Know Risk

Travel is always a risk. We've all been there. Dozing uncomfortably in the airport because your flight was delayed, arriving at your destination to find out that your bags never arrived, or a last minute emergency keeping you from going on that long awaited vacation all together. According to the U.S. Bureau of Transportation Statistics, over 35,000 flights will be cancelled this year and more than 5,000 diverted to other airports. While these inconveniences may sometimes be inevitable, losing money doesn't have to be.

Travel insurance can help protect your investment, in case a cancelled flight or an emergency prevents you from taking the trip you planned. Unfortunately, many travel insurance policies are too pricey to justify themselves, and inflate the cost of your trip anywhere from 4% to 8%. This is where travel insurance credit cards come in. These credit cards offer a variety of options of coverage, and to make your search easier, we've identified the top 5 cards that offer the best travel insurance benefits.

Chase Sapphire Reserve®:

This card is the best for travel accident coverage, covering up to one million dollars in damages. It also offers up to a $300 annual credit for travel purchases, a fee credit for special access services like Global Entry or TSA PreCheck and luxury airport lounge access.

Chase Sapphire Preferred® Card:

This card not only offers a large sign-up bonus, but also covers up to $10K per trip in trip-cancellation, trip delay coverage of up to $500 per ticket, and $3k in lost luggage coverage.

Southwest Rapid Rewards® Plus Credit Card:

This card is best for loyalty airline rewards combined with travel insurance. According to WalletHub, with this card, "customers who qualify for a Visa Signature card will get access to travel protection benefits including travel accident insurance, an auto rental collision damage waiver, baggage delay insurance, lost luggage reimbursement and travel and emergency assistance services."

IHG® Rewards Club Premier Credit Card:

This card is the best for loyalty hotel rewards with travel insurance. This card also has interesting benefits like a free night stay at a participating IHG hotel each year you're a cardholder. It also offers coverage for trip cancellation and interruption insurance, baggage delay insurance and purchase protection against damage or theft.

United MileagePlus Explorer Business Card:

In addition to travel insurance, with this card, get 10,000 bonus miles per $25,000 spent. Other travel benefits include a free first checked bag for you and one companion on the same reservation, priority boarding and two United Club passes.

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Airbnb is a great option while traveling, but you should protect yourself from damage charges from unscrupulous hosts.

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.

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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."

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?

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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.