Fawcett’s Favorites 3-7-22

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 seven things I wish I knew before retiring, retirement will be boring unless you make something of it, ten reasons doctors spend too much money, the only two ways to reach financial independence, and societies unrealistic expectations of physicians.

Happy reading!

I went through a lot of worrying leading up to my retirement. Will I miss medicine? Will I get bored? Will I have enough money? I took my time making the move and made plans for what I was going to do, so everything worked out well and all my worries were for naught. Egg Stack Blog shares with us Seven Things I Wish I Knew Before I Retired. I was so thankful for one partner who made me consider what my new purpose would be in life when I didn’t have medicine. I think that made all the difference.  I put my thoughts in The Doctors Guide to Smart Career Alternatives and Retirement

If you think you will be bored in retirement, you are right, you will be. Retirement has the possibility of boredom, especially if your work was your life. I made a plan to write books and coach physicians to have a better life and financial future. It has not been boring. Leisure Freak shares with us some things to help with this in The Boring Early Retirement Truth: It’s What You Make It. Retirement is wonderful, but only if you make it so. 

Often the reason doctors get into financial trouble has nothing to do with needing to make more money. It has to do with needing to spend less. But once we get into a pattern of overspending, it is hard to go back. That might mean moving to a less expensive house, taking the kids out of private school, or selling the $500,000 boat. The easier thing to do is to spend less from the beginning. Physician on FIRE shared with us a post form The White Coat Investor on Ten Reasons Doctors Spend Too Much Money. I hope you find one of these you can change in your life. 

So many people wonder how to get to financial independence. The answer is very simple, but people try so hard to make it complicated as if it couldn’t possibly be that simple. The Darwinian Doctor helps us out with his take on the ONLY two ways to reach Financial Independence. What do you think? Is there any other ways?

Do you ever feel there are unrealistic expectations put on you as a physician? Most physicians could easily fall into the “hero” category. But we are often considered just doing our job. We stay up all night to save a patient and it’s just doing our job. We miss out kid’s birthday party because we were in surgery for a ruptured appendix and we are just doing our job. Kevin MD shares with us an article about the unrealistic expectations put on physicians. Do you agree?

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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