The Sunday Best (7/11/2021)

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_2021

 

 

I was humbled to be invited as a guest on Morningstar’s Long View Podcast with Christine Benz & Jeff Ptak. I may have given 3-star answers to 5-star questions, but there’s likely a pearl or two in there for you. Leif Dahleen: Finding Financial Independence.

 

On the Money Meets Medicine Podcast, Dr. Jimmy Turner and Ryan Inman discuss a dilemma that has no easy answer. MMM 77: Should Physicians Save for Retirement or Help Their Family?

 

There are all sorts of models for physician compensation, and the Prudent Plastic Surgeon discusses the pros and cons of a bunch of them. Doctors, How Do You Want To Make Your Money?

 

If you’d like to make money not from work but from leveraged home ownership and rental properties in a particular real estate market, Republic has a passive option for you. Introducing Cityfunds: Index-Type Investing for Residential Real Estate.

 

Real estate funds typically pass through tax advantages to investors. There are plenty of other low and no tax investment opportunities, says The Young and the Invested.
How to Grow Passive Income & Pay Little-to-No Tax Forever.

 

One of the best wealth-creators out there is something every single one of us has. Time. From We Want Guac (who doesn’t?), The Magic of Compound Interest, Revealed!

 

Money can buy many things, but what about happiness? Giving What We Can studies the latest information on the relationship between the two, concluding “Money can buy happiness, but you might be surprised at how little it buys.” Can Money Buy Happiness? A Review of New Data.

 

Can working a bit less make you a happier, more productive person? That just might be the case according to Rich Haridy of New Atlas. Iceland’s short work week trial declared an “overwhelming success.”

 

Parenting is work, too, but I’d never suggest one should do less of it. Dr. Sara Hart-Unger at The SHU Box recognizes the challenges of parenting and the realization that you can have anything (within reason) but you can’t have all the things. Tradeoffs + Parenting is Hard.

 

If these prices keep rising, the Afford Anything blog will be renamed Afford Maybe a Couple of Things. The White Coat Investor gives us an insightful look into how inflation is calculated, what inflation we’re actually experiencing, and how we can protect our portfolios against rampant inflation. What You Need to Know About Inflation.

 

Inflation does increase the monthly benefit (a.k.a. PIA) given to Social Security recipients, along with increasing decades of index factors that determine your AIME. If you don’t know what I’m talking about, you need to read Social Security & Early Retirement 2021: Know Your Bend Points!

 

Next week, my family and I return to sunny muggy Florida where we’ll put our annual passes to Universal Orlando to good use. We’re not the only FI folk who are taking advantage of theme park annual passes. The FI Heroes spent their first year of freedom living The Disney FIRE Lifestyle.

 

Does that sound like something you’d like to do someday? The Physician Philosopher reminds us not to wish our life away. Do You Suffer from Someday Syndrome? I know I did.

 

FREE Stuff

 

In an effort to get this blog and its message in front of more people, we’re doing our first big Giveaway in the form of a sweepstakes. The more you do to help spread the word, the more entries you’ll receive. Hers what we’re giving away to one lucky winner:

 

You can start earning entries now, and the prized will be awarded next month!

 

 

Incrowd_surveys

Answer quick MicroSurveys for cash. Designed with convenience and timeliness in mind, 70% of surveys are answered on a mobile device in just a few minutes.

Physicians, Pharmacists, and other healthcare professionals are invited to join Incrowd today!

 

On the Road Again

 

For the 2nd time in 8 months, I find myself in Asheville, NC, a picturesque city full of history in the mountains of western North Carolina.

I’m here for DLP’s Prosperity event, a conference that has easily exceeded my expectations. I’ll have more to tell you after the show is over, I promise.

It seems that every time I leave home, my laptop craps out on me. 3 keys on the keyboard refused to work when I fired it up late Wednesday evening, so I’ve remapped the F5 key to C, the squiggle to the left of 1 to be my Y, and the forward slash is now my Backspace.

It’s probably time for a new computer, but I’ve still got my sorta-trusy old laptop and it’s now packed to meet up with me in Chicago tomorrow. I had to hit F5 twice to type the name of that city, and 3 more times to finish this sentence.

 

DISCOUNTED Stuff

 

Tomorrow’s the final day of the summer sale on The White Coat Investor’s Catalog of Courses with promo code WCIJULY10. He’ll take 10% off and give you the shirt off his back. Or better yet, a brand new shirt from the new WCI Store.

You can earn up to 35 CME among 3 different courses.

 

Enter code WCIJULY10 when you check out for the discount and free shirt. Other non-CME courses are also available.

 

 

 

 

A Recommended Financial Advisor

 

For those of you who would rather not DIY, I maintain a 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 Wealthkeel.

 

WealthKeel

WealthKeel Financial Advisors Application

 

Chad Chubb is a CFP and fiduciary for physicians, dentists, and their families across the United States. He founded WealthKeel LLC to simplify and organize the financial lives of medical professionals by custom-crafting financial plans centered around their goals and values.

WealthKeel crafts simple, actionable financial plans for busy doctors and dentists, like you, who feel overwhelmed by the increasing complexity of the decisions you have to make with your money so you can free up time and energy to focus on your family, your work, and what you love most. Services include financial planning, investment management, and student loan management.

Fees:

One-Time Plan Creation Fee:

  • Delegators (Plan Creation + Ongoing Financial Planning and Investment Management): $1,500
  • Do-It-Yourselfers (Plan Creation Only): $3,000

Ongoing Flat-Fee Financial Planning & Investment Management:

  • Residents & Fellows: $300 per month
  • Attendings: $400 to $1,200 per month

Diagram for WealthKeel’s Flat-Fee Structure. No AUM fees.

Contact Info:

111 South Independence Mall East, Suite 500,
Philadelphia, PA 19106
267-590-9533
chadchubb@wealthkeel.com

Visit WealthKeel

 

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Have an outstanding week!

-Physician on FIRE

 

8 thoughts on “The Sunday Best (7/11/2021)”

  1. Subscribe to get more great content like this, an awesome spreadsheet, and more!
  2. Thanks so much for the link. Random aside, I LOVE Asheville. The restaurants are amazing and the mountains are beautiful. I need to go back!

    Reply
  3. Actually…I’d call your responses to the fairly tough Morningstar interview questions wholly 5 star: thoughtful, sincere, and helpful to many listeners/readers. Thank you for taking the time to participate and make it available to your and M* readers!

    Reply

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