It's graduation season meaning thousands of recent college grads are embarking on their journey into "the real world," full of interviews, relocation, first jobs, and the transition into true adulthood. Exams have been scored, dorm rooms are cleared out, and the empty red Solo cups are left to dry out on frat house floors. Career time is here and college graduates are revved up and rearing to start their work lives with the same excitement and spirit they had as college freshmen.
Unlike colleges and universities, when it comes to where to start a career, the evidence isn't as cut and dry as a glossy brochure and a guided tour. That's why WalletHub, the personal finance website has released a report on 2017's best and worst places to start a career in the U.S.
WalletHub analyzed the 150 largest markets in the country and used 23 metrics to indicate which areas were the most career-friendly and which places flunked. These findings will be helpful for recent grads considering their current residence as a place to seek work or if relocation is a smarter move for their journey into the workforce.
Factors including highest monthly average starting salary, availability of entry-level jobs, job growth progression, affordable housing, workplace diversity, and more were weighed and measured, creating a formula for WalletHub to assess the best and worst areas of the country for newbies, maybe you, seeking a successful start to a brand new career.
The best places may surprise you, but for those living in or near these top cities, the news is surely welcome.
The top 5, according to WalletHub are Salt Lake City, UT; Orlando, FL; Austin, TX; Grand Rapids, MI; and Tempe, AZ. And for the bottom 5, Newark, NJ; Cleveland, OH; Augusta, GA; Montgomery, AL; and Toledo, OH, let's hope for the sake of the local economy and those who reside there that things turn around soon.
While Durham, NC didn't make the cut for the top 10 due to the overall findings, this city boasts the highest monthly average starting salary - $3,909 - based on the cost of living. And diversity in the workforce made Oxnard, CA a standout.
For the full list of rankings and more specific findings from the WalletHub study, see the entire report.
There's more than location that makes for a foot in the door, but knowing these facts can help young adults make wise career choices. But it takes personal responsibility and professionalism in order to make your way into the workforce no matter where your path takes you. Make a lasting and positive impression at your first interviews with these 4 tips for a better shot for hiring managers and business owners asking you back for a second meeting and the opportunity for work.
Graduation may be the end of an era, but as you embark on a career, new beginnings are right around the corner… just be sure it's in a city that welcomes you with open arms and plentiful opportunity.
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.