Here's Journal Club 11-04-22! 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!
- As doctors or high-income earners, it might seem relatively easier to accumulate wealth at a faster pace or to achieve financial independence. After all, you need to make more money to save more of it, right? Then why do so many doctors find it challenging to build wealth? The Physician on FIRE explains the key reasons behind the issue and offers some valuable insight in the article – Six Reasons High Earners Fail to Get Rich.
- It’s no longer a secret that real estate investing can help you achieve your financial goals faster by generating steady income and building equity. In addition, real estate offers you a wide range of options to choose from, whether you wish to actively manage your rental properties, passively invest in real estate syndications, or invest in REITs, etc. According to the author of GoodEgg Investments, it’s essential to determine your financial objectives before you choose an approach that seems like a good fit for you. This author shares beneficial tips to help you get started in the article – Investing in Rental Properties vs. Passive Real Estate.
- You’ve probably heard the term “analysis paralysis,” but how about Choice Paralysis? According to the author of Senior Resident, this phenomenon occurs when we are given way too many options, and as a result, we struggle to come to a decision. Sound familiar? So, how do we overcome this obstacle? Is there an easier way to tackle this? Thankfully, there is a way, and the author talks more about it in the article – Choice Paralysis.
- As a beginner, investing in any deal or investment vehicle can feel scary and overwhelming because the fear of losing your hard-earned money is real. But as a new investor, it’s relatively easier to start investing in the stock market compared to some of the other investment tools, with proper due diligence, of course. So, if you’re interested in investing in stocks but aren’t quite sure where to begin, The Female Professional has a valuable resource for you in the article – 5 Easy Steps To Invest in Stocks As A Beginner.
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.