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Here’s Journal Club 4/30/21! 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!
We often hear about people retiring early and finally being financially independent. The idea of financial independence has spread so far and wide with the rise of the FIRE movement, that individuals retiring earlier than in previous years aren’t as surprising as it once was. If the FIRE movement appeals to you, then Mr. Money Mustache has an article that’s right up your alley. It covers how one man retired at the very young age of 27 through house hacking, and what you could learn from his three-year retirement hack.
Since we’re already on the topic of financial independence, I thought I would share this article from Four Pillar Freedom. According to most people in the personal finance community, you are “financially independent” once you have 25 times your annual expenses saved up, but that shouldn’t mean slaving away in a cubicle for the next 10-20 years of your life. In this article, you’ll read about an approach that can allow you to obtain financial freedom long before you have 25 times your annual salary saved up.
I hear a lot of people say over and over again 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 will put the “passive” back into passive income. So, if you’re fed up with being a landlord, this article is for you.
Speaking of investing in real estate, I’m truly taken aback by how many people think they are too young or too old to get invest in real estate. This mindset can (and does) cost many people and their families a lot of money. Financial Success MD debunks some of the most popular myths when it comes to investing in real estate. So if you’re worried you’re too old or young to get into the game, this article is for you.
That’s it for this week! I hope Journal Club 4/30/21 was helpful to you.
Lastly, here’s a little bit of motivation below. Enjoy and have a great weekend!