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The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.
The United States Department of Veterans Affairs doesn’t have a minimum credit requirement for loans. However, private lenders are usually more favorable to applicants with a credit score of at least 500.
The United States Department of Veterans Affairs (or VA for short) doesn’t have set credit requirements for loans. Yet, “What is the minimum credit score for a VA loan?” remains a common question. This is because there are private lenders who also offer VA loans—and who typically have specific credit requirements for borrowers.
Most private lenders are willing to work with applicants who have at least a 500 credit score. The higher your score, the more likely you are to obtain a loan. Here, we’ll discuss the nuances of credit scores and the military‘s requirements for VA loans. We’ll also share how Lexington Law Firm can assist you on your credit-building journey.
Key takeaways:
- The VA has a special debt relief program for veterans.
- Veterans can qualify for unique loans.
- The Servicemembers Civil Relief Act only applies to active-duty members.
The minimum credit score for a VA loan
The VA doesn’t require a minimum credit score for loans. Private lenders, however, will use your credit score to gauge your eligibility and set your interest rate. Applicants with higher credit scores tend to receive better rates, and private lenders tend to look favorably on applicants with good credit scores (670 – 739, according to the FICO® model).
That said, it’s still possible to get a loan with bad credit. Applicants with low credit scores can make a higher down payment if they have the capital to do so. Applying with a cosigner is also another valid alternative; lenders will look at the creditworthiness of both signees when deciding whether or not to approve you.
What are the VA loan eligibility requirements?
VA loans have unique qualifiers besides credit scores that applicants will need to keep in mind. Since the Department of Veterans Affairs primarily works with service members who’ve already retired, many active-duty service members may not be eligible for VA loans.
Below, we’ll break down the eligibility criteria for VA loans by category.
Credit and income Information
We know the VA doesn’t have strict limits on credit, but they do require proof of income. Applicants will also have much better odds if their debt-to-income ratio is below the 44 percent threshold.
Discharge status
So long as an applicant wasn’t dishonorably discharged from service, they are eligible for a loan. Unless a service member was deemed insane when they were charged, title 38 of the United States Code (38 U.S.C. § 5303) states that individuals are susceptible to a statutory bar to benefits if they were released or discharged for any of the following reasons:
- Was sentenced to a general court-martial
- Was a conscientious objector and refused to comply with lawful orders of competent military command
- Deserted their post
- Resignation by an officer for the good of the service
- Being absent without official leave (AWOL) for a consistent period of 180 days or more
- Requested release from service as an alien during a period of hostilities
Certificate of eligibility
You’ll need a certificate of eligibility (COE) to apply for a VA home loan. Once you gain a copy of your discharge/separation papers, you can request your COE by mail, phone, through a lender or via the VA’s online portal.
Military service status
The requirements for this category will vary depending on your relationship with the military.
- Active-duty service members: Must have 90 consecutive days of service.
- Veterans: Must have 90 days of service during wartime or 181 days of service during peacetime.
- National Guard or Reservists: Are required to have 90 days of active duty service or six completed years of service.
- Spouses: Spouses of deceased or disabled service members.
Occupancy requirements
The VA has specific occupancy requirements to deter people from misusing their loans. VA loans are intended for primary residences, not investment properties or vacation homes. To that end, applicants can only secure VA for their primary residence and will need to submit proof of homeownership in most instances.
Applicants will also have 60 days after closing on a property to move in and occupy it as their primary residence. In certain circumstances (such as if an applicant is on active duty), this 60-day window will be extended.
What are the benefits of using a VA loan?
VA loans provide a host of advantages to anyone who can secure them. Several examples include:
- No down payment: If you can secure a VA loan for your home, you won’t be required to offer a down payment. Applicants who want to lower their interest rate will still have the option to place a down payment.
- Low-interest rates: Because VA loans are backed by the government, they traditionally come with some of the lowest interest rates available.
- PMI isn’t required: Once again, thanks to government backing, VA loans let applicants save money by forgoing private mortgage insurance (PMI).
3 simple ways to improve your credit
We’ve established that private lenders prefer applicants with good credit. FICO, one of the most respected credit reporting companies in the world, defines good credit scores as any that fall between 670 and 739.
If your score isn’t already in that range, here are a few strategies to help you along the way.
Regularly make your payments on time
FICO considers payment history to be the most important factor when determining what affects your credit score. VantageScore®, a credit reporting company founded by Equifax®, Experian® and TransUnion®, also holds payment history in high regard.
Missing a payment can drastically hurt your credit. On the other hand, consistently making payments on time, even if it’s just the minimum payment, will steadily yield positive results.
Maintain a low credit utilization rate
Credit utilization looks at your credit borrowing trends—your current balances compared with your total credit limit determines your credit utilization rate for a given period. FICO and VantageScore urge borrowers to keep their utilization rates below 10 percent, though 30 percent and below is the next best option.
Dispute errors on your credit report
Errors can appear on your credit report that can dramatically lower your credit. It’s possible to challenge these errors and potentially have them removed, though many people may need help handling credit disputes.
Lexington Law Firm works to help people address these errors on their reports. Plus, we can also contact the major credit reporting bureaus on your behalf.
Monitor your credit with Lexington Law Firm
Low credit scores may make it harder to secure a VA loan. However, it’s never too late to improve your credit and bolster your eligibility. Lexington Law Firm offers unique credit repair services for veterans and service members whose credit may have altered during their time in the military.
Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.
Source: lexingtonlaw.com
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Hey, I’ve just been featured on CNBC and I want to say hello to all of my new readers. You can read the CNBC article here – 34-year-old mom dropped $50,000 to cruise the world with her family: ‘It was some of the best money I ever spent’ If you are a new visitor –…
Hey,
I’ve just been featured on CNBC and I want to say hello to all of my new readers.
You can read the CNBC article here – 34-year-old mom dropped $50,000 to cruise the world with her family: ‘It was some of the best money I ever spent’
If you are a new visitor – welcome to Making Sense of Cents!
I have received many emails about how I was able to afford this trip. I have a free How To Start A Blog course that you can sign up for here. I also talk about this below and how I’ve been able to earn over $5,000,000 blogging over the years.
If you want to read more about my world cruise trip, I recommend reading Around-The-World Cruise With A Kid (25+ Countries In 4 Months!).
Here are some blog posts that you may find helpful and enjoy:
If you have any questions, please leave a comment below or send me an email.
Thanks for stopping by.
-Michelle Schroeder-Gardner
—-
In addition to reading the CNBC article linked above, I also want to talk about how I grew a blog that has earned me over $5,000,000. I know I will get a lot of questions, so I figured it’s best to lay it all out right here 🙂
What started as just a hobby turned into one of the most life-changing things I’ve ever done – that’s starting my blog, and learning how to make money with it.
Since learning how to monetize a blog over 10 years ago, I have now earned over $5,000,000 from my site. This is still hard for me to believe, and I’m the one who’s lived it!
In the beginning, all I was doing was tracking my own personal finance progress as I finished school and started paying off my student loans. Blogging was a very new concept to me at the time – I heard about it from a magazine – and people were just learning how to monetize blogs back in 2011.
Most bloggers started back then with display ads and sponsored posts, but the options have only increased.
Because of all of the new ways to make money blogging, like affiliate income and selling your own products, you can make somewhat passive income as a blogger.
Passive income is my favorite way to make money because it makes blogging even more flexible and something I can do as I work from home, travel, and work whenever I want.
Blogging has changed my life for the better, and I’m now earning thousands of dollars a month doing something I love.
Learning how to monetize a blog takes work and time, but it’s 100% possible to do. I started earning money after just six months of blogging, and I didn’t even set out to make money when I created Making Sense of Cents. Just think of the potential if you start out knowing that making money blogging is possible!
Starting my blog is one of the best things I’ve ever done for my work, personal, and financial life. And, I urge anyone who is interested to start a blog and learn how to monetize it.
How I earned my first income from blogging
Many of my readers have heard this story, but I love sharing it because I started out like many of you, except I had no idea that blogs could make money. When I started Making Sense in August of 2011, I simply wanted a way to keep track of my financial progress and meet others who had similar goals.
As I started getting to know other bloggers in the community, a blogger friend of mine connected me with an advertiser who was willing to pay me $100 for an advertisement.
I couldn’t believe someone would pay me $100 to advertise on my site!
While it wasn’t a lot of money, especially considering the amount of time and work I put towards my blog in those 6 months, it was very motivating to see that something I loved doing could actually make money.
After that first $100, I started doing a lot of research on how to monetize a blog, and my blogging income quickly grew from there.
One year after I started my blog, I was earning around $1,000 a month, and I was making around $10,000 monthly two years after I started Making Sense of Cents.
My income only continued to grow, and I am still earning a healthy income from this website today.
How To Start A Blog FREE Course
If you want to learn how to monetize a blog and you haven’t started your blog, then I recommend starting with my free blogging course How To Start A Blog FREE Course.
Here’s a quick outline of what you will learn in this free course:
- Day 1: Reasons you should start a blog
- Day 2: How to determine what to blog about
- Day 3: How to create your blog – in this lesson, you will learn how to start a blog on WordPress, and my tutorial makes it very easy to start a blog
- Day 4: How to monetize a blog – this is where you learn about the many different ways to make money blogging!
