Journal Club 9-3-21 | Passive income MD

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    Journal Club 9-3-21This is Journal Club 9/3/21! I stop every week JOURNAL CLUB. After filtering the articles on the web, I present some that have had an impact on my life this week. Be safe and stay healthy!


    • In real estate, you’ve probably heard the term “leverage” before. But what does it really mean? The author of Spark rental explains this concept in simpler terms and discusses the advantages of investing in real estate compared to other asset classes in the article, What is leverage in real estate?
    • Speaking of leverage in real estate, building the right team is often the first step in starting a successful business. Sometimes finding a business partner can be an added benefit for you as you can pool your knowledge and resources with other entrepreneurs. The author of Fortune Builder shares some important points to consider when looking for your next business partner in the article, 15 questions for a potential business partner.
    • Although the stock market has hit an all-time high, there are many risks associated with investing in the stock market. On the other hand, investing in real estate gives you a lot of flexibility in choosing your market, sub-market, asset class, tenants, etc. where you can adapt your strategy to market conditions. The author at Bigger pockets talks about taking smarter risks and managing significant investments through market research and more in the article, That’s why I’m so optimistic about real estate.
    • As doctors, you are used to giving a significant portion of your income to the IRS, but have you ever wondered how some wealthy people manage to pay so little in tax compared to their income? Did you know there are several methods you can use to lower your effective tax rate? The author of Young and the invested illuminates different ways to achieve this, be it your regular income or your passive income, in the article. How to increase your passive income and pay little to no taxes forever.

    That’s all for this week. I hope this week’s Journal Club has been helpful.

    Did you come across any interesting articles this week? Please share them in the comments below!

    Thanks for reading and sharing!

    Peter

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