The Advantages Of Investing In Rental Properties

https://www.pexels.com/photo/home-real-estate-106399/ 

It is no secret that the current economic climate is not a desirable one. The political uncertainty has had an impact on the majority of people in the country. 

Making money through purchasing a property for the purpose of renting out

Companies are frequently advising their clients on the monetary rewards they can seek from investing in a rental property at the moment. There are companies like Altrua Financial that will enable you to find the best mortgage for you. They can also advise you on the different options out there at the moment.

Thus, for individuals seeking an investment opportunity at present, then they should certainly consider the prospects of renting a property out. Rental opportunities on the rise as house prices fall! This is unlikely to come as a surprise to many individuals. Ever since the political uncertainty hit the US, figures like this have become something of a norm throughout certain parts of the country. 

The decline in house prices is something that has been well-documented all over the country. Of course, this is only going to be applicable to certain states. There are some areas whereby house prices are flourishing. However, the key to success in this area is to make sure you look for areas whereby house prices are falling yet there is a flourishing rental market. This will make certain that you are able to locate the best money-making opportunities in the rental area.

After all, more and more people prefer to rent somewhere rather than pumping the majority of their capital into the purchase of a property. They see it is something which is a lot safer at present when keeping in the mind the state of the economy. Therefore people seeking investment opportunities are frequently being advised to seek real estate with the purpose of renting it out. 

How to make sure you make the most of this money-making opportunity 

Of course, in order to make this opportunity a successful one, you need to consider all of your options carefully and you need to look for a property with care. Consider your target market too, i.e. the sort of people that you want to rent a property too. This could be anything from families to young professionals and students. This is important because it determines the manner in which you go about marketing your property and, indeed, the various platforms you use in order to do so. You can also learn a lot from joining forums and reading about what other landlords have to say. You will find lots of useful advice. 

Finally, it is also worth considering that renting a property out is something which can be done in order to ride the storm until the housing market picks up. This means that individuals can hold out for a better price. All in all, the option of renting is certainly an advisable investment strategy at present.

Are You Ready For The Twenties?

Image by plonk66 from Pixabay 

The twenties are here again! 

We are just a few days into the year 2020, a new year, a new decade, and a fresh start. This year marks a new decade of opportunity for you to move forward, for you to define your own success and achieve whatever it is you want to. 

It is entirely up to you what you want to do with this new decade; it is a blank page. Whether you plan on maxing out your 401k this year, want to start a family this decade, go back to school, get a new job or lose weight, you can do it; you just need to prepare yourself before you can get started. If you were on the path you wanted to be last year, and you want to continue that, then go for it. Or if you’re looking for something new and you want a change, then now is the time to look back over the last year and reflect on what did and did not happen.

There are a few things you can do to help you determine what you really think about last year, start by describing your 2019 in three words, think about what genre a book would be if someone was to write about your life in 2019. Would it be a comedy, a romance, a drama? What would you do differently, and why? Write a list of your accomplishments from the past year, big or small, because before you turn your sights to what’s next, it’s essential to appreciate what you’ve done already so that you appreciate what you do as you go through 2020. 

Look at where you are now and how you got to where you are now. Which decisions proved brilliant – and which ones would you change if you could? Create a list of the biggest lessons you have learned over the last year and the ones you will take with you into the new year. If you can’t remember off the top of your head, look at your planner or social media pages to refresh your memory. Don't waste your time on any lessons that will tempt you to hold yourself back or be detrimental to whatever it is you want to achieve. 

Once you have looked back, then it’s time to look forward to what the new year might bring. What do you want to see in 2020? What do you want to discover? What do you want to explore? And what do you hope your everyday life will be like?

Finish as Many Small Tasks as You Can

You can start with the small, but equally important things and book any outstanding appointments you’ve been procrastinating on. Get your car serviced, go to the doctors or visit the dentist. Don’t let these kinds of things hang over you! The more small tasks you can tick off your to-do list, the better prepared you’ll be to get going on your goals for the new year. Don't worry if you haven't done this yet, it is only the first few days of January, so it’s not too late. You can use this month as a prep month for the rest of the year. Taking care of the small tasks will ensure that you start the year off, focusing on the bigger things rather than playing catch up. 

