For many Americans, our jobs are our lives, and it's only logical that we are willing to make sacrifices. We work long hours, we forgo lunch breaks, and we even uproot our lives to follow opportunity. For those of us wanting and willing to move to a different city (or country) for our jobs, it's important to consider some questions before making the choice.
1. What will it actually cost me?
Knowing that you will have a higher salary in a job outside of your current city is not enough to guarantee a better quality of life. Your adjusted cost of living will have to take into account items like your salary, moving costs, and city-specific costs. Before accepting a position, always be sure to check rents in that area to make sure you will be able to cover your new expenses. For help calculating the cost of moving to another city, you can calculate it here.
2. Have I dealt with what I'm leaving behind?
We all have family, and have to remember that any major life choice we make will ultimately impact them. But where does one draw the line between following personal dreams and staying behind with family? Talk to your family about this decision, and make sure they understand why you will be going through with it. If they're down to join you, all the merrier. But if not, remember, you can always take time off to go and see them!
3. Can I find a new home near my job?
Commute time is a huge determinant of job satisfaction, so it's important that you are able to find a new home near your job. Start your research now and don't get shut out of prime renting opportunities. Here are some tips from Sparefoot about apartment-hunting.
4. Do I see long-term opportunity for growth?
Moving for a job is almost like moving for a significant other. While of course, it won't always work out, you want to minimize that chance. Make sure that you know exactly what you're getting yourself into. Ask as many questions to your employer as will make you comfortable to know you're about to embark on a long-term change for the better. Make sure that you know everything you can about the company so that you can avoid surprises during your first month on the job. Your new employer should understand that this is a big decision and be open to transparent conversation.
5. Have I weighed the pros and cons?
The decision to move for a job is personal, and there's no general checklist we can give you. However, you need to consider what's important for you in a new city. Is an urban landscape more important to you then accessible nature? Are you willing to raise your family in this new city if you end up keeping this job? Can you make friends here? Make a list of things that are important to you and do your research on this new city. For starters, here are some really smart ways to meet new friends in a new city.
Moving for your job can be a difficult choice, but it can also be extremely fruitful. Think carefully before embarking on this new adventure!
For more information about moving for a job, click here!
- 20 Questions To Ask Yourself Before You Relocate For A Job ›
- Cost of Moving for a Job - The Muse ›
- 9 Things to Consider Before Relocating for a Job | Careers | US News ›
- Don't move! 5 reasons not to relocate for a job - CBS News ›
- Questions to ask yourself before you relocate for a job - Business ... ›
- Should You Move For a Job? When Relocation Makes Sense — and ... ›
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.