- Day 5: My tips for earning passive income from your blog
- Day 6: How to grow your traffic and followers
- Day 7: Miscellaneous blogging tips that will help you be successful
This is delivered directly to your email inbox, and you will learn how to grow a blog from scratch.
Start with a plan for your blog
Sure, you can start on a whim, and that’s kind of what I did, haha.
But, I do think that creating a plan is a good idea if you want to learn how to monetize a blog. This can help you get an organized start, identify your blog’s niche, decide on your blogging goals, find opportunities for blogging income, and more.
It wasn’t until 2015 that I finally created a blogging plan (that’s 4 years after I started!), and my blog income grew significantly after that.
I credit that growth to creating a plan!
Having a plan would have been a huge help in the beginning, and I wish I would have started with one. I probably missed some income opportunities because I had no real plan or direction in the first couple of years.
Since creating a blogging plan, I became more focused on goals and motivated toward improving and building Making Sense of Cents.
Here are some questions that you may want to ask yourself when creating a plan for your blog:
- What will you write about on your blog?
- How do you want to make money with your blog?
- What will you do to reach readers on your blog?
- What are your goals for your blog?
Thinking about, researching, and answering these questions will help guide you on your journey and help you decide what to do next.
Write high-quality and engaging blog posts
Your blog’s content is extremely important. This will be what attracts your readers, has them coming back for more, earns you blogging income, and more.
Now, you don’t need to be an expert or need a degree to start talking about a subject, but you do need to be knowledgeable or interested in what you are talking about. And, always be truthful! This will show in your writing and actually help your readers.
To write high-quality content on your blog, here are some tips:
- Figure out exactly what it is that you’d like to write about and why you think the content is important. Being passionate about a subject will give you the motivation to write content that people want to read. Just think about it: If you don’t enjoy writing your content, then why should you expect someone else to want to read it?
- Ask your audience what they want you to write about. Many of my best ideas come from expanding on reader questions.
- Research your blog topics by reading news articles, going to a library, searching for statistics and interesting facts, and more.
- If your blog posts are more personal in nature, then dig deep and share your thoughts, and be personable in your writing – your readers want to hear your story!
- Write long, helpful content. Sure, some great content may only be a few hundred words, but to be as helpful as possible, long content is usually the best. My content is usually over 2,000 words, and this article is around 5,000. Now, you don’t want to just write a lot of fluff content in order to get more words in – you want to actually be helpful!
- Reread your content. I used to read my content 10 times or more before I would publish it. Now, I have an editor who makes sure I’m always publishing high-quality content.
Network, network, network
If you want to learn how to monetize a blog, then networking can be extremely helpful.
Networking can mean:
- Making friends with other bloggers
- Attending blogging conferences
- Sharing content that other bloggers have written
- Following other bloggers in your niche on social media
- Signing up for other bloggers’ newsletters
- Joining blogging groups on Facebook
Some bloggers don’t do any of these things and purely see other bloggers as competition. I don’t believe this is the correct way to approach blogging because you will hold yourself back immensely!
Networking is important because it can help you enjoy blogging (friends are nice to have, right?!), teach you new ideas (such as how to make money blogging or how to grow a blog), make valuable connections, and more.
Keep in mind that networking is even how I earned my very first $100 blogging. My blogging friend connected me with an advertiser, which helped changed my blogging journey.
I have learned a lot about blogging from the blogging community, and the people I’ve connected with have been a tremendous support as I’ve grown my blog.
Be prepared to put in a lot of hard work
Starting a blog is relatively easy. But, growing and learning how to monetize a blog takes a lot of work.
You’ll have to:
- Start a blog, design it, create social media accounts, and more
- Write high-quality blog posts
- Attract an audience of readers
- Monetize your blog
- Continue learning about blogging
- And more
Even when I was just a new blogger and had no plans of making money blogging, I was still spending well over 10 hours a week on Making Sense of Cents.
When I was working my full-time day job and earning an income from my blog, I was working around 40-50 hours a week on my blog on top of my day job!
Now that I blog full-time, my hours vary. Some months I hardly work, and there are other months that I may work 100 hours a week.
It’s not easy, and there’s always something that needs to be done.
But, I absolutely love blogging, which makes the hard work a little less tough.
How to monetize a blog: 4 different ways
There are many different ways you can monetize your blog, including:
- Affiliate marketing
- Advertisements and sponsorships
- Display advertising
- Create your own product, such as an ebook, course, physical or online products, and more
You could choose to monetize your blog using all of these methods, or even just one. It’s just a personal decision.
For me, I like to be diversified and monetize in many ways, so I do them all.
Below, I am going to dive a little deeper into each way to make money blogging.
1. Affiliate marketing
Affiliate marketing can be a great way to make money blogging because if there is a product or company that you enjoy, all you have to do is review the product and share a unique affiliate link where your readers can sign up or make a purchase.
In fact, this is my favorite way to monetize a blog. I enjoy it because it can be quite passive – I can create just one blog post and potentially earn an income from it years later. This is because even though a blog post may be older, I am still constantly driving traffic to it and readers are still purchasing through my affiliate links.
Affiliate marketing is a blog monetization method where you share a link to a product or company with your readers in an attempt to make an income from followers purchasing the product through your link.
Here are some quick tips so that you can make affiliate income on your blog:
- Use the Pretty Link plugin to clean up messy-looking affiliate links. I use this for nearly all of my affiliate links because something like “makingsenseofcents.com/bluehost” looks much better than the long, crazy-looking links that affiliate programs usually give you.
- Provide real reviews. You should always be honest with your reviews. If there is something you don’t like about a product, either don’t review the product at all or mention the negatives in your review.
- Ask for a commission increase. If you are doing well with a particular affiliate program, ask to increase your commissions.
- Build a relationship with your affiliate manager. Your affiliate manager can supply your readers with valuable coupons, commission increases, bonuses, and more.
- Write tutorials. Readers want to know how they can use a product. Showing them how to use it, how it can benefit them, and more are all very helpful.
- Don’t go overboard. There is no need to include an affiliate link 1,000 times in a blog post. Include them at the beginning, middle, and end, and readers will notice it. Perhaps bold it or find another way for it to stand out as well.
You can learn more about affiliate marketing strategies in my course Making Sense of Affiliate Marketing.
2. Advertisements and sponsorships
Advertising on a blog is one of the first ways that bloggers learn how to monetize a blog. In fact, it’s exactly how I started!
This form of blogging income is when you directly partner with a company and advertise for them on your website or social media accounts.
You may be writing a review for them, a tutorial, talking about their product or company, taking pictures, and so on.
If you want to learn how to increase your advertising-income, I recommend taking my Making Sense of Sponsored Posts course.
3. Display advertising
Display advertising is one of the easiest ways to make money blogging, but it most likely won’t earn you the most, especially in the beginning.
I’m sure you’ve seen display ads before. They may be on the sidebar, at the top of a post, within a blog post, and so on.
The ads are automatically added when you join an advertising network, and you do not need to manually add these ads to your blog.
Your display advertising income increases or decreases almost entirely based on your page views, and once you place the advertisement, there’s no direct work to be done.
If you want to learn how to monetize a blog through display advertising, then some popular networks include Adsense, MediaVine, and AdThrive.
Personally, I use AdThrive for my display advertising network. I don’t have many display advertisements on my blog, but it is easy income.
4. Sell your own products
Another popular way to monetize a blog is to create a sell your own products.
This could be an online product, something that you ship, and so on, such as:
- An online course
- A coaching program
- An eBook
- Printables
- Memberships
- Clothing, candles, artwork, hard copy books, and anything else you can think of
And the list goes on and on. I have seen bloggers be very successful in selling all kinds of things on their blogs.
What’s great about selling your own product is that you are in complete control of what you are selling, and your income is virtually unlimited in many cases.
I launched my first product about 5 years after I created Making Sense of Cents, which was a blogging course called Making Sense of Affiliate Marketing. I regret not creating something sooner because this has been an excellent source of income and has helped many people along the way.
Have an email list
If you really want to learn how to monetize a blog, I recommend that you start an email list from the very beginning.
I waited several years to start my email list, and that was a huge mistake!
Here’s why you need an email list right away:
- Your newsletter is YOURS. Unlike social media sites, your newsletter and email subscribers are all yours, and you have their undivided attention. You don’t have to worry about algorithms not displaying your content to readers, and this is because they are your email subscribers. You aren’t fighting with anyone else to have them see your content.
- The money is in your email list. I believe that email newsletters are the best way to promote an affiliate product. Your email subscribers signed up to hear what YOU have to write about, so you clearly have their full attention. Your email list, over any other promotional strategy, will almost always lead to more income and sales.
- Your email subscribers are loyal to you. If someone is allowing you to show up in their inbox whenever you want, then they probably trust what you have to say and enjoy listening to you. This is a great way to grow an audience and a loyal one at that.
- Email is a great way to deliver other forms of content. With Convertkit, I am able to easily create free email courses that are automatically sent to my subscribers. Once a reader signs up, Convertkit sends out all the information they need in whatever time frame I choose to deliver the content.
Attract readers
As a new blogger, you’ll want to find ways to attract a readership to your blog and your article.
