What is the best Alaska cruise for couples? If I could only do one Alaska voyage with my spouse, I know which one I would pick: A seven-night sailing out of Juneau on one of UnCruise Adventures’ small ships.
I love the adventure focus of these tiny, no-frills ships, which hold fewer than 100 people and focus on getting travelers into remote parts of Southeast Alaska for hiking, kayaking, whale watching and other outdoorsy pursuits.
That said, an Alaska cruise with UnCruise (so named because its cruises are designed to not be like a typical cruise) isn’t for everyone.
For more cruise guides, news and tips, sign up for TPG’s cruise newsletter.
If your idea of the perfect couples cruise to Alaska is being pampered at every turn (and you’re not worried about your budget), you might want to sign up instead for a sailing with an ultra-luxury line such as Silversea Cruises, Seabourn or Regent Seven Seas Cruises.
If you’re looking for an Alaska cruise for couples that won’t break the bank, I’d probably steer you to one of the Holland America ships sailing north to Alaska out of Seattle.
In short, there’s no one answer to the question of what’s the best Alaska cruise for couples. Many cruise ships and itineraries could fit the bill, depending on your vacation preferences.
Here we list our top picks for the best Alaska cruises for couples.
An off-the-beaten-path Alaska adventure with UnCruise
You’ve probably never heard of UnCruise Adventures. It’s such a tiny brand that all the customers who sail the line in a year probably wouldn’t fill a single giant Royal Caribbean ship. But if you’re a couple looking to get off the beaten path in Alaska for adventure, it’s the ship-based travel company you want to get to know.
Sign up for our daily newsletter
Specializing in Alaska trips, UnCruise operates a fleet of super-tiny vessels — the biggest carries just 86 people — that are so small they can go to remote, outdoorsy parts of Southeast Alaska that no big ship could visit. We’re talking tiny bays surrounded by miles of forests where you’ll be the only ones around. Or a tiny native settlement that is home to just hundreds of people.
The main focus of UnCruise sailings in Alaska is the Great Outdoors. The company is known for trips into wilderness areas of Southeast Alaska, where passengers can enjoy hiking, kayaking and wildlife-watching. You’ll go days without seeing anyone else but the handful of people on your vessel.
On an UnCruise Adventures trip, the vessel serves as a floating adventure platform that can get you into the most remote areas in a small-group setting. The vessels carry skiffs for exploring and landings, kayaks, paddleboards and other adventure toys.
Related: The 18 best small cruise vessels sailing the world
Just don’t expect anything too fancy. UnCruise vessels are comfortable but no-frills. Many were built decades ago when cruise vessels were more spartan. On most of the vessels, you’ll find a single casual dining area, a lounge that doubles as a bar and basic cabins. That’s it. What you’re paying for is where the ship can get you and the adventure of it all.
By their very nature, these are trips that mostly cater to couples. In fact, because of the adventure focus of the daily activities, the line restricts children on board to those at least 8 years old. The small vessels also do not have any family-focused attractions on board like you’d find on bigger cruise ships.
Note that UnCruise Adventures’ nine small vessels break down roughly into two categories. Ships with Wilderness in their names are more no-frills and described as expedition vessels; those with Safari in their names are higher-end and touted as boutique yachts. My favorites are the Wilderness vessels, which are less pricey, on average. But to each his own.
A luxury Alaska trip with Silversea Cruises
Couples who want the ultimate in pampering when exploring The Last Frontier — and for whom money is no object — might want to look at an Alaska cruise on one of several ultra-luxury ships that sail regularly to Alaska. They cater mostly to older couples and solo travelers and draw relatively few families, though you do sometimes find some children on board.
Silversea Cruises is the leader in this market, with two ships sailing to Alaska in any given year. For the 2023 season, the line is sending one of its newer ships, the 596-passenger Silver Muse and the older, 382-passenger Silver Whisper to Alaska. But in 2024, it’ll swap in its newest, snazziest vessel, the 728-passenger Silver Nova, for Silver Whisper. That’ll give it the most modern fleet of luxury ships in the state.
Other ultra-luxury lines that operate in Alaska are Regent Seven Seas Cruises, Seabourn and Scenic Luxury Cruises, each of which sends one vessel to the state for all or at least part of the summer season.
Related: The 8 best luxury cruise lines for elegance and exclusivity
What all three of the Silversea ships that will sail in Alaska over the next two years have in common is that they offer large, elegant and supremely comfortable suites (and every cabin is a suite on these ships); pampering service (that fancy suite comes with its very own butler); and gourmet cuisine of the sort you find at the finer restaurants in big cities.
Among the standout dining options on board is the modern French eatery La Dame, which offers a Michelin star-style evening that showcases ingredients like France’s sublime Limousin beef, presented with a flourish. The Atlantide restaurant offers such delicacies as caviar and lobster presented beautifully and at no extra cost.
Or if you want to have caviar in bed, your butler will only be too happy to arrange it — and will deliver it with white gloves and in full tuxedo tails.
In short, think of these ships as floating Four Seasons or Ritz-Carlton hotels. They offer those sorts of lodging experiences with the pricing to match.
A low-cost sailing from Seattle with Holland America
Looking for the best cruises to Alaska for couples on a budget? My picks are the seven-night sailings to the state that Holland America offers out of Seattle.
Often, the lowest starting prices for any cruise to Alaska are these sailings, both on an absolute and per-day basis.
For the 2023 season, for instance, many Holland America sailings to Alaska from Seattle are available for under $750 per person for seven nights, as of this guide’s posting. I even found some as low as $429 per person for a weeklong cruise.
That’s even lower than the typical starting prices for Alaska voyages offered by Carnival Cruise Line, which is the low-cost leader for sailings out of most U.S. ports. When I was pricing voyages for this story, I found few Carnival sailings available for under $750 per person, with most Carnival sailings starting around $800 per person or more for seven nights.
Related: The ultimate Alaska cruise guide
With a history in Alaska that goes back more than 70 years, Holland America is one of the longtime leaders in cruises to the state (along with its sister brand, Princess Cruises), and its target market is couples (skewing to the older side, with lots of retirees) rather than families.
Holland America bases two ships in Seattle for cruises to Alaska: the 2,104-passenger Eurodam and 1,964-passenger Westerdam.
A land-and-sea hybrid trip with Princess Cruises
If you’re a couple looking to see more of Alaska than its coastal areas, a hybrid trip combining a cruise with a multi-day land tour to inland areas is your best bet. These “cruisetours” are a specialty of Princess Cruises, as well as its sister company Holland America.
Princess has particularly robust offerings when it comes to such trips because it operates five wilderness resorts in Alaska that it incorporates into its itineraries. The resorts are spread across such iconic inland destinations as Denali National Park and the Kenai Peninsula.
Princess also has its own fleet of buses and rail cars to take you from its ships to its resorts, with all such transportation included in its packages.
The line sells 24 cruisetour itineraries that add three to 10 nights of land touring to a seven-night cruise. The options include Denali National Park-focused “Denali Explorer” routings that include a seven-night cruise; a scenic train ride to Denali National Park; two to four nights at a Princess lodge at Denali National Park; and an additional one or two nights in Anchorage or Fairbanks, Alaska, or both. These trips range from 10 to 13 nights in total.
In addition, Princess offers longer and more far-ranging “Off the Beaten Path” routings that add nights at the remote Copper River Princess Lodge in eastern Alaska near Wrangell-St. Elias National Park or the Kenai Princess Wilderness Lodge on the Kenai Peninsula. These trips range from 13 to 15 nights in total.
Even longer “Connoisseur” cruisetours combine stays at up to five Princess lodges in multiple locations around the state and last up to 17 nights.
Related: The coolest things to do on an Alaska cruise
All cruisetours are offered in conjunction with one-way voyages between Vancouver, British Columbia, and Alaska — something that Princess offers in abundance each summer during the short Alaska cruise season.
Many of the ships that sail on such itineraries have permission to visit Glacier Bay National Park, a highlight of any Alaska trip. Princess takes more guests to Glacier Bay National Park than any other cruise line, as 74% of all its itineraries include a visit to the park.
A more in-depth Alaska escape with Viking
For couples looking for a more in-depth exploration of Alaska’s coastal areas than most lines offer, Viking may be the perfect choice. A relative newcomer to Alaska sailings, the upscale cruise brand operates longer Alaska sailings than is the norm, with every one of its Alaska departures lasting at least 10 nights.
The longer sailings allow for calls in a broader mix of coastal Alaska towns than you’ll find on the seven-night itineraries that are more typical for cruises to Alaska. In addition to stops at classic Southeast Alaska cruise destinations such as Juneau, Skagway and Ketchikan, Viking’s 10-night Alaska itineraries include a visit to Valdez, Alaska — a less touristy coastal town known for its fishing boat fleet that’s home to fewer than 4,000 people — and a cruise into little-visited Yakutat Bay.
Most Viking sailings to Alaska also begin or end with an overnight call in Anchorage, which is too far north for ships on seven-night Alaska itineraries from Seattle and Vancouver to reach. Passengers can visit attractions in and around the city that they couldn’t see on the sailings offered by almost every other line.
Viking, notably, offers included-in-the-fare tours in every one of these ports, allowing every passenger on board to get a guided experience during stops without paying extra. (Generally, Viking voyages are highly inclusive, keeping with its “no nickel-and-diming” philosophy.)
Related: The 5 best destinations you can visit on a Viking cruise
On board, Viking’s programming revolves heavily around what the line calls “cultural enrichment” — lectures by experts on topics related to the places its ships visit (in this case, Alaska), as well as cultural and culinary offerings that often have a local tie-in.
Indeed, Viking is known for catering specifically to a certain type of thoughtful, inquisitive, generally older traveler who is as interested in learning while on vacation as being pampered. Agewise, its sweet spot is travelers (mostly couples) who range from 55 to 75 years in age. So, if you’re on the younger side, this might not be the perfect couples cruise for you.
What Viking ships don’t offer is a lot of onboard amusements aimed at families and younger travelers. In fact, the line doesn’t even allow children under the age of 18 on its ships. It’s one of the only major cruise brands in the world with such a rule. That makes it by definition a cruise line for couples as well as some solo travelers.
For 2023 and 2024, Viking will base one ship in Alaska during the summer (the 930-passenger Viking Orion), but it’ll expand in 2025 with a second vessel (the 930-passenger Viking Sea). In addition to 10-night sailings to Alaska, the ships occasionally offer longer, 22-night sailings that extend beyond Alaska all the way to Japan.
Bottom line
More than a dozen major cruise lines operate Alaska cruises during the spring, summer and fall, giving couples wanting to explore the state on a cruise a wide range of choices.
What is the best Alaska cruise for couples? There is no one right answer. It’s defined by your personal interests and travel style, with the best Alaska cruise for you and your companion depending on how much adventure you prefer on a vacation, how much luxury you require, your budget and more.
Graduating from college is a huge accomplishment, so of course you want to honor the young scholar in your life. Just think of all the places their lives will take them!
There’s just one problem: You know that stereotype about broke college students? That’s not going to change for a while after graduation. They’ve got to find a job (which is sometimes much easier said than done), locate a place to live, and get started on being a grown-up. That’s tough to do when you’re starting from scratch.
But that’s where you come in! If you’ve got a friend or family member who’s graduating, we’ve got some gift ideas to help them embark on post-college life:
1. For the job they’ll have
When people graduate, suddenly their lives become focused solely on finding a job. You can help with that by giving gifts they’ll be able to use as a young professional.
Clothing or accessories appropriate for interviews or workdays will be much appreciated – every interviewee wants to look polished and professional to help their chances of landing and keeping a job.
A resume service could be very useful – there’s an art to creating a resume that will catch the eye of potential employers. There are plenty of services all around that offer advice on making any resume effective.
Likewise, a session with an interview coach could help a recent grad land the perfect job. Anyone can use a few pointers on how to conduct themselves in an interview so they’ll make a great first impression.
Finally, a nice briefcase or laptop bag is the perfect accessory for an interview or day in the office.
Moving after graduation? Check out our infographic: Top 10 Cities for College Grads: Post-Graduation Moving Trends.
2. For the money they’ll make
Many people consider graduation a great time to start thinking about the future. In that vein, why not set up or contribute to a Roth IRA for your recent graduate? They’ll appreciate your thoughtfulness now, but they’ll be especially happy when it comes time to retire and they have a nice little nest egg, partially funded by you.
Many young people are overwhelmed at the choices in front of them when it comes to investing and saving money. Surely they’d appreciate some financial advice as a gift – you could sit down with a recent grad and give them some one-to-one advice, or if you’re no expert yourself, a nice book could do the trick.
Need some book recommendations? We’ve got them: The Top 5 Personal Finance Books.
3. For the home they’ll create
After college, it’s time to get some real kitchen accessories – no more drinking out of plastic Solo cups.
Any graduate will appreciate some grown-up glassware for nights in with friends and family.
