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.
Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week!
It was another exciting week with the Dow Jones shooting back up over 26,000 (as I’m writing this). The S&P 500 is also nearing record levels again.
Why all of the gains in the stock market? You can probably already guess, but a lot of it has to do with the tariff resolution the United States made with Mexico.
Since it doesn’t look like the US is going to be implementing tariffs on our friends to the south, the stock market took that as a very good sign. Now, let’s just see if this actually sticks as we know things can turn quickly.
There are still a lot of unknowns with the tariff situation with China but if or when that gets resolved, I would expect to see another nice pop in the market. Time will tell.
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. Have a fantastic Father’s Day to all the dads and enjoy watching the US Open...I know I will.
First up, we turn to Steve over at ThinkSaveRetire with an interesting take on why believing privilege is the key to retirement. Being able to retire early isn’t a privilege but rather a choice. Can luck and good fortune be involved along the way? Of course. However, there is also plenty of planning and, let’s face it, those who plan always seems to have luck on their side as well.
Next up, we turn to Ryan at Decision Makers Hub on how to manage your career and still have a life...I mean, is that even possible? Believe me, it is even though many people may not think so. It’s all about prioritizing and making time for things in your life that you care about. Work is certainly important but so is your life. Let’s face it, no one has ever been on their deathbed and said I wish I would have worked more. However, they’ve certainly said the opposite.
As a career professional, many of us struggle with a healthy work and life balance. We are either great at one and terrible with the other or we split our time and really don't excel at anything. From my experience, I can normally only focus on one passion at a time which has left me to struggle with a healthy balance.
Next up, we turn to Money Management Pro on some book recommendations that could, and probably will, increase your financial IQ. Some you may have already read and others might be brand new. Regardless, each of them are great in their own way. Best of all, your local library should have all of them so you don’t even have to spend any money to read them.
This page may include affiliate links. Please see the disclosure page for more information. April is financial literacy month, and it's a great time to improve your financial IQ. Don't fear if you feel like you are behind in this department.
In our final read of the week, we turn to one of our regulars on the weekly roundup, Physician On Fire, for a few risks involved when it comes to investing in real estate. Some of these may seem pretty obvious if you’ve looked into real estate investing before but others might catch you off guard. The bottom line though is that there are still risks involved when it comes to your dreams of becoming a real estate mogul.
Real Estate investment often project rosy returns. 8% to 12% or more is not an uncommon expectation in crowdfunded and other real estate investment opportunities. These strong returns, however, are far from guaranteed. If they were a sure thing, there'd be little reason to invest in anything else.
One of the most common risk management tools is insurance. Most people have insurance for their homes, their cars and their health. This limits their financial liability in case disaster strikes and costs start piling up. If you own a pet, you also have the option to purchase insurance to cover your pet.
A lot of people may have heard of anemia, but aren't really sure what it is or how to get life insurance with anemia. As with any health condition, having this health issue can affect your chances and rates.
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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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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