Ditch High Expectations 

Forget expectations that are too high; you will only set yourself up to fail; it is far better to be realistic. Remember that really great things will take time, and while this can feel discouraging along the way, if you set small attainable goals that you can accomplish, then you will feel good about it and can work toward the bigger goal.

Explore What is Most Meaningful to You

You are more likely to achieve something that you are passionate about. It's important to focus on things that really do matter to you, things that you can see, and appreciate the benefits of things that will bring you closer to your ultimate goal and what you want for the future.

Make A Game Plan

Once you've done your reflecting, then it's time to turn it into action by properly setting goals. As mentioned, create a bigger goal for the entire year, but make sure you add smaller goals that will help you to reach your main goal. Once you know what you want, then you need to create an outline of how you will achieve each of these small goals and a timeline of when you want to accomplish them. Again, be realistic so that you don't get discouraged and make sure you plan ways to ensure that you stay on track. 

It's important to revisit your goals and your action plan at least four times a year because it's not unusual for peoples' goals to change throughout the year, and there are a number of different reasons why this might be. You might decide to change your job, you may get an unexpected promotion, or perhaps you'll lose your job. If your circumstances change, then your goals will understandably change too, and rightly so.  

Create A Plan For When You Feel Discouraged

Being realistic, there are going to be times when you want to give up, you don't see any progress, things aren't going your way, and you don't see the point anymore. These thoughts will hold you back from succeeding. It's inevitable that you will make excuses and put things, so when you're preparing for the new year, you need to prepare for these setbacks too, know that they will happen, and don't be disappointed with yourself when they do. 

Take Time to Recharge

There will always be times when you need to relax and rejuvenate so that you avoid burning out and can continue to be happy and productive. Remember to plan time to recharge and engage in activities that are meaningful to you. Self-care can be anything from rest, participating in healthy activities such as yoga and meditation, or just doing what you love and spending time with people you love. Taking care of yourself is essential to your success, but it is often placed low on the priority list.

Set yourself up for success in 2020 by being purposeful with your goals, and believe in your ability to accomplish them!

Panda Planner Classic Review #PandaPlanner with Update

I'm kind of in love right now and it was a total accident. (oh man, I hit "publish" on this post I started last spring and did not mean to, so you get what you get today, friends, with an update at the end)

I was proofreading for a client on Fiverr and in her nonfiction book she mentioned using her Panda Planner.

I stopped proofreading and said, "What the heck is that? I saw the word PLANNER. I love planners but I have not found the perfect one for me yet. I tried bullet journaling and that was the closest I got to moving to the town of Crap Togetherville, but then of course I quit because I suck at consistency."

Then I hit the Google.

Cue the sappy love music as I gazed upon the planner.

Wait, no. Not yet.

First, I had to hit the YouTube to find a review that would show me EVERY INCH of this thing before I committed. And I still did not commit. I was intrigued but thought maybe it would be too much work to come up with an affirmation for each day and figure out my wins and do-betters and tasks and priorities. But dang, THREE ribbons to keep track of your MONTH, WEEK and DAY? I really had no excuse to not get my crap together.

There was a 25% off deal the day I bought mine. And I got free shipping. And could pay using PayPal. So bam. $20ish and I committed. True, there are 6 months of monthly pages but only 90 days of daily pages. You can skip a day or two if you go on vacation or just take a day off where you don't have much happening. For me, I won't be skipping any days, that's for sure. I saw a vision of my future and it looked like this:

It's the year 2050 and I have been using 4 Panda Planners per year since 2019 and they are all lined up on my lovely built-in bookshelf my husband finally built for me.

Except my future will be more colorful because they have fantastic colors of Panda Planners and also my own books I will have written will be mixed in as well because I will be so uber-productive that I will have no choice but to publish 10 books a year on extremely helpful and awesome topics such as Homeschooling With Less Stress and More Fun and Learn to Relax by a Swimming Pool.

I got the Classic because I wanted to be able to carry it around with me. I liked the idea of the 8 1/2 x 11 size but dang, that's huge. I will have to learn to write tiny. I will survive.

Another cool thing about Panda Planner is that they send you emails with useful information. Like this post of 10 books about procrastination!

UPDATE A COUPLE OF MONTHS IN

CONS
I'm not really doing the GRATEFUL or EXCITED parts. Not doing the AFFIRMATION, FOCUS or EXERCISE parts. Sometimes I might log my Fitbit steps on EXERCISE but not usually. The FOCUS usually remains the same every day: SURVIVE.

