Fawcett’s Favorites 3-14-22

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 how the war in Ukraine affects the financial markets, seven lessons from the first year of semi-retirement, 15 secrets the burglar is watching for when choosing a house to hit, what to do when you don’t match for a residency, and nine things I learned about having a family that includes 10 kids.

Happy reading!

Many things are changing due to Russia’s attack on Ukraine. The financial markets are affected, Russia will likely be devastated by economic sanctions, and gas prices are going up, to name a few. Millennial Revolution shares with us some insight as to what the changes might entail with How Does the War in Ukraine Affect Financial Markets?  Has the war caused you to make any changes in how you invest? I have not made any changes, but I sure felt the squeeze at the gas pump as I returned home in my motorhome. Gas prices took a big jump from what they were when I left in January. My wallet sure felt the price difference when buying 60 gallons of gas at a time.

When I went to half time for the last three working years as a physician, I felt great relief and learned many things about cutting back. Money Flamingo has just finished their first year of semi-retirement and shares with us Seven Lessons From Our First Year as Semi-Retirees. I learned a lot of these lessons as well. Especially important to me was lesson #2. What do you think will be the biggest impact for you? If you want to hear more about my semi-retirement years, it can be found in my book The Doctors Guide to Smart Career Alternatives and Retirement. 

We had our home burglarized back in 1997.  We felt violated by the ordeal. Now we have an alarm system and a house sitter whenever we are away. But there are a lot of things you can do to improve the odds of your home not getting chosen by a burglar. The Dollar Stretcher shares with us Fifteen Trade Secrets from a Burglar. Which of these do you need to address?

I remember being very nervous on match day during my last year of medical school. Would I get a match? I did match so all was well. But I am surprised to see that more than 7% of the graduating medical students do not match. There are not enough residency programs to accommodate all the graduating medical students. I think that is atrocious. Eight years of training and all those student loans fly right out the window. But do not fear, The White Coat Investor shares with us What to Do if You Don’t Match into a Residency Program. The world does not come to an end when bad things happen. Life will go on. I hope you never find yourself in this situation, but if you do, it is good to know your options. 

When we discussed how many kids to have, we chose two, so we would never be out-numbered. If our kids each had an event in different locations, at least one parent could be present. The Tanner family made a different decision and ended up with ten kids. There are many differences between ten and two kid families. Insider shares their story with us in Nine Things That Surprised Me About Having Ten Kids. There is a lot of parenting wisdom in this post.

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.

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