Journal Club 05-12-23

Here's Journal Club 05-12-23! 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!

• Many of us wish to become homeowners someday. And as you probably already know, buying a home is an enormous undertaking in addition to repaying those crushing amounts of student loans. So, if you’ve been thinking about home ownership but wondering how you’ll make this work? The White Coat Investor has helpful tips for you in the article – Building Wealth While Living in an Expensive Neighborhood.

• You may have heard this several times now that a backdoor Roth IRA is an excellent investment strategy for high-income earners. But in case you have any questions about the concept or how it really works, there’s good news! The Financial Success MD answers those questions and more in the post – Understanding the Backdoor Roth IRA.

• Investing in real estate can help you build long-term wealth and also help you achieve your financial goals faster. This is a well-known fact. So, if you’re pursuing financial independence and wondering how many properties would it take for you to get there? The Prudent Plastic Surgeon shares the math behind this fascinating question in the article – How Many Rental Properties Do You Need to Retire?

• How do you define Early Retirement? Is it safe to say you plan to leave the workforce before turning 60ish? However, that isn’t always the case and significantly differs from person to person. The author of Retire Before Dad has similar views and shares that pursuing early retirement shouldn’t be your ultimate goal but a pursuit of making wise financial decisions. Would you agree? On that note, the author shares more about the upsides of retiring early in the post – 8 Reasons to Pursue Early Retirement.

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