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!

 

 

The Sunday Best

 

Last week’s Sunday Best featured only Black content creators, and I am not one, so I chose not to share the articles I published that week. I plan on making up for that today, so if you’re a very regular reader, you may see a few more familiar articles than usual.

 

Fritz left the workforce more than a year before I did. At The Retirement Manifesto, he reflects on his freedom. What I’ve Learned From Two Years of Retirement.

 

What does it take to retire early? How close are you to FI yourself? These questions and more than a dozen others are answered in this FIRE FAQ: Frequently Asked Questions About Financial Independence & Retiring Early.

 

Many people discover Dave Ramsey before they learn about FIRE. Although the strategies differ, can they be complementary? How to FIRE explains How to Use the Dave Ramsey Baby Steps as a Gateway to FIRE.

 

 

What’s Your Why of FI? The Millers on FIRE are striving for something bigger than themselves. Generational Wealth: My reason for Financial Independence.

 

How much Social Security would you qualify for if you were to retire tomorrow? Have you reached that all-important second bend point? Plug your numbers in and find out! Social Security & Early Retirement 2020: Know Your Bend Points!

 

She’s a doctor now, but she knows what it’s like to live on much less. From You Be Three, Minimum wage to doctor’s salary: what I’ve learned about the value of money.

 

Dr. Bonnie Koo asks a trio of other women physicians what they’ve learned about money in her ongoing series at Wealthy Mom MD.

• Interviews with Women Physicians — Millennial Doctor
• Interviews with Women Physicians — Katrina
• Interviews with Women Physicians — Harriett

 

Some doctors mentor students and trainees because they love to teach, but it can also lead to recognition and compensation. Chase DiMarco of FreeMedEd shows us the potential tax benefits and other tangible and intangible positives. Clinical Preceptorship: A Viable Physician Side Hustle?

 

It’s great to love what you do, but don’t think for a second that it’s a viable excuse for not making progress towards FI, says PF Geeks. Love Your Job? Why You Should Still Pursue Financial Independence.

 

Fear contributed to a 6% drop in stocks on Thursday this last week. Some got “greedy” and bought the dip, leading to a partial recovery on Friday. The Debt Free Dr. looks at Warren Buffett’s metric in Is the Fear and Greed Index Legit?

 

Is it greedy to want to earn money while you sleep? Maybe, maybe not, but it may not be realistic, at least not in the way it’s often portrayed. The Banker on FIRE has grown tired of The Illusion of Passive Income.

 

At least Passive Income MD is honest about what passive income is (and isn’t). He tells us how he’s improved his success rate when it comes to meeting his life goals. How To Set SMART Goals and Make Them Stick.

 

I’ve converted some of my actively earned income into a passive income stream by Investing with Alpha Investing. They’ve launched the real wealth real health podcast with some topics that you’ll find intriguing.

• Achieving Financial Independence and Avoiding Lifestyle Creep
• Embracing Risk and Taking Advantage of Opportunity to Achieve Financial Freedom
• Four Ways Investors Can Protect Themselves in Real Estate Crowdfunding

 

 

Send Your Kids to Virtual Money Camp!

 

Normally, sending your kids to summer camp means spending a lot of money and sending them away for a day at a time if not an entire week. They might come back with new friends, a summer crush, or a bad case of poison ivy.

This camp is nothing like that, but what it does offer is an education in personal finance for kids in grades 3 through 8.

It’s offered by the Federal Reserve Bank of St. Louis and promises to teach elementary and middle school students essential personal finance concepts. Best of all, the virtual camp appears to be free!

Get all the details on this Personal Finance Virtual Summer Camp 2020.

 

Send Yourself to Virtual Money Camp!

 

Maybe virtual money camp is not the best way to describe The Invest & Grow Rich Summit, but it is free to enroll, lasts one week (starts tomorrow!), and is designed to help you better manage and make money.

I am a featured interviewee (my talk is this Tuesday, 6/16), and a number of my friends including Chris Mamula of Can I Retire Yet, Scott Trench (CEO of Bigger Pockets), and Cody Berman of The FI Show make appearances.

You can see the full lineup and schedule of the 30 speakers and register for the free event here.

The organizers have also put together a Playbook describing The Top Financial Strategies to Deploy During an Economic Downturn, and you can download that here.

 

 

Last Call for SemiRetired MD’s Zero to Freedom Through Cashflowing Rentals

 

The popular and potentially life-changing 8-week hands-on course is offered twice a year by Dr. Kenji Asakura and Dr. Leti Alto. The window for enrolling in this summer’s session closes tonight!

If you choose to enroll, Kenji and Leti guarantee that you’ll make more progress in real estate investing in the first 3 weeks of the course than you have in the past year or they’ll give you your money back. For a peek at past students’ results and more details on the course content, check them out here.

Enroll via our referral link to support the charitable mission of Physician on FIRE.

 

 

Note: This course is eligible for 5 credits of CME, so you may be able to use your CME fund or deduct the tuition as a business expense.

 

 

 

Have an outstanding week!

-Physician on FIRE