My father was an entrepreneur. He was always starting businesses. He was always selling things.
When I was very young he operated Steve’s Lawnmowing Service. He also sold World’s Finest Chocolate. He carried boxes of chocolate bars with him to church, and sold them after Sunday School. I remember standing on the church lawn, waiting while Dad joked and told stories and sold candy.
He tried lots of other things, too: he was a flight instructor, he sold Shaklee, he raised nursery stock. He read personal finance books. (The Richest Man in Babylon was one of his favorites.)
Dad’s first real entrepreneurial success came with Harvest Mills, which he started in the mid-seventies. He built a wheat grinder from scratch. He liked it so much that he decided to sell them. He developed a system for manufacturing them in a production line. Then, further capitalizing on the health-food craze, he developed the Little Harvey food dryer. These sold well, and soon he had purchased one of the first plots of land in a new industrial park. Harvest Mills was a success.
Dad sold the business in the late-seventies for a large sum of money. For reasons that are no longer clear to me, he never saw full payment for the business. (My memory is this: he sold Harvest Mills for $300,000 payable in ten yearly installments, but the buyer went bankrupt and somehow only one payment was made. Dad, who always had poor personal finance skills, squandered what money he had been paid on airplanes and sailboats, his expensive toys.)
The next six or seven years were tense. The economic outlook in the early eighties was poor. Dad moved from one sales position to another: selling staples, selling industrial supplies, selling boxes. He started other businesses: an accounting service (with software that he wrote in Microsoft Basic on an Apple II), a nursery (again), a wood stove manufacturer. These all failed.
On his fortieth birthday — 31 July 1985 — Dad left his job as a box salesman and founded what would become his greatest success: Custom Box Service. He worked night and day to create a business that could exploit a marketplace niche. He sold the boxes. He designed the boxes. He made the boxes. He delivered the boxes. He did the accounting. He lived and breathed boxes for a decade. One-by-one his three boys came to work for him.
Dad died ten days before the business’s tenth anniversary, ten days before he would have turned fifty years old. Cancer ate his body, consumed his will. He left behind an unconventional inheritance: no money to speak of, but a growing, thriving business.
For the past eleven years, his children (and a nephew) have kept this business running. It now sells well over a million dollars a year. But none of us are entrepreneurs. We don’t have that spark. Sometimes I sense a glimmer of it inside myself, but in order to prosper as an entrepreneur, you need chase a dream that you believe in one-hundred percent. Boxes are not my dream.
When I was a boy, Dad tried to foster my entrepreneurial spirit. He encouraged me to sell seeds from a magazine, but I was too shy to knock on doors. I also failed at selling greeting cards. He tried to teach me to peel chittum bark that could be sold to god-knows-where for use as a natural laxative. (He had done this himself to earn money as a boy.)
Sometimes, if I were personally vested in the enterprise, I relished buying and selling things. In fourth grade, in order to generate money for new comic books, I took my old comics to school and sold them. I took my Star Wars trading cards and repackaged the doubles, selling each thick bundle for twenty-five cents each. I sold my old Hardy Boys books to buy new ones.
Now, for the first time in twenty years, I’m beginning to feel a bit of the entrepreneurial spirit. I have an idea, a plan, a vision.
I am now ready to become an entrepreneur, too.
Thanks, Dad.
Stephen E. Roth 31 July 1945 – 21 July 1995
This is how I like to remember Dad: busting a gut over something.
Northwestern Mutual, Special Spaces Recognize 10-Year Anniversary of Company’s Childhood Cancer Program with 10 Dream Bedroom Makeovers HGTV star Mina Starsiak Hawk collaborates on latest bedroom reveal for a child in her hometown MILWAUKEE, Nov. 17, 2022 /PRNewswire/ — In recognition of its Childhood Cancer Program’s 10-year anniversary, Northwestern Mutual, through its Foundation, collaborated with Special … [Read more…]
Cue up your favorite girlboss anthem, because the high-powered female brokers at the Oppenheim Group are back!
And along with them come more million-dollar deals, some fresh new faces, and all the drama you’d expect from the Netflix series best described as ‘Real Housewives meets Million Dollar Listing.‘
Spicing things up this season are two new additions to the Selling Sunset cast, joining familiar faces like Chrishell Stause, Mary Fitzgerald, Emma Hernan, Heather Rae El Moussa, Amanza Smith, and Chelsea Lazkani.
O Group veteran Nicole Young steps into the limelight (after she’d only made brief appearances in past seasons, including a memorable one in Season 2 when she officiated Mary and Romain’s wedding), alongside model-turned-real estate agent Bre Tiesi.
For those of you keeping up with celebrity news, Bre might already be a familiar face, as the ambitious real estate agent was holding headlines last year after having a baby with Nick Cannon.
We also get to meet Jason Oppenheim’s new girlfriend, Marie-Lou Nurk, and Chrishell Stause’s partner (later turned wife), G Flip. But despite the show’s new additions, what we’re most excited to see more jaw-dropping mansions and multi-million-dollar homes — and there’s no shortage of those in the new season.
So we took it upon ourselves to track down all the spectacular houses in Selling Sunset Season 6, and give you a breakdown of their impressive features, endless lists of amenities, and upscale features.
The spectacular houses in ‘Selling Sunset’, Season 6
Selling Sunset doesn’t disappoint when it comes to real estate eye candy. From sprawling penthouses to massive mansions, Season 6 brought us plenty of million-dollar homes to daydream about — and even had us revisit some past favorites, like Chrishell Stause’s beautiful home in Hollywood Hills.
And since luxury real estate is our obsession, we couldn’t help ourselves and tracked down all the Selling Sunset houses that graced our screens in Season 6 of the hit Netflix show.
With the exception of Chelsea’s Santa Monica listing, which we couldn’t find as there weren’t many details available (or maybe Chelsea didn’t land the listing?), and Nicole’s West Hollywood listing, here’s a quick update on all of the houses featured this season, along with property photos and videos that allow you to take a closer look at these phenomenal estates.
Bonus: before we go into the houses that made their way on-screen, we’d like to take a second to applaud the Netflix production crew’s choice when picking the shooting location for promotional images.
The posters for Selling Sunset‘s sixth season were shot at the iconic Sheats-Goldstein Residence, an architectural marvel and Hollywood landmark designed by lauded architect John Lautner.
Saint Ives Place, West Hollywood – Harry Styles’ former house
An impressive property with celebrity pedigree, this West Hollywood manse was the perfect location to kick off Season 6 of Selling Sunset.
Previously owned by As It Was hitmaker Harry Styles (who bought and sold quite a few Los Angeles-area mansions over the years, including one that later became Lizzo’s house), Emma’s listing has a phenomenal location and all the luxury amenities you’d expect from a former celebrity pad.
With 4 bedrooms, 6 baths, and 4,401 square feet of living space, the Netflix-features Saint Ives Pl. is ideally located behind private gates right above the Sunset Strip — which means it offers beautiful panoramic views that extend from Downtown L.A. to the ocean.
At the time Selling Sunset filmed its Season 6 episodes, the property was listed for $7,995,000. Not to spoil anything for Netflix fans (as Harry Styles’ former house may make a comeback in the next season), but the property is still on the market, with a slightly reduced price.
We’ve also learned that the property is available as a rental asking a whopping $1,500 PER DAY.
Lloydcrest Drive in Beverly Hills, Emma’s $18,995,000 listing
We’re suckers for striking modern mansions, and the Lloycrest Dr house on Selling Sunset is right up our alley.
The 5-bed, 9-bath house, which comes with a coveted address (it’s set in the prestigious Crest Streets in Beverly Hills), was listed for just under $19 million.
Hardworking Emma had already secured a buyer for the modern Beverly Hills spread, but the sale fell through as the buyers were not happy with how much they’d have to pay for fire insurance, which ran high even for a property this size (the show mentions that the cheapest fire insurance for the house would be 200,000/year – yowza!)