No, you don’t need millions and millions of page views to earn a good living from blogging. In fact, I know some bloggers who receive 1,000,000 page views yet make less money than those with 100,000 monthly page views.
Every website is different, but once you learn what your audience wants, you can start to really make money blogging, regardless of how many page views you receive.
Having a successful blog is all about having a loyal audience and helping them with your content.
Even with all of that being said, if you want to learn how to monetize a blog, learning how to improve your traffic is valuable. The more loyal and engaged followers you have, the more money you may be able to make through your blog.
There are many ways to grow your readership, such as:
- Write high-quality articles. Your blog posts should always be high-quality and helpful, and it means readers will want to come back for more.
- Find social media sites to be active on. There are many social media platforms you can be active on, such as Pinterest, Facebook, Twitter, Instagram, TikTok, Youtube, and others.
- Regularly share new posts. For most blogs, you should publish content at least once a week. Readers may forget about you if you go for weeks or months at a time without a blog post.
- Guest post. Guest posting is a great way to reach a new audience, as it can bring new readers to your blog who will potentially subscribe to it.
- Make sure it’s easy to share your content. I love sharing posts on social media. However, it gets frustrating when some blogs make it more difficult than it needs to be. You should always make sure it’s easy for readers to share your content, which means your social media icons should be easy to find, all of the info input and ready for sharing (title, link, and your username tagged), and so on. Also, you should make sure that when someone clicks on one of your sharing icons the title isn’t in CAPS (I’ve seen this too many times!).
- Write better titles. The title of your post can either bring readers to you or deter them from clicking over. A great free tool to write better headlines is CoSchedule’s Headline tool.
- Apply SEO strategies. SEO (search engine optimization) is not something I can teach in this small section, but I go over it below in another section.
- Have a clean and user-friendly blog design. If you want more page views, you should make it as easy as possible for readers to navigate your blog. It should be easy for readers to find your blog homepage, search bar, blog posts, and so on.
Now, I also want to talk about helpful resources, courses, and more that can help you to learn how to grow your page views on your blog.
Below are some of my favorite blogging resources to help you improve your traffic:
Grow through SEO
SEO (search engine optimization) is how you get organic search traffic to your blog.
When you search a phrase on Google, you’ll see a bunch of different websites as the results. This is the result of these websites applying SEO strategies to their blog.
This is a great way for readers to find your blog, and SEO is important to pay attention to as you learn how to monetize a blog!
Below are some of my favorite SEO resources:
- Stupid Simple SEO: This is my favorite overall SEO course, and one of the most popular for bloggers. I highly recommend taking it. I have gone through the whole course, and I constantly refer back to it.
- Easy On-Page SEO: This is an easy-to-follow approach to learning on-page SEO so your articles can rank on Google. I have read this ebook twice, and it is super helpful.
- Easy Backlinks for SEO: This ebook will show you 31 different ways to build backlinks, which are needed for SEO.
- How To Get 50,000 Pageviews per Month With Keyword Research: This ebook shares the steps for keyword research so that you can get SEO traffic to your website.
Common questions about how to monetize a blog
Below, I’m going to answer some questions I’ve received about how to start a blog such as:
- How many views do you need to monetize a blog?
- How do beginner bloggers make money?
- Why do bloggers fail?
- How many posts should I have before I launch my blog?
- How many times a week should I post on my blog?
How many views do you need to monetize a blog?
The amount of page views needed to make money blogging varies, and there is no magic number that you should be aiming for.
This is because it depends on so many factors, such as how you will monetize your blog, your niche, the number of email subscribers you have, the quality of your website, and more.
You may see success with 10,000 page views a month, or you may see success with over 100,000 page views a month. It simply depends on the factors above.
How do beginner bloggers make money?
Beginner bloggers can make money in many different ways, such as display advertising, affiliate marketing, creating their own products, and sponsorships.
You can start any of these right from the very beginning.
Display advertising is usually the easiest way to begin monetizing a blog, but the payoff is not very high, especially in the beginning when your page views are not high.
How many posts should I have before I launch my blog?
I recommend just launching your blog as soon as you have one blog post and a design. Building a huge backlog of blog posts isn’t usually needed, and it can prevent you from ever getting started!
How many times a week should I post on my blog?
The more blog posts you have, then the more traffic you may get. That’s because it’s more opportunities to show up in Google searches or share your posts on social media.
I recommend publishing a new blog post at least once a week. Anything less isn’t advised.
Publishing blog posts consistently is smart because readers know to expect regular content from you.
Why do bloggers fail?
Bloggers fail for many different reasons. These reasons may include:
- Giving up too soon. It takes time to make money blogging, and sadly, many people give up just a few months into starting a blog.
- Not publishing consistently. I recommend publishing content at least once a week, as described in the previous section. Some new bloggers may go months without publishing, and this will take them much longer to make money blogging as they are simply not dedicating enough time to their blog.
- Not spending enough time learning about blogging. Blogging is not as easy as you may think. There is a lot to learn in order to make it work. You may need to learn about how to grow your blog’s traffic, how to monetize a blog, how to write high-quality content, and more.
- Not having your own domain and self-hosting. If you want to make money blogging, I highly recommend owning your domain name and being self-hosted. The longer you put this easy step off, the longer it will most likely take for you to make money blogging. You can learn more at How To Start a WordPress Blog.
And much more. Blogging is like any business – there are things to learn, things to improve on, and more.
How do I start a blog?
If you have any other questions related to starting a blog, I recommend checking out What Is A Blog, How Do Blogs Make Money, & More. In this article, I answer more questions related to blogging such as:
- How do I come up with a blog name?
- What blogs make the most money?
- How do you design a blog?
- How many views do you need to make money blogging?
- How many blog posts should I have before launching?
- How do I get my blog noticed by Google?
- How long until a blog makes money?
- How do blogs make money?
- How do bloggers get paid?
And more.
Please leave a comment if you have any questions.
Thanks for reading!
Source: makingsenseofcents.com
Apache is functioning normally
In a world where speed and convenience have been the siren song to consumers, there’s a movement toward buying more mindfully, sustainably, “slowly.”
You’ve heard of slow fashion. Slow food. Slow travel. And when it comes to the home, “slow decorating.”
A reaction against rooms filled with mass-produced “fast furniture,” slow decorating embraces a more deliberate approach that prioritizes a personal connection to the stuff we live with. It might mean giving new life to heirloom or found pieces. Or buying new things that have the quality to last.
The journey of creating a space is as important as the destination.
New York City designer Gideon Mendelson thinks the movement echoes the Japanese philosophy of “ikigai,” which centers around finding meaning and purpose. Applied to interiors, it’s about creating spaces that promote all-around well-being.
“To me, good design makes room for living and doing. Decorating with meaningful pieces isn’t about chasing an aesthetic, but curating spaces that resonate with authenticity and personal stories,” he says.
“It’s not just about how it looks; it’s about how you want to live.”
And you don’t have to spend a lot, he says. He framed some inexpensive yet eye-catching vintage deli signs, adding a playful element to the Hamptons dining room of a family of five.
The trend toward “slower,” more thoughtful interior design, Mendelson thinks, lies in subtleties: “The cherished heirlooms, and the intimate connection between a space and its inhabitants.”
TOSSING HAS BECOME TURNING
Fast furniture’s association with cheaper materials, excessive packaging and frequent replacement clashes with consumers’ growing interest in minimizing our lasting impact on the planet.
Now, we’re buying more mindfully, but we’re also having a lot of fun DIYing.
During the pandemic, slow assembly lines and stalled container ships meant a lot of brand-new homewares weren’t getting made or sent to market, so upcycling stuff we had or found became hobby, and often necessity.
If you could find a great credenza at a flea market or online reseller that just needed a little TLC, why not?
Not too long ago, decor trade shows would include a handful of studio labs offering reclaimed wood items and organic textiles. Today, at global fairs like Ambiente in Frankfurt, Salone in Milan and Paris’ Maison et Objet, hundreds of companies show new design made with environmental and social impact in mind. Fair trade manufacturing. Fast-growing renewables like hemp, bamboo and cork. Cushions made of soy-based foam instead of petroleum-based foam. Recycled glass and metal accessories.
Mid 20- and 30-somethings are seen as drivers of the slow design trend. TikTok and Instagram feeds are full of refinish-and-reveal videos, and modest abodes full of found treasures.
Stephen Orr, editor in chief of Better Homes & Gardens, says he’s spent the past couple of years renovating a 1760s house on Cape Cod.
“The first year was during the pandemic, so antiques and flea markets were a godsend considering all the supply chain disruptions,” he says.
“But during that process, we came to the realization that pieces with a patina of age better celebrate the house’s long history anyway.”
He also added some new, modern pieces “so it doesn’t look like we should be dressed in period Colonial Williamsburg costumes.”
SHOPPING TIPS
Furniture for sitting, sleeping and eating is where you should spend more money on quality, says Jillian Hayward Schaible of Susan Hayward Interiors.
“We encourage clients to invest in pieces like sofas/sectionals, beds, dining tables and upholstered items, because you can really feel the difference when these items are well-made,” she says.
Peter Spalding of the designer furniture sourcing platform Daniel House Club notes that imitations of Chippendale and other legacy-style pieces — think cabinets and wingback chairs, for example — were common in the ‘80s and early ’90s.
