Mardi Gras, distinct cuisine, music and nightlife are some of the draws that keep The Big Easy a favorite travel destination for people throughout the world. But you’re not looking for a fun weekend with your friends, you want to call New Orleans home.
That means you’re looking for the best apartments in New Orleans in the best neighborhood that will meet the needs and demands of your lifestyle. As a true melting pot, you’ll be able to find what you’re looking for. Whether it’s an immersive Creole experience or a slice of Europe, New Orleans has various neighborhoods full of colorful characters and fascinating stories.
Where to live in New Orleans
Unlike tourists, you won’t miss out on the things that make New Orleans a truly unique and amazing place to live. The proud collection of neighborhoods dispersed throughout the city. No matter if you’ve always dreamed of living in the most popular areas or are ready to discover the hidden gems that aren’t so hidden to residents. Get ready to live and breathe the real New Orleans.
Who’s coming with you?
Which one neighborhood characteristic can you not live without?
What’s your idea of quality downtime?
Which of these best describes your current life stage?
Your personal style could be best described as:
Which of the following is most important to you in choosing an apartment?
Where to Live in New Orleans
In Uptown, vibrant 19th-century residences dominate the streets, making it impossible not to fall in love with the gorgeous architecture. Though the quieter surroundings and views of the Mississippi River are enough to convince anyone to move to Uptown, there’s so much more to get to know about this area. If you need to live close to outdoor activity, Audubon Park and Audubon Zoo provide tons of options. The park has a two-mile walking and bike path and vast amounts of green space for picnics, a game of a catch or a relaxing day of sunbathing. The zoo has 2,000-plus animals and a water park. Living in Uptown also gives you a wealth of food choices, and any restaurant you walk into is a paradise for your taste buds.
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New Orleans East
Image Source: Willowbrook Apartments
New Orleans East is a massive area, sprawling with residential homes and has a far more suburban feel. Long ago, New Orleans East was nothing but marshland, which is why you’ll be able to enjoy the beauty and peace of the wetlands. Audubon Louisiana Nature Center has biking and walking trails that give families the opportunity to spot local wildlife and a planetarium! Take the boardwalk paths at the Bayou Sauvage National Wildlife Refuge to watch great blue herons and alligators. The area took a hit after Hurricane Katrina, but various economic development and community projects are in the works and the passionate community keeps residents current of all going on. A wonderful place for those looking for opportunities to make a difference in their community, New Orleans East welcomes you.
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The hotbed of activity in NOLA, the French Quarter is unlike any other neighborhood in the country. Historic, storied and extremely popular, The Quarter, as it’s referred to locally, is the heart of the city. Townhomes and cottages found in The Quarter have Creole- and Spanish-influenced architecture. The modest exteriors conceal decadent interiors and perfectly manicured courtyards awaiting renters inside. The world-famous Bourbon Street has apartments that provide amazing views of the city and the partying going on below. With a nightlife that lures so many residents and tourists, it has some of the best restaurants and bars, random gatherings and music as the nights go on. Nearby, the Audubon Aquarium has a must-see otter exhibit that kids and adults love.
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Image Source: 629 Atlantic Ave
The neighborhood of Algiers has sat right on the Mississippi River for 300 years. Unconnected to New Orleans, it’s accessible by a bridge and Ferry. Commuting to other areas in the city is easy with the Algiers Ferry, which gives you beautiful views of the NOLA skyline before dropping you off in the Quarter or Central Business District. Music and art lovers will love Algiers, too. There’s the Algiers Folk Art and Blues Museum which holds a festival in the fall and the Jazz Walk of Fame. The neighborhood streets have studios where you can learn new crafts, like glass blowing. What truly defines Algiers is the quaintness of it all — the coffee shops, the ferry ride, the Victorian cottages and urban community parks. It feels like a village instead of a New Orleans neighborhood.
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Image Source: 555 Chamberlain Dr
Typically ignored by tourists, Gentilly has a number of delicious restaurants, great places to shop and history like other areas in the city. Perfect for families and people who don’t want the high energy of other neighborhoods, Gentilly offers the University of New Orleans where art exhibitions and concerts are held. There’s also the Hellenic Cultural Center, which holds a very popular New Orleans Greek Fest. For those in the know, Gentilly has one of the best Mardi Gras parties, Krewe of Dreux – a huge informal outdoor party and parade. Located about 3 miles away from the French Quarter, Gentilly is not as walkable as other areas. There are major avenues with buses, but a car is the main — and probably best — way to get around if you live in this neighborhood.
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Moving to Garden District will put you on a street lined with oak trees, humming streetcars, apartments that look like mansions and actual mansions. Garden District is a historic neighborhood with the classic architecture of the city and plenty of eating and shopping options. Highly walkable, you can still take the St. Charles Avenue Streetcar which extends from downtown to Uptown and goes directly through the Garden District. Magazine Street is another win for those who move to Garden District. Brunch is on another level at some restaurants, where it’s available all day. More than a place to get food, Magazine Street is famous for the shopping it offers, too. Independent shops dominate, but with the crowd that lives near, chain stores are starting to expand their presence.
