The Sunday Best (8/18/2019)


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

 

The Sunday Best

 

The duo behind Enchumbao have retired at 44 and 33. Jubilado! OLTL 2019 Mid-Year Update – We Retired!

 

This other couple has a plan to be Done by Forty (or before turning 41, at least). On his 39th birthday, Mr. DbF runs the numbers. Two Years Out: Are We on Track for Financial Independence?

 

We’ve got another birthday post! Laurie turns 40 and shares Four Money Lessons from Four Decades on her blog, the Three Year Experiment.

 

Joe Udo made it his mission to Retire by 40. He did, but he still likes to earn some money here and there. In a One Month Experiment with his son, he made a decent sum and must have gotten a real charge coming up with this headline: Millionaire Charges Lime Scooters for Beer Money.

 

I’ll bet he got the idea from the side hustling lawyer / Scooter King known as the Financial Panther. The Reverse Latte Factor – How You Can Side Hustle Your Way To Financial Independence.

 

J.D. Roth of Get Rich Slowly fame shares a resource that any aspiring early retiree ought to review. As should I. The Spend Safely in Retirement Strategy.

 

The Chase Ink Business Cash Card

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You don’t often hear much criticism from within the FIRE community. I’m not afraid to be critical, and neither is Dr. McFrugal. I personally liked the FIRE documentary a lot, but I also know and like the people behind it and many of the people in it. Playing With FIRE Film: A Critical Review.

 

Have you been eager to share all you’ve learned about financial independence with your friends? I have been hesitant, and for good reason according to The Physician Philosopher. Flash FIRE Warning: The Dangers of Sharing Financial Independence.

 

Would You Sell Everything to Travel the World? Mr. & Mrs. Nomad Numbers did. Kristy & Bryce, the authors of Quit Like a Millionaire and the blog Millennial Revolution share their story.

 

What does traveling for a year look like? Let’s see those Nomad Numbers. 1st Year of Nomadic Travel Spending Report – Traveling the world for half of the cost of staying home.

 

We’ve got extensive travel plans, but we didn’t sell everything. Instead, We Bought a $90,000 House. And Yes, We’re Moving In.

 

90k house

our new home. for real.

 

 

Cameron Wood from NGA Healthcare shared some tips for doctors wanting to be paid fairly. Maximize your Practice’s Profits: Payer Rate Negotiation vs. Concierge Practice vs. Direct Care.

 

Financial issues can certainly contribute to burnout. The Physician Philosopher connects the dots between burnout and FIRE in Why are Doctors Burning Out? Three Ways Financial Independence Can Save Us.

 

Slow Moving

 

We’re moving slowly these days.

Don’t get me wrong. I’ve got plenty of pep and I tend to be quite active when I’m not in front of a computer. What I mean is that we are slowly moving into our new place and our new lives.

There’s slow travel, thinking slow, and we’re now in the midst of a slow move. When you downsize from 3,600 square feet to 1,150, you must be intentional with every single thing that you decide to bring into the house.

I picked up a 14′ enclosed trailer earlier this summer, and we loaded it up in June, brought it to Michigan in July, and unloaded it when we closed on our home in early August. I brought a second load over after my last day of work on Monday, and I was antsy to get some more furniture, so I made another round trip later in the week.

I’ll load it up again when I head back to Minnesota for a slew of late August events and will be bringing the last full load over after FinCon in September. We’ll grab what’s left after visiting family in Minnesota late September.

Moving can be stressful, but I am grateful to have the time to do this slowly. We’re going through each box and each item, deciding the fate of our belongings. Either it goes in the house, is put away for long-term storage, or it needs to go.

We made many trips to the Salvation Army donating stuff as we packed, and we’ll probably part with just as much again as we unpack. Our last two moves were paid for by hospitals, so it was easy to just let the movers pack everything up and avoid making any decisions.

We’re about to find out whether or not minimalism is all it’s cracked up to be.

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Have an outstanding week!

-Physician on FIRE

10 comments

  • Thank you PoF for calling our article about how much our 1st year of nomadic travel costed as well as our interview with Kristy & Bryce. We are very grateful to have you share our journey with your audience as part of this Sunday Best.

    We will be happy to answer any questions your community might have about our slow travel/nomadic lifestyle through the comments section of this post.

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  • Lynne

    Sort of off topic, but I am curious about something. The first time I saw the picture of your new home it looked totally normal to me, as I live in Florida and nearly flat-roofed houses are common here in the older neighborhoods.

    How do you handle the snow load? Is it heated, or do you have to go up there and push it off?

    I thought all houses up in the Great White North had pitched roofs that shed the snow.

    • This house has survived 55 years intact, and I know there were some rough winters in there.

      The majority of commercial buildings have flat roofs no matter where you are. They just need to be well-constructed and have a proper roof. We don’t have shingles or metals up there, but a thick membrane.

      Cheers!
      -PoF

  • Thanks for sharing the bday post! I’ll be curious to hear what you think about a smaller home. It’s taken us awhile to adjust to our smaller house, something that’s really surprised me!! I hope your transition will be smoother. Having more time to move in and downsize will probably make things easier!

    • Happy belated, Laurie!

      It’s going great so far — there are a number of things we just don’t have room for. The question is: do we keep them, anticipating another move in the next few years? Or part with them and risk regretting our choices later on?

      Fortunately, we do have time to figure it all out, and the garage is big enough to keep those things that we’re undecided on.

      Cheers!
      -PoF

  • Thanks so much for including my post in your Sunday Best, friend! Hope all is well with you.

  • Congrats on the new home Pof! It must be nice to ‘slow move’. It seems like every move I’ve made is a mad rush to get everything done in time. I usually end-up exhausted!

    Anyway, great Sunday Best as always! Every week I read through your Sunday Best and learn something new! Cheers!

  • The one thing I love about side hustling online is a person starts a blog as a side hustle with the intentional being a future “side hustle millionaire” using affiliate marketing and blogging as a work from home side hustle part-time operation and create content at least five days a week for two years, they can possibly look forward to achieving financial independence and quitting their day job. This is something they don’t teach you in school because they want to keep you in the “traditional cushy day job corporate rat race.” if I knew what I knew now 20 years ago, I probably would’ve been a few million dollars on the plus side close to maybe even $20 million richer. Who knows? 🙂

  • Kathleen

    Your lawn looks so lush and green. Time to tune up the lawn mower & sharpen the blades. You got some mowing to do. 😎

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