The Sunday Best (9/8/2019)

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 met several people at Camp FI last weekend who became financially independent in short order with real estate. Coach Carson, who offers a free course on getting started with real estate, recently shared 15 Ways to Start Investing in Real Estate With Little or No Money.

 

I’m just a few weeks in to this post-FI life now, and I’m loving the fatFIRE aspect. For me, it was worth working a few “one more years.” Doc G of DiverseFI explores this concept. Why FatFIRE?

 

The aptly named interventional radiologist and mother known as the Tired Superheroine is in pursuit of a life less ordinary. Chasing Financial Freedom: My ‘Why’.

 

The Frugal Physician is a moniker I considered, but it didn’t exactly fit. I’m happy to report that a delightful young woman did adopt the name, and she was recently the guest of honor on The White Coat Investor podcast. Frugal Living with The Frugal Physician – Podcast #122

 

XRAYVSN shares a detailed reading of WCI’s second book. Continuing Financial Ed: WCI Financial Boot Camp. Clinical correlation recommended.

 

 

The Actuary on FIRE is a fan of the stock market, and he’s all in during these uncertain times. Why? I’m 100% Stocks and Happy with my Diversification.

 

Does index investing make him (and me… and probably you) a fool? The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs at Bloomberg.

 

Not necessarily, says Ben Carson of A Wealth of Common Sense. Debunking the Silly “Passive is a Bubble” Myth.

 

If I could only use one word to define the dude behind Refined by FIRE, it would be resourceful. He shares a bunch of his favorite personal finance resources in A Consolidated Consortium of Collated Collectibles.

 

ESI Money has gleaned more information from his growing interview series in which we learn how millionaires got to where they are today.

 

Are you getting the most out of the business credit card in your wallet? Check out the top business credit card offers today.The Best Business Credit Cards

 

I jumped from one gathering of money nerds to another, as we just wrapped up another fun and successful FinCon. Last weekend, I was making friends in the woods outside of the Twin Cities. Camp FI Review: A Weekend with FI-Curious Strangers.

 

Do you know where you’re at on your journey to financial freedom? As a business owner or partner, it can be tricky. As a Business Owner, I Have No Idea Where I Am on My Journey to FIRE (and That’s OK).

 

I hope my funeral is many, many, many years away, but nothing is guaranteed. Attending Your Own Funeral: Thoughts on Finances and Legacies.

 

Inspiration & Information

 

I learn a lot when I read, and I read a lot. To curate this weekly Sunday Best that’s been published every weekend for over three years, I read dozens of blog posts. The content I share is inspiring, informative, and often both.

However, there is no substitute for one-on-one, in-person communication. Most of the folks featured above are people I’ve conversed with face-to-face this week. Dr. Michael Berry is not among them, but dozens of doctors did show up at FinCon this week, and they’re doing an amazing job of sharing their stories and knowledge with all of you.

I’m heading back to Michigan feeling inspired to put together a meaningful meetup to help people make progress on their financial independence journey and sort out what that freedom could mean for them.

I felt similarly a year ago, but I clearly did nothing with it. Putting it in writing makes it one step closer to actually happening. Stay tuned for an eventual announcement for some sort of event in 2020!

One event that you can join me at next year is the Financial Freedom Summit in St. Louis, MO May 1-3, 2020. I’ll be presenting in some capacity, along with an amazing lineup of your favorite authors, speakers, and bloggers.

The event is being organized by the people behind FinCon, but the target audience is not the content creators, but the content consumers. That would be you!

 

 

 

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Heart Broken

 

I’m fighting back tears in a crowded conference room as I write this.

This is not about me, but the news hits home.

Two years ago, I got together with a handful of bloggers in Boston. I was excited to meet David, a.k.a. “Mr. P.I.E.,” the bloke behind Plan Invest Escape with a splendid Scottish accent. He and his wife retired early last summer to live the dream we all dream of.

They’ve got two boys just a couple years older than ours and the four of them left the hustle and bustle of the city for the mountains of New Hampshire. David and I hit it off over beers, and I’ve been looking forward to following their post-FIRE journey as we begin ours.