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Metairie has earned the distinction of being one of America’s Best Cities without technically being a city. So, needless to say, people who live here really enjoy what Metairie offers, specifically Old Metairie. Old Metairie is surprisingly walkable. You can easily make your way to the bank, gym and coffee shop in about two blocks. A quick run to the grocery store without a car in the suburbs is pretty amazing. For families, the number of schools and parks offered is shocking. There are programs for infants, part-time moms, public, private and even gifted programs. A night out is always needed, and even still, Metairie delivers without residents needing to leave the city limits. You’ll find an amazing food scene and high-end retail shopping.
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Image Source: Sawmill Creek Apartments
Suburban charm meets city convenience in River Ridge, where a happy balance of both is a perk of living here. Living near the Mississippi gives you a lot to enjoy in this suburb, including the Mississippi River Trail, which spans 3,000 miles and 10 states. It also connects you to other surrounding suburbs and is a favorite local place to watch the sunset. Zeringue and LaSalle Park have more trails to enjoy. A top priority in this suburb is schools. River Ridge, LA, is in the Jefferson Parish School System, which is highly rated. Kids will enjoy schools that prepare them well for college and any other future they choose.
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Rebecca Green is a content editor and writer for RentPath. She enjoys interior design, dogs and can tell you where to find the best pizza in Brooklyn. You can see some of her other published work on Apartment Guide.
Looking for jobs where you work alone? If you’re an introvert or simply want minimal human interaction, here are 40 ideas.
Looking for the best jobs where you work alone? If you’re an introvert or simply want minimal human interaction, here are 40 ideas.
With there being so many different types of jobs out there nowadays, more and more people are looking for jobs where they can be by themselves, away from the busy office or customers. They find comfort in jobs where they can do tasks on their own, letting them really concentrate and do well in what they do best.
For me, I have worked mostly alone for over a decade now, and I wouldn’t change it for the world. I enjoy the flexibility of working on my own and having less stress.
Jobs that let you work this way are usually appealing to introverted individuals, those who like a calmer setting, or people who just work better with more independence.
Knowing which jobs let you work alone is really important for those who want to find the right mix of being on their own and getting things done well.
Top Jobs Where You Work Alone
There are 40 jobs where you can work alone listed below. If you want to skip the list, here are some jobs that you may want to start learning more about first:
Benefits of Jobs Where You Work Alone
More and more people are looking for jobs where they can work alone, and I get it! I have been working mostly alone for over a decade and I really love it.
After all, a person spends so much of their time working, so you might as well like what you’re doing. If you’re an introvert, or if you like working by yourself, there are jobs where you can do just that.
Some of the positives of working alone include:
Less stress if you’re an introvert – If you’re an introvert, then you may feel stress when working with other people, such as coworkers and customers.
Getting more stuff done in less time – Working alone may mean that you can complete your tasks faster because there are fewer distractions.
Having a more flexible schedule – Some jobs where you work on your own sometimes let you choose when you want to work, as long as you get the work done.
If you’re looking for jobs where you work alone, think about what you’re good at and what you enjoy (and also think about what you don’t like!).
40 Jobs Where You Work Alone
Below are 40 jobs where you can work on your own. The jobs below range from earning a part-time to a full-time income too.
Proofreaders check and edit written content for errors and inconsistencies, and this job requires strong attention to detail and excellent grammar skills.
If you’re good at paying close attention to details, then proofreading could be an ideal work-alone job for you.
Authors, website owners, and students often hire proofreaders to improve their work. There’s a high demand for proofreaders, and you can find jobs through many different platforms.
Even the most skilled writers can make mistakes in grammar, punctuation, and spelling. That’s why hiring a proofreader can be very helpful for pretty much anyone and everyone.
If you want to find online proofreading jobs, I recommend joining this free 76-minute workshop focused on proofreading. In this workshop, you’ll learn how to begin your own freelance proofreading business.
Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year).
2. Virtual Assistant
One of my first side jobs was as a virtual assistant and it was a fun and flexible way to earn income. While you do have a boss when you are a VA, a lot of the tasks that you do will require you to take charge and complete them by yourself in your own home.
A virtual assistant is someone who helps people with office tasks from a distance. This could be from your home or while you’re traveling. It might include things like replying to emails, setting up appointments, and managing social media accounts.
This job can pay you more than $50,000 each year.
If you want to find part-time or full-time virtual assistant jobs, I recommend joining the free workshop called “5 Steps To Become a Virtual Assistant“.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
Bookkeepers are people who keep track of all the money-related things for businesses such as writing down sales, keeping a record of expenses, and making financial reports.
This is a job where you can work alone and a typical salary is $40,000+ each year. Plus, you’ll mainly be dealing with numbers and not people.
You can join the free workshop that focuses on finding virtual bookkeeping jobs and how to begin your own freelance bookkeeping business by signing up for free here.
Recommended reading: How To Find Online Bookkeeping Jobs
Blogging is a great way to make money while working on your own. It’s one of the reasons I really enjoy it, haha! I get to work by myself, for myself, and I can pick the projects I want to work on.
As a blogger, you write content for others to read online. You get to choose what you want to write about as well as how you want to make money blogging because there are so many different options (like affiliate marketing or displaying ads).
You can begin a successful blog about a specific topic like finance, travel, lifestyle, family, and many others.
Blogging is my main source of income, and it has completely transformed my life. I have the freedom to travel whenever I want, set my schedule, and be my boss.
Since I began Making Sense of Cents, I’ve made more than $5,000,000 from my blog. I earned this money by working with companies through sponsored partnerships, affiliate marketing, display ads, and selling online courses.
Learn more at How To Start A Blog FREE Course.
