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The Sunday Best (6/30/2019)

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

 

Oh, that’s rich. The Physician Philosopher wants you to become wealthy via targeted frugality. You know, he may be on to something. How to Get Rich: Curbing Spending on the Big Five.

 

It worked for Steve from Think Save Retire. Can it work for everyone, including those who have certain disadvantages? Is Financial Independence Even Possible for Me?

 

Steve asks you to focus on the possibilities, not the impediments. Does a victim mentality hold some people back? Lawyer Matt Lane of Optimize Your Life explores this concept in a response of sorts to posts like the one above. Victim Mentality and the Personal Finance Community.

 

The careers we had in mind don’t always line up with reality. The same can be true of the retirement we envision. On The Humble Dollar, retired pilot Dennis Friedman highlights 10 different ways in which his retirement has been Not as Advertised.

 

The Doctors Krygowski aren’t waiting for retirement to start living the life of their dreams. From B.C. Krygowski, Why We Moved Our Family to Medellín, Colombia for the Summer.

 

Mr. Hobo Millionaire makes more than most doctors I know. And he works 90% less than a lot of us, too. How he got to a place where he thrives working The 7-Hour Workweek.

 

The athletic author behind Sport of Money would probably tell Mr. HM to stop acting like a hobo and start spending a little. Or a lot. Ponder this paradox: Lifestyle Inflation Myth: Lifestyle Inflation Encourages Savings, Not Spending.

 

ESI Money has gleaned more information from his growing interview series.

 

I wonder how many of those millionaires had side hustles? I’ll bet some of the 135 had a side hustle turn into their main hustle and a lucrative business. The Debt Free Dr. compiled a list of 17 Side Hustle Ideas for Busy Medical Professionals.

 

I’m a hustler baby; I just want you to know. So is Dr. David Beran, and he has tried a bunch of hustles. In a guest post at The White Coat Investor, he discusses the pay, pros, and cons based on his experience in these 7 Physician Side Hustles.

 

Are you sensing a theme here? Let’s roll with it, baby. Yesterday’s Saturday Selection from Passive Income MD explored a familiar topic. How to Find Your Side Hustle.

 

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Not everyone wants to hustle. It’s nice to make passive income from investments while not losing your shirt. Managing Risk With Fixed Income: How to Buy Zero Coupon Bonds.

 

A penny saved is a penny earned (or closer to two pennies when you factor in taxes!). You can learn to curb your spending when you track your expenses, but it’s kind of a pain in the butt. The Top 5 Reasons Tracking Spending is Problematic.

 

 

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When you have a sound investment plan, the proper insurance in place, and basic asset protection and estate planning covered, your money can work for you. It doesn’t get much more passive than that!

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Have an outstanding week!

-Physician on FIRE

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3 thoughts on “The Sunday Best (6/30/2019)”

  1. Subscribe to get more great content like this, an awesome spreadsheet, and more!
  2. Wow, lots of courses in this Sunday Best PoF. Seems like everyone has a course these days.

    Here’s a side-hustle idea — Someone should put together an unbiased website just to review them all. Hmm… that could get kinda costly though. I don’t have nearly enough pageviews to make that side-hustle work! 😉

    Anyway, great Sunday Best as usual!

    Reply
  3. Thanks for including us during our wild, crazy, adventurous summer we’re spending in Latin America! And I found your blog about Tracking spending interesting. We track our monthly spending-but I’ve gotten the (manual) process down to the point it only takes about an hour to enter all the data by hand into a spreadsheet. We find it enlightening to know where the cash is going to-and not going to.

    Reply

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