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
Have you decided on a number yet? Will you Retire Before Dad? Determine your Financial Independence Number: Definition and How to Customize.
The FI Heroes joined me and Go Curry Cracker in the million dollar loss club this spring. How quickly did that happen? How did it feel? What changes did they make as a result? They lay it all out there in Poof and One Million Gone.
You won’t recover a million dollars by completing medical surveys, but they are good for beer money — you can easily earn enough to buy the good beers! Medical Surveys that Pay Cash: Earn 1099 Income in Your Spare Time.
I’ll just let Vagabond MD pay for my beers — he does kind of offer to buy the first round the next time we get together as he explains why he’s Sitting on One Million Dollars in Cash.
Vagabond MD is a generous person, after all. Like me, he gives to numerous charitable causes via a donor advised fund. Paula Pant tells us all about the wonderful tax-advantaged giving vehicle at Afford Anything. PSA Thursdays — Your Complete Guide to Donor Advised Funds.
On the opposite end of the greed / giving spectrum are certain unscrupulous insurance agents that are only looking out for numero uno (i.e. not the client). The White Coat Investor describes the 6 Greatest Sins of Insurance Agents.
I know Dr. Dahle still feels the pain of being burned by an agent selling him an inappropriate life insurance policy. Pivot Points MD nearly burned himself out going all in on FIRE. If You Play With FIRE, Don’t Get Burned [Out].
If you choose to FIRE, don’t let your money run out! Dr. Tarang Patel of Doctor Money Matters interviews a physician from Minnesota who transitioned to a career as a CFP and wealth manager. Episode 59. Joel Greenwald, MD CFP — Retirement Withdrawal Strategies.
Your withdrawal strategy will vary depending on what strategy you use to pursue financial independence. What are the 2 main options? MMM #24: The Two Paths to Financial Independence on the Money Meets Medicine podcast.
Here’s an interesting trick if you’re ready to put your kids to work. Dr. Cory S. Fawcett writes a Prescription for Financial Success for Your Kids. How to Fund a Million Dollar Roth IRA for Your Child with Government Money.
If your parents forgot to set you up with a million dollar Roth IRA, you’re going to need a backup plan. The same is true if you leave your law career behind after five years like the Financial Panther did. The Importance Of Having Backup Plans – Taking A Look At My Plan B and Plan C.
Celebrate. Good Times. C’mon!
So much to celebrate this weekend. Juneteenth. The first official day of Summer. My brother’s birthday. My brother-in-law’s birthday. Father’s Day.
And after talking about it for years, we finally bought ourselves a bunkhouse travel trailer yesterday. Good times, indeed!
I pretty much never record myself on video because it just hasn’t been my thing, but I recorded a quick Father’s Day message this weekend and posted it to Facebook. The best part is my wife’s voice in the background — “who are you talking to?” You can view that here.
After months of sad and bad news on many fronts, it’s been nice to have a weekend of celebrations. In fact, it’s been more of a week of celebrations as we celebrated our neighbor’s 4th birthday earlier this week.
I’m also celebrating more than 2 months of doing 100 pushups and situps every day without fail, and we’re a few weeks into half-marathon training. I don’t anticipate having an official one to sign up for, but my wife and a handful of our friends will run our own at the end of the summer.
I hope you have found something worth celebrating during these otherwise challenging times.
Alpha Investing Fund I Closing Soon
If you’ve been interested in passive real estate investing but haven’t wanted to limit yourself to one specific deal, a real estate fund is an excellent way for the accredited investor to invest in numerous deals at a lower cost as compared to investing into each deal individually.
“In Q1 2020, we began accepting subscriptions to Alpha Investing Fund I (“Alpha Fund I”), a private real estate investment fund that will provide Alpha Investors with the opportunity to participate in a diversified portfolio of real estate transactions across multiple asset classes, geographies, and sponsors.
The initial closing occurred on March 2, 2020. Per the PPM, the final closing will occur on July 1, 2020.”
You can Request Access to learn more about the components of the fund and the other investments Alpha Investing has to offer.
Last Chance to See the Invest & Grow Rich Summit for Free!
My talk is one of about 30 that was released last week and made available to the public for 48 hours. Although my talk was taken down Thursday morning, it’s back up this weekend for a final viewing before it goes behind a paywall.
In fact, all of the talks are available for free today. Take advantage and register to view my talk and others while you still can!
A Featured Financial Advisor
For those of you who would rather not DIY, I maintain a short list of recommended financial advisors. Among the good guys and gals who work frequently with physicians, only the lowest cost, fee-only fiduciary advisors were invited to be on this short list. Among them is Aptus FInancial.
Aptus Financial is a principled financial services company, focused solely on what is best for our clients and free of any conflicts of interest. We provide transparent, objective, and non-conflicted advice for a simple, fair hourly rate. Period. We don’t sell stocks or insurance. We don’t have a vested interest in managing your assets. Our highly-credential team provides comprehensive financial advice and sets our clients up for a lifetime of guided DIY financial planning and investing. You can do it yourself, but you don’t have to do it alone.
Comprehensive Financial Plan ($3,000 plus a minimum of 12 months of AptusCare ongoing planning support)
Financial Review for Long-term DIYers ($1,000 plus a minimum of 4 months of AptusCare ongoing planning support)
AptusCare ongoing planning support service ($125 per month)
Initial Interviews (~15 minutes, free)
2 Van Circle, Suite 4
Little Rock, Arkansas 72207
Prospective clients should request to interview us by submitting our contact form.
Final Days to Save $300 on WCICON22 Registration
The White Coat Investor Physician Wellness and Financial Literacy Conference, at which I'll be speaking about retirement withdrawal strategies along with several dozen outstanding orators, is taking place in sunny Phoenix, AZ from February 9th to 12th, 2022. Earn up to 17 CME / Dental CE. All in-person attendees must be fully vaccinated against COVID, and there is a comprehensive virtual / online option, as well. Hope to see you at the talks, happy hours, or online at WCICON22!
You won't see this price again after Tuesday, 10/19, so now's the time to utilize that CME fund if you've got one.Click here for all the details.
Have an outstanding week!
-Physician on FIRE