Journal Club 01-27-23
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Here's Journal Club 01-27-23! 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!
- We’ve all heard about the 4% safe withdrawal rate. But did you know there’s also a rule of thumb for spending on luxury? Are you curious to find out what it means to spend on luxury and how it affects your lifestyle? The Physician on FIRE has answers to your questions in the article – The 1% Rule for Spending on Luxury: Live it Up and Still Achieve FIRE.
- As doctors, we graduate with enormous amounts of debt that we need to start repaying from day one. Some choose to pay down this debt as early and aggressively as possible, while others prefer to manage it over a prolonged period. Neither option is right or wrong. It’s a matter of personal choice. According to the FIT Advisors, there are several other ways to tackle your student debt, and they share more about it in the article – Strategies for Paying Off Your Student Loans: Which is Right for You?
- As investors, it’s in your best interest to learn about different investment platforms and financial tools available out there to assist you. These can not only help you track your investments but also fine-tune them periodically to stay in line with your financial objectives. On that note, the author of Think. Save. Retire. shares their recommendations in the article – Our 5 Favorite Platforms for Building Wealth.
- In case you own a private practice, the idea of selling a portion of your practice to private equity may have crossed your mind at some point. Are you still wondering if this could be a good deal for you? The Investing Doc shares his perspective on the subject and offers valuable guidance in the article – Why I Have Not Sold To Private Equity.
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.