Journal Club 7-31-20

Here's Journal Club 7-31-20! 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!

QUICK ANNOUNCEMENT

Our waitlist sale for Passive Real Estate Academy is now open! That means you're able to get an exclusive $200 discount from now until 8/2 @ 11:59pm PT. Find out more.

• In 2020, many physicians and their patients had their first experiences with telemedicine. As the pandemic closed clinics and vulnerable patients stayed home, telehealth solutions were implemented at a much more rapid pace than ever before. Physician on FIRE explains how telemedicine can save you, your patients, and your practice money.

• Many people incorrectly believe that there’s something powerful about investing as early as possible. But the real deal with investing comes in the later years instead of the early years. Instead, focus on growing your income when you’re just starting out. Four Pillar Freedom explains the biggest misunderstanding with compound interest, as well as realistic ways to earn more income earlier on.

• Semi-Retired MD recently shared a blog on what to look for in your accountant, and whether or not he should be “real estate savvy,” especially if you're an active real estate investor. Here's what you should consider when hiring a tax accountant for your real estate business.

• There are many types of passive income, and each person gravitates toward something different. For me, it's passive income through real estate investing, for the most part. For you, it might be something else! Everyone has their own take and opinion on what works best for them. Financial Samurai shares ranked list of what he believes are the best passive income investments. Check it out!

Lastly, here's a little bit of motivation below. Enjoy and have a great weekend!