In addition to discussing Zillow’s financial results and the continual evolution of its Housing Super App vision on its third quarter earnings call, CEO Rich Barton and Zillow executives took time to address the elephant in the room: the verdict of the Sitzer/Burnett commission lawsuit.
While the industry has yet to find out what Judge Stephen Bough’s injunction will say and the three defendants, the National Association of Realtors, Keller Williams and HomeServices of America, have vowed to appeal the decision, Barton believes his firm will thrive regardless the outcome.
In his remarks about the suit, Barton said Zillow is a strong supporter of free, fair and transparent access to real estate information, independent representation, and transparent and negotiable agent commissions.
“From where we stand it seems clear that these principles are in the best interest of mover consumers, agents and the industry as a whole,” Barton said. “We expect industry changes resulting from this lawsuit or ones like it will involve commission transparency and negotiability provisions similar to those seen in several of the settlement the plaintiffs entered into with other real estate franchisors in advance of the trial.”
Barton also told listeners that Zillow believes complete disruption to the existence of buyer’s agents is improbable, as the firm believes it is important for buyers to have someone looking after their interests in the homebuyer transaction. However, if buyer’s agency does disappear, Zillow is considering models where the U.S. market transitions to one where one or two large listing portals offer pay-to-play inclusion on a digital listings marketplace.
“In this scenario, Zillow would be an odds on favorite to become the leading digital listings marketplace, given our brand, traffic, engagement and our unique focus on solving movers real pain points,” Barton said.
Despite what Barton believes would be an advantage for his firm, he said Zillow is not advocating for this to happen.
“We believe the pay-to-play marketplace is a step backwards for consumers and the industry as a whole and we very much like our position and growth plan in a market structure the continually evolves towards our principles of access, independence and transparency,” he said.
Zillow’s financial results
Despite a slower residential housing market environment caused by rising mortgage rates and low housing inventory, Zillow Group still managed to record an annual increase in revenue in the third quarter of 2023.
The real estate behemoth recorded $496 million in revenue, an increase of 3% year over year. The firm’s residential sector was responsible for $392 million of the overall revenue. The sector’s revenue for the quarter was down 3% annually, which Zillow executives were pleased with given the macro environment.
Zillow was also pleased with the performance of its mortgage sector, Zillow Home Loans, which reported an 88% year-over-year increase in purchase loan origination volume for the quarter. Even with this massive increase, Zillow Home Loans still recorded an 8% annual decline in mortgage revenue to just $24 million.
The firm’s mixed bag of revenue results garnered Zillow a net loss of $28 million for the quarter, which represents an improvement over the $53 million net loss it reported in Q3 2022.
“Today we are focused on delivering the Housing Super App, a tech enabled end-to-end platform with products and services that make it easier for people to move,” Barton told investors and analysts listening to the firm’s Q3 2023 earnings call Wednesday evening. “You’ve heard me say many times that 2023 is crucial for Zillow. It’s a year of execution as we prepare to scale in 2024 and 2025. We are very pleased with what we’ve accomplished today.”
While much of the call was given over to discussion of the Sitzer/Burnett suit, to which Zillow is not a party, none of the call featured discussions of the REX Real Estate false advertising lawsuit, in which Zillow, the only defendant, emerged triumphantly less than a month ago.
Originally filed by REX in March 2021, against Zillow and NAR, the lawsuit alleged that changes made to Zillow’s website “unfairly hides certain listings, shrinking their exposure and diminishing competition among real estate brokers.”
Despite the verdict, it does not appear that Zillow’s legal battle with REX is over. On Tuesday, the now defunct discount brokerage, filed a motion seeking a new trial.
In the motion, REX claimed that during the initial trial the court “gave an improper and case dispositive affirmative defense instruction on REX’s claim under the Washington Consumer Protection Act.”
REX claims that this enabled Zillow to “improperly escape liability for knowingly creating a deceptive and unfair web site by simply convincing the jury that it benefitted from doing so.”
With the biggest mortgage tech merger in years now settled, lenders and vendors are seeing some of the effects of it play out through collaborations and consolidation.
While a subdued home lending environment is also in play — with a number of mergers and acquisitions in 2023 as many predicted at this point last year — the recently completed Black Knight-Intercontinental Exchange merger brought significant disruption. The deal is prompting many companies to evaluate their strategies to remain competitive and get ahead, leading to new product integrations or outright acquisitions.
The latest announcements include a couple of companies bringing entire new units into the fold. Columbus, Ohio-based Lower announced the addition of Universal Lending as a new division within its family of companies. Both retail and wholesale channels of Denver-based Universal will move over to Lower and continue to be led by President TJ Kennedy.
“The addition aligns with our expansion plans, adding over 60 loan officers and establishing a strong presence in both the Colorado and Montana markets,” said Mike Baynes, Lower co-founder and managing director.
Likewise, valuations and closing-solutions firm Accurate Group added the appraisal business of Voxtur Analytics in a new acquisition. The former Voxtur unit will operate as a standalone division within the Cleveland-based technology company and include its current team and leadership, Accurate said.
Among other recent partnerships, the newly merged ICE Mortgage Technology figures into two.
Settlement solutions firm The Closing Exchange said it had teamed up with the mortgage tech giant to make it easier for title agents and lenders to request remote online notarizations and other virtual appointments with the addition of Simplifile eSign Events platform onto ICE’s Encompass loan-origination system. At the same time, Income-verification provider Argyle partnered with ICE to connect to its LOS as well, giving users secure and direct access to payroll sources.
It follows other Argyle news from last month, where it announced it would open access to direct income and employment data to users of Fannie Mae’s Desktop Underwriter.
In a similar arrangement in the income-verification space, CoreLogic made its own moves following the close of its merger with Roostify and recent launch of the Digital Mortgage Platform product. The Irvine, California-based company is upgrading its employment and income-verification capabilities with the help of Experian Verify. Like Argyle, CoreLogic will be able to connect its users with Fannie Mae DU as well as Freddie Mac’s system.
Also working alongside Experian, the software platform MeridianLink, which provides digital mortgage and lending services to the financial industry. In expanding its relationship with the company, Costa Mesa, California-based MeridianLink is, likewise, making Experian Verify available to its clients.
New partnerships aren’t limited to loan underwriting either. This week, two emerging fintechs, Vesta and Willow Servicing, integrated their tools to provide a streamlined borrowing experience from application to post-close. Through automation of interim servicing processes, their partnership aims to provide continuity in Vesta’s LOS until the point a closed mortgage is transferred to a permanent servicer.
“Seamlessly integrating a loan origination system with a mortgage servicing system removes a major point of friction in the mortgage lifecycle,” said Laura Cain, CEO of Willow Servicing, in a press release.
Also among mortgage lenders, Luminate Home Loans entered into an agreement with Stewart subsidiary Cloudvirga to use its wholesale platform for third-party originations. Along with giving mortgage brokers more control through the origination process, the partnership will permit them to create loan scenarios, generate disclosures and connect directly with Luminate, the lender said.
Inside: Are you looking for ways to make money on the side? This guide has everything you need to know about the best side hustles for men. From turning your passion into profit with these gig ideas!
In this post, I collaborated with my husband. Together, we combined our ideas and expertise after work to generate ideas centered around how men specifically can make money. His input and insights were remarkably vital to this post.
Break free from the 9-to-5 grind and embark on a journey towards a fulfilling side hustle – it’s a game-changer for gentlemen looking to beef up their bank accounts.
In the ever-evolving landscape of side hustles, now is your year to supercharge your earnings. There’s a treasure trove of opportunities waiting for you to delve into, all while indulging in your passions. From tech-savvy endeavors to unleashing your creative genius and practical gigs that pay, our guide is here to unveil the ultimate side hustles that can set you on the path to financial triumph.
Ready to boost your income? Fantastic! You’re on the path to prosperity.
Here, we’ll explore the 40 best side hustles for men in 2024.
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.
