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.
For more great articles, take a peek at The Sunday Best Archives. Now let’s get to the best… The Sunday Best!
Dr. Trisha Talbot invited me on to the Providers, Properties & Performance Podcast where we talked about investing, retirement, and the future of medicine. Episode 75 – Passive Real Estate Investing Leads Anesthesiologist to FIRE with Leif Dahleen, MD.
Olaf, the Mile High Finace Guy, is not yet FI, but he’s got what he wants — a growing nest egg and two part-time jobs that he enjoys. FIRE Crossroads 006: Mile High, Mostly FI, Working in Finance and Wine.
Dr. B.C. Krygowski has discovered what she wants, and it’s not what she expected. Why a FIRE Doctor Wants to Continue Working After We Re-enter our New Normal.
Speaking of a new normal, I am so excited to be one step closer to it as we were able to get our 11-year old his first COVID vaccination yesterday! We have some serious travel plans, and I believe we’ll be home for about 5 weeks out of the next 5+ months!
Another physician blogger is stepping up his game at work. Crispy Doc explains why. Engagement, Energy, Flow: Why I Chose To Go From 6 Workdays A Month To 24.
The Physician Philosopher has overcome burnout, and he shares his tips for staying in the game. TPP Episode 32: Do You Feel Trapped, Stuck, or Burned Out in Medicine? Then Let’s Fix It.
Not everyone is willing or able to stick it out, though, and the Darwinian Doctor discusses A New Resource for Residents who are Thinking of Quitting, created by one who did.
Many have found the solution to burnout is to work less, and that’s much easier to do when you can be done saving, earning enough to simply cover your spending. Joseph Kim with Biglaw Investor asks What’s your coastFIRE number?
This guy’s coasting into the Carolina hills to retire in his mid-fifties after hitting his FI number. Post FI Notes 006: Gone to Carolina With the Rule of 55.
I’ve published posts on some of the best and some of the worst money habits of NFL players. Let’s hear it straight from one of the NFL’s own, former kicker Dan Silvestri with Radical FIRE. The NFL And IOU: 10 Debt Lessons You Can Learn From Football Players.
While many professional athletes need to learn how to save money, there are professionals in every field that can benefit from learning the opposite lesson. One Frugal Girl explains the importance of learning How to Spend Money on Yourself Without Feeling Guilty and in which ways that money is best spent.
It took more than 14 months, but Carl from 1500 Days, with a little help from his pal Elon, turned less than ten grand into a cool million. Is he cashing in or HODLing? Tesla, My First $1,000,000 Investment. My first 7-figure ticker was VTSAX; I’m boring like that.
Whatever Carl decides to do with his money, I’d advise him to stay away from this “sounds too good to be true and it is” product. 5 Reasons Not to Buy Indexed Universal Life Insurance from The White Coat Investor.
Yes, We are Immunized
And by immunized, I mean that everyone in my household has received an FDA-approved mRNA vaccine shot (or 2 or 3) in the deltoid muscle, administered by a legitimate healthcare professional.
I’ve been quite vocal and factual when it comes to COVID vaccines on my personal Facebook profile, and when the news broke about the talented but misguided quarterback from Green Bay, I couldn’t help but post a link to this opinion piece with a one-word intro: “Dumbass.”
A couple of people commented, asking if I was referring to his decision not to get a vaccine or his deception when asked about it. My initial response was equally curt. “Yes.” This was before Rodgers claimed to be allergic to the mRNA vaccines in an interview that put his weak insight into the pandemic and science, in general, on full display.
One Facebook friend of mine mentioned that we’re all entitled to an opinion and that a personal decision like this shouldn’t be anyone else’s business. I felt like that comment deserved a lengthier reply, which I gladly gave:
“It may be a personal decision, but it’s a decision that affects not only the individual, but also their friends, family, and society. Indirectly, that decision also impacts businesses small and large and our economy as a whole, as the longer this pandemic is with us, the more difficult it will be to return to business as usual — although some things will never be quite the way they were before.
In his case, it’s a decision that impacted himself, his family, his team, and millions of Packers fans.We’re all entitled to an opinion. At the risk of sounding like a jackass, I will say that mine is based what I learned as a dual major in biochemistry and genetics & cell biology followed by four years of med school. I’ve also followed the development of these vaccines and have listened to people much smarter and experienced in these fields than me.
There’s a reason I volunteered 100+ hours at COVID vaccine clinics, and it’s not because I like driving all over northern Michigan in the winter or poking people with needles. I did it because the vaccine is life-changing and life-saving for so many people.
I suspect we’ll agree to disagree, and that’s OK, but I do believe that Rodgers was foolish for both turning down the vaccine and being deceptive about it.”
I may lose a few friends (and possibly a few readers here) with such an approach, but the loud voices of skepticism and misinformation need to be countered.
Benefitting from the Real Estate Runup
Fourteen months ago, I finally made an investment that I had contemplated for quite some time. I knew that the White Coat Investor had invested with them previously and that their latest fund was an improvement upon its predecessors.
When I saw that the price per share had actually dropped about 7% amid the uncertainty early in the pandemic and was not marked up promptly (unlike the rapid V-shaped recovery in the stock market), I made my commitment.
My $250,000 investment, after fees, is now worth $282,237, and I’ve received $17,274 in distributions (exactly $1328.80 monthly) for a total return of nearly $50,000 in 14 months.
Using Excel’s XIRR function and counting from the day I sent the money in, I calculate an IRR of 17.2%, well above the expected 9% to 11%. There are early redemption costs for those who stay in the fund for fewer than five years, but I plan to be in it for the long haul, and I may add to my investment in the future.At the time I decided to invest, Origin did not advertise with us at Physician on FIRE, but they are now a paid sponsor.
Here are some more stats on Origin’s IncomePlus Fund.
- Thirty consecutive months of distributions since inception.
- Rent collections for our operating properties averaged 97% during September, above the National Average of 92.9%.
- The average LTV (loan to value) and debt-service coverage ratios for the Fund’s common equity investments are 56% and 1.49x, respectively.
- Occupancy in September averaged 96%, 750 basis points above the occupancy in September 2020. Recent competitive trades suggest aggressive increases in property valuations driven by compressing yields and improving operating fundamentals. Within our common equity portfolio, we are achieving rents that are 9% above the average rent under lease. As we roll leases to the higher rent level, we expect the property values to continue appreciating.
- As of 9/30/2021 the Fund held 12 properties (30% common equity, 47% preferred equity and 23% in cash and marketable securities) with Fund cash being reserved for upcoming deal closings.
Have an outstanding week!
-Physician on FIRE