The Sunday Best (4/22/2018)
The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
You’re probably familiar with the 4% rule of thumb for retirement spending. But do you know about the 1% rule for rental properties? Another useful guideline from Coach Carson: The One Percent Rule – Quick Math For Positive Cash Flow Rental Properties.
I don’t have any “one simple trick” to help you pay off those debts, but Dr. Gadlin found a pretty clever method using reward credit cards to accelerate his loan payoff. In a guest post at Passive Income MD, he reveals The Ultimate Student Loan Hack for High Income Professionals.
Why are people so eager to pay off debt? For some, it’s like a dark cloud overhead that never disappears. This couple earning $350,000 a year contemplates whether or not to eliminate the last of their debt. J. Money @ Budgets are Sexy weighs in. Put Savings Towards Mortgage Balance, or Nah?
Want to know “one simple trick” to ensure you’re never debt-free? Succumb to lifestyle inflation. The Flawed Consumer tracked both income and spending for a number of years and the results were not pretty. Beware! The Lifestyle Creep May Be Stalking You.
I think one reason doctors spend too much money is the search for fulfillment. If you’re not getting it from your career and you’ve got plenty of disposable income, why not try to buy it? Perhaps career fulfillment is one key to financial independence. Dr. Networth ponders scaling back 10 years into his career and asks, Have You Reached Career Fulfillment?
At what age is it OK to consider retirement? The Financial Samurai explains why he thinks he and I are at the perfect age to pull that trigger. The Ideal Retirement Age To Minimize Regret And Maximize Happiness.
The concept of early retirement was featured prominently in the mainstream media this week. Elizabeth O’Brien‘s cover story for Money magazine hit the newsstands featuring Vicki Robin of YMOYL fame. A Growing Cult of Millennials Is Obsessed With Early Retirement. This 72-Year-Old Is Their Unlikely Inspiration.
Speaking of mainstream media, things can get a little ugly in the comments when a messy combination of misleading headlines, incomplete information, and plain old jealousy form a maelstrom of contempt. Steve of Think Save Retire has seen it time and time again. The Sticky Mix Between Early Retirement and Mainstream Media.
Spring is Here! It’s really here!
Although we could have left for Honduras six days ago when I finished my most recent weekend call, we decided to stick around for awhile. We didn’t want to miss the start of spring.
We almost did.
With highs in the fifties and sixties, this week there’s a half-decent chance the yard will be free of snow by the time we fly to Tegucigalpa via Miami this coming Friday. I finally feel comfortable running and biking outdoors — I’m not one of those year-round types, although I respect the heck out of them.
Another cool thing that happens in the spring is Tax Freedom Day, the time of the year in which you have paid the year’s taxes and can start working for yourself. Usually occurring at some point in April depending on where you live, I’ll be one of the last to celebrate on Friday, April 27th, coincidentally the day we leave for Central America.
Since I will be away for about 16 days, expect me to be less active in responding to comments and participating in the fatFIRE and Physicians on FIRE Facebook groups, particularly May 5 to 13 when we’ll be serving on the mainland at a medical mission.
I hope spring has sprung for you, too. Before you know it, summer will be well underway. Enjoy these days!
Have an awesome spring week!
-Physician on FIRE