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.
For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!
Houses cost much more now. Your 401(k) has much more now. Christine Benz with Morningstar asks and answers a logical question. Should You Tap Your Retirement Account to Buy a Home?
The Banker on FIRE is a fan of rising property values. In under two years, he’s made a pretty penny on one property. How To Make $400k On A Single Real Estate Investment.
What would you do if you suddenly had $400,000 that you didn’t have before? Would you treat yourself now or let it compound? The Future is Unknowable. Spend it All or Sock it Away?
Congratulations to all medical students who matched into a residency program! You’re now eligible to join our Physicians on FIRE group. While you won’t earn a high salary as a resident, The Physician Philosopher has some ideas for increasing your income. Tips for Moonlighting in Residency: Making Extra Cash.
The Darwinian Doctor, a urologist, has another side hustle idea for the guys out there who don’t mind having an unknown number of their own progeny running around. How Much Money Do You Get Paid to Donate Sperm?
Perhaps you’ll do things a bit differently. The Modest Millionaires look back at their FI journey and share what they’d change up, given the option. What I Would Have Done Differently on my FI Journey.
This next couple has done something different, heading to another continent for some geographic arbitrage to accelerate their FI journey. FIRE Crossroads 025: On the Way to FIRE in South America.
Is it better to give than to receive? Not at all times, says XRAYVSN. When It Is NOT Better To Give Than Receive: It Is Okay To Be Selfish.
In general, I’m not a fan of picking individual stocks. It’s not only the likelihood of subpar returns, but the time commitment and emotional aspects that keep me away. The FIRE Shrink shares some of his forays into individual stock selection. January & February 2022 – Reviewing 2021’s Investing Mistakes.
The road to ruin is paved with good intentions, says The White Coat Investor. Do more good than harm by understanding The Worst Financial Gifts to Give to Your Children.
A Roth IRA is a great thing to give to your children once they have earned income. WCI tells you what you need to know about the Roth IRA in Roth Conversions and Contributions: 10 Principles to Understand.
Deep thoughts by FIRE bloggers, as compiled by Accidentally Retired:
Finally, insights into the minds of (multi)millionaires who have sent in follow-up posts to their original Millionaire Interviews on ESI Money:
- Millionaire Interview Update 1
- Millionaire Interview Update 2
- Millionaire Interview Update 3
- Millionaire Interview Update 4
- Millionaire Interview Update 5
What’s On Your Bucket List?
My family and I are back in the States after spending one lovely week in Colombia. I can’t honestly say visiting Medellin was on my bucket list, because we don’t have one, but I’m glad we had that experience, and you’ll be hearing much more about it in a couple of days.
Currently, I’m spending a long weekend at a golf resort that many golfers no doubt have on their bucket list. Just three days after The Players Championship wrapped here on the soggy TPC Sawgrass course, we arrived for one of two DLP Prosperity Events being held in 2022. The next will be in the second week of November.
Once again, the weekend was filled with engaging and inspiring speakers who talked about everything but real estate. There was also some good workshopping that got me started on how to think about creating a bucket list of my own. This was led, of course, by Trav Bell, who is better known as The Bucket List Guy who kicked off a series of incredible adventures with his father roughly a decade ago.
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The DLP crew puts on a fantastic conference. We’ve got travel plans in November (working on that bucket list), but I hope to be back for another event with them around the same time next year.
From our partners at FarmTogether:
Alongside decreasing natural resources, the growing population continues to rise, with expectations of reaching 9.7 billion by 2050. This means approximately 70% more food will be required to feed our growing population, using the same finite resources.
At the same time, inflation has risen worldwide, with the U.S. experiencing a record 39-year high. The need for diversification and inflation protection is top-of-mind for many investors.
Driven by its scarcity value, a low correlation with other assets, historically strong performance, and superior inflation-hedging fundamentals, investors are increasingly looking to access farmland as an investment opportunity.
A newly accessible asset class thanks to FarmTogether, accredited investors can now explore a pipeline of agricultural real estate opportunities suited to fit a variety of portfolios with 7-13% target returns, 3-9% target cash yields.
Learn more by visiting FarmTogether.com – low minimum of $15k to get started.
A Recommended Insurance Agent
Set For Life Insurance
Since 1993, Set For Life Insurance has been a national leader in helping thousands of physicians with their disability insurance needs. They have the largest portfolio of available exclusive discounts in the country. Set for Life also has the largest availability of unisex rates nationwide helping women save significantly.
As independent brokers, they shop around and help compare plans to find the most suitable policy at the best available price. Jamie Fleischner, President of Set for Life, is known for her responsive, knowledgeable, and down to earth manner when working with her clients.
Have an outstanding week!
-Physician on FIRE