The Sunday Best (9/15/2019)

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

 

I first met Pivot Points MD at the first WCICon in March of 2018. A year and a half later, he’s launched a blog of his own, kicking it off with a wide-ranging introduction featuring Fear, Skydiving & The Search for Freedom and The Golden Mean.

 

I trust that PPMD is a good doctor, and I think I was, too. But neither of us want that job forever. Neither does she. From Reflections of a Millennial Doctor, Yes, We Need Good Doctors. But Who Said It Has To Be Me?

 

There’s a FIRE burning, and it refuses to be extinguished. Dr. Dawn Baker of Practice Balance & Stealth Wealth Family explores A Slowly Spreading FIRE.

 

Tawcan is no tool, but he is a Tool fan, and he weaves his fandom into a post on financial freedom. FI… 13 Years and 4 Months in the Making.

 

Tawcan would like to see more discussion of hard rock in personal finance. Helaine Olen would like to see more discussion of politics in personal finance. J.D. Roth of Get Rich Slowly offers a counterpoint. Does the world of personal finance need more politics?

 

 

The world of personal finance probably doesn’t need more new cars, but if you’re in the market for one, The Physician Philosopher has you covered. He recently traded in his Chevy SS for a full-size pickup truck. Personally, I prefer late-model used vehicles. The Best Time to Buy a Car & How to Get the Best Deal.

 

Buying a new car can be a frightening experience, not unlike delving into real estate investing. As Passive Income MD can attest, Your Fear of Investing In Real Estate Is Totally Normal.

 

The Happy Philosopher is not prolific, but his posts are profound. His latest shares 9 lessons designed to maximize both your freedom and happiness as a physician. How to Prepare for Life After Residency.

 

These women are thriving in their lives after residency. Wealthy Mom MD, formerly Miss Bonnie MD, has shared a number of their stories since I last featured them.

 

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If you enjoy roundups of personal finance blog posts, check out Personal Finance Blogs for three curated articles per day. There are so many new and interesting voices out there!

 

The Ether to FI family has started reaping the benefits of part-time work. Ether to FI: Part-Time Work. Full-Time Life! And a Net Worth Update.

 

The Man Overseas has been reaping the benefits of no-time work since 2015. How Did I Get Here? What I’ve Learned After 4 Years of Early Retirement.

 

Passive Income MD has learned a few things about killing time. Maximize Your Dead Time For a New Approach To Life.

 

The Things Which May or May Not Happen

 

The financial news has been interesting to watch lately.

The yield curve has inverted. As a result, there might be a recession. Probably, but we don’t know when. Possibly yet this year. If not, likely next year or the year after. Unless this time, it’s different.

Index funds are in a bubble. And if that’s the case, actively managed funds are also in a bubble since they own the same stocks. Everything is overvalued, but bonds don’t pay squat, so what’s an investor to do?

Diversify into real estate! That’s the answer. Everyone needs a place to live and when’s the last time you heard of real estate losing half its value? Oh, yeah. 2008. And some places lost more than half. The Vanguard REIT index lost more than three quarters of its value.

There’s a lot of talk and little actionable advice in the financial media.

I haven’t made any substantial changes to my investments in the face of these headlines. The best move to make, if you haven’t made it yet, is to write out your investor policy statement so that you have a document to refer to when you or others question your current strategy.

Long story short: stay the course.

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Diversify into Real Estate!

 

As I stated above, this is an optional move that has its own set of risks, but I will say that I’ve been impressed with some of the financially independent people I’ve met who are younger than me and have done it entirely with real estate.

I’m not looking for a second job, but I’ve toyed with the idea of becoming doubly financially independent by pursuing a real estate portfolio that would support our spending while keeping 25x or more invested in stocks and bonds.

How would one go about this?

My friend Chad Carson supercharged his real estate holdings by acquiring 33 properties in one year. That’s about one every 11 days for those keeping score at home.

How did he do it? I’ll let him tell you. 33 Real Estate Deals in One Year.

“Coach” also offers a couple of courses that may interest you if you’ve read this far.

 

The latter two are not free, but both are included at no extra cost when you enroll in his master course, Real Estate Start School, which will be open for enrollment very soon.

 

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Have an outstanding week!

-Physician on FIRE

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