The NextGen Wealth Weekly Roundup October 4, 2019
5 minutes reading time (905 words)

The NextGen Wealth Weekly Roundup October 4, 2019

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! THE NEXTGEN WEALTH WEEKLY ROUNDUP 10 4 2019

Well after a rough week of losses in the market, we saw stocks climb as the latest job report was released today. The report showed the U.S. job market is continuing to grow, although slowly. It is growing enough though for the unemployment to drop to a record 50-year low from 3.7% to 3.5%. 

The number of jobs added last month was slightly less than expected, and below the pace set from the 168,000 jobs added in August. The growth in worker’s wages was also weaker with zero growth. But, on a positive note, hiring in prior months was stronger than expected. 

If the job market can continue to remain strong, it would allow households to continue spending. Consumer spending has been the stronghold of the economy recently, especially with the trade war happening. 

Rate-cut expectations have been high as of late, but we will have to wait and see the outcome of the Federal Reserve meeting set for later this month.  

So enough of my commentary, let’s jump in and check out some of the best articles I ran across from the past week. Enjoy the weekend and find some time to relax.

11 Best Personal Finance Books Of All Time

First up, we turn to The Frugal Fellow with a comprehensive list of some of the best personal finance books out there. Ranging from books on financial freedom to secrets of six-figure women, this list gives a variety of books discussing different finance topics. If you’re looking for your next read on personal finance, look no further!

11 Best Personal Finance Books of All Time - The Frugal Fellow

There are thousands of personal finance books out there. Sure, not as many as there are blog posts on investing, but still. There are a lot of them. So how do you decide which ones are the best ones to read?

The 19 best ways to generate passive income in 2019

Next up, we turn to LADDERS with a helpful list of 19 different ways you can generate passive income this year. More and more people are looking for ways to “make money in their sleep” and passive income is just that. This list gives ideas for “truly” passive income (no work needed), semi-passive income, as well as residual income. 

The 19 best ways to generate passive income in 2019

Making money while you sleep has a beautiful ring to it. I mean, who wouldn't want to be making some extra money while playing with the kids or while watching a game? The only problem is that most 'passive' income... The only problem is that most 'passive' income ideas that you'll come across are not passive at all.

How One Couple Quit Their Jobs to Resell Bras on Amazon

Next up, we turn to iLikeToDabble with an interview with a couple that quit their teaching jobs to sell items full-time on Amazon. This couple wanted to become parents, but living off one income wasn’t going to work for them so they decided to start their own business. Continue reading for some more info on how they started their business and some tips for starting your own. 

How One Couple Quit Their Jobs to Resell Bras on Amazon - iliketodabble

September 30, 2019 This page contains affiliate links and we may receive compensation when you click through, purchase or sign up for anything through those links. Read the full disclaimer for more information. This is the 9th article in my newest series, Entrepreneur Stories.

12 Real Estate Investment Calculations Every Investor Should Know

In our final read of the week, we turn to Wealthy Nickel with the most important real estate calculations that investors need to know. The math behind all the calculations involved in real estate can usually be pretty simple, but the terms can often be confusing. If you’re looking for the basic real estate calculations that you need to know, this article is where you can find them!

12 Real Estate Investment Calculations Every Investor Should Know

Looking for a one-stop shop to all of the basic real estate investing calculations you'll ever need? Then you're in the right place! The math behind real estate investment calculations is really pretty simple.

Things We Were Up To This Week

How to Create an Inheritance Plan With Your Children

What kind of legacy are you going to leave when you die? If you haven't pondered that question yet, now is the perfect time to start. If you have money or any property that you want to pass on, it's well past time to get a plan in place for when the inevitable happens.

Wrap Up

Enjoy the weekend and spend time with family and friends. Take a break from work and give your mind some well-deserved rest from the long week. Cherish the time you have with your family and I guarantee it will make your life much happier!

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About the Author

Aurtho Clint Haynes, CFPThis article was written by Clint Haynes, CFP®. Clint is a Certified Financial Planner® and Founder of NextGen Wealth. You can learn more about Clint by reading his full bio here.

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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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