Here's Journal Club 01-20-23! 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!
- When it comes to investing for your child’s education, the most common option picked by many parents is the 529 plan. There’s nothing wrong with it except that it may not be the most effective way to save for college… So, are there any other options? Fortunately, there’s more than one way to do it, and The White Coat Investor shares more about his preferred method of saving for college in the article – How to Use Real Estate to Pay for College.
- Are you familiar with a Donor Advised Fund (DAF)? The concept behind a DAF is to set up an account to transfer funds today, which can be utilized for charitable donations in the future. Per the author of Physician in Numbers, you can also invest this money to be able to donate higher than what you put aside. Now that’s something! Curious to learn more about a donor-advised fund and if this could be a beneficial strategy for you? The author covers more about it in the article – Doing Well By Doing Good: Setting Up a Donor Advised Fund at Fidelity.
- We’re all familiar with what a timeshare is but do you ever wonder why they have such a bad reputation? According to the author of Financial Success MD, timeshares could be a great resource for planning wallet-friendly vacations anywhere in the world. Further, the author clarifies some of the misinformation associated with timeshares by highlighting their many upsides and encourages us to reconsider investing in them in the article – Why Every Physician Should Own a Timeshare.
- How do you determine your financial well-being at any given point? Per the author of Cash Cow Couple, identifying your assets and liabilities will offer a clear picture of your financial health. In other words, it’ll help you calculate your net worth. But why is that important? And how do you track it? The answers to which you’ll find in the article – What is Your Net Worth and What Does it Mean?
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.