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Welcome to The Sunday’s Best, and Happy Mother’s Day!
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!
Mother’s Day:
With raising babies through COVID and life in general I’ve been wanting to give my wife the gift of time and restful sleep. She’s been a self-sacrificing mom like many who are trying to balance professional identity with the social pressures of being a perfect mom. This year we agreed she could use some of our Chase Rewards Points for a staycation in a hotel. I’ll drop her off later today and let her get a full afternoon and rest to herself.
If you’re inclined to think of something similar for the future, Chase has a special bonus for their sapphire card with 80,000 points for signing up.
The female professional has some other ideas if you want to consider Plan the Perfect Mother’s Day Getaway next year. New Orleans is a favorite of mine. Great food, music, culture, and people!
Now back to our regular Sunday’s Best!
This week we rounded up articles that are about building wealth over time.
Next, we present the 2nd part of a Sunday Best series where we delve into the details of reserve currencies and the potential consequences of the US dollar’s possible decline. The Potential Implications of the US Dollar Losing Reserve Currency Status: What Physicians Need to Know
Ever wondered how the rich invest their money? This intriguing blog by Origin Investments dives into their investment choices, revealing a growing preference for private equity and real estate among high-net-worth individuals. How the Wealthy Invest: A Shift to Private Equity and Real Estate
For those starting out trying to triage through debt is a tricky decision. The College Investor has a nice post on What Debt to Pay First. I’d never heard about the ‘debt tsunami’ method before and that’s a good framework so you can stay motivated if it’s not easy to decide which debts to pay first.
First up, we have a personal story that resonates with many of us. It’s about the importance of saving for retirement and the realization that came a little later in life. Our guest author from Humble Dollar shares their journey of financial awakening at the age of 50. Saving Our Retirement
Have you ever wondered how much of a difference saving more money can make on your retirement plans? Of Dollars and Data drills into whether you Should you Save More to Retire Earlier.
Berkshire just had its annual meeting and who better to think about compounding wealth than Warren Buffet himself! Mr. Money Blog had a nice review of the shareholder meeting and notes.
2023 Berkshire Hathaway Annual Shareholder Meeting Video, Transcript, and Notes
The Chase Sapphire Preferred Card 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.
Have you ever wondered about the cost of procrastination? This blog by Financial Success MD post explores various scenarios where delaying actions or decisions can lead to significant financial consequences. The High Price of Procrastination
Finally, we tackled the tax benefits of investing in real estate syndications. There’s a lot of misinformation out there about the true nature of these benefits. While you can’t shelter your W2 or 1099 income using the (paper) losses from syndications, there are other significant tax advantages to explore. Tax Benefits of Investing in Real Estate Syndications
Have an outstanding week!
-Physician on FIRE