“Now, the imitations aren’t very valuable, but the originals remain highly sought after,” he says. “As you collect ‘slow furniture,’ buy the most authentic versions you can afford.”
Dan Mazzarini of BHDM Design and ARCHIVE echoes the advice.
“If you’re looking for a good investment, go straight to vintage. Things that have already stood the test of time often have another 50 years left in them! Side tables, desks, even cabinets are great pieces to look for,” he says.
Mendelson mentions a pair of vintage French plaster shell sconces in his Sagaponack, New York, home. He bought them 15 years ago “and they still feel fresh and relevant today.”
“I think a desire for one-of-a-kind and bespoke is at least starting a conversation about handmade,” he says. “Quality vs quantity. Living with intention.”
STORES ON BOARD
Many retailers are getting seats on the slow train. West Elm, for instance, was early among home retailers in joining Fair Trade USA, which ensures that suppliers maintain good workplaces and wages, and support their communities.
The global reforestation project One Tree Planted gets part of every purchase from furniture brand Joybird. Herman Miller’s rePurpose program gets used furniture to nonprofit organizations. And Ikea has initiatives like moving to bio-based glue, and instituting a buy-back/re-sell program that saw 230,000 items given a new life in 2022.
For the past five years, the United Nations Refugee Agency’s MADE51 initiative has helped artisans partner with fashion and home accessories businesses worldwide to create sustainable, fairly traded goods.
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New York-based writer Kim Cook covers design and decor topics regularly for The AP. Follow her on Instagram at @kimcookhome.
For more AP Lifestyles stories, go to https://apnews.com/hub/lifestyle.
Source: apnews.com
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Tucson is a scenic desert city that has a unique blend of natural beauty and new-age convenience. With its stunning sunsets, majestic saguaro cacti, and a thriving arts scene, Tucson is a place where you can truly immerse yourself in the beauty of the Southwest.
From exploring the historic downtown to hiking the surrounding mountains, Tucson has something for everyone.
Whether you’re searching for apartments in Tucson, homes for sale, or want to learn more about what Tucson is known for, this article is the guide you’ve been waiting for.
1. Saguaro National Park
Saguaro National Park showcases the iconic Saguaro cactus, symbolizing the American Southwest. The park is divided into two sections, East (Rincon Mountain District) and West (Tucson Mountain District), offering breathtaking desert landscapes, hiking trails, and more.
2. Fourth Avenue
Fourth Avenue in Tucson, the social heart of Tucson, is known for its eclectic mix of shops, restaurants, and bars. This thoroughfare hosts several street fairs and events throughout the year, drawing locals and tourists alike on a daily basis. Needless to say, no trip to Tucson is complete without a stroll down Fourth.
3. Stunning desert landscapes
Situated in the Sonoran Desert, Tucson boasts breathtaking natural beauty. The city is surrounded by majestic mountains, picturesque canyons, and unique desert flora and fauna. Visitors and residents alike can easily explore the beauty of the desert at a moment’s notice, making Tucson the ideal home for outdoor enthusiasts.
4. Steward Observatory
Steward Observatory, part of the University of Arizona, is a leading center for astronomical research and education. With its state-of-the-art telescopes and facilities, including access to the Large Binocular Telescope, it offers incredible opportunities for discovering the mysteries of the universe.
5. Tucson Gem and Mineral Show
The Tucson Gem and Mineral Show is the largest event of its kind in the world, attracting vendors, collectors, and visitors globally. Held annually in Tucson, it showcases an astonishing variety of gems, minerals, fossils, and jewelry.
6. Mt. Lemmon and the SkyCenter
Rising above Tucson, Mt. Lemmon is a cool escape from the desert heat and hosts the SkyCenter, an astronomical observatory known for its SkyNights stargazing program. The drive up Mt. Lemmon Scenic Byway is as breathtaking as the panoramic views and diverse ecosystems it passes through, making the journey almost as rewarding as the destination.
7. Sonoran Desert cuisine
As the first UNESCO City of Gastronomy in the U.S., Tucson celebrates its culinary heritage through dishes like the Sonoran hot dog, tamales, and mesquite flour pancakes. Local ingredients like chiltepin peppers, mesquite pod flour, and prickly pear cactus are staples, showcasing the unparalleled flavors and biodiversity of the Sonoran Desert.
8. Hispanic culture
With a strong Hispanic influence, Tucson’s culture is infused with traditions, celebrations, and flavors that reflect its rich heritage. From festivals to authentic Mexican cuisine, the city’s Hispanic culture is an integral part of its identity. Tucson’s embrace of its Hispanic roots adds a unique and lively dimension to the city’s cultural tapestry.
9. Biosphere 2
Biosphere 2 is a groundbreaking research facility designed to study ecosystems and the possibilities of creating self-sustaining environments for human space exploration. Managed by the University of Arizona, it offers tours to the public, providing a unique glimpse into scientific experiments that range from rainforest conservation to oceanic behavior.
10. University of Arizona
The University of Arizona is a premier public research institution that significantly contributes to the educational and economic prowess of the city. With a strong emphasis on innovation, the university offers a range of academic programs, research initiatives, and community engagement efforts. Beyond that, the campus is also home to a ton of museums, arts venues, and the Arizona Wildcats sports teams.
Apache is functioning normally
Owning a home is an integral part of the American Dream, but it can often feel more like a mirage to those wrestling with bad credit. The idea of being shackled by a poor credit score might have you convinced that the dream of homeownership is unattainable.
But here’s a plot twist — a poor credit score does not necessarily slam the door to your dream house. Yes, it might add a few challenges to the journey, but the path to homeownership is far from being erased.
In this article, we’re going to simplify the process and illuminate the steps you can take to make your dream of homeownership a reality, even with bad credit. So buckle up and prepare for a deep dive into the world of credit scores, mortgages, and the surprising possibilities that await you.
10 Steps to Buy a House With Bad Credit
Bad credit doesn’t mean a ‘no’ to homeownership—it just implies a more strategic approach is required. From understanding your credit situation and improving your score, to exploring different mortgage options and considering a larger down payment, there are several actionable steps you can take.
Let’s embark on this journey together, helping you turn the dream of owning your own home into a reachable reality, irrespective of your credit score.
1. Know Your Credit Scores
How low are your credit scores? Do you know what’s causing you to have poor credit? Or are you assuming it’s bad because of past financial missteps?
What is a ‘bad’ credit score?
What constitutes a bad credit score? Generally, the ranges are as follows:
- Excellent: 781 and above
- Good: 661-780
- Fair: 601-660
- Poor: 501-600
- Bad: 500 and below
So, if your credit score is 600 or lower, you’d fall into the subprime consumer category.
Check Out Our Top Picks for 2024:
Best Mortgage Loans for Bad Credit
How Your Credit Scores are Calculated
You should also have an understanding of how your credit score is calculated so you’ll know how much to improve it before applying. The five components are as follows:
- Payment history (35%): Do you make timely payments to your creditors each month? If you’ve missed several payments in the past, your credit scores could be suffering. And other past-due bills that became collection accounts also negatively impact your payment history.
- Amounts owed (30%): How much do you still owe creditors? If your debt-to-available credit or credit utilization ratio on revolving accounts is high, it could affect your credit scores.
- Length of credit history (15%): How long have you had credit? A more established credit profile could equate to a higher FICO score.
- Credit mix (10%): Do you have a healthy mix of revolving and installment credit? Lenders like to see a combination of both, and having several of one and not the other could lower your credit scores.
- New credit (10%): Have you recently opened several new credit accounts? If so, prospective lenders may see you as more of a risk.
How to Check Your Credit Score
There are several free options to choose from. However, you can start by contacting your bank to see if it’s a service provided to account holders, free of charge. Or if you have credit cards, check the statement or online dashboard as it may appear there.
Did you recently apply for a mortgage and were denied? Lenders must explain their decisions in a letter and disclose that you can request a copy of the credit report used to make the decision.
In some instances, the denial letter will explain the denial and the credit score the lender used during the evaluation process. Lenders use different algorithms and credit scoring models. However, you can use this number as a starting point.
Lastly, you can use credit monitoring tools, like Identity IQ and Identity Guard, to view variations of your credit score. They also offer great identity theft protection.
2. Rectify Errors in Your Credit Report
According to the results of a study conducted by the Federal Trade Commission (FTC), 20% of credit reports contain errors. But why does this matter? Well, what’s in your report determines your credit score. And there’s a possibility that an error could result in a low credit score and prevent you from obtaining a mortgage.
So, you’ll want to get a free copy of your report and review it from top to bottom. If you spot errors, take the following steps to have them rectified:
- Step 1: Print out a hard copy of your credit report and circle the items in question.
- Step 2: Draft up a letter of dispute to submit to the credit bureaus. For a template, click here.
- Step 3: Send the letter, the highlighted copy of your credit report, and any supporting documentation to the credit bureaus.
- Step 4: Follow-up in writing with the credit bureaus after 30 days if you still haven’t received a response.
If you need additional help with credit report errors, review this comprehensive guide from the FTC.
It can take a while for credit reports to reflect updates made by disputing errors. So, prepare to fix your credit at least a few months before applying for a mortgage. That way, you can ensure any positive changes have time to improve your credit.