You could also buy someone a starter set for the kitchen – a few place settings, pots, pans and utensils. It doesn’t have to be fancy stuff; durable everyday kitchenware is an uber-practical gift.
Anyone with their own place – male or female – needs a few tools as well. Consider giving a small toolbox with some basic necessities: Hammer, screwdriver, pliers, wrench. These starter tools will help your young friend hang pictures on the wall, do minor maintenance tasks, and learn to become more self-sufficient.
Looking for cooking tools? We have recommendations for The Best Kitchenware on a Budget.
4. For the places they’ll go
Many graduates dream of traveling the world, either for their jobs or in their vacation time. There are many fun, inexpensive accessories you can give as gifts to support that dream:
Passport holders make great presents, as well as travel logs for them to document their many upcoming adventures.
If your recent grad loves vintage accessories, an atlas might make them happy – there’s something romantic about plotting a trip on paper instead of online.
If they prefer the digital life, gift them with iTunes or Amazon gift cards so they can download music and audio books to keep them entertained on their travels.
If you know someone who’s traveling, you might share The Benefits of Renting Vs. Staying in a Hotel.
Congratulations to all the college graduates out there! What would you like to receive as gifts?
This year, I learned a lot about money. I think the biggest breakthrough I had in 2013 was to connect the ideas of personal and financial freedom. I spent a week in Ecuador talking with folks about this subject, and then I spent a couple of months putting my thoughts onto paper. I’ve done a lot of writing and thinking and speaking on this topic.
But you know what? I’ve come to realize that the essentials of financial independence can be boiled down to just a single page.
What is Financial Freedom?
Financial Independence occurs when you’ve saved enough to support you for the rest of your life without needing to work for money. You might choose to work for other purposes — such as passion and purpose — but you no longer need an income to meet your expenses.
To achieve Financial Independence as quickly as possible, follow the basic rule of personal finance: To build wealth, you must spend less than you earn. But instead of heeding the standard advice to save 10 percent or 20 percent of your income, practice extreme saving. Your goal should be to save at least 50 percent of your income — and 70 percent is better.
How to Achieve Financial Freedom
To do this, conduct a three-pronged attack.
To begin, minimize your spending. Because a handful of expenses consume most of your budget, pursue these first (and with the greatest vigor).
Choose a home in an area with a low cost of living. Reject the advice to “buy as much home as you can afford.” Buy as little as you need. Take out a small mortgage at a low interest rate. Repay it as quickly as possible. Don’t be afraid to rent.
Reduce your use of motor vehicles. Walk, bike, or take the bus.
Prefer used instead of new.
If you can, do home projects or grow food yourself.
Self-insure whenever possible.
Spend purposefully.
Avoid debt.
Next, maximize your income. It’s great to cut expenses and develop thrifty habits, but there’s only so much fat you can trim. In theory, there’s no limit to how much you can earn.
Finally, funnel your savings into investment accounts. Take advantage of employer- and government-sponsored plans first. Then put your money into regular investment accounts. Don’t get fancy. Invest your money into low-cost diversified mutual funds. Ideally, choose a total-market index fund. Ignore financial news. Ignore the fluctuations of the market. Ignore everyone. Keep investing in good times and bad.
If you follow these three steps, you will become rich.
Staying Financially Independent
As you work and earn and save, keep score. Track your spending. Each January, conduct a review. How much did you spend during the previous year? How much are your investments worth? Have you saved enough to retire?
To determine whether you can retire, use the following assumptions:
You’ll spend as much in the future as you do now. (In reality, most people spend less. But go with this.)
You can safely withdraw about 4 percent of your savings each year and your portfolio will maintain its value against inflation. During market downturns, you may have to withdraw as little as 3 percent. During flush times, you might allow yourself 5 percent. But 4 percent is generally safe.
Based on these assumptions, there’s a quick way to check whether retirement is within reach.
Multiply your current expenses by 25. If the product is greater than your savings, you still have work to do. If the result is less than your savings, you’ve achieved Financial Independence. (If you’re conservative and/or have low risk tolerance, multiply your expenses by 33 before comparing the product to your savings.)
That’s it. That’s all you need to know. That’s the sum total of everything I’ve learned about early retirement over the past decade.
Inside: Learn how much your 80k salary is hourly. Plus find tips to make more money and live the lifestyle you want.
Retirement can be a scary word to those who are not wealthy or afraid of having too much time on their hands.
People in the workforce often don’t know what they will do when their retirement comes around, but it doesn’t have to be that way after all.
For most retirees, there are many reasons they want to work after retirement. And that is 100% okay!
Low stress jobs after retirement make for great part-time careers while still providing enough flexibility to enjoy your personal life. Plus a little extra money is always helpful!
While there is no one “right” answer on which job for you, we compiled a list of 30 great options to consider. All of these jobs offer relatively low stress levels and plenty of opportunities for relaxation and enjoyment.
But before you jump on the first one that comes along, you want to consider which will work best and help ease your transition into the world of retirement.
When you retire, you want to find a job that is low stress and enjoyable. That’s why finding a good retirement job is so important!
The benefits of having a low stress job after retirement
After years of hard work, retirement is a time to relax and enjoy life.
However, for some retirees, working part-time or as a side job can provide additional earnings and a sense of purpose. The following jobs are perfect for seniors over 55, or those post-retirement. They have lower stress levels than the average job and offer many opportunities for growth.
Many retirees below starting a second career after retirement would be difficult and are looking for a job that has fewer strings attached. This may be due to the fact that many retirees feel they have reached the pinnacle of their careers and want more time freedom.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
Fortunately, there are many available jobs with increasing demand and most even have lower stress levels than average.
Retirement is a good time to consider additional earnings. This can provide a stream of money for people who want to enjoy life longer and need an additional income. In addition, working can help retirees stay mentally and physically healthy.
Jobs to Do after Retirement
The list is composed of jobs that are perfect for seniors over 55, or even post-retirement. They have lower stress levels than the average job and offer many opportunities for growth.
Some retirees prefer to work part time or as a side job; others want to find a full-time position that will keep them busy and engaged in their community. Whatever your preference, know that there are plenty of great options out there!
Retiring means starting a new life, so it is important to consider this change as the beginning of a new life and not the end of an old one.
So go ahead and take the plunge into retirement! It’s a new beginning full of endless possibilities.
There are plenty of good jobs for retirees!
What are fun jobs after retirement?
There are many fun retirement jobs that pay a small fortune! And what your personality prefers!
Some people choose to continue working in the same field, but in a more relaxed or part-time capacity. Other people choose to use their retirement to try something new and exciting, such as starting their own business, traveling, or taking up a new hobby.
What can I do after retirement to make money?
Now that you’re retired, you may be looking for ways to make some extra money. Luckily, there are plenty of options to make money in retirement available to you!
You could start a business, become a consultant, or tutor students. In addition, you could also look into working from home opportunities or start a blog.
Maybe you want one of the best part time jobs in retirement.
Whatever you choose, make sure you do your research and find something you enjoy so you don’t get bored!
Tips to Making Money in Retirement
The best fun jobs after retirement include working at a theme park, house sitting permanently on a beach or something crazy you never dreamed yourself to do!
One great way to make some money is by selling your skills and experience. For example, interior decorating is a low-stress field that often requires past experience. Alternatively, you could become a real estate agent. Both of these opportunities allow you to use the skills and knowledge you’ve acquired over the years.
Another great option for retirees is to take advantage of the growing gig economy. There are a host of jobs available through online platforms like Uber or Lyft that don’t require a lot of physical activity or travel time. Plus, they typically offer higher pay rates than traditional employment opportunities.
If you’re looking for something a little more relaxing, consider joining one of the many survey sites out there. These sites reward you with a small amount of money for each survey you complete. It may not be much, but it can add up over time!
Finally, if you’re looking for an easy way to make some money, consider something easy like greeting people. This is a great option because it’s so easy and doesn’t require any special skills or knowledge.
Which job is stress free and high paying?
There is no such job that is stress free and high paying. All jobs have their own unique stressors and rewards. It is important to find a job that is rewarding to you and that you find manageable levels of stress.
There are many jobs that are considered “stress free” after retirement.
For example, many seniors are now looking into jobs such as being a consultant or working in customer service. These positions offer a more relaxed work schedule and usually don’t require extensive training.
In addition, the amount of money one earns from a job is directly related to how much work one put into it. If you’re willing to put in the extra effort, you can make significantly more money than those who don’t.
Really Focused on less stress?
Many seniors are also looking for jobs that don’t involve stress or concern. Proofreading is one such position that meets these qualifications. The job requires native-level English proficiency and an excellent understanding of grammar to succeed. In order to be successful in this field, you have to proofread documents that contain no grammatical errors, punctuation mistakes, or syntactic flubs.
You need to find a job that feeds your soul and doesn’t seem like work.
Plus it is fun to tell others what do you do for a living.
Best low stress jobs after retirement
Some people want to use their retirement as a vehicle to start their side hustle and be more relaxed than they were during work hours. This is a great way to spend your retirement! Most cool retirement jobs require little-to-no experience, but some do.
At the end of the day, you must decide if you want to work for yourself and start your own company with a higher earning potential. Or work for someone else with less strings attached and lower pay.
In many cases, you might be stuck working because you didn’t save for retirement, so here are a few jobs that are perfect for seniors over 55 years old, or even after retirement:
1. Freelance writing
Freelance writing can be a good source of income when one has the skills and experience to do so. The best part? You get to set your own hours and take on as much or as little work as you want!
This may not sound like a low-stress job at first, but it’s actually an excellent low-stress job! Being your own boss offers incredible benefits. Best of all, you can do it in a completely stress-free environment by deciding in advance exactly how many hours you want to work.
In fact, my friend over at More Time to Travel does freelance writing for Forbes.
Freelance writing is a great way to make money from home. Be sure to have a strong portfolio and excellent writing skills to land quality freelance writing jobs. Here is a great freelance writing course.
2. Tour guide
This is perfect for someone who loves people and to discuss their worldly knowledge.
A tour guide is someone who accompanies tourists and provides information about the areas they are visiting. They are usually seniors because no special certifications or degrees are required. However, it can be a fun job for anyone who loves meeting people and has a lot of knowledge about their area. Some tour guide jobs offer tips and the opportunity to travel.
A good tour guide will have a deep knowledge of the areas they are touring and will be able to answer any questions the tourists may have. Plus cash tips are always a perk!
3. House Sitter
You can house sit for someone you know, or use a site like Mind My House to find paying gigs. Rates vary depending on the city, but typically you can expect to earn $25-50/day as a house sitter.
It allows you to live in new places without having to commit to long-term leases, and it gives you an opportunity to meet new people and explore new neighborhoods. Plus, it’s a great way to make some extra money on the side as well as lowering your monthly expenses!
If this is something you are seriously considering, then check out this book to learn how to housesit from an expert.
4. Librarian
Librarians are responsible for organizing and managing library collections, helping patrons find information and materials, and providing instruction on how to use library resources. They typically work regular hours in a library setting, and their work is relatively active.
They also need excellent research skills and the ability to stay up-to-date on new technologies.
However, job prospects are good to work in this quiet environment.
5. Customer Service Representative
Jobs in customer service usually don’t require a lot of experience or special training, so they can be a great way to ease into retirement. And since most customer service positions are in the service industry, you’ll likely get to meet new people and help them solve problems every day.
They may work in call centers, retail stores, banks, or insurance companies. In some cases, they may also work remotely from their homes. Customer service reps typically need strong communication and problem-solving skills, as well as the ability to stay calm under pressure.
6. Craft seller
Many people don’t have time for their crafts like they wanted when working full-time and raising kids. So, retirement is a perfect time to become an artisans who make and sell their own products.
You can set your own hours, work from home and sell whatever you like. There are many online marketplaces that cater to craft sellers, so you can find a platform that fits your style and interests. In addition, you can attend craft fairs and other events to sell their work in person.
Make sure to price your items competitively and take the time to create an attractive product listing. Plus ship quickly and provide excellent customer service to keep buyers coming back for more!
7. Crossing Guard
It only requires a few hours of work per day, and the pay is decent around $15 an hour.
The job does not require any special skills or training, so it is an ideal way to spend your golden years. Plus you can keep youthful by staying around all of the school-aged children.
8. Blogging
This is a form of expression for most retirees or those thinking about retiring.
It can be a low stress job after retirement, as you can do it from the comfort of your own home and set your own schedule. You don’t need any special qualifications or training to start blogging – all you need is a computer, an internet connection, and something to write about.
Blogging is a great way to create fresh, new content on a regular basis for your website. In fact, my friend over at Tuppennys Fireplace uses blogging to drive extra money to their retirement budget each month.
You can sell advertising space on your blog, use affiliate marketing to promote products and services, or even launch your own product or service. The sky’s the limit when it comes to making money from blogging – so if you have something interesting to say, go for it!
9. Elder Care Services
Services can range from in-home help to full-time nursing care, and each has its own benefits and drawbacks.
