Here's Journal Club 09-02-22! 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!
- Why do so many doctors start investing later in their careers? What is their biggest obstacle? Repaying their crushing student loans, perhaps? If so, is it possible for doctors to start investing one or two decades earlier in their career, just like their peers? The White Coat Investor explains that it may be challenging to think of investing when your net worth is in the negative. But there are plenty of ways to use the magic of compound interest to your advantage as a high-income earner, and shares beneficial tips for building wealth in the article – 8 Reasons Why Doctors Are Lousy Investors and How to Overcome Them.
- The idea of retirement differs from person to person. Some believe in saving every penny and retiring as soon as they can, while some choose to spend as they go, never thinking about retiring. However, most of us fall somewhere in between these two scenarios. To which, the author of Financial Success MD encourages us to view retirement as a point in our lives and not as the end goal. Further, the author discusses the importance of thinking ahead for living a rewarding life in the article – The Crucial Importance of Planning a Retirement Date to Maximize Lifetime Happiness.
- For most, receiving a large sum of money at once can be both exciting and overwhelming at the same time. What's your go-to strategy to handle a lump sum of cash? According to The Female Money Doctor, there are different ways to approach this and shares helpful tips to make a wise financial decision that can pay off in the long run in the article – What's The Best Thing To Do With A Lump Sum Of Cash?
- Investing your hard-earned money can be scary, especially if you’re new to investing. In addition, the plethora of investment options available today can further add to your confusion. So, where do you begin? The Finance Twins take a closer look at one of the easiest and most effective investment options to pursue in the article – How To Pick Low Cost Index Funds
That's all for this week! I hope this week's journal club was helpful.
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.