The Sunday Best (2/5/2017)

The Sunday Best is a collection of a handful of posts I share with you each week. With so many informative and inspirational writers out there, I have no trouble coming up with a number of worthwhile reads each week.

Every featured post should be of interest to any physician seeking financial independence. Some will be written by your physician colleagues; others will be written by our friends and patients who share common goals and interests.

 

Presenting, the Super Bowl LI edition of The Sunday Best:

 

If I leave my job in the next year or two, will I really be “retired.” Nah… I’ll still be writing for you. From Carl Richards @ Behavior Gap, Retiring the Idea of Retirement.

 

Hang around sites like mine, and you might start sweating the small stuff a bit too much. Reminding us of the law of diminishing returns, The Wall Street Physician discusses Statistically Significant, Clinically (or Financially) Insignificant.

Are you over or under-insured? The Chief Mom Officer shares her experiences with various insurance products in The 3 Ways I’ve Used Insurance – and the 2 I Wish I Had (Plus Bonus on Businesses!).

 

Is there a physician out there who hasn’t made mistakes that add up to hundreds of thousands of dollars? I have. So has EJ, the cardiologist @ Dads Dollars & Debts. He details them for us in Money Mistakes I Have Made.

 

In an oldie but goodie, the Doctors Darko detail their own money mistakes in How We Accrued Over $800k in Debt in 8 Years.

 

The 1099s are rolling in, and it’s time to start thinking about filing your taxes. If you’re a DIY guy, Robert Farrington, the College Investor has done some comparison shopping for you looking at all the various editions of popular software. Comparing Prices of TurboTax, H&R Block, and TaxAct.

 

I started my career as a full time locum for two years. Liz Cornwall @ Comphealth shares stories from physicians with similar histories in Can Locum Tenens Be a Full Time Job?

 

Jeremy & Winnie of Go Curry Cracker spent a little more than we did last year, but boy, oh boy, did they have a lot more fun. Reflections of 2016, Hey Big Spender.

 

Have you heard enough about Stealth Wealth yet? No? Good, because our friend Fritz @ Retirement Manifesto wants to give you his take on Stealth Wealth.

 

So I dream of a life of freedom and global slow travel, but I’ve never lived it, nor have I been without a full-time job, and this grand plan could become one monumental Pinterest Fail. More on that below, but first I’d like to introduce you to CAPFUNDR, one of my site sponsors.

CAPFUNDR offers real estate investments to accredited investors. CEO Jean-Michel “Mitch” Wasterlain has written a guest post on second homes featured here, detailing his trip to the Hamptons.

Their strategies include an REIT Value Fund that acquires shares of Non-Traded REITs at a discount to their NAV. The current projected IRR is 12% to 15% for a 5 to 7 year term. They also have a Multifamily Fund focusing on Midwest markets with a projected IRR of 15% to 17%, also with a 5 to 7 year term.

CAPFUNDR’s Resource Center includes a 2017 Outlook and a Commercial Real Estate Basics Series. To learn more, visit the CAPFUNDR FAQ today.

 

An article that recently caught my eye comes from Jordan Monson, a linguist living his life in Lisbon with his wife and young son. They have traveled slowly and extensively for eight years and will continue to do so for the foreseeable future, while making a living to boot.

How amazing! They’re living so many office and O.R. dwellers dream of. Exploring faraway lands, learning new languages, immersing themselves in cities with storied histories. Jordan’s take? I live in Portugal now — but all I do is long for Minnesota.

 

 

The piece serves as a reminder that the grass isn’t always greener on the other side. Adventure is life changing, but homesickness is real.

My wife and I have contemplated our future, and have grand plans for our family on an upcoming sabbatical. We’d like to tour the country in a motorhome. We’d like to live overseas — show our boys the world while learning a language and seeing true cultural diversity.

We want to do what many people say they want to do but may never have the option. We’ve saved enough to make it all possible, but we’ll never know how well the nomadic lifestyle will suit us until we try.

I look forward to our future with enthusiasm, but I try to be realistic about our plans at the same time. I hope we spend several years exploring the world, but we’ll always have a contingent plan to return home when we’re ready.

On the site this week, expect to read more about contingencies on Tuesday, and look for another fun Christopher Guest Post from a fellow physician personal finance blogger.

 

 

Have a great week!

-Physician on FIRE