the most powerful sessions we had that time.

And it was because like, you know, we tap into the fact like they weren't as stuck as they thought they were, but they were sacrificing six, seven, 10 years to get to this life where they can someday move back closer to the city that they were from and your family and friends and less sort of stuff. And they ended up realizing like it wasn't worth it. And I think this is hilarious because it's just as a great example of how we tell ourselves things all the time and accepted as fact, even though it's not here, I moved closer to the city. I'm going to make less money because then I'm not going to be geographically arbitrage. And because we teach people these principles, he ended up moving back closer to the city and made just as much money had more time off. It's closer to family. His wife could finish his career. Like I'm in grand slam. Everything was better because he stopped accepting the story. He'd been telling himself that he couldn't move or he's going to make less money. But basically they were there for several years. And in that situation, even

If you moved though and made less money, still be worth it. If you said, Hey, look, my financial independence is in five years. If I stay miserable or it's nine years, if I move personally, I would choose nine years, all day long, a hundred percent. I already know though for myself, like I won't stop working granted, I'm not a physician and I don't have to deal with the system. Can't stop, won't stop. But I really won't. I'll keep doing something and having fun. And while I do it, I'll just be bored. I'll be obviously bored. So I know that if I need to expand or lengthen my financial independence, I'm okay with that because I'm still pretty much going to keep working in some capacity. All

Right, everyone, Jimmy here, I wanted to quickly let you know that we are finally opening up the doors to the alpha coaching experience again, but you can only enroll for the next five days before closes again for another three to four months. So if you're a physician who wants to learn how to master your money and your mindset so that you can practice medicine because you want to, and not because you have to, this is the only coaching program of its kind, where we teach doctors how to do that using the three pillars to physician freedom. So if you have ever felt trapped in medicine, or you simply want to go from good to great, let us help you master your money and your mindset to learn more about the alpha coaching experience, visit the physician, philosopher.com/alpha. The link is also in the description of the show notes and the podcast player you're listening to right now, doors closed at midnight on June 14th.

So don't miss it. I'll see you there. Now back to the show. I think that's a great point because that's actually where we got to in that conversation was exactly that thought process. Hey man, like if you just delay your timeline by a few years, wouldn't you rather be happier for eight years instead of miserable for five. And that's what got him to start looking at other jobs. And then the job ended up landing ended up being like even better than he thought was possible, which is hilarious because he'd already accepted. Like if I make less than it delays my timeline, like that's fine. And he got there and the job was better. And so it was just like this awesome situation where he stopped telling himself this story and believing and questioned it, excepted that he's going to take a little bit longer. And then it turns out it's not, if you're stuck in a situation where you feel like you're beating yourself into the ground, trying to get to that number, whatever that number is for you, it may not be worth it. And it may be worth making a change to delay the timeline a little bit, to get there a little bit later so that you can actually enjoy life today. I think that's something that's not obvious to people until it gets pointed out to them.

Yeah. And if you think, if I just made more money, I wouldn't experience these issues or have these issues. I can tell you we've worked with someone that made seven figures a year and he was doing like 500 procedures a month and burning himself out and working six, seven days a week and was a wizard in his field. Like I have no doubt that he was absolutely amazing at what he did, but it sacrificed everything. And working with this person, there was some, Hey, maybe I don't need to do all of this. And maybe I could have my money start working for me a little bit more because the motivation was I've got five years and then I'm going to burn out. It's like, well, no. Like you're working a hundred hours every single week and not sleeping. And just working and working and not traveling, working and not traveling or seeing friends or family.

And everything's been sacrificed. Like, of course you're going to burn out no matter how much you love what you do now, granted, they were doing this because the more they worked and the more procedures had, like they were part of a massive private practice and there were a partner and he was pulling in like 1.1, 1.2 a year. It's hard to go. Huh? If I just did this for five years, like, I'm good. It's hard to fault that. But five years, six seventies a week. Not taking time off, no traveling, no friends, no this, no that like, you're going to last like two months and then you're going to want to like scream. And this has been maybe two years of doing this. So a lot of our conversations were around. It's okay to say no, it's okay to structure more personal time. It's okay to take a vacation.

