The Sunday Best (8/26/2018)
The Sunday Best is a collection of articles I’ve curated for your reading pleasure.
Presenting, this week’s Sunday Best:
Recently, I boldly stated that Money is Everything. Our lawyer friend (did I just say lawyer friend?!?) who is Trapped in Work offers a more complete perspective. Money Is Everything … Until You Master It. Then It’s Nothing at All.
Transitioning from a mindset of scarcity to one of abundance could be considered a key component of money mastery. Passive Income MD defines, compares, and contrasts The Abundance Mindset vs. Scarcity Mindset for Physicians.
An abundance mindset is more easily adopted when you’ve got an abundance of money. I’ve worked “one more year” several times already to get mine. The Green Swan is a fan, as well, speaking out In Suppport of One More Year Syndrome.
What happens after one more year? Sometimes, it’s one more year. But it could be something else. Something Unfamiliar. From Reflections of a Millennial Doctor, What is Life When It’s No Longer Defined By Work?
How does one afford to live a life defined by life without work? From [no longer] Trapped in Work, Nine Traits That Got Me to Financial Independence at 41.
For a detailed, and I mean detailed look at the finances of another financially independent family, Chris from Can I Retire Yet shares Our Investment Plan: What We Do, What’s Changing, How We’ve Performed.
For a look at the finances of a half-dozen breadwinning, six-figure-earning, millionaire doctor moms, review the interviews from the Chief Mom Officer featuring Miss Bonnie MD, Hatton1, Foreign Born MD, and others.
Camp Fi Midwest
I had the pleasure of speaking to an enthusiastic crowd yesterday at Camp FI Midwest. The topic was how to approach financial independence and early retirement with children. The title of my walk was “Have Kids. Will FIRE.”
A majority of the 60 or so in attendance either have children or may have them some day, so the talk was on point for most and well received.
I’ve never been a huge fan of public speaking; I don’t love being the center of attention and it’s much easier to present a polished blog post than it is to deliver a polished speech. Nevertheless, yesterday’s talk was actually a lot of fun to give. It helps to have a friendly audience, and this one included my wife, my kids, and dozens of new and old friends.
It helps to get the audience laughing, whether intentionally or unintentionally, early on. That’s helps everyone, including the speaker behind the podium or on the stage, feel more relaxed. Start things off right, and rest of the talk should flow naturally. I feel I’m starting to feel more comfortable in this occasional speaker role.
These gatherings — this is my second one as a participant and first one as a speaker — are basically summer camp for grownups. There are talks from popular personal finance bloggers, roundtable discussions, and tons of time to just relax and get to know one another.
Three square meals are provided, as are equipment and space for recreational activities. There are team-building activities, happy hours, and thanks to Mr. 1500 and me, this current one offered an opportunity for some rare beer sharing.
If you’re ever looking to get away for a casual long weekend, meet some bloggers and podcasters (about a third of the attendees here are one or the other or both), and hang out with other people at various stages of their FI path, you should check out one of these camps.
Analyze your investments for free with Personal Capital.
Have a marvelous week!
-Physician on FIRE
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