206. Purpose vs. Passion (and How to Make Money with Both) with Jordan Grumet

What am I here for? Can I actually make money following my passions? Big questions with even bigger answers –– but today’s (returning!) guest, Dr. Jordan Grummet, is here to guide us through figuring out that fine balance between passion, purpose, and building a financial future that supports our dreams and goals. In the episode, Doc G clarifies how to find “big P” and “little P” purpose in your day-to-day life, why following your passion may not be the best way to make money, and how to build in anchors to keep you grounded as you figure it all out. A fantastic episode for the start of the year, especially if you’re setting goals and feeling overwhelmed by it all. Looking for accountability, live coaching, and deeper financial education? Check out our exclusive community, The $100k Club: https://herfirst100k.com/100k-pod Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/financial-feminist-show-notes/206-purpose-vs-passion-and-how-to-make-money-with-both-with-jordan-grumet/ Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Jordan’s Links: The Purpose Code Jordan's Website Special thanks to our sponsors: Squarespace Go to www.squarespace.com/FFPOD to save 10% off your first website or domain purchase. Netsuite Download the CFO’s Guide to AI and Machine Learning at NetSuite.com/FFPOD . Gusto Run your first payroll with Gusto and get three months free at gusto.com/ffpod . Rocket Money Stop wasting money on things you don’t use. Cancel your unwanted subscriptions by going to RocketMoney.com/FFPOD . Quince Get cozy in Quince's high-quality wardrobe essentials. Go to Quince.com/FFPOD for free shipping on your order and 365-day returns. Public Fund your account in minutes at Public.com/ffpod and get up to $10,000 for transferring your old portfolio. Disclosure: All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed securities, options, and bonds in self-directed accounts are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing provides a High-Yield Cash Account, where funds are automatically deposited into partner banks to earn interest and qualify for FDIC insurance; Public Investing is not a bank. Cryptocurrency trading services are provided by Bakkt Crypto Solutions, LLC (NMLS ID 1890144), licensed by the NYSDFS. Cryptocurrency is highly speculative, involves significant risk, and may result in the total loss of an investment. Cryptocurrency holdings are not FDIC or SIPC protected. A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC. Deposits are used to purchase 10 investment-grade and high-yield bonds. The 6%+ yield represents the average, annualized yield to worst (YTW) across all 10 bonds, as of 12/13/2024, before fees. A bond’s yield depends on its market price, which fluctuates, so YTW is not “locked in” until purchase, and your yield may differ. The “locked in” YTW is not guaranteed. Selling bonds before maturity or issuer defaults can result in lower returns. Public Investing charges a markup on each bond trade (see Fee Schedule). Bond Accounts are not personalized recommendations or tailored to individual needs or risk profiles. For details, see Bond Account Disclosures. Alpha, an AI tool powered by GPT-4, is experimental and may generate inaccurate responses. Its outputs are not investment research or recommendations and should not be used as the basis for investment decisions. Public does not guarantee the accuracy, completeness, quality, or timeliness of Alpha’s outputs. Always verify independently before use. *Terms and Conditions apply. Learn more about your ad choices. Visit megaphone.fm/adchoices