Journal Club 12-22-23 - Passive Income MD

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Journal Club 12-22-2023

Journal Club 12-22-23

December 22, 2023 • 3 Min Read

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Here's Journal Club 12-22-23! 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!


  • Discretionary income is the money that remains after taking care of fixed expenses and financial obligations. It allows individuals to choose how to use it, whether for personal enjoyment, investment, or charitable contributions. Per The White Coat Investor, it's particularly relevant for physicians, especially those with student loans. Further, the author discusses several tips and strategies in the article –  What is Discretionary Income?
  • They say patience is a virtue, and it's exceptionally essential when it comes to investing. On that note, the author of Retire Before Dad shares their personal experience on long-term investing and its impressive returns over the years by adopting a patient and passive investment approach. The author also stresses the importance of leveraging the power of compounding by investing consistently in “simple, less active, and potentially boring investments to minimize risk” in the post – Long-Term Investing in an Impatient World.
  • There's an enormous financial disparity among the different age groups in the United States, understandably so. This gap gets more significant when stacked against those who invest in real estate, as real estate investing is an efficient way to fast-track your journey to financial freedom by accumulating wealth at an accelerated pace. It is often the common thread found among the affluent. The author of Spark Rental provides a glimpse into income and net worth disparities by age in the United States, underlining the importance of wealth accumulation for financial independence in the article – Median Net Worth, Income and Real Estate Ownership by Age & Percentile.
  • Determining the ideal real rate of return for retirement planning involves a degree of uncertainty. While historical data can provide valuable insights, it's crucial to remember that the future remains unpredictable. Although the real returns for stocks have been relatively stable over time, there are various factors that can influence future returns. The author of A Wealth of Common Sense makes this critical observation and emphasizes the importance of setting reasonable expectations for investment returns when planning for retirement in the post – What Returns Should You Expect in the Stock Market?

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

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.

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