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026R | In today's podcast we discuss our takeaways from Episode 26 with Physician on FIRE plus some exciting developments in the Financial Independence world as well as feedback, questions and comments from the ChooseFI community. In Today\u2019s Podcast we cover: The Friday Roundup after the Physician on FIRE interview from Episode 26 Information for the high income professionals and how it\u2019s important to give details for that aspect of our audience Does the perfect answer exist for high income professionals pursuing FI? It might not be possible to defer enough money to get them out of that high marginal tax rate \u201cA dollar saved is two dollars earned in the 50% tax bracket.\u201d A brilliant quote from Physician on FIRE Everything comes down to living a frugal lifestyle \u201cDoesn\u2019t your spouse deserve a really great lifestyle?\u201d asked the White Coat Investor. \u201cWell yes, and she\u2019ll have one, but she deserves my time.\u201d Responds PoF. The fundamental flaw in the \u2018retirement calculators\u2019 that are published online for \u201cnormal people.\u201d Your current income is not relevant when considering your retirement number. It is all about your expenses. For new physicians, you need to avoid the blowup in spending on cars and expensive homes when you get that first big paycheck You need to keep your fixed expenses down to a manageable level and you can splurge at the margins on other things Don\u2019t fall into peer pressure to live an expensive lifestyle. Maybe move to a smaller town and practice geographic arbitrage in the US Brad\u2019s own geographic arbitrage in his life moving from Long Island to Richmond, VA Optimized charitable giving with a \u2018donor advised fund\u2019 Discussion of the \u2018backdoor Roth\u2019 that Physician on Fire mentioned on the episode and the applicability for high income earners A new Camp Mustache event was announced for January 2018 and the tickets are available The ChooseFI private Facebook group is running and extremely vibrant and we\u2019d love for you to join us Scott Rieckens contacted us about a documentary on the FI community that he is embarking on The FI community is on the verge of a breakthrough in the US Brad\u2019s mom is listening to the podcast and had a frugal win of the week Feedback from PastorFI: College hack for student housing Discussing the call from Mark from Student Loan Freedom from Episode 25R about permanent life insurance Feedback from about Ken\u2019s prior call about the ESPP from Olaf. He clarified the tax treatment on the purchase through the Employee Stock Purchase Plan Don\u2019t let paying taxes get in the way of making a smart financial decision Noah from Money Metagame\u2019s call about how to remove escrow to potentially save hundreds of dollars per year Part 5 of the case study with Paul including Paul\u2019s feedback on his daughter\u2019s college plans plus Paul\u2019s summary of the case study Frugal Wins of the Week from the ChooseFI Community Itunes Reviews of the Week and Book Winners Links from the show: Physician on Fire Frugalwoods article on Donor Advised Funds Camp Mustache tickets Join our private Facebook group Scott Rieckens website Mr. Money Mustache on the Tim Ferriss podcast Student Loan Freedom KeepThrifty.com Money Metagame Mutual Assurance Society of Virginia ToDoIst Early Retirement Now Google Docs from Big Ern at Early Retirement Now: Google Doc master file for Safe Withdrawal Rates Big Ern's explanation on how to use this file Doc with Paul's case study numbers with Social Security Doc with Paul's case study numbers without Social Security Fiery Millennials