5. Delivery Driver
Delivery drivers pick up and drop off packages. And, they get to work by themself most of the time as they are in the vehicle alone.
A delivery driver may drive a car, truck, or even a bike, depending on the company they work for. They don’t usually have a boss watching them all day nor have to deal with very many customers for long periods.
6. Book Reviewer
Book reviewers read books and share their thoughts in book reviews.
There are websites where you can get paid for sharing your thoughts about books and you may earn money through PayPal or a bank transfer, and sometimes you get to keep the book you reviewed.
They don’t just want positive reviews either, they want to know what you really think! You see, authors and publishers like to send out free copies of their books so that they can get honest opinions. Just like us, they know it’s helpful to read reviews before deciding if a book is worth the time.
Some sites that pay for book reviews include Online Book Club, Kirkus Media, and BookBrowse.
Recommended reading: 7 Best Ways To Get Paid To Read Books
7. Deliver RVs or Cars
You can earn money by traveling across the country and delivering vehicles for people and dealerships. Sometimes you’ll be towing the vehicle, and other times you’ll be driving it.
If you want a job with minimal human interaction, this can be a good one to look into as you are mostly by yourself. You simply pick up the vehicle, drive by yourself, and then drop it off.
For this job, you need to have a clean driving record. Those who do this type of work can earn around $300 to $400 (or much more!) for each vehicle they deliver. It depends on the distance they are traveling and what is being transported.
8. Digital or Graphic Designer
A graphic designer is someone who creates designs for others, such as people and businesses.
As a digital designer, you may be making things like images, printables, planners, t-shirt designs, calendars, business card designs, social media graphics, stickers, logos, and more.
Recommended reading: How To Make Money As A Digital Designer
9. Pet Sitter and Dog Walker
Pet sitters and dog walkers take care of pets while pet owners are away, such as on vacation or in the hospital. Some of the tasks include feeding, taking dogs for walks, and playing with them.
You might have pets come to your home or you can go to their owner’s place (this is something that is agreed upon beforehand). Dog walkers earn around $20 for every hour walking a dog. Looking after someone’s pet overnight can earn a person around $25-$100+ or even more each day.
I have personally paid a person to watch my dogs overnight in their home $100 a day. She was so wonderful too and my dogs loved her.
Now, with this job, you’re not working entirely alone, because you will be with pets. But, they can be great friends and companions!
Rover is a company you can sign up with and list your dog walking and pet sitting services.
10. House Cleaner
House cleaners make sure homes and businesses are nice and clean. They might work alone or with a small group. They can earn between $25 to $50 an hour for cleaning for others.
You can work for a cleaning company, but you’ll likely make more money if you have your own business.
Starting this kind of business isn’t expensive because you likely already have the cleaning supplies you need. You can advertise your services on Facebook, tell your friends and family, or make an account on Care.com.
An online transcriptionist’s main task is to listen to video or audio files and then type out everything that is being said, a process known as transcribing. The aim is to accurately write down what is heard, without any mistakes in spelling, grammar, or punctuation.
There are many different types of transcriptionists as well – legal, general, and medical transcriptionists.
This job requires strong typing and listening skills, and you can work from home all by yourself.
Online transcriptionists earn around $15 to $30 per hour on average, with new transcribers on the lower end of that.
A helpful free resource to take is FREE Workshop: Is a Career in Transcription Right for You? You’ll learn how to get started as a transcriptionist, how you can find transcription work, and more.
Recommended reading: 18 Best Online Transcription Jobs For Beginners To Make $2,000 Monthly
12. House Flipper
House flippers buy, renovate, and sell properties for a profit. This job involves managing renovation projects, and you can work alone or with a small crew.
House flipping is when someone buys a property at a lower price, fixes it up (like painting, redoing the kitchen, and improving the outside appearance), and then sells it for more money to make a profit. This is done to make a quick return on the investment.
Recommended reading: 10 Best Books on Flipping Houses To Make Money
13. Grocery Shopper
Grocery shoppers buy groceries for people like you and me, offering a helpful service for those who don’t have the time or can’t shop on their own. You’ll work on your own and talk to clients through an app on your phone.
One service you can easily sign up with to become a grocery shopper is Instacart. This is a popular site for people who want to make extra money by shopping for and delivering groceries.
Instacart shoppers make money from a mix of base pay, tips from customers, and sometimes bonuses or rewards (like for finishing orders during busy times).
You can sign up here to get started as a grocery shopper with Instacart.
Recommended reading: Instacart Shopper Review: How much do Instacart Shoppers earn?
14. Affiliate Marketer
Affiliate marketers share products or services with their followers for a commission. You do this by placing a referral link on your website, blog, or social media (like Instagram). When people use that link to buy something, you then get a commission.
For example, if you share a link to a book on Amazon and someone buys it through your link, you make some money. Companies like Amazon want people like you to help them sell things, so they’re happy to work with you as it helps them.
If you get someone to sign up through your special link, the company gives you a commission for telling others about their product. It’s like a little thank-you for your help!
This is one of my favorite jobs where you work alone from home, and what I do full-time!
Click here to get Affiliate Marketing Tips – Free eBook.
15. Flea Market Flipper
Flea market flippers find underpriced items at flea markets, yard sales, and thrift stores, then resell them for a profit. This job requires a good eye for valuable items and the ability to research market value.
