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The Sunday Best (05/07/2023)

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!

 

With rising mortgage rates, changes in Federal Reserve policies, and economic downturn, the real estate market has been challenging to navigate recently. But don’t worry, these conditions can create great opportunities for smart investors like you!

 

In this week’s The Sunday’s Best, we talk about buying real estate, stabilizing rental properties, transitioning to short term rentals, and much more.

 

Are you in the market for a new property in 2023? This post by the Financial Samurai talks about why now might be the time to do it  Buying A House In 2023: A Window Of Opportunity Emerges

 

The Darwinian Doctor explores the potential of artificial intelligence, specifically ChatGPT, to revolutionize your rental business. The ChatGPT AI Roadmap to Short Term Rental Success is an insightful article that provides actionable recommendations and expert insights to help you stand out in today’s competitive rental market.

 

Related:

Owning a rental property doesn’t end when you buy and fix it up. In this article, we gain exclusive access to the firsthand experiences of The Prudent Plastic Surgeon as they navigate the hurdles and triumphs of stabilizing a rental property. Stabilizing Rental Property.

 

Thinking about doing short-term rentals? Passive Income MD walks us through the lessons he’s learned from first six months of owning a short-term rental Seven Lessons I’ve Learned From Buying My Short-Term Rental

 

The International Monetary Fund (IMF) has warned that credit tightening, aka credit crunch, could throw the global economy into a recession. In this post, Nirav Shah explores the concept of credit crunch, why it happens, and what you can do to navigate this challenging economic environment in 2023. Credit Tightening For Physicians

If you want to understand the seismic shifts in the banking industry, this blog by The Conversation is a must-read. Authored by economists who delve into the historical patterns of financial crises, it provides a comprehensive look at the causes and consequences of the latest bank failures, including First Republic and Silicon Valley Bank. Recent Banking Crises are Rooted in a System That Rewards Excessive Risk-taking — as First Republic’s failure shows.

 

Are you seeking to achieve financial independence while still enjoying the most out of life? This article from The Prudent Plastic Surgeon is just what you need! Join the author on their journey to find the perfect balance between the FIRE (Financial Independence Retire Early) and YOLO (You Only Live Once) philosophies. Fire YOLO Balance

 

 

Financial Success MD talks about a common problem that many ambulatory physicians who run outpatient practices experience. Making a practice profitable is discussed in detail. Six Easy Ways to Track Spending and Reduce Costs. 

 

If you’re a property owner or looking to invest in real estate, you may have heard of ad valorem taxes, but what exactly are they, and how do they impact you? This blog post by the 37th Parallel Properties breaks down ad valorem taxes, focusing on real estate taxes, property taxes, and personal property taxes. Real Estate Taxes

 

 



 

Have an outstanding week!

-Physician on FIRE

 

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