Here's Journal Club 11-10-23! 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!
- For those who recently started earning a significant income after completing years of education and training, it's natural to wonder whether to pay off those student loans or start investing. The answer to this depends on several factors, such as loan interest rates, investment returns, tax considerations, financial goals, etc. To help you make this crucial decision, The White Coat Investor offers a comprehensive framework to prioritize your financial choices in the article – Should I Payoff Student Loans or Invest?
- From the outside, it may seem like landlords make easy profits through their rental properties. However, as real estate investors, it's imperative that we thoroughly understand the hard work and the challenges associated with being a landlord. It's a more hands-on approach to building wealth in real estate. If you're wondering whether becoming a landlord is a good fit for you, R.E. Tipster shares valuable guidance in the post – The Hidden Costs of Being a Landlord: Debunking the Passive Income Myth.
- If you're on your journey to financial freedom, it's always encouraging and beneficial to seek from those who have already accomplished this significant milestone. On that note, the author of GoodEgg Investments shares helpful insights and key takeaways from their personal finance journey that enabled them to outline a more holistic approach to building wealth through real estate in the article – Achieving Financial Freedom in 2023: How to Be Financially Free.
- Whether to pay off a home mortgage with a low interest rate or invest the money instead is a highly debated topic. Per the Financial Success MD, focusing solely on the interest rate can lead to misguided decisions. The decision to pay off a mortgage or invest involves variables that are beyond interest rates. So, what are these factors that need to be considered? The answers to which you'll find in the post – Yes, You Should Pay Off That 3% Home Mortgage.
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.