Finding items to resell may be one of the best jobs to work alone on this list because we all have things in our house we could probably sell. Plus, there are always things that you can buy for a low price and possibly resell for a profit.
If you are looking for work-alone jobs, this is a great one to look further into.
I recommend signing up for this great webinar, Turn Your Passion For Visiting Thrift Stores, Yard Sales & Flea Markets Into A Profitable Reselling Business In As Little As 14 Days, that will help you learn how to make money by flipping items as well.
16. Sell Printables on Etsy
Creating and selling digital printables on Etsy is a great way to work independently and earn money.
Making printables can also be a pretty hands-off job since you only have to create one digital file for each product, and you can sell it as many times as you like. It’s quite affordable to start because you only need a laptop or computer and an internet connection.
Printables are digital items that customers can download and print at home. They can include things like bridal shower games, grocery shopping checklists, budget planners, invitations, printable quotes for wall art, and patterns.
I recommend signing up for Free Workshop: How To Earn Money Selling Printables. This free training will give you great ideas on what you can sell, how to get started, the costs, and how to make sales.
Mechanics diagnose and repair vehicles, working independently or in small shops. Strong problem-solving skills and knowledge of automotive systems are important.
Being a mechanic is a job where you often work on your own. While they might work in a garage with other mechanics, they often have their own tasks to do. They need to be really careful and pay close attention to make sure everything gets fixed just right.
18. Dog Treat Baker
Do you really like dogs? If you do, here’s a way to work mainly alone and make an extra $500 to $1,000 or even more each month.
You don’t need to know how to bake beforehand, because you can learn this skill. You can make special treats like cupcakes, cookies, cakes, and more, all for dogs.
You can sign up for this free training workshop that shows how to start a dog treat bakery.
You can learn more at How I Make $4,000 Per Month Baking Dog Treats (With Zero Baking Experience!).
19. Amazon Seller
Selling items on Amazon is a job where you work alone (mostly) and don’t have to deal with customers face-to-face.
Even if you’re new to selling on Amazon, you can make money by selling household goods, books, electronics, and more.
If you’re interested in learning about starting an Amazon business, you can join this free training that will teach you how to sell products on Amazon and make around $100 to $500+ each day.
20. Stock Photo Photographer
Stock photo photographers work on their own, and this job can be done without talking to anyone for the most part. Almost all of the tasks can be done with just a camera and then uploading photos on a site.
Stock image sites are some of the most popular ways for photographers to sell their pictures. These are sites where customers can buy pictures for websites, TV shows, books, social media accounts, and more. There are stock photos that I have purchased within this blog post that you can take a look at to see an example.
One great thing about stock photo sites is that they can be a great form of passive income. You can take pictures, upload them, and earn money from an older photo for months or even years in the future. There is no need to talk to anyone as everything is online and mostly automated.
Some stock photo websites include Shutterstock, iStock, DepositPhotos, and Dreamstime.
Recommended reading: 18 Ways You Can Get Paid To Take Pictures
21. Social Media Manager
Social media managers post on social media accounts for businesses and their goal is to bring in new customers and help a business grow.
Social media managers may post a picture or a video of a product or the company, join in a viral trend to get more views (such as on TikTok), answer common questions from customers, and more.
This includes social media platforms such as TikTok, Pinterest, Instagram, Twitter, and Facebook.
Salary can vary, and this job can be done part-time or full-time.
A landscaper improves and maintains outdoor areas, such as by taking care of the lawn, planting flowers, or even renovating a whole outdoor area (such as to make it more enjoyable to sit outside and have company).
If you’re interested in jobs where you work alone outside, this is one to consider as you will be outdoors and working on your own a lot. Customers may talk to you occasionally, but you are mostly by yourself.
Landscapers work at houses, apartment complexes, businesses, or somewhere else.
23. Data Entry Clerk
Data entry clerks enter, update, and check information in databases or spreadsheets. They type information such as numbers and names into computers to keep things organized and recorded.
This job can sometimes be done remotely and alone, with minimal supervision or interaction with customers.
Data entry jobs typically pay around $15-$20 an hour.
Editors review and improve written content for clients and they usually work on their own as most of their time is spent editing content.
Their job is to read articles, blog posts, advertising, books, and more to make them better. They fix any mistakes in grammar or spelling and help the words flow smoothly.
Editors typically earn anywhere from $40-$60+ an hour.
25. Freelance Writer
Freelance writers write content for clients, such as blog posts, advertising, and more. Freelance writing jobs where you work by yourself are common as you’ll be given a topic to write about from the client, and when you are done you may be given some feedback (such as paragraphs to improve or add to). But, that is usually as much human interaction as you’ll get if you want.
You can find different writing jobs on platforms like Upwork and Fiverr, or even find clients on your own.
I was a freelance writer for many years before switching to working full-time writing here on Making Sense of Cents. It is a great career path where you can work from home mostly by yourself.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
Translators convert written content from one language to another, requiring fluency in at least two languages. Freelance and remote opportunities are available.
If you know another language, you might be able to find a work-from-home job where you can earn money by reading books and translating them. Another option is to get paid for proofreading or editing translated books to ensure they read smoothly and accurately.
There are lots of places you can find translation jobs, such as UpWork, Babelcube, Today Translations, Ulatus, Fiverr, and more.
27. Computer Programmer
Computer programmers write and maintain computer software, often working alone on projects.
They use coding to tell computers what to do and create all sorts of things like apps, games, and websites.