The cost is a little prohibitive for me most of the time. Still I am torn because it's kept me the most organized I've ever been. A simple medium-sized spiral notebook would work okay and be 1/10 of the cost, but I'd have to write everything out in the format I want it to be in.

I'm not using the planner for all it could be used for. I really just need a spot to put the day's events (10:30 Mass, 2:30 dental appointment, 6 p.m. movie, 4:30 Joel goes to work) plus a place for daily tasks and a quick spot to write down vitamins and supplements I've taken. I could use a cheap spiral for this and carry it around but it could easily fall apart.

I'm not using the WEEKLY section at all. I tried, but I write down things I just can't seem to ever fit in. I'm not realistic. There is a PROJECTS section and someday I'll put things in there like CHICKENS, RAISED-BED GARDEN, PLAYHOUSE FOR GRANDKIDS, MEMOIR. At this point in my life, projects are things like slowly working on getting Michael his driver's license, getting Joel his Eagle Scout award, getting a kid reading fluently, getting a kid to understand place value. The WEEKLY section is overwhelming to me.

PROS
I do enjoy the TODAY'S PRIORITIES part since there are 5 spots and I have 5 kids and they are my priorities.

I love the pocket in the back.

I love the band that keeps it all closed up.

I love the monthly view; it has come in handy many times when I've been out and someone has told me about an event that I needed to write down.

Instead of having random pieces of paper in my purse or a notebook I never look at again, I generally WORK THIS PLANNER ... I move things from day to day that aren't getting done, try to get more realistic with my time, etc.

UPDATE as of January 2, 2020 and I am not using this anymore. I can't justify the cost! Shocker: as someone who probably has  ADD, I bounce from planning system to planning system and find it hard to stick with anything. Bullet journal is what I'm doing now. Sometimes a huge DayTimer. Sometimes I ignore it all and just type things on my computer in Word day to day. Google Calendar also rocks and gets me realistic with my time. Sometimes I'm gung-ho about planners and sometimes I rebel and ignore them for weeks on end and still somehow manage to get things done.

Tell me about your relationship with planners!

As of March 2020, I had to start a new Category on the side of the blog for PLANNING because I love it so much. I'm about to receive my large Passion Planner in the mail and use it alongside a cheap composition notebook for daily things. I'll keep you posted!

How to Balance Your Side Gig with Your Full-Time Job

It's becoming increasingly common: middle-class men and women are taking up side-jobs and freelance assignments in order to bring in extra cash. The so-called "gig economy" is growing, and fast. And it's easy to see why, as it allows individuals to work on their own time, at their own schedule, to earn extra money. However, while the extra money is certainly good, it can lead to a packed schedule that makes it difficult to maintain a healthy work-life balance. Here are ways that you can balance your side gig with your full-time job. Yes, it is possible to have your cake and eat it too!

Side Gigs: Abundant and Available!

Before we discuss how to balance your side gig with your full-time job, you may be wondering what jobs are available to you and how to get them. Many people have an interest in taking up extra work on the side but don't know where to start. The options are actually quite diverse.

Ride sharing apps like Uber and Lyft are two of the easiest ways to get started; simply download the app on your smartphone, create an account, and get started. Anyone with a car that is properly maintained and relatively new can start earning money today. There is also the lucrative (yet highly competitive) field of online freelancing. Thankfully, sites like Fiverr and Freelancer allow individuals who possess the talent but lack the network to have a fighting chance at landing gigs.

Of course, there is also entrepreneurship. If you have dreamed of starting your own business but fear the risks, consider running your business on the side while you develop and grow your clientele. Some entrepreneurship options, such as Amway, allow you to leverage a vast support network while selling products with a proven track record. Other options, like Etsy, are perfect for individuals who craft their own wares, like jewelers or artists.

Essential Tips and Tricks

With that out of the way, let's get to the heart of the matter. Holding down two jobs isn't easy, particularly if one of them is a full-time job. But it is possible, and millions of people across the country are doing just that (and earning extra money in the process). Here are some essential tips and tricks that can help you cope with the demands:

1. Be Prepared to Work

There's no getting around this. Taking on a side gig will likely mean sacrificing a night out with friends, a fancy meal with a loved one, or an opening night show at the cinema. You must be prepared to work hard. You will be busy!