Embracing the Hustle: Why Men Should Consider Side Hustles
Side hustles are more than mere cash generators – they’re the keys to a world of freedom, flexibility, and endless growth potential.
If you’re a gentleman with a hunger for financial prosperity, a side hustle can be your golden ticket. It empowers you to call the shots and maintain your existing commitments while paving your way to success.
While women tend to lean towards side hustles for women, it’s high time for men to dive headfirst into the captivating world of side hustles!
How can a guy make extra money?
Making extra money doesn’t have to be monotonous. Whether you’re a tech whizz, an avid creator, or a hands-on worker, there’s something for you.
There are so many ways to make money. I just read this story about a college kid starting with $300 and turning his sticker side hustle into a full time business. 1
These options can yield solid income by leveraging your unique skills and interests. Want to learn more? Keep reading; we have plenty of ideas for you!
Top Side Hustles for Men
As my hubby said, extra income takes the financial strain off the normal job. With side hustles, you can choose how you want to spend your time – watching sports, playing video games, or making money.
The choice is yours!
Right now, learning to make money online for beginners is the most popular place to start.
1. Invest in Real Estate
Around here at Money Bliss, we always stress how to make your money work for you and real estate is no different.
Real estate investment is a golden opportunity that not only offers a steady income but also the potential for property value to soar. Keep in mind, that it’s a long-term game that requires a significant upfront investment.
However, there are many options like flipping properties, renting properties, or even investing through a REIT. Dive into the world of real estate to maximize your returns. Let your money do the heavy lifting for you.
2. Day Trader
Many men opt for trading stocks and options as a side hustle for several compelling reasons.
Trading offers flexibility, as your research can be done at any time, making it convenient to manage along with a nine-to-five job.
It has an immense profit potential, given the volatility and opportunities present in the global stock markets.
Many want to earn a rate of return greater than the average return of the S&P 500 – a common benchmark index for that competitor inside them.
Finally, trading presents an opportunity for continual learning and development, as successful trading requires staying updated with financial news, stock apps, market analysis, and economic trends, thereby enhancing one’s financial literacy.
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3. Become an Umpire or Referee
Sports fans, here’s your calling! Transform your passion into a profitable part-time gig by becoming a sports referee.
There is a HUGE shortage of umpires and referees.2 Rates per game can range from $20 to $60, and over time, you can earn even more as you referee older leagues. Plus many leagues are paying more to incentivize refs to come back to the fields.
Not only does it assure good pay, but it also lets you enjoy your favorite sport, exercise, and create exhilarating moments. Check it at your local club or league for training and to get started today.
This is something my brother-in-law did all the time and easily made 200 dollars a day.
4. Participate In Medical Studies
If adding to medical knowledge interests you while earning, consider participating in clinical trials.
Compensation depends on various factors like the study’s length and complexity. You can earn $50 to $300 a day!
It’s worth considering if you’re comfortable with potential risks and lengthy commitments. Websites like ClinicalTrials.gov or your local hospital could help you get started. It’s a unique way of contributing to medical research while making money. Do check the risks before diving in!
5. Moving and Heavy Item Delivery
Feel like adding some muscle? Moving and heavy item delivery might be your perfect hustle. If you’ve got a buddy, a solid back, and a truck (or can rent one), this is the gig.
You could easily earn about $20-$25 an hour helping people move houses or delivering large items. Opt for evening or weekend gigs to fit around your day job.
Get started by advertising your services or using apps like TaskRabbit or NextDoor. An excellent way to stay fit and earn some extra dollars at the same time!
6. Rent Out Your Extra Room
Do you have a spare room? Then, transform that neglected space into a cash cow.
Airbnb or VRBO can help you lease it out to travelers. Its user-friendly platform lets you manage rentals with aplomb. Plus, you get the chance to grow into a SuperHost.
Another option is to look at investing in a duplex where you live on one side and rent out the other.
7. Woodworking
This takes a special talent like my father-in-law had. He and his boys were known for crafting Adirondacks chairs, bedroom furniture, and patio tables.
So, if you have this woodworking knack, then this side hustle could be a golden ticket. The key to success is to perfect your craft to a few select items to be efficient with your time, so, you can better the profit. Let your handyman skills shine and earn you some extra cash!
The average earnings of a woodworking side hustle in the U.S. can range from approximately $500 to $3,000 or more per month, depending on factors such as the complexity of projects and marketing efforts.
8. Beekeeping
Honey, take note! If you’re not deterred by bees and are interested in agriculture, try your hand at beekeeping. This might be a family affair – like my daughter’s soccer coach.
Honey sells for around $20 a pound, and bees virtually do all the work! Plus, you contribute to pollination and the environment.
Combined with pest control services (like removing large nests), you can amplify your earnings. However, getting comfortable with bees might take time. But, once you do, the sticky sweet liquid gold that is raw honey could put a sizeable amount of money in your pocket.
9. Detail Cars
If you have a passion for cars and cleanliness, consider detailing cars as your side hustle. There’s something gratifying about transforming a dusty vehicle into a sparkling gem.
Depending on the quality of your service, you can earn up to $500 in a single weekend! Start by experimenting with your own car and build a portfolio to attract customers.
You’ll need tools like a good shop vacuum and detailing brushes. I have seen plenty of men showcasing their work on social media with before-and-after photos. Polish those wheels and drive towards profit!
10. Landscaping Side Hustle
Armed with green fingers? Eager to perform hard physical labor? Then a side gig in landscaping can do wonders for your wallet.
From regular lawn care to fall leaf cleanup to full-on backyard redesigns, there’s something for everyone. Look to websites like Lawn Love to match you with your first clients.
Potential income for this venture depends on how many hours of your time you are willing to trade.
11. Drive for Ridesharing Apps
Like to drive? Awesome, do it for cash! Ridesharing apps like Uber and Lyft got you covered.
Be your boss, and work on your terms.
You need to make sure you have a nice car, proper insurance, and learn the busiest routes to maximize your earnings. Do pay heed to your vehicle’s wear and tear, though. However, this is one of the jobs that pay weekly.
12. Snow Plowing
Living in a snowy region? Consider snow plowing. This is a quick way to make money! I can attest to my kids quickly making $200+ a day from snow shoveling.
Even better is to have business clients that need this service. As such, all you need is a reliable truck or SUV with four-wheel drive and a snowplow. Plus, you can upsell by offering extra services like salting and hand shoveling.
This lucrative side gig can result in you earning thousands each winter. It’s an opportunity to put your vehicle to good use and tackle Mother Nature for a handsome payout.
16. Knife Sharpening
If you have a knack for precision and patience, knife sharpening could be a rewarding side hustle. Businesses like restaurants butcheries, and home cooks are potential clients.
All you need is a quality knife sharpening setup and knowledge of the right techniques. Advertising your services on social media can help bring in customers. Who knew such an unusual skill could be so profitable?!
17. Plasma Donation Centers
While this one is probably more geared to side hustles for college students have you ever considered donating plasma for cash?
You help others, and it earns you up to $500 a month. It’s a generous deed with a minimal time commitment.
Search for “where to sell plasma in [your city]where to sell plasma in [your city]” to get started. Remember, most places have similar requirements to blood donation and may require a short medical screening first.
18. Bookkeeping
Good with numbers? Have an eye for detail? Look into bookkeeping.
Services like generating invoices, managing accounts payable, and preparing tax returns are always in demand. Overhead costs are low as you only need a computer and accounting software. Plus, payment is high at around $50 per hour!
For most bookkeepers, referrals are their bread and butter. To start out check the local Chamber of Commerce to start meeting other business people.
Turn your love for crunching numbers into a lucrative side hustle.
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19. White Label Software
Dip your toes into software reselling by using white-label software. This is great for someone who is good with technology and understands SaaS. However, no coding or IT background is necessary.
All you need to do is buy “seats” of an existing software at a wholesale rate, then resell them at retail.
