Personal Finance - Achieving Financial Awesomeness

How To Set Goals You Might Actually Accomplish

The new year is upon us and with it comes resolutions and goals that you’d like to accomplish. However, as we can all agree, it’s just not that easy.

If you’ve ever set a goal that you failed to accomplish, you’re not alone. Science says that only 8 percent of people actually achieve their goals. According to a study by the University of Scranton, a staggering 92 percent of people make New Year’s resolutions they never fulfill.

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The NextGen Wealth Weekly Roundup, December 28, 2018

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.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup.

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How to have a difficult conversation with your spouse about finances

Talking about money with your spouse can be difficult. Not everyone enjoys talking about finances and it can seem easier to just ignore the subject. However, avoiding difficult conversations and money discussions can lead to many problems down the road.

If the idea of discussing money with your significant other stresses you out, you’re not alone. According to a survey by SunTrust Bank, 35 percent of people said money was the primary cause of friction and stress in their relationship. For respondents between 44 and 54 years of age, that number shot up to 44 percent.

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The NextGen Wealth Weekly Roundup, December 14, 2018

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.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week.

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Financial Planning 101 - Do You Need a Financial Advisor?

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.

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The NextGen Wealth Weekly Roundup, December 7, 2018

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.

Our Kansas City Financial Planner Weekly Roundup

Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup.

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6 Inexpensive Ways for Men to Look Great for Work

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.

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How not to go into debt for the holidays

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.

Make a budget

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.

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How can I possibly save enough for my child’s college education?

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.

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The NextGen Wealth Weekly Roundup, November 16, 2018

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.

Our Kansas City Financial Planner Weekly Roundup

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.

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Top Ten Ways To Avoid Bad Investments

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.

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How To Overcome Your Fear Of Personal Finances

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.

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The NextGen Wealth Weekly Roundup, November 9, 2018

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.

Our Kansas City Financial Planner Weekly Roundup

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.

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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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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

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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Your 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

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

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

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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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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