Journal Club 4-30-21 | Passive income MD

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This is Journal Club 04/30/21! 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!

We often hear of people who are taking early retirement and are ultimately financially independent. The idea of ​​financial independence has become so widespread with the rise of the FIRE movement that people who retire earlier than in previous years are no longer as surprising as they used to be. If the FIRE movement appeals to you, then Mr. Money Mustache has an item right down your alley. It’s about how a man retired from house hacking at the age of 27 and what you could learn from his three year retirement hacking.

Since we’re already on the topic of financial independence, I thought I’d share this article from Four pillars of freedom. According to most of the people in the personal finance community, once you have saved 25 times your annual expenses, you will be “financially independent”. However, this should not mean that you will be in a cubicle for the next 10 to 20 years of your life. In this articleYou’ll read about an approach that will allow you to gain financial freedom long before you’ve saved 25 times your annual salary.

I hear a lot of people keep saying how they think the only way (or the only profitable way) to invest in real estate is to become a landlord. Bigger pockets discusses an alternative to real estate (without having to clean toilets and deal with tenants) that converts the “passive” back into passive income. So if you’re tired of being a landlord This article is for you.

When I talk about real estate investing, I am really amazed at how many people think they are too young or too old to invest in real estate. This mindset can (and does) cost a lot of people and their families a lot of money. Financial success MD Debunking some of the most popular myths when it comes to real estate investing. So if you are concerned that you are too old or too young to get into the game, This article is for you.

That’s it for this week! Hope the Journal Club 04/30/21 has helped you.

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

Journal Club 6/26/20 Investor Club

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