Journal Club 06-30-23

Here's Journal Club 06-30-23! 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!

• By now, most of us are familiar with the concept of FIRE or Financial Independence, Retire Early. Many of us are on the path to attaining it as well. However, when it comes to explaining this concept to someone new, we often find ourselves struggling to articulate our new lifestyle and how it works. For that reason, the Physician on FIRE provides a comprehensive overview of the FIRE movement to effectively explain its possibilities to our community in the article –  The Basics of FIRE. Check it out.

• It's no secret that the path to financial freedom lies in saving a significant portion of your income and channeling it into various investment vehicles. Per the Live Free MD, the process of growing your net worth may seem slow and daunting at first, but over time you'll be able to witness a remarkable transformation. After all, it takes money to make money, right? Further, the author explains an important concept to stay the course and enjoy the fruits of your labor in the post – The Land of Critical Mass.

• The concept of positive thinking isn't new and needs no introduction. We are often advised to focus on our positive thoughts to overcome our obstacles and accomplish anything good. However, The Prudent Plastic Surgeon has a different view on the subject and noticed a major shift by harnessing a counter-intuitive idea. Curious to find out what that could be? The author shares more about it in the article – The Power of Negative Thinking in Personal Finance.

• Receiving a well-deserved raise at work is a wonderful feeling, and it's only natural to feel the urge to celebrate and indulge in luxurious temptations. But more often than not, we are advised to stay away from making any large splurges. Why is that? Per the author Of Dollars And Data, it could be satisfying to enjoy the rewards of your hard work while also securing your future. And the author shares helpful tips to accomplish this in the post – How Much Lifestyle Creep is Okay? [The Definitive Guide].

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