This is not the update I wanted to see. Mrs. P.I.E. shared this tremendously sad news on Twitter the other day.

Mr. PIE

Mrs. PIE

 

They are raising money for cancer research. I’m contributing an amount from our donor advised fund that should get them above and beyond their goal. I cherish your help in furthering our charitable mission, and I wish the best for David, Emily, and family.

 

pie family

 

 


Track your investments for free with Personal Capital. That's how I track the PoF portfolio.  

 

Have an outstanding week!

-Physician on FIRE

14 comments

  • Thanks for sharing about Mr. PIE. Heartbreaking is right. There is never a way to know what the future brings. I like to say you can plan for the future, but you cannot predict it.

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  • It’s so unfortunate to hear about Mr. PIE. Knowing that tomorrow is not a guarantee is quite a scary thought. Living in the now and in the moment is easier said than done; it’s especially easy when times are good. I wish him and his family all the best.

  • PoF,
    Thanks for another great list. I’m amazed at how consistent you have been with these weekly posts over so many years.

    It was good to see you in DC. I must say you looked pretty relaxed as a new retiree.

    I’m so sorry to hear of the PIE family tragedy. It is terrible to hear. It is also a reminder to me about the fragility of life. It reminds me to be grateful and not take each day for granted.
    And the importance of disability insurance, major medical insurance, life insurance, and flexible plans. My prayers are with them.

  • Very sorry to hear this as well, we are thinking about Mr. PIE and his family. Evidently they settled down not too far from us and we have frequented several of the same hikes outlined on their blog. They sound like tremendous people.

    Max

  • Thanks for sharing about the PIE’s. I remember reading their story when they made the transition. So glad they made the change over to Retire early. Yes-tomorrow isn’t guaranteed. That’s why spreading the news of FIRE is so critical…

  • Great seeing you these past few days! Had a great time at the conference. Still in disbelief about Mr. PIE. I’m really at a loss for words :(.

  • Lynne

    So sad to hear about the PIE family. Glad they got those travel memories. So true how tomorrow is never guaranteed.

  • Unfortunately, we need reminders that tomorrow is never guaranteed. Seize the day, really. Or you might be too late.

  • Wow I am very sad to hear about Mr. PIE. Tomorrow is never guaranteed that’s why it’s so important to spend money on things you enjoy so to get to enjoy life!

  • Great Sunday Best as usual PoF. I especially like the treatment you gave on the passive bubble — showing both sides of the bubble argument.

    I’m not sure where I sit yet, but it’s definitely something to ponder in all my free time.

    Sad news to about Mr. PIE though. 🙁

  • That article about index being the same as sb-prime-CDOs has to be a PR stunt.
    Indexes hold companies which have natural value, maybe they are a bit inflated but they at least are worth something.

    I wish the PIEs all the best *lights candle*

  • Wow. The news about Mr Pie really was heart wrenching. Time is not guaranteed for anyone so make the most of what you are given. My dad died of pancreatic cancer at age 50 and never did get to retire. You work and work and work thinking you will get to spend golden years that may never happen.

    On a brighter note, I was really thrilled to see you in person in fincon and meet the man behind the legend. You have a great personality and I can say that what is conveyed on this blog is not an act and that you really are down to earth and easy to interact with. Fame has certainly not gotten into your head and you act like the rest of us mere mortal doc bloggers.

    Appreciate the mention of my post on your Sunday best.

    Hoping to cross paths again and have already booked my fincon20 passes.

  • Emily and David

    PoF, thank you so much for your kind words and sharing our story here. (It only took 2 weeks for us to catch up and find this article!)
    Thank you also for your kind donation, the team I am fundraising with has raised over $40,000,all for Glioblastoma research!
    All the best
    The PIE’s

  • Thanks for the share PoF. I kept concise lists of the things I found most helpful on the path to FIRE. I hope everyone gets as much out of this alliterated list Consolidated Consortium of Collated Collectibles as I did. Enjoy retirement, I will meet you out on the lake in a few short years.

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