This PPhREI Network Roundup tells you five reasons to invest in short term rentals, details the skinny on the Biden debt forgiveness plan, and gives you the 10 variables of the FIRE formula.
Carpe Diem MD
The master of short term rentals, Dr. Ian Cook, gives us five reasons to invest in short term rentals in this post. You might be surprised at the main reason he cites: memories. But as a dad with two young boys, I can totally see this. The luxury short term rentals in my portfolio serve a different purpose in my portfolio — I look forward to visiting them with my family and making lifelong memories there. Here are the reasons he cites:
- Memories
- Cash flow
- Tax savings
- Wealth building
- Diversification
Read the full post on Carpe Diem MD: 5 Reasons to Invest in Short-Term Rentals
The Darwinian Doctor
In this post, I break down the essential details behind the Biden Student Debt Forgiveness plan. I explain what it takes to qualify for the $10,000 – $20,000 of debt forgiveness. Not to give away the punchline, but most current residents and fellow will be able to take advantage of this program. When was the last time you got a handout for tens of thousands of dollars from the government? This is pretty exciting stuff.
Read the post on The Darwinian Doctor blog: Resident Physicians Win! | The Biden Student Debt Forgiveness Plan
The Prudent Plastic Surgeon
In this informative post, Dr. Jordan Frey gives us 10 important variables in the FIRE equation. FIRE is financial independence, retire early. It’s the siren call for many working stiffs (like me), and each of us has our own plan to reaching the goal of financial independence. Jordan argues that 10 elements are important in particular. You might be surprised about the last element (fun), but I totally agree that it’s an essential part of a well laid plan.
- Savings rate
- Income
- Margin (between your income and expenses)
- Investing
- Return on investment
- Nest egg
- A plan
- Yourself
- Your partner
- Fun
Read the original post on the Prudent Plastic Surgeon blog: Defining the Most Important Variables in the FIRE Equation
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Home safety is crucial, indeed. After all, you probably won’t be able to enjoy your home if you don’t feel safe in it. As for security cameras, we recommend installing 3-4 cameras watching your door, front lawn, and backyard.