The Sunday Best (3/4/2018)

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:

 

Laurie, who is well into her three-year plan at The Three Year Experiment seemingly throws caution to the wind. Life is Short. So Why Not Buy What You Want?

 


Joe Udo at Retire by 40 is beyond financially independent. But is he rich? He doesn’t seem to think so, but he’s got big plans. 10 Things I’ll Buy When I’m Rich.

 

For a little while there, I was interested in some resale timeshare points. The more I’ve learned, the less enthused I’ve become. The Frequent Miler gives a humorous account of an opportunity they entertained: Wyndham Timeshare Presentation Survival Guide. Get Your “No” Face On.

 

Why invest in quasi-ownership when you can invest in your very own actual properties? Passive Income MD explores an important aspect of owning rental property. Should You Put Rental Properties in an LLC?

 

Last night, I spoke to a few hundred physicians about the importance of financial independence. The Loonie Doctor would be proud. The Importance of Physicians Teaching Physicians About Their Financial Health.

 

The Wealthy Doc has been teaching docs the importance of financial health for years. With a new and improved part-time schedule, his plan isn’t to FIRE. As he puts it, My Plan is FINER!

 

Working after FI is one way to avoid sequence of return risk. For a clear understanding of what I’m talking about, look to Four Pillar Freedom’s A Simple Guide to Sequence of Return Risk.

 

Contract Diagnostics
I’m a big fan of DIY investing, but there are plenty of good reasons to consult with a financial advisor. The Biglaw Investor has an excellent two-part guest post on what to watch out for.

 

Do you suffer from frugality fatigue? PF Geeks suggests Embracing Lifestyle Inflation with Scalable Spending.

 

Accidental FIRE scaled up a little more quickly. Was it worth it? That Time I Spent $44,000 on a Two Week Vacation.

 

Financial Literacy and Physician Wellness Conference #wcicon18

 

The last few days, I’ve been having a blast listening to talks from leaders in the fields of personal finance and physician wellness and meeting dozens of awesome people, many of whom are familiar with this site. We were mutually happy to put names with friendly faces for the first time.

The conference was very well organized and equally well attended, despite the allure of the recent snow on the ski slopes surrounding us here in Park City.

The speakers were outstanding; I learned a lot about public speaking, both as an observer admiring the ease in which the others delivered their talks like it was a walk in the park, and also as a speaker delivering the final talk like a deer staring down 300 pairs of headlights.

Word to the wise: It’s not a terrible idea to give your first real talk ever to fewer than a few hundred people, and following a renowned author on investing theory may be less than ideal, but I can’t imagine a better way to see if you’ll sink or swim. I treaded water, dipping just below the surface a couple of times, but I managed to come up for air each and every time.

Afterward, I was grateful to be back on shore, cold beer in hand, and not so sure I’d test those waters ever again. But the encouraging words of gratitude and encouragement from dozens of attendees were just what I needed to feel a whole lot better about my experience up on the stage.

 

a friendly crowd

 

I do hope we get a chance to do this again, and based on the feedback I’ve heard regarding the entire weekend, I would be surprised if this conference does not become a recurring event.

To all that I met, it was great to meet you, and if that didn’t happen, here’s hoping I’ll get a chance to meet you the next time around.

 


Track your investments for free with Personal Capital. That's how I track the PoF portfolio.  

 

Have a stupendous week!

-Physician on FIRE

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