Use any software name or category on Google and add “White Label” at the end to find options. Build a website, market your product, and start earning by becoming a digital intermediary! Start earning by becoming a digital middleman!
20. Work as a Translator
In the United States, nearly 20% of the population, roughly 67.8 million people, speak a language other than English at home, with Spanish, Chinese, Tagalog, Vietnamese, and Arabic being the most prevalent.3 If you’re fluent in another language, this opens doors to flexible and potentially lucrative side hustle in translation and interpretation.
Earnings in the language translation side hustle can fluctuate based on the client’s requirements and your preferences. For instance, you might find translation opportunities on platforms like Freelancer.com offering rates of up to $60 per hour, while translators on Fiverr can charge as much as $125 per project.
21. Pallet Flipping
Are you inclined towards an entrepreneurial middleman ship? Pallet flipping could be your ticket to substantial income.
This is similar to buying storage units unseen and flipping for a profit. With pallet flipping, the process involves buying and reselling pallets of customer returns, overstocked items, or unsold merchandise, often from major online platforms. Connect businesses that need pallets to ship their products with those looking to get rid of them.
Whether you start small or aim high, scalability and considerable earnings are within reach. Check out this Pallet Flipping book to get started.
22. Help Others Write Resumes
If you have a talent for crafting impressive resumes, there’s a lucrative side hustle waiting for you. Job seekers are constantly looking for professionals who can help them stand out in the competitive job market.
According to our research, professionals skilled in resume writing can start charging for their services on platforms like Fiverr, often earning anywhere from $50 to $150 per resume service including cover letters and LinkedIn profiles.
Mastering the art of creating effective resumes, including understanding industry-specific keywords, is the secret sauce to success in this field. By assisting others with their career aspirations, you can collect a decent income while making a meaningful impact on their job prospects.
This is also a popular digital product to sell on Etsy.
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23. Laundromat
Here’s an unconventional yet profitable idea – owning a laundromat! It’s an already profitable model (as it has been around for years) and most processes are automated.
Integrating some digital marketing skills and making tweaks like improving your online presence could earn you significant profit. But be aware, that this does involve an initial investment. Scope out opportunities to buy a laundromat near you.
Also, another trend is starting a laundry business where you take care of others’ laundry needs. Who would have thought laundry could be so rewarding?
24. Start a Consulting Side Hustle
Do you have expertise in a specific area? Consider starting a consulting side hustle.
Consulting is often about solving problems and providing strategies. Whether you’re skilled in marketing, HR, tech, or any other field, your knowledge can be valuable to businesses. Use your existing network to start and gradually grow your client base.
With the right marketing and a robust network, consulting can be highly rewarding. Honestly, this is a popular job after retirement for many. So why wait? Start monetizing your wisdom today!
25. Furniture Flipping
Ever heard of furniture flipping? It’s about buying used furniture at low prices, revamping it, and selling it for a profit.
Furniture flippers can be a goldmine especially if you know what to look for. Unearth the potential in old furniture and flip it into a profit with this artistic hustle.
You can source items from yard sales, flea markets, or online. Sanding and repainting can transform items into showpieces. This gig is perfect if you love hands-on projects that require creativity and patience. Remember, a great photo makes the sale for your final piece!
26. Walk Dogs
Dog lovers, rejoice! Here’s the perfect gig for you – dog walking. If you love playing with our furry friends and love the outdoors, why not get paid for it?
Apps like Rover can connect you with dog owners in your area in need of walking services. Dog walking can fetch (pun intended!) you around $10–$18 per walk. If you’re passionate about spending time with fidos, this side hustle is a pleasure that pays!
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27. Find Odd Jobs in Your Area
Not afraid to roll up your sleeves? Awesome! Odd jobs can be a treasure trove of opportunities.
Think yard work or furniture assembly. Seek out these gigs on platforms like TaskRabbit, Nextdoor, Craigslist, or Fiverr, and a few hours of work can earn you a tidy sum. It’s the perfect hustle for those in search of quick cash injections!
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28. Photographer
Are you skilled at capturing beautiful moments? Turn your passion into a lucrative side hustle by becoming a photographer.
With average rates of earning 500 dollars per day, your earnings could easily surpass those of a full-time job. You can explore areas like wedding photography, senior photos, or commercial product photography.
The best way to gain clients is through referrals or a fundraiser. Grab your professional camera and start capturing memorable moments while boosting your income. Focus your lens and let your creativity shine!
29. Unusual Rentals
Get creative! As this man demonstrated, unconventional rentals like a power washer can earn you thousands of dollars every month. 4
You can rent out spaces like your garage, or backyard to pet owners, or even invest in items like portable hot tubs or bounce houses. Platforms like Airbnb, Sniffspot, Vrbo, and Neighbor can help you get started.
Your unused space or items can transform into extraordinary sources of income. Dive into the world of rentals and unveil massive profits!
30. Cryptocurrency
Crypto investment is a popular side hustle that can yield incredible returns (and significant losses).
However, keep in mind that the cryptocurrency market is volatile, and you should only risk what you can afford to lose.
Crypto is not for the faint-hearted, but with the potential for high returns, it could be your golden opportunity.
31. Teach Music Classes
Do you possess a hidden musical talent? Then, teach music class!
With countless adults and children seeking music lessons, you can make good money sharing your skills. Offer piano lessons, guitar instruction, drumming, or any instrument you excel in. You can use platforms like Skillshare or provide private lessons.
On average, music instructors can charge anywhere from $40 to $100 or more per hour for online lessons depending on how advanced the lessons are. Sharing your passion for music while making money sounds like music to the ears, doesn’t it?
32. Sell on eBay
Have you ever visited a garage sale? Turn those finds into a profitable hustle by selling on eBay. eBay is an excellent platform for selling a wide range of items.
Some personal successes include flipping items like electronics, old iPods and iPhones, sneakers, and furniture. Successful eBay selling boils down to recognizing profitable items and securing a bargain purchase.
Are you ready to flip and fill your wallet with extra cash? You could sell on Facebook Marketplace, too.
33. Reselling on Amazon
Reselling products on Amazon is the trend of the hour. Scout for items cheaper in your area than online, including toys, limited edition shoes, or seasonal delicacies.
Consider trying dropshipping to curate your product lineup without worrying about inventory. Armed with just an Amazon seller account and a keen eye for trends, you can dive into this lucrative venture!
34. Start A Freelance Business
Have niche skills? Time to cash them in by freelancing. This is a booming market.
Bid on projects that resonate with your skill set: graphics, writing, social media management, website design – you name it! Going freelance offers flexibility, and autonomy and can bring in some serious cash.
Be sure to create a compelling portfolio to attract clients and make sure you have solid reviews.
35. Play Games Online
Game on, fellas! Who said you can’t turn your gaming hobby into a money-making machine?
You can pocket money by playing games like Blackout Bingo and Solitaire Cube.
Just remember you can win real money, but you can suffer losses as well. Also, be sure to check if cash tournaments are available in your region.
36. Watch Videos Online
Do you enjoy watching videos? You can earn while indulging in your favorite pastime! Platforms like InboxDollars and MyPoints offer cash rewards for watching videos. Plus, you can claim a $5 sign-up bonus on InboxDollars.
While the earning potential might be relatively low, it’s a seamless background activity. You can make money while relaxing on the couch. So, why not unwind with your favorite video content and get paid for it?
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37. Start a Podcast
Do you have a passion for conversation? Starting a podcast is not just about speaking your mind; it’s a captivating path to potential profit.
With over 177 million podcast listeners in the U.S. alone, your words have a vast audience waiting to tune in.5
Dive into topics like BBQ techniques, current events, or life’s twists and turns, and you might be surprised to know that top podcasters earn money with sponsorships.
38. Delivery Gigs
Do you love driving, but want to limit contact with people? Consider delivery gigs.
Food delivery apps like DoorDash, Uber Eats, and Instacart can pad your wallet. You can make deliveries on your schedule while retaining control over when and where you work.
