The Sunday Best (03/19/2023)

The Sunday Best is a collection of articles I’ve curated from the furthest reaches of the internet for your reading pleasure.

Every week, I scan hundreds of headlines, read dozens of posts, and bring you the best of the best to save you time and mental energy.

Financial Independence (FI) is a primary focus, but it’s an awfully broad topic. I tend to approach FI and early retirement from a fatFIRE perspective and through the lens of a physician, so expect to see those biases in the selected articles.

Related topics that have become recurrent themes include early retirement, selective frugality, tax issues, travel, physician issues, and of course, investing.

For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!

 

The_Sunday_Best_2021

 

Ph.D. economist Karsten Jeske has gone into the weeds on all things FIRE, but he’s never covered the fundamentals at Early Retirement Now. That changes now. The Basics of FIRE.

 

Financial freedom, the debonair causing of financial independence, means different things to different people. What it means to Steveark from Slightly Early RetirementWhat is Financial Freedom?

 

Financial Freedom means having enough, but there’s more to life than money, as Jonathan Clements, founder of Humble Dollar reminds us. The Other Enough.

 

Money matters, though, and I was wondering how much more you would need to have the ability to spend An Extra Dollar a Day For the Rest of Your Life. I was pleased with the answer.

 

Most of us with means won’t spend that extra dollar, though. While I can think of worse outcomes, Jesse Cramer with Best Interest advises a reader who’s concerned he’ll be Dying With Millions.

 

Here’s an idea. Give some money away before you’re lying on your deathbed. The Physician Philosopher discusses Charitable Giving for Physicians.

 

Relationships are complicated, and money can be used to manipulate, as one doctor learned the hard way. As shared with Dr. Maggie Curtis on White Coat Investor, Recovering from a Financially Abusive Marriage.

 

Retirement has been a time for reinvention for Fritz Gilbert and his wife, and they found themselves overly busy doing good work. Running Fast to Slow Down from Retirement Manifesto.

 

Doctors pursuing side gigs often find themselves working harder now to be able to slow down later. Passive Income MD explores this phenomenon. From Medicine to Entrepreneurship: How Side Hustles are Changing the Physician Landscape.

  • Bonus: The virtual summit wraps up today, but you can still access many of the talks (everything released in the last 48 hours plus today’s talks) with entrepreneurial physicians in the FREE Leverage & Growth Summit 2023. Register now while you still can! You’ll have the option to upgrade to lifetime access, also, and I believe it costs less to do so before the summit ends.

 

How do private real estate investment returns correlate with those of stocks and bonds? How about REITs? And why does this matter. Dennis Bethel, MD with 37th Parallel Properties shares a  Quick Guide to Real Estate Correlation.

 

I’m always on the lookout for an exciting travel destination that doesn’t bust the budget. Millennial Revolution shares a good one. Let’s Go Exploring! Slovenia: Switzerland Without the Lavish Price Tag.

 

Honestly, I thought this was a joke, but a good enough joke to make me click. It turns out that a documentary has renewed interest in these stuffed animals, and some are fetching six figures again. Where to Sell Beanie Babies in 2023 (Ultimate Guide) from Trends & Tactics.

 

Traveling using newly earned points is even more exciting, and it’s last call for the increased welcome bonuses on two of the most popular business credit cards. Business Card Smackdown: Ink Business Cash vs. Ink Business Unlimited.

 

Learn how to better manage your student loan debt, and explore refinancing to a lower rate with cash back offers up to $1,000! Student Loan Resource Page

 

Fast Travel

 

I’m a fan of slow travel, but this may be our final months-long trip as a family, so we’re squeezing a lot in.

We started this one out with eight days in Auckland, NZ with some time to decompress and adjust to the timezone change after a 15-hour flight from Dallas. We enjoyed the city and got out on some cool side trips including a ferry to Rotoroa Island, and an overnight in Raglan after touring the Hobbiton movie set and admiring the glow worms in the Waitomo Caves.