28. Canva Template Designer
Creating and selling Canva templates online allows you to work alone.
A Canva template is like a ready-made design that you can use for things like making posters, Pinterest pins, ebooks, or presentations. It’s like having a helpful starting point if you’re not super good at designing things from scratch. Canva templates come with empty spaces where you can put in your own words and pictures and you can also change colors and fonts to make them just how you like. They’re really helpful for people who want their things to look nice without spending a lot of time on it.
Making and selling Canva templates can be a great way to earn extra money as you only need to create them once, and then you can sell them as many times as you like.
Recommended reading: How I Make $2,000+ Monthly Selling Canva Templates
29. Voice Over Actor
A voice-over actor is the person whose voice you hear but don’t see in YouTube videos, radio ads, educational videos, and more.
Voice-over actors many times work right from their own homes!
Voice actors don’t need experience for this job (eventually, it does help, yes). Instead, they need to have a voice that the company is looking for.
Recommended reading: How To Become A Voice Over Actor And Work From Anywhere
30. Truck Driver
Truck drivers are people who move things from one place to another. To do this job, truck drivers need a commercial driver’s license (CDL). This job often involves working by yourself for long hours.
The salary for a truck driver can depend on things like what kind of items they’re moving and the miles they have to drive. Usually, they can make between $45,000 and $75,000 or even more in a year.
31. UPS Driver
UPS drivers deliver packages to people’s homes and businesses. They do this mostly on their own, in their trucks by themselves.
UPS drivers make a good income and they earn about $30-$45 per hour or even more, depending on how many years they have worked at UPS and where they work.
32. Security Guard
Security guards protect property and/or people, and they usually work alone.
A security guard’s salary depends on things like where they work, how long they’ve been doing the job, and what exactly they have to do. Usually, they can make between $25,000 and $35,000 in a year.
33. Self-Storage Facility Owner
Self-storage facilities are where people store their belongings, like boxes of their mementos, vehicles, RVs, and more.
Owning a self-storage business can be a way to make money and run a business with low expenses, plus they typically only have a couple of employees.
Many of the times when I’ve been to a self-storage lot, it’s been just the owner or an employee of theirs working. There are almost no customers either.
Recommended reading: How To Invest In Self-Storage For Beginners
34. Laundromat Owner
Similar to a self-storage business, a laundromat typically does not have very many employees.
Running a laundromat can be a way to make money, with low costs, as most things are automated (the washer and dryer machines do all of the washing).
Recommended reading: Are Laundromats Profitable? How Much Do Laundromats Make?
35. Get Paid To Text
When getting paid to text, you will many times be talking to someone else, but it is all done through text messages.
Some jobs may include:
Text Therapy or Coach
Answering questions, such as if you are a mechanic, doctor, lawyer, veterinarian, home expert, appraiser, computer expert
Recommended reading: 28 Ways To Get Paid To Text And Make Money
36. Survey Taker
Taking online surveys and answering questions for focus groups is not a full-time job, but it can be a way to make some extra money.
You share your thoughts and answer straightforward questions, and in return, you can receive cash or rewards such as Amazon gift cards.
The survey companies I recommend signing up for and the best-paying survey sites include:
American Consumer Opinion
User Interviews – These are the highest paying surveys with the average being around $60.
Recommended reading: 18 Best Paid Survey Sites To Make $100+ Per Month
37. Twitch Streamer
Twitch is a site where you can make money playing video games, talking online in a live stream, and more. A streamer may be able to make money from their own home and all alone. Yes, they do need to be live recording their life, but they are their own boss.
There are many ways to make money on Twitch such as with paid subscriptions, display ads, selling merchandise (like t-shirts and mugs), and more.
Some of the most successful Twitch streamers make hundreds of thousands or even millions of dollars each year, but, it’s important to know that most don’t earn much at all.
Recommended reading: How Much Do Twitch Streamers Make?
38. Litter Cleanup Worker
If you own a business, it’s important to keep your place clean and tidy. Nobody likes to see trash lying around, right?
That’s why some business owners are happy to pay for someone to clean up before their business opens for the day. A clean area makes the place look nice and welcoming for customers.
This business can be started all alone and earnings on average are about $30 to $50 for every hour you work. It’s pretty simple too. You’ll just need a broom, a dustpan, and some tools to help you pick up litter easily. It’s almost like taking a stroll while you work! Plus, you can choose when you want to do it, so it can fit nicely into your schedule.
Recommended reading: How I Started A $650,000 Per Year Litter Cleanup Business
39. Google Rater
A Search Engine Evaluator, also known as a Google Rater, is a person who looks at websites and blogs and gives them a score based on how good and helpful they are for Google.
You don’t need to be a tech expert or have a fancy background for this job. Google actually wants regular people, just like you, to rate websites. Plus, you can do this in your own language. Google works in lots of different countries, so you can help out right from where you are.
Recommended reading: How To Become a Search Engine Evaluator
An actuary is a financial expert who helps businesses figure out and manage their money-related risks, such as for insurance, pensions, and investments.
They use mathematics and statistics to forecast what might happen and help companies make smarter financial decisions.
Actuaries can earn a good salary, and as they get more experience and pass more exams, they can make even more money. Depending on where they work and how experienced they are, actuaries earn average salaries of anywhere between $70,000 to well over $100,000 each year.
Frequently Asked Questions About Jobs Where You Work Alone
Here are answers to common questions about finding jobs where you work alone.
