Create your very own Auto Publish News/Blog Site and Earn Passive Income in Just 4 Easy Steps
Here is Journal Club from 9/24/02! I keep one every week JOURNAL CLUB. After reviewing the articles on the internet, I present a few that have impacted my life this week. Take care of yourself and stay healthy!
- Did you know that both self-employed individuals and small business owners can contribute to an Individual Retirement Account (IRA)? The Physician on FIRE discusses two popular retirement plans that have key differences in eligibility, contribution methods and tax benefits for self-employed and small business owners. Curious to find out more? The author shares essential details in the article – SEP IRA vs. Simple IRA: Which Retirement Savings Plan is Right for You?
- The happiness and satisfaction you experience from paying off your massive student loans can be unparalleled. Many people pursue this goal tirelessly, dreaming of this day coming. If you're looking for inspiration to pay off your heavy student debt, Investing Doc shares his remarkable success story with paying off student loans quickly and provides useful tips for reaching this important milestone in the post “How I Paid Off $150,000.” For loans in 1.5 years.
- You are probably familiar with the concept of lifestyle creep. It is a common phenomenon for people to gradually increase their spending as their income increases, often justifying this as a necessity. According to the author of Five Year FIRE Escape, anyone can avoid lifestyle creep and maintain financial stability by pursuing a larger financial goal that motivates them to avoid unnecessary spending. Additionally, in the article “Lifestyle Creep – The Insidious Trap That Is Worse On Your Finances Than Inflation (And How To Avoid It),” the author provides helpful tips on building better money habits to avoid falling into the lifestyle inflation trap.
- When it comes to accelerated wealth creation, investing in real estate has always been one of the most efficient and effective strategies. However, it takes money to make money. So how do you invest in real estate when you're strapped for cash? The Debt-Free Doctor provides a comprehensive overview of a financial strategy that allows individuals to harness the power of real estate in the post “How to Invest in Real Estate with a 401k.”
Have you read any interesting articles? We would love if you could take a moment to share in the comments below!
Thank you for reading and sharing,
Peter
Disclaimer: The topic presented in this article is for general information and educational purposes. It is not a substitute for professional advice. Therefore, before taking any action, consult your team of experts.
Create your very own Auto Publish News/Blog Site and Earn Passive Income in Just 4 Easy Steps
