Fawcett’s Favorites 10-17-22

Every week I find a few great articles I feel are especially valuable. Following are this week’s best. I hope you find them as useful as I did.

This week’s favorites include reasons why every physician should own a timeshare, an Ebike might just be your best investment ever, ten numbers that will transform your investing attitude, yes you can enjoy your money now and still become wealthy, and how one rental property can set you free.

Happy reading!

Timeshares get an undeserved bad rap that keeps getting perpetuated by people who don’t understand how they work. When the right people own them, they are like having a goose that lays golden eggs. If you like hacking airline miles, or house hacking, then hacking timeshares is right up your alley. KevinMD published my list of reasons Why Every Physician Should Own a Timeshare. When you fully understand how they work and learn the hacks on the best way to use them, you can do like I do and stay in five star resorts for the price of a Motel 6. Get A Guide to Loving Your Timeshare today and learn why timeshares are a great vacation option.

Ebikes are taking over the biking world. I now own two performance electric bikes, a road Ebike and a mountain Ebike. They are great for us old bike racers who can’t keep up anymore. Commuter Ebikes are also a great invention.  Financial Panther shares the economics of Ebikes and why An Ebike Could Be The Best Investment You Ever Make. The economics of substituting a commuter Ebike for a car are unbelievable. Use the Ebike when you can and the car when you have to. The savings can make you a millionaire.

I’m a numbers kind of guy. Loved math and science in school. I guess that’s why I gravitated to teaching finance to physicians when I was looking to scale back my work load. Mantaro Money published a set of numbers regarding investing that will blow your mind. You must understand these Ten Numbers That Will Change Your Investing Perspective. Once you understand this, you will never worry about a bear market again. I especially loved #4 on the list.

Many times in life we put ourselves in the box of either/or. I can either look like a millionaire or become one, I can either buy a brand new car or invest for the future, I can either enjoy my earnings or save them.  But the reality usually lies somewhere in between. I recently discussed if it was ever OK to buy a brand new car and the crucial importance of planning your retirement date so you can spend the rest of your money without guilt. I was happy to see The White Coat Investor spread the same message with When is it OK to Start Enjoying Your Money? The short answer is now! But first pay for all the things you need in life, including retirement savings, then you can spend all the rest with no regrets. 

Many people who want to invest in real estate never start. Starting is half done! If you never buy the first one, you will never develop a real estate portfolio. Chapter 12 of my best-selling book The Doctors Guide to Real Estate Investing for Busy Professionals shows you how buying one single family home as a rental each year will lead you to financial freedom. The first purchase is the hardest. Semi-Retired MD shares with us this concept in One Rental Property Won’t Make You Rich, But it will Set You Free. If you are thinking about purchasing a rental property, just do it. If you are having trouble getting started, contact me and I will help you get over your hesitation.

I hope you enjoy these articles as much as I did. I look forward to updating you again next week with a few more articles I find especially interesting. If you read an especially good article, send me the link so I can share it with others.