While this may seem odd as a low stress job in retirement, it is a good reminder that you are still youthful in others’ eyes.
These may be simple jobs such as picking up groceries, light cleaning, cooking meals, or companionship during the day. Given the cost of nursing homes and certified nursing assistance, this is an affordable option for families who want extra eyes on their loved ones.
10. Private Island Caretaker
Okay, this is the one I want!
If you are reading this and need a caretaker, I am happy to be the right person for your estate.
A lot of caretaker jobs are in private areas, such as private islands, ski resorts, large estates, and other remote or private areas. This is often because employers need someone they can trust to be on-site full time and take care of things.1) Private Island Caretaker
Caretaker jobs are a great way for retirees to stay engaged and active in their golden years. They can provide a sense of purpose and routine, as well as an opportunity to explore new places and meet new people.
11. Docent or Usher
One low-stress job that retirees can consider is becoming an usher at their local theater or sporting area. This job does not require much training and typically pays minimum wage, but it can be a great way to meet people and see new shows and watch sports.
A docent is someone who has expert knowledge about a certain subject and can teach people about it through guided tours and lectures. They are often found in museums, art galleries, and other places where people can learn about the arts.
For many retirees, these are the perfect jobs to get paid for enjoying their hobbies and events they didn’t have time to see when working full-time.
12. Work at Disney
Jobs at Disney parks can be both fun and challenging, with plenty of opportunities to make new friends and help guests have a great time. You’ll need to be able to work hard and stay cheerful under pressure, but the rewards are many.
If you’re interested in working at one of the happiest places on earth, visit the Walt Disney Company website to learn more about current openings and how to apply.
Perfect for the retiree to stay youthful!
13. Invest in Various Intiatvies through Crowdfunding
When it comes to investments, there are many options to choose from that can fit any personality type.
Crowdfunding was created to help more people invest in various businesses by pooling resources together. This makes it more affordable and less risky for everyone involved.
For many retirees, this is a great way to impact start-up businesses and maybe even have a great ROI on their money.
14. Tutoring
Tutoring can help students learn in a one-on-one environment, and help them to focus on the material. Tutoring can also help build a student’s confidence, and help them to ask questions they may be too embarrassed to ask in a classroom setting.
It’s a great way to help students who are struggling and give them the support they need to succeed. You also get the satisfaction of knowing that you’re helping young people achieve their goals. Tutoring can be done in person or online, so it’s a flexible job that you can fit around your schedule.
In today’s society, there are plenty of opportunities to help students achieve faster with tutoring. Most tutors are paid at least $30 an hour.
15. Virtual assistant
There are many low stress jobs that can be found online and Virtual Assistants are one of those jobs.
A virtual assistant is a professional who provides administrative, technical, or creative assistance to clients from a remote location. Often, virtual assistants work for multiple clients simultaneously, providing a wide range of services including social media management, email management, bookkeeping, and more.
They provide a service to their client through the internet and This is a great way for someone with retirement to start making money fast because most VAs make between $35 and $50 an hour.
Take free training for becoming a virtual assistant!
16. Personal shopper
A personal shopper may work in a store, helping customers find what they need, or they may work remotely for a customer who gives them a list of items to purchase. Either way, personal shoppers usually charge by the hour.
It also pays well, especially if you work for a high-end retailer. And since you’re working with customers one-on-one, this is a great job for someone who enjoys helping others. Perfect for a retiree to get out and about.
17. Personal organizer
They may work with individuals or groups, in both business and personal settings. Personal organizers usually have excellent time management skills, as well as a thorough understanding of the principles of organization.
This type of position is great to keep you moving as well as help others.
18. Animal shelter worker
They may feed, groom, and exercise the animals, as well as administer medication and vaccinations. They also clean cages and kennels, and may handle adoptions. The work can be physically demanding, but it is also very rewarding to help homeless animals find new homes.
For someone who loves animals, this is a perfect opportunity to make money and help neglected animals.
19. Book store assistant
The work is relatively easy, and there are usually no major deadlines to worry about. Plus, bookstores are typically quiet and calming environments, which can be a nice break from the hustle and bustle of everyday life.
If you’re looking for a relaxed job after retirement, this could be it!
20. Photographer
Some people take up photography as a hobby, some as an art form, and some as a profession. The beauty of photography is that it can be whatever you want it to be. There are so many different types of photography, based on your taste and choice you can choose which area to focus on first.
In addition, photography is a great low stress job after retirement!
It can be done freelance to supplement your income or on a full-time basis. There are many opportunities for photographers, and the work is generally enjoyable.
21. Life coach
After retirement, there are many low stress jobs that a person can take on. One such option is becoming a life coach.
This job involves helping people work through their problems and achieve their goals.
By becoming a mentor for the next generation, you are able to have a lasting impact and legacy. This allows you to share your wisdom and knowledge while also helping someone else in their career path.
As a life coach, it’s important to be a good listener and have strong communication skills. Additionally, new graduates might be able to offer you fresh perspectives on life that you may not have considered before. It’s easy to become a mentor to coworkers or people in your field; all it takes is some time and effort.
22. Consultant
Consulting is a broad term used to describe an area of work. It encompasses a wide range of activities and can be done by anyone with the appropriate skills and experience.
Many retirees choose to focus on the areas they enjoyed at work and avoid stressful parts, becoming consultants in those fields.
Often, retirees are a great resource for companies looking for short-term or project-based work. If you let your network know that you are available for consulting opportunities, they may be more likely to reach out to you when they have a need. Additionally, the average consultant salary is between $50 and $150 per hour, depending on experience level.
23. Walmart Greeter
Greeters welcome customers, help them find what they need, and provide general information about the store. They may also monitor security cameras and alarms in the store. The position requires little training, and most Walmart greeters are given on-the-job training.
However, greeters must be able to handle stress well, as they are often the first point of contact for customers who are angry or upset. The position also requires being able to work weekends and holidays.
24. Dog walker
Dog walking is a great job for people who love dogs and want to make a difference in the lives of animals. It is also perfect for retirees who want to stay busy and have flexible hours. The work can be enjoyable and rewarding, and it is a low-stress profession.
Dog walkers are typically paid by how many dogs they are watching at any given time, rather than by the hour. There are specific websites where you can find work as a dog walker like Rover and the average pay is $14 an hour.
25. Pet sitter
A pet sitter is a professional who is hired to take care of pets while their owners are away. Pet sitters typically visit the home of the pet owner to feed, water, and exercise the pet. They may also provide additional services such as grooming and medication administration.
For example, many retirees enjoy pet sitting because it allows them to form close relationships with animals while also providing a service to their community.
Find plenty of pet sitting gigs on Rover.
26. Camp Host
After retirement, many people are looking for a low stress job that will allow them to travel, get outside, and see new places. Campground jobs are perfect for this because you can work during the day and explore at night.
Camp hosts are people who work at a campground to provide information and assistance to guests.
Campsites allow for some flexibility in terms of location – you may be able to choose the state or national park you’d like to work in, as well as the dates of your stay. Additionally, many camp hosts have a good deal of control over their schedules, which can be a perk.
They usually work for minimum wage, but can often receive tips from guests.
27. Adjunct Professor
Many retirees take on part-time work as adjunct professors. The position offers a high level of flexibility, good pay, and opportunities for professional development. In addition, adjunct professors often have the opportunity to work with students from diverse backgrounds and help them grow academically.
This can be a great way to share your knowledge and expertise with the next generation of students. Contact your local college and see if they have any openings. Adjunct professors typically earn around $3,000 per class taught.
28. Author
Becoming an author can be a great way to enjoy your retirement years while still earning some extra money on the side. The job doesn’t involve a lot of pressure, and you get to set your own deadlines.
There are a few different ways to get your book published. One option is to work with an agent. However, this may not always be possible, especially if you are writing a non-fiction book. Another option is to self-publish your book. This can be a great way to get your book out there without having to go through a publishing house.
You will finally have time to tell your story from your perspective.
29. Focus group participant
Focus groups are gatherings of people who are brought together to discuss a certain topic. The participants can range from 6 to 12 people, and they are typically held in local hotels or conference centers. During the focus group, the participants will discuss upcoming products, services, trends, and issues.
Focus group participants are typically reimbursed for their time and participation in the discussion. This can be done in a variety of ways but is usually either through cash or gift cards.
30. Furniture flipper
Furniture flipping is a great business for those who want to make some extra money with little stress and no formal education needed. You can do it from the comfort of your own home, as long as you have the necessary tools and space. With a bit of hard work, you could be on your way to making some serious cash.
Furniture flippers are people who buy furniture at a low price and resell it for a profit. They usually start as furniture buyers who love hunting for deals at garage sales or estate auctions. This is a low-stress job that’s also profitable.
For many retirees, it may have been a hobby turned profitable.
31. Delivery driver
Delivery driver is a great job for retirees because it keeps them active and socially engaged. It can be difficult to sit at home all day, so this job is perfect for those who want to be out in the world meeting new people.
Delivering food is a great way to make some extra money in your spare time. It’s a low-stress job because you’re only out of the car for deliveries, and many companies offer drivers up to $20 per hour.
I love Doordash because their sign-up process is so easy–you can be up and running in minutes!
32. Rideshare driver
Ridesharing is a great way for seniors to make some extra money on the side while still having plenty of time for themselves. It’s very flexible, so they can work as much or as little as they want, and it doesn’t require them to take too much time out of their day.
Both Uber and Lyft require relatively little startup capital, and retirees can often make money driving for these companies.
Just make sure you have the proper auto insurance for ridesharing.
33. Taxi Driver
Taxis are in high demand in most cities, so there is always work to be found. In addition, the hours are flexible, so drivers can work as much or as little as they want.
And since driving a taxi is not very demanding physically, it is a good job for those who are no longer able to do strenuous work.
Many people who move to a foreign country find being a taxi driver a highly rewarding and lucrative way to make money.
34. School Bus Driver
There is a severe shortage of school bus drivers across the country.
This may not be a low stress job to many, but you can have a long lasting impact on the students. Right now, our students need positive influences in their lives.
What does the job entail? You must have a valid commercial driver’s license (or find someone who will provide the training) and be clear from moving violations in the last 3 years. In addition, you must pass a background check to work with students.
Many districts are desperate for school bus drivers and providing a signing bonus.
35. Chat moderator
Chat moderators are responsible for monitoring chat rooms and helping to ensure that the conversation remains on topic and respectful. They also work to resolve any disputes that may arise.
They work in a variety of settings, from social media to online gaming platforms.
But for the most part, the job is relatively low-stress, thanks to the ability to take breaks and work flexible hours. Chat moderators also often have the opportunity to learn new technologies and hone their customer service skills.
36. Babysitter & Nanny
Babysitting and nannying is a great way to make some extra money in your spare time. It’s perfect for people who love kids and have a few hours in the afternoon after school lets out. You can help out your neighbors by babysitting their kids or finding families near you who are looking for a nanny.
They offer a lot of flexibility, they’re relatively low stress, and they often come with a set schedule so you know what you’re doing each week. Plus, you can usually work from home, which is a big perk if you want to stay active in your golden years.
The average babysitter in the United States earns a bit less than $15 per hour, but some earn at least $20 an hour. It is easy to find work.
37. Event Staff
Event planning can be a very stressful job, but it can also be a very rewarding one. After retirement, many people look for a flexible job that they can do mostly on the weekends and in the evening. Event staff is a great option for those people.
They may work in a variety of industries, including entertainment, hospitality, marketing or nonprofit organizations.
Event staff often have to wear many hats during an event, handling duties such as coordinating with vendors, setting up event spaces, managing attendees, and serving as liaisons between organizers and other staffers.
This may not be the situation for everyone, but great for someone who likes to be in the action.
38. Research Assistant
After retirement, many people feel lost and without a sense of purpose. A research assistant helps others find information and discover problems to solve. They work with teams or individuals to locate the best information possible and help them use it effectively.
Research assistants are in high demand because they help other people find information and solve problems. They work on a variety of tasks, such as conducting research, organizing data, and writing reports. Their skills are in high demand by companies, governments, and individuals who need help conducting research.
The job is relatively low stress and pays between $18 and $22 per hour. It requires patience, communication skills, and a range of computer skills.
39. Substitute Teacher
A substitute teacher is someone who fills in for a permanent teacher when they are absent. This can be for a variety of reasons, such as paid vacation, maternity leave, or sick leave. It is a great option for retirees because it is one of the most respected and low-stress jobs after retirement.
This is one of the best retirement jobs because you can substitute teach any position within a school.
Substitute teaching can be extremely rewarding, as you are able to help students in need and fill in for teachers who are absent. You may also have the opportunity to work with different age groups and learn new things.
It is now possible to earn around $20 per hour on average as a substitute teacher. In order to become a substitute teacher, you need to have a bachelor’s degree in any academic discipline from an accredited college or university. With the right qualifications, you can enjoy a great deal of flexibility and earning potential while working with children.