(Spoilers ahead) Fast-forward to now, Lloydcrest Drive is still on the market, though at a significantly lower price point. The property — which offers 10,359 of living space, a massive 2,000 sq. ft. primary suite with a private glam room and hair salon, a gourmet kitchen, and a 20-person home theater with a bar, among others — is currently listed for $12,995,000.
Jason Oppenheim’s two $7.5M penthouses on Hollywood Boulevard
After his Season 5 breakup with Chrishell, O Group co-founder Jason Oppenheim threw himself into work — specifically, converting four condo units on Hollywood Blvd. into two spectacular penthouses with massive rooftop decks and the finest luxury finishes.
As mentioned on the show, Jason sunk nearly $10 million of his own personal money into the project, and he’s looking to cash out by listing each of them for a whopping $7.5 million.
(Spoiler) The two penthouses are still on the market following Selling Sunset‘s Season 6 premiere, though the smaller of the two — both units have 3 beds and 4 baths, but one is slightly larger at 3,820 square feet versus 3,580 sq. ft. — has seen its price drop by $500,000. It’s now listed for $6,995,000 (and as a rental for $49,900/mo), while the larger unit retains the original $7,495,000 asking price and a $49,900/mo rent price.
Micah’s Hillside Ave house
Micah, the developer behind the impressive Lloydcrest Drive property we mentioned earlier, was also selling his original home — and had enlisted Emma to be his agent for this one too.
Set on the same prime Hollywood Hills street as the unforgettable $40 million Hillside house from Season 1 and 2, the 5-bedroom, 5-bath home comes with 4,840 square feet of luxurious living space, an open floor plan with floor-to-ceiling sliding glass doors, and a King Kong statue(?) guarding the pool area.
Remember when Emma said how flattered she was that Micah was entrusting her with the sale of this home? Well, turns out he was right to do so (Warning, spoilers ahead): The Hillside Ave house from season 6 of Selling Sunset sold for more than the asking price.
Listed for $5,495,000 in August 2022, the 5-bedroom spread sold for $5,726,000 a few months later, in November 2022 per public records. Way to go, Emma!
N Stanley Ave, the black house on Billionaire’s Row
For this one, we didn’t have to do much research, as we extensively covered this beauty when it came to market last year.
Definitely one of the most impressive houses featured on Season 6 of Selling Sunset, the newly-built N Stanley property that Heather and Bre visit together is nestled in the hills above Sunset Strip, in the coveted ‘Billionaire’s Row’.
Priced at a cool $24.995 million, the plush property offers all the bells and whistles you’d expect from an ultra-luxurious L.A. listing. And a few extras that probably wouldn’t have crossed your mind.
Offering panoramic views of DTLA, the Pacific Ocean, and the canyon, the spec house offers 6 beds, 9 baths, and nearly 10,365 square feet of living space. It also has a custom home theater, fitness center, wine cellar, second living room, and all the finest custom finishes.
The sophisticated smart home also features museum-quality crystals sourced from around the world and placed with extraordinary care throughout the home to energetically enhance the luxury residence. Take a closer look at this stunning Hollywood Hills mansion.
Now, while on the show we see Bre and Heather touring the property (and later, Bre showing the house to her client, Adam), the black N Stanley house from Selling Sunset‘s season 6 was never listed with the Oppenheim Group.
The listing agents for the property are Camellia Yeroomian of The Agency (the other luxury brokerage that has its own Netflix series, Buying Beverly Hills) and Monty Abramov of The Beverly Hills Estates. Which means it isn’t a spoiler if we reveal that the fabulous mansion is still on the market, boasting a slightly altered listing price of $22 million.
300 The Strand, Chelsea’s $22M listing in Manhattan Beach
Set on a corner lot facing one of California’s best beaches, 300 The Strand is a rare oceanfront listing with all the bells and whistles its high price point commands.
With 4 bedrooms, 9 baths, and 4,440 square feet of modern coastal living space — plus a Strand-front patio, and a sports court with basketball hoop and a private, heated entertainment terrace with in-ground spa, fire pit and BBQ — Chelsea’s 300 The Strand listing is definitely one of the most impressive properties featured in Season 6 of Selling Sunset.
Related: Manhattan Beach’s priciest listing is a $36M modern mansion with luxury resort vibes
A few months after the season filmed, the oceanfront home in Manhattan Beach is still on the market, looking for either a buyer (it’s still listed on the O Group’s website for $21,999,000, though it’s worth noting that other industry websites no longer have it listed for sale) or a renter (it also appears as a $55,000/mo rental on popular real estate websites like Zillow or Realtor.com).
The Woodvale Road property in Encino
Heading over to Encino, new O Group agent Bre Tiesi is hoping to land a phenomenal listing set on Woodvale Road.
The newly built, 8-bedroom, 14-bath property is the pinnacle of luxury, offering over 21,000 square feet of meticulously crafted and designer done living space.
With stand-out features like a chef’s prep kitchen, home theater, professional gym, full spa, hair salon, elevator, temperature-controlled wine storage, 14-car garage that doubles as an event space, outdoor basketball court, and fabulous detached two-story guesthouse, the Woodvale Road property was priced at $25 million, and Bre was eyeing the ultra-generous $750,000 commission she would make from the sale.
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(Spoiler ahead) However, a little bit of research shows that Bre did not in fact land the Encino listing. Public records for the property show that it did find a buyer though — even if the O Group was likely not involved in the transaction.
The Encino mansion ended up selling in February 2023 for a cool $17,500,000, a price point that made it one of the biggest transactions in the family-friendly Encino neighborhood.
The Benedict Canyon house Mary was eyeing for one of her clients
For one of her clients — a couple from the UK who works in events and needs plenty of space and a large backyard — Mary was touring a stunning Beverly Hills property aptly dubbed Jardin de los Suenos (the House of Magical Gardens).
The newly designed Benedict Canyon house on Selling Sunset comes with 6 bedrooms, 7 full baths and one half-bath, and a generous 7,000 square feet of living space.
With extra tall ceilings (14-foot ones for the common spaces, and a 23-foot ceiling in the formal entry foyer) paired with equally tall windows and sliding glass doors, the property perfectly embodies the indoor-outdoor Cali living.
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2231 Benedict Canyon Dr Beverly Hills from Barcelo Photography Inc. on Vimeo.
Also featuring a total of 5 fireplaces, a 200-bottle temperature-controlled all-glass wine storage room, and a media/screening room, plus a one-bedroom guest house, it’s no surprise that the property didn’t linger on the market for too long.
(Spoiler alert) Listed for $8,999,995 in late July of last year, the property was sold a couple of months later for almost full ask: $8,956,000. Unfortunately, it doesn’t seem like Mary’s clients were the lucky buyers. Public records show that a different brokerage was attached to the sale.
The Oak View Drive house in Encino that Chrishell visits
On Episode 5, S06 of Selling Sunset, we join Chrishell for a property visit that brings us back to Encino to tour a 7-bedroom, 9-bathroom house on Oak View Drive.
Boasting the “best views in Encino”, the 7,003-square-foot home had been completely re-imagined by the developers, who invested about $1 million in property upgrades before listing it themselves.
Featuring beautiful cedar and oak detailing, a perfectly-appointed kitchen, a 1,000-square-foot primary bedroom with a large bathroom, and an infinity pool (plus a quirky neon sign that says “I Licked It So It’s Mine”) the Oak View Drive house also got Amanza and Heather’s seal of approval.
What happened to it since that episode was filmed? (Potential spoilers ahead) While Chrishell mentions that she does have a client that’s looking for something in this price range (especially if the developers/listing agents are willing to adjust the price, if needed), it seems that the property may have not been a good fit after all.
Listed for $7,895,000 million at the time of filming, the Encino house is still on the market — but has recently been re-listed at a revised price of $6.5 million. Take a closer look (swipe for more pics):
The sleek $33M Londonderry Place mansion Bre tours with her client
Bre means business! Her drive to sell eight-figure properties leads to her showing a striking $33 million mansion to one of her clients, Telli Swift, the fiancée of championship boxer Deontay Wilder.
One of the most bonkers mansions we’ve seen this season, the Londonderry house blends black and gold finishes throughout its 14,000 square feet of living space.
