Here's Journal Club 04-12-24! 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! Understanding the nuances surrounding Roth investments such as Backdoor Roth IRAs, Mega Backdoor Roth contributions, and Roth conversions within retirement accounts like 401(k)s can be complex. To address common questions around strategy timing, financial milestones, and more, The White Coat Investor discusses all things Roth in the article – Roth IRAs, Conversions, and Backdoor Contributions. Check it out! Ma ..read more

When we say robots, we think of two kinds; a rusty giant that can only follow simple commands, like cleaning trash or lifting construction materials, and a very modern smart robot that will make you question existence. Right now we're witnessing the latter, an incredible mashup of technology: Artificial Intelligence (AI), the brains behind smart machines, is joining forces with Robotics, the brawn that builds them. And they're currently transforming industries and shaping our future in ways we can only begin to imagine. How are these brainy robots changing everything? Let's dive more into how ..read more

My investment journey with short-term rentals (STRs) started around three years ago. I’ve never looked back.  STRs, especially large luxury short-term rentals, have remained a sustainable option for generating real estate passive income. Their bespoke quality makes them the go-to option for vacationers and travelers looking for something more memorable than a cookie-cutter hotel experience.  At first, it seemed like a big, scary decision to me because I was brand new to STRs. But the learning experience was well worth it. Since that initial investment, and now that I know what’s wh ..read more

Ever wonder how your phone recognizes your face to unlock, or why your favorite shopping app seems to read your mind with its recommendations? It's not magic, it's the inner workings of AI — machine learning! Simply put, it's how computers learn on their own by crunching massive amounts of data. Imagine a computer that gets better at a task the more it practices, the more information and feedback you feed it, that's the secret sauce behind self-driving cars navigating city streets and chatbots holding conversations that feel almost human. And guess what? Machine learning is exploding with the ..read more

Real estate investing can be overwhelming. But it doesn’t have to be.  I was overwhelmed when I first started. There are so many opportunities out there that it’s difficult to know what to do, where to start, or what investments would work best for our specific goals.  As high-income professionals, we have the financial resources necessary to create financial freedom before we retire. Yet we lack the fundamental knowledge about how to begin that journey of passive real estate investing. Don’t delay; seize the opportunities ahead and provide yourself lifelong stability and security b ..read more

Here's Journal Club 03-29-24! 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! Did you know investing in HSA could be a powerful tool for building long-term wealth and tax-efficient healthcare expense funds? The White Coat Investor amassed a significant amount through prudent investing practices and maximizing the benefits of the HSA structure. Interested in learning how you could utilize the advantages of having an HSA account? The author shares more about it in the article – How We Bui ..read more

I think now is the perfect time to say goodbye to mountains of paperwork and cookie-cutter financial advice. Why? The financial world is getting a serious upgrade, and some seriously cool tech powers it! Artificial Intelligence (AI) is shaking things up in a big way, and get this: it's not about robots (again) taking your money and buying things for you (although they might handle some of the tedious tasks). We're talking about a complete transformation of how you manage your money and how financial institutions operate. As Andrew Ng, founder of DeepLearning.ai, puts it: “Just as the Industr ..read more

By their very nature, doctors love to give back.  I would say most of us, if not all of us, went into medicine because we wanted to make a difference—to heal people. Over time, the reality of building a business or a career while taking care of our families can kind of take away from that feeling that medicine is an act of giving or kindness. That’s partially why more and more physicians are feeling the effects of burnout.  Have you ever wondered how you, as a physician, can make a profound impact beyond the walls of your clinic or hospital? Imagine a world where your skills as a ph ..read more

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 ..read more

Forget killer robots and creepy mind control for a sec! Imagine a movie character who adapts to your choices, a video game companion who cheers you on and offers genius strategies, or an entire world that reacts to your every move. That's the mind-blowing power of AI taking over entertainment, and it's not just sci-fi daydreams anymore. We're talking about a revolution in storytelling, and it's happening right now. From HAL 9000's chilling debut in “2001: A Space Odyssey” to the ever-smarter companions in our favorite games, AI is transforming how we experience stories and dive into virtual w ..read more