The Sunday Best (7/8/2018)
The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
Soon, Vanguard will eliminate transaction fees to purchase many hundreds of exchange-traded funds. Not a big deal for fans of the Three Fund Portfolio, but for investors who like to tilt, slice, and dice, this is a welcome move in the industry. From Vanguard, Coming in August: The largest commission-free ETF lineup offered to investors.
Passive Income MD knows passive income. Ms. Montana knows passion income. J.D. Roth of Get Rich Slowly knows both well, and he explains them both in Passive Income vs. Passion Income.
If you’re earning passion income, you can expect to be happy at work. Our European friend at Tracking Happiness has kept insanely detailed records of his happiness and charted how it relates to work, time away, and more in Am I Happy At Work? [Analyzing my entire career from day 0]
Not happy at work? Play with a retirement calculator. Liz, the Chief Mom Officer, sure did. I Slogged Through 26 Different Retirement Calculators – Will What I Learned Surprise You? (#calculatormountain)
Your Money or Your Life. Vicki Robin spells out how a cancer diagnosis led her to redefine how she defines herself. Who are You After Financial Independence?
The Wealthy Doc is financially independent and a reader of Vicki Robins’ YMOYL. He tackles step two of the nine steps to financial freedom in What is Your Actual Hourly Wage? Could it truly be under $50 an hour for a physician for a physician earning $300k per year?
I don’t know The White Coat Investor‘s exact hourly wage when he sits down in front of a computer, but it’s a heck of a lot more than $50 an hour. How did Dr. Jim Dahle arrive at this place?
- The Story of The White Coat Investor Part I
- The Story of The White Coat Investor Part II
- The Story of The White Coat Investor Part III
I Still Work Sometimes
As I write this, I’m on call for the weekend and have been in the hospital for nearly 25 of the last 30 hours. It’s “home call,” meaning I’m only in the hospital when there’s work to be done. Surgery, labor epidurals, and the occasional “outback” procedure like a lumbar puncture in the E.D. I’ve been doing lots of all of it.
In my weeks off, and I have a lot of them, it’s easy to lose track of the fact that I do have a busy job to return to when the traveling and relaxing is over. When I am working, my mind starts to drift to the next adventure whenever I find a little downtime. At the moment, my mind is on Disney. It’s been about 27 years since I spent a week at Disney World, and I’m almost as excited as I was back in 8th or 9th grade.
Give me your best Disney World tips in the comments. We’ll be staying with our grade-school aged boys in a value Disney on-site hotel for a week in September with Park Hopper Plus passes and a free quick service dining package. Ready… go!
Once again, I’d like to feature one of our trusted resources in the disability and term life insurance game. Allow me to introduce you to Scott Nelson Archer and his agency:
MD Financial Services
MD Financial Services Scott Nelson-Archer, and his team have 25+ years of experience helping thousands of physicians around the country protect their future with disability income insurance and low-cost life insurance. We offer “True Own Specialty” disability contracts that pay 100% when you are unable to perform the duties of your specialty. Designing the right policy for each Individual Physician with a Fixed or Laddered Term Life strategy can help can protect your family the right way and save you thousands in premiums over the years. Our 25+ years of experience working with Physicians around the country cannot be matched!
Have a marvelous week!
-Physician on FIRE