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!
He went into business, started his own business, and sold it. Now, the Gen Y Finance Guy is closing in on 8 figures before his fortieth birthday. Q1 2022 – Detailed Financial Report #85 – Net Worth $8,003,869.
- Bonus: Information on the business he started: Annual Shareholder Letter
Would you still be working if you had $8 Million? There’s no right or wrong answer, but many factors must be considered. Why Work When You Can Afford to Retire?
Landshark figured out that he could afford to retire from law, and he’s making it happen this year at the age of 43. Retiring into Uncertainty.
Sometimes, I feature a post simply to rationalize my life choices. This article from Barry Ritholtz at The Big Picture is one of them. ‘Never Buy a Boat’ and Other Misguided Financial Advice.
So I’ve got a nice boat, but I don’t have three automobiles of my own. Mr. Firestation does, though. Why Three is Two Too Many and he’s keeping them all, anyway.
Drs. Kenji and Leti of SemiRetired MD try to purchase assets that appreciate and cashflow, a set of attributes that describe very few cars and almost no boats. But how did buying at the beginning of the pandemic turn out? Our 32-Unit Purchase 2 Years Later.
As Warren Buffet famously said, there are No Called Strikes in investing. He also had a “Too Hard” pile for investments, and you should, too. Is It Just ‘Too Hard?’ Know Your Circle of Competence from The White Coat Investor.
More than 300 stocks in the Russell 3000 have dropped over 80%, illustrating why choosing individual stocks goes into my “too hard” pile. The Irrelevant Investor shows us the big-name stocks that have Blown Up, and not in a good way.
What goes up must come down. Newtown’s laws were invoked in the Why Work post above, and they make en encore appearance in Ryan Kelly’s guest post. Sir Isaac Newton’s Revenge on Wall Street.
Lately, we’ve seen a lot of the “come down” aspect and less of the “goes up.” The Banker on FIRE asks, Is Passive Investing A Blatant Lie?
The stock market has come down, but has it hit a true bottom? Ben Carlson with A Wealth of Common Sense looks to the past as a guide to the future. How Long Does it Take For Stocks to Bottom in a Bear Market?
Shifting to the real estate market, could this be a good time to buy? And what exactly do you get with a co-op purchase? Liz with Frugalwoods investigates. Reader Case Study: Loving Life in DC; Should I Buy a Co-op?
Hotels turned out to be a lousy investment when travel came to a halt during the pandemic. Has the tide begun to turn? EquityMultiple sees reasons for optimism. Hotel Investment: an Updated Outlook.
- Bonus: We’ve negotiated a 1% return boost on your first investment with EquityMultiple.
Many passive real estate investments require accredited investor status, and being a millionaire gets you that. ESI Money discovers how these five folks earned their millions.
More than 18 months after many of you were first vaccinated against COVID-19, our little ones are finally eligible!
My boys got their shots last spring and fall, and now the babies in our extended family got their first shots this week. The long, long wait is finally over for all of you with children in the 6-month to 4-year old range.
Now, here’s hoping that my next booster shot is one that can protect against severe disease from all forms of the novel coronavirus. Scientists, if you could go ahead and make that happen this fall, that’d be super.
If your under-fives began their series this week, congratulations!
PIMDCON: In-Person & Virtual in 2022
Dr. Peter Kim and an incredible cast will be putting on the biggest and best real estate conference for physicians and other high-income professionals, and it’s coming up quickly!
Mark your calendars for September 23 to 25 and book your ticket to Los Angeles. The Financial Freedom Through Real Estate Conference will be held right there at the Hyatt Regency LAX.
The Passive Income MD team has spent much of the last year putting together an outstanding lineup and itinerary, with expert speakers from around the country gathering together to give you a memorable and actionable immersive 3-day experience.
PIMDCON is a one-of-a-kind conference that will challenge, inspire, and give you the blueprint you need to take your next best step to real estate investing.
Your in-person ticket will include:
- All featured speakers and keynote sessions
- Five expert-led panel discussions
- Lifetime access to all session recordings available post-event
- Meals are included for Friday, Saturday, and Sunday
- Friday night happy hour and Saturday night dinner
- Access to the experts at our sponsor booths
- Loaded swag bag
- Go home refreshed and inspired, ready to take action
Here is what is unique to your virtual ticket:
- Livestream of all featured speakers and keynote sessions
- Access to all five expert-led panel discussions
- Virtual community engagement and networking
- Lifetime access to session recordings available post-event
Most importantly, the virtual ticket will give you the tools and mindset to immediately start your real estate investment journey!
If your plans change for any reason, you can get your registration fully refunded now through the end of July or a half-refund from 8/1 to 8/22.
Pro Tip: Transfer your Chase Sapphire Reserve points to Hyatt for a great exchange rate of 1.86 cents per point on a room at the conference hotel, which easily beats the 1.5 cent per point redemption when you pay yourself back for travel and other eligible expenses. The cash rate is $223 per night at the moment.
Back to the Theater
Speaking of in-person events, we saw Harry Potter and the Cursed Child in New York last month. A few days later, it was the Blue Man Group in Boston.
This month, we traveled to northern Minnesota to visit family, but we also managed to get to the theater. In this case, we went to the movie theater — two of them, in fact!
My son had been counting down the days to Jurassic World: Dominion for months, and we saw the first matinee showing on Thursday, June 9th, a day before it was officially released, apparently. The reviews weren’t great, but my boys and I really enjoyed the show.
We also saw Top Gun: Maverick, another sequel with a colon, and it was as good as everyone’s been saying it is. A couple of days later, we watched the original Top Gun from 36 years ago, which is currently streaming at no cost for Amazon Prime members.
I’ll never look as buff or oiled up as the fighter pilots in those Top Gun volleyball scenes, but I can put on some dog tags, tape up my hands, and do my best Slider impression. [cue “Slider… …you stink.”
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