The average American is expected to move a total of 11.4 times in their lifetime: that's a lot of U-Haul trips to be paying for. Here are a few essential things you'll need to know before (and after) you pack those boxes.
Sell the Junk
Or just junk it. Anyone who has read (or talked to somebody who's read) Marie Kondo's The Life-Changing Magic of Tidying Up: The Japanese Art of Decluttering and Organizing, knows that there's nothing healthy about hoarding. And most moving companies base their fees on cargo weight. So, all those souvenirs, books you haven't quite gotten to yet and swag from that job three jobs ago? If they're worth anything, someone else will buy 'em.
Plus: if you can't sell it, most charities will come on by and pick it up as a donation. They'll will even give you a value on your donations, allowing you to write it off your income taxes! Learn more about that here.
For an idea of how much your things are worth, here's a great donation valuation guide from Goodwill.
Never Pay For Boxes
Companies will try to sell you boxes: U-Haul sells them anywhere from $0.99 to $2.45 or in bundles that can go up to over $300. Forget about it. If you live in a city, or even any kind of small town, most businesses—particularly liquor stores and print shops— will be abundant with boxes they are desperate to get rid of. Just don't wait until the last week.
If you're feeling timid, check out freecycle to find out what people are dying to give away.
Another big secret: some boxes at the post office are free.
Move at the Right Time
According to an analysis from Unpakt, a comparative pricing company for moving services, the cost of actually moving from one-bedroom apartment can cost anywhere from $840 to $4,460, depending on what time of the year and the month you plan it. Try to get as much moving as possible done before the end of the month. And if you have any choice on what time of year, pick a time of that's not between the middle of May and the middle of September. It may be cold out, but your pocket will thank you.
The world is bigger than U-Haul and now. Don't stop yourself from getting an estimate from the big boys, but there are so many new app-based moving companies out there; check out bellhops, ghostuck and zootly, just name a few of the bigger ones. Zootly will put you in touch with the closest and most reliable movers in your immediate vicinity while bellhops employs college students to move your things on the cheap. And don't forget, you can always take your lower estimate to U-Haul and they just might match your price!
Finally, make sure you let the IRS know you've moved—even if you've set up a forwarding address. A lot of mail stops getting forwarded after 60 days: especially mail like tax returns. Another tip: if your move can be tied, in any way, to your job you might be able to write the whole thing off.
Airbnb offers an affordable option for people looking to be more comfortable as they travel.
However, there are downsides to staying in a host's home rather than a hotel. Whereas hotels are designed for constant streams of visitors and often have furniture built to last, at an Airbnb, you may be staying on old or cheap furniture that a host is using in order to maximize their profits.
And while most reputable hotels will have regular room inspections from staff to check for any wear and tear, Airbnb damage disputes are oftentimes he said, she said situations. If you are in an Airbnb and something breaks, there are a few steps you should take in order to ensure that you are not on the hook for damages out of your control.
If you're keeping tabs on the art and tech worlds, you've probably been hearing whispers about "NFTs" for the past month. Just over the past week they've entered the mainstream lexicon.
Twitter founder Jack Dorsey made the news for selling his first ever tweet. The app has been teasing paid subscription models and newsletter-like features, but tweets for sale is "the next frontier."
just setting up my twttr— jack (@jack)1142974214.0
The 2006 tweet went up for auction as an NFT, and the current bid is $2.5 Million. But what does it mean to own that? Why would anyone want to? And what even is an NFT?
Long gone are the days when the majority of Americans dreamed about owning a home with a white picket fence.
The traditional American Dream may be on its deathbed, but that doesn't mean a core component of the vision can't survive. It simply takes a diverse perspective. People can still believe they can attain their own vision of success in society with hard work, knowledge, and risk-taking. Investing in today's American Dream may literally mean investing money in our modern economy, starting with our infrastructure.
Real estate investing in particular is a lucrative method that can boost income and secure a better financial future for many. There's always risk involved, but the payoffs can far outweigh the uncertainty. Selecting solid financial investments is about confidence and competence. If you're looking for some advice on this kind of investment, here are a few savvy tips for new real estate investors.
Stick To a Specific Strategy or Niche
Real estate is a challenging sphere of the business world, one that requires several key skills: groundwork knowledge, networking, perseverance, and organization. True knowledge of the real estate market will come with time and experience, but it's a smart idea to select one area of the market and stick to it. This is the best way to attain in-depth familiarity with your specific niche.
First, choose a geographical area close by and then a niche strategy within it, such as house flips, rental rehabs, or residential or commercial properties. By doing so, you can become aware of current inner working conditions in the market and you'll have a better idea of how these trends may change in the future.
Be Vigilant About Viable Financing Options
While it takes money to make money, you don't have to use all your own money. A common misconception about real estate investing is that you must be wealthy to start off. This isn't straight fact, however. A majority of people can test the waters of real estate investing without a lot of initial cash in their pocket.
Aside from traditional financing options from banks and institutions, private lending options can be worthy solutions. Hard money lenders are popular, reasonable choices, and they tend to have fewer qualification requirements upfront. However, be sure to strategically choose a hard money lender to find the best possible fit.
Master the Art of Finding Good Deals
There may be hundreds of thousands of available properties for sale on the current market, but the bulk of them will never amount to the final money-making result you desire. Another great tip for new real estate investors is to use good math to estimate profit. Taking risks is part of the process, but you have the ability to analyze properties and use networking sources to find the greatest deal. You can't win every deal, but you can steadily work towards a thriving financial future.