The Sunday Best (8/16/2020)

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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

 

Furthering their mission to give back, TicTocLife has launched a donor-advised fund (DAF), funded with FIRE, where  readers choose the grant recipients. Reader’s Choice Donor-Advised Fund Launch and Blog Update.

 

Jeremy and Winnie of Go Curry Cracker have enjoyed seeing the taxman leaveth in retirement. Those pesky dividends threaten to get in the way, though. Fewer Dividends, Please.

 

“All Day” Adrian Peterson will take those dividends all day, or any money he can get his hands on. The Physician Philosopher tells us what we can all learn from his financial struggles. Adrian Peterson’s Money Problems: 5 Lessons.

 

Many NFL players have decided that the stress on their bodies and brains is too much to take, despite the potential for 7-figure incomes. Women Who Money address the “Should I Stay or Should I Go” question in Should I Quit My Job If It Stresses Me Out?

 

Mrs. Dragon on FIRE quit her job 3 years ago, and Mr. Dragon joined her last year. How life is treating them and a cancer update. My Third Year in Early Retirement.

 

Late to the game of FIRE? While counterintuitive, there can actually be some advantages to discovering financial independence later in life. The FIREwalkers discuss The Advantages of Later2FIRE: How a Late Start Provides a Head Start.

 

People who do get a late start often undergo major lifestyle changes when it comes to their finances. Late Starter FIRE is attempting to make the transition from spender to saver. Reforming a Spender – a Work in Progress.

 

Ether to FI got what many youngsters would consider a late start, beginning his anesthesia career at age 31. A mere 3 years later, he and his wife can almost call themselves millionaires. Ether to FI: Time Waits for No One & a Net Worth Update

 

How did they do it? Two incomes and a healthy dose of fiscal responsibility. What does that look like on an individual household level? Lucas Woodley with The Finance Twins explains Everything You Need To Be Fiscally Responsible.

 

A fiscally responsible high school student will apply for numerous scholarships for which they qualify; there are more than you might think! From Jocelyn at The Scholarship System, How to Find College Scholarships to Help Your Child Graduate Debt-Free.

 

Do you attract money? Or are you one who repels it? The Escape Artist describes the traits to help you be the former. How to Get Money to Stick to Your Fingers.

 

Mr. 1500 Days invested heavily in technology companies like Facebook, Tesla, and Amazon back in 2012. It’s tough to say if he was lucky or good, but either way, his family’s net worth crossed another big milestone. Juggernauts, Jargonauts, And Jabberwock -or- How I Got Rich With Big Tech.

 

Growth stocks have been outstanding investments as of late, but they’re just one of a number of assets that belong in the Risk / Growth Bucket. Passive Income MD shares what he holds in his.
Asset Allocation (Part 2): The Risk / Growth Bucket.

 

Last but not least, another batch of excellent millionaire interviews from ESI Money.

 

I've got my 2 acres of non-leveraged, crop-producing, cashflowing farmland via AcreTrader. Get yours.

 

Oshkosh, B’Gosh!

 

I find myself unexpectedly waking up in some old stomping grounds this morning. My family and I decided to take the long way home from Minnesota, stopping for a day and night in Oshkosh, Wisconsin.

My very first long-term locum tenens assignment was 25 consecutive weeks here near the Fox River Valley and Lake Winnebago. It’s a great area, and there was a time mid-career that I thought I might come back for a permanent job, but that never panned out.

Although we were only here for 5 months some 14 years ago, we made some great friends, two of whom would later give us three Godchildren, and we saw them all this weekend for the first time in years.

The impetus of this stopover was, of all things, a cornhole tournament that we were invited to via a Facebook event. Our Godchildren’s Uncle Steve is the head wrestling coach at a local high school and he’s put together this annual event for the past few years. I dismissed it when I first saw the notification, but the timing ended up working out perfectly, so we made a surprise appearance.

We didn’t arrive in time to officially enter, but I got to fill in as a substitute in the double losers bracket. That is, a playoff between 8 teams who were out of the double elimination bracket completely who decided to have a 3-round tourney to determine the best of the worst of the worst.

I’m happy and quite proud to report that I’m officially undefeated at 3-0 all-time at the Lourdes Academy Wrestling Toss Off Cornhole Tournament. I may officially retire from the sport, much like I did with obstacle course racing after doing a Tough Mudder with the same friend and wrestling coach that put this tournament together.

We ended the day with a few hours at the hotel pool with our friends and their kids. There was enough chlorine in that pool to kill off all the coronavirus in Winnebago County, and my skin and eyes are not happy about it. It was worth it, though.

I’ve had some good times here in Oshkosh (b’gosh), and it’s good to be back, if only for a day.

 

debt free degree
As mentioned above. It’s FREE and it starts tomorrow! Sign up if you’ll have a college-bound student in the next few years.

 

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 Tyler Olson of Olson Consulting.

 

Olson Consulting

Olson Consulting Financial Advisors Vetting Application

 

Olson Consulting is an Advice-Only firm, built to help physicians effectively manage their relationship with money and make wise financial decisions. Tyler Olson, a Fiduciary and Enrolled Agent, has over 15 years of experience, and he always puts the needs and interests of his clients first. The advice Tyler provides is free of bias toward any product or investment strategy. You and your family will receive the best possible budgeting, investment, and tax advice for a flat fee. For physicians that run or want to run their own practice, start-up and ongoing business advice is also included. Schedule a free consult today!

Fees:

Subscriptions from $150.00 per month. Includes Annual Reviews, unlimited meetings, and unlimited investment advice on any account. No initial fee. Pay as you go. Cancel anytime.

Contact Info:
St. Joseph, MI
(269) 876-0824
[email protected]

Visit Olson Consulting

 

WCI-Courses-Sale-10-percent-270

WCI is having a sale on all courses with a free bonus course included with your paid tuition this week!

In honor of Financial Literacy Week, if you buy either the Fire Your Financial Advisor or the 2020 Continuing Financial Education course, you will not only receive 10% off, but also receive the Physician Wellness and Financial Literacy Conference - Park City course for free.


 

Have an outstanding week!

-Physician on FIRE

 

5 thoughts on “The Sunday Best (8/16/2020)”

  1. Thanks again, not only for the mention but for loads of guidance with setting up the donor-advised fund, PoF!

    Let’s hope we can help readers give back, with our without a DAF, through the fortunes we’ve been able to build on the back of FIRE.

    Reply
  2. Subscribe to get more great content like this, an awesome spreadsheet, and more!
  3. Thanks so much for including my post! It really means so much! We’ve really appreciated your support and encouragement all these years. Lots of great posts here to read through! Cheers!

    Reply
  4. What a surprise to be included! Thank you very much 🙂 I always enjoy The Sunday Best as a bookend to my weekend (I get the email on Sunday night in Australia) – keep up the good work, cheers!

    Reply

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