What are jobs with no interaction?What jobs allow me to work by myself?
Yes, there are jobs where you don’t need to talk to people a lot. For example, being a night shift security guard, a transcriptionist, or a stock photo photographer.
How can I work alone from home?
There are jobs where you can work alone at home such as being a blogger, a transcriptionist, or a computer programmer.
What are jobs where you work alone with no degree?
Many jobs don’t require bachelor’s or master’s degrees (a high school diploma will work for many on the list above) and offer the opportunity to work independently. Mowing lawns, painting houses, repairing cars, or walking dogs often don’t require formal education and focus more on skills and experience.
Which part-time jobs are best suited for solitary workers?
Many of the jobs in this blog post can be done part-time, such as any of the freelance jobs, house cleaning, dog walking, and taking surveys. That is one of the joys of many of the jobs above – you can choose your schedule.
What trade jobs can one perform independently?
Trade jobs that you can perform independently include carpentry, welding, or plumbing. These professions usually require specific skills or certifications but may offer opportunities to work alone.
Are there any tech jobs ideal for people who prefer to work alone?
Yes, there are tech jobs that can work well for people who want to work on their own such as web developers, software engineers, or data analysts. These roles usually involve solving problems and working independently, though there might be some instances where collaboration is needed from time to time.
What jobs can be done in isolation with no experience required?
Jobs such as house cleaning, taking surveys, and flea market flipping can be good places to start for entry-level jobs.
How can I find work-alone job opportunities near me?
To find work-alone job opportunities near you, try perusing local job boards, classified ads, or online sites like Indeed or LinkedIn. You can also network with people in your community or join online forums related to your interests to find jobs.
Jobs Where You Work Alone – Summary
I hope you enjoyed this article on jobs where you work alone.
These jobs are like a safe space for people who like being by themselves. It’s a place where you can really concentrate and do your own thing with low social interaction. Jobs where you work alone often appeal to introverts and individuals who require fewer distractions.
Jobs like writing, coding, and freelancing let you work on your own. Not everyone may like working alone, but for those who do, it can be a lot less stressful and overwhelming.
I have been working mostly on my own for years now, and I really love it!
Are you a fan of the John Wick series? Well, you’re not alone! Seeing Keanu Reeves in action fighting the bad guys with his smooth movement combined with brilliant cinematography, the film surely earned a lot of fans.
Well, if you love action movies with a similar vibe to John Wick, here are 13 movies to watch! Go grab some popcorn now.
1. Bullet Train (2022)
One person said, “I enjoyed Bullet Train, a bit less serious than John Wick, but some pretty enjoyable action.”
Asecond person replied, “Bullet Train is like John Wick, Kill Bill, and Snatch had a baby.”
A third Redditor added, “I loved Bullet Train much more than I thought I would!”
2. The Raid: Redemption (2011)
“The Raid: Redemption is probably the best fit,” one person stated.
“1000% this. The Raid 1 and 2 and The Night Comes for Us are great! 3 of my all-time favorites,” somebody replied.
“Raid movies are some of the best action films of all time. Really glad Hollywood hasn’t tried to do a remake,” added another commenter.
3. The Night Comes For Us (2018)
Another Iko Wais film is recommended in our list.
One user said, “The Night Comes for Us. Not a perfect fit, but a real face melter of an action flick.”
Another one replied, “The Night Comes for Us is criminally underrated. Well, under-watched is probably more accurate. Most people that see it love it long as you’re not the queasy type. The movie has horror movie levels of gore. Lol.”
4. The Man From Nowhere (2010)
Somebody stated, “The Man from Nowhere. Great Korean movie.”
Another one replied, “This was John Wick before John Wick.”
A third added, “This is also my recommendation for OP.”
5. Shoot ‘Em Up (2007)
“Much campier, but Shoot ‘’Em Up,” said one person.
“Paul Giamatti is so good in that,” replied another.
“He hams it up even by Giamatti standards. So good,” added another.
6. Extraction 1 and 2 (2020 and 2023)
“I don’t remember 1 as well, but the gunwork in 2 was very similar to John Wick in parts. Vibe is very different, though,” one person stated.
“100% this. The gunplay action in both owed a lot to John Wick. Well worth a watch—#2 in particular is relentlessly high energy action,” the second person replied in agreement.
7. A Better Tomorrow (1986)
One Reddit user commented, “If you’re in for the gun play, I’d highly recommend John Woo’s work in the 80s and 90s. A Better Tomorrow I and II, The Killer, and Hard Boiled.”
Another commenter replied, “I was going to recommend John Woo’s 80’s/90s films too, Hard Boiled in particular is one of my favorite action films. I just watched the trailer to remind myself of how good it is, it’s a pretty decent demonstration of the action scenes.”
8. Hotel Artemis (2018)
“I really enjoyed Hotel Artemis,” one Redditor said.
“Ah, so you’re the other guy who watched that! I personally really enjoyed Hotel Artemis, but on the whole, audiences hated it even more than critics did. I think it was good fun, though,” replied the second person.
“I really liked it. We are three!” a third commenter added in agreement.
9. Polar (2019)
One person stated, “One that hasn’t been said, but I thought was pretty similar is many ways Polar!”
A second person replied, “Scrolled too far down to find this! Mads Mikkelsen was great in it!”
10. The Equalizer Series (2021)
“The Equalizer series,” somebody suggested.
