Financial Independence Retire Early – Dr. Plastic Picker
 

Tag: Financial Independence Retire Early

Granny Flat. I admit, our family is in real estate.

February 26, 2021

by drplasticpicker

I admit it. My family has been involved in the real estate business since the 1970s. But then so have many people in our region. There are a lot of “real estate” families like ours. Just like anyone who has worked and thought about things through many times, real estate is a skill set. And like anything, when you first look at it – it appears daunting, then easy, then really difficult and then in the end simple again.

A really smart HMO resident called me yesterday to ask me real estate advice about buying their first home. They have a small downpayment and are approved for a 30 year fixed at 3.1%. But there is some uncertainty about their lives in terms of where they will be in a year, and where in San Diego they could eventually settle if the graduate gets a job here. No children yet. Smart young doctor that is usually good with money.

(more…)

Gardening Pics #1

November 22, 2020

by drplasticpicker

Isn’t that picture above pretty? It’s a collection of my container gardening project. The picture at the end of the post is the 2nd picture of my container gardening project. My mother-in-law and mother are avid gardeners, and I have never been able to grow anything in my life. But these new adventures through blogging have made me excited to try new things. I realized that I could learn new things, and I ventured into gardening. My sister is a very insightful and a thoughtful person, and she said that this is common for accomplished people. You reach a point in your career where you reach mastery, and embracing a new venture or trying to acquire a new skillset is important for that personal renewal. I think this is why I became Dr. Plastic Picker in my 40s.

(more…)

Here is how your cup of coffee started Nurse L.

July 9, 2020

by drplasticpicker

I brought my cold brew coffee concentrate to the office yesterday. I reused a sauce jar and made sure it did not have any pungent smells in it, but the lid was not the tightest fit. So I carefully put it in my lunchbag but had to make sure to carry it the right way so it would not spill. It made it to clinic and I put my repurposed glass jar in the office fridge. We have a new office fridge. The old fridge had been there since the clinic’s opening over 20 years ago.

(more…)

Retirement party yesterday.

It’s my last day of my week of vacation. It’s been a mentally exhausting week because a lot of important work issues crept up that needed to be completed. Today is my last day and I will enjoy the day with the kids. Mr. Plastic Picker said he will try to work from home. He usually ends up getting called into the hospital to do an emergency fluoroscopy study. But I am hopeful he will stay home for some of it and we can be together.

There were many important tasks I had to complete this week despite “vacation.” I am proud that they are done. They were big tasks that only I could complete because I care about them. Since it was vacation, the usual annoying issues of pediatricians essentially whining about this and that – I just ignored and punted to the managers that were actually on duty. One of our pediatric GI nurses used to have a sign on their door that said, “NO WHINING.” I loved that. At some point I’m sure someone from compliance or customer engagement made them take it down. This week I did not deal with the whining. I did receive messages about clinic issues that are meant for Dr. Dear Friend, who leads the clinic and is not on vacation. Another physician sent a message about a going away party for a graduating resident and a special caterer he likes which does not have anything to do with me, unless the other physician was subtly asking for department money for that party? But in this COVID-19 pandemic and the financial stresses we are facing in healthcare, there is no budget for that. I punted it to Dear Dr. Friend and told her I’d chip in my own money, but no departmental funds are available for extraneous costs that do not have to do with actual departmental business.

(more…)

Kitchen of our new likely rental home.

April 11, 2020

by drplasticpicker

I’ll be blunt here. Physicians are not for the large part good stewards of their own money. Physicians often think other fields are easier than our own work. I hear this a lot. Some of my colleagues think there is easy money in real estate investing, yet rarely do those same people have actual real estate outside of their primary home. It’s kind of a minor insult to true real estate professionals, just like a parent telling you they could drain an abscess better than you could with a sewing needle and exacto knife.

To actually support a middle-class or upper-middle-class family solely through the real estate boom and bust cycles of the market is not easy. Like performinig surgery, real estate investing requires a very specific skill set. It requires negotiating, managerial skills interacting with skilled laborers and tenants, having good accounting skills and being able to take on financial risks. You need to know about the specific tax laws, termite inspections, cost by the square footage of decking material and on and on. It also requires time and focus and attention to detail.

(more…)

I always find money on the beach. $8 that I donated by buying food for the local foodbank.

December 31, 2019

by drplasticpicker

I want to coin a new term. If I blog about it enough, perhaps it will gain traction and enter into the internet/instagram/English speaking lexicon. FISE – Financial Indepedence and Save the Earth. FIRE is well established. It’s Financial Independent Retire Early. I used to follow these FIRE blogs religiously about 15 years ago, when they were just getting started. I’ve been reading 3 bloggers pretty regularly, Retireby40, LenPenzo.com and Mr. Money Mustache. I read intermittently Financial Samurai as well. These financial bloggers pretty much just talk about their lives, how they spend their money, how much they save, and then all of them (except LenPenzo) left the workforce. Mr. Money Mustache is actually a closet environmentalist. He is probably the most popular of the FIRE bloggers. These bloggers all make money off their blogs through advertisements, links to financial planning services, links to credit card offers.

(more…)