In this podcast, Dave Denniston reveals 3 life lessons from two of his role models- his Grandma Frances and Great Aunt Margaret.
– The HUGE lesson he learned from Aunt Margaret that’s dictated his view on money
– The life lesson from Grandma Frances that is the whole reason why he does videos like these
– How he marries together these two lessons and what we can all apply from this.
Let us know- what life lessons did you learn from your friends, family, and role models?
This is Dave Denniston and welcome back to The Freedom Formula for Physicians Podcast. Well, today, I’d like to tell you a little bit about me and 3 big lessons that I learned from two people close to me.
Two people that were huge influences in my life were my dad’s mom, Grandma Frances, and my great Aunt Margaret. Now, I come from a really small family. I am an only child. So, my immediate family, including my cousin and Aunt, there’s only about 5 or 6 of us. Well, I guess maybe 7 or 8 if you include the new kiddos. What I’d like to teach you today are three lessons that I think we can all apply.
First, let me tell you about my Aunt Margaret. My Aunt Margaret & Uncle Phil lived in Southern California, which is where I was raised originally, they lived in Redondo Beach.
Aunt Margaret and Uncle Phil were basic folks. He worked for the railroads, Union Pacific, and she worked at Pabst Brewery and got all kind of great drinks for Uncle Phil to consume. They had a small kiddo named Marty and unfortunately at the really young age of two, he choked on an apple core and died.
They didn’t have any other kids. So, they focused on one thing in their lives and that was to become millionaires. So, they go through this life, regular people with regular jobs, and they save and they save and they save and they became multi-millionaires.
What i really learned from them was one huge lesson- it’s not what you make, it’s what you keep.
As a physician, I want you to think about that lesson that it’s not what you make, it’s what you keep.
You could be making $150,000, $200,000, $300,000, $500,000 or even $700,000, but if you want to hit your retirement goals, remember it’s not what you make, it’s what you keep.
Now, the other person that was really influential in my life, was Grandma Frances. Grandma Frances loved people. She would give the last strip of clothing off her back to give to someone. and she really taught me about caring and loving people. I used to go up to her house every summer spending two or three weeks in Washington and no doubt, she was an important reason why I started my career there and why I went to Seattle Pacific University. It’s all about serving people. Because at the end of the day, whatever we may make and keep, we don’t get to take it with us to the graves. This lesson really changed my perspective and frankly it’s why I am here teaching these lessons because I am here to serve and here to help out.
My third major lesson from Grandma Frances and Aunt Margaret it’s really about balancing these two because Grandma Frances, as caring as she was, as loving as she was, she really just scraped by.
I look at and what I want to take the attitude of loving people and being that servant. but i don’t want to be just making it month to month wondering if i am going to be okay in my retirement years. and I also want to combine that with the lessons from Aunt Margaret, it’s not what you make, it’s what you keep.
So, in my life, those are two huge influences and I want you to think about this for you. What’s your background? What are your influences? What can you keep and what can you throw away?
Anyhow, some food for thought. Let me know some of your biggest influences. E-mail me. I would love to hear your stories and why you view money the way you do and why you behave the way you do. E-mail me at email@example.com with your comments, suggestions, and your influences.
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