5 Interesting Things I’ve Learned From Being a Financial Advisor

Crazy enough, but I’ve been a financial planner, financial advisor, wealth advisor (the list goes on and on) for 16 years now. I’ve seen a lot over that time frame, both good and bad.

Getting into this industry in 2001 when the tech bubble was beginning to burst was quite an interesting time. I didn’t think I would see anything like it again, but then came the housing bubble of 08-09. Yet, since that time we have seen quite the run-up and one that we’re still riding to this day.

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Why Don't People Practice What They Preach?

We are all guilty of it. We’re much better telling people what to do than actually doing it ourselves. My wife is awesome at this (don’t worry, she’s well aware). Here motto truly is “do as I say, not as I do.”

But it’s not just her – and me for that matter – but so many other people out there. Why do financial planners preach no credit card debt but have credit card debt themselves? Why do politicians have extramarital affairs but preach family values? Why do prosecuting attorneys put people in jail but then break the law themselves? Why do doctors preach good health but are overweight and smoke? So many questions!

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What Your Dog Can Teach You About Being a Better Person

Let’s face it; everyone loves the family dog – sometimes even more than their actual family. With the amount of love we have for our dogs, not to mention the amount of money we spend on them, you’d think we’d try to learn something from them.

They certainly make our lives happier, but can we actually learn something from them? Well, of course we can. Here are a few things your dog can teach you about being a better person. Listen up, your dog is actually doing more for you than you think.

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To Hell with New Year's Resolutions, Just Form One Good Habit

So, how are those New Year’s resolutions coming? It’s only a few days into the year, so I’m sure they’re going great. Or are they?

If you missed last week’s post, Why New Year’s Resolutions Suck, you know my opinion of them. Let’s face it, New Year’s resolutions are destined to fail even before the year begins. If you’re one of the rare few who can accomplish them, then more power to you. If not, keep on reading.

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Why New Year's Resolutions Suck

Every single year millions of people start the New Year with high hopes of finally achieving their resolutions. For some reason, they’re actually going to accomplish them because this year is going to be different.

They’re not going about it any different from previous years, but for some reason this year they’re finally going to be able to check that resolution off the list. I feel like this is the exact definition of insanity – doing the same thing over and over again and expecting a different result.

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Why the Heck Don't You Use a Rewards Credit Card? 

I’m not sure if I have a problem, but I am always curious to see what type of credit card people use when checking out. I certainly see a wide variety, but inevitably I see a lot of non-rewards type credit cards and debit cards.

Now don’t get me wrong, I am sure I’ve misidentified plenty and also know there are debit cards that offer some sort of cashback. And I will admit, this definitely wasn’t any kind of a scientific experiment, but I feel like I’ve been doing this for quite a while (hopefully, this doesn’t put me in creepy status).

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The 3 Financially Savvy Things You Must Do After Getting a New Job

So you made it through all the interviews and landed a great job. Now it’s time for the rubber to meet the road. Getting a new gig is great, but for many of us, it is change and that can always lead to a lot of stress.

You now have a new commute, a new role, new colleagues and a completely new routine. Dealing with all of that is hard enough and certainly can add a little anxiety in your life. Take a deep breath and relax. You made it through the hard part.

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Low Mortgage Rates Still Add Up to a Lot of Money Over Time

Do you know how much interest you are paying over the life of your mortgage? I’m guessing you didn’t pay much attention to that after going through the giant stack of paperwork to secure the mortgage in the first place. For most of us, we simply grit our teeth and just start signing.

Well, somewhere in that stack of paperwork was your amortization schedule (fancy loan officer jargon). This is a form that shows all of your payments for the life of the loan and how much interest you would be paying over that time frame as well.

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Why Shouldn't We Discuss Personal Finances with Friends?

You’re sitting at happy hour and then all of sudden that one friend brings up a conversation that has to do with money. All of a sudden you start fidgeting, sweating and feeling completely awkward. But why do so many people feel this way when it comes to discussing personal finances with friends?

We literally discuss every taboo subject in the world with our friends. Whether it’s someone going through a divorce, rumors of infidelity, your kids driving you crazy, how much you can’t stand your spouse, etc. We’re even more than happy to discuss other people’s finances.

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The 5 Things You Should Do After Purchasing Life Insurance

1. Review Your Policy.

That’s right, I’m actually recommending you open up and look at that giant life insurance document you received. Please don’t just throw in a file for it to never be seen again.

I know it’s intimidating but do it. It won’t be that bad. I’m not asking you to study or memorize it, but rather peruse through it to make sure everything is correct.

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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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