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 I 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 investing.
For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!
Jorge Sanchez, MD, curated this week’s articles.
The Sunday Best (03/31/2024)
In the world of personal finance, we are constantly bombarded with messages about things that could significantly improve our financial lives. While many of these ideas are great in theory, they tend not to measure up in practice. Here are the 5 Most Overrated Concepts in Personal Finance
Abandoned Cubicle shares how he used spreadsheets, leveraging debt, discipline, and conservative investing to FIRE at 50: How I Retired at Age 50
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The Chase Sapphire Preferred is my top pick for your first rewards card. Welcome bonus of 80,000 points worth at least $1,000 when used to book travel (after a $4,000 spend in 3 mo) and other great perks you can learn abouthere.
Four reasons why real estate investing isn’t a guaranteed path to wealth: From Morningstar, 4 Reasons Not to Buy Into the Real Estate Hype
Jonathan Clements from Humble Dollar explains the true value of extra-principal payments early in a mortgage and whether it can be a good strategy: Matters of Principal
Portfolios can get unwieldy. Here’s how to reduce some clutter: From Morningstar, 5 Steps to Spring-Cleaning Your Investment Portfolio
Significant investment gains are sexy, no doubt. But what’s your return on sleeplessness? Best Interest discusses why it’s better to build a great financial plan (and live a well-slept life!) at 7% per year: Return on Sleeplessness.
Darius Foroux discusses the importance of talking to your peers and loved ones about your financial goals to improve your chances of executing them: Why We Should Talk About Money More Often.
Adam M. Grossman from Humble Dollar shares how we can cut through complexity by approaching our financial life the same way we approach the seasons of the year and the steps that make sense during each season of life: Five Seasons.
The importance of having a financial plan to keep your emotions in check when your investments have gone to extremes, high or low: From Financial Ducks in a Row, Make a Long-Term Plan and Stick to It.
Why retirement is akin to childhood: From Humble Dollar, A Quiet Life
Above the Canopy covers the fundamentals of retirement income planning and when an annuity might fit your retirement well: How to Tell Whether an Annuity is Right for Your Retirement
Stop Ironing Shirts shares five lessons from nearly five years of financial independence and early retirement: Lessons from Five Years of FIRE.
The power of stock market compounding (coupled with low fees): From The Escape Artist, The Importance of Low Fees When Investing