Journal Club 04-07-23

Here's Journal Club 04-07-23! 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!

• Forming a new habit or breaking out of the old one takes time and practice. The Physician on FIRE talks about one such pattern that can be challenging to pick up or let go of and could cause an emotional response in the process… Curious to find out what this habit could be? The author shares more about it in the article – The Joy of Spending My Money Guilt-Free.

• As high-income earners, taxes are undoubtedly one of our most significant and long-standing liabilities. Therefore, it’s a no-brainer to thoroughly understand and stay up-to-date on the current tax brackets for the year. On that note, the Financial Samurai shares helpful guidance on spending his most valuable asset and building a tax-efficient income plan in the post – 2023 Tax Brackets: The Best Income To Live A Great Life.

• Investing in short-term rentals was all the rage until a few years ago. But given the high-interest rates, growing inflation, and market uncertainty, does it still make sense to continue investing in short-term rentals? That’s a fair question.. The Semi-Retired MD answers that question and more in the article – Should You Buy A Short-Term Rental? Don’t Let Emotions Decide For You.

• Have you heard this famous saying by Warren Buffet – “If you don’t find a way to make money while you sleep, you will work until you die?” In other words, creating passive income streams is the key to achieving financial independence. The Debt-Free Doctor firmly believes this philosophy and highlights the power of earning passive income in the article – Passive Income vs Active Income: The Ultimate Showdown.

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