Between student loan debt and the high cost of living, it can seem difficult to get ahead in this world. However, there’s an important concept that, when managed well, can accelerate the growth of your savings and increase your wealth like you couldn’t imagine. And, you’ve probably heard of it before; compound interest.
Hey, if Albert Einstein is calling compound interest the eighth wonder of the world, then you better take note!
Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week.
For many of us in life, regardless of what it might be, we typically try to figure how to do things by ourselves. It could be fixing the car, something around the house, or as we’ll be covering here, managing your own investments and finances.
At some point in our life, though, lack of time and knowledge becomes an issue. Most of us can figure out the basics of investing and financial planning, but eventually, you simply don’t know what you don’t know if it’s not your profession.
Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup.
What is it that they say? That the clothes make the man?
Well, while I don't believe that clothes have any bearing on your competence as a professional, I think we can all agree that appearances do matter. As a general rule, people will treat the well-dressed and well-groomed better, and looking your best can provide a big confidence boost. So, it's important to have an elegant, polished look at work, to make the most of your time at the office and maximize your chances of success.
Welcome to the weekly roundup where I share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
Hope you were able to get back in the swing of things after taking some time off to spend with family and friends for Thanksgiving. I know it always takes me a little while to get back in the swing of things.
As an investor, you’re always on the lookout for the best possible returns with the least amount of risk. It just makes sense. But many experts say that paying off high-interest debt is one of your best investments - and I completely agree.
For example, suppose you are getting an average annual return of 8% from your investment portfolio. On the other hand, you are paying 19% annual interest on your credit card. In other words, you are spending roughly 11% more out of your pocket each year to service the interest on your credit card. Regardless of how you look it, you’re not getting ahead.
When the stock market takes a sudden turn downward, it can be easy to get worried about your investments. Market turmoil can cause even seasoned investors to take pause. Watching the value of your investments go down can certainly be disheartening.
In fact, a 2018 study found that Americans are more stressed by money issues than by personal relationships or work. Stock market volatility is nothing new so finding the best way to cope with the swings will help give you peace of mind. Getting your finances in order will help you weather the inevitable ups and downs of your investment portfolio.
According to the American Research Group Inc., the average American intends to spend $992 this holiday season. For some, this could end up breaking the bank if they’re not careful. With all of the pressure to spend during the holidays, it’s easy to go into debt. If you want to avoid debt this season, here are a few tips to survive the holidays debt-free.
Review your monthly budget and determine what you can truly afford this season. Don’t stretch yourself too thin and allow some wiggle room for unexpected expenses.
While it’s true that saving for college is easier the earlier you start, all hope is not lost if you waited a few years to get started. Despite the rising cost of a four-year degree, it’s still an important asset for climbing the career ladder in most professional settings.
Paying for college is a financial goal for many parents but with an 18-year savings timeframe, it can easily fall by the wayside. Many people get so wrapped up in the day-to-day realities of getting the bills paid that they don’t get serious about college savings until their children’s preteen or teen years.
Welcome to a new feature on the blog, each Friday I will share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
Welcome to our weekly roundup of great articles I ran across this week. From learning some lessons from what it means being poor in the Ivy League to some of the best podcasts to help improve your life, I have you covered.
When it comes to making investment decisions, sometimes our emotions take over for common sense. While we usually rely on our knowledge and experience to point us in the right direction, investing doesn’t always work that way.
Fortunately, there are things you can do to keep on the right track. While you can’t control the markets, you can control your own behavior and how you respond. When making investment decisions, it’s essential to take into account a few potential pitfalls.
Have you ever been afraid to log into your bank account or check your credit card balances? If you’re losing sleep over your personal finances, you’re not alone. According to a Bankrate survey, 36 percent of Americans are losing sleep over money troubles.
While money anxiety can be more common than we realize, it’s important to address it sooner rather than later. Ignoring your finances will hurt you in the long run, even if it feels better to bury your head in the sand right now. Money troubles never go away unless you take charge of your situation and address them head-on.
Welcome to a new feature on the blog, each Friday I will share with you interesting articles from across the web. I hope you enjoy and absolutely feel free to share and pass along.
If you live in Kansas City, then you just experienced our first snow of the year yesterday. And, in my opinion, hopefully, the first of many more to come. It’s always fun to see snow on the ground.
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.
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.
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.
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.
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.
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.