With 6 bedrooms, 8 baths, and soaring 30-foot ceilings, this sleek Selling Sunset mansion has an endless list of amenities, including a spa wellness retreat with a cryo chamber, hot yoga and salon, and a two-level glass-bottomed pool.
The striking property was also featured on Architectural Digest a few years back, with its unique amenities and aesthetic appeal attracting over 4.5 million views on YouTube.
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(Spoilers) At the time of writing, shortly after Season 6 of Selling Sunset aired, the Londonderry house is no longer on the market, per public records. However, since no sale was recorded in the meantime, it could very well be that the property is still up for grabs but held as a pocket listing by one of L.A.’s top luxury brokerages.
Poo Bear’s house at Zorada Court
Once again courting her many famous friends, we see Bre touring music producer Poo Bear’s house in Los Angeles, a 5-bedroom, 5.5-bath modern retreat overlooking Nichols Canyon.
Poo Bear and his wife, Ashley, are looking to list the property as they’re moving to Miami and Bre is hoping to get the listing, which could potentially earn her a $297,000 commission.
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Beyond the property’s many attributes, Poo Bear’s house is also where music history has been made. The music producer/songwriter has collaborated with some of the biggest names in the music industry, including Justin Bieber, Chris Brown, Usher, Skrillex, and J Balvin, with many of their famous songs being written in this house.
In fact, the white piano (that comes with the house) is where Justin Bieber’s Yummy was created, Poo Bear shares.
Related: Where does Justin Bieber live? His many houses — both past and present
As for what happened to the property after its Selling Sunset appearance (warning, spoilers ahead): after first being listed in November 2022 for $8,900,000, Zorada Ct’s price was dropped to $7,995,000 in early February 2023, only to sell less than two months later for $6,850,000. No O Group agent was involved in the transaction, neither on behalf of the seller nor of the buyer.
Chelsea’s listing at 15th Street in Manhattan Beach
Taking us back to dreamy Manhattan Beach, Chelsea walks us through her 3-bed, 4-bath listing with easy beach access.
While the first offer Chelsea got for the property was fairly low ($3.6 million), she knew she priced the house right and wasn’t going to budge until she got the offer up for her client.
And she stayed true to her words, selling the 3-story for $3,900,000 — just $50k shy of the initial asking price of $3,950,000. Way to go, Chelsea!
The Beverly Boulevard condo Heather tours for Heather and Terry Dubrow
Leading the home search for Real Housewives of Orange County star Heather Dubrow and her husband, plastic surgeon and Botched co-host, Terry Dubrow, Heather tours a $17,500,000 condo at 8899 Beverly Boulevard, hoping she will land her biggest sale to date.
Accompanied by Brett, Heather walks us through the 4-bed, 4.5-bath condo with jaw-dropping views and resort-level amenities.
However, we learn later on that Terry and Heather Dubrow didn’t purchase the place, but they did ‘settle’ on an equally expensive penthouse set in the coveted Century building known as the Cavalli Penthouse (due to its many upscale furnishings that bear the signature of Roberto Cavalli).
Heather wasn’t the only one to land a killer commission though. (Potential spoiler) The $17.5 million penthouse from Selling Sunset was sold a few months later (at full ask), with none other than Brett Oppenheim repping the buyer.
Elvis’ honeymoon house
Okay, so this isn’t an O Group listing, we know. But how can we write an article about all the phenomenal luxury listings featured in this season of Selling Sunset without at least mentioning Elvis and Priscilla’s honeymoon house?
An iconic Palms Springs property, the futuristic residence was actually built in 1960 by pioneering Modernist architect William Krisel.
At the time, its spaceship-like design earned it the moniker “The House of Tomorrow”, but that didn’t last long, as Priscilla and Elvis Presley famously celebrated their honeymoon here in 1967 — after which it became widely known as “Elvis’ Honeymoon Hideaway”.
Related: Graceland, Elvis Presley’s house in Memphis – everything you’ve ever wanted to know
Last year, the property had a brief stint on the market, listing in early October 2022 for $5,650,000. Unsurprisingly, a month later, the King’s honeymoon house was already sold at full ask.
The Brentwood house Bre shows Saweetie
Heading over to celebrity-friendly, suburban Brentwood, Bre takes us — and her friend, rapper Saweetie — on a tour of a 7,401-square-foot beauty priced at a cool $8,800,000.
The 5-bedroom, 7-bath home at 19th Helena Drive sits on a quiet cul-de-sac and boasts beautiful architectural details. With an expansive open floorplan on the main floor, inviting (and ultra-private) bedrooms shielded by the lush landscaping, and a lower level designed for entertainment — featuring a plush theater and deluxe wet bar, opening directly to the impressive pool with spa, green lawns, barbecue area, and built-in firepit — the house does seem to be a perfect fit for Saweetie.
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(Potential spoilers) However, despite Bre’s excellent match-making, it wasn’t a done deal. Public records show that the property did indeed sell, but the sale closed in late March 2023 and doesn’t show Bre or any other Oppenheim Group agents associated with the transaction.
The selling price was $7,000,000, considerably lower than the $8.8 million ask mentioned on the show. Fun fact: the property was actually first listed for a whopping $12,949,000.
The house Heather and Bre visit on Sunset Plaza Dr
The last property of this season takes us to Sunset Plaza Dr, where a new-to-market 3-bed, 4-bath listing needs to be assessed by Bre and Heather, to see if it’s a good fit for their clients.
Listed for $4,995,000, the 3,364-square-foot bachelor pad has a massive primary bedroom suite that gets several “Oh my gosh” out of Heather, which isn’t an easy feat given the type of properties she’s used to.
This sleek contemporary home located above the Sunset Strip showcases jetliner panoramic views from Downtown to the ocean. It then comes as little surprise that the home also has multiple outdoor decks and a rooftop deck to capitalize on those extraordinary views, as well as an infinity edge pool with a private Baja deck and swim-up bar.
As for what happened to it (Potential spoilers), the Sunset Plaza Dr property sold in April 2023 for $3,150,000. While it may not have been a good fit for any of Heather or Bre’s clients, the O Group did get a significant commission out of the sale, as Jason Oppenheim was the listing agent for the property.
Admittedly, while watching the show, I felt like there were fewer properties and considerably more drama than in previous seasons. However, after writing about each Selling Sunset house that graced our screens in Season 6 of the hit Netflix docu-soap, I realize there were quite a few show-stopping mansions for us to daydream about. Hope we’re going to get to see some of them return in Season 7.
Editor’s note: While we did our best to identify all the properties featured on Selling Sunset, there’s always a possibility that we’ve missed something. If you spot anything that’s off, or you have an inside tip on one of the properties, drop us a line anytime at hello (at) fancypantshomes.com
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If you’re shopping for an online bank with a variety of products, no monthly service fees, and interest earning checking accounts, Quontic Bank delivers. Our Quontic review evaluates the variety of checking and savings accounts.
Plus, we will explore the bank’s history, from a brick-and-mortar bank with New York City branch offices to an online only bank serving consumers in all 50 states. Which Quontic products are right for you?
Quontic Bank Overview
Quontic originated in 2009 as a local bank in New York City, with a mission to serve underbanked and unbanked populations. In 2015, the U.S. Treasury deemed Quontic a Community Development Financial Institution, an honor held by only 3% of all U.S. banks.
As the only all-digital CDFI bank in the U.S., Quontic provides a variety of mortgage products to members in under-served communities across the country.
Quontic differs from many other fintechs or neobanks in several ways.
Originated as a community bank
Dedicated to serving under- and unbanked groups as a CDFI member
Offers a Bitcoin rewards account
Has a virtual location in the metaverse
Provides a wearable payment device for digital transactions
If these features pique your attention, continue reading our Quontic Review for all the details. Quontic also receives high marks from across the Web. It was placed on the Forbes Advisor list of Best Online Banks for 2023, and earned a rating of 4.5 stars or higher from top personal finance websites.