40. Airbnb Host
You can earn up to $1,000 per month by listing your home on the site.
It’s also a low-stress job since you don’t have to worry about meeting deadlines or dealing with customers. And, since you’re working from home, you can easily take care of any last-minute changes or emergencies.
If you’re interested in becoming an Airbnb host, check out this guide on how to get started.
41. Proofreading
In this career, you would be reading documents or manuscripts and looking for mistakes in grammar, spelling, punctuation, and syntax. You would then mark the errors with a correction symbol and provide a note to the author about the mistake. Proofreading can be done independently or as part of a team.
It is also important to be able to meet deadlines because many publishers require that manuscripts be returned within a certain timeframe.
42. Park Ranger
They enforce park rules, help visitors enjoy their visit, and provide information about the areas they patrol. Park rangers may also conduct educational programs, research projects, and archaeological surveys.
The growing popularity of outdoor recreational activities will lead to more demand for these workers.
Rangers must be able to hike long distances in difficult terrain, often carrying heavy equipment. They also may need to work extended hours, including weekends and holidays, during peak visitor seasons.
43. Voiceover artist
Voiceover artists are people who provide the voice for a character or commercial. They must be able to understand and interpret the script, and then deliver the lines in a way that sounds natural and believable.
Voiceover artists are in high demand for their unique ability to provide a voice for various multimedia productions that requires no formal training. This work can be done from anywhere with a good internet connection, making it an ideal job for retirees or those with flexible hours.
44. Real Estate Agent
The work is often exciting, and you can set your own hours. However, it can also be demanding and require long hours during busy times.
They must be knowledgeable about the current market conditions and have strong negotiating skills. In order to succeed in this career, you’ll need to be able to work well independently and be comfortable networking with potential clients.
You’ll also need to develop a strong marketing strategy to attract new clients.
45. Sports Coach
They may also instruct athletes on the rules and regulations of a sport. Sports coaches typically have a college degree in physical education, kinesiology, or a related field.
Coaches often work long hours during the season and must be able to handle criticism from players and parents. However, for those who love sports and enjoy working with people, sports coaching can be an enjoyable and low-stress job after retirement.
46. Artist
Being an artist is a great job to have after retirement because it doesn’t require a lot of stress and you’re free to create whatever you like. The only requirement for the job is that you have some artistic ability, which most people do.
Working as an artist can be perfect for people who are looking to have more flexibility with their hours and want to work on the go. There are many different types of artist jobs that one can find, and the best way to find out what’s available is to do some research online or talk to other artists in your area.
47. Translator
Translation is a great option for those who want to use their second or third language skills in a professional setting.
Many retirees find themselves with time on their hands after retirement and may enjoy doing something that they are good at and can be successful at. Speaking another language can lead to many opportunities, including working as a translator or in a translation services company, or becoming a consultant in foreign affairs.
Translators must be able to understand the source material fully and then accurately convert it into the target language.
48. Interior decorator
Interior decorators are in high demand because they have an eye for design and can help people make their homes look beautiful. This is a low-stress career choice that allows retirees to work anywhere, which is why it is becoming increasingly popular.
Interior decorators are often retirees who have a wealth of knowledge and experience in interior design. They must build up a portfolio of their clients’ homes before they can become an interior designer and be able to charge more for their services.
Interior decorating is a creative line of work that can earn great money, and it’s often a side hustle for people who want to make more money while still having free time. Satisfying customers is another perk of this career!
49. Handyman Services
If you’re looking for a way to make some money after retirement, and enjoy doing hands-on home repair projects, consider working as a handyman. Handyman work can be done on your own schedule, so it’s a great option if you want more flexibility in your life.
Handyman services are becoming more popular because they allow you to set your own rates and work on your own schedule.
This is beneficial for both the worker and the customer, as it allows the worker to charge a fair price for their services and customers can get work done on their time. Additionally, handymen have a variety of skills and can fix many problems around the home, which makes them a valuable asset.
50. Professional cuddler
Cuddling has become a popular service in recent years. Companies like Cuddle Comfort offer professional cuddlers that will come to your house and provide you with a compassionate, understanding listening ear as well as some quality cuddle time.
Some people make a living from professional cuddling. These cuddlers can earn approximately $40 per hour for just being themselves and giving bear hugs. This is a growing industry with many people finding comfort and satisfaction in human touch.
51. Mediator
To become a mediator, you need to have either legal training or a bachelor’s degree in mediation. This gives you the skills needed to mediate and resolve disputes between two or more parties. Mediators usually have a low-stress job because of their flexibility and freedom to work from anywhere.
Mediators come from a variety of professional backgrounds, but the majority have some form of legal background. More than half of certified mediators work as general mediators, charging $100 to $250 per hour.
52. Data entry specialist
A data entry specialist is somebody who enters data into a computer system. This can be a very low stress job, especially if you have basic computer skills and typing speed and accuracy. The work is relatively easy to find and usually does not require any specific qualifications.
Data entry specialists are paid a modest wage for their work, but the pay is reliable and predictable. The job is also relatively easy to find, making it a great option for people who are looking for additional work during retirement or in their spare time.
Being able to type quickly and accurately in order to be successful in this role.
53. Waiter/ Waitress
If you have a gift of gab and service, then this might be the perfect industry for you. Especially as a bar back!
The work hours are flexible, the tips are usually good, and you get to meet new people all the time. Plus this type of job is fun, as it’s not high-stress and it allows someone who just retired or wants a job with flexible hours to stay active socially while they make money.
If you’re looking for an alternative after retirement, waiter or waitress work is definitely a good option.
54. Cook
Many families are looking for healthy options for dinner. What is better than a home-cooked meal?
While working as a cook for a restaurant, you may often work long hours in a hot, noisy kitchen. However, cooking for local families on a small scale may be the perfect scenario.
55. Become a Transcriber
Transcription is a great way to make some money after retirement. You can typically make around $18-$25/hour, depending on your skill level and experience.
The work is relatively low stress, so it’s a great option for those looking for a relaxing way to make some extra income.
56. Retirement planner
Some retirement planners offer training and certification for their employees. The employer might pay for your training and certificate if they feel confident enough in hiring you as an employee after seeing how well you do these tasks.
This may not be the ideal situation for many, but it pays well.
57. Flip Items
Flipping items for profit is a great way to make some extra cash. You can find deals at garage sales and online, and then turn around and sell them for more.
Be sure to look out for scams, however, as there are many people who try to take advantage of those looking to flip items.
To learn how to flip for a side hustle, check out Flea Market Flippers.
58. Professional Volunteer
Charity work is a great way to give back to the community and help those in need. There are many charities that need help, and by donating your time or money, you can make a big difference in someone’s life.
It can also be a great way to ease into retirement. Many charities are always in need of volunteers, and you can often find opportunities that fit your schedule. You may also be able to find paid positions with certain charities.
You will have the opportunity to help others and make a real difference in their lives. You may also find new friendships and learn new skills.
It keeps you social and busy, and it lets you help out in your community. Plus, many organizations offer volunteer opportunities tailored to retirees’ skills and interests.
In fact, many volunteer opportunities turn into paid jobs.
How to find a job that is low stress and matches your skills?
Which best jobs for retirees do you want?
When you’re looking for a job that is low stress and matches your skills, it’s important to consider a variety of factors. For example, employers want employees who can work independently and are well-organized. They also want employees who can communicate clearly. You should have a basic understanding of the job duties as well.
If you have specific skills, you may not need these things as much.
However, employers still want employees who can complete tasks without any help from others. There are a variety of ways to find out about such jobs, including using search engines or social media sites like Facebook and LinkedIn.
Also, whoever says you have to wait for retirement?? Find low-stress jobs that pay well without a degree now.
It’s also important to be aware of the pay structure. Often, employers want employees who will be able to work for them on a long-term basis. The pay structure is often predictable and employers know exactly how much work there will be available for each project. This makes it easier for both parties involved.
One way to find a job that is low stress and matches your skills is by using online platforms like Upwork, Freelancer, and Fiverr. These platforms offer many data entry jobs that are perfect for those looking for an easy way to make some money after retirement. In order to take advantage of these jobs, you’ll have to learn how to type fast.
Know someone else that needs this, too? Then, please share!!
As Christians, we are called to be good stewards over the money and wealth with which God has provided to us.
So before we consider investing in stocks, we must find out if it is within God’s will!
Is investing in stocks a God-honoring way to grow our finances, or is it really being careless with God’s money?
What Is Investing In Stocks?
What Investing Is Not
Investing is not the same as gambling! This is actually where a lot of Christians develop a fear of the stock market. Most people who make this assumption do so either out of fear or ignorance. Some are fearful of investing because it seems so complicated, so they assume that no one can understand it and so everyone must be gambling! Others just don’t understand the mechanics of investing, or how much information is available to the common investor. It is beyond the scope of this article to catalog all of the ways in which investing is not gambling. Visit here to learn if the trading websites are legal and licensed.
True investing is not a “get rich quick scheme”. The bible is full of warnings about rushing to make money without any effort such as Proverbs 21:5
The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.
However, the concept of investing is not about throwing your money after something that you don’t really understand, hastily and without a real plan.
What Investing Is
The basic idea of investing in stocks is this: To participate in and benefit from the growth and earnings of a particular company, through purchasing shares of ownership. When someone has extra money and they want to look for legal ways to make that money grow, that is considered investing. The stock market gives individuals the unique opportunity to profit off of the growth and ingenuity of some of the world’s largest companies!
Does Investing In Stocks Show A Lack Of Faith In God?
Now that we have taken a very brief look at what investing is and isn’t, we now must consider whether someone who invests is demonstrating a lack of faith. Matthew 10:5-11:1 is a common passage that is brought up whenever discussing planning for the future, and trusting in God. This is where Jesus sends out his 12 Apostles to preach His word, heal the sick, and perform various miracles throughout Israel.
He gives them instructions on where to go, what to do, and dangers to look out for (and even uses this time to talk about future things). However it is Jesus’ instructions on what items to take along for the journey, that we want to take a look at now…Matthew 10:9-10 says:
Do not acquire gold, or silver, or copper for your money belts, or a bag for your journey, or even two coats, or sandals, or a staff; for the worker is worthy of his support.
As we see here, Christ was teaching them to trust in the Lord for all provision and care. This would be experienced through the kindness of those to whom they ministered in these various towns. They were not to take extra materials with them (planning for their future need), because God would work things out so that they would have all that they need!
This should be a great encouragement to us as believers because we know that God is able to provide for us no matter what our current situation may be.
However, there is something that we need to take notice of when considering this passage. First, Jesus’ words to the apostles were specific for this journey. We can see that from looking at His words to these same men in Luke 22:35-36
And He said to them, When I sent you out without money belt and bag and sandals, you did not lack anything, did you?” They said, “No, nothing”. And He said to them, “But now, whoever has a money belt is to take it along, likewise also a bag, and whoever has no sword is to sell his coat and buy one”.
He is now telling them to use normal means to provide for themselves (storing and planing for the future, buying, selling, etc), rather than just to go out with the bare minimum and count on God’s providence in a more pronounced way (as in the Matthew 10 passage).
This passage in Luke 22 is describing Jesus Christ’s last words to his disciples before he was crucified. He was giving them instructions on how to carry out God’s mission for them after His death. Therefore, it is clear that God was not condemning the concepts of investing, saving, and preparing for the future in Matthew 10, because he then instructs the disciples to make these concepts a part of their lives at the end of His earthly ministry.
So based on a proper understanding of God’s intention when sending the apostles out to preach, we can see that the ideas of investing and faith do not contradict one another.
Another idea that is often brought up is that of God’s general promise of provision negates the need to invest or plan for the future. In Matthew 6:25-33 we find these words:
25 “Therefore I tell you, do not worry about your life, what you will eat or drink; or about your body, what you will wear. Is not life more than food, and the body more than clothes? 26 Look at the birds of the air; they do not sow or reap or store away in barns, and yet your heavenly Father feeds them. Are you not much more valuable than they? 27 Can any one of you by worrying add a single hour to your life?
28 “And why do you worry about clothes? See how the flowers of the field grow. They do not labor or spin. 29 Yet I tell you that not even Solomon in all his splendor was dressed like one of these. 30 If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you—you of little faith? 31 So do not worry, saying, ‘What shall we eat?’ or ‘What shall we drink?’ or ‘What shall we wear?’ 32 For the pagans run after all these things, and your heavenly Father knows that you need them. 33 But seek first his kingdom and his righteousness, and all these things will be given to you as well.
Matthew 6:25-33
…But we urge you, brethren, to excel still more, and to make it your ambition to lead a quiet life and attend to your own business and work with your hands, just as we commanded you, so that you will behave properly toward outsiders and not be in any need.
1 Thessalonians 4:10b-12
For even when we were with you, we used to give you this order: if anyone is not willing to work, then he is not to eat, either. For we hear that some among you are leading an undisciplined life, doing no work at all, but acting like busybodies. Now such persons we command and exhort in the Lord Jesus Christ to work in quiet fashion and eat their own bread.
