The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
What do you get when you combine a nasally voice with a Minnesota accent? My voice! Have a listen as I chat with another anesthesiologist, Dr. David Draghinas on Doctors Unbound. Physician on FIRE talks Financial Independence and Blogging Skills.
Our Next Life, The Fundamental Problem with the 4% Rule for Early Retirement Isn’t the 4% Rule.
When the media talks about the One Percent, they’re usually discussing income. Net Worth is more meaningful, and Don’t Quit Your Day Job has a breakdown of net worth in America. United States Net Worth Brackets, Percentiles, and Top One Percent in 2017.
Will the 1% (that’s not me by a long shot, by the way) continue getting richer? The Corporate Monkey CPA explores How Trump’s Tax Plan Impacts The Early Retirement Dream.
He’s not the only one curious about the economy. Ben Carlson of A Wealth of Common Sense looks at the historical record and the correlation of the stock market before, during, and after past recessions. It’s not as straightforward as you might think: Predicting the Next Recession.
You may know your risk tolerance, or at least you believe you do. Michael Kitces of Nerd’s Eye View dives deeper discussing not only risk tolerance, but also risk capacity, and perceived risk in Risk Composure: The Real Predictor of Who Can Stick to Their Investment Plan.
- Kibanda: Mr. Anti-house buys his dream home
- Kibanda Part 2: Negotiating the deal
- Kibanda Part 3: Running the numbers
Lifestyle Inflation: Cell Phone Edition
Up until Wednesday of this week, I had been limping along with my fully functional Moto G cell phone. I say fully functional because it did everything a cell phone is supposed to do and didn’t have any flaws that caused me to jettison my poorly cared for phones of years past, which include:
- cracked screens
- toilet dives
- dysfunctional keys
- “touchy” touch screen
But there are issues. It’s an 8 GB phone and it seems the operating system and bloatware now take up at least half of that. I kept running into space issues, having to delete one app to install another. How am I supposed to be the general manager of two fantasy football teams on different platforms without uninstalling Uber or OneNote?
The old droid has also grown rather sluggish and waiting more than eleven milliseconds for something to happen on it makes twitchy and surly. I knew I had owned this phone for awhile, but was surprised to learn I picked it up in February of 2015, more than two and a half years ago. And it was a refurb back then, setting me back $120.
Despite frequent clearing of the cache, I was constantly running low on storage space and deciding which apps I could live without and which were vital, like Bubble Breaker. Facebook Messenger went first, followed by the Facebook app itself. I couldn’t fit a single version on Angry Birds on it.
Charging was also a bit tricky at times. Some cords wouldn’t charge the phone at all and others had to be positioned just right. Time to upgrade!
Choosing my New Cell Phone
So I ordered the iPhone X. Ha! As if.
I’ve been with Republic Wireless for the better part of three years now, and have been pretty happy with the service. I’ve used it around the country and even internationally (on wi-fi) and have had great service for the price. My plan costs me $13 to $15 a month for unlimited calls, texts, and data was essentially pay as you go (a refund plan, technically).
Republic uses the Sprint network, roams on others, and has a somewhat limited selection of compatible phones. The iPhone is not one of them, but I only buy Apple products with names like Jazz, Pink Lady, Gala, and Honeycrisp.
They do sell the following phones, but don’t typically have the best prices out there.
You can also bring your own unlocked phone if it’s on either the list above or this supported phones list.
I found a great price on a new Moto G4 32 GB phone. For $130, I picked up a brand new shiny white unocked phone from B&H Photo. They no longer have that deal, but you can pick up the 32 GB version of the newer Moto G5 for $185 from Amazon if you’re willing to put up with ads on the lockscreen.
Mine’s not the latest Moto (G5) or the greatest (Moto Z), but it’s got plenty of space and computing power to do all that I want a phone to do. With a new phone comes a new plan. The latest generation phones are all on their Clear Choice Plans. If you want data, the cheapest plan is $20 plus tax for 1 GB.
With the upgraded Republic Wireless plan, I’ll be paying about $10 more per month than I was before. And that’s fine. It’s still a frugal plan. Continuing to struggle with a substandard sluggish old phone would have been the cheap move.
As per usual, I’m recommending products that will not only make you richer, but may make me richer, too. If you click on one of these links and sign on with Republic or Personal Capital, you will be contributing to this site’s charitable mission. Thank you.
The Chase Sapphire Preferred is an excellent first (or only) rewards card. $50 annual hotel credit for bookings via the Chase UR tavel portal & 5x points for all travel via the portal. 3x points on dining, 2x on other travel. Flexible rewards good for cash, travel, or transfer to travel partners, great travel protection & new Peloton, Lyft & DoorDash perks! $95 Annual Fee
The Chase Sapphire Reserve offers great travel perks including Priority Pass lounge access, a credit for Global Entry or TSA Pre✓ and a $300 annual travel credit. When using Chase Ultimate Rewards travel portal, get 10x points on hotels and car rental & 5x points on air travel. 3x points on other travel & dining. Elevated Peloton, Lyft and DoorDash benefits. $550 Annual Fee
Have a marvelous week!
-Physician on FIRE