Right? I've had clients that are, you know, dual physician clients, but they're making some really good money and they don't want to spend any of it because they want to be financially independent. And these are later career clients, but they hadn't done the math. They knew that they were saving really well, but they'd never really traveled, especially outside of the U S and we walked through goals and talked about it. And it was a dream of theirs to visit Europe. Why haven't you, do you want to do that? Do you truly want to do that? Yeah, but we can't afford them. Like you can't afford it because in reality, you're going to be financially independent in about two years and you still have eight working years left. And the spouse had bought three working years left. That was like in their mind, not through math, that was in their mind what they wanted to do.

I was like, but you can afford a really nice vacation. You could take the kids and go to Europe and afford a really nice vacation. And in fact, you could do that one time every year and be totally fine is like a, not a light bulb moment. It's like a lighthouse spotlight. Their faces went wide. It was almost the permission to spend money, but they'd gone so long and so far, and they loved what they did and they weren't burning themselves out with hours, but they burn himself out on the other end of just not spending that much money and not realizing that, oh, I probably can't afford that. And I don't have to sacrifice everything. They weren't sacrificing their time, which is fantastic. They spent time with the kids. They did all sorts of fun stuff locally, but they'd always wanted to travel and they never want to spend the money because they didn't think they could afford it. So this is the other end of this. Isn't the, Hey, I spend everything and I can't afford to actually retire where we're talking about the other extreme today.

So it's reminds me of quote and I can't remember where exactly I heard this from, but the idea of don't retire from something retire to something. And the idea of, if you're trying to get to your number, because you hate your life, you hate your job. That is not a great place to be. And if you're busting your tail to get out of medicine, that that should be a breadcrumb. That life is leaving you, that maybe something needs to make a change. So if you feel trapped, you feel undervalued, unheard unappreciated. You thought about going part-time or leaving altogether because you are miserable in medicine or because you don't like your life right now, retiring and getting your number as strange as it sounds is not going to solve everything, which is why I talk so much about both things like money and mindset. The physician philosopher podcast exists about mindset and why we have this story about money and why you and I love talking about both. It's so important because when you're retiring from something and right, you see this more than I do, man, where you have clients that retire and they hang it up because they're miserable. And they're like so excited. I finally get there and then they retire and they find out six months later that they're bored. And guess what still miserable. And so it's like, if you just give the mindset piece and you don't learn how to retire to something and work on why you're not happy, it turns out that money doesn't solve that later. Let's

Just say, there's an event. Let's say it's golf. Okay. That's an easy one because everyone's like, oh, let's play a bunch of golf. Hey, Jimmy likes golf. I like golf. Unfortunately, it's too expensive here in San Diego to play golf. And maybe this is stereotypical a little too much, but let's just say that that's what the client is saying. Like, I'm going to retire. I'm going to play golf five days a week, about four months, three months in golf becomes really boring. They never had a plan and they didn't think through it. It was just like, I like this. And so I'm going to do that. Whereas if you think a little bit more through, what is it that you would be retiring to? And it's not just golf five days a week in substitute golf or whatever it is. I really like knitting. So I'm going to knit.

You're probably not right. You're probably going to want to do other things. And so think through those and write down those things. Just like we talked about writing down goals and having smart goals where it's specific and it's actionable and time-bound, and it's measurable. And it's achievable go through and write things that you would like to do. Especially if you're later in your career, what you'd want to do. What does that ideal day look like? All of you right now, boom, you all have bill gates, net worth or Warren Buffett's net worth. What are you doing today with your life? What are you doing tomorrow is every day, a weekend. And what would you do on the weekends? There's only so much time you want to go to the beach or play golf, right? So what are you going to do? Some of you would still keep working, right?

