Tips on Budgeting and Saving Money

Tips on Budgeting and Saving Money

Budgeting and saving money are closely related because budgeting is the most effective tool people use to save money. And no, budgeting isn’t just about tightening the belt and spending less. It’s about putting your money to work for you so that you prioritize and spend on the things that are most important.

So today I will be sharing with you some of the most effective tips that you can use to be successful when it comes to budgeting and saving money.

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How You Can Utilize Airbnb or VRBO to Supplement Your Retirement Income

How You Can Utilize Airbnb or VRBO to Supplement Your Retirement Income

If you’re approaching retirement and looking for ways to beef up your monthly income, there are many strategies to consider. You could pick up part-time work or start a side hustle like tutoring or delivering groceries. Or, you could just rent out your home or part of your home for cash and travel the world.

If you think that final suggestion is intriguing, you’re not alone. Thanks to technology brought to use by companies like Airbnb and VRBO.com, it’s more common than ever for senior citizens or anyone approaching retirement to use their home as an income-producing asset so they can do…well….whatever they want.

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The Ultimate Blueprint To Paying Off Your Student Loans

The Ultimate Blueprint To Paying Off Your Student Loans

With student loan debt, it can seem like your payments will last forever. But, there are ways to make paying off your student loans much easier. Whether you’re in the thick of paying them off, considering taking out student loans, or somewhere in the middle, knowing the right strategies to use will save you a lot of money and stress when it comes to paying off your student loans faster.

As the second highest consumer debt, the average student loan balance tops $37,000 for the Class of 2016. If most of your paycheck goes to pay student loans because you haven’t yet met your earning potential, you can feel trapped.  There is hope, and you can get rid of your debt faster by upgrading your student loan repayment options.

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The Ultimate Guide To Financial Freedom

THE ULTIMATE GUIDE TO FINANCIAL FREEDOM

By now, you’ve probably heard of the FIRE movement. FIRE, which stands for Financial Independence, Retire Early, is everywhere. As a matter of fact, there is even a new movie coming out called Playing With Fire. The film itself documents a young family’s journey into the FIRE subculture as they look for a way to cut down time spent working versus time spent with their family.

Financial freedom is a term used loosely, along with financial independence, and while they are very similar, they aren’t quite the same. The difference? Financial freedom allows you to completely walk away from your career without owing anyone a thing.

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The Ultimate Health Savings Account Infographic

The Ultimate Health Savings Account Guide

Check out our Ultimate Health Savings Account Guide Infographic. We think it's pretty awesome and sums up the true power of an HSA. For more information, check out our Ultimate Guide to Health Savings Accounts.

(Video) NextGen Wealth - Not Just For the Rich and Famous

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Are you thinking about working with a financial planner but just aren't sure if it's a good fit? Check out this video where we cover all the value we provide for our client's and distinguish how we're different (in a good way) from other wealth management firms. We think you'll agree. Contact us if you any questions and don't forget to take advantage of our free check-up of your financial health.

Comprehensive Financial Planning – Not Just for the Rich and Famous

Kiplinger

Check out our featured page and interview on Kiplinger! It was a blast doing it and I thought it came out great. Stay tuned as we'll have an accompanying video that goes along with the piece as well. We should have it up and ready next week. Share your thoughts and let me know what you think!

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What Is A Health Savings Account?

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Our love of Health Savings Accounts continues! Check out our guest post at Good Financial Cents where we cover everything you'd ever want to know about Health Savings Accounts. It's a great piece and one I highly recommend. Check it out here!   VIEW FULL ARTICLE

Your Ultimate Health Savings Account Guide

The Ultimate Health Savings Account Guide

Are you familiar with a Health Savings Account (HSA)? If you’re like most people, you’ve heard the term but you’re probably not sure what it is or if it makes sense for you.

If that’s the case, then it’s your lucky day because we’re going to dig into exactly what a Health Savings Account is and, most importantly, why I absolutely love them. So with that, let’s check out a few statistics that just might surprise you.

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Saving for Retirement - Your Step-By-Step Guide to Getting You There

Saving for Retirement

When entering the job market out of college, the concept of retirement seems like a lifetime away. Most people can’t even fathom thinking about retirement let alone save for it. And others know the day is coming, but they are relaxed in the notion that it’s too early to even begin thinking about saving for retirement.

Such thinking is certainly misguided. Regardless of the confusing retirement savings types, retirement is a natural part of life. It can be a wonderful experience for many families, especially those who planned early. It’s a new chapter in life, where people get to enjoy the fruits of their labor for the next few decades.

