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Archive : May 2020

Working From Home with Kids: 7 Tips to Make it Work

This unprecedented time has brought forth a slew of challenges, one of which has been glaring for many: working from home with kids is hard.

 

And with summer here and many summer activities cancelled, how do you balance your work life and home life? Here are 7 tips from Metroplex Wealth – your source for retirement planning near Dallas – on how to maximize this time:

 

Allow Flexibility

Your schedule may look different during this time. Many it’s not a traditional 9-5. Pay attention to when you have scheduled meetings and work around those times. Maybe your schedule is 2-hour blocks throughout the day. Give yourself flexibility to get some work done, then take the dog or kids out for a walk.

 

Create a Designated Workspace

 

For some working from home – full time or part time – is normal. For many, this experience has been new. Find a place in your home that can be a designated workspace, away from the noise where you can focus on the work at hand. Avoid setting up shop in the dining room or in a high traffic area of the home where distractions are plentiful.

 

Take Advantage of “Off Peak” Hours

 

Do you an early riser or a night owl? Take advantage of these “off peak” times when your family may be sleeping to get some extra work done. It’s amazing how productive you can be in the early hours of the day on a full night of sleep!

 

Set Daily Priorities

 

Prioritize your tasks in terms of things that must happen today – and things that can wait. Tackle the “must dos” first, then as you work down the list, you can begin working toward accomplishing more. Assuring the tasks that must get done are completed will relieve stress and give a sense of accomplishment.

 

Give Kids Additional Responsibility

 

Kids can do more than we often give them credit for. Teach them how to do common household chores, make their own breakfast, or get their own snacks. Delegating these common interruptions will give them a sense of accomplishment – and give you more time to get work done.

 

Dress Up your Workspace

 

It’s true that if we enjoy our workspace, we’re more productive and more likely to spend our time there. Do what you can to make your new workspace feel inviting and productive. Add greenery by moving a common houseplant to your desk from another area of the home. Buy a few simple organization bins or shelves to keep your supplies organized. As we work on retirement planning near Dallas from our home offices, we find that these little touches can go a long way to better productivity.

 

Give Yourself Grace

 

Working from home with kids isn’t easy. Some days are going to go well – others might involve your child in front a screen all day while you’re hope for a little quiet time to get your work done. Give yourself grace, knowing this season will pass and your kids will likely remember this time with fond memories of their time at home.

 

If you’re evaluating your retirement plans during this time and want to know how this current pandemic might be affecting your long-term financial goals, Metroplex Wealth would love to talk with you. Our team specializes in retirement planning near Dallas and can help with all of your financial planning needs.

5 Misconceptions About Life Insurance

Most new clients have some sort of preconceived ideas about life insurance. And whether or not they already have life insurance, chances are they are underinsured.

 

At Metroplex Wealth, we’re here to set the record straight. We work with clients daily to optimize their retirement planning near me in Southlake, Texas. Through our years of experience, here are 5 common misconceptions about life insurance that we often encounter:

 

  1. You Can’t Purchase Life Insurance with Health Issues.

Sure, having a preexisting condition like diabetes or high blood pressure may raise your rates, but typically, term life insurance can still be had – even if you do have pre-existing health issues. A firm for retirement planning near me can get quotes from several different companies, ensuring you receive the best rates and the best package to meet your financial needs.

 

  1. I Already Have Life Insurance. I’m Good.

Already owning life insurance is a great place to start! But our next question is, when was the last time you assessed your life insurance needs? Often, our life changes – we add more children, we buy a new house, we become empty nesters – but we forget to reevaluate our life insurance strategy and whether or not we have the appropriate coverage for the next stage of life. It’s also important to note that life insurance that is offered from work, while valuable, is rarely enough to provide the coverage you need.

 

  1. The Premiums are Too High.

At Metroplex Wealth, we think you would be surprised to learn the cost of various insurance premiums. Many clients actually overestimate the premiums on coverage! Even the premiums on a $2 million dollar policy are very affordable when you look at the big picture and securing the financial freedom of your loved ones.

 

  1. Singles Don’t Need Life Insurance.

Each and every client, single or not, needs to evaluate their life insurance needs. Even if you are single, there may be sound reasons for life insurance. Do you have children? Do you own your own business? Are there aging parents relying on you? The last thing you would want to do is leave someone else with a financial burden upon your death.

 

  1. Putting Money in Savings is Better than Life Insurance.

Proper retirement planning is based on a healthy balance between saving and insurance, with life insurance being a key component in many strategies. Often clients have the best intentions of saving, but those intentions often fall short, leaving glaring gaps in their financial security.

 

At Metroplex Wealth in Southlake, Texas, we look at all aspects of retirement planning near me. If you are in need of life insurance, or are unsure if your coverage aligns with your financial goals, let’s talk about it. Give us a call today to set up a consultation.