Nxt:Gen Financial Planning

For most of us, investing in the stock market is a way to build long term wealth. But for others, it is a game to be played for quick profit. Jim Cramer has a point here: yesterday's market route was a baptism by fire of sorts for amataur traders. The pros know the system. They know the strategies. They have the information. They have the computing power. It is a rigged game for the amature investor looking to make a quick profit. Don't always assume you have the upper hand, or you will lose your shirt to the professional trader on the other end who is holding all the cards.

Cramer thinks Wall Street pros may be playing a game with amateur Robinhood traders "They're fomenting action. Once you foment action, it brings in suckers and then maybe they'll buy the stock thinking that there's something going on," CNBC's Jim Cramer said Friday.

Taking care of those who have no voice is an awesome responsibility. But it is also a mentally taxing one. Veterinarians have one of the highest rates of su***de out of any profession. Not only does a stressful work environment contribute to this, but also high student debt burdens coupled with low salaries when compared to other medical professions.

If you are a veterinarian, please take some time to read for some helpful tips on how to manage stress. If you know a veterinarian, please share this with them. Let's work together in combating the mental health issues facing the profession by saying "Not One More Vet."

Raising Awareness of Mental Health for Veterinarians, and How to Help Mental health for veterinarians is a serious issue, with many vets struggling to cope under financial stress and feelings of not being good enough.

🚨 10 Ways to Prepare For Low Oil Prices During the Coronavirus Outbreak

Are you an 🛢and ⛽️ Pro concerned about your finances during these extraordinary times?

❓Are you financially prepared for an extended oil slump?

❓Do you feel your finances could not withstand extended unemployment?

❓How can you take advantage of low energy stock prices in a way that makes sense for the long-term?

You will get answers to those questions and more in the latest Nxt:Gen blog.

Working in the Oil and Gas Industry During the Coronavirus Outbreak? Here's How to Prepare Your Finances For those in the oil and gas industry during the Coronavirus outbreak, the global pandemic is exacerbated by an oil war between Saudi Arabia and Russia.

🚨 Relief may be coming to homeowners in the form of mortgage assistance. 🚨

“Federal regulators, through the mortgage giants Fannie Mae and Freddie Mac, are ordering lenders to offer homeowners flexibility. The move covers about half of all home loans in the U.S. — those guaranteed by Fannie and Freddie. But regulators expect that the entire mortgage industry will quickly adopt a similar policy.”

We are in this together. Stay safe and healthy, friends.

U.S. Orders Up To A Yearlong Break On Mortgage Payments The federal government is telling lenders to lower or suspend mortgage payments for up to 12 months for homeowners who have lost income due to the coronavirus outbreak.

Thinking about buying ✈️ 🎫s to your favorite travel destination on the cheap? Buying travel insurance just in case you decide to cancel because of Coronavirus? Make sure you read the fine print before you buy to see if a global pandemic is covered. Buying the insurance only to find out your claim is denied is no bueno.

Travelers are learning the hard way that their insurance doesn't cover a pandemic "What's the purpose of even purchasing the insurance?"” asked one traveler whose trip wasn't covered, despite the global pandemic.

New on the Nxt:Gen Blog

"Coronavirus and the Stock Market: What Should You Do?"

Coronavirus and the Stock Market: What Should You Do? When it comes to coronavirus and the stock market, should we be panicking, or taking a step back and using common sense and a little bit of history?

This thing is a bit nerve rattling. It's what the financial industry calls a "Black Swan Event." What is a Black Swan Event? It is something that comes as a surprise, and has a major effect on the markets. Although rare, they do happen.

So what should you do with your investment strategy? NOT A DAMN THING. If you're in it for the long-haul, then keep doing what you're doing and stay the course. Keep contributing to your 401(k), and don't touch anything. You don't want to miss the upside when it eventually comes. For additional context, the attached picture says it all.

"I done been on the other side of retirement, and it’s good when you get over there and you can do what the f**k you want to. Start taking care of y’all mentals, y’all bodies and y’all chicken. So when you’re ready to walk away, you walk away and you be able to do what you want to do.”

You have time and health on your side. Take care of your money today, so that when it's time to stop working, you can take care of yourself and your loved ones.

Take care of that chicken! Marshawn Lynch has some financial advice for young players in epic press conference Lynch urges players to take care of themselves so they’re ready for life after football.

A fact of life in the O&G industry. One way to prepare is to shore up your emergency fund. The second way to prepare is to postpone large purchases if you can. The more money that can go to your rainy day fund , and the less to large purchases during this time, the better prepared you and your family will be should you receive the pink slip.

A tough day for oil and gas workers Three Houston oil and gas companies Thursday said they would slash a total of nearly 600 jobs in Texas, a day after Occidental Petroleum began a massive staff reduction.

Remember: You can always take out loans to finance college education for your children. You CAN NOT take out a loan to finance your retirement.

If one of your goals is to help finance your child’s college education, the earlier you start, the better. Let’s talk about how to make that happen.

Rand Paul Bill Would Let Americans Raid Retirement Funds To Pay For College Financial advisors slammed the idea, saying it would create more problems than it solves.

As the decade nears its end, always a good time to reflect. When you sit down with your broker or advisor, here’s a few questions to ask:

1. Do we own funds that cost > 1%? If so, why?

2. Do we pay trading commissions? If so, why?

3. Do we earn 2% on our cash? If not, why not?

If you asked your broker/advisor those questions and don't like the response you received, give me a shout.