What if everything is accurate?
There’s a possibility that a series of financial missteps or a rough patch has left your credit in shambles and the effects are lingering. If that’s the case, reach out to the creditors and request that they remove the negative mark from your credit report in exchange for a settlement of the account in question.
This is called a pay-for-delete agreement and can do wonders for your credit if the creditor is on board. But be sure to get the agreement in writing.
If the account is showing as a paid collection item, this approach won’t work since the account has already been paid off.
However, you can write a letter to the creditor explaining your circumstances and ask that they honor a goodwill adjustment so you can get approved for a mortgage. You may not have luck with either approach right away, but consistency could pay off.
3. Run the Numbers
Mortgage loans designed for consumers with subpar credit sometimes come at a higher cost. Why so? It’s all a matter of risk.
The mortgage lender wants to be protected if you default on the loan and the home goes into foreclosure. So, if you’re adamant about getting a mortgage with bad credit, be prepared for the financial implications.
To illustrate, assume you’re seeking a 30-year fixed-rate mortgage for $250,000. Below is an example of how the figures could play out, based on your creditworthiness:
CREDIT SCORE | MONTHLY PAYMENT | INTEREST PAID OVER LIFE OF LOAN |
TOTAL COST OF LOAN |
---|---|---|---|
Excellent Credit | 4% | $179,674 | $429,674 |
Good Credit | 5% | $233,139 | $483,139 |
Fair Credit | 6% | $289,595 | $539,595 |
Poor Credit | 7% | $348,772 | $598,772 |
And these figures don’t even factor in property taxes, homeowner’s insurance, and private mortgage insurance (if you make a down payment that’s less than 20%).
The good news is you can always refinance the loan at a later date when your credit score and financial situation improve.
4. Consider an FHA Loan
An FHA Loan is a great option for anyone who wants to buy a house with bad credit. These loans are issued by private lenders, but the loan is guaranteed by the Federal Housing Administration. This guarantee protects the mortgage lender from borrowers that eventually default on their mortgage.
FHA loans come with less stringent requirements so they are easier to apply for than a conventional mortgage. However, FHA loans tend to have higher interest rates and closing costs than conventional mortgages.
FHA Loan Requirements
That being said, there are a few requirements you’ll need to meet:
- You need a minimum credit score of 580.
- You must have proof of a stable monthly income.
- If your credit score is 580 or higher, you’ll need a minimum down payment of at least 3.5%.
- If your credit score is 500 or higher you’ll need a minimum down payment of at least 10%.
- The home you’re purchasing must be your primary residence.
There are other requirements you’ll need to meet to qualify for an FHA loan. These loans are capped at a certain amount, though this will vary depending on where you live.
You’ll also have to work with an FHA approved lender and pay private mortgage insurance (PMI), which will increase your monthly payment.
See also: FHA Loan Requirements for 2024
5. Consider a VA Loan
If you’re a veteran who has bad credit, then you may be eligible to take out a VA loan. VA loans are issued through private lenders, but the mortgage is backed by the U.S. Department of Veterans Affairs.
The program is designed to help veterans get back on their feet and has served as a lifeline for many struggling veterans. And VA loans have many advantages.
There is no down payment required, and you don’t have to purchase PMI. Additionally, there is no minimum credit score requirement. The interest rates are very competitive, and it’s fairly easy to apply for a VA loan.
VA Loan Requirements
However, there are a few requirements you’ll need to meet first:
- Active duty military or a veteran who was honorably discharged.
- You’ve served for at least 90 consecutive days during active wartime.
- You’ve served for at least 180 consecutive days during active peacetime.
- More than six years in the National Guard.
If your spouse died in the line of duty you may qualify for the VA loan program as well.
See also: VA Home Loans: Everything You Need to Know
6. Consider a USDA Loan
The USDA typically offers these no-down-payment mortgage loans in rural areas and lower-density suburbs. To qualify for a USDA loan, borrowers must meet income limits based on their household size and the median income of their county. You must also have a minimum credit score of 580.
See also: Guide for First-Time Homebuyers with Bad Credit
7. Explore Other Lending Options
If you aren’t a candidate for FHA or VA loans, you might consider alternative lenders. Loan aggregators like Lending Tree are a good way to determine if you qualify for conventional loan products.
Lending Tree won’t give you a loan but will match you with mortgage lenders that are willing to work with you. It only takes a few minutes to sign up on the company’s website, and you can receive mortgage offers from multiple lenders.
If you’ve been banking with the same financial institution for an extended period of time, you might also consider applying for a mortgage there.
Banks tend to have stricter lending requirements, but they may be willing to consider you for a mortgage based on your long-standing history with the bank. At the very least, it can’t hurt to try.
8. Save Up for a Down Payment
Lenders may be reluctant to approve you for a house with bad credit. And the higher the loan amount, the more risk they’ll have to assume.
It is more likely that you’ll be approved if you put down a large down payment, since the loan amount will be lower. Plus, you’ll save a bundle on interest.
So, how much should you save for a down payment? The standard 20% required for most conventional loans is a good starting point, but the higher, the better. (Plus, you may be able to avoid mortgage insurance).
It’s also a good idea to have as much cash in your savings account as possible. This demonstrates to lenders that despite having poor credit, you can handle financial emergencies or cover unexpected financial occurrences as they arise. It’s not necessary to stow away an entire year of income in the bank, but three to six months will suffice.
Worried about your credit taking a hit if you apply with several lenders? Don’t be. According to myFICO, “inquiries for mortgage loans generated in a 30-day window count as a single inquiry.”
So, if you shop around and apply with ten separate lenders in a 30-day window, your credit will only be impacted by one inquiry since FICO scoring models recognize that you’re conducting a home loan search.
10. Sign on the Dotted Line
Congratulations! You’ve done your homework, saved up for a down payment, and shopped around to find the lowest interest rate. Despite your credit troubles, you’ve done the legwork to buy the home of your dreams.
But if you weren’t as fortunate and found that it wasn’t the right time to buy, don’t fret. Be patient while working diligently to boost your credit score and get your finances in order.
Furthermore, be sure to make all your rent payments on time to show potential lenders that you are responsible and can handle your housing obligations. That way, you’ll have more luck next time around.
Source: crediful.com
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Inside: Discover the secrets to earning $200k a year. Learn to choose industries, negotiate salaries, and balance life with high-income careers.
Achieving a $200,000 annual income is a financial milestone that many aspire to reach, but not everyone knows how to realistically attain.
Whether you’re starting from scratch or looking to elevate your current earnings, the blueprint to a $200K income is within your grasp. It all begins with a strategic approach that leverages both a steady job and an entrepreneurial spirit.
Achieving a $200k salary is not just about luxury—it’s about stability and security. With rising living costs, including student loans, mortgages, and everyday expenses, earning a high income is increasingly vital to maintaining a comfortable lifestyle.
By combining the stability of a well-paying career with the dynamism of a side hustle, you can fast-track your way to this lofty goal.
In this comprehensive guide, we dive deep into a method that suits everyone to make $200000 this year.
You’ll learn how to harness your passions, manage your time and expenses, and create a foolproof plan that caters to your strengths and circumstances.
How to Make 200k a Year
Achieving this level of annual income is a significant financial goal that necessitates a well-devised strategy combining steady employment with entrepreneurial endeavors.
This is possible for anyone to do. You have been making 10k a month for a while now and want to make the leap.
You just must be steadfast in pursuing your goals.
#1 – Identify high-income skills and industries
The first step toward making $200k a year is to recognize the skills and industries that command such salaries. Technology and finance are prime examples where hard work and expertise can lead to impressive earnings right out of college.
Specialized skills in software development, cybersecurity, data analysis, and AI are highly sought after. Additionally, roles in investment banking, private equity, and hedge funds are lucrative but come with intense competition and long hours.
Identifying these prospects involves understanding market needs, so be prepared to continually adapt to the latest industry trends. I cannot stress how important these high income skills are for your income.
- Top Skills: Software Development, Cybersecurity, Data Analysis, Artificial Intelligence, Financial Analysis
- Top Industries: Tech, Finance, Consulting, Healthcare, Legal
#2 – Degrees and Courses That Could Lead to 200K Jobs
If you’re seeking a high-paying career, focusing your education in specific areas is crucial. Advanced degrees, such as a doctoral degree in medicine, law, business administration (MBA), or specialized engineering can pave the way to high-paying roles.
For those with a penchant for academia, pursuing specialized courses that lead to becoming a medical lawyer, dentist, neurologist, psychiatrist, or gynecologist can be extremely rewarding. However, keep in mind that these paths generally require significant time and financial investment in education before reaping the financial rewards.
However, there are plenty of low-stress jobs that pay well without a degree.
- Recommended Degrees: Medicine, Law, Engineering, Business Administration (MBA)
- Valuable Courses: Specialized Medicine, Corporate Law, AI & Machine Learning, Financial Management
#3 – Start a Business
Embarking on entrepreneurship is a thrilling yet challenging path to reach unlimited annual income.
To start a business that prospers, it’s essential to identify a market need and create a clear business plan. Whether you’re selling a physical product, offering a service, or thriving in the digital market through online marketing, e-commerce, or app development, dedication, and strategic growth are paramount.
