Journal Membership 12-04-20

This is Journal Club 04/12/2020! 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!

  • I don't know if you've ever thought about it, but there are a surprising number of parallels between building wealth and raising children. This is exactly the subject covered in this current article of five years of FIRE Escape. The author breaks down every similarity into humorous details, and if you have kids, it ends up doing it much of the mind.
  • I've always found it very motivating to read about other people's travels – especially when presented by someone who can look back and break down their steps to success. in the This postThe medical philosopher does just that, but it also includes actionable steps you can take to get the most out of your own journey into financial freedom.
  • Many potential real estate investors spend a lot of time researching how much cash flow a rental property could generate. However, once you actually invest (which I highly recommend), many investors find that their profits are lower than expected. This article from Ideal REI presents unbiased facts about how much a new investor can realistically expect.
  • I already discussed the BRRRR method on this blog and it is an extremely effective way to generate residual income from real estate. in the This article from The Darwinian DoctorThe author takes you on his own BRRRR journey – and how he succeeded from his first investment.

That's it for this week! Hope Journal Club 12/04/20 has been helpful to you.

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

Journal Club 6/26/2020 Investor Club

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