Journal Club 06-16-23 – Passive Income MD

Journal Club here 06-16-23! Every week, I put one Journal Club. After filtering articles on the web, I am presenting a few that impacted my life this week Stay safe and stay well!

• Ever wonder how millionaires accumulate and grow their wealth? Do they hide it in hidden places or invest it in different assets? After all, understanding the financial habits of wealthy people can give us valuable insight into our own financial well-being. do you agree On that note, The Fire doctor Millionaires share various strategies to protect and expand their fortunes in the article – Where do millionaires keep their money? [It’s Not Where You Think].

• Investing in short-term rentals is considered an excellent investment strategy among investors mainly because of the cash-on-cash returns and potential property appreciation. But did you know that it offers several ways to reduce your tax burden and encourage long-term wealth creation? If you are looking for some ideas, Real Estate CPA The post shares various tax planning strategies – How do I use short-term rentals to reduce taxes on my W-2 income?

• Are you familiar with the concept of “big rock”? Simply put, it is a method of prioritizing the different things and values ​​in your life. To the author Cut through the chaos, this approach can be applied to increase your productivity and your overall life choices. And by doing so, you can build a more fulfilling life. Interested in learning more? The author shares more about this in the article – What is your big rock?

• We live in a world surrounded by technological advances and luxury temptations, making it difficult to choose to live frugally or give in to our desires. And these decisions are especially challenging when you’re pursuing financial freedom. So, how do you manage the complexities of consumption while living responsibly? Mr. Money Mustache The post has answers to those questions and more – Frugal Person Buys $52,000 Car – Why??

Read any interesting articles? We’d love it if you could take a moment to share them in the comments below!

Thank you for reading and sharing,

peter

Disclaimer: The topics presented in this article are provided as general information and for educational purposes. It is not a substitute for professional advice. Accordingly, before taking action, consult your team of professionals.