Investing both time and capital wisely, and adapting to market feedback can help you scale your business to meet and exceed your financial goals.
- Investment Tip: Consider start-up costs carefully, and plan for lean operation.
- Growth Strategy: Focus on customer satisfaction, scaling smartly, and marketing effectively.
#4 – Advance in your current career
Climbing the corporate ladder within your existing professional environment is a viable route to a higher salary.
To do this, focus on excelling in your current role, continuously improve your skills, and demonstrate the value you add to the company. Seek out leadership roles, ask for challenging projects, and take on responsibilities that align with the company’s revenue-generating activities.
Remember, promotions often come with significant pay raises, and it’s essential to communicate your career goals with your employer to align your trajectory with the available opportunities. Just watch the number of working hours you put in.
- Key Strategies: Exceed performance expectations, take initiative, and pursue leadership roles.
- Professional Development: Continued education, certifications, and networking are critical for advancement.
#5 – Invest in real estate for passive income
Real estate investment remains a cornerstone strategy for building wealth.
Focusing on location is key; properties in high-demand markets can yield substantial returns through rental income and appreciation. Paying with cash rather than financing can lead to better deals and avoid interest payments, as debt can eat into profits.
Moreover, platforms like Fundrise allow investors to start with as little as $10, which could be a smart move if you’re seeking a hands-off investment with a diverse real estate portfolio.
- Investment Insight: Cash purchases may provide better deals, reducing financial risk.
- Real Estate Tip: Choose high-demand locations for better rental income and property appreciation.
#6 – Maximize income through stocks or other investments
Investing in the stock market through individual stocks, mutual funds, or exchange-traded funds (ETFs) is another way to potentially earn $200k a year. Dividends from some of these investments can also serve as a consistent income stream.
Consider focusing on industries poised for growth or stable dividend-paying stocks, as these can offer a balance between growth potential and income reliability.
Additionally, alternative investments such as cryptocurrencies or option contracts can offer high returns, but come with high volatility. Always conduct thorough research or consult with a financial advisor before making significant investment decisions.
Learn how to invest in stocks for beginners.
- Investment Strategy: Diversify your portfolio, focus on growth sectors, and consider enhancing your investment knowledge.
- Cautionary Note: Be aware of market risks and do not invest more than you can afford to lose.
#7 – Gain Relevant Experience in High-Demand Fields
To command a $200k paycheck, it’s essential to gain experience in fields where the demand for your skills exceeds the supply.
Industries such as technology, healthcare, and specialized consulting are in constant need of experienced professionals. Work on projects that showcase your expertise and build a robust professional portfolio.
You can also consider a side hustle like freelancing or consulting to gain a broad range of experiences that can make you an attractive candidate for high-level positions.
- Experience Building: Take on varied projects, freelance, or consult in your niche.
- Portfolio Enhancement: Document your successes and gather testimonials or recommendations.
#8 – Continuous Learning and Adaptability to Stay Ahead
In the dynamic job market, staying complacent can mean getting left behind. Cultivating a habit of lifelong learning and adaptability is crucial. Did you know you are an appreciating asset?
This may involve updating your skill set to keep pace with technological advancements, attaining new certifications, or attending industry conferences and workshops. Remember that cross-skills, like project management or business analytics, are also valuable and can complement your primary expertise.
Embrace change and be willing to pivot when necessary to maintain your competitive edge and earning potential.
- Professional Development: Seek out further education and certifications.
- Adaptability: Stay open to industry shifts and be ready to pivot your skills accordingly.
Careers That Make 200K a Year is Common
In certain careers, a $200K annual salary is not an exception but rather a common expectation.
Positions in healthcare such as surgeons, specialists, and anesthesiologists often offer salaries exceeding this amount. Moreover, top-level executives, experienced lawyers, and investment bankers are typically in the higher income bracket due to the high stakes and demands of their industry. In tech, senior software engineers and IT executives with strong track records in hot markets like Silicon Valley can command these salaries, too.
Success in these careers requires a combination of advanced education, considerable experience, and sometimes, the right location.
- Healthcare: Surgeons, Specialist Physicians, Anesthesiologists, Orthodontist
- Corporate: C-level Executives, Investment Bankers, Senior Legal Counselors
- Technology: Senior Software Engineers, IT Executives
- Skilled Tradesperson: plumber, electrician, HVAC contractor, mechanic
Definitely a leap from jobs that pay $25 an hour.
Key Factors in Landing 200K Jobs
Now, you must learn the key components to secure that $200000 + job.
Factor #1 – Choosing the Right Industry for Maximized Earnings
To maximize your earning potential, it’s vital to choose an industry known for its high salary caps, which are listed below.
- Tech Focus: Cybersecurity, AI, Machine Learning.
- Healthcare Focus: Specialized Doctors, Medical Consultants.
- Finance Focus: Investment Strategists, Financial Advisors.
- Legal Focus: Corporate Lawyers, Litigators.
Within these industries, focus on roles that are crucial to core operations, innovation, or revenue generation.
For tech, this might involve AI, machine learning, and cybersecurity. In finance, investment strategists and financial advisors are in demand. In healthcare, specialized practitioners command higher salaries whereas, in the legal field, corporate lawyers and litigators typically earn more.
Just to note… taxes will take a substantial amount out of your paycheck. So, you want to aim for $200k as net income.
Factor #2 – Climbing the Ladder: From Mid-Level to Top-Tier Positions
Transitioning from a mid-level position to top-tier status demands a proactive career strategy. Aim for roles that impact the company’s bottom line, such as project management or strategic planning, which often lead to executive positions.
Make sure to seek mentors who can offer guidance, and build a reputation for reliability and innovation. Networking within your industry can uncover hidden opportunities and give you a competitive edge.
- Strategic Positioning: Focus on profit-impacting roles and responsibilities.
- Career Growth: Network, seek mentorship, and demonstrate leadership capabilities.
Always aim to bring value to your organization, as this will be your leverage when seeking promotions and negotiating salary increments.
Factor #3 – Negotiation Tactics for a High Paying Salary
Securing a salary of $200k often hinges on your ability to negotiate effectively.
Begin the negotiation process by researching the standard salary for your position in your industry and region. Articulate your value by enumerating your accomplishments, experiences, and the results you can deliver.
Prioritize non-salary benefits that may be equivalent to a higher income, such as bonuses, commission, stock options, or flexible work arrangements. When discussing figures, aim higher to give room for negotiation.
- Research: Know industry salary benchmarks.
- Value Proposition: Clearly communicate your potential contribution.
Remember, negotiation is a dialogue, so listen carefully, be respectful, and maintain a professional demeanor throughout the process.
Factor #4 – Building Professional Relationships That Open Opportunities
Fostering robust professional relationships is key to unlocking high-paying roles, as connections can lead to opportunities that aren’t publicly advertised.
Networking is an art. It goes beyond just asking the question, “What do you do for a living?“
Actively engage with peers at industry events, be genuinely interested in others, and offer help before you ask for it. Maintain a positive online presence on platforms like LinkedIn, where you can connect with like-minded professionals and hiring managers.
- Networking: Engage in industry events and platforms like LinkedIn.
- Relationship Management: Nurture connections and seek meaningful interactions.
Don’t forget to nurture existing relationships – a recommendation from a trusted colleague can provide a significant edge in landing a coveted position.
Factor #5 – Cities and Regions with the Best High-Paying Job Markets
If you’re eyeing a lucrative salary, it’s strategic to consider the geographic landscape of high-paying jobs.
Major economic hubs like New York City, San Francisco, and Boston have dense concentrations of Fortune 500 companies and start-ups that offer competitive salaries, especially in finance and tech. However, these cities come with higher costs of living.
Comparatively, cities like Austin, Seattle, and Denver have burgeoning tech and business sectors with a more balanced cost of living.
- Economic Hubs: New York City, San Francisco, Boston.
- Balance Seekers: Austin, Seattle, Denver.
Consider looking for cities that have a vibrant job market in your industry, but a reasonable cost of living to maximize your income-to-expense ratio.
Factor #6 – Remote Work: A Gateway Being Global
The rise of remote work has opened a world of possibilities for professionals seeking higher salaries. You can work in a low cost of living country and still get a good income and save the rest.
With remote positions, you’re not limited by location and can work for companies with higher pay scales in stronger economies, practicing geographic arbitrage to your advantage. Sectors like tech, marketing, and design are ripe with remote opportunities that pay well.
- Geographic Arbitrage: Tap into stronger economies and work remotely.
- Global Accessibility: Utilize online platforms to access high-income roles worldwide.
To capitalize on this, enhance your digital presence, showcase your skills online, and engage with global job platforms. Also, consider the time zones and cultural work patterns of employers to ensure a smooth collaboration.
FAQs About Securing a 200K Job
What Jobs Pay 200k a Year Interest You?
Now that you’re equipped with knowledge about reaching a $200k salary, consider which roles resonate with your skills and passions.
Maybe you’re intrigued by the challenge of a tech startup, or the idea of saving lives as a healthcare specialist is what drives you. Perhaps the strategic element of financial planning appeals to your analytical side, or the autonomy of forging your path as an entrepreneur is a calling.