These gigs typically pay $15 to $20 per hour, plus tips. Some companies even allow bicycle deliveries for a bit of exercise. Deliver your way to financial success with this flexible side hustle.
39. Start a YouTube Channel
Do you have a passion for digital creativity? Consider starting a YouTube channel – the “king of side hustles.”
Use your unique perspective to engage viewers, whether through personal vlogs, tech reviews, or evergreen content. The potential is boundless.
YouTubers earn money from ad revenue and sponsorships. With a staggering number of users on YouTube, why not tap into this vast audience?
Established channels can rake in thousands per video. However, remember that channel success hinges on content quality, relevance, and consistency. Get behind the camera and share your creativity with the world!
40. Freelance Writing
If you have a way with words, freelance writing is an attractive side hustle. Typically, writing is the most sought-after freelance service.
You can choose from various writing niches, including copywriting, blog writing, ebook, social media content creation, or creating detailed reports. Impress clients with samples of your best work.
For many, this was the first step before they went into to the world of blogging.
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42. Take Online Surveys
Have some free time and a reliable internet connection? Consider taking online surveys.
Websites like Swagbucks, Panel Place, or Survey Junkie are on the lookout for your opinions. It’s simple: sign up, share thoughts, and cash out! Look out for the highest-paying survey sites to maximize your profits.
Taking online surveys can typically amount to around $50 to $200 per month, depending on the frequency and length of surveys taken.
While it won’t make you a fortune, it’s an easy way to make a couple extra bucks during downtime. Start voicing your opinions for money today!
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43. Find a Flexible Part-Time Job
Finally, a part-time job can provide a steady cash stream.
Right now, you can find hiring signs everywhere! This is a great way to trade your time and make a little bit over minimum wage.
Apply to those vacant positions now, and sail towards extra cash!
Striking the Balance: Juggling Regular Jobs and Hustles
This is where my husband is always the most concerned because juggling your full-time job along with your side hustle can be tricky. Even more so, if you have a family.
The key is to create a feasible schedule that allows you to manage both without affecting the quality of work.
Keeping a time log can help identify how you can spare time for your hustle. Remember, side hustles should not hinder your regular job.
The goal is to make extra money, but not lose precious time with your family, so you must strike that balance for a smooth side-hustling journey. It’s all about dedication, time management, and commitment.
Now, are you ready to toss that juggling ball up in the air?
Frequently Asked Questions about Side Hustles
Personally, we feel the most profitable side hustles for men is real estate investment, followed closely by trading stocks and options.
These side hustles have a higher amount of money needed to start investing. So, we decided to consider your skills and interests to make a big impact now.
Making an extra $2000 a month is a game of adopting multiple hustles or honing in and being successful with one.
More importantly, it’s all about identifying your strengths, and interests and leveraging opportunities from there. Keep grinding, and you’ll find that fortune favoring your extra efforts!
Earning an extra $1000 a month might seem daunting, but it’s definitely achievable. Combining side hustles like driving for DoorDash, medical research studies, and flipping items can help you hit that target. Remember, the key lies in maximizing your skills, and efficiency, and choosing the right hustles. Embark on your side-hustling journey today and watch as your bank account flourishes!
Which Side Hustle for Guys Do You Like?
Now that we’ve explored these exciting side hustle opportunities, it’s time for you to take action. Which one resonates with you the most?
To truly excel in the world of side hustles, it’s crucial to approach your ventures with the right mindset. Your skills, hobbies, and interests should align with your chosen hustle, ensuring that you’re not just chasing dollars but pursuing something that genuinely excites you.
Remember that side hustles require time, commitment, and sometimes an upfront investment. The higher you’re willing to climb, the better your view (and the payouts) will be!
Don’t wait any longer. Start your side hustle journey today, and unlock the door to financial freedom and personal fulfillment.
Source
CNBC. “21-year-old spent $300 to start his sticker side hustle—now it brings in up to $38,000 a day: I was ‘unprepared’ to go viral.” https://www.cnbc.com/2023/10/30/how-sticker-side-hustle-invalid-jp-went-tiktok-viral-became-lucrative.html. Accessed October 30, 2023.
CBS News, “Youth sports referee shortage grows amid aggression from parents, coaches.” https://www.cbsnews.com/philadelphia/news/youth-sports-referee-shortage-grows-amid-aggression-from-parents-coaches/. Accessed October 30, 2023.
Census.gov. “Nearly 68 Million People Spoke a Language Other Than English at Home in 2019.” https://www.census.gov/library/stories/2022/12/languages-we-speak-in-united-states.html. Accessed October 30, 2023.
Express. “‘Anyone can do it’ Man shares unusual way to make money without leaving home.” https://www.express.co.uk/finance/personalfinance/1623166/money-making-tips-earn-from-home-fat-llama. Accessed October 30, 2023.
Exploding Topics. “Number of Podcast Listeners.” https://explodingtopics.com/blog/podcast-listeners. Accessed October 30, 2023.
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The US housing market looks like it’s headed for a recession, Wells Fargo has said.
Mortgages spiking to nearly 8% would cause homebuying to plummet, the bank says.
Strategists compared the situation to the 1980s when interest-rate hikes put pressure on the property market.
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research note last week.
“Although mortgage rates may gradually descend once the Federal Reserve begins to ease monetary policy, financing costs are likely to remain elevated relative to recent norms,” they added. “A ‘higher for longer’ interest rate environment would likely not only weigh on demand, but could also constrain supply by reducing new construction and discouraging prospective sellers carrying low mortgage rates from listing their homes for sale.”
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The average 30-year fixed-rate mortgage has climbed from under 4% to just shy of 8% since the Fed started tightening in March 2022, data from Freddie Mac shows.
Higher borrowing costs have driven a decline in the construction of new US houses, further tightening a supply-starved market and encouraging many existing homeowners to stay put to cling to historically low rates they’d previously locked in. Just 1% of Americans sold their houses during the first half of 2023, data from Redfin showed.
In the 1980s, the Fed’s aggressive war on inflation drove 30-year mortgage rates as high as 19% — prompting homebuilders in Jackson, Mississippi, to send the central bank’s chair, Paul Volcker, lumber with the inscription: “Help! Help! We Need You. Please Lower Interest Rates.”
The Wells Fargo economists compared that desperate plea to a letter that the National Association of Realtors, Mortgage Bankers Association, and National Association of Homebuilders sent the Fed’s board of governors earlier this month. The three groups called the chair, Jerome Powell, to make clear that he was calling time on the bank’s current rate-hiking campaign.
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“The plea for assistance from housing industry participants, both in the early 1980s and more recently, illustrates the severe impact higher interest rates can have on the residential sector,” Dougherty and Barley wrote.
“After perking up at the start of year, nearly every facet of housing activity has shown signs of relapse as the Fed has maintained a restrictive policy stance and mortgage rates have breached 7%,” they added, referring to the fact that home sales, mortgage applications, and indices tracking homebuilder confidence have all declined in recent months.
Known as the hidden treasure of the Midwest, North Dakota is full of natural beauty, historic allure and modern conveniences. As more people discover the benefits of residing in the Peace Garden State, pinpointing the best places to live in North Dakota becomes increasingly essential. From cities steeped in history and picturesque towns beside expansive lakes to thriving economic centers, this state presents a ton of pristine living options.
Population: 126,748
Average age: 31.4
Median household income: $60,243
Average commute time: 15.0 minutes
One-bedroom average rent: $976
Two-bedroom average rent: $1,044
Often heralded as one of the best places to live in North Dakota, Fargo strikes an impressive balance between traditional midwestern charm and a forward-thinking atmosphere. With North Dakota State University fueling the city’s innovative spirit, the city simultaneously retains its historic heart, showcased in the well-preserved downtown architecture and the timeless appeal of the Red River Valley Fair.
