Journal Club 08-04-23 – Passive Income MD

Here’s Journal Club 08-04-23! Every week, I hold a JOURNAL CLUB. After filtering through the articles on the web, I present a few that impacted my life this week. Be safe and stay well!

More often than not, we are advised to max out our retirement accounts before considering any other type of investment. Why do you think that is the case? And does this investment advice really work for everyone? To offer some guidance,  The White Coat Investor shares one such story that emphasizes the importance of planning and retuning your finances periodically to achieve not just your long-term goals but also effectively manage your immediate financial responsibilities in the article – With Our Expanding Family, We’ve Had to Break Our Financial Plan – Twice.

It’s no secret that investing in real estate can provide long-term financial stability in addition to the rewards in the form of cash distributions. However, it’s vital to understand that not all investments are alike, and the financial returns may vary significantly. Per the Financial Samurai, the key to utilizing one’s money is to find a balance between investing for the future and living a fulfilling life. On that note, the author shares valuable takeaways from his years of real estate investing in the post – Private Real Estate Investing: Seven Takeaways After Seven Years.

Surely you’re familiar with the saying, “you can’t improve something you don’t measure.” Well, in the world of personal finance, it translates to regularly monitoring your investment portfolio and ensuring it is in alignment with your desired asset allocation. To that end, The Prudent Plastic Surgeon reflects on the significance of rebalancing his investments and the lessons he learned along the way in the article – My Investment Portfolio Playing Tricks On Me.

Investing in cash-flowing rentals is widely considered as one of the most efficient ways to attain financial freedom, and for good reason! This investment strategy is particularly well-suited for doctors and other high-income professionals for a whole bunch of reasons. So, if you’re looking for creative ways to invest your hard-earned dollars and wondering if this is a right fit for you, the Semi-Retired MD shares helpful tips in the post – Real Estate Investing: A Powerful Vehicle For Achieving Financial Freedom. 

Read any interesting articles? We’d love it if you could please take a moment to share them in the comments below!

Thank you for reading and sharing,

Peter

Disclaimer: The topic presented in this article is provided as general information and for educational purposes. It is not a substitute for professional advice. Accordingly, before taking action, consult with your team of professionals.

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