Remember, selecting a profession that not only offers financial rewards but also aligns with your interests and values is crucial for long-term satisfaction and success. High tech degrees are highly sought after right now.
The great part about making this amount of money is you can increase your savings rate, but that doesn’t mean you should leave beyond your means.
There are plenty of avenues that will have you making over six figures quickly.
Source
- Statistic. “Percentage distribution of household income in the United States in 2022.” https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/. Accessed February 28, 2024.
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Source: moneybliss.org
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When you ask people about their favorite season, few will likely say winter. However, there’s an undeniable sense of calm that comes with this period of hibernation, regardless if you live in a house in chilly Minneapolis, MN, or an apartment in Miami, FL. Even more unique is the feeling you get when the first warm breezes of spring arrive but winter still holds us in its mysteries.
In this article, Apartment Guide interviews expert candlemakers and sellers to find the scents that evoke both the coziness and moodiness of winter while also celebrating the promise of spring. We promise it will make scents as you keep reading!
Find harmony between dark and light
As the long, dark nights of winter shift to brighter days, the best winter-spring candle scents merge the moodiness of winter and the breeziness of spring. Try to find a candle that balances both vibes seamlessly.
“During this seasonal shift, I find that incorporating fresh citrus notes into my space provides a revitalizing touch reminiscent of the upcoming spring while still holding on to the cozy warmth of winter,” states Tianna Dean of Hummingbird Candle Company. “Blends of lemongrass, lime, and lemon top notes evoke a refreshing burst of citrus, symbolizing the awakening of spring, while the underlying notes of jasmine, black currant, and patchouli add a touch of warmth reminiscent of the lingering winter.”
Add a touch of aquatic fragrance
The pool is still closed, and you might not be ready to plan your beachside vacation quite yet. However, aquatic notes transport you to the relaxed feeling of lounging by the water.
“As the seasons shift, our my favorite transitional scent is our spring candle scent that evokes Oklahoma during a thunderstorm,” says Rico Smith of 46th State Candle. “With refreshing notes of eucalyptus, spearmint, and sea salt, it captures the invigorating essence of spring rain while still offering a hint of winter’s crispness, making it the perfect choice for transitioning between winter and spring seasons.”
Similarly, Jennifer Smyth of Modern Zen Candle Company notes: “Fragrances like sea salt and orchid orchestrate a coastal symphony, harmonizing sea salt’s crispness, jasmine’s soft touch, and tonka bean’s warmth — nature’s transition from chilly winds to the gentle caress of spring. For even more beachy vibes, bamboo and coconut whisk you away to a tranquil paradise with bamboo’s freshness, coconut milk’s creaminess, and pineapple’s sweetness—a scent that embodies a springtime escape.”
Opt for solar fragrances
AURA Candle Bar owner Linda Pendry suggests solar fragrances, or scent profiles evocative of tropical blooms. “Solar fragrances are top of mind as spring break plans interrupt the cold winter months with fragrances such as sea breeze, citrus facets of neroli or even the floral notes of olive blossom. Warmer base notes such as exotic agarwood, sensual driftwood, or smokey cedar lend themselves to grounding the fragrance as we all patiently await the longer days ahead as springtime unfolds.”
Try a combination of floral and woody notes
“I love burning candles that have a woody and floral scent with a hint of spice during the transition from winter to spring,” shares Reis Chester, founder of REISFIELDS NYC. “My go-to choice has a masterfully crafted blend of soft woody guaiac wood, fresh French roses, geranium, and violets. It is finally topped off with a subtle hint of black pepper and clove. Giving you the warmth of winter with the freshness of spring.”
“Our favorite scent for the transition months between winter and spring is a blend of dahlia and sandalwood,” says Nicola Hines of Candlish. “It reminds us of a lush wooded flower field in the spring and has a sophisticated and luxurious aroma that will uplift your mood. The comforting scent of slightly sweet base note sandalwood blends harmoniously with warm amber, light lemon zest, sultry jasmine, and yellow dahlia petals which gives off well-balanced and soft floral notes that are earthy and intriguing.”
Earthy and fresh scents win the season
From the crisp aroma of freshly cut pine to the grounding scent of damp earth after rainfall, earthy and fresh scents reign supreme this season.
“Most will gravitate to a floral-scented candle this time of year, but I’d recommend something with notes like white sage and lavender to cleanse the space of ghosts and emotional winter baggage,” says Jesse Regis of Virgins on Fire Candle Co.
Similarly, Kylie Antolini of Wildwood Candle Company recommends combining the freshness of earthy scents with the brightness of citrus to evoke a wooded meadow filled with flowers.
She says, “My favorite scents for transitioning out of winter into spring have a mix of grounding, earthy floral notes and brightness — for example, one of our candles has blended notes of ylang-ylang (grounding, floral), orange blossom (bright, floral), green fig (ripeness, rebirth, bright, green), and lavender (grounding, floral). It’s not only a wonderful year-round scent, but particularly wonderful coming out of winter, as our noses have missed smelling fragrant flowers in the sunshine.”
Or, as Wes at Milwaukee Candle Company says, “As winter surrenders to spring, lose yourself in the harmonious fusion of brightening citrus and comforting woodsy scents. The invigorating notes of blood orange signify nature’s awakening, while a deep, rich mahogany evokes the cozy embrace of winter. This blend effortlessly bridges the gap between winter hibernation and the blooming warmth of spring, creating a sensory experience that captures the essence of both seasons in perfect harmony.”
And if you want the earthy freshness that instantly reminds you of a luxurious spa, white tea takes the cake. Kianna Cornelia of Cornelia Home states, “Our favorite scent for the transition months between winter and spring is white tea. This aromatherapy fragrance promotes wellness and calmness, allowing you to enjoy a tranquil spa-like experience anywhere in your home.”
Find comfort with a sweeter fragrance
Though often thought of as solely winter candle scents, sweeter notes go with any season – so check in with your mood instead of the thermometer outside when it comes to finding a signature scent for March. And if we’re being honest – who isn’t in the mood for dessert, no matter the season?
According to Nose Best Candles, you can’t go wrong with gourmand scents, which are typically dessert-like scents like vanilla, almond, sugar and caramel. “When in doubt, go gourmand! The weather is so unpredictable during this time. So instead of trying to match the weather outside, find comfort in something like a snickerdoodle or banana nut bread. This will make your home smell like a 5-star bakery that you’ll never want to leave.”
Erika Whitus of Southern Charm Candle also chimed in: “When the holidays have passed, and we are in the cozy moments spent indoors waiting for the vibrant lively atmosphere of spring, our favorite scents are ones that combine elements of the fresh, sweet aroma of fruit with the warmth and comfort of a fresh-baked dessert. Juicy ripe strawberries, zesty lemons, or tropical bananas provide a refreshing burst of energy like spring itself whereas the comforting aroma of vanilla provides a grounding effect of waiting for your mom’s favorite recipes.”
Marry winter and spring with a musky scent
Fuse the essence of winter and spring with a musky scent, bridging the gap between the crisp chill of snow-covered landscapes and the burgeoning warmth of blooming flowers.
Ky Candle Company has a cashmere-blend scent, which is the perfect concoction to take you from winter to spring, according to owner, Sheena Bromagen. “It has warm, earthy notes of saffron and amber paired with the light floral fragrances of lily of the valley and violets. It’s rich and soft, calming and warm – a perfect scent all year!”
Or, as Tanisha Burke from Malaysian Lights puts it, “I have found the most favored scents between winter, and spring is something fresh and clean. My bestseller boasts notes of ozone, soothing musk, fresh flowers, and light coconut with a sandalwood base. The second scent that is found to be very popular between these seasons has plenty of cinnamon and vanilla. The cinnamon spice notes combined with rich, warm vanilla is a customer favorite.”
Experiment with olive
Pull out the olive scents if you want to try something refreshing and unique for the transition season. It offers an earthy balance of mellowness and warmth that lends itself to both winter and spring.
“Olive is my favorite fragrance for transitioning into spring!” says Clara Bailey from MacBailey Candle Co. “It is a complex fragrance that has a base of musk and vanilla, which bring in the cozy feelings of winter. The warm earthy middle notes add texture, while the top notes of orange and lemon bring in the fresh and clean notes of spring.”
Glenda from Palmetto Scent Studio recommends this right-now-ready scent, too: “As you prepare to transition your home from winter to spring, it’s important to take inspiration from the feelings we experience during this time of rejuvenation. Everyone’s anticipating the fresh, fragrant breezes to come, but there is still a slight chill in the air. Consider a scent that blends soft and cozy scents like cashmere with light, botanical notes like the sophisticated tea olive. These blends will help set a tone of anticipation as we await spring buds to emerge.”
Wow with deep, wood-forward notes
Whether you picture a large bonfire on a chilly night or a slow-burning fireplace in a cozy den, wood scents add to any winter scene. But did you know woody scents also transitioned well into warmer weather?
Alex at Kindred Homestead Supply notes how woody scents might evoke the season’s turn. “In this transitional period between winter and spring, the earthy blend of smokey oak, tobacco leaf, and a subtle touch of vanilla provides a comforting and enveloping atmosphere in our living spaces. These scents serve as a warm embrace, encouraging us to appreciate the restorative quiet of winter, while we eagerly look forward to the rejuvenation spring brings.”