There’s never a dull moment in Fargo, thanks to its eclectic mix of theaters, art galleries and events that rival much larger cities. The winters, though cold, come alive with community-led ice skating and snowboarding, while the warmer months are replete with lively street fairs and farmers markets. Foodies, too, find solace in Fargo’s evolving culinary scene, where traditional American fares comfortably coexist with international delicacies.
Population: 74,138
Average age: 37.4
Median household income: $75,715
Average commute time: 18.3 minutes
One-bedroom average rent: $995
Two-bedroom average rent: $1,030
As the state’s capital, Bismarck is the hub of political activity and offers residents the opportunity to engage closely with the state’s governance. The iconic Art Deco state capitol building, often referred to as the “Skyscraper on the Prairie,” stands as a testament to the city’s deep-rooted political legacy while overlooking the picturesque Missouri River.
The city’s parks and trails offer endless exploration possibilities throughout the changing seasons. A ton of local eateries serve everything from hearty North Dakotan classics to contemporary dishes, while local theaters and events keep the community spirit alive and buzzing. Hoping to get away for a weekend? The Bismarck Airport gives you access to the rest of the country in mere hours.
Population: 58,781
Average age: 29.4
Median household income: $53,611
Average commute time: 13.1 minutes
One-bedroom average rent: $925
Two-bedroom average rent: $1,125
Celebrated as one of the best places to live in North Dakota, Grand Forks masterfully combines a strong academic focus with a touch of classic Midwestern charm. Home to the University of North Dakota, the city enjoys the youthful energy and innovation associated with a collegiate atmosphere, resulting in a thriving local arts scene, cutting-edge research initiatives and an influx of diverse perspectives.
The Red River, which gracefully meanders through the city, provides a scenic backdrop for a range of recreational activities, from serene riverside picnics to invigorating water sports. Downtown Grand Forks is a delightful blend of historic buildings, contemporary shops and quaint restaurants that offer everything from traditional comfort foods to more avant-garde culinary experiments. Seasonal events, like the Greenway Takeover Festival, have solidified Grand Forks’ reputation as a community that knows how to come together and celebrate.
Population: 47,789
Average age: 32.1
Median household income: $68,543
Average commute time: 18.4 minutes
One-bedroom average rent: $935
Two-bedroom average rent: $1,015
Minot has a captivating mix of military significance, due to its proximity to Minot Air Force Base, and the warmth of small-town living. Dubbed “Magic City” because of its meteoric growth during the railroad era, Minot remains a beacon of rapid development and dynamism, giving residents an environment of opportunities and progress.
Scandinavian Heritage Park stands as a unique testament to the city’s rich ancestral ties, displaying enchanting replicas and monuments from Nordic countries, a nod to the region’s strong Scandinavian influence. Meanwhile, the annual North Dakota State Fair in Minot is an event like no other, drawing crowds from all across the region.
Population: 27,332
Average age: 30.9
Median household income: $75,061
Average commute time: 14.6 minutes
One-bedroom average rent: $825
Two-bedroom average rent: $995
Williston serves as a crucial nexus of the state’s thriving energy industry due to its position within the Bakken oil fields, making it attractive for young people looking for employment opportunities and relatively low home prices. This energy hub is not just about industry; it presents an intriguing blend of historical significance and a pulse of modern growth. The city has experienced waves of expansion and opportunity, all while maintaining a communal atmosphere that welcomes longtime residents and newcomers alike.
The city’s location near the confluence of the Yellowstone and Missouri Rivers provides a scenic landscape for various outdoor activities, from fishing trips to tranquil riverside contemplations. Moreover, local events, like the Band Day Festival, showcase the city’s commitment to community engagement and celebration.
Population: 25,167
Average age: 32.6
Median household income: $70,391
Average commute time: 15.2 minutes
One-bedroom average rent: $900
Two-bedroom average rent: $1,000
Consistently acknowledged as one of the best places to live in North Dakota, Dickinson is a gem situated at the gateway to the ruggedly beautiful Theodore Roosevelt National Park. The city seamlessly intertwines its rich past as a historic railway stop with its present-day significance in the energy industry, primarily due to its location within the Bakken oil formation. This combination ensures a dynamic local economy while preserving the charm of its heritage.
Outdoor enthusiasts consider Dickinson a true haven, given its proximity to the Badlands, which offers a striking landscape for hiking, horseback riding and wildlife spotting. Within the city limits, the Dickinson Museum Center showcases impressive prehistoric finds, a nod to the region’s fascinating geologic history.
Population: 24,447
Average age: 35.6
Median household income: $74,341
Average commute time: 17.7 minutes
One-bedroom average rent: $925
Two-bedroom average rent: $1,100
Mandan possesses a distinctive allure rooted in its rich history and scenic landscapes. As the seat of Morton County, this town has deep historical ties, especially with the indigenous tribes of the area, and remnants of this legacy can be found in places like Fort Abraham Lincoln State Park, once the home of the 7th Cavalry.
The city’s picturesque setting along the banks of the Missouri River presents countless opportunities to enjoy the great outdoors, from boating to fishing, ensuring residents are never short of nature-infused activities. Downtown Mandan offers a delightful selection of shops, restaurants and events, bringing the community together in celebration and camaraderie.
Population: 15,750
Average age: 37.9
Median household income: $49,038
Average commute time: 12.2 minutes
One-bedroom average rent: $790
Two-bedroom average rent: $780
Affectionately known as “Buffalo City,” Jamestown earned its moniker thanks to the presence of the National Buffalo Museum. This connection is made even more tangible by the presence of a live herd, including the famous rare white bison, residing on the edge of the city.
But the bison isn’t Jamestown’s only claim to fame. The city is adorned with the Jamestown Reservoir and its series of lakes, giving residents and visitors ample space for boating, fishing and kicking back under the North Dakota sun. Meanwhile, the historical 1883 Stutsman County Courthouse provides a glimpse into the area’s past, reflecting the city’s enduring commitment to preservation.
Population: 6,559
Average age: 39.7
Median household income: $54,629
Average commute time: 15.4 minutes
One-bedroom average rent: $470
Two-bedroom average rent: $590
Recognized as one of the best places to live in North Dakota, Valley City carries the charming title of “City of Bridges” with pride. This nickname comes from the many historic bridges that span the Sheyenne River, each with its unique design and story, creating picturesque vistas throughout the town. These bridges not only serve as functional connectors but also as a symbol of the city’s commitment to preserving its architectural legacy while fostering connections among its residents.
Surrounded by the scenic beauty of the Sheyenne River Valley, the city provides a tranquil environment complemented by resources for fishing, hiking and more. Valley City State University adds to the town’s dynamic energy, infusing it with academic prowess and events.
Population: 7,182
Average age: 40.7
Median household income: $40,037
Average commute time: 14.3 minutes
One-bedroom average rent: $565
Two-bedroom average rent: $645
Devils Lake holds a magnetic appeal with its beautiful lake and the plentiful outdoor adventures it offers. The town is enveloped by the stunning beauty of the Devils Lake Basin, which not only provides a haven for anglers, boaters and nature enthusiasts but also reflects the town’s resilient spirit in adapting to the lake’s fluctuating water levels.
The community in Devils Lake is closely knit, with residents taking pride in their hometown, enthusiastically supporting local businesses and coming together for numerous annual events. The town’s historic downtown area, coupled with its many shops and restaurants, provides a serene setting for leisure and socializing. Education is given prominence, with the local college serving as a hub for learning and community events.
Your new North Dakota apartment awaits
North Dakota stands out as a state that seamlessly merges gorgeous vistas with dynamic communities. For those seeking a mix of nature, history and modern attractions, North Dakota is a top contender.
The best places to live in North Dakota beautifully capture the state’s unique appeal, making every resident feel right at home. Whether you’re captivated by the historic bridges of Valley City or the fishing paradise of Devils Lake, there’s no question that there’s an apartment in North Dakota that’s perfect for you.
IndyMac Chief Executive Michael Perry passed on an option to buy one million shares of company stock, according to an SEC filing released today.