2. Wake Up Earlier

Part of working hard means giving yourself extra time in the day to do the things that used to be routine. This may include doing the dishes or washing the laundry. Or perhaps it's fixing lunch for your school-aged children before they wake up. Set that alarm clock an hour earlier.

3. Leverage Your Day Job Skills

If you work in a professional field and are proficient in a specific skill, the odds are good that someone is seeking the very skill that you have, and are willing to pay for it. As the gig economy becomes more pervasive and commonplace, more and more companies are becoming comfortable with freelancers. Start leveraging your expertise.

4. Get Organized

Taking on freelance work means having to meet deadlines, satisfy job requirements, and schedule your own work time. There will be no regimented 9-5, Monday-Friday schedule to coddle you along. You will be responsible for everything. So do yourself a favor and get organized! It will make everything easier. Look into getting one of these 11 best alternatives to Wunderlist to keep tasks and deadlines organized right on your phone.

5. Remember to Unplug

If you work too hard, you run the risk of burning yourself out. And if that happens, you can't help your employer or yourself. Remember to give yourself free time. As a freelancer, it's important to take a break every once in awhile for peace of mind.

6. Maintain Open Lines of Communication

Most companies allow their employees to work independently outside of the office, so long as it doesn't result in conflicts of interest or affect your work in the office. If you decide to sell Amway or drive for Uber, be upfront with your boss so that expectations are clear.

Considering a Side Job? Go For It!

It may be challenging at first, but maintaining a full-time job while freelancing or starting a business on the side is possible. And if you stick with it and dedicate yourself to achieving your goals, you will likely find that the rewards more than justify the means. Follow the tips outlined above and you can maintain a healthy balance between your full-time work and your side gig. And who knows: perhaps it might even enable you to ditch your full-time job altogether!

Getting to Grips With the Nuts & Bolts of Running a Business

There’s an element of glamour involved with starting and running a company these days. You don’t have to look too far in the business press to hear phrases like ‘startups are the new rock ‘n roll’, and it’s true that there has never been a better time to set up on your own.

However, unless you get the unglamorous things right, the chances are your business will fail before it even gets out of the traps. Here are some things to bear in mind when it comes to getting to grips with the nuts and bolts of running a business.

Picture Credit

The big problem with your business plan

Nothing is more important than creating a business plan when you are just starting out. Everything about your business idea, including concept, marketing, and financial plans must be sketched out in full before you lift a finger.

But don’t allow your plan of activities to become a problem. Markets, people and trends change all the time, and if you aren’t flexible enough to change with them, your company will be unlikely to make it in the long-term - it’s that simple.

You can't do everything

People that start their own companies get used to doing everything themselves - and it’s not much of a surprise. After all, with no profits coming in, how can you afford to pay staff or outsource critical tasks? However, it’s a good idea to realise you can’t be a jack of all trades if you want to establish some success.

Not only will your expertise in each area be tested to its limits, but you also suffer the prospect of burnout. It’s important to spend time working on your business rather than living inside it - and finding the right level of expertise to help where needed is critical, even at this early stage.

Operations is key

However, once you start hiring people, it’s essential to have a structured way of working - defining your operational procedures. A lot of startups and small businesses have an operations policy of ‘winging it,’ unfortunately, and it’s common for them to end up in serious trouble pretty quickly.

There are a few ways of ensuring you have a good structure in place for your company. The first is to learn about the processes you need - you could do an operations manager degree online or something similar. The second is to hire someone - either a full-time operations expert or an outsourced business consultant. The day-to-day running of your firm isn’t what you dream about when it comes to being a startup superstar - but it is vital to your chances of being able to live that dream in the future.

The legal stuff

It’s easy to forget about your legal obligations when you are working alone from a home office. But the second you start trading, paying taxes, hiring people, and trying to be a responsible company, you just can’t afford to ignore the law.

A good business lawyer will help make sure you are ticking all the right boxes when it comes to legal matters, and there’s also plenty of evidence that suggests your very first hire should be a human resources expert. Many small businesses have collapsed due to worker compensation claims, and it’s vital you take the health and safety of your employees, customers, and visitors to your premises seriously.

Any more tips to add about the nuts and bolts of business? Share your thoughts below!