Get started with Quontic
on Quontic’s secure website
Quontic Locations and Rewards
Quontic no longer has real-world branch locations. However, it’s one of few banks with a virtual branch in the Decentraland outpost of the metaverse. Users can access the virtual branch without a VR headset, interact with Quontic employees, earn NFTs, explore products, and more – all as an exclusive, custom avatar.
In addition to its virtual presence, Quontic is accessible online or through the mobile app. It no longer has a New York City branch.
Quontic offers its customers rewards on its checking account and Bitcoin rewards checking account. The online bank also offers a high interest checking account of up to 1.1% APY and high interest savings products, as well.
Quontic Bank Savings Overview
Quontic offers three different savings products:
High yield savings
Money market account
Certificates of Deposit
Interest rates are higher than the national average for all savings products, with no monthly fees. All accounts are FDIC insured up to $250,000 per account holder, per account ownership category.
Which of the savings accounts are best for you? Let’s compare.
Quontic Bank Savings Account Review
The Quontic High Yield Savings account currently offers 4.25% APY on all balance tiers. Interest is compounded daily, so your money can grow faster.
You’ll pay no monthly maintenance fees and no overdraft fees should your savings account go into the negative. However, if you make more than 6 transactions per month, you’ll pay a $10 excess transaction fee for each transfer, check, draft, debit, or similar transaction.
The high yield savings account requires a $100 minimum deposit to open the account. You can fund the account from an existing Quontic account, or via ACH from another bank.
Earnings from a Quontic High Yield Savings vs. a Traditional Savings Accounts
A Quontic savings account offers a hefty 4.25% annual percentage yield to customers right now. The average U.S. savings account right now offers just 0.39%. This national average includes rates from high yield savings accounts like Quontic. Traditional banks typically offer much lower interest rates.
For instance, right now, Chase Bank offers just 0.01% APY, with interest compounded monthly. Interest earned on your Quontic account is compounded daily, which means your money can grow even faster.
APY vs. APR
It’s easy to see that 4.25% is a much larger number than 0.01%. But when there’s less of a gap in the interest rate, you’ll want to compare the APY (Annual Percentage Yield) instead of the APR (Annual Percentage Rate).
Two banks with the same APR will have a different Annual Percentage Yield if one compounds interest daily and the other compounds interest monthly.
Quontic Bank CD Accounts
Quontic Bank offers certificates of deposit in a variety of terms, with yields as high as 4.75% APY. As with other Quontic deposit accounts, money held in CDs is FDIC insured.
CD account rates and terms are as follows:
6 months: 3.75% APY
24 months: 4.4% APY
3 years or 5 years: 4.3% APY
CDs require a minimum deposit of $500 to open, which is half of what many other online banks with similar CD interest rates require. Quontic indicates that withdrawals before the CD matures may be subject to penalties.
Compare CD Rates
Let’s compare CD rates between Quontic and other top-rated online banks with certificates of deposit for similar terms.
Capital One 360, the online and mobile banking option from Capital One, offers CDs with terms ranging from 6 months to 60 months, or five years. The 60-month CD has an APY of 4.1%, putting it slightly behind Quontic’s offerings. However, the two banks have comparable 36-month CDs, both with APYs of 4.3%.
CIT Bank, a renowned online bank, caters to a wide range of customers with competitive savings products and a focus on long-term financial growth.
CIT Bank requires a minimum deposit of only $1,000 for CDs, comparable to Quontic. It offers terms from 6 months to 5 years. However, the APY is notably higher than Quontic’s, reaching up to 5.00% for select terms.
Quontic Money Market Account
If you want high interest rates combined with the flexibility to withdraw your money without fees or penalties, consider a Quontic Bank money market account.
This account compares favorably to other money market accounts when it comes to interest rates, offering a higher APY than top-ranked TIAA, Ally Bank, and Discover Bank, all rated as the best money market accounts by Crediful. The Quontic money market account also has a low minimum deposit of just $100. Once you’ve opened the account, there’s no minimum balance requirement.
This account delivers competitive rates with an APY of 4.75%, with no monthly maintenance fees.
The drawback? You are only allowed six transfers or withdrawals per statement cycle. This may feel limiting, but it can help you remain disciplined in your saving and also save you money on excess transaction fees you might experience with a regular Quontic high yield savings account.
Compare Savings Accounts
If you’re looking to earn the highest interest rate at Quontic, have at least $500 to invest, and don’t mind keeping your money tied up for six months or more, consider parking your cash in a Quontic CD.
Otherwise, you can choose between a high APY of 4.25% with a high yield savings account, or 4.75% with a money market account. If you feel you can be disciplined enough to avoid excess transaction fees, a high yield savings account is the clear winner for competitive rates.
Both the money market account and savings account have no monthly fees and a $100 minimum deposit. Both accounts also come with a Quontic debit card that you can use for purchases online and in stores, or to withdraw money at any of 90,000+ surcharge free ATMs across the U.S.
Quontic Bank Checking Accounts Overview
As a digital bank that focuses on underserved communities, Quontic Bank offers checking accounts that require no credit check to open, no monthly fees, and a low minimum opening deposit. If you’re looking for high interest checking accounts or rewards checking accounts, Quontic Bank has three checking accounts to choose from.
High interest checking account
Bitcoin Rewards checking account
Cash Rewards checking account
Which option is best for you? It depends on how often you plan to use your Quontic debit card for purchases and the types of rewards you prefer. We lay out all the details below.
Quontic Bank Cash Rewards Checking Account
Not many banks offer cash rewards checking accounts, especially with no monthly fee. Quontic’s Cash Rewards checking delivers 1% cash back on all qualifying debit card transactions, which include point-of-sale purchases in stores and online.
Earn 1% cash back on all qualifying debit card transactions, paid at the start of your statement cycle. You’ll need just $100 for minimum deposit to open a cash back account.
Quontic Bank High Interest Checking Account
Quontic checking account customers might prefer high interest checking in lieu of cash back rewards. If that sounds like you, look into opening a high interest checking account with no monthly service fee, no overdraft fees, and no insufficient funds fees, either.
You’ll need to make at least 10 qualifying debit card purchases of at least $10 per statement cycle to cash in on the 1.1% Annual Percentage Yield.
While there is no minimum balance requirement, you’ll need at least $100 to open your account.
Quontic Bank Bitcoin Rewards Checking Account
No other banks offer a rewards checking account that pays you back in Bitcoin. For those looking to invest in crypto, the Bitcoin rewards checking account is a solid choice. It pays 1.5% back in Bitcoin on all eligible debit card purchases.
Quontic Bank lists eligible debit card purchases as:
Point-of-sale transactions in stores
Online purchases
Several types of transactions do not qualify. These include:
ATM withdrawals
Online bill payments
ACH payments
Wire transfers
Transfers from one account to another
You can sell the Bitcoin you’ve accrued at any time for a 2% fee. Cash will be transferred to your Bitcoin checking account. Like other Quontic Bank checking accounts, your Bitcoin Rewards account has no monthly fees, no overdraft fees, and no fees for insufficient funds notices.
Get started with Quontic
on Quontic’s secure website
Compare Checking Accounts
All three Quontic bank accounts come with a debit card and a Quontic Pay Ring, an innovative way to make contactless payments at the point-of-sale. Your debit card gives you free access to more than 90,000 ATMs across the U.S.
You can set up direct deposit to any of your Quontic bank accounts. But the bank doesn’t seem to offer any capabilities to get paid up to two days early, a feature offered by many other top online banks.
However, if you’re looking for bank accounts with competitive rates, robust online banking capabilities, and no monthly service fees, any of these three accounts can work for you. Keep in mind that the Bitcoin account is not available in Hawaii or North Carolina.
More Banking Products from Quontic
In addition to a wide array of checking and savings products with competitive rates, Quontic Bank offers a variety of mortgages. Quontic loan offices specialize in helping those typically under-served in the mortgage industry, including self-employed home buyers, non-US citizens, first-time buyers, and real estate investors.
Quontic Customer Service
Quontic Bank offers customers three easy ways to get in touch with a customer service representative. There is an integrated chat box in the app and on the website. You can enter your phone number and receive a call from a Quontic representative. Or you can speak with someone directly through your computer.