But you'd be working in a different capacity. You might be donating your time at a free clinic. You might be switching into public health. You might say F it, I'm not doing anything with medicine. And I'm going to open up that pottery barn place that I want to do a brewery and inviting Jimmy. And I, we would love that. Happy to throw back a couple of your beers and give you some feedback on if they're good or not. Hint, they're probably good. Cause we'll drink anything. I think this point, but especially me having to deal with Jimmy multiple times a week.

Yeah, man, it's a tough life. It is.

You guys don't even know. Right. But the idea is that you're going to retire to something and you're not retiring to one thing, right? You're going to retire to multiple things and thinking through what those things are and how they would affect you. And while I would like to travel here and I would like to do this, but your one thing isn't just going to be, I'm going to travel everywhere because you will be absolutely burnt out on traveling and want the vacation. You know, we've all taken those, right? You take this awesome vacation. You come out and you're like, I need a vacation from my vacation, retirement. And I'm just going to vacation all the time. You're going to have some home time. You're going to be doing other things, other activities. So think through what those would be and an easy way to do that is pretend like you had unlimited wealth, right?

Again, back to Warren Buffett, yours, billions, what would you do? And that should help guide you down the path of, are we doing some of these things or can we do some of these things now in that ideal schedule, I would literally write out some of you might not like this exercise and some of you might love it, but I would write out from when you wake up to, when you go to bed, what would you want to do every hour? And every day is going to change, but you could start to craft something pretty nice and you can craft it to be a weekday a weekend, whatever you want again, unlimited wealth. And then I'd come back to you. And my question would be, how close are you to this ideal day right now? This is the stuff that would truly make you happy.

We removed money. This is going to truly make you happy. How much of this day are you currently doing? And if you say 0% or 5% awesome, you know why? Because you're going to add a lot of cool stuff to your life in the next, probably few years. And for those that are 90% or a hundred percent, I'm super jealous. I don't know anyone. That's doing a hundred percent of that. And if you are like, you are amazing email us. We probably want to talk to you on how you've done that. Right? Cause that is really, really hard to do. But for the majority of you, you're going to be nowhere near either of those extremes, maybe towards the lower extreme you might be. And then what can you do every week to get 1% closer? So you're not doing it every day and every week, what's 1% closer to that ideal schedule, that ideal day or that ideal week.

Some people have an ideal year and they plan out by month. Everyone has different likes the exercise in a different way, but that's how you make small incremental changes. And so over a year you will have made some significant progress hopefully to living out that ideal day and not feeling as burnt out or as stressed or talking about money. There's no get rich quick in finances. There is none, right? And there's no get rich quick, quick blunt in the emotional side of this and the behavioral side of this. It takes time and effort and actual thought and being diligent and planning out how this stuff feels. So that's an exercise. I always like to have our clients go through and talk through what that might look like. And I always surprise them at the end and go like, what percentage of your day right now it looks like this. And what can we do a little bit different to get closer? And then we start checking in on that and start asking that, and we're actually trying to get you closer and you guys can do that yourselves. You don't have to hire anyone to do that. If you absolutely won't go through the exercise, then Hey, you probably would benefit from hiring someone, but go do that exercise. Talk through it with your significant other it's really important stuff. Yeah.

This is funny, but also somewhat depressing, but outside of vacation for the first time in, I don't know, five years, something like that, the other day, Chris and I, we didn't set our alarm clock. And we had just gotten back from my brother-in-law's wedding, Chris and his brother's wedding. And so which they were in California, in Santa Barbara, beautiful part of the country. And we get back and all the kids are still on California time in their head, like sleeping. And so for the first time, in five years we did set an alarm and I woke up and I just felt refreshed. And I opened my eyes and the sun was coming in the room and my body had finally had enough rest. And it was like, I don't know, eight or eight 30 in the morning and normal Turner household, all the kids wake up at six 30, six 40.

