The NextGen Wealth Weekly Roundup July 12, 2019
5 minutes reading time (947 words)

The NextGen Wealth Weekly Roundup July 12, 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 7 12 2019

Stocks rose today after a record-setting week, after a top Fed official indicated that a rate cut is in the future. The Dow Jones Industrial Average hit an all-time high after climbing 150 points, and the S&P 500 also reached a record after moving .2% higher. 

The Dow Jones has risen almost 16% this year, largely due to a jump in healthcare stocks that pushed it over the 27,000 mark for the first time ever. Microsoft has been the top performer in the index, reaching over 50% this period. Visa came at a close second reaching above 48%, with Cisco and Nike not far behind with gains of more than 35%. 

Over the next couple weeks the focus may be shifting towards earnings, as earnings season is almost here. Companies are not expecting a good outlook due to the remaining trade uncertainty, but for now markets continue to hit new all-time highs. 

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.

10 Downsides of Early Retirement

First up, we turn to ESI Money with some potential downsides to early retirement, both monetary and non-monetary. Although not everyone may face these potential downsides, it is important to be aware of them before you decide to retire at an early age. Read on to find out some ways to combat these downsides and enjoy an early retirement!

10 Downsides of Early Retirement - ESI Money

The following is a post which originally appeared at Budgets are Sexy. Last year I wrote a guest post for Budgets are Sexy titled 10 Things I Didn't Expect in Early Retirement. The post detailed ten awesome things I had discovered about early retirement. The article was picked up by Business Insider and created quite ...

23 Best Work From Home Jobs to Make Extra Money

Next up, we turn to Melissa from the Perfection Hangover with some job opportunities for those looking to work from home. Nowadays, more and more people are looking to give up the daily commute and typical 9-5 and work from the comfort of their homes. From freelance writing to blogging, this article shares some practical ways to earn an income from your home. 

23 Best Work From Home Jobs to Make Extra Money

Researching the best work from home jobs available can be quite tedious. Working back-to-back double shifts is exhausting. Even the daily 9-5 grind can become wearing (especially when you aren't fulfilled in your current role). To help with your search, we've compiled a list of the most flexible jobs including everything from online business to freelance jobs and telecommuting jobs.

The Complete Guide on Emergency Funds and Cash Reserves

Next up, we turn to The Money Mix with helpful information on why you need an emergency fund, and how to decide how much to set aside. Life often throws unexpected expenses our way, and having a “rainy-day fund” can help you feel much more prepared. Take into account your personal situation and current income to decide how much to keep in your emergency fund. 

The Complete Guide on Emergency Funds and Cash Reserves

For many topics in personal finance, there are seemingly as many critics as there are advocates. "The stock market is too risky," "You can't retire early because you need health insurance," "You shouldn't travel because it's wastefully expensive." I don't agree with any of these perspectives, but you hear people offer them as feedback.

Top 5 Lessons from Sports on How to Be Better With Money

In our final read of the week, we turn to Physician on Fire with an interesting comparison between sports and managing money. Using some famous sports quotes, the Physician on Fire relates these to some ways on how you can “win” with money. Whether trying to win at sports or personal finance, the keys to success can often look the same. Read on to learn some more about how to apply these sports lessons to your finances. 

 

Top 5 Lessons from Sports on How to Be Better With Money - Physician on FIRE

Alright sports fans, listen up! Dr. James Turner has been listening to more than his share of SportsCenter, and believe it or not, he's learned a thing or two about how to be better with money in the process. You see, the keys to success that apply to one discipline often translate to numerous other endeavors.

Things We Were Up To This Week

How to Dominate Debt

If you're like most Americans, you have a substantial amount of debt. Unfortunately, accruing debt is all too easy in modern society, which means that it's incredibly difficult for some people to get on top of their money and take back control. However, just because it's challenging doesn't mean it's impossible.

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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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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