The Live on Half Challenge

Castle Rock UP

Live on Half.   It’s not a suggestion or a recommendation. It’s a challenge. If you can find a way to meet this challenge, you will be rewarded handsomely. How so? Living on half of your take-home pay, or to put it another way, saving and investing as much as you spend, should lead to financial independence (FI) in roughly 15 to 20 years. Work becomes optional. You can live the rest of your life on your own terms. That’s a reward that […]

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A Fifth Physician: Dr. F & The Half Time Option

Today, I’d like to introduce a fifth physician, Dr. Findley. This physician shares a few qualities with our other 4 physicians. Like Dr. A, his family budget is about $80,000 per year, and he shares her interest in part-time work. Like Dr. C, he found a job in an area and specialty with excellent pay, and is now earning about $400,000 per year. We’ll pick up the fictional Dr. Findley’s story at the point where he becomes financially independent. Despite […]

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An Early Retiree Creates and Shares His Investment Policy Statement

SIS_IPS

Today’s guest post is from Robert @ Stop Ironing Shirts.  He recently declared early retirement from a 15 year career in finance.  Robert struggled with walking away from career paying $300,000+, an income level only achieved after ten plus years of on the job training after his undergraduate degree. He is married to a veterinarian who hung up her white coat a couple of years ago, and he recently recapped the process of giving his early retirement notice, sharing people’s […]

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What to Do with Suboptimal Assets in Your Portfolio

Kids receiving gifts

If you’ve got an ideal investment portfolio and you’re perfectly content with your asset allocation (the percentage of stocks and bonds),  your asset location (where those funds are located, ideally in the most tax-efficient manner) and the choice of assets you hold, this post is not for you. If, on the other hand, you are human and have made less than optimal choices in the past, or someone made them for you, I’d like to share some strategies you can […]

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The Sunday Best (5/19/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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12 Ways to Simplify Your Taxable Brokerage Account

My taxable account might be my favorite account. It holds about half of our retirement assets, is immediately available, and is more flexible than any other account we own. When I first opened one, I didn’t have a guide like this. I bought actively managed, tax-inefficient funds. I didn’t know what tax loss harvesting was. It was far from optimal, but at least I was saving and investing the leftover money after maximizing all of my tax-advantaged options rather than […]

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6 Lessons I Learned from Failed Business Attempts

Behind most successful ventures are a string of failures. It’s true. A person’s first grand idea rarely works out. The key is to fail forward and learn from your mistakes. That’s what Michael Norton, the author of today’s guest post, has learned. He’s actually got a half-dozen lessons that he’d like to share. Michael, please tell us about who you are and what you do. The remainder of this article was written by Micahel Norton of Funds Inc. I received […]

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Stealth Wealth and Financial Independence: A Q&A with PoF

Stealth Wealth

A while ago, I was interviewed by a site much bigger than this one for a story on stealth wealth and financial independence. Knowing this would reach many people, I put a fair amount of time and effort into it. Not surprisingly, much of what I wrote ended up on the blogging room floor, to borrow a moviemaking analogy. I’m glad to see financial independence and stealth wealth featured on a bigger stage, and I thought his use of the […]

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The Sunday Best (5/12/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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Rewards Made Easy: The Best Cash Back Credit Cards

Top Cash Back Cards

Every time you swipe a credit card, the merchant pays a fee in the neighborhood of 3%. Businesses that want to be profitable will factor those costs into the price of the products and services they offer. If you assume you’re paying about a 3% premium on everything you purchase, you might as well do what you can to get most of that money back. As someone who likes to optimize, I’ve often found ways to get more than 3% […]

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Healthcare Costs in Retirement – Don’t Make this Big Mistake

safety first!

Today, we’re going to talk about the healthcare costs all will face in retirement, at least under the system we currently have for traditional-age retirees, which is Medicare. If you were hoping to read about healthcare costs in early retirement, I had a guest post on that last year, and I plan to share more as I learn what’s going to work best for my family and me. I should have an answer later this summer, but I’ve got a […]

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A Life Without Chains

rusty_Chain

The tractor was stuck. Sitting kittywampus in a depression of dirt in the woods, it wasn’t going anywhere. We tried a few tricks, broke a few boards, but the thing was simply stuck in the mud. If there was an easy way out, my Dad would have found it by now, but we were going to have to bust out a chain. We had a chain handy in the back of the side-be-side ATV. We had used it a few […]

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The Sunday Best (4/28/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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Top 5 Factors that Make Financial Independence Easier to Achieve

locums_paystub

How easy or difficult will your quest to achieve financial independence be? The math doesn’t much vary from person to person. You’re going to want at least 25x your future expenses saved up or passive income that exceeds your spending. If you don’t have either, or some combination of both capital and passive income, that can be expected to cover your future expenses indefinitely, you’d be hard pressed to call yourself financially independent. If you feel like financial independence is […]

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The Sunday Best (4/21/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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5 Tips For Beating Physician Burnout

mud run

Some call it physician burnout. Others focus on prevention, citing physician resilience as an important preventive quality. Some reject those terms in favor of more accurate depictions. Dr. Zubin Damania, a.k.a. ZDogg MD recently produced a video describing the epidemic as the result of moral injury. However you want to frame the issue, it’s a real problem. Disillusioned physicians become overwhelmed, disempowered, and disengaged. I’ve suggested monetary solutions — there are situations that can be helped by both saving and […]

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The Sunday Best (4/14/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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How to Design Your Personal Retirement Glide Path

A “glide path” describes how your asset allocation is expected to change over time. The traditional sentiment is that the percentage allocated to stocks should decrease as you approach and enter retirement. That’s the approach taken by Target Date Funds and traditional financial planning. Does that make sense for you? William Bernstein, MD is often quoted and paraphrased, having stated that you ought to stop playing once you’ve won the game. In other words, once your financially independent and beyond, […]

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2019 Q1 PoF Portfolio & Blog Performance Update

Q1_2019_featured

Every three months, I publish an update to let you know how well my own portfolio has performed and what’s going on with the blog. Some people like to know the blog stats, believe it or not. I used to track spending, too, but after three years of consistent spending, I decided there was little value-add for us to continue such close tracking. I may start to track our post-FI budget when we are settled into our new, more nomadic […]

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The Sunday Best (4/7/2019)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure. Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy. Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so […]

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