Hump Day June 7th, 2017

What is hump day? It’s Wednesday. The hump to your work week. 2 days down and 2 days to go. On hump days I will be sharing articles, videos, or other form of entertainment. It will include links to other posts I have liked throughout the week. Some are parenting articles, others are personal finance ones, and occasionally there will be a random funny article. Enjoy!

On this date

Mahatma Gandhi performed his first act of civil disobedience on this day in 1893. He was 24 at the time. Not a bad start. He had moved to South Africa and served as a lawyer. There he was discriminated against for being Indian. He was asked to get in the back of a train, beaten by police, ordered to remove his turban in court (which he refused to do). One of his first political movements was in trying to prevent a bill passing that denied Indians a vote. He failed, but it was successful to draw attention to the issues. For more, check out Gandhi’s Wikipedia page which is the source for most of the above.

Of course Gandhi became famous for his non-violent civil disobedience. He was not the first to use it, but one of the most effective proponents of it. Fighting for Indian independence from the British (which was successful) and Indian unification (which was unsuccessful with the formation of Pakistan) while inspiring millions and still today inspires people in their forms of protest. Civil disobedience allows for otherwise disenfranchised and impoverished people to have a voice and for this we can all be grateful.

 

A young Gandhi

Hump day articles

This week was full of great articles. It is like the personal finance community was on FIRE. Or maybe they are just happy summer is finally here. All the mid-western and northerners are thawing from the winter and ready to play outside. Here in California, the rains have stopped and California sunshine has arrived. So here is my round up for the week.

First off at Budget Peace there is a great article about living in “the wild”. I think for me the idea of reaching FI is so I can live “wild”. No job routine, no worry about finances. If I want to leave and travel with my family for a month, then I can. No boundaries. Just wilderness. This article pretty much sums it up and gives good ideas on how we can all get there.

Next up, The White Coat Investor discusses what his secret weapon is and how you to can deploy it. Basically it is spending less money, which we tried last month. It works and does make life easier to retire early.

Another great post by Physician on Fire, actually a guest post from High Income Parents about being a smart, stock picker. Even if you think you are a hot shot, at the end of the day the dollar per time benefit of just putting money into an index fund is hard to argue with (vs picking your own stocks). Read more here. Much like blogging, active trading is heavy on time and low on profit.

Keep thrifty covers whether renting versus buying is better for financial independence. For me, I think renting would be better as my current home has been a money pit. Take a look and let me know what you think. In the same light, Distilled Dollar discusses how much house you really can afford. If you ask me, the less the better…if your goal really is financial independence.

Finally, a great post from Michelle of Making sense of cents where she discusses the cultural expectations in her relationship. Few people believe she is the breadwinner and I am sure it can be frustrating. It must be quite exhausting to explain and as a cousin, husband, and brother-in-law to some seriously hard working women, I find it sad but true. Society still expects the man to be the head of household.

Hump day parenting

Ok, so the parenting articles have been thin on these round ups, but I loved this one from Fatherly. Here Patrick Coleman discusses why he is his wife’s hype man. Guys, for those of you who have stay at home wives, it is important to be super supportive. I often think of this article when something is going on at home so I remember to be supportive.

Final Thoughts

Summer is here. Congrats all of you parents that have to find something for your kids to do between now and August! Summer camps are fun, but don’t you wish you didn’t have to work and could just take a 2 month hiatus. Travel the country or do some cool home staycation events.

I actually was a summer babysitter once. It was the summer between college and starting medical school in Washington, DC. I watched 4 boys between the ages of 7 to 12. I would wake up, put on my swim trunks and take the Metro to the parent’s home. It was my first taste of freedom. I would watch all these people in suits going to work and here I was in my swimming suit.

We spent the days swimming, hiking, biking, and visiting the free museums that DC has to offer. It is amazing none of them were seriously injured. Would I do it again? Yes, of course. It was awesome.

So imagine what you would do if you could have a summer too. Some of my teacher friends indeed do have the summer off. Sadly for me, by the time I am financially independent, my kid will be in school and we will be fighting for the vacation time in the summer with my other colleagues.

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Also published on Medium.

DadsDollarsDebts

I am a Dad and Doctor trying to find financial freedom by owning my dollars and debts. Helping dads with their finances so they can focus on the family.

10 thoughts on “Hump Day June 7th, 2017

  • June 7, 2017 at 10:47 am
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    You got me with the secret weapon article. I thought for sure there was some get rich quick scheme that I just hadn’t heard of yet 😉

    Reply
    • June 7, 2017 at 8:47 pm
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      Ha ha…nope. It is all the same simple stuff. Spend less, save more, wait 10 to 25 years. Retire.

      Reply
  • June 7, 2017 at 7:44 am
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    I have never worked as a babysitter before. I’ve actually thought about it recently, but I’m scared someone would sue me if something happened to their kids while I’m watching them. -_-

    On another note, I’m also SUPER excited for the summer. It’s getting hotter in DC. It’s going to be in the 90s later this week. I’m not excited about the heat. But I’m looking forward to summer activities (i.e. picnic and travel!

    Reply
    • June 7, 2017 at 8:47 pm
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      I absolutely love DC, but yes the humidity is brutal. Enjoy and go out to the beach and some of the local hikes.

      As for babysitting, at 21 the last thing I worried about was getting sued. How times have changed.

      Reply
  • June 7, 2017 at 5:54 am
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    I spent a couple summers baby sitting my little brothers so my parents could go to work.
    By the end of those summers I could build a pillow fort out of couch cushions like nobody’s business. Thanks for reading and mentioning the guest post at PoF.

    Reply
    • June 7, 2017 at 8:46 pm
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      As a HIP Parent (that is redundant- high income parent parent) you must be using those skills all the time now!

      Reply
  • June 7, 2017 at 5:46 am
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    I was a summer babysitter between college and med school, too. I took care of a 9-month old for a few hours a day at a rate of $3 an hour. I probably spent more on gas to drive out to the burbs and back than I actually earned, but I was helping out a friend.

    Thanks for the mention, and Happy Hump Day!
    -PoF

    Reply
    • June 7, 2017 at 8:45 pm
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      I hope to have added 2 views to your 3500 this month! It is an awesome job to have if you can get it. I think for men, it is harder to find baby sitting gigs. A 9 month old is definitely different then the age groups I was taking care of but kudos to you for helping out when needed.

      Reply
    • June 7, 2017 at 8:44 pm
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      Ha ha. Thanks Mrs. Picky Pincher. I feel like my email is getting filled with blogs these days. I love it though. Nothing wrong with free reading materials!

      Reply

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