Bank Experience
Those looking for an exclusively online banking experience won’t be disappointed in Quontic. The website and app are both robust and easy to use. You can open an account online in under three minutes.
The app is available in the Google Play store or Apple’s App store. Quontic’s mobile banking experience gives you a few added capabilities over the desktop experience, enabling you to turn your debit card on or off for security, remote check deposit, and connections to a digital wallet.
How to Open a Quontic Account
You can open a Quontic account online or in the app. Visit the Quontic.com home page and click “Open an account.” You’ll be prompted to choose what kind of bank account you’d like.
You’ll need to fund your account through an ACH transfer from an external account or from an existing Quontic account. Take note of the minimum deposits required for the various account types.
None of the Quontic accounts have a monthly service fee, which can save you money compared to traditional banks.
How to Withdraw Money from an Account with Quontic
You can withdraw money from Quontic checking, savings, and Quontic bank money market accounts with no fees using your debit card at any one of the 90,000+ ATMs in Quontic’s network. That includes ATMs at Citi branch locations. You can also request cash back during debit card purchases at stores that allow it.
Finally, you can use Zelle to send money to another checking or savings account, or you can initiate an external transfer to another bank.
Get started with Quontic
on Quontic’s secure website
FAQs
See what people are asking after reading our Quontic bank review.
Is Quontic Bank FDIC insured?
Yes, Quontic Bank is FDIC insured, protecting account holders for up to $250,000 per account holder for each category of deposit accounts.
Does Quontic Bank have any branches?
As a digital bank only, Quontic no longer has local branches. However, its banking services are available in all 50 states and easily accessible online or through the mobile app.
What do I need to open an account at Quontic Bank?
To open an account at Quontic bank, you’ll need your name, address, email, social security number, and an external bank account or existing Quontic account to fund your new account.
Need an easy way to exercise at home, and have a little extra space? Get a treadmill.
Finding time to work out can be challenging. This is especially true if you don’t have an on-site fitness center, or don’t like working out in front of other people. Some will develop their own exercise routine they can do at home, but that’s not always rigorous enough. So, if you have the room in your apartment, consider buying a treadmill.
Treadmills are a great workout tool. They can help you burn fat, lose weight and get the cardio in you need to maintain heart health. Using one 3-4 times per week, for 30 minutes, can make an impact on your health.
Whether you’ve got a spare room to devote to working out, or can only spare a small corner of your bedroom, you can work out at home. Check out the best treadmills for apartments to start and consider adding one to your own rental.
When you’ve got limited space
Source: Amazon.com
Let’s start with the most common problem of bringing a treadmill into your apartment — space. If you don’t have enough of it but want an easier way to get exercise, consider a treadmill slim enough to live under existing furniture, or even upright behind a bookshelf.
The CITYSPORTS Treadmill is ultra thin and easy to store. It has a silent belt, so you won’t disturb others and a strong motor for a long life. Bluetooth speakers, integrated into the treadmill, let you connect to your devices for musical accompaniment. Take it out when you want to use it and store it out of sight when you’re done exercising, no extra space needed.
When you need to keep it quiet
If you’ve got a neighbor who jumps at the chance to file a noise complaint against you, don’t worry. Treadmills are getting quieter so you can use them in your apartment no matter who lives next door.
Known as one of the quietest treadmills out there, the NordicTrack Commercial X22i is a little pricey. But, it gives you so much more than just somewhere inside your apartment to run.
This incline treadmill has Quiet Drive incline tech and up to 40 percent incline control. It comes with a 22-inch touchscreen and streams workout-on-demand from around the world. It’s a complete package.
When you need extra cushioning
Not everyone who loves exercise gets excited about the idea of using a treadmill. If you suffer from muscle or joint pain, the cardio workout you get running in place isn’t worth the stiff joints and inflammation you feel after. However, finding a treadmill with a more cushioned track could make a world of difference.
The SOLE F63 is a great treadmill when you need more support for your ankles, knees and even hips. Inclining up to 15 levels, with six preset programs, the treadmill has the bonus feature of including certain controls within the armrests. You don’t have to reach for the screen.
When you need to do a pre-set workout
Source: Amazon.com
A treadmill with a few more bells and whistles may be necessary if you’re looking to take advantage of pre-existing exercise routines. Not having to think about how many minutes you run or walk, and what elevation and speed you’re going, can make your workout feel less tedious.
With 24 presets and two custom programs, the TRX2500 Performance Series Treadmill from XTERRA Fitness can really make a difference. Smooth and powerful, there’s an easy-to-read LCD screen that keeps you on top of your stats and your workout, while the existing programs can help keep you motivated. You can also use this treadmill in manual mode if you need to shorten your workout, or simply want to take a walk.
When you don’t want to deal with a motor
Motorization isn’t a part of all treadmills. A benefit of having one without a motor is you don’t need to set it up near an electrical outlet. These treadmills can go anywhere because they run on your movement, and while that means a little extra exertion on your part, it could also make your workout feel more rewarding.
The Assault Fitness AirRunner, for example, enables you to burn up to 30 percent more calories than a motorized treadmill. There’s zero electrical connection, and using it gives you a more natural feel, promoting an efficient stride. Lightweight and portable, without depending on electricity, you can move this treadmill out of the living room when friends come over and slide it right back in the next day when it’s time to exercise.
When you need some extra ‘smarts’
Features vary from treadmill to treadmill, but when you need something that’s a little smarter than average, look for features like an interactive touchscreen or integration with classes on demand.
A solid choice in this category is the NordicTrack Commercial 1750. Grab one with an iFit Membership and you’ll have a great machine that streams live and on-demand workouts from around the globe. The 10-inch HD touchscreen is easy to use, and the treadmill has a SMART-Response motor to make using the machine more effective. When you’re done using it, this treadmill folds up and locks into place for sleeker storage.
When you don’t want to overspend on a treadmill
Source: Dick’s Sporting Goods
A lot of treadmills out there can easily break the bank if money is tight. But, you don’t have to invest thousands to exercise in your apartment. Treadmills often go on sale but are also available in a wide range of price points.
The Horizon Fitness T101 Series Treadmill costs under $1,000. It integrates with Bluetooth, can go between 0-10 MPH and has five goal-oriented workout programs. The incline extends up to 10 percent and EasyDial controls, right on the hand grips, make speed and incline adjustments easy. You won’t even notice you’ve paid less for this treadmill once you start to use it, it’s so full of extras.
When you just want a treadmill to walk on
Most treadmills aren’t made specifically to walk on, but there are certain models that serve you better as a walker than a runner. Treadmills in this category run the gamut when it comes to price and features. If you want one that’s great for walking and for small spaces, check out the Echelon Stride Treadmill.
This basic treadmill is perfect for walking, and for an additional membership cost, you can access plenty of workouts to keep you motivated to stay on your feet. Even better, when the treadmill folds up, with its auto-fold feature, it’s only 10 inches tall. Auto-fold also makes it easy to store this treadmill out of the way when not in use.
When you want to work and walk at the same time
Any treadmill without armrests and a top display will fit under a desk if you want to work and walk at the same time, but there are also all-in-one treadmills out there. If you want the option to be on your feet and moving most of the day when you’re working from home, you can find a desk-and-treadmill combination.
Although a bit more expensive, this splurge will be worth it when you don’t have to think about stopping work to work out. The LifeSpan Fitness TR1200-Power Treadmill Desk has an adjusting desktop to get it to the perfect height while you walk. This combination workstation is small and compact, with a good-sized desk.
Walking while you work can help burn calories while you decrease stress and reduce the low back pain caused by sitting too long. It’s a win-win without an extra furniture footprint in your apartment.
The best treadmills for apartments
There are so many great treadmills out there when it comes to affordability, function and features. You’ll have no trouble finding one that fits into your apartment, no matter how much room you have to spare. Have fun shopping.
When you buy through links in this article, we may earn an affiliate commission.
Earlier this week, I wrote about the problem with trying to buy the perfect gift. Sticking with that gift theme, there’s a question that’s been on my mind: If you’re invited to an engagement party, a bridal shower, and a wedding ceremony all for the same couple, and you attend all three, do you give a gift at each event?
