Hello everyone and welcome to another edition of the NextGen Wealth Weekly Roundup. Hope you’re having a great week!
After a rally in the market this week, stocks are down today even after better-than-expected jobs data was released. The release of this data seems to be well-timed with the coronavirus fears having investors questioning growth.
The U.S. economy added 225,000 jobs in January, which is much higher than the estimated 158,000 jobs. Wages also surpassed the expectations...which is nice.
Stocks were on a high this week with positive earnings and economic data, which outweighed the current fears of the coronavirus. Also boosting stocks this week was China’s decision to reduce tariffs in half on a large number of U.S. products. This would affect nearly $75 billion worth of U.S. imports.
Even with this news, there are still fears over how the coronavirus will affect the economy, with the confirmed cases and death toll continuing to grow. While I still believe this is just a short-term "headline risk", I'll continue to keep you up to date as things progress.
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 Physician on FIRE as he shares about his post-retirement trip to Mexico with his family. He discusses the reasoning for choosing the specific cities and what they experienced in these different places. Continue reading to receive some more info on traveling in Mexico and where you should visit next.
For months, my family and I had been looking forward to our first big post-retirement adventure. Two months in Ecuador! Yes, I said Ecuador. We had the flights booked, Airbnb homes reserved and pre-paid, bags packed, and we were ready to rock and roll. But Ecuador was not ready for us.
Next up, we turn to ESI Money with a look at how not having a financial plan ended up costing him five years of early retirement. It is important to have a detailed plan with an idea of what you need to reach financially and how to get there for you to retire. Don’t make a mistake of not having a plan and potentially lose out on retiring earlier than expected.
Here's another one of those "mistakes I made" posts that I like to do every once in a while. It has the added benefit of being a New Years resolution sort of post, which I simply love. 🙂 Doing "mistakes posts" helps me (and ESI Money readers) remember that I'm not always the perfect money ...
Next up, we turn to Mastering the Side Jam with a wonderful letter to her sons about some important life lessons. These lessons include some important financial tips, as well as other ways to live your life. Keep reading for some helpful life lessons that anyone can learn from.
The below is something I wrote for my two sons, who are in their mid- to late-twenties. For a long time, I've wanted to give them some advice that could help provide structure as they begin to navigate their "grown up" years.
In our final read of the week, we turn to Budget Savvy Bride with a compiled list of some great Valentine’s Day gift ideas, no matter your budget. Even if you’re looking to spend less than $20 for a gift for your significant other, there are still some great options. You don’t need to blow your budget on a gift this year, and here are some options that can fit what you’d like to spend.
This post is a collaboration with Nakturnal. This page contains affiliate links, meaning we may make a commission on purchases made. All opinions are our own, and we only share products we think are truly savvy! xoxo, Team B$B Looking for Affordable Valentine's Gift Ideas for Your Sweetie?
In its simplest terms, an investment policy statement (IPS) is a list of rules drawn up between you and your financial planner to set clear and concrete goals for each other. It also works as a game plan for the financial planner so that they can employ their expertise in the best way they see fit to meet your goals in a timely and efficient manner.
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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