The Sunday Best (4/4/2021)

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!

 

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“A Nation Which Forgets Its Past Has No Future,” utters Mr. Money Mustache. His take on the current state of affairs and what to do about it: Beware of the Bubble.

 

We are now in year 13 of me owning no Bitcoin and looking foolish while crypto-millionaires become crypto-multimillionaires. A short essay from Morgan Housel with Collaborative Fund referencing Ho Chi Minh and the Great Plague. When Everyone’s a Genius (A Few Thoughts on Speculation).

 

When investing outside of your usual channels, you may fall prey to scammers counting on your naiveté. XRAYVSN learns this lesson the hard way. Again. Oops. I Did It Again. The Latest Scam I Fell Victim To.

 

Stating that earning $400k a year can make you middle class sounds like the setup for some kind of scam, right? Done by Forty probes this preposterous claim with hard data. Is $400k Middle Class? Income Quintiles: 2021 Update.

 

With that kind of income, you can afford a few luxuries. Jesse from Best Interest and his pal Dror think your luxury spending should be based not on your income, but on a different metric. The 1% Rule for Spending on Luxury: How to Live it Up and Still Achieve FIRE.

 

Can too much luxury be a good thing? The Darwinian Doctor, a surgeon in SoCal, seems to think so, and he wants his sons to understand that. The world isn’t all sunshine and palm trees | Letters to my sons.

 

Retirement spending isn’t all sunshine and palm trees, either. The 4% Rule (of thumb) may be a good guide to how much you should save, but it’s not indicative of what you’ll actually be withdrawing in retirement, says the FI Physician. Using the Safe Withdrawal Rule in the Real World: Two Ideas for Withdrawal Plans in Retirement.

 

Four Pillar Freedom‘s schedule isn’t exactly retirement, and it’s not the coveted 4 Hour Workweek, but most will be jealous. How he manages to build his businesses with The 5 Hour Workday.

 

It would make you happy to work less, wouldn’t it? But do you truly know what’s most likely to bring you happiness? Study what actually works for people. Come On, Get Happy: Lessons from the World Happiness Report.

 

Perhaps you once thought you’d be happier if only you were ______ or had ______. Amy from Break the Twitch has been there, too. How Aspirational Clutter Holds You Back and what to do about it.

 

Minimalism and frugality can be at odds, but they mesh beautifully in the mind of the Escape Artist. He says Not Wanting Something is as Good as Having It. In some ways, it’s much better.

 

Along those lines, bigger isn’t always better when it comes to real estate. His cousins grew up in a 10,000 square foot home while his Filipino home / house hack was more modest. The Millionaire Before 50 explains Why You Probably Don’t Want to Live in a Mansion, even if you think you do.

 

ESI Money‘s series has come a long way since I filled out Millionaire Interview #5. Learn how these 5 wealthy interviewees invest, spend, and attained their millionaire status.

 

Don’t lose your millionaire status to a frivolous lawsuit. Passive Income MD shares 4 Great Ways to Protect Your Real Estate Assets.

 

Learn how to better manage your student loan debt, and explore refinancing to a lower rate with cash back offers up to $750! Student Loan Resource Page

 

Happy Easter!

 

Whether you’re working, enjoying a long weekend, celebrating safely with family, or it’s just another Sunday to you, I hope you do get to enjoy some kind of egg-shaped sugar or chocolate creation.

I’m partial to the traditional Cadbury Egg with creme filling, but I’ll never turn down a Reese’s egg, Whopper egg, or simple brightly colored jelly bean — you can keep the black licorice ones, though, bunny. Such a cruel intrusion in my otherwise delicious childhood Easter baskets.

We’re celebrating the Florida way with another trip to the Volcano Bay waterpark after an Easter Egg hunt in the complex where we’re staying.

Tomorrow’s our last full day in the Sunshine State before heading back to our [extra]ordinary life up north. I hear things have thawed out nicely.

 

Get Some Real Estate Assets

 

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Many of their students have invested in their first property by the time they’ve completed the educational modules. Learn from 2 physicians who now make a living from real estate and hundreds of others in a supportive forum as part of Zero to Freedom with Cashflowing Real Estate.

You’ll have a couple of weeks to decide if you want to complete the course, and if you change your mind, you’ll get a full refund. Stay in, and I’ll reimburse you for any of Coach Carson’s Grad Level courses that go for up to $199.

The course from Drs. Letizia Alto and Kenji Asakura opens for enrollment twice per year and today is the final day to become a member of the spring class.

 

All About Zero to Freedom

 

DrStoner
shout out to my good friend dr. stoner & family, our excellent hosts for the afternoon and many a previous visit to Orlando!

 

 



 

Have an outstanding week!

-Physician on FIRE

 

6 thoughts on “The Sunday Best (4/4/2021)”

  1. Subscribe to get more great content like this, an awesome spreadsheet, and more!
  2. Woke up this morning pleasantly surprised to see lots of hits coming from your site. Thanks for sharing, POF!
    BTW, in case you don’t remember, I was the one who awkwardly ambushed you with a selfie at Fincon 2019.

    Reply
  3. Great Sunday Best As Always POF! I particularly like the post “Why You Probably Don’t Want To Live In A Mansion”, because the author was dead-on.

    I have a few friends that live in that level of real estate, and a mansion always strikes me as a burden. Not an asset. Everything costs more, the properties take longer to sell (usually), property taxes are insane, you need a small army of house cleaners, and probably worst of all is trying to remember what room you left your car keys in.

    Definitely a first world problem, but still a problem!

    Reply

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