The Sunday Best (11/12/2017)

The Sunday Best
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:

 

Primary care doesn’t pay all that well. For most. For Foreign Born MD, it pays incredibly well. Read on to learn how she’s Earning $500K+ Salary as an Internist.

 

 
I suspect FBMD will do quite well with that salary, but Holly of Club Thrifty and The Simple Dollar reminds us that it takes more than offense to win this money game. Why a High Income Doesn’t Guarantee You’ll Retire Rich.

 

This Millionaire Doc has designs on retiring rich. $20 Million rich.  A two part introduction:

 

Early retirees Jeremy & Winnie of Go Curry Cracker don’t have such a lofty goal, but they don’t plan to live like paupers, either. In his words: I Don’t want to Live Like I’m Poor Forever.

 

Michael & Ellen of the Uncommon Dream have a dream that may be more common than they realize. They discuss living three months in Ecuador (I want to do that!) and much more with Ms. Montana in Mini-Retirement Mastered: Michael & Ellen!

 

The bottom’s about to drop out of this bull market, right? Perspectives from the Teacher Investor: Beware False Prophets of Stock-Market Doom. The Sky is Never Falling.

 

Dr. Starnes listens to podcasts. Lots and lots of podcasts. From Physician REI, What I Have Learned About Real Estate and Life from 1000+ Podcasts.

 

Thanksgiving is fast approaching, as is the end of the calendar year. That’s right — with apologies to The Zombies, it’s the time of the season for giving. From Duke of Dollars, we have the first of three giving related articles: Money Can Buy Happiness — Thoughts on Direct Charity.

 

ESI Money is a generous man who has donated an impressive 26% of his salary over many years and hundreds of thousands in revenue from a previous blog. He asks, Where Does Giving Fit In With Financial Independence?

 

Another blogging couple incorporates giving via a donor advised fund into their FIRE plans. Tanja & Mark @ Our Next Life share Our Early Retirement Charitable Mission and Donor Advised Funds.

Walking the FI Walk

 

I’ve been talking the FI talk for nearly two years, and I finally acted upon my FI status by transitioning to a much friendlier schedule with a salary that will drop us into lower tax brackets (regardless of what happens or does not in our nation’s capital).

“What will you do with all that extra time?” I’m often asked.

Today, I’ve got a good answer. My family and I depart on a three-week Spanish immersion adventure this afternoon. We won’t be back until December, and when we get back, I’ll have a full week to settle back in at home before going back to work for a busy stretch prior to the holidays.

The last time I took a full three weeks off was over ten years ago. Now, I’ve got a schedule that will allow me to take trips like this on a regular basis. Twenty-one days isn’t exactly slow travel — the kind of adventuring in which you might stay put for months at a time — but it’s enough time to feel like more than a brief vacation.

On a week’s vacation, I tend to try to squeeze in as much activity as possible. After a few days, I know it’s only a few days until we go back to “normal life.” Now, with my FI-enabled freedom, we can take in our surroundings at a less-frenzied pace, and the single-digit-day countdown to the trip’s end doesn’t start until the trip’s more than half over.

Where are we going? I’m not sure it’s best to broadcast our exact whereabouts, but I will be giving a full report of our trip upon our return. I can tell you that we will “hablamos Español” and experience much milder weather than we have thus far in a cold, white November up north.

 

 

Have a tremendous week!

-Physician on FIRE

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