Perry noted that he made the decision without encouragement from the Board, in the belief that the options could be made available to a greater number of IndyMac employees and serve as a way to motivate and retain staff.
“I proposed the cancellation of these vested options because I believe it is in the best interests of IndyMac and its shareholders, said Perry. “While I am confident that in the long run the options would have had significant value to me personally…I saw that there was much greater value to IndyMac and its shareholders in being able to spread these options more broadly among many people at IndyMac rather than having them concentrated with one individual.”
“However, with the strong potential upside that I believe exists in our stock if we are able to continue to successfully navigate our way through the current environment and turn around our financial performance, these options will provide strong incentives for the people who are doing great things for IndyMac to stay with us and help us fight our way through the current crisis, he added.
“In so doing, I believe that granting these options more broadly will help to accelerate our return to profitability.”
Perry said he will not receive any compensation for the cancellation of said options, and no additional grants of new options other than those already specified will be arranged in the future as result of this action.
“The housing and mortgage markets continue to be very challenging, and IndyMac Bancorp, Inc. and its principal operating subsidiary, Indymac Bank, continue to pursue measures to prudently return the Company to profitability,” the filing said.
Shares of the residential mortgage lender, which specializes in Alt-A mortgages and jumbo loans, have fallen nearly 90 percent over the last year, were up 13 cents, or 3.38%, to $3.99 in afternoon trading on Wall Street.
It’s unclear if employees themselves are interested in the company stock, given the current climate and uncertainty about IndyMac’s future as a going concern.
Dave Stevens, CEO at Mountain Lake Consulting and former president and CEO of the Mortgage Bankers Association(MBA), said the current rate environment “is what’s crushing the mortgage industry and grinding it to a halt.”
“This is a really tough one because it’s an inflationary recession, where the Federal Reserve is having to actually contract the economy by driving interest rates high,” Stevens added. “…This is going to be the hardest, slowest winter, and you’re going to have a hard time finding anybody who’s old enough to remember a period that was this hard.”
Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.”
“I was speaking to someone the other day who said, ‘If you’re in this business [mortgage lending], I can’t see a downside to a recession.’”
Industry consolidation underway
Hale said he would not be surprised to see 40 to 50 merger and acquisition (M&A) deals play out over the next six months.
“I think there could be some big deals,” he said. “And to be blunt, I’ve been in conversations around deals that I think would be shocking, but nothing’s transacted yet.
“… I can tell you that I have two [potential M&A deals] that I’m leading currently. I have four more that I’m in negotiations on representing buyers, and in some cases, buyers who might be interested in multiple transactions, and I think I’ll know the results of those [talks] in the next couple of weeks.”
Ludden said what he sees ahead is the thinning of the mid-sized IMB ranks due to mergers and acquisitions as well as a thinning of the smaller IMB players, many of whom will “become brokers or just dissolve.”
“In our pipeline of deals underway, the vast majority involve [lenders with] $500 million to $5 billion in annual originations, and it’s as big of a pipeline as we’ve ever had,” Ludden said. “…There are roughly 1,000 lenders [IMBs], and our expectation is that probably 70% of them are sub-$500 million [in annual origination volume].
“I think you’re going to see a lot of them transition to brokers.”
He said of the remaining 300 or so IMBs with $500 million or more in annual origination volume, “it’s not unreasonable to assume that group will be whittled down to 150 or 200.”
Ludden said much of the consolidation is expected to take place via M&A deals involving IMBs in the $500 million to $2 billion range in annual originations.
“So, we’ll be much more top heavy [at the end of this cycle], with the remaining three-quarters of IMBs in that group [of 150 to 200] being in the $2 billion-plus category [due to mergers and acquisitions],” he said.
Ludden added that in many cases, the M&A deals ahead will be handled quietly without press announcements, and that “nobody ever sees” to guard against recruiting headhunters luring away the loan officers of companies being acquired prior to deals closing.
Stevens stressed that financing costs are prohibitively high right now and, in most cases, are not favorable for leveraged buyout deals.
“The guys who are doing buyouts now are going to be buying with their own cash,” he said. “I don’t think anybody’s going to borrow to buy, … so, that limits the pool of buyers.
“… There are some folks who were very successful in 2020 and 2021, generated huge portfolios and have retained earnings, probably, in large part, from servicing, and they didn’t buy corporate jets or things of that sort,” Stevens added. “These are the folks who are buying right now, and I you know because some of them are my clients.”
Loan officers going away
Data from InGenius shows that the average number of active IMB and bank loan officers with valid Nationwide Mortgage Licensing System (NMLS) licenses dropped 49% between the third quarter of 2021 and the second quarter of 2023 — from 181,656 in Q3 2021 to 89,094 in Q2 2023.
Mortgage-origination volume between 2021 and yearend 2023, however, is projected to drop 63% — from $4.44 trillion to $1.64 trillion, according to the MBA’s forecast. Hale said he thinks that 2023 origination forecast may even turn out to be on the high side.
“… We’re in the business of giving data for recruiting, and we’re still growing as a company because the haves [the healthy IMBs] are buying data … to go after the have-nots’ [loan officers],” Walton said. “There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.”
Hale added: “I’ll bet you a dinner that by February [2024], those [LO] numbers are down by 20,000 to 25,000 from where they are now because [NMLS license] renewals in all the states happen at the end of the year. A lot of originators or companies won’t pay the license-renewal fees at the end of the year for originators who haven’t closed a loan in the last six months.”
Hale continued: “… I worked for a guy at one time who said, ‘You know, you don’t know who’s not wearing swim trunks until the tide goes out,’ and the tide is now receding. We could be down to 60,000 to 70,000 originators by 2025.”
Walton said there is going to be more IMB consolidation this winter, adding that he doesn’t see any other outcome at this point. “Even if rates don’t go up [further], it’s going to get worse. And if they do go up, then it’s going to get really worse.”
Sevens said most acquisition deals taking place now involve lenders who might have gotten an up-front cash offer a year ago.
“Today, almost every originator has been losing money several quarters in a row,” he added. “And so virtually every deal being put on the table now is an asset-only, earn-out offer, with no money upfront, so they [the seller] get paid assuming the buyer makes a profit.
“So, the deals aren’t as attractive to sellers. …We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space. And some [IMBs] may just decide to get out of mortgage banking and become brokers, and some may shut their doors, so we’ll have to see how this all plays out.
Disruption opportunities
Walton stressed that as difficult as the winter ahead will be for the IMB industry, at the end of this dark period — which could last through next year, unfortunately — “there will be lenders who come out the other side of this in better shape than before the downturn.”
“Market disruptions create opportunities,” Walton said, adding “for IMBs that are structured right, this is actually an opportune time.”
Stevens added that a phrase coined at a recent MBA convention by Susan Wachter, a professor of real estate and finance at the University of Pennsylvania’s Wharton School, has now become a bit of an industry slogan: “Survive until ‘25.”
“We are going to see who the best leaders are in our industry by who survives this downturn,” Stevens said. “…A lot of people thought they were really good at this business in 2020 and 2021, and they got really arrogant based on their success, some becoming multi-millionaires or billionaires during that period of time.
“But if you couldn’t be successful then, you shouldn’t have been in any business because rates went to 3%, and you could refinance the world and make a great margin. Now, we’re going to separate the winners from the losers in terms of who’s really built for long-term survival.”
Stevens added that those IMBs that do make it through this dark period “are going to have the strongest management quality.”
“And we’ll probably end up with a much stronger industry on the backend of this [downturn],” he said.
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Interest rates on certificates of deposit play an important role for some savers. CDs’ fixed rates can offer guaranteed returns for terms of several months or years. And locking in a high CD rate can mean earning strong yields even if the economy enters a low-rate environment. Here’s an overview of where CD rates might be headed.
Are CD rates going up?
Yes, but CD rates are rising more slowly this year than in 2022. Here’s a quick comparison: From January to October 2022, the best one-year CD rates rose from around 0.50% annual percentage yields to 3% APY. But from January to October 2023, the top one-year CD rates climbed from mid-4% APY to mid-5% APY, according to a NerdWallet analysis. Despite the slowdown, these rates are some of the highest in more than a decade.
