Journal Club 03-22-24 – Passive Income MD

Here’s Journal Club 03-22-24! 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!

Retirement planning is a long-term, dynamic process that keeps evolving with age. Per the Physician on FIRE, individuals under 50 envisioning retirement should focus on saving diligently. Individuals between 50 to 64 should refine their retirement goals and prioritize health and long-term care planning. Whereas, those who are beyond 65 should continue to review and adjust their retirement goals to ensure their portfolio stays aligned with their long-term needs. The author shares more tips and strategies to confidently navigate retirement in the article – Planning For Retirement at Any Age. Check it out.    

Studying market history can provide valuable insights into market volatility and market downturns. It can help investors have a more balanced perspective on the occurrence of bear markets and common market corrections. For that reason, the author of A Wealth Of Common Sense recommends adopting a more prudent and resilient approach to investing by focusing on long-term investment plans and acknowledging the inherent unpredictability of financial markets in the post – How Often Do Bear Markets Occur?

Living frugally is a powerful tool for achieving financial independence. It enables individuals to save and invest significantly while living below their means. However, it’s essential to continually review and refine the role of frugality in your life as your priorities shift and circumstances change. Per the author of Retire By 40, it’s important to find the right balance between exercising financial caution and indulging in life’s experiences, and the author offers valuable guidance in the article – When Can You Stop Being Frugal?

There comes a point in our career when almost everyone is consumed by thoughts of earning, saving, investing, and repeating. One Frugal Girl shares a similar experience; however, a shift occurred later in her career, which led her to choose a different path that offered unexpected opportunities. Curious to find out what changed? The author shares more about it in the post – Money Presents Opportunities You Aren’t Expecting.

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,

Peter