Journal Club 10-27-23

Here's Journal Club 10-27-23! 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!

• Most people prioritize saving for their children's college expenses over their own retirement. Why is that the case, and should you be doing that? The White Coat Investor addresses this common tendency and shares several reasons to strike a balance between supporting children's education and securing one's own financial future in the article – 7 Reasons to Prioritize Retirement Savings over College Savings.

• Investing in the stock market doesn't have to be hard or complicated. You can reap the benefits of investing in financial markets through simple and effective strategies. On that note, the Wall Street Physician offers guidance on building a diversified index fund portfolio that doesn't require an extensive financial background in the post – Building a Vanguard Three-Fund Portfolio (Or Other Simple Index Fund Portfolios).

• There's no doubt that attaining financial stability can bring a fundamental shift in how you think about money. Many people find themselves prioritizing meaningful experiences over material possessions. The Irrelevant Investor makes this key observation and encourages us to find the fine line between saving for the future and enjoying the present moment in the article –  How You Feel About Money Changes Over Time.

• There is an abundance of financial advice and information available at our fingertips today. In addition to the lack of formal education on personal finances, this is one of the primary reasons why many doctors find it challenging to follow even the basic financial principles. And as a result, they feel overwhelmed or unmotivated to manage their own finances. To effectively overcome this obstacle, The Finance Twins encourage us to keep an open mind and seek financial assistance to better manage and benefit from the financial guidance in the post – When Does It Make Sense To Have A Financial Advisor?

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