7 Financial Plan Changes | PPhREI Network Roundup | 7-7-2023

by The Darwinian Doctor

In this PPhREI Network Roundup, we discuss changes to Dr. Frey’s financial plan, a harrowing tale from Dr. Cook, and a warning about the amazing SBLOC.

This post may contain affiliate links.

Carpe Diem MD

In this post, Dr. Cook shared a personal story about a harrowing journey and brush with danger. It was a potent reminder for me that sometimes bad, random events can happen to good people. His family averted disaster in this tale, but that’s not always the case. He transformed what could have been a major accident into an opportunity for family memories.

For me, his story drives home the need to be careful and prepared, while still taking advantage of the joy of life right now.

Read the original post on the Carpe Diem MD blog: Check Your Nuts

The Darwinian Doctor

In this post, I discuss a powerful technique that the rich and wealthy use to benefit from their stocks without actually selling them. I’m talking about the SBLOC: security backed line of credit. It’s how Elon Musk can borrow millions or billions from his Tesla stocks without actually having to sell them and lose his control over the company.

As a current day addendum to this post, I’d mention that SBLOCs were a lot more appealing when interest rates were lower. Over the last year, we saw the borrowing expense steadily climb on our Schwab SBLOC. We decided to pay it off recently for this reason. If you take out an SBLOC at the time of the writing of this post, you’ll be paying almost 10% a year in financing charges. Pretty steep!

Read the original post on the Darwinian Doctor blog: Security Backed Line of Credit (SBLOC): Never Sell Stocks Again

The Prudent Plastic Surgeon

In the final roundup post, I read with interest about the 7 changes Dr. Frey plans to make in his investments for the remainder of 2023. He reviews his decisions with usual sound reasoning and extrapolation.

The changes that stood out to me include less of a focus on real estate, the timeline on his student loans, and his two fund investment strategy. With the rise of interest rates, the finance heavy world of real estate investing is indeed trickier. And as someone who still holds about $160k of student debt, I read enviously of the rapidly shortening timeline for Dr. Frey’s student loans.

Check out all his plans on the Prudent Plastic Surgeon blog: My 7 New Financial Plan Changes


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