The Sunday Best (12/1/2019)

Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.


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!

 

 

Sunday Best

 

The Sunday Best

 

I could have FIREd before 40, but I stuck it out a few more years for a fatFIRE existence. Chris Roane of The Money Mix feels similarly. Why Fat FIRE Might Be My Only Way Out.

 

Marissa Geannette of The Unbillable Life found a way out of big law, but the transition hasn’t been straightforward. She shares Five Financial Adjustments I Had to Make After Leaving Biglaw with fellow big law escapee The Financial Panther.

 

Doc G of DiverseFI is beyond FI, but he’s struggling to adjust to big changes in his life. Has he discovered The Final Stage of Financial Independence?

 

Has The White Coat Investor discovered The Ultimate Passive Income? Or is he just being brutally honest?

 

Earning miles from generous welcome bonuses and purchases you’d be making anyway is easy passive income. CardRatings breaks down their top-rated travel cards: Best travel card winners: Chase Sapphire Preferred® Card vs. Capital One® Venture® Rewards Credit Card.

 

 

Are you interested in passive income from owning your own rental properties? Passive Income MD explains The 1% Rule and How It Can Save You Time When Evaluating Rental Properties.

 

The Semi Retired MD couple is taking advantage of the biggest tax deduction almost none of us are using. A Primer on Real Estate Professional Status for Physicians. Six-figure tax savings, anyone?

 

To learn more about how Kenji & Leti of Semi Retired MD found financial freedom with rental properties, you can enroll in their FREE mini-course, Zero to Freedom.

 

More physicians are taking advantage of Opportunity Zone investing to defer and reduce realized capital gains in an investment that can be capital-gains-tax-free. Why Opportunity Fund Investors Shouldn’t Settle for High Fees from Fundrise.

 

Sticking with the tax-lowering theme here, the FI Physician describes strategies for Optimal Giving: Tax-Efficient Ways to Give to Charity.

 

If you’re wanting to be generous, but don’t have the funds to give, Look for Zebras has some creative ideas to give back. Give thanks, and give in these 5 other ways that can truly make a difference.

 

 

I give thanks for my wife, who has been described as the “secret weapon” in our path to financial independence. How so? She can tell it best. Mrs. Physician on FIRE Speaks! A Guest Post by Request.

 

Why are physicians burning out? They can tell it best, as they did in a recent survey. From The Physician Philosopher, What Causes Physician Burnout? The Medscape Survey.

 

I’ve learned a lot from online courses, but they’re not for everyone. Why wouldn’t you want to learn from others who have found success? Top 5 Reasons Not to Enroll in an Online Course.

 

You Can Save on a Course, of Course

 

How much crap did you buy on Amazon the other day? We spent pretty much all of Black Friday at Six Flags Mexico, but before we left our Airbnb, my wife did pick up some discounted convertible pants for herself and a pair of Crocs for our elder son.

I’ll be logging on again this upcoming Cyber Monday, looking for a replacement for the camera I lost at a park a few weeks ago.

What else can you get on sale right now? A course, of course!

While I did outline some reasons to steer clear of these learning modules, there are more reasons that many of you should consider taking an online course, and I’ll have a post on that coming up soon. One of those reasons is if it’s currently discounted, as the following courses are:

White Coat Investor’s Fire Your Financial Advisor: Purchase & receive the WCI Financial Literacy & Physician Wellness course free after 7 days (good ’til 12/2 no code necessary)

Coach Carson’s Real Estate Courses 50% off with code BLACKFRIDAY2019. An online course for $25? Yup!

These deals are available today and expire tomorrow night as Cyber Monday comes to a close.

 

The Chase Sapphire Preferred Card

Chase_Sapphire_Preferred

The Chase Sapphire Preferred is my top pick for your first rewards card. It offers a welcome bonus worth at least $750 when used to book travel (after a $4,000 spend in 3 mo) and other great perks you can learn about here.

 

Viva la Mexico!

 

Now I understand why Crispy Doc penned Why Mexico City is my Paris.

The colors, the flavors, the luchadores… I’ve even found some really tasty Mexican cerveza artesenales (craft beer) in this massive city with a metro area similar in population to New York City.

In four days, we’ve visited a world-class aquarium, a theme park with monster roller coasters, several free or very-low-cost and incredible museums, and strolled through miles of walkways in clean, green parks.

We also went to Hooters. Hey, they had the Gophers vs. Badgers game on and drink specials. Don’t judge.

We’ve also eaten at numerous non-Hooters establishments, and the food has been outstanding and affordable. At one corner shop near Chapultepec park, a complete rotisserie chicken, a plate of boiled potatoes, four bags of chips, sauteed onions, and about 25 corn tortillas to wrap it all up in went for about $8 USD.

I could say more and more, but we’ve got a lot more city to explore. Just read Crispy Doc’s post and you’ll see why.

 

Blinkist

Thousands of non-fiction books, each summarized in ~ 15 minutes with Blinkist.

 

 

Have an outstanding week!

-Physician on FIRE

Physician on FIRE has partnered with CardRatings for our coverage of credit card products. Physician on FIRE and CardRatings may receive a commission from card issuers.

 

3 comments

Leave a Reply

Your email address will not be published. Required fields are marked *