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!
The Sunday Best
We travel too much to have a lower-budget retirement (and travel as a family of four), but using travel rewards wisely certainly helps. The Budget Savvy Bride talks about low-cost travel for two in The Savvy Secret to Booking Your Dream Honeymoon for (Almost) Free.
Her plan does not involve starting an IV at 37,000 feet, a feat I’ve accomplished twice in the three in-flight medical emergencies I responded to over the years. Earning Free Travel the Hard Way (and How to Make it Much Easier).
I honeymooned in Alaska, and we plan to go back for our 20th anniversary, but in the meantime, Spain looks like a great destination. We’ll be there for two months starting in two weeks! We seem to be following in the footsteps of the Crispy Doc family who was there this last summer. I’ll be referring back to his Barcelona Highlights from his recent family getaway.
We travel a lot, but not as much as the now-retired general surgeon Dr. Cory S. Fawcett. His latest book, The Doctors Guide to Real Estate Investing for Busy Professionals is reviewed by Wealthy Doc. Real Estate Investing for Doctors.
This is book four in Dr. Fawcett’s Doctors Guide books. See my take on the first three:
- Book Report: The Doctors Guide to Eliminating Debt
- Book Report: The Doctors Guide to Starting Your Practice Right
- Smart Career Alternatives and Retirement for Physicians
I didn’t realize until recently that these Opportunity Zone investment benefits would not be the same come January 1st. If you had significant capital gains from investments this year, it’s worth looking into your options to defer and reduce the tax impact. From EquityMultiple, Opportunity Zone Investing—Considerations for the End of 2019.
Real Estate is just one of many types of investments represented on the annually updated Callan table. The FI Physician looks at the last two decades of returns and guesses what might happen in the next one. Callan Periodic Table in the 2020’s: Two Decades in Review.
The White Coat Investor looked at the same data set and recently published his findings. 7 Things to Learn From the Periodic Table of Investment Returns.
The Minimal MD visited the local library and published her findings. Well, she didn’t just visit. She’s clearly a regular, highlighting 13 potential benefits, several of which I had never heard of. Want less clutter and debt? Love your library.
When you’re done showing your library some love, show some love to your parents. And then sit down for what can be a difficult discussion. Having the Financial Talk… With Your Parents.
Just don’t tell them you maybe kinda sorta joined a cult. It’s not like we’re the Branch Davidian! Joining a Cult: The Financial Independence Counterculture.
ESI Money has cultivated a growing list of millionaires and their habits. Cultivated. See what I did there?
- Millionaire Interview #151
- Millionaire Interview #152
- Millionaire Interview #153
- Millionaire Interview #154
- Millionaire Interview #155
Home Sweet Ho……ly Crap, That’s a Lot of Mail!
We were away for nine weeks. You’d swear it was nine months if you saw the pile of letters, catalogs, magazines and more that were waiting for us upon our return.
A kind friend picked up our mail periodically and collected it in a bag while we were away. When the bag was full, she started using a box. And then a bigger box when the smaller box was full.
At least 80% can be tossed aside, destined for the recycle bin. Given the time of year, a few percent of the pile consisted of Christmas cards and newsletters and those are always fun to read. I actually wrote one on the plane home, but we’ve run out of time to send it out. Whoops! Guess you’re getting an email this year, family and friends!
Most of what’s left after the junk mail and Happy Holiday wishes is either requesting a check or sending one to me. Although we sold some of it this year, we still have most of that lakefront investment property. The township treasurer sends a letter requesting a check for each of the seven remaining parcels twice a year.
We also owe property taxes on our new $90,000 home and our lake cabin. Those requests were waiting, as well. Fortunately, pretty much every other bill is on autopilot and autopay, including the utilities and credit cards.
Running an online business, there are some pleasant surprises in the mail. Instead of asking for checks, some companies actually send them to me! While I prefer electronic transfers over snail mail and paper checks, it’s tough to get upset over someone sending me money.
Next fall through spring, we plan to be gone for over six months. I expect our accumulated mail to be delivered by forklift on a pallet. How much fun will that be?
Safe Travels and Happy Holidays!
I’ll be on the road most of the day today. For those of you who are traveling this holiday season, I wish for clear roads, timely flights, tolerant children, and no lost luggage.
If you’re staying home to host a family gathering, may everything go according to plan, and when your in-law / uncle / second cousin thrice removed has a little too much egg nog, may he or she have nothing but kind words to say.
I hope you get the gifts you’re hoping for and the ones you give are well-received. If you haven’t finished shopping yet, get on that, already! Amazon’s one-day Prime Shipping has turned you into a lazy shadow your former self. 😉
2 points per dollar spent (2% cash back equivalent). Up to $300 credit each year for travel booked on Capital One Travel, 10,000 bonus miles each account anniversary ($100 value). Unlimited Priority Pass Lounge Access, $100 Global Entry or TSA Pre✓ credit. $395 fee can be more than offset with travel credit & annual point bonus
Have an outstanding week!
-Physician on FIRE