2 Thessalonians 3:10-12
As we can see, God’s normal way of provision is to line up your abilities with someone who is willing to pay for those abilities, so you can work to support yourself. The ideas of God sustaining us and our human efforts go hand in hand. However, we must be certain to look to God not even Solomon in all his glory clothed himself like one of these.
30″But if God so clothes the grass of the field, which is alive today and tomorrow is thrown into the furnace, will He not much more clothe you? You of little faith! 31″Do not worry then, saying, ‘What will we eat?’ or ‘What will we drink?’ or ‘What will we wear for clothing?’ 32″For the Gentiles eagerly seek all these things; for your heavenly Father knows that you need all these things. 33 “But seek first His kingdom and His righteousness, and all these things will be added to you.
As you can see, Jesus tells his followers not to worry since God will provide the basic necessities of life – if He does it for birds and flowers, He will surely do it for His children (those who seek after His kingdom)! However, this passage does not promote a sinful life of laziness, where we just sit around and pray and read the Bible, and food, money, shelter, and all of our other needs will just fall from the sky. Even the birds have to work to build nests, find food and care for their young, but ultimately, it is God who provides for them all.
God’s provision means a lot more than just raining down the things that we need without us doing any work for them. God oftentimes will provide for us by giving us the ability to earn money – for at all times for His sovereign will to be done in our lives!
Of course, there are more things that can be said about how those common verses that are used to teach that investing and planning for the future is equal to lacking faith in God, don’t teach that at all. However, I think that we’ve seen enough from God’s word to make that clear. Let’s move on to the main question at hand.
What Does The Bible Say About Saving And Investing?
The bible actually has quite a bit to say about investing for the future, but I just want to look at one main example and then give a few verses as well. Let’s take a look at the “Parable of the Talents” to see what God has to say about investing:
14″For it is just like a man about to go on a journey, who called his own slaves and entrusted his possessions to them. 15″To one he gave five talents, to another, two, and to another, one, each according to his own ability; and he went on his journey. 16″Immediately the one who had received the five talents went and traded with them, and gained five more talents. 17″In the same manner the one who had received the two talents gained two more.
18″But he who received the one talent went away, and dug a hole in the ground and hid his master’s money. 19″Now after a long time the master of those slaves came and settled accounts with them. 20″The one who had received the five talents came up and brought five more talents, saying, ‘Master, you entrusted five talents to me. See, I have gained five more talents.’ 21″His master said to him, ‘Well done, good and faithful slave You were faithful with a few things, I will put you in charge of many things; enter into the joy of your master.’
22″Also the one who had received the two talents came up and said, ‘Master, you entrusted two talents to me. See, I have gained two more talents.’ 23″His master said to him, ‘Well done, good and faithful slave. You were faithful with a few things, I will put you in charge of many things; enter into the joy of your master.’ 24″And the one also who had received the one talent came up and said, ‘Master, I knew you to be a hard man, reaping where you did not sow and gathering where you scattered no seed. 25’And I was afraid, and went away and hid your talent in the ground. See, you have what is yours.’
26″But his master answered and said to him, ‘You wicked, lazy slave, you knew that I reap where I did not sow and gather where I scattered no seed. 27’Then you ought to have put my money in the bank, and on my arrival I would have received my money back with interest. 28’Therefore take away the talent from him, and give it to the one who has the ten talents.’
29″For to everyone who has, more shall be given, and he will have an abundance; but from the one who does not have, even what he does have shall be taken away. 30″Throw out the worthless slave into the outer darkness; in that place there will be weeping and gnashing of teeth. ~ Matthew 25:14-30
I believe this to be the clearest picture of investing what God has given us in order to bear fruit for His kingdom. The fact that Jesus actually uses money to illustrate this point, should be a clear indication that God has no problem with Christians who take the money that God has given us responsibility over, and wisely invests it! In fact, he expects it!
To be clear, this passage goes way beyond money and points to whatever talents and spiritual gifts we have. The point is that God expects us to use what He gives us, and it is, therefore, a sin to bury them in the ground and fail to use it. Because of our economic system, money is the thing that we use in order to sustain ourselves. In times of surplus, we are to give abundantly and invest and save for the future, so that in times of lack, we will have provision stored up for us!
This was true in Egypt when God led Joseph to plan to save 20% of the harvest for 7 years in preparation of the devastating famine (Genesis 41:33-36). We can also see it in the rebuke of the lazy man in Proverbs 6:6-11:
6 Go to the ant, O sluggard, Observe her ways and be wise, 7 Which, having no chief, officer or ruler, 8 Prepares her food in the summer and gathers her provision in the harvest. 9 How long will you lie down, O sluggard? When will you arise from your sleep? 10 “A little sleep, a little slumber, A little folding of the hands to rest”– 11 Your poverty will come in like a vagabond, and your need like an armed man.
Here are a few more verses about saving and planning & investing for the future:
Proverbs 10:5 – He who gathers in summer is a son who acts wisely, but he who sleeps in harvest is a son who acts shamefully.
Proverbs 21:5 – The plans of the diligent lead surely to advantage, but everyone who is hasty comes surely to poverty.
Proverbs 24:27 – Prepare your work outside and make it ready for yourself in the field; Afterwards, then, build your house.
Luke 14:28-30 – For which one of you, when he has laid a foundation and is not able to finish, all who observe it begin to ridicule him, saying, ‘This man began to build and was not able to finish.’
1 Chronicles 22:5 – David said, “My son Solomon is young and inexperienced, and the house that is to be built for the Lord shall be exceedingly magnificent, famous and glorious throughout all lands. Therefore now I will make preparation for it.” So David made ample preparations before his death.
As you can see, God has a lot to say about planning and investing for the future.
Reader Questions:
Why do you think the bible speaks about finances and planning for the future so often?
Do you allow God’s word to impact your investing decisions?
In today’s financial landscape, consumers want a more individualized experience that may be lacking in traditional banks. This is one key factor contributing to the rising popularity of credit unions as a viable alternative.
Primarily, credit unions offer customers the opportunity to actively participate in their running, as well as access to more competitive interest rates. There are many other benefits, too.
But before we get into all that, what exactly is a credit union, and how different are they compared to banks?
What is a credit union?
If you’re thinking of joining a credit union, it’s a good idea to know exactly what you’re getting. The major difference between banks and credit unions is that credit unions are owned by the members they serve.
Unlike banks, credit unions are not a business needing to make profit. Instead, they can be defined as member-owned nonprofit financial cooperatives.
Where a bank makes profits, a credit union instead recycles funds back into itself. The result is that credit union members have access to better rates on savings and loans.
Credit unions are also much more personal and community-focused compared to traditional banks. As a credit union member, your deposits in checking and savings accounts actually help other members of your community to buy their first homes and establish businesses.
Because credit unions function as cooperatives, all members get to vote on major governance issues such as electing board members and directors.
What are the benefits of joining a credit union?
Credit union membership comes with several benefits. Some are well-known and immediate, while others might take a bit more time to see. Let’s take a closer look at how a credit union account could improve your life.
Personalized Customer Service
A credit union will have a much smaller customer base compared to a traditional bank. That, along with the fact that they are member-owned financial institutions, means credit union service comes with much more of a personal touch.
Some credit unions also provide great educational resources to help improve the finances of their members. You’re also more likely to have the chance to build a relationship with employees at your credit union, since they will also be members of your local community.
Better Interest Rates
The bottom line for credit unions is not profit, but being self-sufficient and providing good service to its members. This means that instead of making money off of customers, excess profits are passed onto customers in the form of competitive rates:
Lower interest rates on loans. Credit unions often offer better loan rates than most banks. While loan products may be more basic, you can still get mortgages, auto loans, and personal loans at better rates.
Higher interest rates on savings. Credit unions are a great place to deposit savings, as the interest rates on savings accounts are much higher than normal.
Lower Fees
Credit unions tend to have significantly lower fees across the board. Monthly maintenance fees, opening or closing account fees, and overdraft fees, are often minimal or non-existent with credit unions.
In many cases, opening a checking account with a credit union will cost you nothing.
Better Mortgage Accessibility
Credit unions can sometimes help members overcome barriers that might prevent them from obtaining a home loan. For example, if your credit history is lacking, your credit union might be willing to provide a loan where a bank turns you away.
This is just one aspect of the many relationship-building benefits that come with credit union membership. A credit union will also be more interested in helping you to navigate any difficulties that you may experience when paying off your loan.
Also, it helps to know that when you take out a mortgage with your credit union, that loan stays with them. When you take out a home loan through a bank, your loan is likely to be sold off to a larger lender, with interest proceeds going there instead.
With a credit union, you know that your money is going back into your local community.
Community Oriented
Credit unions are naturally community oriented. Because every credit union is essentially a cooperative, you’re actually an active part of a financial institution. Furthermore, taking into account common membership requirements, credit union members often live in the same community.
This is another reason why credit unions are increasingly popular as alternatives to banks, which rarely bring that sense of community and belonging.
Voting & Governance
Credit union membership means you get to actually have a say regarding how the institution is run. All members can vote on important decisions, including the selection of board members. Credit union members are all equal co-owners.
This is obviously in stark contrast to all traditional banks, which are run exclusively by owners and non-elected board members.
Variety of Service
While credit unions are often thought of as having less products compared to a bank, there actually may be a greater variety of services available. In addition to financial education and counseling, credit unions offer checking accounts, savings accounts, branches with other credit unions, as well as various loans and credit cards.
Many credit unions are focused on providing as much support to their members as possible, and regularly seek feedback on how to improve their services.
Insured Deposits
Just like with FDIC insurance at a bank, a credit union will have regulated deposit insurance. A federally insured credit union will be protected by the National Credit Union Administration, via the National Credit Union Share Insurance Fund. Some state credit unions are also insured by the same body, if not privately.
The NCUSIF is backed by the U.S. government and covers individual member deposits up to $250,000 at all federally insured credit unions.
See also: Best Nationwide Credit Unions of 2023
What to Consider Before Joining a Credit Union
We’ve looked at the many benefits of joining a credit union. It’s only fair to consider that there are some potential downsides, too. Here’s what you should be aware of if you’re considering credit union membership:
Exclusive Membership
Most credit unions are only open for those living or working within a specific community or profession. Although there are exceptions to this, it’s important to know that there may only be a handful of credit unions you can realistically join.
Limited Location Availability
Many credit unions are small institutions, with just one or two brick-and-mortar branches. If you need to conduct in-person business at your credit union, you may have to make a trip out of town. This could also narrow the pool of feasible credit unions you can join even smaller, especially if you like to bank in person.
Fewer ATMs
Unlike large banks, credit unions don’t have extensive ATM networks available. Instead, most credit unions will only have dedicated ATMs attached to a branch.
While you will still be able to use non-network ATMs to conduct basic banking transactions, you’ll be subject to fees for the service.
Limited Technology
One major downside of credit unions is that some of them are lacking in technology. When it comes to websites, mobile apps and online banking options, credit unions may often fall behind compared to big banks.
If online banking is a priority for you, make sure to look for a credit union with well developed online services.
Less Credit Card Options
While some big credit unions will do their best to compete with large banks, smaller credit unions are unlikely to have the same variety of credit cards available.
If you’re set on landing a credit line that comes with big rewards programs and sign-up bonuses, you might be disappointed with a credit union’s offerings.
Benefits of a Credit Union – FAQ
Can anyone join a credit union?
Credit unions are not exactly exclusive clubs, but in many cases there are certain requirements needed to become a member. Generally speaking, large credit unions operating several branches will be easier to join than smaller, localized ones.
Credit unions are designed to serve their communities. As a result, some are strictly for employees of a certain organization, while some are geared to anyone living or working in a designated community.
You can usethis website to find credit unions that are local to you, and find out which options you’ve got.
Is it better to keep my money in a credit union or a bank?
The answer depends on your own unique financial needs and priorities. While credit unions often have better rates for savings and loan products, banks don’t have membership exclusivity.
A bank may also just be a more convenient option for you, especially if you’re looking for specialized financial products or slick online banking services.
Are credit unions safe?
Yes. Storing your money in a credit union is just as safe as using a bank, provided your credit union is insured by the National Credit Union Administration. Don’t take it for granted that any credit union you join is suitably secured.
Bottom Line
Better rates on savings, loans and a personal touch are some of the biggest benefits to credit unions. However, as we’ve seen, there are potential downsides that could disrupt your plans of joining a credit union.
Before making any changes, be sure to research the credit unions in your area. Keep in mind that services and rates can vary widely between credit unions.
Once you’ve found a credit union you can join, you’ll want to compare rates, fees and other details to maximize the benefits.
Save more, spend smarter, and make your money go further
Creating a romantic meal at home is a somewhat bigger challenge than your standard Monday-night fare. Especially if you haven’t yet cooked for this significant other — or, if you’re in a long-term relationship, haven’t cooked for them often. And especially when the occasion in question is Valentine’s Day.