So no matter how much more you want to sleep, like six 30 or six 40, you know, quote unquote, sleeping in. And right after that happened, I actually had the thought like, how interesting is it that on my ideal day I would absolutely sleep until my body just naturally wakes up, go get a cup of tea, maybe work out, do some productive tasks, book off balls, the range in the afternoon. And like how very, very rarely I experienced that exact thing. You know what I mean? Like almost never. And so I'm aware of what I want and what it would look like. And like you said, working gradually to get there 1% at a time. I think it's such a beautiful way to think about that. And it's one of the reasons I'm going part-time starting in July is to make that day, that time happen a little more often.

But I couldn't agree with what you're saying more earlier either, which is that I used to think of just me, like I'm just a productive person. I want to create stuff and be productive and all the stuff. But I think everybody, I think it's a human nature thing to need to be productive with your time. And so I think anybody that hangs it up and retires and or goes, part-time like when you have all this extra time and you all of a sudden have, if you're not being productive, you're going to end up being bored and going through the process, figuring out what that ideal day looks like is often going to involve doing stuff and being productive. Because whether it's, you know, the time at charitable organizations or whatever, so it's gonna look different for everybody, but going from this financial independence mindset where you just try to burn yourself out, to get there as quickly as possible to this other end of the spectrum and more towards moderation where you are spending time, thinking about time, which is what money is all about is your time and what that day would look like.

I think it's a process. So if you've tried to do this and you've tried to have that ideal day and then found out it wasn't your ideal day and that it needs to be a little bit different. That's part of the process. So every day working 1%, you know, I think is a great way to think about it and definitely what I try to do too. It

Absolutely is going to happen that way. When we do the kinder institutes, three questions, we've been doing those for years and I've gone back and looked at those, we've had clients go back and be like, did I write that? Like, yeah, you wrote that. That was you, right? Cause we all change. We're humans. I promise that's your handwriting. I can't mimic that chicken scratch only. You can actually read it too. It's kind of cool. But the idea is that things change and that's okay. And being open and receptive to change is what is going to have to occur, right? A willingness to plan and a willingness to adapt and understanding that you've got a goal and the goal change, but you're still going to have those goals and we're still going to make progress. So what that is, and if you can make incremental progress, literally 1% a week, if you can do one task or one thing and change one behavior or one mindset, you will become a better person.

And it won't take that long to see some real impactful change, but we're really bad at estimating what we can do over a period of time or specifically a day, but even longer round. But if you're making one person changes a week, it's a 50% plus change in a year. That is going to be very different and I'll end it with Jimmy. We all, I think have little kids think that waking up and not being yelled at the covers pulled off. I don't know, hit with something at five 30, six, six 30 in the morning. I think that's how all of us want to start our ideal day. Just throw a hundred out there, but at some point that will happen. And I think we'll miss it because then there'll be out of the house and this is going to stink. So I'll take it.

But yeah, sleeping in it would be nice and waking up with the sun and not a screaming toddler. All right. Well, before we end here, let's say a special thank you to our sponsor. And that was advice media. So don't forget to check them out. If you're looking to improve your websites or need strategic insights on what your current online presence is doing or not doing, that's okay too. And you can contact advice media by going to Dr. Podcast network.com/advice media. Like we always do. We'll put that in the description of the show. You're listening to us and right now, thank you so much for being here. We really truly appreciate each and every one of you, hopefully we're changing your life 1% at a time. That's Jimmy. Nice little secret goal is to have you guys make small, tiny little incremental changes in your financial acumen every single week. So you can feel more confident with your finances. Have a great week. Everyone. We'll see you next Wednesday. Cheers. All right. Take care.

[inaudible]

Hi dad. Dr. Jimmy Turner is a practicing anesthesiologist. Mr. Ammann is a fee only financial planner. You should know that this show is not personalized financial advice free. In fact, the show is only for your general education and entertainment purposes. So keep listening to learn how to become a fleet yourself, an angel girl, or go find a great fee. Only financial planner like Mr. And Lynch create a personalized financial plan for you. You're a robot.

Yeah, there you go. Default,

Micah. You're good. Nathan heads up this software sucks. So we might turn into robots at some point, but the good news is one of us will hear it and start screaming because it's loud. All right. Okay. Let's prioritize the char. Yeah.

TPP

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