The Right Way to Save for a Big Purchase

Let’s be honest, most of us all want something we don’t have at the moment. It could be a new house, a new car, a new job, a vacation, etc. And, while it’s been proven that “experiences” bring more memories than actual physical items, it doesn’t mean we still don’t want them.

Whether it’s wanting a new house, a second house, or a dream vacation, it takes money and time to get there. That means savings on your part. And, let’s face it, we’re not that good at saving money. Most of us specialize in spending money – and we’re quite good at it.

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The Right Way to Get out of Debt

With the record amount of debt in the U.S. today, you would think it’s a just part of being a citizen. As sad as that sounds, it’s true. And, it’s not like our government is setting a great example with the millions of dollars it adds to its books every single day.

But trust me when I say this; going into debt isn’t what the cool kids are doing. Debt sucks. It’s a burden and can do irrefutable damage to not only one’s credit but more importantly, to one’s overall lifestyle.

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Five Financial Apps That Will Make Your Life More Efficient

It’s that time of the year again where budgets get thrown out the door, and we start spending money like it’s our job. And, while you would think that an article like this would be better suited for January, I thought I’d take a different approach.

Instead of giving you useful financial tips and apps after you’ve done all of your Christmas spending, I want to give you some tips prior to seeing if any of them might stick. While it’s probably just a shot in the dark, I like to think of it as my gift to you this holiday season – sorry, it’s all I have in the budget.

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Why We Look at Finding the Right College from the Wrong Perspective

Let’s face it; saving for your children’s college is quite the challenge. However, just as challenging is actually finding the right spot to send them off to college. There are so many choices with only so much money you can realistically spend without you and your child completely being indebted for the rest of your lives.

Sounds like a real pleasant experience, doesn’t it? Well, for most parents, it can really be a gigantic pain to find the right college for their children. Today, though, I’m going to explain how to make it a much more comfortable experience where everyone will understand and be happy.

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If Your City Lands Amazon HQ2, How Will it Affect You?

In case you haven’t heard, Amazon is looking for a second headquarters. Now, why they need a second headquarters hasn’t exactly been explained, but they just do. Apparently, it’s kind of a big deal.

If the city you live in qualified to put in a bid, then it’s very likely they did just that. I haven’t actually come across any cities who met Amazon’s requirements, but didn’t actually put in a bid… although I would be very interested in learning why, since it would no doubt make them the outlier.So, what are these requirements that Amazon put out there?

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Why Investors Can Do Some Dumb Things (me included)

Do you ever do something or make a decision and then a few moments later think, “Why in the world did I just do that?” Of course you have, we all have. The good thing, though, it’s normally something small that won’t have much of an overall impact on your life.

However, when we make dumb decisions when it comes to our investments or saving for our retirement, you typically don’t know the results of that decision until a year–or many years–down the road. Investing for your goals is a slow moving process so making hair-trigger decisions typically doesn’t work out so well.

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Why Your Credit Report Controls Your Financial Life

With the Equifax date breach being announced just over a month ago, credit reports and credit scores were actually an important topic of conversation for a change. However, a month in this day and age can seem like years ago.

Now that it is almost considered old news, we’re back to our normal everyday lives and, believe it or not, that’s not thinking about our credit reports or even our credit scores. That has become old news and we’ve now moved on to the next headline.

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Why Home Ownership Shouldn’t Be The American Dream

Once we graduate college and get our first job, it seems like our next unwritten goal in life is to buy a new home. Right or wrong, that seems to be how life goes. I’m by no means saying it’s the wrong choice to make – heck I did it and still own a home – but should it really still be called the “American Dream?”

In my humble and probably subjective opinion, the answer is no. While home ownership can be an incredible feeling and certainly a feeling of “growing up,” it’s definitely not for everyone. There are plenty of pros and cons to owning a home just as there are plenty of pros and cons to renting. It’s up to each individual to determine what’s right for them.

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Why Investing Doesn’t Need To Be That Complicated

That’s right, investing doesn’t need to be that complicated. I don’t care how convoluted and confusing your financial advisor makes it sound, it truly doesn’t have to be that way. Like anything, though, you can get as deep down into the weeds as you want, but when it comes to a good investment strategy, you really just need to know the basics to create a good plan.

While you may not want to manage your investments yourself simply because of interest or time (feel free to call me), just know that if someone put a gun to your head, you could do it. I’m by no means trying to downplay the importance a financial planner plays when it comes to investment management, but there’s so much more in your personal financial life than just investments – which they should be helping you with.

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These Four Things Could Surprisingly Kill Your Personal Finances

We all know the old saying, “What you don’t know can’t hurt you.” But what does that even mean and where the heck did it come from? I can tell you for certain it definitely doesn’t apply to the world of finance.

In my world, what you don’t know can definitely hurt you. And, as bad as this is going to sound, a lot of the biggest banks in the world were built from people “not knowing.” Whether it’s hidden fees, even if they are legal (no offense, Wells Fargo), or paying interest, these seemingly little things can add up to a lot of money over time.

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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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