Luckily, there are plenty of ways to up to romance factor, either overtly (like aphrodisiac ingredients and candles on the table) or covertly (that valentine’s favorite dish). Cooking together can also be a ton of fun for a date.
Frugal Foodie recommends sticking to what you know, and what you know your sweetheart will like. Even the most intricate meal falls flat if the steak burns or your date turns out to be allergic to hazelnuts. Years ago, Frugal Foodie spent hours on an intricate Coeur a la crème dessert topped with strawberries only to find out her date simply hated the fruit. Needless to say, that did not go over well with either party.
We talked to chefs, home cooks and other relationship experts about their go-to date meals. Post your own tried-and-true recipes below, and then try these seven romantic-and-cheap options.
There are appetizers, main courses, desserts and even a next-day breakfast, all for under $10 to prepare. (Cost estimates are based on non-sale New York City supermarket prices. If it’s a cheap meal in NYC, we figure cooks in most other places in the country will spend even less. Prices are also adjusted for quantity: if a recipe calls for half an onion, you’ll probably find something to do with the other half. Finally, estimates don’t take into account basic ingredients you likely already have, like flour, olive oil or dried spices.)
Oyster with Spicy Vinaigrette and Apples
Cost: $8.37 for half a dozen oysters, or $1.40 apiece.
Chef Michael Carrino, the owner of Restaurant Passionné in Montclair, N.J., suggests starting off your meal with this celebrated aphrodisiac. Open the oysters — he suggests two dozen Kushi, but the quantity and type is up to you. In a small bowl mix two tablespoons white balsamic vinegar, a teaspoon chopped garlic and an eighth of a teaspoon cayenne pepper. If desired, add a teaspoon of apple brandy, too. Using a whisk, slowly mix six tablespoons olive oil into the bowl and season with salt to taste. Garnish oysters with vinaigrette and peeled, finely-diced apples.
Strawberry-Tangerine Salad
Cost: $5.36, or $2.68 per serving.
No need to load up on aphrodisiacs. “Simplicity is the most exciting and titillating aspect of any recipe,” says Lorne Caplan, a scent and aphrodisiac expert. His suggestions: use basil, ginger, vanilla or — in this case, strawberry. Top a mixed-green salad with candied walnuts, tangerine wedges and a bit of goat cheese. Drizzle a strawberry-based dressing (try Frugal Foodie’s here). “Go easy on this as the scent is key and can be overpowering,” Caplan says.
Chicken Madeira
Cost: $7.20, or $3.60 per serving.
“I started dating a boy who dated a chef prior. No pressure there!” says Karralee Serra, who has been documenting her efforts at culinary improvement on “My Boyfriend Dated a Chef”. Serra used this recipe, scaled down for two, to step up her game. It worked. “There is nothing more wonderful than hearing, ‘I can’t wait to see what delicious thing you will cook on our next date,’” she says.
Salmon with Green Sauce
Cost: $9.86, or $4.93 per serving.
“The man had me with his pesto,” says Jill Mikols Etesse, the creative director for children’s app developer SmartyShortz, of her now-husband. His take on Martha Stewart’s dish scaled down for two, she says, is one of the few things he can cook – and what he makes her every Valentine’s Day. “I remember how I felt that [second date] evening,” she says. “It keeps me going.” As an added benefit, the recipe makes enough green sauce to use with other dishes for days on end.
Boozy Chocolate Truffles
Cost: $2.95 for about three dozen truffles.
Frugal Foodie and Mr. Foodie made a version of these Alton Brown truffles for their first Valentine’s Day together, subbing in already-on-hand Grand Marnier for the brandy. It’s been a tradition ever since, and we switch up the brand of chocolate and alcohol every time. Forgo the melon baller and hand-roll the truffles instead — it’s messier, but a lot more fun.
Quick Chocolate Soufflé
Cost: $3.25, or $1.63 per serving.
Intimidating? You bet. But Carrino promises that soufflé can be simple, too. Preheat the oven to 400 degrees. Coat the inside of four 6-ounce ramekins with the nonstick cooking spray, and then dust with a tablespoon of sugar. Chop four ounces of semisweet chocolate and combine with a half-cup heavy whipping cream in a microwave safe bowl. Heat on high for one minute and stir until chocolate and cream are full incorporated. In a separate bowl combine five egg whites and four tablespoons sugar and beat by hand until soft peaks are formed. After the chocolate mixture has cooled a bit gently fold it in to the egg whites. Spoon the batter into the ramekins and place in the refrigerator uncovered until needed. When ready, bake at 400 degrees on a cookie tray for 10 to 12 minutes or until the center does not jiggle. Dust with powdered sugar.
Strawberry French Toast
Cost: $3.16, or $1.58 per serving.
Romantic meals don’t stop at dinner, either. “My first love used to work the graveyard shift at the grocery store, so when he got off work it was breakfast time,” says San Jose, Calif., event planner Darlene Tenes, the founder of Hispanic lifestyle company CasaQ. Her Valentine’s inspiration often included his favorite French toast with mimosas.
Frugal Foodie is a journalist based in New York City who spends her days writing about personal finance and obsessing about what she’ll have for dinner. Chat with her on Twitter through @MintFoodie.
Save more, spend smarter, and make your money go further
Previous Post
Nickel and Dimed: Little Fees Add Up Big
Next Post
Next Stop For Daily Deals: Social Networking and Customization
Browse Related Articles
How to Be a Frugal Foodie On Valentine’s Day
Saving 101
10 Gourmet Meals For $10 or Less
Financial Planning
Frugal Food to Get You in the Mood
<img width="600" height="578" src="https://blog.mint.com/wp-content/uploads/2019/02/Stocksy_txp7a6b9796oKE200_Small_1959302.jpg?w=600&h=578&crop=1" class="rkv-card__media" alt="Valentine’s Day Budget Friendly Ways to Celebrate" decoding="async" loading="lazy" data-attachment-id="9745" data-permalink="https://mint.intuit.com/blog/family/valentines-day-budget-friendly-ways-to-celebrate/attachment/two-beautiful-girls-cooking-in-them-home/" data-orig-file="https://blog.mint.com/wp-content/uploads/2019/02/Stocksy_txp7a6b9796oKE200_Small_1959302.jpg" data-orig-size="866,578" data-comments-opened="0" data-image-meta=""aperture":"0","credit":"Santi Nunez / Stocksy United","camera":"","caption":"Two beautiful girls cooking in them home. Multiracial relationship concept.","created_timestamp":"0","copyright":"All Rights Reserved","focal_length":"0","iso":"0","shutter_speed":"0","title":"Two Beautiful Girls Cooking In Them Home.","orientation":"0"" data-image-title="Valentine’s Day Budget Friendly Ways to Celebrate" data-image-description="
Investing requires resolve and a long-term vision, but it doesn’t actually have to involve the stock market. Here’s a guide to non-stock investing options:
Precious Metals
During the Great Recession, precious metal commodities like gold and silver were all the rage. As the stock market lost more than 50 percent of its value, gold and silver started a monumental rise in price. Gold went from around $600 per ounce in 2007 to peak at $1,900 per ounce in 2011.
The prices of the most popular commodities have since fallen from their peak; but had you invested in precious metals for that period of time (and others like it in history), you would have netted a healthy profit for your portfolio.
Relying solely on precious metals for your portfolio is extremely risky, though, and I wouldn’t suggest it. However, commodities do tend to act in an opposite manner to the stock market, and using precious metals as a hedge against volatility can be a great strategy.
Related >> Beginners’ Guide to Investing
Peer-to-Peer Lending
Peer-to-peer lending is one of my favorite alternative investments. It is the ultimate win-win for consumers. Consumer “A” gets a loan from Consumer “B” (and typically a large group of other investing consumers). Then Consumer A gets to pay off high-interest-rate credit card debt that stands at 20 percent with a personal loan that has a fixed term and a fixed interest rate of, say, 10 percent. This also means a fixed payment each month.
For their part, Consumer B and his friends get to enjoy a much higher rate of return than they would be able to reach with cash sitting in the bank. Both sides win: The borrower gets a lower rate and a fixed term to pay off the loan while the lender enjoys a healthy rate of return.
It’s true that some see peer-to-peer lending as a risky asset class because you are relying on strangers to pay the loan back. As with any type of investing, you don’t want to put all your eggs into one basket. Diversifying your portfolio of loans helps tremendously when you do experience a loan that goes unpaid. (Plus, P2P websites like Lending Club and Prosper have collection methods that kick in on borrowers who miss payments.)
I’ve become so enamored with peer-to-peer lending that I decided to embark on a little experiment. I divvied up about half of my Solo 401(k )contribution into both Lending Club and Prosper. The goal of the experiment was two-fold:
See how much interest I could make with this investment strategy.
Compare the two companies to see which one provided better earnings.
Overall, I was pleased with the results. Both companies netted double-digit returns for me, and I plan to add more money into these investments.
Owning a Business
Hands down, I think the alternative investment with the highest potential rate of return is running your own business. This isn’t without risk — the vast majority of small businesses die within five years — but if you can outlast the statistics, it can be extremely rewarding.
I used to work for a company providing financial advisory services. I took a huge leap of faith, started a business, and started blogging. My financial planning business has thrived and my blog has earned well over six figures since I started.
The beautiful thing about running a small business is not only are you the boss, but you can grow and maintain it as much as you want. Maybe you love your full-time job but you want to try out a new skill. Spend your nights and weekends trying it out, earn some extra dough, and keep working full time. Even a little side income can make a huge difference in your financial life, and when you don’t have time to maintain it, then slow down and focus on other priorities.
Related >> Best side jobs for extra cash
Real Estate
If you’re interested in…
-significant cash flow
-leveraging other people’s money
-enjoying large tax write-offs
…then real estate can be a great choice.
Let me be clear so I don’t sound like a late-night infomercial: Real estate investing is difficult. The learning curve is significant. When you first start, you *are* putting all of your eggs in one basket because you will only have one property to rent out or flip. A previous GRS writer shared his experience of rushing into real estate investing.
Many people have lost their shirts trying to get rich with real estate. Even Dave Ramsey went bankrupt based on a series of really poor real estate investments at the start of his career.
Amid all the horror stories about crazy tenants, poor cash flow, and something always breaking, there is some significant income to be had from real estate investing. What’s better is you don’t have to put 100 percent down on a house. You can usually get away with 25 percent to 35 percent as a down payment and let the bank fund the rest of the purchase. This leverage means you can leave more money in reserve for the inevitable issues that pop up or to expand into a larger number of properties faster.
Bonds
Nearing retirement? You’ll want to cut back on your stock allocation and put some of those funds into bonds. You might associate bonds with the stock market because they are so commonly paired with stocks in a portfolio, but technically bonds are traded on the bond market. You won’t generate sky-high returns here, but you will also cut out a majority of the volatility you get from stocks. Very few bond investments have lost 50 percent of their value for two years and then returned 100 percent the next four years.
Related >> Investing 101: How Bonds Work
Investing in individual bonds carries more risk because they are not diversified. If the company that issues the bond goes under, you might not get your principal investment back. However, bond ETFs and mutual funds can provide the non-stock exposure of bonds with the added benefit of diversification.
Certificates of Deposit
The lowly certificate of deposit or CD. Simple. Basic. Low return.
And sometimes. . . just what the doctor ordered.
A CD is a simple financial product where you hand over some cash to a bank or credit union for a set period of time and a set interest rate. If you have less than $250,000 in total assets at that bank or credit union — across *all* accounts — your investment principal is guaranteed by the FDIC. You literally cannot lose the principal balance if you use this method.
The upside of CDs is stability and guarantee. The downside is, at least right now, inflation will be eating away at your principal balance. Certificate of deposit rates are extremely low due to the Federal Reserve’s monetary policies but if rock-solid security is your number one investment driver, this is worth a look.
Related >> Best CD Rates
Annuities
Ewww. . . annuities. Don’t all personal finance bloggers hate annuities?
Listen, I get it. Annuities CAN be bad. Terrible, in fact. Fees, confusing contract terms, and an encyclopedia of fine print.
Most people don’t realize there are several types of annuities: fixed, immediate, variable, equity-indexed, and several more.
Hear me out. The right annuity with the right, sensible, un-scammy terms can be a solid foundation for a retirement portfolio.
In fact, Mike Piper, a previous GRS contributor, shared how you can create retirement income by purchasing the right annuity.
But like any investment, buy with caution. And be wary of commission-hungry, shady advisers just looking to make a sale vs. matching you with an investment that works toward your financial goals.
Yourself
Last but certainly not least, investing in yourself can pay dramatic dividends. I have personally done this in a variety of ways. Besides getting my CFP certification — certified financial planner — another major investment I made in myself was signing up for a coaching program.
