The Sunday Best (08/14/2022)

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!

 

The_Sunday_Best_2021

 

I’m amazed at how many PSLF-eligible physicians there are out there but unaware. Student Loan Planner shares some massive numbers and time-sensitive action items in Most Physicians Who Qualify for Loan Forgiveness Don’t Know It, and Time is Running Out.

 

It’s a real program, and over 9 Billion dollars in federal loans have been forgiven. The Physician Philosopher talks with a pal who had a six-figure sum forgiven. My Friend Had $100,000 in Student Loans Forgiven.

 

Dr. Pay It Back won’t be seeking forgiveness, as you can surmise from his moniker. Should Dr. PayItBack Pay It Back?

 

Early retiree Mr. Tako Escapes came up with a plan to leave the high cost of living in the pacific northwest and escape to the desert southwest. Thus far, the reality has been disappointing, to say the least. Is Geo-Arbitrage A Financial Fairy Tale?

 

Another early retiree struggles with difficulties in his living situation. What has he done to deserve this? From Stop Ironing Shirts, Notice to Vacate.

 

Some people think it’s foolish to ever retire, like this reader who reached out to Chris Mamula at Can I Retire Yet. The readers’ arguments and Chris’s rebuttals in Why You Should Never Retire.

 

If you do plan to retire at some point, which I wholeheartedly recommend, please avoid these 8 Common and Costly Retirement Planning Mistakes.

 

Having no plan to deal with stock market volatility in retirement would be a 9th common mistake that retirees make. 4 Ways to Manage Sequence of Returns Risk in Retirement from Wade Pfau at Retirement Researcher.

 

Buying into a partnership can be a mistake if you don’t understand the fine print. Dr. Jordan Frey, the Prudent Plastic Surgeon, explains 5 Important Things You Need to Know About Buying Into a Medical Practice.

 

Some say we’re in a recession. Others say no. Ben Carlson looks at both sides of this complex conundrum with a nod to The Office in The Michael Scott Economy at A Wealth of Common Sense.

 

Tail events exist at the far ends of the bell curve, and that’s where most of the meaningful action is for both corporations and you, the investor. Morgan Housel with Collaborative Fund explains. Tails, You Win.

 

Once frugal, Dr. Jim Dahle and his family no longer have any reason to be. How has that fact impacted their annual expenditures for a busy family of six? How Much This FI Physician Family Actually Spends in a Year from The White Coat Investor.

 

They spend a fair amount these days, but it pales in comparison to what Adam with Blind Luck Project used to do. 14 Money Tricks I Learned Spending $1M/Week featured by Mile High Finance Guy.

 

Learning About Multi-family Syndications

 

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I Believe I Can Fly

 

It was a good week. I got high twice.

The first high was quite literal, as a friend and commercial pilot that I met through this very blog took my boys and I up for a nearly hour-long pleasure cruise in a 4-seater Piper Archer.

We flew over a couple of local inland lakes where I spend a lot of time, over our current home and building site, and we even touched down briefly for a “touch and go” at our local commercial airport.

 

building-site
our future home

 

We had company up there, as the local Air Force Combat Readiness Training Center had some exercises going on, and we heard chatter of a nearby “DZ” or drop zone. Fortunately, they did not attempt to engage us in combat, and no one was dropped from our plane to the DZ. It was a beautiful day to fly.

 

 

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The second high of the week was a runner’s high. Thank you, endorphins!

My wife and I completed the Running Between the Vines Half Marathon, and our boys ran the 5k, with all of us finishing in the Top 5 for our age groups.

The hilly dirt roads made it challenging, but it was well-organized, the weather was cool with the rain holding off until we were done, and the race began and ended at a winery where beer was being served. It wasn’t my fastest run, but I finished well under two hours, which was my goal for this race.

The most impressive number of the day was not anyone’s pace or time, but my elder son’s bib number. My younger son (bib #667) stayed in the car for the pic, but he ran a great race, too, finishing 20 seconds behind his older brother.

 

 

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We still haven’t committed to a full marathon, but if we do, it will probably happen in mid-October.

 

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Have an outstanding week!

-Physician on FIRE

 

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