See, I’ve been invited to a few weddings this year. And it seems like the etiquette “experts” all agree that each event requires a separate gift, according to tradition. Here are some examples from around the web:
“If I bring a gift to the bridal shower, should I still bring a gift to the wedding?” a question Peggy Post, co-author of the 18th edition of Emily Post’s Etiquette is accustomed to answering. Her advice is, basically, that a shower gift is not a wedding gift. “I know some of these shower gifts are expensive, but be smart so you don’t have to break the bank.”
“I’m going to both the wedding shower and the wedding. Must I buy gifts for both?” “Unfortunately, yes. ‘That’s part of the obligation you agreed to when you RSVPed for both,’ says [Mark] Kingsdorf,” bridal consultant at The Queen of Hearts Wedding Consultants — Real Simple’s The Essential Guide to Buying Wedding Gifts.
“According to custom, the answer to whether to give gifts for engagements, showers and weddings is: maybe, yes and yes.” — How Stuff Works.
Hmm, exactly how is one supposed to “be smart” about expensive gifts? And calling gifts an obligation? It kinda puts a bad taste in my mouth, like it’s sucking the joy out of giving a gift in the first place.
Guests Say, “Forget the Experts!”
A lot of wedding guests disagree with the expert advice. For a few examples, I did a very scientific poll (of Yahoo! Answers responses). Here are a few that say that multiple gifts are not an obligation:
“Do not feel obligated [to give a wedding gift after giving a shower gift]. You did give them a gift already, so if you do want to gift them something, you can, but you don’t absolutely have to.”
“There’s no definitive ‘proper’ way to do this, other than the etiquette stipulation that the shower is a gift-giving event, and the wedding is not. (Obviously, most people do want to give wedding gifts, but that’s tradition, not a requirement).”
“Etiquette says NOTHING about purchasing multiple gifts for one wedding. You gave a gift, that’s all that you need to concern yourself with. No more gift giving is necessary.”
I always thought that you give a separate gift for the shower and the wedding. As for engagement parties and bachelorette parties, I have no idea. None of my friends and family members have had either of those.
But when I got married, all of our friends and family members gave one gift, even if they attended the shower and the wedding. (This was definitely fine by me — I’m rather shy and I actually would’ve been embarrassed if people bought me multiple gifts. My aunt basically had to force me to register for gifts in the first place.)
And then, to confuse things even more, Miss Manners has a take that’s somewhere in between one-gift-only and gifts galore:
“Engagement presents were a rarity until a decade or two ago. Perhaps a favorite aunt might be so moved, or a prospective mother-in-law might give the bride a family bauble to wear at the wedding. But no one showed up with a present at an engagement party, because the purpose of the party was for the parents to announce the engagement as a surprise. Multiple showers are warranted only when the bride or the couple has more than one distinct set of intimate friends. They should not be catch-all occasions, and nobody should be expected to attend more than one. Anyway, shower presents should be charming but trivial, and not comparable to wedding presents.”
No one agrees! And basically, I just want to do what everyone else is doing. I’m not looking to take some kind of gift-giving stance at my husband’s coworker’s wedding. I also don’t want to be the lone weirdo giving multiple gifts.
So I’m simply wondering, what does everyone else do? If you’re invited to multiple events and you want to attend and celebrate with the bride and/or couple, when do you bring a gift?
For the longest time, luxury homes were synonymous with opulence, deriving their worth from their lavish interiors, massive scale, and over-the-top features. But gone are the days when oversized crystal chandeliers were crowning living spaces and imposing staircases with intricate wrought-iron railings were the pinnacle of luxury.
Modern luxury is devoted to the creation of beauty and function, with livable, inviting spaces dethroning Gilded Age-worthy interiors and overt opulence.
In fact, the shared point of aesthetic reference for the modern luxury space is centered on minimalism, with spaces that cater to both the physical and mental wellbeing of its residents. And we’ve found the best example of that: a newly built contemporary masterpiece that recently came to market in the coveted Brentwood neighborhood of Los Angeles.
The $70 million home is a modern architectural feat that’s just as striking and spectacular as it is warm and inviting. Credit for that goes to the powerhouse team behind the project, which consists of award-winning architect Noah Walker, AD 100 interior designer, Jamie Bush, and renowned landscape designer, Christine London LTD, who all worked together to bring this tour de force to life.
A 19,000-square-foot architectural marvel
A long private driveway leads to the tiered property, where the expansive home immediately makes an impression with its contemporary yet warm appearance, clean lines and abundant natural materials.
Set on a sprawling four-acre lot, the house offers six bedrooms and 12 bathrooms alongside many recreation rooms — all spread across approx. 19,000 square feet of indoor space.
The Brentwood property has 270-degree views of the city, ocean and canyon, and a long list of amenities that include a theater room — with acoustical wall paneling and a commercial cinema-quality projection system — a gym with a steam room, a 75-foot indoor lap pool, outdoor architectural pool and dual offices.
Warm interiors create a sophisticated yet inviting space
Credit for the perfectly appointed interiors goes to Jamie Bush, who is recognized for his ability to blur the lines between the architecture of a building and its interior design.
Jamie’s designs have been featured in over 70 publications worldwide including Architectural Digest, Interior Design, Vogue, Elle Décor, Wall Street Journal, Los Angeles Times as well as several coffee table books.
His design style, combined with Noah Walker’s approach to architecture — centered on creating modern structures that are warmly minimal with careful considerations of light, space and the unique qualities of each project’s location — created a truly outstanding home.
The primary suite has its own separate wing
The entire home has been envisioned as a relaxation oasis. But just in case that’s not enough, the primary suite has been contained in its own wing, to ensure maximum privacy.
Sliding doors open to balconies overlooking the large grassy yard, presenting views that extend across the canyon to the ocean. The primary suite has Poliform walk-in closets — one with a vanity — and a sitting area separated by a double-sided fireplace.
Its ensuite bathroom includes dual vanities and a freestanding tub, a chaise lounge and a connected outdoor lounge seating area. Each additional bedroom suite includes its own marvelous views and impeccable design; the upper level has two additional bedrooms with Juliet balconies and the lower level’s two bedrooms open to beautifully landscaped gardens and walkways.
On the market for $70 million
The newly built 19,000-home has been recently listed for sale with an ambitious $70 million asking price.
Blair Chang with The Agency has been tasked with finding a buyer, a very inspired choice seeing that his expertise and sales track record made him one of the highest producing real estate agents in the country (according to RealTrends + Tom Ferry America’s Best Real Estate Professionals’ ranking), bringing in $141,870,500 in sales volume last year alone.
And given the price point, along with the property’s stellar attributes, we’re going to keep an eye on this one. Celebrities have long been snapping up homes in the Brentwood area, with A-listers like Travis Scott, Reese Witherspoon, Channing Tatum, and Mötley Crüe drummer Tommy Lee buying homes here recently. We wouldn’t be at all surprised if this architectural marvel manages to attract new star power to the area.
More luxury homes
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With a quantity of flowers and fashion moments on par with the coronation, Sofia Richie just took the concept of a wedding to new glamorous heights. Even among celebrity weddings, the South of France soireè was one for the record books.
The model and beauty entrepreneur wore not just one but three (!!!) custom Chanel bridal gowns on the big day, and rocked earrings designed by her sister, Nicole Richie, during the wedding weekend.
Dad Lionel Richie walked Sofia down the aisle to exchange vows with music label founder Elliot Grainge. Then the couple and their lucky guests celebrated with cake—a multi-tiered creation that they sliced with a saber—and surprise performances from Lionel as well as the rock band Good Charlotte, which includes Nicole’s husband, Joel Madden.
More From Veranda
Oh yes, and did we mention that this all took place at Hotel du Cap-Eden-Roc in Antibes, France? This is arguably one of most exclusive resorts in the French Riviera, and just so happens to host the annual amfAR Gala during the Cannes Film Festival, too.
