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!
Presenting, this week’s Sunday Best:
My story is one of the last among a few dozen tales of extreme frugality. It involves the NCAA Wrestling Championships, which just happens to have taken place this weekend. From Making Sense of Cents, 50+ Crazy Things People Have Done To Save Money.
You see, my parents taught me the value of a dollar, and I didn’t have many dollars back then. How do you teach a kid about money? The Wealthy Nickel (paradoxical name, no?) has a guide for kids at all different stages. How to Teach Kids About Money (At Every Age).
The Poor Swiss could have been The Rich Swiss if he had only learned the lessons he’s now gleaned from these popular animated programs:
- Money lessons from The Simpsons #1
- Money lessons from South Park #1
- Money lessons from Family Guy #1
You probably won’t be teaching your young children are the intricacies of selecting an appropriate asset allocation. That’s more of a grownup topic, and the Millionaire Doc covers it nicely, integrating his penchant for real estate investments into one cohesive allocation. What’s the Right Asset Allocation? Well… that depends.
Get in the zone! No, not Autozone. Not Syracuse’s 2-3 Zone, either. The Wealthy Doc wants you to understand what Wealth Zone you’re in. He’s not trying to defeat you; he just wants to help. Know Your Wealth Zone and Have Money For Life.
Would you rather be happy or wealthy? It’s a tough question, but of course, it presents a false dichotomy. Read the Physician Philosopher (no relation to the physician known as the Happy Philosopher) and wind up both happy and wealthy. Mo’ Money, Mo’ Problems: Mastering Happiness Economics.
Am I Financially Independent Yet? For Dr. FIREFly, a Canadian resident physician, the answer is a big fat “no.” But the fact that the good doctor is asking the question makes me think it will come more quickly.
A Purple Life is getting is closer to FI. It could be because she took both the blue pill and the red pill (hence, the purple) or because she found a way to cut her time to FI in half. Either way, she’s taken the time to try out the FI life. Testing My Early Retirement Schedule.
Miss Bonnie MD has been interviewing female physicians from around the country to get a sense of they manage to balance work, life, family, and finances. I’ve met a couple of the following women in person and know a couple more from their blogs. It’s been a few months since I featured the series, so let’s get caught up!
Ecuador Chautauqua, Here I Come!
Those of you with a finger on the pulse of the FI community have probably heard of the Chautauquas that have been taking place in the mountains of Ecuador since 2013.
I’m excited to report that I’ve been invited by Cheryl Reed to attend as a speaker and participant for a week this coming November at the Above the Clouds Retreats. I’ll be joined by Steve Adcock of Think Save Retire and Rockstar Finance fame, and Paula Pant from Afford Anything and that absurd Suze Orman interview.
What is a Chautauqua, exactly? I haven’t experienced one firsthand, but based on what I’ve heard and what I’ve read from those who have attended, it is a potentially transformative week of laid back presentations, discussion, camaraderie, and leisure where financial independence is the focus.
You can read about others’ experiences in Ecuador and review an example of the weekly schedule at the Above the Clouds site. Note that this Chautauqua series is independent of the European versions put on the last couple of years by my friend JL Collins.
The first week in Ecuador this November is sold out, but I’m planning to be there the second week, November 16th to the 23rd, where spots are still available. If you’re interested in joining me, Cheryl, Steve, Paula, and others for this unique experience, you can learn more and register for the opportunity here.
Longmont, Colorado, Here I Come!
Yesterday, my friend Carl, a.k.a. Mr. Mom, sent me a picture text.
I wrote back. “I’m on my way.”
And then, “No, really. I’m on my way. On Thursday.”
I’m not usually super spontaneous; I’ve actually had the flight booked for months. I just wasn’t sure what I’d do with my long weekend. I initially had plans with another friend, but those plans worked out about as well as the Golden Gophers plans to make the Sweet Sixteen.
It’s been a couple of years since I was out that way, and I’m looking forward to checking out the newly expanded MMM headquarters and maybe a brewery or two.
Carl, a.k.a. Mr. 1500 a.k.a. my Colorado tour guide may be planning a get together via the Choose FI Denver Facebook group, but I’ll be sure to announce any specific plans via my e-mail list. You can join that here if you haven’t already.
WCI is having a sale on all courses with a free bonus course included with your paid tuition this week!
In honor of Financial Literacy Week, if you buy either the Fire Your Financial Advisor or the 2020 Continuing Financial Education course, you will not only receive 10% off, but also receive the Physician Wellness and Financial Literacy Conference - Park City course for free.
Have a Rocky Mountain High kind of week!
-Physician on FIRE