Expertise names oXYGen Financial as one of the top Financial Advisors serving Atlanta

We Looked at 142 Financial Advisors serving Atlanta and Picked the Top 19 oXYGen Financial oXYGen Financial is a consulting firm in Atlanta that offers sound advice “to the X and Y generations.” The company rose in the aftermath of the 2008 crisis, and it now has more than 2,000 clients throughout the country. oXYGen Financial provides online client access, and its blog features interesting posts, such as “What Happens to My Frequent Flyer Points When I Die?” and “Why You Are Such a ‘Poor’ Millionaire?” The team offers a no-obligation consultation https://www.expertise.com/ga/atlanta/financial-advisors#oXYGenFinancial ...

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What Is A Financial Bubble?

A lot of clients ask me: When is the bubble going to pop? What is the next bubble on the horizon? How do we prepare for the next bubble? My question back to them is always: Do you know what a bubble is and how it works? A bubble, in the financial and economic sense, is a fast rise in an asset’s price followed by a contraction. Bubbles typically happen when the price of an asset is not justified by the asset itself but rather by the over-exuberant behavior of investors. When there are no more investors willing to pay the overinflated price, people panic and sell and the bubble bursts. We have seen countless examples of this over decades of economic events in the United States. Heck, even in the last 15 years we’ve seen multiple bubbles. 2005: An asset bubble occurred in real estate. Hedge fund managers created a huge demand for credit default swaps that insured mortgage-backed ...

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Financial Moves To Make When You Become A Freelancer

Imagine this: You recently lost your job or your job lost you, and now you have decided to take some freelance consulting job to pick up some spare cash. Or, you are finally starting that side hustle you’ve always dreamed of and your Etsy store is about to be up and running. Sound familiar? You fill out a W-9 in order to get paid, and a few weeks later a check comes in the mail made out to you.  You are overwhelmed with excitement because this is the first time no taxes have been taken out of your paycheck and you are feeling flush with cash.  At some point in 2020, you’ll be getting your first 1099’s in the mail, but what should you be doing here in 2019 to make sure your ducks are in a row come tax filing time? The reality is that most of you who earned your first 1099 will likely file Schedule C (sole ...

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Four Financial Moves For Government Workers During The Shutdown

Tesla came out with a big announcement the other week that they were laying off 7% of their workforce.  We never really know when our company is going to do that reorganization, deliver some pink slips, or dust off a set of severance packages to get some people out early from the company.  We can’t always predict when these things are going to happen, but we can certainly prepare by having a financial plan in place. Do you know how much you have in emergency reserves? How much monthly income would you need to survive if you didn’t have a paycheck for 3 months? What is saved up in all of your retirement plans? What are all of the benefits you have access to currently at work? These are just a few of the questions you should be asking now in the event that something happens to your job and it’s no longer there to pay the bills.  With the ...

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What’s the financial impact of a mosquito bite?

At Mr. Mister Mosquito Control, we believe mosquitoes are the worst creature on the planet. We have data to back it up—mosquitoes are the deadliest animal on Earth, killing over 800,000 people last year and, what’s more, Atlanta, GA was given the title of “American City With The Worst Mosquito Problem.” So what does that mean to my wallet you may ask?  In the mosquito world, we follow the ROE scale (Return on Enjoyment). All your hard work and all your investments are seen through the lens of increasing ROI. A higher ROI should directly correlate to a higher ROE.  ROE investments like swimming pools, Big Green Eggs, playsets and lake houses should result in a positive ROE.  Simple pleasures like having a catch with your child in the backyard, family dinner on the patio, having a sunset cocktail or lounging for a romantic evening by the fire pit are all outcomes of ROE. Mosquitoes are the greatest threat to ...

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Why Buying a New Car Makes No Financial Sense

My father loved new cars. He loved the look of them, the feel of them, and even the new-car smell. There is something glamorous and glitzy about parading a new car through your neighborhood to impress your friends. Every three to four years, my mother and father would go out and purchase a brand-new automobile. But there is nothing sparkling about buying an investment that will surely lose you money–no matter how much you convince yourself that it makes sense. As a child, you don’t really consider financial matters such as depreciation and how a purchase can be one of the worst things you can do to your family budget. But what if I was to tell you that you should give me $70,000 and within two years it will be worth $45,000? Would you invest your money in that kind of asset class? No matter how much the car may boost up your ego or social status, it simply ...

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Five Financial Moves To Make When You Change Jobs

Whether you leave your employer or your employer leaves you, changing jobs can be one of those money triggering events when you begin to take stock of where you are financially.    Job changes often bring along new responsibilities and challenges, and experience tells us that analyzing and maximizing your new benefits package normally goes to the bottom of the barrel.    This makes a ton of sense as typically the first three to six months in a new position you are immersed with the learning curve of a new role at a new company.    Having a financial advisor by your side can be a valuable resource to make these important decisions.   Here are five financial moves to make when you change jobs. Get all of your 401(k)’s in one backyard– When you hop from job to job, you may have left your 401(k) at your former employer.    I often refer to these as orphan 401(k)’s because most participants don’t pay attention ...

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