Journal Club 3-25-22
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Here's Journal Club 3/25/22! 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 high-income earners, are you tired of forking over your hard-earned dollars to the IRS every tax season and are wondering how you could keep more of what you make? Well, there’s good news, The White Coat Investor shares case studies to demonstrate How the Wealthy Can Avoid Paying High Taxes. Check it out!
- Many real estate investors would agree that investing in short-term or vacation rentals is a great way to make money. However, very few pause to think if they really have what it takes to invest and manage vacation rentals successfully. Semi-Retired MD urges you to carefully consider your decision before investing your hard-earned money in vacation rentals, and shares key points for you to thrive as a vacation rental owner in the article – Do You Have the Right Mindset to Invest in a Vacation Rental?
- Are you familiar with the term – sequence of returns risk? It refers to the “risk of receiving lower or negative returns when withdrawing from an investment portfolio.” According to the author of Financial Samurai, if you wish to retire someday, you should be aware of the sequence of returns risk. The author shares his recommendations and talks more about the topic in the article – Sequence Of Returns Risk And How It Affects Your Retirement.
- The decision to pursue financial independence and early retirement is personal and varies from person to person. Per the author of Retire Before Dad, “the financial independence number is a generally accepted rule of thumb, and not a mathematical certainty.” Why is that, and what does that mean? The answer to which you’ll find in the article – With FIRE in My Hands. Here the author shares an interesting perspective by leveraging financial independence to create something meaningful and rewarding.
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.