The Dirty Little Secrets to 401k Loans

Dirty Secrets of 401k Loans

Now that the holidays are over, it’s back to reality. For many – hopefully, not you – it means paying off all the debts you racked up from your extremely generous giving. Let’s just hope you had already budgeted for it and you were merely using your credit card to get the free rewards.

Regardless of whether you have debt or not, sometimes, unknowns pop up in our lives where we need to get access to money. If you don’t have it sitting in a savings account – which I’m sure you do if you’re an avid reader of this blog – you have to find it somewhere.

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Five Financial Apps That Will Make Your Life More Efficient

Financial Apps That Will Make Your Life Better

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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My Worst Investment Ever

Worst Investment Ever

We’ve all made bad choices in life when it comes to money and even me, as a financial advisor, falls right into that category as well. Granted, I’ve learned a lot of what to do, but that still doesn’t mean I haven’t made my share of mistakes when it comes to investing.

Everyone has some kind of “worst investment ever” story and that goes for just about every other financial advisor too. Believe it or not, we tend to think we’re really smart and only pick winners when it comes to investments—but, bold brutal truth, we’re not. If your financial advisor is telling you differently, then I’d start looking for another one.

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How to Become Your Own Financial Advisor

Become Your Own Financial Advisor

Like it seems for just about every service profession today if you want to go the DIY route and figure it out for yourself, just Google it and you’ll be on your way. I swear I think there is a YouTube video for just about every DIY project you’re attempting to do around the house, with some being easier than others.

While it’s not quite that easy when it comes to managing your finances or becoming your own financial advisor, it can still be done. As long as you have the time and willingness to learn, you certainly can go at it yourself. Many people handle their personal finances themselves and do a great job.

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The Worst Things About Working with a Financial Advisor

Financial Advisor Worst Things

As much as I try and paint the picture of how awesome it is to work with a financial advisor, there are a few unpleasant things that come with the territory—I know, I know, hard to believe.

We definitely try to make the experience as pleasurable as possible, but sometimes it just isn’t always rainbows and unicorns. We can be a little annoying at times asking for all the information we need. Difficult discussions come with the territory, and critical decisions have to be made about one's financial life—and that means sacrifices might have to be made in order to achieve one's goals.

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A Few Things I Don’t Really Like About Being a Financial Advisor

Dont Really Like About Being A Financial Advisor

In my last blog post, we took a look at a few of the reasons why I love my job as a financial advisor. Some of you may have been rolling your eyes about the joys I get to experience every day, but now we get real and look at a few things I’m not exactly a big fan of as a financial planner.

That’s right, it’s not always roses and unicorns every day. Sure, I do love what I do, but there definitely some things I could do without. These are only my views and don’t reflect the views of NextGen Wealth. This is me getting to the down and dirty you probably won’t hear from most advisors.

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What I Love About Being a Financial Advisor

Love Financial Advisor

Being in this type of industry can certainly have its ups and downs, but that really can be said for any industry. There are a number of things that are in my control, but then there’s also one big one that I can’t control—the stock market.

Once I learned to focus on the things that I could control with my clients, it certainly made for a more pleasant experience for everyone even though the stock market does like to test our patience every once in a while.

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What I’ve Learned about People from being a Financial Advisor

Financial advisor lessons 1

When I got into the world of financial services over 16 years ago—wow that seems odd saying—I really had no idea what I was getting into. It wasn’t like this was always my passion or I always dreamed of being a financial advisor when I grew up.

Like most people graduating from college, I was truly just looking for a job. Sure I was somewhat interested in the financial markets because of the tech boom of the late 90’s, but I didn’t know what it meant to be a financial advisor. I thought it was going to be more like what I was watching on CNBC, but that was far from the truth.

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How to Find Your Unclaimed Property (CASH)

How To Find Your Unclaimed Property CASH

Ever thought somebody owed you something, but you just can’t remember what? Well, guess what, maybe someone does, and it might just be waiting for you in a state where you once lived. And, it’s actually not out of the ordinary to find your name on a state's unclaimed property list.

Believe it or not, states are holding onto BILLIONS of dollars in unclaimed property. And, because of unclaimed property laws, this money has to be returned to you if you ever come looking for it. In 2015 alone, over $3 billion was returned! Crazier than that, though, almost $8 billion was collected leaving another $5 billion uncollected. Trust me, there is a lot of it out there.

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5 Easy Ways to Earn Extra Cash

Earn Extra Cash

Today, there are more ways than ever to earn extra cash. Some are further recognized than others, and some, quite frankly, can seem a little strange.

I feel like the go-to for earning cash always used to be a garage sale. While the garage sale still works, just googling “how to earn extra cash” will provide you with more than enough ideas. And, like I said, some can seem a little off the wall.

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3 Questions YOU MUST ASK YOUR FINANCIAL ADVISOR

Questions to ask Financial Advisor

Being a financial advisor for the past 16 years, I know what lies behind the curtain in our industry. And, while things are slowly becoming more transparent, we still have a long way to go before reaching complete transparency.

As a consumer, though, you only know what you’re being told or at least how much you can find from doing your research on Google. The information is out there, but only so many people have the time to find out the right questions to ask.

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

Things Ive learned as 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?

Why we dont practice what we 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

What your dog can teach you

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

Form Good Habits

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

Financial things to do after 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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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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