FISE – Page 2 – Dr. Plastic Picker
 

Tag: FISE

Gardening is a great way to establish a sense of progression.

It is the 5th week of essential lock-down for our family. We started social distancing prior to the general order in California and our city. I had been following the COVID-19 MD Facebook groups closely. Before most were social distancing, we had cancelled our early March vacation and cancelled Mr. Plastic Picker’s parents trip to New York. Thank goodness, as New York is now the epicenter of COVID-19. California has done remarkably well, but even with hundres of thousands of cases averted and thousands of deaths prevented – we have many dissenters. Probably there are not many, but they are taking up a sizeable share of the blogsphere. I had a high school friend post on facebook COVID-19 misinformation. I replied but didn’t have the energy to have a prolonged facebook discussion. I ended it with let’s just be grateful that we in California are doing okay.

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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.

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The only time Mr. Money Mustache accepted one of my comments. This was one of hundreds of comments. I had just had my blog accepted on KevinMD and COVID-19 and social distancing, and used some of the same phrasing. MMM blog is one of the more popular FIRE blogs and he has a devout following, which kind of scares me.

March 24, 2020

by drplasticpicker

One of the bright spots of becoming Dr. Plastic Picker is since I have my own blog and a catchy internet handle, I can comment on some personal finance blogs that I have been reading for over a decade. When I was a young resident taking NICU call, I would look around me and analyze people’s financial lives. I realized that these super smart physicians that were training me were not as well-versed in personal finance. Some of the smartest ones went over to the dark side and sold their souls to pharmaceutical companies. You see, I am the daughter of an accountant and successful small-business owner. I absorbed my attending physicians’ lessons regarding medicine, but disregarded much of what they said about finances or real estate. Except Dr. Young-Ho Yoon, who advised me to start my Roth IRA https://drplasticpicker.com/dr-young-ho-yoon-pediatrian-and-environmentalist-1/. That guy is smart with his money.

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January 19, 2020

by drplasticpicker

It annoys me to no end when physicians (MDs an DOs) try to profit off other physicians that are lower than them on the training totem pole. Usually these physicians are trying to get out of doing real clinical work, and want to sit there and pontificate at meetings or attend conferences. So @drplasticpicker will now branch out of my environmentalism and talk about the state of student debt and financial health of MDs. Because if MDs are Financially Independent, than they can Save the Earth (FISE) – like drplasticpicker.

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My “Trashy” bird project. It’s not turning out as well as the Trashy whale in Blue. I probably need to work on it more. Maybe the Instagram deactivation is meant to be?

January 1, 2020

by drplasticpicker

I was having too much fun on Instagram. I was up to almost 200 followers and then my account was deactivated because I violated some rules. I’m pretty sure it was because the word I was trying to write for Korean New Year’s soup is maybe a bad word to someone. I don’t know. I haven’t learned how to type in Korean and Vietnamese on the internet yet. It’s on my to-do list for 2020, along with saving the earth. I’m just a middle-aged pediatrician trying to pick up trash! Anyway, I’ve emailed back the Instagram team and we’ll see what happens.

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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.

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