The Sunday Best (3/24/2019)

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!

 

 

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).

 

Or you could just plop them down in front of the TV (or whatever device kids watch cartoons on in 2019). 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:

 

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.

 

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The woman behind 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.

 

How does one get to that magical place known as FI? Michael shares many ways to achieve this Uncommon Dream in many words in this masterpiece: The 7 Ways to Escape the Rat Race.

 

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.

 

Oskar Blues Salted Caramel Ten Fidy

 

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.

Cheers!

 


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Have a Rocky Mountain High kind of week!

-Physician on FIRE

12 comments

  • I knew you’d like my Notorious BIG reference 😉

    “I don’t know what they want from me
    It’s like the more money we come across
    The more problems we see”

    Jimmy (aka the notorious TPP)

    • B I G J I M M Y
      No info for the D.E.A.

      Doesn’t quite rhyme.

      Cheers!
      -PoF

      • Hahahah yeah, not quite the same. More like…

        People didn’t know me 16′, bet they know me now.
        I’m the young millennial doc, with a goldie sound
        They see me on my game, main man bloggin’.
        Holla at ya’ boy,
        Cause they see me hoggin’
        All the fame, cause you know we won’t stop.
        We won’t stop till we on top.

        Notorious TPP

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  • Great lineup as always.

    I had missed a couple of these, so I have my Sunday reading lined up.
    Thanks so much for including me. You control the new “Rockstar Effect” and I appreciate you sending your influence my way.

    Enjoy Longmont. Will you get to hang with Pete at all too?

  • Thanks for including me, PoF! I’m a little bummed we’ll miss your trip to Northern Colorado, but we’re looking forward to seeing you this summer.

  • glad to hear you will be coming out our way POF. Carl is not only a great role model for those aspiring to FI but speaking from knowing the him, he is a great guy in the community all around. I too am bummed about our gophers not going the distance. Maybe I’ll see you around MMMHQ POF during your visit

    • Thank you, LOtM!

      Our Gophers, eh? I look forward to hopefully chatting in person. And I didn’t exactly have high, high hopes for the Golden Gophers in the NCAA tourney, anyway.

      There’s chatter about a happy hour at MMM HQ. Perhaps we’ll see you there!
      -PoF

  • I love that you include articles about kid learning money in your Sunday best.

    I’ve always thought that one of the best things for kids to learn about finances is by not hiding from your kids when you do it. My wife and I have our kids right there with us when we talk finances. They know we care and now they care too to be more like mom and dad.

    My oldest has goals and budgets too…but really only so far as to buy a bigger chocolate bar. Its a start 😛

    Love the Sunday best, keep it up.

  • Hi PoF,

    Thanks for linking me! I’ve been a long-time reader and it’s so neat to be mentioned on your blog. I’ve been away from Internet for a couple weeks and only on my return noticed that I’ve been linked here.

    How did you find my little blog in the big wide Net?

    (And thanks, I sure hope FI will come more quickly. For now, steady onward!)

    -Dr. FIREfly

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