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
Some federal student loan interest is going to be waived for a while. Will this affect you? If so, how? The latest from the most informed guy I know when it comes to student loans, Travis Hornsby of Student Loan Planner. What Does the Trump Student Loan Interest Waiver Mean?
With the tanking of the stock market last week, the United States officially entered a bear market. That’s not necessarily a bad thing, says Fritz Gilbert of the Retirement Manifesto. The Benefits of a Bear Market.
If the bear market lasts several decades, you’ll struggle to find any benefits, though. Jeremy of Go Curry Cracker explores how investors’ balances and retirement are affected in Lessons from Japans Lost Decades.
While it’s too soon to be officially labeled as such, there’s a decent chance we’re currently in a recession. The Financial Panther, a lawyer turned gig-economy expert, shares some Strategies for Dealing with the Next Recession.
How about some strategies for being happy? It’s not always easy during times like these. From The Physician Philosopher, Happiness Economics: What Actually Makes us Happy?
This post from a couple of years ago has aged extremely well. It may be a good time to implement what you can from the Military Dollar‘s Emergency Preparedness for Natural, Man-made, and Twitter Disasters.
The FI Physician, an infections disease doctor and financial advisor, has been exploring the pandemic from a variety of angles lately. The most recent posts in decending order:
- What is the “Goal” of COVID-19?
- Don’t Wait for a COVID-19 Vaccine to Save You
- COVID-19 Testing Tents
- COVID-19 and Children
- Coronavirus Prevention – Handshake-Free Zones
I had the pleasure of meeting “M” from Reflections of a Millennial Doctor this week, although we did not exchange a handshake or a hug. No touching! I can’t imagine someone treating the sweet doctor this way, and stories like these no doubt contribute to burnout. This is All Your Fault!
Those that are relying on Airbnb income are going to have to make some compromises in the coming months. The Financial Mechanic‘s Mother rented out her old room (and another) after she moved out. Smart move? We Were Airbnb Hosts For 3 Years– Here’s What We Learned (and Earned!)
The surprisingly controversial $13 Million Mistake guest post (read the comments and you’ll see what I mean) led to not one, but two followup posts.
- Why One Mother Left Her GI Fellowship to Raise a Family
- Why I Still Work (Even Though My Physician Husband Out-Earns Me)
Finally, another batch of excellent millionaire interviews from ESI Money. Let’s hope they’re all still millionaires after the beating we’ve taken the last couple of weeks!
- Millionaire Interview #166
- Millionaire Interview #167
- Millionaire Interview #168
- Millionaire Interview #169
- Millionaire Interview #170
The World Turned Upside Down
Unprecedented measures are being taken to slow the spread of the novel coronavirus, and for good reason. We’re seeing the results where the virus has been poorly contained, and it’s ugly.
When you have more critically ill patients than ICU beds to care for them, hospitals are overwhelmed. When there are more patients requiring mechanical ventilation than there are ventilators, difficult choice have to be made.
We’re seeing this happen in Italy, and the situation in Seattle is not good. A handful of other cities are seeing dozens of newly diagnosed patients, and it’s going to get worse before it gets better.
As is clear from the blog posts featured this week, our account balances have also taken quite a hit. I believe those losses will be temporary, but the loss of human lives from COVID-19 is not.
I sincerely thank everyone of the front lines for their heroic efforts and the sacrifices they’re making as we face this potential crisis head on.
Practice your best hand hygiene, lay low if you can, and we’ll say Cheers on the other side of this pandemic.
A course designed to help you meet your financial goals, guided by an educator who is on track to meet his family's goals 10 years out from training. Check out MD to Financially Free Open now to 6/10.
Bonus: Attend his webinar, The 3 Myths to Finding Financial Freedom & Dr. Turner will give you his book for free!
Have an outstanding week!
-Physician on FIRE