The night concluded with a fireworks display over the Mediterranean Sea. All in all, a dreamy day, and one that has Richie raving about and recommending on Instagram: “Marry your best friend.” In reply, Grainge writes, “Thank you for making me the happiest man on earth. I love you.. wife.”
According to the celebrity couple’s wedding registry at Beverly Hills retailer Gearys, their gifts were just as luxe as their weekend. We’re swooning over the entire lineup!
Here are just a few of the items marked purchased, fulfilled and gifted—and jumping to the tops of our wish lists, too.
2022 seems to be a busy year for 34-year-old rapper Cameron Thomaz, better known by his stage name, Wiz Khalifa.
The rapper recently released two singles from his upcoming album Multiverse, set to drop later this summer, and is preparing to join Logic on a U.S. tour from July to September.
All the hard work is paying off for Khalifa, and he’s making the move to a bigger, even more glamorous home than the one he’s occupied for the past three years.
The rapper has listed his modern mansion in Encino with Alan Tayor of Compass & and Brian Capossela with Cap Equity for $4,495,000.
Khalifa paid $3.4 million for the property when he purchased it back in 2019, and he didn’t have to make any significant upgrades or renovations — the home was gorgeous from the get-go.
Wiz Khalifa is not parting ways, however, with Encino.
He recently paid $7.6 million for another, even bigger mansion in the same area, according to Architectural Digest. Khalifa and his son will be the very first residents of the 8,029-square-foot farmhouse property.
The 6-bedroom, 5-bathroom, 5,875-square-foot home sits in the quiet, celebrity-heavy neighborhood of Encino and represents quintessential Cali living, seamlessly blending modern and classic elements.
While the architecture is simple, straightforward, and boxy, the warm wood paneling on the exterior softens it up and gives it a beautiful modern look.
The beautiful home South of The Boulevard offers complete privacy, which is perfect for celebrities like Khalifa, who are always followed by fans and the prying eyes of the paparazzi.
Outside, there is a gorgeous swimming pool with a firepit, lounging area, an outdoor spa, and a concrete BBQ center — perfect for entertaining guests.
Inside, guests are greeted by a grand foyer boasting a floating staircase and soaring ceilings bathed in abundant natural light.
You step into a spacious, formal living area that gives off 100% carefree Cali living vibes without even trying.
Nearby is a home theater that’s ideal for watching favorite movies with friends and family, as well as a guest suite and a powder room.
The main family room is equally cozy and impressive, boasting custom built-ins, a 100-bottle wine bar, a sharp wood-clad fireplace, and floor-to-ceiling glass pocket doors that help you bring the outdoors indoors.
The chef-level kitchen is absolutely stunning, again bathed in abundant sunlight, featuring Miele appliances, custom lacquer cabinets, a walk-in pantry, a butler’s pass through the dining room, as well as a cozy breakfast nook overlooking the private grounds.
Going upstairs, you have six gorgeous, spacious bedrooms, as well as a teen lounge or a home office that connects to an outdoor terrace and wraparound balcony overlooking Santa Susana’s.
There’s also a primary retreat area with a bar and fridge, a custom fireplace, a large sleeping room with a lounge area, a walk-in center island closet, a spa-style bath, a spacious standing shower and tub, and huge balconies with views of the yard.
For outdoor enthusiasts, there’s also a sports court next to the swimming pool where you can shoot hoops and get some exercise in the California sun.
There’s also a pool cabana that can easily be converted into a home gym, a studio, or a lounging area.
There are plenty of parking spaces, including 2 covered parking spaces and 6 additional parking spaces for guests.
The home is wired for sound and features smart features like state-of-the-art security cameras and multi-zoned Nest heating and air.
If you’d like to see more of Wiz Khalifa’s soon-to-be-former house in Encino, you can take a virtual tour of the property with listing agent Alan Taylor of Compass.
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If you’ve been paying attention to the news within the past few months, you’ve likely been hearing a lot about the rise of the robo-advisor.
Robo-advisors is the term given to any number of automated investing services that have popped up in recent years that aim to make investing easier, more affordable and in some instances negate the need for a traditional financial or investment advisor.
While their investment recommendations vary to some degree, many of them use algorithms based on Modern Portfolio Theory (MPT) to aid in choosing diversified investments and asset allocation based on your risk tolerance. MPT helps to maximize expected return for your portfolio based on your risk profile.
While I still think that some people could benefit from working with a human financial planner one on one, I do think that for most investors using an automated investing service makes a ton of sense.
Today I thought I would do a review of Wealthfront, one of the top and most well respected automated investing services available today.
UPDATE: Sign up for Wealthfront via this exclusive Bible Money Matters link to get $5,000 managed for free:
Sign up for Wealthfront and get $5,000 managed for free
Wealthfront History
Wealthfront launched their automated investment service in 2011 and the company is currently based in Redwood City, California. In 2012 Wealthfront launched a daily tax-loss harvesting service. From 2013 to 2014 the company went through some tremendous growth, growing by over 450% in one year. By 2019 Wealthfront now has more than $12 billion of assets under management.
Wealthfront never holds your portfolio when you invest with them, they just manage it. The portfolio is actually held with Royal Bank of Canada.
How Does Wealthfront Work?
When you sign up for Wealthfront you start by completing a questionnaire that is aimed at determining your risk tolerance. Once your risk tolerance is determined asset allocations are set that will remain the same regardless of how much you have invested.
The portfolios are based on a mix of 6 – 8 asset classes that includes both U.S. and international stocks and bonds. They invest mainly via the following ETFs, although that is subject to change.
U.S. Stocks (VTI)
Foreign Stocks (VEA)
Emerging Markets (VWO)
Real Estate (VNQ)
Dividend Stocks (VIG)
Emerging Market Bonds (EMB)
Municipal Bonds (MUB)
CorporateBonds (LQD)
US TIPS (SCHP)
Natural Resources (XLE)
When you invest with Wealthfront your diversified asset allocation will depend on the tax status of your account (taxable or tax deferred), and what is the most tax efficient method of investing for you.
In essence, you’ll get a highly diversified, low cost portfolio that is suited to your level of risk, time horizon and other factors.
Signing Up For Wealthfront
Signing up for Wealthfront is a quick process. Here’s what you’ll need to do.
Once you begin the signup process it will first have you go through a risk tolerance assessment.
Once you’ve answered all the questions, it will give you a quick rundown of what assets and allocation that they would suggest for you, in both a taxable account and retirement account.
If everything looks OK, you’re ready to open your account.
Available account options with Wealthfront include:
Standard taxable account
Joint investment account
Trust account
Traditional IRA
Roth IRA
SEP-IRA
Wealthfront 529 College Savings Plan
Once you choose which account type you want and hit continue, it will take you through the process of entering all of your basic information including:
Full name
Address
Birth date
Phone number
Social security number
Income
After filling out the basics it will ask you to fund your account. Your options for funding the account include:
Bank transfer (3-5 business days to get started)
Wire transfer (1 business day to get started)
Account transfer (5-10 business days)
Once you submit your application and confirm your email address you just have to wait for your account to be approved. After approval you can login to your account dashboard to confirm transfers, view your account summary, view your plan, transactions, documents and more.
Wealthfront Features
So what are some of the features that you get when you open a Wealthfront account?
Proven passive investing strategy that gives you a diversified portfolio
So what do you invest in when investing with Wealthfront?
We invest with an equity orientation to maximize long-term returns. Each of our selected asset classes is represented by a low cost, passive ETF. We continuously monitor and periodically rebalance your portfolio to maximize your chance of investment success for the long run. We also attempt to minimize your taxes by analyzing the taxes likely to be generated by any given asset class, and then allocating different asset classes in taxable and non-taxable (retirement) portfolios. We use Modern Portfolio Theory (MPT) to identify the ideal portfolio for each client.
Your portfolio will consist mainly of low cost ETF index funds that will be tailored to your risk tolerance, with intelligent dividend reinvestment and regular portfolio rebalancing. It is fully diversified. For a complete look at the Wealthfront strategy you can check it out here.
