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The Sunday Best (05/05/2024)

PoF: Sunday Best

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!

The Sunday Best (05/05/2024)

For physicians who wonder if they might pursue successful career advancement and sustainability from home, we offer you insights on Work from Home Doctor Jobs: Opportunities and Requirements.

Incrowd_surveys

Physicians and pharmacists, Register with Incrowd for the opportunity to earn easy money with quick "microsurveys" tailored to your specialty.

Medicine is political. Recent amendments in workplace regulations could mean a different career trajectory than what you planned. Here’s what we know about The FTC Noncompete Ban and What It Means for your Physician Contract and FIRE Journey.

Indulge in a Wealth of Common Sense with Ben Carlson as he navigates the idiosyncrasies of the economy and addresses our concerns, by looking to the future, 10 Years From Now. And if you’re a fan of history and nostalgia, Ben has another great offering; 30 Years of Financial Market Returns.

Financial insecurity is capable of unsettling even the sturdiest of ships in the calmest of seas. We’ve got ideas on Everything You Need to Know about How to Increase Your Income, and weather whatever storms might come your way.

Speaking of security, retirement is a multifaceted prospect that will define your reality one day. So why be conservative about your approach? Here’s why Valuing Social Security as an Asset in Your Retirement Plan may help that reality along.

All those years spent in med school and residencies make for some high expectations of monetary compensation. So, How Much Money Do Doctors Make a Year? Josh Katzowitz thinks while salaries slightly rise, the satisfaction rate might not.

For those of us wanting to keep a closer eye on the economy, here’s a surprising analysis of Wages & Inflation Since COVID-19.

Where do taxes go? Why do the rich avoid paying taxes? Whose Tax is it Anyway? Consider a different perspective on taxes and spending time in NYC.

Real estate is considered the safest bet for long-term financial security – everybody needs to live somewhere right? But is being a landlord all it’s made out to be? Ask Finumus about the decline and fall of a buy-to-let empire.

Money doesn’t grow on plants! But can it have children? And what better than children who don’t need to eat, sleep, or exercise? Here’s FIRECracker in Making our Money Make Babies So We Can Travel.

Thinking of currency? Digital currency? Here are 6 Reasons to Invest in Bitcoin (and 5 Not To).

As a practicing physician, it’s tempting to evaluate how much of a financial asset your medical practice is, even if you’re not looking to sell anytime soon. We save you the hassle of calculations with our simple – and effective – Medical Practice Valuation Calculator.

From Our Friends at Prolific

Trusts & Estate Planning: Mapping Strategies for the Past, Present & Future with Prolific Solutions

May 16, 2024 at 5:30PM ET / 2:30PM PT

Physicians are not your average working professional. In addition to their unique lifestyle and career lifecycle, they see firsthand the deleterious effects and difficult decisions families have to make when a patient is struggling to recover.

Topics such as wills, trusts, estate planning, POAs/HCPs and finances inevitably become part of the conversation.

But while most physicians feel estate planning is simply reserved for ultra wealthy individuals and during the time of their demise, this could not be farther from the truth.

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