The Dangerous Pursuit of Financial Independence

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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 to Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Skyview 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:

Donovan Sanchez’s Website

4 Ways Financial Independence Fights Burnout

On Living a Rich Life

How Conflicts of Interest Muddy the Financial Advice Waters

Financial Independence Retire Early (F.I.R.E.) Movement

Breaking Away From Traditional Primary Care to Start a Primary Concierge Service with Drs. Cady and Ryan Brown

Citizen Kane

Contact Finance for Physicians

Finance for Physicians