The Sunday Best (7/30/2017)


The Sunday Best is a collection of articles I’ve curated for your reading pleasure.

Expect most of the writing to be from recent weeks and consistent with the themes presented on this website: investing & taxes, financial independence, early retirement, and physician issues.

 

Presenting, this week’s Sunday Best:

 

I’m happy to say I can check all the boxes in FI180‘s The Milestones of FI. How many milestones have you met?

 

I wouldn’t be able to check half the FI boxes if I hadn’t made some fortuitous choices over the years. The White Coat Investor reminds us that we can choose our own path in Choice and Consequences.

 

We learned about Ms. Montana’s mini retirement last week, which seems to have been a mighty fine choice with equally good consequences. Anesthesiologist Tom @ High Income Parents asks, Is a Mini Retirement Right For You?

 

What’s another term for “mini retirement”? Gap Years. In a guest post @ The Escape Artist, the Our Tour couple shares their awesome story in More Gap Years for Grownups.

 

What to do in a gap year / mini retirement? You could do what Joe @ Retire by 40 is doing. Preparing for Our Around the World Trip.

 

When planning your trip around the Earth, you may want to schedule some time in Portugal. Justin @ Root of Good makes a compelling case in Surprising Finds in Lisbon, Portugal.

 

Don’t have the time or stamina to go round-the-world? I hear Hawaii is nice, and you can get there for a song. The Luxe Strategist has done her homework in Travel Hacking: How I Booked Four Flights to Hawaii for $45.

 

It would be a lot easier to take some gap years if we knew more about what the future has in store for us. What’s that, JL Collins? Tell me more about your Time Machine and the Future for Stocks.

 

Stocks are great, but what about real estate? We plan on purchasing some land next month (stay tuned for details), and we’re not the only ones with an eye on physical property. My Money Wizard is, too. How I’m Analyzing Investment Property.

 

The Mad Fientist interviews a physician in his Financial Independence Podcast. Our friend The Happy Philosopher shares the story of his wife leaving medicine, his own struggles with burnout, and how he created a workable balance. The Happy Philosopher – Semiretirement and Finding Happiness.

Brewery, Brother, Boat, Bikes, Beerfest

 

That’s a lot to squeeze into a summer weekend, but somehow, I’ve found a way to enjoy some great beers, great company, and boating on a great lake.

 

Brewery!

Long-time readers will remember that I made a Bad $10,000 Investment. On Purpose. That brewery opened on Friday with three beers and a couple more on deck. I was hooked up with some samples of “free” beer, but I’ll wait to collect on my promised annual barrel (15.5 gallons) when they’ve had some time to brew up more delicious liquid inventory.

 

7 barrel bright tanks

 

I then headed north to spend some quality time with my…

 

Brother!

Friday evening, I arrived at the home of my brother and sister-in-law. I was fed mystical beverages by my mixologist of a brother.

 

smoked old fashioned

 

Saturday morning, we went out searching for lake trout on Lake Superior on his favorite eBay purchase, a 24-foot fishing..

 

Boat!

After a few hours fishing on the lake and a brief swim in it, we passed under the lift bridge and back to the boat slip.

 

 

My brother has become a collector and builder of

 

Bikes!

I should mention that I unpacked my brand new Fortified 8-Speed Commuter Bike on Friday, but I left it home to rest up for my Monday morning commute because my brother has a couple dozen bikes to choose from.

 

fortified 8 speed

 

I had planned on biking to our next destination, but as other friends joined us, we simply walked to the…

 

Beerfest!

All Pints North is an outstanding annual gathering of 120+ breweries and their patrons in a picturesque outdoor setting by the lake. The variety, quality, and quantity of beer never disappoints, and I always seem to run into people I know and often haven’t seen in years (or at least since a previous year’s festival).

 


You’re still not using Personal Capital? Track all your accounts in one place like I do.


 

So that’s what I’ve been up to. How was your weekend?

Have a great week!

-Physician on FIRE

 

Subscribe for Free Calculators & More!

No spam guarantee.

10 comments

  • Love White Coat Investors article! Loved his breakdown of how all actions turn into consequences. Thanks for sharing!

  • A busy week indeed PoF. I think I see a theme. Less man of finance and more man of leisure. I think you are going to be just fine working part time….just fine indeed.

  • rubin pham

    as usual, you have collected a great collection of sunday reads.
    thanks for the sunday best and your prolific & thoughtful writings here on this site.

  • Bro my weekend was fantastic. Still vacationing in Northern Michigan…within an hour driving distance to 3 incredible beer cities.

    Currently sipping a New Holland beer-barrel aged bourbon though!

    Gotta say, I didn’t get much from your round-up post today, as I read most of those throughout the week already 😉

    Ciao PoF!

  • Arkad

    I am curious about your brewery investment. It is something that I have considered as I enter into retirement. How did you find out about the investment? What does the investment actually mean in terms of what your involvement in the brewery is? Are there options to get involved in any of the business aspects of it?

    • I’ve made two deals in the last six years. Both came about from personal connections — friends or acquaintances of friends, essentially. This post highlights my most recent brewery investment, which is a loan. The other is an equity share, and it’s had a reasonably successful six-year run so far, but I haven’t had the time to become too involved in the business.

      Best,
      -PoF

  • Really appreciate the feature! I liked the WCI piece, because what he says is so true. You can make a few questionable choices, as long as you can handle the consequences.

  • My weekend was awesome, my mom picked up our daughter for a week off! We still have the infant, be he sleeps all day.
    Great Sunday best. MMW post on real estate is interesting. The more I read about owning actual hard asset real estate, the more I love my REITs, especially as they chill and pump out taxfree dividends in my Roth. Seems there is a survivor bias to real estate stories and the bad experiences just don’t get published much. My chief resident invested his navy money in houses during residency. I’ll never forget what he told me “don’t ever own rental property, ever…” As an owner of an accidental rental property (couldnt sell it) I see what he was talking about.

    • I’ve been an accidental landowner twice. I don’t recommend it.

      Real estate can be somewhat lucrative, but you have to put the time in. Time to learn how to identify a smart purchase. Time to find the right property. Time to identify appropriate tenants. Time to deal with issues that inevitably come up. Certainly not passive income!

      Best,
      -PoF

Leave a Reply

Your email address will not be published. Required fields are marked *