The Sunday Best (6/17/2018)

The Sunday Best is a collection of articles I’ve curated for your reading pleasure.

Expect most of the writing to be from recent weeks and consistent with the themes presented on this website: investing & taxes, financial independence, early retirement, and physician issues.

 

Presenting, this week’s Sunday Best:

 

My eleventh podcast interview was published the other day. I had the distinct honor of being the first person with a Y chromosome to be a featured guest on Dr. Carrie Reynolds’ Hippocratic Hustle. Breaking Down Finances and F.I.R.E. with Physician on FIRE.

 

I am privileged, and so are you, as you will learn in this next post. Anthony Bourdain, medical mission work, apartheid and more are weaved into this excellent piece from Waffles on Wednesday. Privilege and Perspective.

 

This is primarily a personal finance site, as is Get Rich Slowly, but what good is money if you’re not able to enjoy life? J.D. Roth discusses his current battle with depression in The Death of Anthony Bourdain: Thoughts on Productivity, Pleasure, and Depression.

 

Should you be worth twice your salary by age 35? Pretty tough for a doctor to do. The Chief Mom Officer concurs. By Age 35, You Should Know Comparison Is The Thief Of Joy.

 

Even early retirement can steal your happiness. It’s true. John from ESI Money visits Budgets are Sexy to discuss 10 Downsides to Early Retirement and how he addresses them.

 

The Leisure Freak also shares thoughts on the risks of early retirement and how to mitigate them in Just When You Thought It Was Safe To Retire Early.

 

ESI Money has learned a few things from a bunch of fellow millionaires, some of whom are retired, and some that are not. Here’s five of them.

• Millionaire Interview #56
• Millionaire Interview #57
• Millionaire Interview #58
• Millionaire Interview #59
• Millionaire Interview #60

 

I think I like the title hidden in this URL more than the post itself. I Can’t Take Much More of this Shift” must have been Crispy Doc‘s alternate headline for the Docs Who Cut Back Early (and lived to blog about it). That last part was my addition.

 

Passive Income MD has begun to cut back. Maybe he’ll find time to improve some of his money management skills. 7 Money Matters I’m Horrible with and How I Deal with Them.

 

Let’s end this roundup on a positive note, shall we? From ChooseFI, the Top Five Lessons from Women on FIRE.

 

Frugal Fun

 

Every Friday, I ask the doctors in my Physicians on FIRE Facebook group for a frugal win. In the fatFIRE group, I ask everyone for one non-frugal thing they’ve recently done.

Not surprisingly, I tend to get more comments on the second question. People like to talk about their conquests, and those usually involve spending some cash.

Personally, I like talking about the deals I got rather than the bucks I blew, but I usually end up doing a little of both.

For example, I’m in “the cities” — that’s what outstate people call Minneapolis and St. Paul — for a wedding this weekend. An old college friend. Well, he’s not that old, but I guess we’re all pretty old for a first wedding. But that’s not the point.

I got a great deal on a room. I was all set to use some credit card reward points to score a freebie,  but Hotwire hooked me up with the Westin for about $80 a night. I found parking for the whole weekend for $6. Frugal wins!

Last night, after the rehearsal dinner, we went out for drinks. $16 drinks, in fact. I stuck with the $9 beers. But it’s all good. The money I saved on the places to park my body and car more than paid for the upscale beverages in the swanky joint.

On The White Coat Investor forum, there’s a question about the most frugal thing you’ve done recently. It’s now seven pages long, and I’ve got more than one entry referring to the free tacos I enjoyed four days ago. Because I love free. And tacos.

What’s the most frugal thing you’ve done lately?

 

Once again, I’d like to feature one of our trusted resources in the disability and term life insurance game. Without further ado…

Dr Disability Quotes

DrDisabilityQuotes.com Bob Bhayani, MBA is managing partner for a truly independent provider of disability insurance planning solutions to the medical community nationwide. Bob lectures at hospitals and faculties regarding creation of income protection and risk management solutions. Bob specializes in working with residents and fellows to set up sound financial and insurance strategies. Bob leverages his decades worth of relationships with top insurance companies to deliver discounts to all eligible applicants. DrDisabilityQuotes .com is an interactive website where physicians are able to gain a wealth of knowledge regarding disability insurance and run instant life insurance comparison quotes from various companies. Dr Disability Quotes Application

Have a marvelous week!

-Physician on FIRE