At the time of writing, we are in the midst of the most luxurious vacation we have taken yet as a family. I do not consider it a luxury for the accommodations, although they more than meet our needs. Lodging has averaged under $60 a night with all places offering 2 bedrooms and 1 bath, full kitchen, washer, and decent …
Physician Home Purchase Bloopers
Frank Sinatra was known for crooning, “Regrets, I’ve had a few, but then again, too few to mention.” Not so with physician finance bloggers. When it comes to buying a home, we have plenty of regrets, and we like to share them. Something about summer seems to bring out even more wonderful confessions from some terrific voices in the physician …
Project FI In Greece
Topping the list of international travel anxieties is whether your cellular phone bill might be adversely impacted while traveling in another country. Our recent trip to Greece brought up this very concern. We’ve all heard horror stories of Roaming Charges Gone Wild! Mine involved the beloved if technologically unsophisticated older cousin from Mexico City who acquired a new iphone prior …
Are We On The Verge Of A Generation Of Hyper-Risky Investors?
I recently posted about a friend whose wife had no tolerance for equity risk based on her negative prior experience watching her parents lose significant value on paper in the recession of 2008. Ubiquitous commenter extraordinaire Gasem (who wrote a highly-regarded guest post on home schooling for this site) noted the false dichotomy that equities connote risk while cash, bonds …
Agoraphobia
Deep thoughts from our recent travel: Agora = Greek for marketplace Phobia = Greek for fear A close friend from childhood works in finance and earned his MBA but keeps the vast majority of his savings in CDs and treasuries that barely keep up with inflation. His wife saw her parents lose a significant portion of their net worth (either …
How I Measure My Leisure
On our recent three-week trip through Greece, I chose not to bring my electric shaver. The dirtbag traveler in me, the one that takes pleasure out of proportion in packing as little as necessary as lightly as possible, wanted to ditch the added few ounces and volume the shaver would add to my pack. The scientist in me wanted to …
A Greek Tragicomedy
23 years ago, I took my first international trip as a backpacker through Europe. It was my baguettes, bananas and drinkable yogurt tour, since these were the foods I could afford as I made my way through some pricey countries over a couple of months. One of the highlights was Greece – I spent a couple of nights in Athens, …
One Way Of Paying Your Children To Model
Dr. Jim Dahle, a.k.a. the White Coat Investor, has tempted many a blogger by dropping oblique references to how he pays his children to model for his tremendously successful blog. There is great appeal in the idea that you might hire your children to work for your business; that their earnings, as part of a family business and while in …