The Sunday Best (9/13/2020) – Physician on FIRE

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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.

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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!



If you left work for good, would you miss your colleagues and work friends? The paychecks? Sense of purpose and accomplishment? FIRE and Wide touch on all that’s been left behind in this post-FIRE update: Two Years After Early Retirement – Do I Miss Work?


It helps to understand what makes you happy, and that can be a complex equation. Zach from Four Pillar Freedom has done some calculations. My Favorite Lessons from The Algebra of Happiness.


How happy would you be as a doctor if you found out the engineers in your city were out-earning you? Smart Money MD sheds some light on a sobering fact for physicians. Doctors working in tech cities are losing the rat race.

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This doctor in Tennessee is definitely not losing, going from a net worth of negative $850,000 at age 40 to a financially independent multimillionaire at age 49. His story in the latest CGP. Christopher Guest Post: XRAYVSN.


Are eight figures in his future? Are they in yours? Leif from the Five Year FIRE Escape has some words of advice for the decamillionaires out there. How to invest 10 Million Dollars: Make an impact and some wealth.


When you have that kind of money, there’s bound to be some lifestyle upgrades or “creep.” And that’s not necessarily a bad thing. We Want Guac (who doesn’t?) explains The Difference Between Lifestyle Creep and Improving Your Life.


When you have that kind of money, you have a target on your back. Do your best to keep it! Physician Asset Protection Depends on Your Age (or career stage) according to the FI Physician.


You know what else you need to avoid losing your money? A plan for what you’ll do with it. Specifically, You Need an Investor Policy Statement.


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IX Water gives you the opportunity to support both. Learn more about their patented water recycling technology and its impact on the energy industry at this referral (affiliate) link.


That IPS of yours should tell you exactly what to do with the money in each account you own, like an old 401(k), for example. Got one of those? The White Coat Investor lays out 5 Things You Can Do With an Old 401(k) including one option that’s almost never a good idea.


A written investing plan might also keep you from blowing a good chunk of money on a neighbor’s “foolproof” business idea. Mr. Hobo Millionaire can attest to that. That Time… I Invested In A Three Piece Wheel Company.


You don’t have to reinvent the wheel to find a viable passive income opportunity, says Passive Income MD. He describes the pros and cons along with some tips for Buying a Turnkey Property Out of State.


Want to learn more about passive income? The Debt Free Doctor compiled an impressive list of what others have to say about the concept. The 25 Best Passive Income Quotes For High Earners.


She Picks up Pennies… but leaves thousands of dollars on the table. That Isn’t Very FI… Or Is It?


The Bad Fires


We talk about FIRE here a lot, and when we capitalize it, we’re talking about the acronym. Financial independence, retire early, and it’s all good.

Lately, I’ve been reading stories and seeing horrifying pictures of a different kind of fire out west, and these are bad. Quite terrible and terrifying, actually.

To the millions of Americans in harm’s way and the thousands of people battling these wildfires, please do all you can to be safe. Dozens have lost their lives already. 2020 has been an awful year; don’t let it be your last. My condolences to the families who have lost loved ones already.

If you do have to evacuate and have nowhere to go, I know northern Michigan is a loooong drive, but I do have a place to stay where we could easily put up a family until it’s safe to return home. Seriously, contact me if you’re in that situation and looking for a place to chill. We’re expecting highs in the 60s and lows in the 40s for the next couple of weeks.



Empower Hour


LR Empower Hour Social Post Event AnnounceWhat are you up to a week from Tuesday?

Yeah, I don’t know, either, but you ought to mark your calendar for 8pm Eastern / 5pm Pacific to join Dr. James Turner a.k.a. The Physician Philosopher for a free Zoom call.

The roughly 45-minute-long talk will focus on student loan management and the importance of financial independence. If you’re a student, resident, or early-career attending, be sure to sign up for a little free information. You’ll like Dr. Turner’s style of educating, I promise.

Oh, and apparently the first 60 people to tune in will receive a “caffeine care package.” So be one of them.

You can register for the event here for the event, which is sponsored by Laurel Road. They currently offer some of the lowest refinancing rates out there for student loans.


Taking the RV for a Test Run


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Earlier this summer, we picked up a travel trailer, and it’s spent time in our side yard and driveway as we’ve gotten to know it better. As fall begins to set in, we’re planning to take it out this coming Thursday for a long weekend at a state park not too far away.

We’ve been learning a lot from our friends Steve and Courtney from AStreaminLife — they were full-time RVers for several years — and I’m sure we’ll learn more when we actually take the rig on the road and hook up in an actual campground for the first time.

If you’ve got any tips you’d like to share from your time in any type of RV, please let me know in the comment section below.

If all goes well, we may take a lengthier trip of at least several weeks to find warmer weather towards the latter part of the fall. I hear the Southwest U.S. is beautiful in October and November. Let’s hope the fires are all extinguished by then!


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Have an outstanding week!

-Physician on FIRE


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