“Surprised this is this far down. The Equalizer is to John Wick as Armageddon is to Deep Impact. Antz and A Bug’s Life. White House Down and Olympus Has Fallen,” replied another.
11. Upgrade (2018)
“I think Upgrade would scratch this itch. And by extension, The Invisible Man (2020),” commented one person.
“Upgrade is amazing!” replied another.
“Both of those movies are directed by the same dude and they are both awesome,” a third added in agreement.
12. Equilibrium (2002)
Someone suggested the sci-fi/action film with Christian Bale, “Equilibrium.”
Another one replied, “Second Equilibrium if the style of gun action appealed.”
A third commenter added, “Equilibrium had a pretty unique story, and the action sequences were top-notch.”
13. Atomic Blonde (2017)
Atomic Blonde is an action thriller film directed by David Leitch. Set in 1989 Berlin during the fall of the Berlin Wall, the film stars Charlize Theron as Lorraine Broughton, a top-level spy for MI6, who is dispatched to retrieve a list of double agents.
One person said, “Atomic Blonde is pretty good. Charlize even trained with Keanu while he was making Wick.”
Do you agree with the movies listed here? Let us know in the comments!
10 Actors Perfectly Cast for Their Character Roles
Have you ever watched a movie or show and been completely lost in it because of how well an actor or actress became their character? Check out this article for a whole list of actors who were perfectly cast!
11 Vampire Movies That Will Make You Thirst for More
You know that feeling where you’re on a movie kick in a certain genre, but you seem to run out of good movies to watch? Well, if you’re down for a vampire movie or three, check out this article for the best ones out there!
10 Incredible Movies That People Rated 10 Out of 10
It’s pretty hard to replicate the experience of watching your favorite movie for the first time, but we’ve put together a list of movies that people have rated at a perfect 10/10. Next time you need a good movie to watch, check this out!
10 Famous People Who Canceled Themselves With Their Own Stupidity
We’ve all been there: you make a comment you haven’t thought through at all, and the whole room goes silent at what you’ve just said. But can you imagine doing that as a famous person—and getting canceled? Check out this list of celebrities who did just that!
13 Things You Shouldn’t Do when You’re in the US
Are you planning a trip to the US? Culture varies a lot between countries, even countries that share borders. So if you’re headed to the good old U. S. of A, here are a few pointers to make your travels go more smoothly!
L.A. is an entertainment hub (obviously), but it’s not just movies you get to see here. There’s plenty of live entertainment, including ballets, concerts and plays. Los Angeles is also a culturally diverse city with people streaming in from around the world. Food, art, entertainment and festivals celebrate the city’s rich diversity.
While many people think that moving to California in general — let alone a big city like Los Angeles — is out of their budget, we beg to differ. We’ve gone on the hunt and found some of the cheapest neighborhoods in Los Angeles that offer spectacular amenities while staying within budget.
What is the average rent in Los Angeles?
In 2021, Los Angeles rated No. 77 on a list of the most expensive cities in the world. How does it compare to other cities in the U.S.? According to the Los Angeles Almanac, L.A. is the 16th most expensive city in the country. That said, it’s still cheaper than other California cities (San Francisco, Irvine, Santa Barbara and Oakland) and approximately 25 percent more affordable than the most expensive city in the United States, Honolulu.
How does that translate to rental fees? The average cost of rent in L.A. is $3,910 for a two-bedroom apartment. New and existing renters in the city love it because rental prices are down by 13.37 percent over the past 12 months.
The 10 most affordable neighborhoods in Los Angeles
Are you ready to make the move to L.A.? If so, we have some suggested neighborhoods for you. The following communities are some of the cheapest neighborhoods in Los Angeles, perfect if you’re on a tight budget or just starting out.
10. Hancock Park
Average 2-BR rent: $2,950
Rent change since 2021: -16.06 percent
Though Hancock Park isn’t the cheapest of Los Angeles neighborhoods, it’s one of the few communities to decrease over the past 12 months. In fact, of the 53 Los Angeles neighborhoods we evaluated, Hancock Park had the third-highest decrease in 2021.
Apartments for rent in Hancock Park are upscale and perfect for families looking for a centrally-located residential community that’s closer to Downtown L.A. than Beverly Hills or Brentwood.
The neighborhood is one of L.A.’s most prominent. Initially, developers created the community to house celebrities and movie studio executives. Therefore, many homes in the area are expansive with large yards.
Gorgeous, mature palm trees line the street, and you can see the Hollywood sign from your window.
Commutes range from 20-60 minutes by car, though by public transit, they can take up to 80-90 minutes, depending on traffic.
9. Westlake North
Source: Rent./The Visconti
Average 2-BR rent: $2,931
Rent change since 2021: -0.16 percent
Another one of the few neighborhoods on our list to have an actual price decrease over the past 12 months is Westlake North. Because it’s one of the cheapest places to live in Los Angeles, it’s a haven for artists and young families. Residents get the best of both worlds here in that they’re close to Downtown L.A., but they get to live here at a much cheaper rate.
The Westland North neighborhood is one of the first residential areas in Los Angeles, rivaling Manhattan’s Upper East Side as an area of affluence.
Residents and visitors who love art, history and excellent food gravitate to Westlake North because of its fantastic eateries and hot entertainment spots. You’ll also find many historic landmarks, including Lafayette Park, MacArthur Park, Temple-Beaudry and Filipinotown. The neighborhood is going through a revitalization process, with artists from the greater Los Angeles area converting abandoned rail tunnels into public murals.