Another expert adds her thoughts about this scent profile. “For us, it’s all about the blend of earthy, woodsy scents with a pop of floral freshness,” says Diane Mendoza of Never Alone Candles. “Think the floral vibrancy of lavender mixed with the earthy depth of oakmoss. It’s the perfect scent combo for transitioning from the cozy, reflective winter to the fresh, hopeful vibes of spring — like a breath of fresh air for your living space.”
Spring forward with flowers and citrus
Of course, you can skip the woody, spicy or sweet notes in your winter candle scents if you’ve been long-awaiting spring. We encourage you to go ahead and embrace every warm breeze – while lighting candles in scents that speed the next season along.
According to an owner at Gratus Candles,” Our favorite transitional scents from winter to spring would have to be a mixture of earthy, citrus and floral! This is because while our senses are use to those traditional winter fragrances filled with spices, earthy, and sweet notes, transitioning to fragrances that embody the warmer weather, such as: citrus and floral, while keeping true to those earth notes, will bring a familiarity to your visitors while easing them into the welcoming spring scents of the new season!
Caitlin Wheeler of Old North Candle Company explains this perfectly. “Our favorite way to transition from winter to spring scents is to focus on light, fruity blends. It feels too early to commit to floral scents, but most of the winter scents feel a bit heavy for this time of year. Fragrance notes of mint and chamomile are comforting on those lingering cold days, while mandarin and basil notes brighten up the scent to welcome in those airy, spring mornings.”
This sentiment seems to be echoed by other candle entrepreneurs, too. “Citrus and delicate floral fragrances are ideal for the season, as they offer a light, refreshing touch and harmonize beautifully when paired together,” posits Neosha Franklin, Owner & Candle artisan of Serene Nights Candle Co. “Our premier fragrance pick for the transition from winter to spring boasts a delightful fusion of citrus pear, cherry, and deep musk, creating an enchanting aroma perfectly suited for this season.”
In a similar vein, Two Chicks Candles’ owners Cassandra and Latoya Cargile chime in with their own poetic advice. “As we tiptoe into the whimsical realm of spring, let’s embrace the dance of melting snow and rejuvenating rain showers with aquatic delights like sea salt, ocean breeze, and the ethereal fragrance of exotic lotus flowers, elegant water lilies and delicate orchids — nature’s symphony of renewal.
These scents aren’t just whispers on the wind; they’re soul-cleansing reminders that winter’s grasp is fading, making way for spring’s gentle embrace. Embark on an aromatic journey where each inhale is a celebration of renewal and the enchanting allure of changing seasons. A blend of sea salt, lush green leaves, amber and freesia perfectly captures this transition.”
Source: apartmentguide.com
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In a fiercely competitive market, mortgage originators need to rethink everything to gain market share and become savvy.
From leveraging the latest in artificial intelligence (AI) and digital marketing to mastering financial literacy, mortgage and real estate professionals have come together to provide these skills to loan officers in a new book titled, “Rethink Everything: You ‘Know’ About Being A Next-Gen Loan Officer.”
Co-authored by social media coach Kyle Draper and FinLocker president and chief operating officer Brian Vieaux, the book brings together 39 mortgage and real estate professionals, with each individual elaborating on their expertise and strategies in separate chapters.
“Adopting an educator-first mindset, coupled with a willingness to reach, assist, engage and nurture early-journey first-time homebuyers, are the defining attributes of a next-gen loan officer. This book aims to empower mortgage professionals to cultivate these essential qualities,” Vieaux said.
The co-authors also launched the “Mortgages & More” podcast to invite feedback from mortgage and housing pros who weren’t able to participate in the book. The podcast has published more than 40 episodes to date.
A key feature of the book are QR codes in each chapter, which direct readers to exclusive videos where authors dive deeper into their subject matter.
The videos are designed to be interactive elements that enable readers to engage with the content on multiple levels.
“Participating in this book offered a unique platform to share the 4C framework that has been instrumental in my approach to building meaningful relationships within the mortgage industry,” said Richard Milligan, founder of 4C Recruiting.
“By emphasizing connection, content, communication and conversion, I share how authenticity and value-driven engagement on social media can transcend traditional business interactions. It’s about more than just business; it’s about fostering genuine relationships and creating a community where everyone feels valued and understood.”
To support the main themes in the book, the Mortgage Bankers Association (MBA) is hosting a series of webinars over the next six months, with the first scheduled for March 19.
Starting with the topic of strengthening personal branding, webinars will touch upon embracing technological advancements and mastering social media.
“This book, the podcast and the webinar series that goes with it are all about giving loan officers the new ideas and real-world tips they need to win today. It’s not just about knowing your stuff; it’s about sharing it in a way that clicks with people online,” Draper said.
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Source: housingwire.com
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As a stellar coastal North Carolina city, Wilmington often flies under the radar. But don’t let that fool you, Wilmington more than holds its own as a city with a unique blend of historical significance, coastal charm, and a surprisingly active film and television industry.
From the cobblestone streets of its historic downtown to the waves crashing against its beaches, Wilmington invites residents and visitors alike to explore its many dimensions. Whether you’re drawn by the call of the ocean or the chance to walk the sets of some of your favorite TV shows, Wilmington stands ready to surprise and enchant.
This article will take you on a journey through ten of the top things Wilmington is known for, offering a glimpse into the soul of this quietly remarkable city.
1. Historic River District
Wilmington’s Historic River District is a testament to the city’s past and present. With its picturesque riverwalk that stretches along the Cape Fear River, this area is a hub for history buffs. The district boasts a collection of meticulously preserved historic buildings, quaint shops, art galleries, and award-winning restaurants. Whether you’re taking a stroll to admire the sunset over the river or embarking on a guided tour to learn about Wilmington’s storied history, the Historic River District is a true can’t-miss Wilmington attraction.
2. USS North Carolina Battleship
Anchored across the river from downtown, the USS North Carolina Battleship stands as a mighty monument to America’s naval history. This World War II battleship, known as “The Showboat,” invites visitors to step aboard and explore its decks, living quarters, and command centers. The battleship is now a museum and a memorial for the North Carolinians who served and sacrificed during the war.
3. Airlie Gardens
Airlie Gardens is a tranquil escape into nature’s embrace, with 67 acres of beautiful gardens, walking paths, and historic structures. This botanical paradise is home to the famous 467-year-old Airlie Oak, seasonal blooms, and an enchanting butterfly house. Visitors can enjoy the peaceful surroundings, take part in educational programs or attend special events held throughout the year.
4. Wilmington’s film industry
Dubbed “Hollywood East,” Wilmington has earned a reputation as a favorite filming location for filmmakers and television producers. With its versatile landscapes, historic charm, and state-of-the-art production facilities at Cinespace Studios, the city has hosted the production of countless films and TV shows, including “Dawson’s Creek,” “One Tree Hill,” and “Iron Man 3.” Film enthusiasts can take studio tours, visit filming locations and maybe even catch a glimpse of a production in action.
5. Wrightsville Beach
Wrightsville Beach is Wilmington’s gateway to the Atlantic, offering pristine sandy beaches, crystal-clear waters, and a laid-back atmosphere. It’s a haven for water sports enthusiasts, with opportunities for surfing, stand-up paddleboarding, and kayaking. The beach also hosts community events, from marathons to surf competitions. Whether you’re looking to catch some waves or just soak up the sun, Wrightsville Beach embodies the quintessential East Coast beach experience.
6. Thalian Hall Center for the Performing Arts
Thalian Hall, one of the oldest theaters in the United States, continues to be a cultural center for Wilmington residents. This historic venue hosts a range of performances, from plays and musicals to concerts and film festivals. Stepping into Thalian Hall is like traveling back in time, with its ornate architecture creating an unforgettable backdrop for any show.
7. The Cotton Exchange
Shopping and history converge at The Cotton Exchange, a complex of restored historic buildings that once housed the world’s largest cotton export company. Today, it’s a shopping mall with a variety of local boutiques, restaurants, and cafes. The charming cobblestone streets and period architecture make shopping here a unique experience.
8. Cape Fear Museum
Cape Fear Museum, North Carolina’s oldest history museum, offers a deep dive into the region’s cultural, natural, and scientific history. With exhibits ranging from the prehistoric age to the present day, the museum provides a comprehensive overview of the area’s evolution. It’s an educational adventure for visitors of all ages, with interactive exhibits and engaging programs that bring history to life.
9. The Wilmington Railroad Museum
For those fascinated by the romance and technology of rail travel, the Wilmington Railroad Museum is a treasure trove. The museum showcases the history of the Atlantic Coast Line Railroad and its impact on the region. With model train displays, a life-size caboose, and a children’s interactive exhibit, it offers a fascinating journey through the golden age of railroads.
10. Masonboro Island Reserve
Masonboro Island Reserve is a hidden gem for nature lovers and adventurers alike. Accessible only by boat, this undeveloped barrier island is the largest undisturbed natural island along southern North Carolina’s coast. It provides a sanctuary for wildlife as well as a pristine environment for exploring, fishing, surfing, and bird watching. The island’s unspoiled beaches, marshes, and tidal flats offer a serene retreat and a chance to connect with nature in its most raw form.