We flew from the North Island to the South Island this week, landing in Queenstown, spending a couple days in Te Anau, cruising Milford Sound, and are now exploring Invercargill and Bluff. On the way, we randomly stopped off for a picnic next to a late 19th century suspension bridge and spent an hour or two walking along Gemstone Beach.

We’ll be in a different place every other night for a total of 8 stays in 15 days. It’s a bit different than what we’re accustomed to, but we’re still incorporating some of our slow travel habits as best we can.

We still have our daily workout and wellness routines, we’ve gone for morning jogs about every other day, most of our lunches are picnic-style, and we eat about half of our dinners in, staying primarily at Airbnbs.  As an aside, the cleaning and service fees here are minimal to non-existent,  making short-term rentals a viable option for a 2-day stay, which is rarely the case anymore in The States.

Next month, we’ve got a full week each in Hobart, Tasmania and Sydney, Australia, so our days won’t be quite so busy. Our travels slow down even more mid-April when we hop on an 18-day cruise to Honolulu.

Fast or slow, I’ve loved having this time to travel with my family, and we’re making memories that we’ll cherish forever. I’m so grateful for the opportunity, and I highly recommend it to those who can find a way to make it happen.

 


 

One thing we learned when touring Hobbiton was how they used perspective to make some people look really large and others look small. Proximity to the camera is one trick, and they also used sloping rooflines. At the Green Dragon bar, they’d put the tall person by the short end of the building, and the Hobbits by the roof peak, accentuating their height differences.

When readers meet me in person for the first time, they’re often unimpressed. Not because I’m mean or a dullard, but simply because I’m not a towering giant. It’s true; I’m not. I simply surround myself with people about 5 feet tall, give or take a few inches, to look that way. 😉

 

Lowered Minimum Investment at DLP

 

I love it when our sponsors listen to feedback. DLP recently increased their investment minimums up to $200,000 (it was $500,000 a few years ago), but after hearing from many of you that $200k is a rather high hurdle, they’ve brought their minimum back down to $100,000 for PoF and WCI readers. A word from our sponsor, DLP Capital:

 

It was great meeting you at WCICON23!

This year’s WCICON23 was a huge success, and DLP Capital was thrilled to be with everyone in person. This was CEO Don Wenner’s first WCICON, and he can’t wait to return next year in their backyard of Orlando. Thank you to all Physicians on FIRE readers who met with DLP Capital’s team!

 

REMINDER: Introductory investment minimums lowered to $100,000 for a limited time for PoF Readers!

For a limited time, introductory investments for Physicians on FIRE readers are reduced to $100,000. There’s a reason why DLP Capital continues to provide above market returns in this volatile market. See the testimonials recorded at WCICON with Dr. Jim Dahle and Brett Stevens, founder and COO of WCI.

We’d love to see you at one of our events where you can not only learn more about DLP Capital but also about yourself, and your family.  If you missed our Elite and Prosperity Legacy event in New Orleans, we hope you can join us for our leadership or family events later this year.

 

Elite & Prosperity Leadership Event – May 21-23 in Asheville, NC

DLP Capital is excited to host a leadership event unlike any other in beautiful Asheville. Learn how to hone the leadership skills that will help you succeed at home and at work. Early bird pricing is available through April 1, but for POF members only, we’re offering an additional discount! Use code POF250 to save an additional $250. Thats $750 OFF! Click here to register now!  

 

Elite & Prosperity Family Conference – November 9-11 in Ponte Vedra, FL

DLP Capital is hosting a three-day conference in sunny Ponte Vedra focusing on building and strengthening familial relationships. This event is designed to provide attendees with practical tools and resources to build healthy relationships, navigate challenges, and create meaningful connections with loved ones.

The best news? Your whole family is invited! Make this conference a part of your fall family vacation and register now! Use code POF250 for POF members only and save $250. Thats $750 OFF! Click here to register you and your family now!

Whether you’re joining us for one of our world-class events or just want some more information on our record-low investment minimums, DLP values your support and contributions as they help create prosperity for their members, partners, and families. To learn more about growing your wealth and legacy with DLP Capital, visit www.dlpcapital.com.

 



 

Have an outstanding week!

-Physician on FIRE

 

Leave a Comment