Journal Membership 10-09-20

This is Journal Club 09/20/20! I hold one every week JOURNAL CLUB. After filtering through the articles on the web, I present some that have influenced my life this week. Be safe and stay healthy!

  • Have you ever thought of comparing your finances to the human life cycle? I sure don’t have it, but this article from XRAYVSN presents a very unique take on the financial journey. By comparing the financial “stages” with the stages of our lives (infant, young adult, middle age, etc.), it provides a compelling case for judging where you are and where you want to be.
  • In this article The Physician Philosopher describes something called an “error of arrival”. It’s really a general thought, “When I achieve something [insert distant goal]I will finally be satisfied. “For doctors, the author says, we put happiness into the future – be it residency, career advancement, or retirement. If you avoid the arrival mistake, you can be happier now and accomplish those goals sooner than you thought.
  • One thing that can really get in the way of a person’s path to financial freedom is a tight mindset. As the Debt Free Doctor describes in this articleWe often learn this way of thinking as children, even though as adults we learn to “live within our means”. This article shows how this can actually be a problem and how you can teach your kids something else. Even if you don’t have children, this is good read.
  • Can financial success be reduced to a few simple habits? The prudent plastic surgeon makes a very good argument that yes it can. In this articleThe author describes his own daily habits and how his life – both financially and personally – has been affected since he began to incorporate them. Even if you have a routine, this article is a great extra motivator.

That’s it for this week! Hope Journal Club 10/09/20 has been helpful to you.

Finally, a little motivation. Have fun and a nice weekend!

Journal Club 6/26/20 Investor Club

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