I can’t blame you if you’re skeptical about coaching programs. I was too. It’s been more than three years since I signed up for The Strategic Coaching program and it has literally been the best investment I ever made. The mentoring has allowed me to grow my business significantly, and the return on what I paid has been tremendous. It makes a 9 percent return in the stock market look like nothing.
In all, when you think of investing, you don’t have to immediately think of bull or bear markets or even markets at all. There are other avenues to explore. Let us know what’s working for you in the comments section below.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
A business degree can open up doors to many different career paths and can give you the skills you need to be successful in the world of business. However, not all business degrees are created equal. There are a variety of different business degrees available, and each one has its own strengths and weaknesses.
A business administration degree gives you a general introduction to the business world and teaches you the basic skills you need to be successful in the workplace. In addition, it provides a foundation for further study in specific areas of business such as accounting or marketing.
The value of a business degree depends on a variety of factors, including what you hope to gain from the degree, your field of study, and your career goals. However, there are some things to consider when making this decision.
According to PayScale, the average ROI for a business degree is about $1 million. This number takes into account both the cost of getting a business degree and the increased earnings potential that graduates typically experience.
While many jobs require at least some level of post-secondary education, not all jobs require or even prefer candidates with a business degree specifically.
In this article, we will highlight everything you need to make a decisive decision for you.
Why a Business Degree?
There are many reasons to get a business degree.
For starters, they offer great flexibility and come with an abundance of valuable career resources. Additionally, business degrees can lead to even more opportunities in the business world.
Finally, it’s important to note that getting a business degree is very profitable and attractive.
Is a business degree worth it?
There is no one-size-fits-all answer to this question.
A business degree can be an excellent investment if you are looking to start or grow a business or are interested in finance, accounting, human resources, or marketing.
Finally, think about the cost of tuition and other associated expenses.
What Can You Do with a Business Management Degree?
Business management degrees can prepare students for a variety of careers in the business world.
Some possible careers include:
Business analyst
Accountant
Human resources manager
Event planner
Marketing manager
Operations manager
Financial analyst
Business owner
A business management degree can open up a variety of doors for you! You can go into many different industries and have a number of career options available to you.
Business management degrees provide opportunities in growing fields like finance and marketing. In addition, business and financial operations occupations are projected to grow on a national level more than other careers.
This means that if you have a business management degree… You will be entering an occupation that is expected to have continued growth in the future.
Types of business degrees
First, consider what type of business degree you want.
There are three options:
Bachelor of Business Administration (BBA): This is a general degree that provides students with a broad knowledge of business. It includes subjects like management, accounting, economics, and marketing. Perfect for those who want managerial positions or start their own company.
Bachelor of Arts in Business Administration (BABA): This degree consists of business subjects along with humanities and social science courses. This type of degree may be a good option if you want to pursue an international career.
Bachelor of Science in Business Administration (BSBA): This type of degree has a strong analytical and math-oriented focus. It’s excellent for careers like financial analysis.
Once you have decided on the type of business degree you want, consider your field of expertise.
Do you want to work in finance? Marketing? Human resources?
Each field requires specific skills and knowledge. So, make sure the degree you choose will provide you with the necessary training. This would be your minor (area of expertise).
Just remember… Each different types of business degree offer students a variety of opportunities. Thus, can help students develop the skills they need for success in the workplace.
Getting A Business Degree
So why should you consider getting a business degree? First and foremost, they offer great flexibility in careers.
Additionally, most programs come with access to a wealth of career resources that can help you land your dream job after graduation.
And finally, having a business degree is highly profitable and attractive in the current job market.
Whether you’re just starting out in your career or looking to advance further, getting a business degree is an excellent choice.
They provide students with valuable skills for entry-level positions that are highly sought after by employers. Plus, an accredited program will likely lead not only to an invigorating educational experience but also to a job that meets your needs and drives your passions
Is Business a Good Major?
There are associate’s degrees, undergraduate degrees, and graduate degrees in business administration available at schools across the country. Which one is right for you? That depends on your goals and what you want to study.
If you’re not sure what you want to study, or if you want to explore your options before making a decision, consider an associate’s degree in business administration first. This type of degree can give you a basic understanding of the field. Then, it can help you decide if you want to continue your education or go into the workforce directly.
If you already know that you want to study business administration at the undergraduate level, then look for a school that offers a broad range of courses in this area. So, you can gain exposure to as many different aspects of the field as possible.
If you’re interested in pursuing a career in business administration but want to take your education one step further, consider a graduate degree in business administration. This type of degree can prepare you for management-level positions and help you stand out from the competition.
Pros of getting a business degree
A business degree can give you many advantages in your career!
Help you advance in your career.
Give you the skills you need to start your own business.
Teach you how to manage a company effectively.
Help you develop marketing and sales skills.
Pursing a business degree may lead to a rewarding educational experience! As well as a career that meets your needs and drives your passions.
In addition, there are plenty of accredited colleges and universities that offer online business degrees. These choices are often convenient and affordable.
Pro #1 – Versatility of a business degree
A business administration degree program can provide a diverse range of career options and prepares students for success in any industry.
Business administration courses are foundational for a variety of careers.
Core coursework in areas such as:
Finance
Accounting
Marketing
Management
These areas of study teach students how to think critically and make sound decisions in a variety of business scenarios.
In addition, many programs offer specializations or concentrations in specific fields such as:
Entrepreneurship
Human resources
Information technology
Thus, allowing students to focus their studies on an area that interests them.
Business graduates are well-prepared to take on a variety of roles within organizations. Plus can usually find jobs with good pay and benefits.
And because the skills learned in business school are applicable in so many different settings, graduates typically have multiple career options available to them if they decide to change jobs or careers down the road.
Pro #2 – Advancement Opportunities
Employers respect and value a business degree from a well-respected school, which can open doors to advancement opportunities.
With a business degree, you can move up the corporate ladder more quickly or start your own successful company.
In addition, a business degree gives an individual the ability to understand the latest changes in the business world and understanding of new strategies, insights, and ideas that can improve a company’s performance.
Business degrees are necessary for individuals who want to stay ahead of the curve in their industry.
If being successful in your field is important, then getting a business degree is essential. Additionally, new opportunities are presented to you.
Pro #3 – Higher Salary
A business degree can lead to a higher salary than an undergraduate degree for the same job.
The impact of your salary depends on a number of factors, including your school, the chosen field, your position, and your past experience.
Many business administration graduates specialize in a discipline, which leads to different salaries for those same careers depending on the discipline.
For example, if you are making a $45k salary a year, then a business degree might help you increase to $60k a year.
Pro #4 – Career resources and networking opportunities
To make the most of a business degree program, consider taking advantage of your school’s unique resources, including career centers and alumni networks.
Then, you are able to use their resources to open the door to a variety of job opportunities.
The career resources will help you find internships and jobs. While the networking opportunities will help you connect with professionals in your field.
Business management degrees can also benefit from extra-curricular activities like clubs and networking events.
Pro #5 – Transferable skills
Business is present in nearly every modern industry. That means degree holders have the option to apply their business degree to just about any area of industry.
Thus, provides skills that are in high demand in the workforce, such as critical thinking, problem-solving, decision making, communication, and leadership skills.
Professionals with a business degree have many options for employment and provide a competitive edge in the job market.
Cons of Getting a Business Degree
A college degree is still the gold standard for obtaining good employment. However, it is no longer the only way to achieve success.
Though there are many benefits to getting a business degree, there are also some potential drawbacks you should consider before making your decision.
Con #1 – Cost of the degree
One such drawback is the cost of tuition and other associated expenses.
The average tuition for an in-state student at a public university is $10,388 per year, and the average tuition for a private university is $38.185 per year (source). That doesn’t include room and board, books, supplies, or other fees. If you’re attending school out-of-state or out of the country, your costs will be even higher.
You can apply for scholarships and grants, take out loans, or work part-time while you’re in school. But no matter how you pay for it, the cost of a business degree is significant.
Con #2 – The job market doesn’t have enough jobs
Getting a business degree isn’t always the best option for career advancement.
There are disadvantages to getting a business degree, such as lower unemployment rates and higher wages compared to other occupations.
Even though a bachelor’s degree in business is required for many jobs in the industry. If you’re interested in pursuing this path, it’s important to make sure you choose a program that will prepare you well.
Con #3 – Certifications are better
Certifications can also help you learn new skills and stay up-to-date on the latest trends in your industry. This comes without the time and money needed for a degree in management.
In fact, both Microsoft and Google have stated that certification for hiring for jobs is more important than a college degree (source).
For example, getting certified in specific areas can help you become an expert in a particular field and make you more marketable to employers.
While both can lead to a variety of career opportunities, you must decipher which is best for your situation.
Con #4 – You don’t need a business degree to work in business
A business degree is not always necessary to work in a corporate setting.
While getting a business degree can help you learn about the inner workings of businesses and how to run them effectively, you can also learn the same skills with hands-on job experience.
In fact, many people who work in business don’t have any formal education in it at all. There are a number of things you can do to gain the skills you need to work in the business without getting a formal degree.
Con #5 – Not Needed to Start Your Own Business
Most importantly, a business degree may not be the best route for you if you want to start your own business.
A business degree won’t give you all the skills and knowledge you need to succeed as a small business owner.
Many times, the best lessons are taught through hard work and perseverance.
Con #6 – Not Truly Prepared for Career Path
Another potential downside to getting a business degree is that not all degrees offer the same level of preparation for specific careers.
So, it’s essential to do your research and choose a program that will give you the skills you need to pursue your desired career path.
Con #7 – Time Consuming
Finally, getting a business degree can be time-consuming and require significant dedication. So make sure you’re ready for the challenge before embarking on this journey!
How to decide if getting a business degree is worth it for you?
There are a few things you should consider when making this decision:
What industry do you want to work in?
What is the job market like for business degrees?
Will you be able to get scholarships or grants?
What are the salaries for business degree holders?
What are the opportunities for advancement for business degree holders?
Will you be able to work while your degree?
What are the costs of getting a business degree?
It is important to remember that business degrees are not just useful for starting a company! They can also lead to lucrative careers in other fields such as finance or law.
So if you’re still undecided on whether or not getting a business degree is worth it for you, consider all of the possibilities!
Tips to Ask Yourself Before Enrolling in Business School
A business degree can be expensive, but it may offer opportunities for career growth and earning potential that outweighs the initial investment. You must weigh the pros and cons carefully before making a final decision
When making the best decision for you, there are many factors to consider, such as time commitment, cost, and potential return on investment.
Tip #1 – Consider your goals and objectives.
What do you hope to gain from a business degree? Are you looking for career advancement opportunities, or do you want to learn more about business fundamentals? Knowing what you want out of a business degree will help you narrow down your options.
Tip #2 – Do your research.
There are many different types of business degrees available. So be sure to compare programs and find one that fits your needs and interests.
In addition, you must consider if an accredited online college or university offers a program that meets your needs.
You need to research the university’s accreditation status so you can know what that means for you when looking for work after graduation.
Finally, think about what you want to do with your degree. Find a program that will give you the skills and experiences needed for your desired career field.
Tip #3 – Ask around.
Talk to friends, family, and colleagues who have pursued a business degree. They may have valuable insights that can help inform your decision.
Do you regret getting a business degree?
Personally, I do regret getting my undergraduate degree in marketing.
I don’t think that was the best field of study for me. Plus my college at the time refused to teach social media marketing, which was brand new and my degree was quickly outdated without the proper skills.
The college experience was absolutely amazing and I grew as a human being. But, I truly believe there was a better degree for me to start out with.
However, if you were looking for a business degree with a focus such as finance, accounting, or computer information, I think those are more highly specialized to off a better benefit.
What Business careers look appealing to You?
A business degree can help you move into a different career field and earn more money.
In addition, a business degree can build a solid foundation of skills and knowledge for you to build your own business. However, there are many other ways to learn about business, so it is important to research the different options and find the best one for you.
There are many different types of business degrees available. As such, it can be difficult to decide which one is right for you.
This decision is not the same for everyone as we all have our own upbringing and experiences. Every single person you ask will tell you something different and whether their business degree was worth it to them.
Business education can be expensive, but there are many resources available to help you finance your education. There are also many benefits to earning a business degree, so weigh all the factors and make the decision that’s best for you.
Know someone else that needs this, too? Then, please share!!
For those looking to build their dream home, purchasing land is usually the first big step.
While building a house is far from easy, there are ways for first-time homeowners to make their dreams achievable. Land loans are a great resource, often used in conjunction with a traditional loan. Anyone choosing to build a house is likely to at least consider applying for a land loan.
A land or lot loan is a great financing option for those who have always dreamed of buying land and building their own home.
11 Best Banks for Land Loans
Because land loans typically carry higher interest rates than traditional mortgage loans, it pays to carefully consider the pros and cons of several lenders.
Below we’ve compiled a detailed list of the banks and credit unions offering the best land loans available today. Whatever lender you choose, be sure to check beforehand that they are fully licensed to provide mortgage loans.
