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Here's Journal Club 4/09/21! 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!
- It’s great to talk about financial freedom and the lifestyle it represents, but for some people out there, the things that make the most sense are cold, hard numbers. If that appeals to you, then Physician on Fire has a post that’ll be right up your alley. It covers what the two authors call “the 1% rule,” and how it applies to spending. It’s well worth the read.
- Speaking of spending, if you’ve ever had to save up to buy a house or to pay down a large amount of debt, you know the feeling of intense frugality. There’s nothing wrong with that, but interestingly, that sense of frugality often persists long into financial freedom. In this post, The Physician Philosopher breaks down why that is, and why it’s a good–and bad–thing.
- Investors purchase rental properties for many different reasons, but one of the main ones, of course, is added income. According to Semi-Retired MD, though, many people purchase these properties with a slight misguidance. In this post, he sums up why cashflow is the most important reason to choose a property–and why cash really is king.
- Have you ever stopped to think about how much your day job is worth to you? It seems like a strange question, to be sure. In this post from Smart Money MD, the author asks that very question, while also posing another thought: how much income would your day job need to provide in order for you to not seek out additional sources of income? That’s it for this week! I hope Journal Club 4/9/21 was helpful to you.Lastly, here's a little bit of motivation below. Enjoy and have a great weekend!
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.