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The Sunday Best (08/20/2023)

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 frugalitytax issuestravelphysician 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!

Jorge Sanchez, MD, curated this week’s articles.

 

The storage industry is nearly a $30 billion behemoth. Charles Passy from Market Watch chronicles how he went from spending $10,000 on storage fees to getting out of the storage trap: I spent $10,000 renting a storage unit but finally learned my lesson

 

The Chase Sapphire Preferred Card

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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.

 

Being tax-efficient with your donations can make your charitable donations go further. In this week’s post, we examined how donor-advised funds (DAF) and qualified charitable distributions (QCD) work: Leveraging DAFs and QCDs for Tax-Effective Donations

 

Monevator explains why bonds and cash are similar but not the same. And while, sometimes, it can be an appropriate shortcut to lump both into the same basket, it’s essential to know when it’s inappropriate: Cash and bonds are different investments

 

Home prices are rising, and mortgage rates are at a stunning 22-year high. Axios tells a story about why housing affordability is so bleak right now.

 

 

 

Barry Ritholtz explains why you should avoid getting pulled into very short-term news if you have investment horizons of years or decades. And why stepping away from a single moment and zooming out to see the broader context is essential when it comes to investing: Pix vs. Flix

 

Money is a battery for time and energy. Investment talks shares why we should measure wealth not in terms of money but time: Wealth is the Control of Time

 

In this insightful podcast episode, Decision Nerds discusses the profound effect of regret on our choices and how it can impact even the best and brightest of us: The psychological nature of regret – why it can be useful, but also harmful.

 

Do you need a will? This article by Wealth Found Me covers the iconic late artist Whitney Houston’s Will and the lessons to learn when understanding why, at minimum, a Will is necessary for everyone: How Will I Know…

 

Steve Sanduski warns against the danger of equating wealth with virtue or happiness: 2,500 Years of Thinking About “How Much is Enough?”

 

The uncertainty of money often prevents many of us from experimenting and pursuing our passions, and exploring unknown versions of Self. All About Your Benjamins discusses the importance of micro experiments and establishing a sound financial foundation: Micro Experiments

 

You have a two-year-old, and you want to save for their college. The answer to “Where should I save?” is easy enough. The bigger, harder question is: “How much should I save?” Flow Financial Planning discusses How Much Should You Put In Your Child’s 529 College Account? What if It’s Too Much?

 

The most significant risk isn’t taking one. Tony Isola tells us how ownership changes the dynamics and income distribution in your favor: Ownership 101- A Wealth Building Guide For Young People

 

In this post, we compare VOO and VFIAX, so you can make more informed decisions about which fund best suits your investment goals and preferences: VOO vs. VFIAX: Which is a better index fund?

 

 



 

Zero to Freedom: Cashflowing Rental Mastery

 

 

Just wanted to let you know that Zero to Freedom: Cashflowing Rental Mastery, just opened for enrollment.

 

This course is the ultimate guide for buying rental real estate. Leti and Kenji teach you the exact process for finding and buying profitable rental properties so you can avoid mistakes and mitigate your risk.

 

They’ll spill all the dirt on how to:

  • Analyze a deal: Sure, that beachside bungalow or mountain cabin looks beautiful…but will it make money?
  • Maximize your cashflow: See exactly how to make smart upgrades (often on the cheap) that will increase cashflow and lead to a higher sales price when you go to sell the property down the road. 
  • Harvest tax savings: Learn ways to shelter your rental income and some or all of your professional income from taxes. They cover all of this in the course, including interviews with tax accountants, so you can be as tax efficient as possible.
  • Automate your new real estate: With the right mix of apps, services, tech, and tools, you can create a high-touch experience that’s actually less work for you.

 

Zero to Freedom also comes with:

  • 7 live Q&A sessions with Leti and Kenji
  • 30+ open office hour sessions with other expert ZtF coaches that will be available at various times throughout the week to accommodate your schedule
  • Lifetime access to the video training modules and all supporting materials
  • Future updates and additions to the course
  • And an open door to Leti & Kenji’s real estate agent and vendor networks

 

In short, you’ll have everything you need to start your real estate investing journey. (More than a few past students got started before even completing the course!)

 

You know how quickly time can slip away from you, so head over to the sales page right now to sign up.

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