Here's Journal Club 01-19-24! 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!
- Physicians in the US enjoy various financial advantages compared to their international peers, such as higher compensation, the power of the US dollar, diverse financial products, premium travel benefits, etc. To that end, The White Coat Investor reminds us to acknowledge these privileges and make informed financial decisions to capitalize on these opportunities in the article – Why American White Coat Investors Should Count Their Blessings.
- The pursuit of Financial Independence Retire Early (FIRE) may come with several financial challenges, such as higher taxes, potential wealth taxes, and other non-monetary difficulties like gaining support from others. However, pursuing FIRE has a significant advantage that allows us to gain control over life and live it on our own terms. On that note, the Banker on FIRE encourages us to be intentional with our spending and design a life that's true to us in the post – Why FIRE isn’t Fair.
- By now, you're probably familiar with the traditional methods of real estate investing, such as flipping houses, long-term rentals, short-term vacation rentals, etc. Per the author of Spark Rental, the key to success in real estate investing is not finding the “perfect niche” but discovering the one that best aligns with your goals and objectives. The author suggests diversifying across various investment instruments and discusses investment opportunities that lie beyond the conventional models in the article – 10 Profitable Real Estate Investing Niches You Haven’t Tried.
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,
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.