Dr. Matt Geddie | Building Wealth Through Intentional Choices and Financial Planning | 164

About the Guest Dr. Matt Geddie is a retired occupational therapist and former professor at Texas Tech University Health Sciences Center. Throughout his career, he has been dedicated to empowering individuals both in healthcare settings and the classroom. Beyond his professional achievements, Matt is recognized for his astute financial acumen, having retired early with significant financial independence. He now focuses on guiding others through financial planning and life transitions in retirement through his online platform, ChangeEight. Episode Summary Becoming UnDone, Dr. Toby Brooks engages with Dr. Matt Geddie, a financially savvy retired professor, about the principles of achieving financial independence. Dr. Geddie narrates his journey from being an occupational therapist to retiring early with a net worth of $1.7 million—a feat accomplished through strategic savings, living modestly, and intentional investment choices. His story is less about secret financial tricks and more about consistent and disciplined financial habits. Dr. Geddie emphasizes that creating a strong financial future doesn't require enormous salaries. Instead, it's built on understanding opportunity costs and making informed decisions. He discusses the role of budgeting, starting early in retirement planning, and fostering open financial dialogues within relationships. The episode highlights life’s unpredictable expenses and how they shouldn't steer individuals away from achieving their financial goals. This engaging dialogue not only offers valuable financial insights but also explores how financial freedom can be about making deliberate life choices. Key Takeaways Financial independence is achievable through disciplined savings and investment, not by earning high incomes. Consistent budgeting and understanding opportunity costs are crucial to long-term financial success. Building wealth involves planning and communication, particularly in relationships, about financial goals. Financial freedom allows for greater life choices and flexibility, rather than simply accumulating wealth. Retirement planning should begin as early as possible to leverage compound interest. Notable Quotes "You don't have to make $150,000 or $200,000 a year to get to be a millionaire." – Dr. Matt Geddie "Find someone who can help you with it. Have somebody hold you accountable." – Dr. Matt Geddie "The best time to start was yesterday. Can’t do that. So the best time to start is today." – Dr. Matt Geddie "How do you prepare responsibly for tomorrow without missing the life that's happening today?" – Dr. Toby Brooks "Life gets in the way, but it doesn't ruin a financial plan if you know what to do with it." – Dr. Matt Geddie Resources Connect with Dr.