Journal Club 4-18-19

Every other week, I hold a JOURNAL CLUB. After manually filtering through the millions of articles out there on the web, I present a few that impacted my life this month.

Here’s our Journal Club for the week, enjoy!

• Do you have a comprehensive financial plan? No? You really should even if you go at it alone. Physician on FIRE describes what you should know in order to crystallize your financial philosophy and work on your goals.

• You've bought a house and it turned out to be the worst financial decision you've ever made. Or, maybe you're not quite at that realization. Dads Making Sense shares a personal account of the worst situation to be in when you're in the home buying process.

• Comparing your investment returns with others (especially on the internet) isn't the brightest of ideas. The more we invest, the more competitive the “game” gets and while that happens, we're comparing very skewed results with very skewed circumstances. Wall Street Physician shares the reasoning behind why this is true.

• One of the most important factors of personal finance is how much you're paying to live where you do. Millionaire Doc explains how this is both a good and bad thing when considering staying in an HCOLA.

• Working with your spouse has its pros and cons. If you've done it before, or are doing it, you realize how difficult it is to make the sail smooth. However, those who ride the waves and break through the rift, come out even more empowered as a couple in business together. Semi-Retired MD shares how they were able to make the last 7 years as productive and successful, as a unit, as possible.

• In this 7th extension of an 8-part series, we learn about the connection between social life and a financial one. This post on The Simple Dollar creates a perspective around the significance of your circle and the influence you work hard toward having.

• Timing is everything? Why yes, yes it is. When it comes to making decisions about your money, the time of day can have a bigger impact on the results you experience. Afford Anything's, Paula Pant, discusses this theory with its originator, Daniel Pink.

• As much as we want to face or avoid a recession, one thing is true. It's a matter of when and what we can do to be ready. This personal economic prediction on Bigger Pockets is equipped with a few tips to help us prepare for the future.

A little bit of motivation below. Enjoy and have a great weekend!