Wealthfront offers a broad suite of tax efficient passive investment products. These strategies are known as PassivePlus, and in the past have mainly been available only to high dollar investors. Wealthfront didn’t invent these strategies, but it’s team of PhDs led by reneowned economist Burton Malkiel, along with their investment technology has made these products available to anyone. Among the strategies included in PassivePlus:
Tax loss harvesting: Tax-loss harvesting essentially takes investments that have declined in value and selling them at a loss, generating a tax deduction. The tax deduction helps to reduce your taxes. Wealthfront’s service allows daily tax harvesting to be possible, which can help to maximize gains versus a traditional year end tax loss harvesting. This service is available at no extra cost to investors.
Stock-level Tax-Loss Harvesting: Available for no extra cost to taxable accounts over $100,000, Stock-level Tax-Loss Harvesting is an enhanced form of Tax-Loss Harvesting that looks for movements in individual stocks within the US stock index to harvest more tax losses and lower your tax bill even more.
Risk Parity: Available for an additional 0.03% to taxable accounts over $100,000, Risk Parity is an alternative methodology to allocate capital across multiple asset classes, much like Modern Portfolio Theory (MPT), also known as mean-variance optimization. Historically, Risk Parity has generated better returns for a given level of portfolio risk than the more common MPT.
Smart Beta: Available for no extra cost to taxable accounts over $500,000, Smart Beta is an investment feature designed to increase your expected returns by weighting the securities in the US stock index of your portfolio more intelligently.
Wealthfront also invests in index funds which tend to have little turnover, and as such will likely realize lower capital gains taxes. They also use dividends to rebalance your portfolio throughout the year, lowering capital gains. They optimize asset classes and allocations depending on whether an account is taxable or tax advantaged.
No commission fees
With Wealthfront you’re never going to pay fees for purchase of the ETFs in your account.
Other Wealthfront Feature Updates
Wealthfront is constantly innovating, and has had a myriad of other updates in the past year or so, all designed to make investing easier, more efficient, and to bring you better returns. Here are a few of the features and functionality that set them apart.
Free Financial Planning: The new free financial planning experience, unique to Wealthfront, using the Path planning engine.
Tailored Transfers: Instead of selling everything at once, use our tailored transfer process to migrate your investments tax-efficiently over time.
Portfolio Line of Credit: This line of credit is available for any Wealthfront client with an Individual or Joint Wealthfront account valued at $100,000 or more. There’s no set up – if you’re an eligible Wealthfront client then you already have access. Your line of credit is secured by your diversified investment portfolio, so current rates are as low as 3.25-4.5% depending on account size – lower than most HELOC loans. Borrow the amount you need up to 30% of account value, when you need, for whatever you want. Repay on your own schedule.
Free Automated Financial Planning
In December of 2018 Wealthfront became the first robo-advisor to offer software based financial planning for free to anyone through their app or on their website. Some other services will offer planning to clients, but usually at a premium, and only through a call with a CFP on the phone.
With Wealthfront’s financial planning tools you can connect to your existing financial accounts in a few minutes, and then by tracking your actual spending and saving patterns to help you figure out how your financial future may look.
It helps you to figure out how much you need to save now to reach your future goals, and helps you to determine if you’ll be able to live the same lifestyle you live now, in retirement.
The free financial planning help takes the guesswork out of figuring out if your hoped for future is even attainable based on your current spending and saving patterns. It helps you take a look at “what-if” scenarios, and help you figure out what the impact of a raise at work, or saving more every month might be.
The free automated financial planning service is like having a personal financial planner, but without the need for a bi-annual meeting at an expensive office with a planner that hardly pays attention to your needs. Here’s a look at it from Wealthfront:
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Home Planning In Financial Planning Software
The financial planning software brings clients out of the window-shopping phase of home buying and into planning and saving with the help custom advice and recommendations. The Path advice engine uses third party data on home prices and mortgage rates combined with your financial information to provide an accurate estimate of what you can expect to afford when ready to purchase a home — whether it’s six months or five years from now.
The home affordability estimate given by the tool even accounts for expenses beyond the mortgage, such as closing costs, property taxes, maintenance, and insurance.
College Planning In Financial Planning Software
In addition they also now have a College planning tool that looks at every important aspect of college planning and deliver a complete, personalized assessment.
It will allow you to choose a college that your child may attend, enter some personal data about yourself, after which it will calculate the financial aid you can expect to receive at that school. Then you can setup how much to save, and see the effect of adding more to your savings. At the end you can link it to your Wealthfront 529 College Savings Plan!
The Wealthfront 529 College Savings Plan
This is another investment account unique to Wealthfront. They offer one of the lowest cost 529 plans from an advisor, that offers more diversification for higher returns. (Many plans offer a very limited range of investment options).
A recent Sallie Mae study shows that more and more parents are saving for college, but are nowhere near prepared to meet their goals because they are saving solely through savings accounts earning less than 1% interest. The Wealthfront 529 College Savings Plan was created to help change this, to help parents grow their child’s college savings, while minimizing the amount of risk based on your level of risk tolerance.
Wealthfront’s 529 uses 20 different glide paths, tailored to match both the beneficiary’s age, as well as the account owner’s financial situation and risk tolerance. Our glide paths transition asset allocations much more continuously, which again means you may be less likely to be hurt by market movements.
This is definitely something to check out if you’re interested in saving for your child’s education.
Wealthfront Cash Account
Wealthfront recently implemented a great new tool for savers. If you’ve got cash you want to keep out of the market and low risk, but you still want to earn a good amount of interest on it, the Wealthfront Cash Account might be just what you’re looking for.
The cash account is an FDIC insured account (up to $1 million dollars, 4 times the traditional bank insurance), that charges no fees and has only a $1 minimum.
At the time we updated this article it’s currently earning 2.57% APY. This makes their APY the highest on the market according to Bankrate, so if you’ve got extra cash laying around it makes their account a no brainer to sign up for.FDIC insured AND the best rate.
The Bankrate industry average savings rate is only 0.10%, so you can now earn over 25x more than the national average on cash balances!
It’s fast and easy to setup your cash account, it takes just minutes. Definitely worth checking out – whether you already have a Wealthfront account or not.
Fees, Charges & Minimums For Wealthfront
What are the fees that you’ll have to pay for the Wealthfront investment service? The good news is they offer some extremely competitive rates.
Wealthfront charges a monthly advisory fee based on an annual fee rate of 0.25%. The only other fee you incur is the very low fee embedded in the cost of the ETFs you will own that averages 0.15%.
Fees
You pay the following fees to Wealthfront:
So if you have $10,000 in your account and you signed up via our link, you’ll have no charge for the first $5,000, and a 0.25% fee on the second $5,000.
When you sign up you’ll also have the chance to refer other users to the service to earn $5,000 more per user in free asset management, beyond the first $5,000. If you know enough people who want to sign up, you could definitely increase the amount managed for free very quickly!
Account Minimums
An account with Wealthfront does come with a minimum balance.
Our account minimum is $500, which entitles you to a periodically rebalanced, diversified portfolio of low cost index funds enhanced with our daily tax-loss harvesting service (for taxable accounts).The account minimum required to qualify for our Stock Level Tax-Loss Harvesting is $100,000.
So to open an account, you’ll need a minimum of $500. Why not start with $500, and then fully fund your Roth IRA for the year ($5500 for 2018)?
There is also a minimum withdrawal of $250, and you can’t withdraw below the account minimum of $500.
If you withdraw all of your funds it will transfer your money and close your account for you, with no exit fees.
Wealthfront – Great Low Cost Investment Advisory Service
When I first heard about Wealthfront a few months ago, I wasn’t sure if it would be a service that I could recommend. After doing my due diligence, however, I believe they’re a great service that would be perfect for a lot of people.
Wealthfront is the only robo advisor who offers investment management, financial planning and banking-related services through their software. Anyone can open a Wealthfront investment account and receive a personalized, globally-diversified investment portfolio and access a variety of tax-efficient services.
I’d highly recommend giving them a chance if you’re looking for an easy place to start investing – that will work for you over the long haul.
Sign up for Wealthfront and get $5,000 managed for FREE