Journal Membership 12/18/20

This is Journal Club 12/18/20! 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!

  • If you own rental properties and are also making payments for your own home, deciding which to pay off first is a common dilemma. In this article by Financial Success MDThe author gives some great reasons why you should focus on one mortgage at a time and how to decide which one to go for first.
  • When it comes to their financial lives, some people stick with budgeting. Others prefer a simpler approach: pay “yourself” first. This is the subject of This great article from The Physician Philosopherand it covers not only an easier alternative to budgeting, but also how to automate the whole process.
  • This year has shown us more than ever how problematic it can be to rely on a single source of income. As we head into 2021, this Semi-Retired MD article gives us some great reasons to focus (or continue to focus) on creating as much passive income streams as possible – especially through rental properties.
  • The FIRE (Financial Independence, Retire Early) movement has become increasingly popular in recent years. I am happy to say I achieved this goal after years of work and that is why I am a great lawyer. But there is a lot of misunderstanding about the process. This Fire and Wide article breaks them down and presents realistic expectations rather than the all-too-common romance.

That’s it for this week! Hope the Journal Club 12/18/20 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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