Bank Failures? | PPhREI Network Roundup | 3-17-23

In this PPhREI Network Roundup, we hear about Carpe Diem FIRE, seller agents vs buyer agents, and the Silicon Bank failure.

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Carpe Diem MD

In this post, Dr. Cook reviews “Carpe Diem FIRE,” which is his take on the popular financial independence, retire early trend. I’m partial to “moFIRE,” which is financial independence defined by > $200k spending each year in retirement. He defines it more qualitatively as a level of financial independence that doesn’t require an alteration of your living standard prior to retirement.

If I think about my current level of spending, I find myself gravitating towards Dr. Cook’s definition more and more these days. Perhaps it’ll be necessary to redefine my FIRE goals soon.

For now, read the original post on the Carpe Diem MD blog: Carpe Diem FIRE

The Darwinian Doctor

This past week, I went over some real estate basics, including the buyer vs seller agent. I defined their roles and discussed if they’re even necessary for real estate deals. I also went over the elusive dual agent, and why it’s illegal in 8 states.

Catch the original post on the Darwinian Doctor blog: Buyer Agent vs. Seller Agent: What’s the Difference?

The Prudent Plastic Surgeon

In this post, Dr. Frey breaks down the events surrounding the collapse of Silicon Valley Bank, the venture capital darling of the last decade. The speed of this bank’s collapse is frightening and honestly I still haven’t processed the ripple effects this might have on banking in the US (or the world).

The failure of Signature Bank later in the weekend also sent a chill down my spine. Despite swift action by the Federal Reserve, there are signs of cracks all over the place. More to come on this for sure.

Read the original post explaining the bank failure on the Prudent Plastic Surgeon blog: Silicon Valley Bank Failure:  Extinction Level Event or Overreaction?

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