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Retirement Income - Your Step-By-Step Guide to Not Running Out of Money

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Congratulations! You’ve worked for decades to prepare for retirement and now you’re there, or almost there, ready to start what can be the most enjoyable phase of your life. Very likely, you’ve got plans to travel, see family and friends and maybe even revisit hobbies you’ve neglected for decades.

However, as you are most likely aware, you must also make plans related to your money. Specifically, you want to be sure you have enough retirement income to last you for the rest of your life.

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Why You Should Think Twice Before opening a 529 Through A Financial Advisor

Why You Shouldnt Open a 529 Through A Financial Advisor

Do you have a 529 plan? Do you work with a financial advisor? Do you have a 529 plan that’s managed directly through your financial advisor?

If you answered yes to the first question, then that’s perfectly fine. If you answered yes to the second question, that’s great as well. However, if you answered yes to the third question, well, that’s where I tend to differ from a lot of financial advisors… and yes, that’s coming from a financial advisor.

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Top 5 Financial Tips for Property Investors

Property Investments 1

Did you know that real estate has produced more wealth than any other industry in the history of time? Retail real estate alone has produced an average annual return of 10.8% over the past two decades, according to data from the National Council of Real Estate Investment Fiduciaries Index.

However, as with any other business, property investing isn’t without its pitfalls. If not wisely planned, the cost of the property investment can quickly override the profits.

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How To Do A Background Check On Your Financial Advisor

How to do a background check on a financial advisor P

In today’s day and age of the internet, you can find just about anything in no time. Looking for a restaurant nearby? Go to the internet. Need a place to get a haircut? Go to the internet. Looking for background information on a financial advisor? Yep, go to the internet.

It amazes me how we found things before we had the internet. I guess we just asked for referrals from our friends, looked things up in the phone book or drove around until we found out what we were looking for…the indignity.

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Fundrise: An Interesting Way To Invest In Real Estate


Have you ever wanted to invest in real estate? Or, maybe you’ve already tried your hand at it once, and it didn’t exactly go the way you were expecting.

I’m not sure what the appeal is to investing in real estate – being a landlord is not for me – but I do get asked the question quite a bit.

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How to Create a Pet Estate Plan

Pets

As a pet parent, you know how important it is to plan for your four-legged family members in the event that you become incapacitated or pass away. Who will take care of them and where will they go?

Pet Orphans: What Will Happen to Your Pets When You Die?

About 65 percent of American households include one or more pets, and if yours is one of them, you know that your pets are family. And like the rest of your family, they deserve for you to make them part of your estate plan.

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The Best Options For Your Old 401k(s) – A Step-by-Step Guide

The Best Options For Your Old 401k

So, how many different companies have been at in your working career? If you’re like most people today, you’ve probably switched jobs at least a couple times. It seems like some people can switch every six months while others can stay for years.

Regardless, it’s extremely rare to see someone who stays with the same employer for life. Things have certainly changed from the baby boomer generation.

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The Best Personal Finance Tips When Changing Jobs

The Best Financial Tips When Changing Jobs

Congratulations, you landed a new job! Hopefully, it’s the job of your dreams or at least a lot better than your previous one.

Now that you’ve said “I do” to your new employer, it’s now time to tackle the financial things to do when changing jobs. Don’t worry, the list isn’t overwhelming (although we certainly understand the stress of moving and changing jobs), but many of these items are time sensitive and could have a major impact if not handled correctly.

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5 Financial Must-Dos On Your Birthday

Financial Must Dos Birthday

Oh the joys of having another birthday. It just means you got another year older… congratulations! You are probably wondering where in the world the last year of your life went if you’re anything like me - getting old can be rough.

I heard a great quote the other day that totally resonated – “The days get longer, but the years get shorter.” So true in my opinion. The older I get, the more time flies. I have no idea why, but that’s definitely how it feels.

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Acorns: A Cool App For Saving Money

Acorns2

Did you set a goal to try and save more money this year? If you’re like most people, this is a recurring goal that continues to rear its ugly head time and time again.

Let’s face it, saving money can be tough. Spending money is much easier and way more fun… hey, I’m a financial advisor, and I’m in total agreement. However, as much as we dread putting some money away for a rainy day – or for whatever reason, we need to do it. Some of us are good at, while others are not so good.

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NextGen Wealth, LLC is a registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities product, service, or investment strategy. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor, tax professional, or attorney before implementing any strategy or recommendation discussed herein.

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