The Sunday Best (2/7/2021)

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

 

You’ve seen my investment portfolio. Now see how a young doctor invests for himself and his family. From Dr. Pay It Back, How I Invest My Money.

 

Dr. Peter Kim has tilted his portfolio towards real estate. On Passive Income MD, he shares 6 Simple Rules for Successful Real Estate Investing.

 

Don’t Overdo It” is good advice in just about all facets of life, you know, “moderation in all things.” In this case, Jonathan Clements, author of How to Think About Money and the blog Humble Dollar, is talking about frugality. Yes, you can have too much of a good thing!

 

If you’ve got the opposite problem, you’ve still got a problem, says Jori Hamilton. The Danger of Assuming You Can Out-Earn Your Bad Spending Habits.

 

So you’re a millionaire? That’s still not a pass for bad spending habits. As Jim from Route to Retire reminds us, Being a FIRE Millionaire Doesn’t Mean You’re Rich.

 

I’m good enough, I’m smart enough, and doggone it, money likes me. If you’re working on changing your money mindset, the Invested Wallet has 35 Money Affirmations to Attract Wealth and Abundance. Now look in the mirror and repeat after me…

 

When being dragged through a lawsuit, you may need to remind yourself that you’re still good at what you do. From Stacia Dearmin at The Female Professional, 5 Thoughts On Living Through A Medical Malpractice Lawsuit.

 

Lawsuits are best avoided entirely. So is probate. The White Coat Investor outlines the many ways to avoid this lengthy, costly process. Estate Planning: 11 Ways to Avoid Probate.

 

While events of the past couple of weeks may have introduced many investors to the concept of the “short squeeze,” it’s not a new phenomenon at all. Nick Maggiulli from Of Dollars and Data tells a century-old story of Clarence Saunders and Piggly Wiggly in When They Start to Lose, They Change the Rules!

 

If you found some of the actions, strategies, or terminology used in the meme stock debacle to be a bit perplexing, you’re not alone. Jesse of The Best Interest penned The GameStop Short Squeeze Explained: 10 Questions and Answers with you in mind.

 

Financial IQ by Susie Q further elucidates what went down in How Short best on GameStop Took Big Slides: Learn How Hedge Funds Lost Money and Why Brokers Limited Trading.

 

You know what else went down last week? GameStop stock, which closed at $63.77 on Friday after teasing $500 intraday highs just days earlier. Some Davids may have beat Goliath, but many were left holding the bag. Josh Brown, the Reformed Broker, shows us How David Beats Goliath in Real Life.

 

Linda, a former Wall Street equity analyst, has heaps of sage advice, particularly for novice investors who may have gotten caught up in the meme stock mania. A Letter To Young Investors On This Market Frenzy on The Cents of Money.

 

I’m hopeful that this will be the end of the Gamestop talk around here, but it was a fun film to watch while it lasted. Apparently, two actual films about the phenomenon are already planned. Until then, I think we can move on from this are return to our regularly scheduled programming.

 

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ACE: Save $500 on the Alpha Coaching Experience

 

Our good friend and WCI Network partner Dr. James Turner is offering his upcoming life, career, and money coaching services at a $500 discount, but you must join the no-obligation waitlist to access the offer.

 

If you have ever had any interest in learning how to create non-clinical income, this is a great opportunity to get coaching to do just that.  James has created multiple six-figure sources of revenue through blogging/podcasting, online courses, coaching, and more.  

Whether you are someone who is looking to figure out how to balance being a partner, parent, and physician… or you are interested in getting money and business coaching – the Alpha Coaching Experience could be for you. 

Check out the Alpha Coaching Experience (and the testimonials from other doctors who have gone through it) by checking out The Physician Philosopher Alpha Coaching Experience. The waitlist will be closed by this time next week!

 

Super Bowl Sunday!

 

While we won’t be hosting a big party or attending one, I am preparing a bunch of fun appetizers and planning to enjoy a few good beers.

Who have you got in the big game? The Chiefs are the favorites by the oddsmakers in Las Vegas, however difficult it is to consider Tom Brady as a Super Bowl underdog.

Gophaneer
image credit: @TK210Photog

I’ll be rooting for his team, though, as 2 Golden Gophers that I saw make so many great plays in person and on TV over the last 5 years are now rookies for the Buccaneers. If Minneapolis North’s own Tyler Johnson along with Antoine Winfield Jr. take home winners’ rings, I’ll be happy, but if the”Chefs” prevail, Minnesota’s Damien Wilson will be wearing that hardware, so I can’t complain.

As an aside, I was shocked to learn that I’ve been saying “Great Googly Moogly” for a whole 25 years. That commercial holds up, though. I showed it to my kids last night and they thought it was hysterical.

 

It will be definitely be nice to put my feet up and relax after one of the more hectic weeks of my “early retirement.”

My wife and I took turns staffing 5 vaccination clinics and parenting / homeschooling, splitting time between our home and cabin, and I took the boys skiing three times. I spent all day Friday diagnosing an internet outage that resulted in me buying and setting up two mesh router systems ( the first one failed me).

And, of course, I was doing the blog thing — I’m bringing on some help with the website so that I can do more cool stuff like I did this week without feeling overwhelmed or falling behind.

I did get a chance to unwind at our local brewery on Friday with a fan of the blog, which was awesome. After a dry January, adding a little moisture to my February was thirst-quenching.

 

Last Call for the Women Physicians Wellness Conference Virtual Leadership Summit

 

The WPW — that’s Women Physician Wellness — Virtual Leadership Summit is coming up next weekend, already, from 2/11 to 2/13. They’ve lined up 25 women physician speakers, and the event is good for up to 15 CME Credits. Your $350 tuition gets you access to all the talks for 30 days after the event’s conclusion.

You can see the schedule with speaker lineup, along with other details here.

 

Check out the WPW Summit

 

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Have an outstanding week!

-Physician on FIRE

 

 

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