Journal Club 01-12-24 – Passive Income MD
Here’s Journal Club 01-12-24! 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 natural for retirement savings and work-related expenses to decrease post-retirement. But did you know there are several other expenses that might go up during retirement? Wondering what they are and how to plan your retirement to avoid financial difficulties? The Physician on FIRE shares valuable insights into budgeting during retirement in the article – 9 Expenses that Remain in Retirement.
- As you may already know, the real estate industry is in a turbulent state, from rising interest rates, increased cap rates, and high inflation to soaring insurance premiums and declining occupancy rates. However, despite these challenges, the R.E. Tipster suggests that the market downturns present opportunities for savvy investors. Further, the author encourages investors to play the long game while exercising caution in the post – Where Should Investors Be Scared of Falling Property Prices and Rents?
- Saving money is often easier said than done. For those who struggle with saving money, the author of Five Year FIRE Escape presents a fun challenge as a means to break bad financial habits and build the habit of saving regularly. The author also discusses helpful strategies such as automating the process, tracking your progress, involving your family, and more in the article – 11 Ways A Biweekly Money Saving Challenge Can Make Saving Fun Again.
- Did you know there are three different types of primary income that one could earn? The Debt-Free Doctor outlines them as earned income, passive income, and investment income, highlighting their unique characteristics and opportunities. Further, the author emphasizes understanding the distinctions between these income types to formulate a well-rounded financial strategy for achieving long-term financial stability in the post – Understanding Differences: Earned vs Passive vs Investment Income.
Read any interesting articles? We’d love it if you could please take a moment to share them in the comments below!
Thank you for reading and sharing,
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.