The Sunday Best (9/18/2016)
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.
Most posts will be from recent weeks, written by physicians, and related to personal finance, but expect to find a post or two that are lacking some or all of these elements.
Presenting, this week’s Sunday Best:
Is Vanguard giving bad advice? Jim Collins @ jlcollinsh thinks so. Find out what’s got the Vanguard fanboy up in arms in the latest installment in his stock series, Stocks — Part XXX: jlcollinsnh vs. Vanguard
When contemplating retirement, it’s vital to consider both your vitality and mortality. Wade Pfau, PhD @ Retirement Researcher explores the CDC’s longevity statistics of the retired in How Long Can Retirees Expect To Live Once They Hit 65? It’s likely longer than you think.
In an (updated) oldie but goodie, the Financial Samurai sheds light on what it means to be a millionaire today, asking a provocative question and making a similarly provocative statement: Are You a Real Millionaire? $3 million is the new $1 million.
We know what one multimillionaire* family spends in a typical atypical year. How much do you suppose a half-millionaire family of seven on sabbatical spends while traveling and remodeling over the summer? Ms. Montana @ Montana Money Adventures scores bonus points for Devil’s Tower in the background in June and July Expenses.
*Being a numbers guy, I thought the definition of a multimillionaire was pretty straightforward. Two is a mulitiple of one. When you say you have multiple something, you imply you possess two or more. To me, the definition of multimillionaire is pretty straightforward. A net worth of two million dollars or more.
The American Heritage® Dictionary agrees with my logic.
I’m sticking with my assertion, but it doesn’t really matter much, anyway. It’s just a number that fluctuates from day to day, and life is about how you live, not how much you have.
This week, I’ve been living like a resident. Too busy working to spend money. In seven days, I will have worked two 10-hour surgery center shifts and four 24-hour hospital shifts (some of which ends up being call from home with immediate availability). That’s 116 hours of the week’s 168 that my time has belonged to my employer.
But don’t cry for me, Argentina. The truth is, in the next two weeks, all but 24 of those 336 hours will be mine. I am looking forward to that break!
With some of my time, I’ll be attending a one-day medical conference, an excuse to be reimbursed for mileage and a hotel (with waterpark) for the family the night before I take a friend to a college football game and Oktoberfest celebration at my favorite brewery. We’ll spend some time with my friend and his family before heading back home. Oh, and I might learn something at that conference.
Then there will be fall yardwork to be done, blog posts to be written, and we’re going to take a first step towards decluttering by clearing out the master bedroom closet. I’ve verbally committed to getting rid of half my clothing. We’ll see how that goes, probably in an upcoming post!
Have a great week!
-Physician on FIRE