Credit Card Hackers Beware: IRS Deems Reward Dollars Taxable Income

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Developing financial literacy, and the pursuit of financial independence, tends to generate extreme enthusiasm among participants. People go big. Folks who stumble across the Mr. Money Mustache blog don’t just take note of MMM’s frugal lifestyle, they tend to judge whether they are following the precepts of Mustachianism, a tongue in cheek term for a cult that is more serious …

Mixing Rigorous Skepticism With Acute Gullibility

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We tend to recall our winners disproportionately, a wiring flaw in our human composition. I first became acquainted with this fact when someone dear to me began touting her remarkable track record with matchmaking friends. She liked to entertain friends at social gatherings with the two marriages that had come into being due to her intervention. Much was made by …

Catastrophe And The Reality Distortion Field

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Years ago, I read Walter Isaacson’s biography of Steve Jobs. One of the most striking concepts in the book was what one of the top engineers at Apple called the reality distortion field, a Trekkie term co-opted to describe how Jobs made the impossible seem plausible to those in his immediate vicinity and overcame their objections to reach unlikely outcomes. …

Reflecting On A Delightfully Weird 1980s Childhood

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COVID seems like such a weird way to spend a childhood…except for all the other ways. Solitary, sure. Antisocial, of course. But weird is a relative term. I was thinking back to the music videos that defined my childhood in the 1980s, and I couldn’t help but be struck by how weird it all seems in retrospect. Take an artist …

Approaching An Old Problem With New Eyes

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Iteration, iteration, iteration. You repeat a process with minor tweaks, incorporating what you’ve learned from your successes and failures, until you ultimately arrive at a workable solution. This is a weirdly personal case study, but I thought it adequately described a valuable process. It also demonstrates that the difference between success and failure is persistence. I have a dust problem …

Safe Passage And Road Blocks

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It was the early 1980s, and we were eleven years old. She and her identical twin sister had been classmates for several years, teasing presences with ponytails and impish grins. In the novel marinade of hormones that flavored my outlook on absolutely everything, I began to notice her. She was my first crush. Years later I would discover a forgotten …

On Keeping Your Cool With Hot Letters

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Yet another lesson gleaned from the Master Class by Doris Kearns Goodwin explored how great leaders dealt with putting aside awkward interpersonal dynamics in the name of pursuing the greater good. Explicitly highlighted was Abraham Lincoln. One example provided was Lincoln’s selection of Edwin Stanton to serve as his Secretary of War. Years earlier, Stanton had humiliated Lincoln. In 1855, …

I Almost Let The Possible Sideline Me From The Important

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I continue to iterate as I consider my future as a real estate investor. In the culmination of a 3-part series, I’d concluded that a viable next step after I depart medicine would be directly investing in real estate. In that post, I laid out my careful plan: invest in and self-manage multifamily properties, obtain Real Estate Professional Status, claim …

Distress And Unburdening

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In the past week, there have been two deaths within my circle of friends, one of a friend’s parent, one of a friend’s child. There is grief paired with the sense that I am getting off easy. I was speaking to a mentor, a retired internist who pioneered palliative care at the academic institution where I trained decades ago. His …

Are Claim Jumpers Stealing Your Time?

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Radiologist and long-time friend to the blog Vagabond MD was recently interviewed on a podcast to describe his official transition out of clinical medicine last month. I highly recommend you allocate 32 minutes of your life to listen. Vagabond outlined different considerations in his process – ranging from coming to terms with certain fantasies for a future career that he …