The NextGen Wealth Weekly Roundup January 17, 2020
4 minutes reading time (894 words)

The NextGen Wealth Weekly Roundup January 17, 2020

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 1 17 2020

Once again, we saw stocks hit record highs this week due to a solid start to earnings season and strong global economic data that was released. All three main markets here in the US (Dow, NASDAQ and the S&P 500) were all up 1.5-% going into today.
 
Some of these can be attributed to the aftermath of the U.S. and China trade deal signing. This trade deal signing is expected to create a sharp increase in the sales of U.S. goods and services to China. Let's hope this is the beginning of the end of the two-year trade war.
 
However, this does still leave U.S. tariffs on billions of Chinese goods, which is about three-quarters of Chinese imports to the U.S. So, possible tariff reductions will be one thing discussed at later negotiations between the two countries. 

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.

The Similarities Between Physical Fitness and Personal Finance

First up, we turn to Financial Pilgrimage with a look at how physical fitness and personal finance are related. It may seem like there are a lot of differences between these, but in reality there are some important similarities between the two. Both are personal and are unique to everyone, and there are some basic habits that should be followed for both fitness and personal finance. 

The Similarities Between Physical Fitness and Personal Finance

What do physical fitness and personal finance have in common? On the surface, there are a lot of differences between personal finance and fitness. One involves income, spending, saving, and investing. The other involves physical activity, nutrition, and overall health. The reality is that these are two of the most important areas of our lives.

The Ultimate Guide to Including Your Side Hustles on Your Resume

Next up, we turn to The Money Mix with some helpful tips on how to include your side hustles on your resume. Side hustles have become the new big thing and it can be to make extra money, learn something new, or pursue a passion. Whatever the reason, it may be beneficial to include this on your resume and this article will walk you through what you need to know. 

The Ultimate Guide to Including Your Side Hustles on Your Resume

It seems like everyone has side hustles these days. Whether it's to make extra money, pursue an interest or passion, or to learn a new skill, it's work that we choose to do on the "side" of our day jobs. Yet few people think to include their side hustle on their resume.

What I Would Tell My 20-Year-Old Self About Mastering Life’s Mind Games

Next up, we turn to Steve Adcock with a look at what he would tell his 20-year-old self now about what he has learned. Steve talks about how he faced his “mid-life crisis” early on in life and how he doesn’t regret that but rather learned from it. Continue reading for more on what he would tell his 20-year-old self. 

What I Would Tell My 20-Year-Old Self About Mastering Life's Mind Games

I don't know what my mid-life crisis will look like, but I know that it won't involve driving around in a fast, loud sports car built to damage the eardrums of anyone within a square mile. Why? Well, I've already done that.

How to Track Your Spending So It Actually Makes a Difference

In our final read of the week, we turn to Jackie Beck with a guide on how you can track your spending to actually benefit your finances. She calls this way of tracking spending “value-based spending.” This is a way that will have you looking at each purchase and evaluating the value, rather than only adding up expenses at the end of the month. 

How to Track Your Spending So It Actually Makes a Difference

"Track your spending!" they say. "It's so important!" And so maybe you dutifully add up all of your expenses at the end of the month. (Or maybe you don't.) But here's the thing: Do you know why tracking your spending is so important?

Things We Were Up To This Week

What is a Mega Backdoor Roth IRA?

When it comes to saving money for retirement, you should already know that IRAs are an essential part of the retirement planning process. There are two different kinds - a Roth and a Traditional IRA, and the rules surrounding them are pretty straightforward.

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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