The Monthly Checkout: December 2018

Financial Planning for Doctors

It’s that time again.  Time for The Monthly Checkout where I recommend articles for you to read after pouring hours over the last few months picking out my favorites.  The topics will likely mirror what we talk about on this site: financial independence, personal finance, investing, and burnout.

A Leader In The Physician Burnout Space

One of my favorite bloggers in the physician burnout space continues to be M at Reflections of a Millennial Doctor.  Recently, she wrote three posts chronicling her journey to leave office based primary care to transition to a new hospitalist practice.

In it, she hammers home a lot of the issues that exist in medicine, and how she is voting with her feet.  Join along as she discusses The Death of a Primary Care Physician’s Career (Part one).  Then, make sure to check out Part 2 and Part 3 as well!

What’s the Definition of Rich?

There are likely a lot of ways to answer how we define being rich.  However, one of the best explanations on this topic came recently from Wealthy Doc.  He lays out the numbers and the statistics while providing a fresh perspective.

You might not realize just how rich you really are until you read Wealthy Doc’s post, “Dad, Are We Rich?

So, you like questions?

There are some people out there who love quiz bank questions.  You know, the ones where you pick the answer and then find out what percentage of people also picked that answer. Of course, this is then followed by an explanation to help you retain the information.

Well, Wall Street Physician has now put together several Financial CME Quizzes. The most recent versions are Financial CME #9 and Financial CME #10.  Check it out, and if you enjoy it, make sure to check out his other quizzes, too.

Such a Cool Story!  A Leap of Faith

One of the coolest stories I read in the month of December came from Xrayvsn.  He wrote about the mystical journey he took to find his current home.  It involved waterfalls and leaps of faith.

It also involved excellent writing that made the story even more pleasurable to read. Come read how Xrayvsn owes his Accelerated Path To Financial Independence To A Leap of Faith And…….Ebay??!??!?!?!

Physician on Fire: A Brother from Another Mother

POF wrote a post at the beginning of December that shared his vision of how wise financial decisions play a part in diminishing burnout.

This topic is obviously near and dear to my heart – and my purpose for writing – on this blog.  Come check out POF’s view on  how to Fight Burnout with Both Saving and Spending.

The TPP Update

Our family has adjusted to life in our new home. We also received a list offer on our old home that we are selling. It seems that things will work out perfectly as we will never have a month with two mortgage payments.

After paying the realtor and brokers involved in the sale, we will get a check for about $20,000.  Combining this with my quarterly bonus in January (and the two monthly payments from December and January), we should be left with $13,000 in student loans.

I’ve pretty much decided at this point that we will just cut the check from our “Emergency fund” to pay off this remaining balance.  At that point, we will have paid off $200,000 in student loans (plus interest) in 19 months.

We have been looking forward to this moment for a long time!  So, we are really excited to be this close to reaching our goals.  Expect some posts in February detailing exactly how we accomplished this goal!

Take Home

Thanks for tagging along for The Monthly Checkout!  From our family to yours, we hope you are having a Happy Holidays and look forward to a wonderful New Year!


8 thoughts on “The Monthly Checkout: December 2018”

  1. Thank you so much TPP for including me in this awesome list. In the past whenever a visitor to this property asked me how on earth I found a place like this I had to give the whole spiel verbally. Now I can just refer to this post (I actually did this at a Christmas Party recently LOL).

    Congratulations on the sale of your former home and moving into your new one. And even bigger congratulations on the final step of paying off your student loans. That was a huge turning point in my financial life and really felt good when it happened to me.

    Here’s looking to continued success for all in 2019

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