390: Net Worth Of $10M - Finding Purpose & Meaning

Summary In this episode, Doc G shares insights on his journey post-retirement, discussing his evolving mindset towards spending, the transition from accumulating wealth to decumulating it, and the emotional challenges of withdrawing from his portfolio. He has a net worth of $10 million. His diversification hasn't changed much since he first appeared on the show in the early days when his net worth was just over half of what it is today. He shares how he has started withdrawing from his portfolio and the emotional impact that has had on him. He also delves into his writing journey, particularly focusing on his new book, 'The Purpose Code', which explores the concept of purpose in life and finances. Throughout the conversation, he reflects on the importance of finding fulfillment beyond just financial success and how this shift has influenced his relationship with his children. Takeaways *Doc G is busier than ever post-retirement, focusing on passion projects. *He is learning to let go of his fear of spending money. *The transition from accumulation to decumulation is a significant shift. *Withdrawing from his portfolio has been an emotional journey. *Writing has become a central part of his life and purpose. *His new book, 'The Purpose Code', explores the concept of purpose. *He believes that purpose can be both a source of anxiety and fulfillment. *Doc G emphasizes the importance of using various tools for a fulfilling life, not just money. *He aims to model a life of purpose for his children. *The conversation about money has evolved into a deeper discussion about fulfillment.  Sponsored by: Wine Access

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Millionaires Unveiled interviews and tells the stories of everyday millionaires. We provide detailed insight into their investing strategies and current portfolio allocation. How did they get started? What decisions did they make along the way? How has their portfolio allocation changed, and what are they doing now to not only keep, but also grow, their highly sought after "millionaire" status? From these extensive and thought provoking interviews, you'll be able to assess your current portfolio allocation, learn investing strategies, and join the fast track to financial success.