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Financial Vitals - The Dangerous Pursuit of Financial Independence

Financial Residency
Financial Residency
Episode • Jan 19, 2024 • 44m

For some physicians, achieving financial independence is the end-all-be-all to living the good life. Pursuing it can be fantastic when well-balanced and a key factor to reducing burnout.

In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks too Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Sky view Financial Planning, about the pursuit of financial independence.   

Topics Discussed: • What is financial independence? Financially set for life

• Pursuit of Financial Independence: Be reflective, thoughtful, and understanding

• Does financial independence buy happiness and solve life’s problems?

• Physician’s Perspective: Achieve financial independence sooner than later

• Field of Medicine: Doctor’s motivation is to help people, make money, escape

• I.R.E. Movement: Pressure to payoff student loans in extraordinary timeframe

• Time and Money: What’s more important? Do you trade dollars for time?

• On Living a Rich Life: What would make your life really rich?

• Busy Work: Sacrifices need to be made from time to time - no regrets

• Vision Document: What do you want your life to be like?

• On track or not? Ask someone you love and trust to provide honest feedback

LINKS:

www.WrenneFinancial.com

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