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!
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?
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.
- Bonus: Run scenarios with my Compound Interest Calculator.
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.
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:
- a $500 Amazon gift card
- a 6-month subscription to the Craft Beer of the Month Club
- Enrollment in WCI’s Fire Your Financial Advisor Course
You can start earning entries now, and the prized will be awarded next month!
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.
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.
- 2021 Continuing Financial Education Course (17 CME credits)
- Financial Wellness and Burnout Prevention Course (8 CME credits)
- 2020 Continuing Financial Education Course (10 CME credits)
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.
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.
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.
111 South Independence Mall East, Suite 500,
Philadelphia, PA 19106
The Chase Sapphire Preferred is an excellent first (or only) rewards card. $50 annual hotel credit for bookings via the Chase UR tavel portal & 5x points for all travel via the portal. 3x points on dining, 2x on other travel. Flexible rewards good for cash, travel, or transfer to travel partners, great travel protection & new Peloton, Lyft & DoorDash perks! $95 Annual Fee
The Chase Sapphire Reserve offers great travel perks including Priority Pass lounge access, a credit for Global Entry or TSA Pre✓ and a $300 annual travel credit. When using Chase Ultimate Rewards travel portal, get 10x points on hotels and car rental & 5x points on flights. 3x points on other travel & dining. Elevated Peloton, Lyft and DoorDash benefits. $550 Annual Fee
Have an outstanding week!
-Physician on FIRE