The Sunday Best (02/20/2022)

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

 

He bought $3 Million in real estate and saw his net worth increase by $900,000. Where does that put The Darwinian Doctor now? The Darwinian Doctor’s Net Worth and Asset Allocation | Early 2022.

 

Another one of our doctor friends from out west takes a look at his finances. Dr. McFrugal conducts his Year In Review 2021 Finance Edition.

 

Maybe it’s time you assess your own financial health. Chris Mamula with Can I Retire Yet shows us how he does it. Assessing Your Financial Health.

 

He’s in an excellent position to Retire Before Dad, revealing that he surpassed his FI goal last year. How does this alter his present and future plans? With FIRE in My Hands.

 

The duo behind Nomad Numbers have been roaming the world for years, but they stayed put in Taiwan to ride out the pandemic. What do their expenses look like? Eat Sleep Breathe FI asks them in How Much Does It Cost to Live the FIRE Life (as a Nomadic Couple)?

 

They live primarily in Airbnbs, as I have done for a total of about 7 months in the last 7 years. After dozens of stays, I’ve got some snarky feedback. My Top 5 Airbnb Pet Peeves & How to be a Good Host.

 

Do you think of financial independence and financial freedom differently? Lindsey Smith from Marriage Kids and Money does. Financial Freedom vs. Financial Independence: What’s the Difference?

 

Our next interviewee has achieved both, but she keeps bumping back her retirement date with new goals. She tells her story in FIRE Crossroads 021: 60 Years of Expenses Saved at Age 46.

 

Jim from Route to Retire FIREd several years ago, and frugality was a big part of his success. Now, he struggles to break the habit, even when pinching pennies can do more harm than good. He reminds us to Stop Counting Pennies and Focus on the Dollars.

 

His dilemma is a common one, and here are a Handful of Thoughts to help you get past Having Anxiety Over Spending Money on Yourself.

 

You might feel better knowing that you could make money off many of those things you’ve bought for yourself. Kinda Frugal shares 21 Things You Can Rent Out for Profit and how to do so.

 

Inflation means you spend more when you spend, but you also make more when you’re on the receiving end. Passive Income MD explains how to take advantage. 3 Ways Real Estate Investors Can Benefit From Inflation.

 

Have you vacationed somewhere and wondered what it would take to be the one collecting rent instead of paying it? Carpe Diem lists Five Things to Consider When Purchasing a Short Term Rental (AirBNB/VRBO).

 

My friend Dr. Mitra Sadhu from Physician Finance Basics built a house that is anything but basic! How a Boglehead Builds A Doctor House Part 1.

 

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Snap Back to Reality

 

Ope, there goes gravity. Ope, there goes… our family, packing for another adventure.

But first, about 10 days of relative normality. I returned home from WCICON22 about 10 minutes before the Super Bowl kickoff. It was a great game, and being home watching with just my kids, I actually got to see the whole game, all the commercials, and the fun, nostalgic halftime show.

I also won $100 after putting in $50 (so, a $50 profit) to buy 5 squares on a scoreboard for a local fundraiser that paid out half its collections.

Twice this week, I took my boys skiing, our first downhill adventures in almost a year. Our ski legs came back to us quickly, and we got to explore Nub’s Nob, a northern Michigan hill that we hadn’t been to before.

 

 

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Skiing can be really expensive, but it can also be quite affordable when you have the flexibility to take advantage of mid-week specials.

For example, at Otsego Resort, an Olympic training ground, we got 5 hours of skiing in on Thursday afternoon/ evening. Lift tickets were $10, rental packages were $10, a large pepperoni pizza was $10, and craft drafts were $3. Bargains all around!

As I unpacked for one trip, I packed for two more. We’re heading to Florida mid-week for a month-long trip that will take us to Orlando, Homosassa Springs, Ponte Vedra Beach for the now-free DLP Prosperity Meeting, and we’ll spend a week in Colombia, as well.

If you happen to be in Orlando next weekend, I’ll be attending a lunch and learn on Saturday, 2/26 with a couple of the bloggers featured above! Reach out to Dr. Sadhu for further details.

 

 

Registration for the FREE Leverage & Growth Summit is Open!

 

Between ski trips, I squeezed in a great chat with Peter Kim, who is hosting what I believe is the 3rd edition of the Leverage & Growth Summit.

Once again, registration is free, and you’ll be able to take in the 30-some talks within a couple days of their release at no charge. You’ll have the option to purchase lifetime access if interested.

This is an outstanding opportunity to learn more about non-clinical opportunities for physicians from a few dozen doctors who have leveraged their knowledge and expertise to do something a little out of the ordinary.

Grab your no-cost, no-obligation registration here. The talks will start rolling out to you on Wednesday, March 9th.

 

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A Recommended Financial Advisor

 

RFK Capital Management

RFK Capital Management – Application for Financial Advisory Listing

 

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Financial Review: One time fee of $975

Introductory Call: 15 to 20 minutes, free

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801-372-1446
[email protected]

Visit RFK Capital Management

 



 

Have an outstanding week!

-Physician on FIRE

 

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