NextGen Wealth Weekly Roundup May 10, 2019
5 minutes reading time (957 words)

NextGen Wealth Weekly Roundup May 10, 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 5 10 2019

Another week in the books and it’s already Friday again. As for happenings this week, well, let’s just say that the stock market has been a bit volatile.

The reason: tariffs. The market had already factored in a positive outlook on tariffs but that changed quickly after Sunday. With the possibility of tariffs increasing to 25% from the United States along with retaliation from China, the market didn’t take too kindly to that this week.

While I do think this is only a short-term hiccup, it is something we have to deal with but I do believe the two countries will come to a resolution. Now, whether that’s a week or a year from now, who knows. Until then, expect volatility when any announcement is made one way or the other.

So enough of my boring tariff 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.

7 Mistakes Six-Figure Earners Make

First up, we turn to The Money Mix on some money mistakes that even six-figure earners can make. Let’s face it, most people will tend to spend in lock-step with how much they make. So, even if you’re a six-figure earner, you still need to monitor your finances and keep things in line. Check out this article to ensure you’re not making these mistakes and, if you are. to fix them.

These Are The 7 Mistakes Six Figure Earners Make - The Money Mix

Earning a six-figure salary can make building wealth easier, but it's not a magic solution for your financial woes. Earning a high income is only one part of the equation. If you want to be financially secure, you need to make your money work for you.

Estate Planning In A Second Marriage- How to Protect Your Kids

Next up, we turn to one of our regulars, Mr. Fred Leamnson at Money with a Purpose, on some estate planning tips of how to protect your kids in a second marriage. This a fantastic article and applies to many people. First off, you need to have an estate plan in place. Second off, if you're in a second marriage and you do have children, you need to make sure your estate plan is up to date. This article will help.

Estate Planning In A Second Marriage- How to Protect Your Kids

One of the biggest challenges in personal finance is dealing with estate planning. I find that to be true in my financial advice business and in the personal finance blogging space. We see numerous posts that talk about saving, spending, managing debt, and investing. That's as it should be.

The Ultimate Guide to Selling on eBay

Next up, we turn to back to The Money Mix for a great guide on how to sell on eBay. If you’re selling on eBay or have thought about dipping in, then this guide is for you. This article offers a ton of great information and lines out everything you need in order to get started.

The Ultimate Guide to Selling on ebay - The Money Mix

Have you ever been curious about selling on eBay but didn't know where to start? This guide will take you through everything you need to know in order to start a successful eBay business and make money fast. That's right, without relying solely on your car!

Are Solar Panels Worth It?

In our final read of the week, we turn to another one of our regulars, ESI Money, with a great article on the question “Are solar panels worth it?” This is something I’ve thought about before and I’m sure many of you have as well. This piece is extremely thorough and provides some great information that will help in your decision and where to go next. Enjoy!

Are Solar Panels Worth It? - ESI Money

I have always been interested in alternative forms of energy. It's not that I'm a "tree hugger" on a social crusade for the environment. But if I could find a natural, cheaper (or even neutral) way to provide energy for our home, why wouldn't I? It would be a win-win.

Things We Were Up To This Week

Can You Have Multiple 401(k) Accounts?

If you're stashing away cash for your golden years, you're ahead of the game. A 2018 study by Northwestern Mutual found that one in three Americans have less than $5,000 in retirement savings. And what's even worse, one in five Americans have no retirement savings at all.

Whole Life Insurance - Does It Make Sense for You?

Planning for the future often takes a backseat to today's problems. Most people want to know their families are protected financially in case something happens to them. This is where having life insurance can make a big difference. However, there is conflicting information out there when it comes to getting a life insurance policy.

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!

Follow us on social media and be sure to sign up for our monthly newsletter - I can assure you it’s not the same boring financial newsletter you’ve seen before.

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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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