Bread Savings™️ CD
Term
1 year
Barclays Online CD
Term
1 year
Discover Bank CD
Term
1 year
A big reason for the current rising-rate environment is the frequency with which the Federal Reserve has increased its federal funds rate. The Fed pushes up the target range of this Fed rate, which is the interest rate banks use to borrow money from each other, as one tool to curb inflation. Since March 2022, the Fed has raised its rate 11 times, with more increases in 2022 than in 2023. The last increase occurred after the Fed’s July 25-26 meeting
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Banks generally adjust their rates on new CDs in the same direction as Fed rate changes. Credit unions — the not-for-profit equivalent to banks — similarly raise rates on their CDs, known as share certificates.
“Rates are going up, but for CDs, [they’re] going up faster for credit unions than at banks,” says Dawit Kebede, senior economist at Credit Union National Association.
CD rate trends
High-yield CDs tend to be at online banks and online credit unions, which have rates that are whole percentages higher than national average CD rates. For example, the national averages are 1.79% for one-year CDs and 1.38% for five-year CDs. Top one-year yields are above 5%, and the best five-year CD rates are closer to 4%.
Short-term CD rates remain higher than long-term rates, for national averages and among high-yield CDs, according to a NerdWallet analysis. This phenomenon, known as as an inverted yield curve, can reflect that banks expect that future interest rates are headed downward.
CD rate forecast: 2023-2024
The Fed meets two more times this year: Oct. 31-Nov. 1, and Dec. 12-13. The likelihood of the Fed raising its rate in November is very low, but nearly one in four projections suggest that the December meeting will likely end in a small increase of 25 basis points, or 0.25 percentage point, according to the CME FedWatch Tool on October 24. CD rates may see a slight bump if the Fed pursues that increase, though it’s up to each bank and credit union as they consider rate changes to attract more deposits.
But 2024 might be the year that rates start to fall. The Fed’s fight against inflation is more likely to end in what’s known as a soft landing instead of a recession in 2024, according to a September forecast from the American Bankers Association’s Economic Advisory Committee. The committee consists of chief economists from some of the largest U.S. banks
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“If we have a soft landing scenario, where there is no significant damage to the economy, there is no reason for the Federal Reserve to keep rates up [at] a very restrictive range,” says CUNA economist Kebede, referring to the Fed rate’s target range. “By mid-next year, we may be closer to [the] inflation target, and then maybe the Fed will start cutting rates after that,” he says, noting that the direction of inflation or the labor market can affect this projection.
When the Fed rate drops, CD rates will likely drop too. But the drops might not be as drastic as they were after March 2020, when the Fed cut its rate to nearly zero. The Fed rate may drop more gradually over the next few years, according to the Fed’s September economic projections
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Take advantage of today’s CD rates
Lock in CD rates sooner than later. CDs are typically best for specific goals, such as protecting some savings from inflation’s effects or earmarking a fixed sum for a large purchase within five years, such as a car or house.
Don’t forget about specialty CDs. If you’re unsure about getting a CD now, some types of CDs offer flexibility. Bump-up CDs allow you to increase the rate at least once during a CD term, as long as rates on new CDs go up. No-penalty CDs give you a fixed rate plus the opportunity to jump ship for free.
Consider a CD ladder to hedge your bets. A CD ladder strategy reduces the stress around timing your CDs. Split up an investment equally into several CDs of different term lengths, such as one year, two years and three years. When each CD matures, reinvest in a longer-term CD or, if you need the cash, withdraw. Ideally, though, you can have multiple long-term CDs that mature at staggered intervals. You mix short-term CD access with long-term rates.
Compare other short-term ways to save and invest. For more everyday savings with the same low risks as CDs, consider a high-yield savings account or money market account, which have top rates above 5% APY. Or, if you’re looking to invest, consider more ways to invest your savings.
Delaware may be one of the nation’s smaller states, but it certainly packs a punch in character and opportunity. From its strategic location on the East Coast and tax-friendly policies, to its vibrant communities and natural beauty, there is much to appreciate about life in the First State. However, like any location, living in Delaware has its share of drawbacks. In this Redfin article, we will look at what it’s like to call this state home, exploring the unique pros and cons of living in Delaware. So whether you’re looking for homes for sale in Wilmington, apartments in Dover, or just want to learn more about the area, join us as we embark on a journey through the First State.
Pros of living in Delaware
1. No sales tax and other great tax benefits
One of the standout advantages of living in Delaware is the absence of a state sales tax. This unique feature sets Delaware apart from many other states in the U.S. Residents of the “First State” can enjoy tax-free shopping, making their dollars stretch further and saving significantly on everyday purchases, big-ticket items, and even luxury goods. Additionally, the state does not tax Social Security income, and no inheritance or estate tax exists. These favorable tax policies contribute to a lower overall tax burden for individuals and families, offering an attractive financial incentive for those who appreciate keeping more of their hard-earned income.
2. Proximity to major East Coast cities
Delaware’s prime location on the East Coast offers a significant advantage to its residents. Positioned between the bustling urban centers of New York City and Washington, D.C., Delaware provides quick and convenient access to these metropolitan hubs’ cultural, economic, and professional opportunities. The state’s well-connected transportation infrastructure, including I-95 and Amtrak, makes commuting or weekend getaways a breeze. This geographic advantage allows Delawareans to enjoy the benefits of living in a more relaxed and affordable environment, while still having the vast array of amenities and services of major cities just a short journey away.
3. Beautiful coastal areas
The state boasts a stunning stretch of coastline along the Atlantic Ocean, featuring pristine beaches such as Rehoboth, Bethany, and Dewey Beach, each with a unique character. These coastal havens offer opportunities for sunbathing, swimming, water sports, and scenic walks along the boardwalks. Additionally, Delaware’s coastal areas are home to picturesque fishing villages like Bowers and charming beach towns, each exuding a sense of nostalgia and offering delectable seafood dining options.
4. Historic charm and cultural heritage
As one of the original 13 colonies, the state boasts a rich legacy celebrated through numerous historic sites and museums. Delaware enchants residents with its rich tapestry of history, ranging from the charming colonial-era buildings in New Castle to Dover’s pivotal role in early American history. Its charming historic districts and landmarks provide a living connection to the past, while cultural festivals, arts communities, and educational institutions help foster a dynamic appreciation for heritage.
5. Sense of community
Delaware’s residents often praise the state’s strong sense of community, fostered by numerous small towns and close-knit neighborhoods. Communities frequently unite for local events, festivals, and volunteering, reinforcing neighborly bonds and nurturing a supportive, inclusive atmosphere. The state’s modest size maintains this sense of connection even in larger cities, ensuring a network of support and meaningful relationships. This pervasive sense of belonging significantly enriches residents’ quality of life, adding to Delaware’s charm and making it an inviting place to live.
Cons of living in Delaware
1. High cost of living in certain areas
While Delaware offers diverse, appealing features, including its tax benefits and coastal beauty, it’s not without drawbacks, particularly concerning the cost of living in specific areas. Sussex County, famed for its scenic coastal communities, experiences a cost of living approximately 3% higher than the national average, driven in part by the elevated demand for housing in these picturesque towns. The state’s median sale price, at $341,500, is lower than the national median of $412,001. However, the median sale price in Lewes soars to $596,000, underscoring the considerable discrepancy in real estate costs. This higher cost of living in select areas can pose financial challenges for residents, affecting housing affordability and everyday expenses but there are many affordable places to explore.
2. Limited public transportation options
One notable drawback of living in Delaware is the limited public transportation options, particularly in some less urbanized areas. While the state’s metropolitan regions offer some public transit services, like Dover, which has a transit score of 28, the coverage and frequency of these systems can be limited. This leaves residents in more rural or suburban areas reliant on personal vehicles for commuting and daily transportation. This lack of extensive public transport can lead to increased traffic congestion, higher commuting costs, and limited accessibility for those who do not own a car.
