Journal Club 04-14-23

Here's Journal Club 04-14-23! 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!

• More often than not, the problem with owing significant amount in taxes could be your under-optimized way of living. You may try different techniques to lower your tax bill but not all strategies are created equal. To help you make a wise decision, The White Coat Investor shares what NOT to do to reduce your taxes in the article – The 15 Worst Tax Reduction Techniques.

• Regardless of whether or not you’re planning to retire early, a random thought of quitting your job may have crossed your mind at some point or another. It’s a valid thought and it essentially comes down to one question – how much money would you need to quit your job? The Banker on FIRE takes a closer look at the numbers and the timeline to achieve this milestone in the post – How To Lose Your Job In 10 Years.

• A doctor’s lounge can be a fascinating place to learn about new things in medicine but may not be the best place to improve your financial knowledge. Per The Prudent Plastic Surgeon, it’s easy to be swayed by misinformation gathered from such locations. Further, the author does a deep dive to uncover some of the financial theories in the article – Debunking 7 Financial Myths Overheard in the Doctors’ Lounge.

• As the Federal Reserve continues to raise the rates in the effort to cool down inflation, it may be tricky to understand what this means for you as investors. To help you interpret these high interest rates and their impact on the market, the author of GoodEgg Investments shares more about it in the article – The Reality Of High Interest Rates And What They Mean For You As A Passive Investor.

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