The Nationwide Mortgage Licensing System (NMLS) is a centralized database of licensed lenders which you can use as a reference.
1. Atlantic Union Bank
Atlantic Union Bank offers land loans for both residential lots and undeveloped land. The bank is based in Virginia.
There are also separate construction loans available for those interested in financing the construction of a residence. Bear in mind that while Atlantic Union has a strong reputation as lenders, having been in business since 1902, they don’t have services like loan calculators, interest rate guidelines, or down payment information on their website.
For more information on a land loan with Atlantic, you’ll need to call them or visit a local branch to speak about a land loan.
2. Old National Bank
Old National Bank is headquartered in Indiana, and has been in operation since 1834. They offer lending products and services to residents of Indiana, Minnesota, Wisconsin, Michigan, and Kentucky. Old National has two different types of financing for land on offer, depending on the size of the property you’re interested in:
Lot Loans are designed to finance land purchases of no more than 5 acres, requiring a 20% down payment.
Land Loans are for larger property, designed to finance land purchases between 5 and 25 acres. These loans come with a minimum down payment of 35%.
Both land and lot loans with Old National will carry various interest rates and repayment terms. You can get either of these loan types for both improved and unimproved land, and there is no obligation to immediately begin building once a loan is secured.
Old National Bank also has around 250 brick-and-mortar locations since merging with First Midwest Bank. If visiting a local branch to speak with a loan officer is your preference, you shouldn’t have to travel too far.
On the other hand, you also have the option of using Old National’s online loan calculator and online loan application service, if visiting a local branch isn’t convenient.
3. Mountain America Credit Union
Mountain America Credit Union is a federally chartered credit union regulated by the National Credit Union Administration (NCUA) and headquartered in Sandy, Utah. They locations across Arizona, Idaho, Utah, Montana, Nevada, and New Mexico.
Mountain America’s lot loans are available with 85% financing on approved credit, fully amortizing fixed-rate and balloon options, and an easy online application process. The loans are designed to be easily converted to a construction loan, ensuring that you can move forward with your home building plans when you’re ready.
4. WaFd Bank
WaFd, or Washington Federal, offers bank loans for improved land up to the value of $700,000, without any immediate obligations to build.
You can use their online loan calculator to receive an estimate of the interest rates you can expect for a land loan. These estimates are based on your credit score, development plans and the specifications of your desired property.
The minimum down payments and interest rates will vary depending on your ideal loan term, as well as all the other details of your application.
You can apply directly for loans through their online portal, as well as in person at a bank branch. Land loans are available from WaFd Bank only in the following states: Washington, Idaho, Nevada, New Mexico, Oregon, Texas and Utah.
5. Banner Bank
Banner Bank is active in the states of Idaho, Washington, Oregon, and California. They offer financing for purchasing both improved and unimproved land. Banner allows customers to borrow up to 75% of a property’s purchase price, and they also claim to bring competitive interest rates and fees.
All loans with Banner Bank are approved in-house, which means a streamlined credit score check and loan approval process.
If you do apply for a loan with Banner Bank, you also have the option of locking in a fixed interest rate or a flexible rate. Banner also offers financing for construction and personal loans.
6. California Bank & Trust
Customers with California Bank and Trust can potentially avail of both a land loan and a construction loan in one. The bank offers financing for up to 60% of the lot purchase value, along with several loan options.
The option to choose either a single or dual-purpose loan, which can cover both land purchase and construction of a home, makes California Bank & Trust an attractive lender. This is a great option for those looking to save both time and money.
You can apply for a loan online, over the phone, or in person at a local branch.
7. Randolph-Brooks Federal Credit Union
Randolph-Brooks Federal Credit Union is not your typical financial institution. As a financial cooperative, its sole mission is to help members save time, save money, and earn money. Over the years, the credit union has expanded its reach to over 1 million members in Texas and beyond, with a strong presence in Austin, Corpus Christi, Dallas-Fort Worth, and San Antonio.
With over 60 branches dedicated to serving members and the community, RBFCU offers a range of land loan benefits and features, including term options up to 15 years, free 60-day rate lock, and up to 90% financing.
And the best part? There are no building requirements from the lender, so you can have the freedom to build your dream home the way you want. Set up automatic payments and let RBFCU help you make your land ownership dreams a reality.
8. Citizens Bank & Trust
Citizens Bank & Trust is a North Alabama-based institution that’s committed to providing a hassle-free lending experience. What’s more, you can roll your loan into a permanent one, saving you on closing costs.
With local decision-making and processing, you’ll get the personalized attention you deserve, while a streamlined application process ensures you get your funds when you need them. You can experience a stress-free borrowing experience when you choose Citizens Bank & Trust for your land loan needs.
9. Alpine Bank
Alpine Bank is active in Colorado, offering financial services including land loans. Specifically, they offer loans for both lot and new constructions, with a maximum loan to value amount of 75% for land classified as improved.
Alpine Bank doesn’t offer lending details on their website. You can use their website to connect with lending experts in your county. You can also reach out for more loan information online, over the phone, or in person at one of their local bank branches.
10. First Bank & Trust
If you’re looking to buy land or a lot and build your dream home, First Bank and Trust Company can help. Headquartered in southwest Virginia, with additional locations in Tennessee, North Carolina, and Virginia, the bank is committed to helping you realize your homeownership goals.
With a range of lot and land loans, you can choose the financing option that’s right for you, while enjoying competitive rates and flexible terms. Whether you’re looking to build your dream home or invest in a piece of land, First Bank and Trust Company has the financing options you need to make it happen.
11. First Hawaiian Bank
First Hawaiian Bank offers land loan options designed for those who are ready to buy land but not quite ready to build. With 2- and 3-year terms available and no prepayment penalty, you can secure the land you want without worrying about costly fees. And with interim financing available to purchase a vacant lot at residential pricing, you can lock down the land you need to bring your vision to life.
Best of all, your FHB land loan can be refinanced into a construction-to-permanent loan with reduced fees, making it easier than ever to get the financing you need to build your dream home.
What are land loans?
Land loans are loan products designed to help individuals and businesses purchase land for development. A bank, credit union, or online lender can offer specific loans for those interested in buying land. Land loans are also known as ‘lot loans’.
Similar to a mortgage loan, land loans provide individuals and small businesses the opportunity to finance the purchase of land for many purposes, such as investment, agriculture, recreation, or development.
However, because these types of loan are considered riskier for lenders, they typically come with a higher interest rate compared to a mortgage loan. In addition, the conditions of the loan will depend on the type of land being purchased, as well as what the land will be used for.
Let’s take a closer look at the types of land that a land loan can help finance.
Types of Land Classification
Your chances of obtaining financing for land will depend partly on the type of land you want to purchase. In general, lenders who offer land loans will view developed land as less of a risk than undeveloped land.
When it comes to land loans, there are three primary types of land considered for financing.
Raw Land
‘Raw land’ is the first classification and refers to completely undeveloped, rural land. Think no buildings, electricity or drainage system. This is the most difficult land to obtain financing for because land loan lenders view it as the greatest risk of abandonment.
As a result, if you plan to apply for a land loan for raw land, you’ll need to demonstrate that you’ve got a detailed plan for development. Showing lenders that you’re competent and dedicated to the project will help you navigate the lending market.
Although the purchase price of raw land is often cheaper than land that is developed, a raw land loan will come with higher rates. You may also be required to put up a more substantial down payment.
Unimproved Land
‘Unimproved land’ is a step up from raw land, and covers a broad variety of possibilities. Unimproved land will often be land that was once developed, or has seen failed attempts at development in the past. In some cases unimproved land will have some limited access to utilities and amenities, but will need significant repair and refurbishing.
An unimproved land loan can also be difficult to get, even though it poses less risk compared to raw land. Again, having a detailed plan and being aware of the challenges at hand will be a huge help when negotiating with lenders. A large down payment and a strong credit score will also be helpful.
While lenders tend to view unimproved land loans as less risky than raw land, it is still common for rates to be a fair bit higher compared to traditional mortgage rates, for example.
Improved Land Loan
‘Improved land’ typically has decent or good access to utilities, roads and water. Because improved land is the most developed land type, it almost always comes with a higher price tag. On the other hand, this means that interest rates will be significantly lower compared to raw or unimproved land loans. You’ll also find more affordable down payments for developed lots.
For most aspiring homeowners, purchasing land that is already developed with access to basic amenities is the ideal. This allows them to immediately get to work building a house, whereas having to develop land first could add at least another year to their construction project.
How to Apply for a Land Loan
If you want to buy land and build your dream home, you’ll probably want to apply for a land loan. Land loan applying isn’t complex, and land loans work the same as many other types of loan. Here are the steps involved:
Find a Plot
You should start by first identifying the plot of land you want to buy. It helps to have a few options chosen in advance. For example, in the event that you can’t afford to find a good lending option for your first choice, you can quickly move on to an alternative instead.
Draw up a Development Plan
The next step is to make a development plan for each plot that you have on your shortlist. You may need or want to hire professional help to create a solid plan. Try to include as much detail as possible, without overextending yourself or wasting too much time and money.
When it comes to development and construction plans, both an estimated timeframe and overall cost range are the most important details. A good plan will help you negotiate the best rates with a lender.
Find a Lender
Once your development plan is ready, it’s time to seek potential lenders. Depending on the type of development you’re proposing, as well as the type of land you want to buy, it may take some time to find willing lenders.
Be prepared to also take some time to consider more than one loan offer. Ideally, you can compare multiple lenders, and use a pre-approved quote from at least one lender to negotiate against others.
Complete the Application Process
Once you’ve chosen a lender and been approved for your loan, you’ll be guided through the lender’s application process. The majority of lenders will require information such as your development plan, a credit check, and personal information.
You might also need to provide details on things like zoning considerations, utilities access and land use restrictions, where relevant.
Alternative Land Financing Options
In addition to seeking a land or construction loan, there are several other types of loans and financing options available.
USDA Loans
If you’re looking to own land and build a home in a rural area, you may be eligible for a USDA loan. The U.S. Department of Agriculture offers loans that may assist low and moderate income families in finding a new home. USDA Section 523 loans are for wanting to purchase land to develop, and Section 524 loans are for financing new constructions by contractors.
While it isn’t easy to qualify for a USDA loan, the benefit is they require no down payment and the interest rates are low. USDA loans must be settled within two years, however, so there are no long term options.
FHA Loans
Another government-funded product, FHA loans are tailored towards those wanting to buy land and quickly build a home. The Federal Housing Administration insures these loans, protecting FHA-approved lenders from risk.
FHA loans are not available for land purchase alone, but for those intending to build a home on as well as land. FHA loans are sometimes granted in conjunction with construction loans, too. If you’re eligible for one of these loans, you’ll likely have a lower minimum down payment, but potentially higher interest rates.
Home Equity Loans
Home equity loans may be an appealing alternative to land loans for some homeowners. If you already own a property and have good credit standing, this kind of loan might be a good fit. A home equity loan acts as a second mortgage, and will essentially convert your equity into collateral for a new loan to fund your purchase.
Cash-Out Refinancing
Cash-out refinancing involves homeowners refinancing their homes to increase equity. This type of refinancing is essentially paying off your current mortgage to secure another mortgage, but with a lower interest rate and easier monthly payments.
Once the remortgaging is made official, your bank or financial institution will issue you a check based on the equity in your property. You can then use this payment to fund your land purchase.
SBA Loans
The Small Business Administration (SBA) offers loans to small business owners from the 504 loan program.
These loans are best suited to the purchase of real estate for business reasons, so they are not ideal for regular homeowners. However, if you’re looking for land to purchase to grow your business, you might want to consider an SBA loan.
Generally, the Small Business Administration will cover 40% of the purchase value, with 10% from the borrower and another lender of choice providing the other half of the loan. The terms and rates on SBA loans vary depending on the lender you choose to fund 50% of the land purchase.
Seller Financing
If you’re lucky, you may be able to obtain financing directly from the landowner you want to buy from. Also known as land contracts, these types of loans involve the buyer essentially taking out a loan directly from the seller, often with a substantial down payment.
Seller financing also tends to come with less than competitive interest rates. For those who struggle to qualify for a traditional mortgage or financing, seller financing can often be a great, but more costly, alternative.
Frequently Asked Questions
What is the best loan for buying land?
The best loan option for buying land depends on your circumstances. While improved land loans may seem ideal, the reality is there are multiple loan options to choose from.
Your credit score, debt-to-income ratio, and the condition of the land you wish to purchase are all factors that can influence which type of financing will suit you best.
Is it difficult to get a loan for land?
It’s true that obtaining loan financing for the purchase of land isn’t as easy as getting a regular personal loan. However, there are lenders out there with experience financing land purchases. As with any loan, the bottom line will be your credit score, as well as the size of your down payment. The nature of the land in question is also a primary factor.
If you can’t qualify for traditional financing options, there are alternatives such as USDA loans, FHA loans and more to consider.