The Sunday Best (7/14/2019)
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.
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
Is financial independence only for high-income earners? The question was posed on the What’s Up Next podcast to a diverse group of well-known content creators in the FI Space, including Jillian Johnsrud, Paula Pant, Carl Jensen, and the duo behind Millennial Revolution. Listen to their convo in Can Everyone Reach Financial Independence?
Others abhor debt, even mortgage debt. Can you be a successful real estate investor without it? Coach Carson says yes. The All-Cash Plan – Financial Independence in Real Estate Without Debt.
Joe Udo from Retire by 40, who was also recently on the What’s Up Next podcast, has been retired longer than most of us were aware early retirement was even possible. He looks back with gratitude. 7 Years After Early Retirement.
Retirement won’t cure all that ails you. Maybe you just need to cut back, as I have done, and this batch of four doctors featured by Crispy Doc who are now working less than full-time.
- Docs Who Cut Back #17: Dr. S
- Docs Who Cut Back #18: Errin Weisman, D.O.
- Docs Who Cut Back #19: By Well Design
- Docs Who Cut Back #20: Dr. Academic To Community
It was not until after I cut back that I went on my first medical mission trip. Could such an experience be a key to career longevity? The White Coat Investor explores this idea after helping out in Honduras. Humanitarian Medical Mission — A Cure For Burnout?
Do you know how much you’re saving each year? I say you should try to live on half (and save the rest). The Physician Philosopher has a set of guidelines to help you answer that question for yourself. How Much Money Should I Be Saving Each Year?
There’s a couple in Tennessee that listened to me, and they’re featured on Think Save Retire. High Income FI: This Sales Executive Earns Almost $400k a Year, and Saves Half.
What do The Poor Swiss do with their money? As one of the most expensive places to live in the world, it’s best to invest wisely. Why Dollar Cost Averaging is Not as Good as You Think.
I am a fan of periodic investing, which is different than dollar cost averaging. I recently shared an update on my investment portfolio along with the latest statistics from this website. Six million pageviews and counting in the 2019 Q2 MyNewsList Portfolio & Blog Performance Update.
I’ve published fewer Christopher Guest Posts lately, as they just don’t get the traffic of most other guest posts. And it’s really a shame, because they’re great! Like the latest from Jillian Johnsrud: Christopher Guest Post: Montana Money Adventures
If you are what you eat, I’m bratwurst, chicken wings, and fajitas today. Passive Income MD says You Are the Average of the Five Physicians You Spend the Most Time With. Are your colleagues helping you out or holding you back?
Prime Day is Coming
One Month ‘Til FIRE
By this date next month, I will be officially funemployed.
It’s going to be an interesting transition. I’ve gotten used to having money left over to invest every month. That won’t necessarily be the case anymore. From a mathematical standpoint, I know I don’t need to do that anymore, but from a psychological standpoint, I know I’ll miss it.
My original stated goals on this site were to leave my job when we had 40x to 50x our annual spending in accounts available to us in retirement. I later revisited and revised my investor policy statement to say that we’d be plenty comfortable with 33x.
The stock market has smiled upon us, and depending on what I use for a budget number, we’ve met or exceeded not only the revised goal, but also that original lofty goal number.
I’ve also been blessed with the good fortune of a blog that became a business, and even after donating half of the profits and paying taxes, we should have about enough leftover to support our anticipated annual budget.
If you’re saying I won’t really be retired, I would agree with you. Retired Not Retired is a term I’ve used in the past. I will continue to “work” online, generating income, but now it’s optional.
I’m not going to lie. I love doing this, but there are times when I’d rather take a break. For example, as I write this after dinner on Saturday, I’ve played both bags (cornhole) and croquet. There’s some bocce ball in my future and maybe some game involving two black cans and a frisbee. It’s probably too windy for badminton.
But the pull of the blog is keeping me inside a bit longer than I’d like to be. It is remarkable, though, to see how efficient I can be when I’ve got a goal in mind. I can spend hours online and accomplish next to nothing, or I can sit my butt down and focus on this stuff, and knock out The Sunday Best in about 90 minutes (assuming I’ve already curated the articles, which I do throughout the week).
I do think it will be easier to find that blog / life balance when I’m not playing catchup after a busy 7 or 14 days of clinical work. After an 0300 epidural Monday morning, my 550-mile drive over to join my family was not the most fun. To be honest, I haven’t completely recovered and my sleep pattern has been off ever since.
Like Roger said to Riggs time and time again, “I’m too old for this $h!t.”
My New Student Loan Widget
I’ve updated the Student Loan Resource Page with an easy to read, user-friendly widget that displays the latest rates and cash back offerings from our Student Loan Refinancing partners.
As always, if you use my link (and we are both credited), I will not only donate half of my resulting profit, but I will also donate $50 to a charity of your choice on your behalf (and send you proof).