It's a New Year and time to look forward to a fresh start. For some, this means seeking out a new job. With the unemployment rate falling and the hiring rate on the upswing, 2018 is set to be a year of prospects and potential.
As per the personal finance website WalletHub, "College graduates, especially, will see a strong boost in their job prospects. According to the National Association of Colleges and Employers, employers plan to hire 4 percent more members from the Class of 2018 than from the previous graduating cohort."
But even those already in the workforce can look forward to new job possibilities in 2018. There is no time like the present to jump into a new career, seek out a better salary, or even move to a new city with more opportunity. That is where WalletHub's recent report comes in – 2018's best places to find a job in the U.S.
182 American cities were reviewed and ranked based on their "indicators of job-market strength" across two key dimensions – socio-economics and job market. 26 metrics were studied by WalletHubs's panel of experts throughout each city and weighed accordingly based on WalletHub's unique methodology. These factors included job opportunities, employment growth, average monthly starting salary, unemployment rate, median annual income, average work hours, average commute time, affordable housing, etc.
After all key indicators were measured and scaled, the WalletHub team listed all 182 cities looked at from 1 to 182. Which cities came out on top for the best places to find a job in 2018? Here are the top 10 cities. If you are seeking a new job this year, you are in luck if you live in one of these places. Or perhaps you will consider relocating to find your dream job. (#1 is the overall best).
3.San Francisco, CA
Arizona is looking great for job seekers in 2018, taking 4 of the 5 top slots. The weather may be dry, but in terms of career potential, the opportunity is overflowing!
As for the bottom 10, here are WalletHub's worst places to find a job this year. (#1 is the worst).
6.New Orleans, LA
Three of Alabama's major cities landed in the bottom 10. Would you move out of state for a better job or at least the chance for one?
Some noteworthy tidbits from the WalletHub report…
Looking for a nice starting salary? Then again, who isn't? The highest monthly average starting salary based on cost of living was found in San Jose, CA - $5,441. San Jose ranked at 32 on the WalletHub report.
The highest median annual household income (also adjusted by cost of living) is $89,013 found in Columbia, MD. Columbia came in at an impressive #15.
Where is unemployment at its worst? That would be Detroit, MI with a 10.9% unemployment rate. Detroit ranked at 181, just a point shy of coming in last.
For more information about this job-related WalletHub study, their methodology, and the full 182-city ranking, please see the entire report. To read some information about 2017's best and worst cities for jobs, see PayPath's review of last year's study where Scottsdale, AZ came in at the top of the list and Detroit clocked in as worst.
If you are seeking a job this year, good luck! May where you live be an attribute when it comes to your future success.
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.