3. Extreme weather fluctuations
Delaware’s weather patterns are characterized by extreme fluctuations, which can be a considerable con for residents. The state experiences all four seasons, but their transitions can be abrupt and unpredictable. Winters can bring heavy snowfall and cold temperatures, while summers can deliver sweltering heat and high humidity. Although often pleasant, the spring and fall seasons can also be marked by sudden weather changes, including severe thunderstorms and even hurricanes in some years. These rapid shifts can challenge planning outdoor activities and dressing for the day.
4. Coastal flooding and hurricane risks
With a significant portion of the state’s population concentrated along the Atlantic coast, Delawareans are more exposed to the potential consequences of coastal flooding and hurricanes. During hurricane season, the state faces the risk of severe storms and rising sea levels, which can lead to flooding, property damage, and displacement of residents. While the state has implemented measures and emergency response plans, including potential evacuation protocols, the recurrent threat of hurricanes can be a cause for concern, impacting both homeowners and the overall quality of life.
5. Smaller job market
The number of job openings and career advancement prospects can be more limited than larger metropolitan areas. The state’s compact size also means that commuters often look beyond Delaware’s borders for job options, adding to the complexity of the employment landscape. Consequently, career growth and industry diversity can be challenging, making it more difficult for professionals in certain fields to find their desired positions within the state.
Pros and cons of living in Delaware: Bottom line
Ultimately, the decision to call Delaware home depends on individual priorities and preferences. For some, the state’s serene coastal beauty and tax benefits may outweigh the disadvantages. For others, the challenges may weigh more heavily. Ultimately, living in Delaware balances the pros and cons to create a unique and fulfilling lifestyle in the “First State.”
All of us have done some foolish things when we were just little kids. Most of those are only for fun and are seemingly safe. However, it’s not always the case; some of the things we do as children can have a greater impact on our childhood—or worse, they’re affecting us in still as adults. Here are 12 things people did innocently as children that affected their childhood. Let us know in the comments if you resonate with some of the things listed here!
1. Messenger Bags and Side-Bangs
Do you like wearing messenger bags? Having bangs when you’re a kid?
Well, one Reddit user shared, “I used to wear messenger bags in the 6th grade to be trendy, and wore my bangs to cover my left eye. Now I have borderline severe scoliosis from the weight of the bag being on one side, and my left eye is lazy.”
2. Playing Music Too Loud
One commenter said, “Wear headphones and play the music as loud as my walkman/discman would go. Now I have tinnitus.”
Another one replied, “Oof it’s rough! I have a particular day and time that I know I screwed my hearing up, and I’ve had tinnitus ever since.”
One Redditor added, “It’s literally what happened to me. I always used to get it would last like 30 seconds and go away. It would suck, but I always knew it would stop. And then… one night, I was sleeping, and it woke me up out of my sleep. It never went away. I’ve had it for 8 years now. Some days are bad, and some days I barely notice it. It’s always noticeable when I’m going to sleep. Just gotta learn to live with it, sadly.”
3. Not Brushing Your Teeth
Were you also lazy about brushing your teeth? Well it doesn’t take long for you to start having dental problems.
“Was too lazy to brush my teeth. My parents didn’t seem to notice if I did it or not. I’d probably only do it for like 30 seconds every other day. And only ever once a day. I’m now facing lots of expensive treatment and having to go to private because getting an NHS is nigh on impossible,” one user shared.
“Same. Spent over £3k sorting my teeth in my 20’s, from years of neglect. 12 fillings, two root canals and 3 years of braces. Decent enough teeth now thankfully, but could have [saved] much pain if I’d [brushed] and [gone to the dentist],” someone replied.
4. Lying on One Side Too Much
One Reddit user shared, “I used to use my laptop lying down on one side with my arm propping up my head, for hours and hours. I have permanent back alignment issues.”
Another user replied, “I still do this when I’m tired, and it always ends up with a first rib subluxation. I’m used to doing it, though, it’s a tough habit to break.”
Another one added, “I have always leaned on my right side, and now I have tendinitis in my rotator cuff, and I’m only reminded not to lean if it starts hurting shortly after I start leaning that way.”
5. Finding Safe Places
Some of us have had a terrible childhood, and sadly, most of those memories and defense mechanisms we’ve come to use as children will still greatly affect us in adulthood.
One person stated, “Hide in small spaces to get away from my abusive parents. Now whenever I’m panicking, I try to look for small spaces to hide in and will panic more if I can’t find one.”
The second person replied, “The feeling of despair I get when I realize there’s nowhere for me to hide is terrible. It’s like being stuck in the middle of the ocean. I’m sorry you experienced the same thing.”
6. Being Antisocial
While you may have enjoyed your own company as a child by playing video games all day, it may ultimately significantly impact your adulthood.
One Redditor stated, “Being an introvert and staying home playing video games all the time, now that I’m 28 don’t have any friends, the loneliness is getting worse.”
Another one replied, “Oof I feel this. I never really learned how to be social and make lasting friends. At least I found a husband who also avoided everyone and played video games lol.”
One commenter said, “I kinda feel this, but I don’t regret the gaming. It was fun. And I still made lots of friends when I went to college, who I still hang out and play games with. Maybe I’m just lucky, but you might find some luck too if you manage to find people who share your interests.”
7. Wearing Bad Shoes
“Wore nothing but chucks and flats from age 12 to my late twenties and now my feet are messed up,” someone shared.
“Really? How is that harmful?” another user asked.
“No arch support,” someone replied.
A fourth commenter added, “No. Humans were never made to need arch support. Muscles in the foot should be strengthened by use (barefoot walking). Now we need arch supports because we smash our feet so dang narrow and reshape the foot with modern footwear our feet are literally deformed. Hence the need for supports, cushioning, toe spring, shoes with heel drop, etc.”
8. Not Showing Emotions
One person shared, “Hid my emotions because I was trying to be ‘manly.’ Now I have psychological issues from trying to be someone other than myself, not to mention high blood pressure, back and neck pain, hair loss, and a number of other ailments.”
Then the second person replied, “I’m sad that the older generations were taught that men shouldn’t ‘have emotions’, I’m glad it’s being realized that everyone has emotions, we’re not robots after all! I hope you find peace.”
9. Eating Your Feelings
Do you binge eat when things get too complicated and too much to handle? While it can help you a bit when dealing with stress, it actually does more harm than good.
“I have a weird relationship with food from binge eating so much and my dad basically getting us McDonald’s on the daily. I’m not overweight, but I’m definitely unhealthy and steadily gaining more weight than I’m comfortable with. Cooking somewhat healthy meals at home is easy for a week, then I fall back into my old ways.”
“Put a stop to it now seriously i was raised on McDonald’s and Burger King. I’m 32 and literally… I’m the fattest I’ve ever been. Just got a trainer, and his reaction to my soda intake was an eye opener,” someone replied.
10. Staring at the Sun
Do you remember staring at the sun when you were a kid? Well, you’re not the only one.
“I don’t know why, but I stared at the sun wearing 3d glasses for a minute or two. Now, when I close my left eye, the white walls are very slightly reddish. When I close my right eye, the white walls are very slightly bluish. Definitely damaged some cones in my eyes,” shared one person.
11. Bullying Others
One person stated, “I was a bully. A horrible bully. And I live with shame every day of my life because of it.”
The second person replied, “You can’t undo your past, but you can work on doing some ‘good’—help the underprivileged, something for the environment, kids, animals… Lots of ways to give back to society and feel better. Make it happen!”
A third commenter added, “Think of it this way: the fact that you feel bad about it now means that you have grown as a person. You know how bad you were before and have the knowledge of how to be good now. A lot of people don’t come to this realization in their whole lives, so you did something special.”
Do you have similar experiences you’d like to share? Let us know in the comments.
Source: Reddit.
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