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
I had a pleasant chat with Corey and Rachelle of the Finity Group on their Financial Clarity for Doctors podcast. We talked about our semi-retired lifestyle, the travel we were doing until recently, charitable giving and more in On FIRE with Physician on FIRE.
- Bonus: WCI member The Physician Philosopher’s episode: Avoiding Burnout with The Physician Philosopher
A belated Happy Birthday to my friend J.D. Roth of Get Rich Slowly. To commemorate the day, he shares many tips on living a richer life and being a better human. My Life Philosophy: 51 Lessons from 51 Years.
The Loonie Doctor has been working double-time in a hospital north of the border, but he took the time to detail the lessons he’s learned about his finances during this pandemic. Building Financial Immunity.
You can make yourself financially immune from an illness or injury taking away your ability to earn an income. Why You Should Insure Your Income Before Finishing Residency If you’re already beyond residency (or fellowship), it’s not too late, though.
Graduating residents and fellows may be house hunting, which is not easy to do these days. If you’re in the market for a mortgage, look to our recommended mortgage lenders. If you’d like to learn the specifics of physician mortgages, Wealthkeel has you covered. The Physician Mortgage.
- Fun Fact: I’ve taken out two physician mortgages.
The Physician Philosopher has read a book that can also help you build financial immunity, and it was written by Ryan Inman of Financial Residency, his co-host on the Money Meets Medicine podcast. Ryan’s co-author? His wife Taylor, a pulmonologist. The Financial Residency Book – A Review.
Has the pandemic burned the FIRE movement? Nah, says Scott Trench of Bigger Pockets. I couldn’t agree more. Sorry, Naysayers. Coronavirus Is NOT the End of the FIRE Movement—It’s Exactly What We Planned For!
Every asset class has been impacted by the pandemic. and real estate is no exception. A Real Estate Transaction Gone Wrong – Lessons Learned During A COVID Rental Transaction.
What kind of returns can you expect from rental properties? According to Joe from Play Louder, somewhere in the range of 6% to 36% depending on the property. Is Turnkey Real Estate Investing Worth Your Money? A “No-Gimmes” Accounting of 8 Properties in 3 US Markets.
Where does one find turnkey rental properties? Roofstock has many listings, some of which come very close to meeting the 1% Rule. What is that, you ask? Passive Income MD is here to tell us. The 1% Rule for Evaluating Rental Properties.
April was better than expected for those collecting rent from individuals, but retail rent payment was downright abysmal. What does that mean for the future? Representatives from Crowdstreet and The Wall Street Journal got together to discuss. Finding Real Estate Investment Opportunities in a Post-COVID-19 Economy.
Is your school district distributing daily food rations for kids? Ours is, but I thought we should be the last people to take advantage. Leave it for the families who truly need help right now. It turns out I was wrong, and I haven’t seen so many 8-oz. paper milk cartons since I was in grade school myself. The Twin Cities Frugal Mom changed set me straight. 5 Reasons to Pick Up the Free Food from Your Child’s School District. Note: All 5 reasons may not apply in your district — if you’re unsure, ask!
I brushed the dust off the eBike this week. About a year and a half ago, I wrote a post describing my first year as an e-biker. One Year of Commuting With a Modified Electrified Fortified Bike.
I don’t miss commuting to work at 0545 in the dark of the early morn’, but I have been missing the almost effortless ease of getting around on my black beauty. It feels like you’re coasting downhill when you’re actually climbing a slope and pulling a trailer.
Last week, I picked up to-go beers from our local craft brewery via e-bike. I fit 28 cans of hopped-up goodness in the pannier bags. The other day, after a quick ride around the block, I went to grab our family Walmart Grocery pickup order (get $10 off your first pickup) with the bike and a Schwinn bike trailer.
I shared a shot of this odd look on my Instagram feed.
The two-mile ride there was a breeze. Then I headed for home.
Rounding the corner coming out of the parking lot onto an empty sidewalk, the bike cleared just fine, but the trailer wheel caught the edge of the curb. I was moving at a pretty good clip, and you can guess what happened.
I sort of propped up the bike so I could gather the scattered groceries from the sidewalk and boulevard. By the time I had everything back in the trailer, fortunately without casualties, the bike decided it was its turn to make a crash landing.
It survived, too, but not unscathed. The jarring landing apparently affected the battery connection because the power kept dropping out every few seconds until it quit completely. After a sloooooow quad workout / ride home, I was able to diagnose and remedy the issue by bending the contacts on the battery itself and stripping off some plastic that had adhered to the contacts on the battery connector.
Later that day, I took the rig out on a slightly longer round-trip to pick up the school-supplied food for the weekend. Like I said above, I didn’t think we’d be doing so, but apparently, the food is tossed if not picked up, and using the program helps the school maintain its funding for next year. So now we’re drowning in applesauce cups and baby carrots, but I can think of worse problems to have.
A Featured Insurance Agent:
Pattern provides simplified tools and training to protect doctors finances, families and futures.
We do this primarily in two ways:
With disability and life insurance – We quote and compare the own-occupation providers that work well for doctors.
Expert educational webinars and seminars – We partner with experts in taxes, job search, legal issues, and debt… to provide valuable honest content for residents, fellows, and early career physicians. We want to help doctors eliminate confusion, defeat misinformation and guide them in the next steps to take financially.
Start receiving paid survey opportunities in your area of expertise to your email inbox by joining the Curizon community of Physicians and Healthcare Professionals.
Use our link to Join and you'll also be entered into a drawing for an additional $250 to be awarded to one new registrant referred by Physician on FIRE this month.
Have an outstanding week!
-Physician on FIRE