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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’s been another exciting roller coaster ride of ups and downs with the stock market this week. One day it’s way down and the next day it’s way up. If nothing else, it certainly is interesting to watch.
Trade and tariffs are still driving the market and now even the Fed is jumping in saying they may change policy depending on what happens with trade. The market certainly liked those comments on Tuesday, to say the least.
While I do believe the tariff situation will get figured out, what I’m not so sure of is the timeline. Regardless, it’s only short-term volatility so if your investment goals are longer than 3-5 years, there’s really nothing to be concerned about.
However, if you do have money earmarked for goals that are less than 3-5 years out, then that money should be invested much more conservatively i.e. short-term bond fund or high-yield savings account. I’ll continue to keep an eye on things and update you as necessary.
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.
First up, we turn to The Money Mix on some fantastic side hustle ideas for people who are already way too busy. Which, I’m sure that’s you since it seems like just about everyone is way too busy these days...and, let’s face it, are you really that busy or just not that great at prioritizing? But I digress. If you’re looking for some great side hustle ideas that just about anyone can do, this is a must read for you.
So you're trying to make some extra money on the side, and are looking for side hustle ideas to cash in on the entrepreneur lifestyle. Because everyone's doing it - hustling to make a few extra bucks, trying out a couple of side gigs or work from home jobs here and there.
Next up, we turn to a newbie for us here on the weekly roundup, Cashflow Cop, on whether you should be charging your child for rent. If you have a child who is still living at home and is in the young adult stage, this question may have crossed your mind. If you want some great information that goes over the pros and cons of charging your child rent, then this article is for you.
Police Officer Blog // Money ~ Financial Independence ~ Retire Early. Discusses the pros and cons of charging our children rent.
Next up, we turn to Money Crashers on some great jobs that require little to no experience. So, if you’re looking for a little something extra to do or maybe you have a child that’s needing to find some work, you’re going to get some great idea’s in this piece. Yes, some of these might not seem that glamorous, but you’d be surprised at how much unglamorous jobs pay.
Are you fresh out of school, looking for a job, but lacking in experience? You might think this will stop you from landing a decent paying job, but that's not true. Not every entry-level, "no experience necessary" job is a dead-end.
In our final read of the week, we turn to Debt Discipline with an interesting piece on how strategic you’ve been about your career and money. This was really a nicely written article that was well researched and put together. It’s a pretty quick read but certainly, one that makes you reflect and, heck, it might even change your mindset moving forward.
A couple of recent mainstream articles really got me thinking about the early part of my career and money. Our struggles with debt show we were not very strategic when it came to thinking about our money, but what about careers.
One of the best ways to get ahead financially is by making a budget and sticking to it. However, many people shy away from budgets because they think of them as too restrictive. A budget shouldn't limit you; it should give you more freedom.
So who exactly am I at NextGen Wealth? It definitely seems like I can hold many different titles depending on the day, but for my bio's sake, I will stick with my professional title of Financial Planner - although you could go with Financial Advisor, Financial Consultant, etc., they're really all one in the same).
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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