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The Sunday Best (09/11/2022)

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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

 

An OG FIRE blogger and podcaster has become a “big poppa“. From the Mad Fientist, Why I’m Appreciating FI More Than Ever Now.

 

There’s much more to FIRE than 25 years worth of spending. The Prudent Plastic Surgeon counts a total of ten key factors. Defining the Most Important Variables in the FIRE Equation.

 

“History never repeats itself. Man always does.” – Voltaire. Morgan Housel, master of behavioral finance, shares Five Lessons from History that you can learn from at Collaborative Fund.

 

When we talk about sequence of returns risk, we typically think of new and aspiring retirees. John Rekenthaler with Morningstar reminds us that SORR matters even for those decades away from retiring. Retirees Aren’t the Only Ones Who Face Sequence Risk.

 

Dr. Dawn Baker of Practice Balance loves wide open spaces, and she and her family have made some rural acreage their own. She details how they defined what they wanted and found it. What to Think About When Purchasing Land.

 

Others purchase real estate solely for the investment returns. Site sponsor Ascent Equity demystifies the language used by real estate investors. Syndication Returns Explained: IRR, EM, and CoC.

 

Crowdfunding has become popular in recent years, but it’s been in existence for centuries, says RealtyMogulHow Crowdfunding for Real Estate Really Works.

 

There’s an incredible amount of dishonesty surrounding “passive” income, but Passive Income MD takes a more realistic approach. Is Passive Real Estate Really Passive?

 

If you prefer to stick with stocks and bonds for your investments, it’s important to understand How a Taxable Brokerage Account Can Be Better Than a Roth IRA.

 

No investor is perfect, even best-selling author Allan Roth. Wrong! My Mistakes Over a 20-Year Advisory Career from Advisor Perspectives.

 

Jim asks Jesse with Best Interest if his investments in VTSAX should be considered a mistake. “Did I Make an Investing Mistake?”

 

Some familiar faces may have made an appearance on your Netflix feed. From Mr. Money Mustache, It’s Get Smart With Money Day!

 

Get Smart With Money

 

I was excited to hear about this project sometime last year, and I look forward to sitting down with some popcorn to take in the new Netflix documentary production called, appropriately, Get Smart With Money.

Upcoming Webinars

Enjoy the trailer:

 

YouTube video

 

It’s not exclusively focused on financial independence (FI), but if you’re familiar with the participants, you’ll know that FI will be prominently featured.

A few years ago, we were hopeful that the Playing with FIRE documentary would help bring FIRE to the masses in the way that The Minimalists’ Minimalism film did for that movement. I don’t think it quite had the impact the creators would have liked to see. Maybe this new film is the ticket?

Check out more about the new show here at Netflix.

 

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Physicians, Pharmacists, and other healthcare professionals are invited to join Incrowd today!

 

Don’t Believe the Hype!

The highly-but-not-too-highly-anticipated No Hype Real Estate Course from The White Coat Investor is now open for enrollment. Get $400 off as an introductory rate now through September 26th.

All of the info you need to confidently understand and invest in real estate in many forms from passive to active with none of the BS from an extensive list of stellar faculty, including:

  • James M. Dahle, MD, Founder of the White Coat Investor
  • Disha Spath, MD, WCI Ambassador
  • Leif Dahleen, MD, Founder of Physician on FIRE
  • Cory Fawcett, MD, Founder of Financial Success MD
  • Chad Doty, CEO of 37th Parallel
  • Don Wenner, CEO of DLP Capital
  • Jilliene Helman, CEO of RealtyMogul
  • Michael Episcope, CEO of Origin Investments
  • Paul Moore, CEO of Wellings Capital
  • Anthony Morena, Founder of Mortar Group
  • Jim Sheils, Founder of JAX Capital
  • Joe Ollis, CIO of The Peak Group
  • Michelle Schmidt, Realtor
  • Jon Schmidt, MD, Real Estate Investor
  • Sabitha Setty MD, Founder of The Unorthodox Doc
  • Param Baladapani, MD, Founder of Generational Wealth MD

Check out No Hype Real Estate with a 7-day money back guarantee. I hope that wasn’t too much hype. 😉

 

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Get $400 off now!

 

Opportunity Knock$

 

On the main stage at FinCon this week, television personality Jean Chatzky appeared via video to introduce us to a new project she’s been involved with called Opportunity Knock$. She introduced one of her co-stars, Patrice Washington, who told us more about the upcoming PBS series that will feature real money stories from people who are being coached through their financial issues.

The trailer we saw was remarkably reminiscent of the one above for Get Smart With Money. I think this Opportunity Knock$ series may feature families in a worse financial position than those in the Netflix documentary, but I’ll have to see them both to compare and contrast.

Based on the brief video below, it does appear that the featured families were paid $30,000 to participate, whereas Pete Adeney tells us that the Get Smart With Money cast was paid very little.

 

I once shared a stage with the vibrant Jean Chatzky as part of a previous year’s FinCon panel, and Patrice Washington had a great stage presence in front of many hundreds of conference-goers. I’ll be interested to see how they help these families with money issues.

Any time my fellow financial content creators are featured on major platforms that have a much larger reach than any of our individual blogs or podcasts, I’m happy to see it. Common-sense money management is not nearly as common as it should be, and shows like these can help make a dent in the financial literacy problem we have.

 

Home!

 

Experience has taught me that a week away from my family is a lot, and two weeks is too much, but after a few years of spending just about every day together, I seemed to have forgotten that lesson.

I’m happy to report that I’m returning home today after a busy two-plus weeks that included time with my parents and brother, a personal finance retreat and conference, one of which I spoke at, two Golden Gophers football games attended with high school friends of mine, two flights, and two 11-hour drives.

It was a whirlwind couple of weeks and a lot of fun, but alas, it’s good to be home.

 



 

Have an outstanding week!

-Physician on FIRE

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How to avoid common tax mistakes Webinar

Learn how to avoid common tax mistakes and unlock lesser-known tax strategies to accelerate your FIRE journey. Join us for the webinar on October 17 at 12pm ET/9am PT. Plus, all attendees can receive a free tax consultation!

When: October 17 | 9 am PT | 12 pm ET

 

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