Average 2-BR rent: $2,895
Rent change since 2021: +7.81 percent
If you want to live in a neighborhood rich in history and tradition but has a cool, modern vibe, look for apartments to rent in Chinatown. The area has traditional pagodas, as well as contemporary art galleries. Residents in the area can range from multiple generations of Chinese families to hipsters looking for apartments in the cheapest neighborhoods in Los Angeles.
Chinatown is home to the most famous restaurants in L.A., including The Original Philippe and The Little Jewel of New Orleans, famous for French Dip sandwiches and delectable Cajun food.
Bordering Chinatown is Echo Park and Downtown L.A., and most commutes average five to 20 minutes depending on your mode of transportation.
There are several public schools in the area, and parents of Chinatown give the schools above-average ratings.
7. North Valley
Average 2-BR rent: $2,878
Rent change since 2021: +1.52 percent
While most of the neighborhoods on our list had significant increases in rental fees in 2021, North Valley had the lowest increase overall, making it one of the most affordable neighborhoods in Los Angeles.
North Valley is in the northern part of the San Fernando Valley, and residents often call it the Deep Valley. This neighborhood is home to the second-largest park in L.A., O’Melveny Park, which you’ll find off Balboa Boulevard. The park is beautiful, lush and clean with picnic tables, restrooms and paved paths. A steep, six-mile loop trail in the park will provide you with a great workout!
The neighborhood is ideal for retirees and families, with plenty of activities for all, including a trampoline park for the kids and a golf course for the grownups.
Average 2-BR rent: $2,728
Rent change since 2021: +15.39 percent
Despite being one of the cheapest neighborhoods in Los Angeles, residents often refer to Northridge as the jewel of San Fernando Valley. Though 60,000 people call it home, Northridge is still one of the least populated neighborhoods in L.A.
Check on any community ranking site, and you’ll find that Northridge always receives an A or A+ rating. Residents love living here because of the gorgeous weather, as well as the fantastic shopping. The Northridge Fashion Center is the largest mall in the area, and it will meet just about all your needs — if not more!
Another reason this neighborhood ranks so high is because of the housing. Apartments for rent in Northridge are affordable, well-kept, safe, modern and have attractive architectural features.
5. Northridge East
Average 2-BR rent: $2,591
Rent change since 2021: +9.42 percent
If you’re a student of California State University – Northridge, you’ll probably want to start looking for apartments for rent in Northridge East. Not only is the university located right in the middle of this area, but Northridge East is also one of the cheapest neighborhoods in L.A. That’s a win-win for college students because living near the school will help you save time and money.
Also nearby is Aliso Canyon Park, a (mostly) undeveloped space with rugged trails for hiking and horseback riding. They also have bike paths. Spending time here is a great way to get some exercise, spend time in the great outdoors (which is excellent for your health!) and get some peace and quiet from city living.
The Northridge East Neighborhood Council is also very active and helps improve the community’s business climate and quality of life.
4. Park La Brea
Average 2-BR rent: $2,533
Rent change since 2021: +3.13 percent
You might think that moving to one of the cheapest places to live in Los Angeles would mean you have to compromise on things like luxury amenities. Actually, that’s not the case, especially if you move to the Park La Brea neighborhood. This stunning community consists of an interesting mix of modern high-rise apartments, townhouses and garden cottages.
The Park La Brea neighborhood is in the heart of L.A., just adjacent to West Hollywood – a place you might never guess would have some of the most affordable apartments in the city. But it does, and the amenities provided in this facility are truly impressive. Of course, that’s in addition to some of the most drop-dead gorgeous views in the city.
The community does its best to stay up-to-date with upscale and urban chic amenities, including a saltwater pool. There’s also a four-acre park nearby, as well as garden cafés.
3. Victor Heights
Source: Rent./Victor Heights
Average 2-BR rent: $2,507
Rent change since 2021: +11.42 percent
Another hidden gem that’s one of the most affordable neighborhoods in Los Angeles is Victor Heights, located southeast of Echo Park. The neighborhood is on a sloping hill with a fantastic view of the L.A. skyline.
Victor Heights is a diverse neighborhood with European, Asian and Latino immigrants. Millennials, young professionals and hipsters have taken to the area in recent years, giving it a quirky mix of style and culture.
Speaking of quirky, it’s not unusual to find wild peafowl and feral parrots wandering Victor Heights, adding a tropical twist to the inner city.
2. Greater Valley Glen
Source: Rent./Cedar Glen
Average 2-BR rent: $2,507
Rent change since 2021: +8.41 percent
Greater Valley Glen is a modest, suburban community with an urban twist. It’s a lovely neighborhood for families with most public schools earning higher than average and even excellent ratings from parents.
Long-time residents say they’ve seen a lot of positive outcomes since the neighborhood changed its name from Van Nuys to Valley Glen. Positive changes include better school ratings, cleaner parks with new equipment and well-maintained homes and businesses.
The sense of community is very strong in Valley Glen, and the neighborhood association sets up social events like movie nights, concerts and barbecues. They also host community clean-up gatherings, as well.
Source: Rent./Residence at Woodlake
Average 2-BR rent: $2,252
Rent change since 2021: +1.27 percent
Beautiful, trendy and calm are words often used to describe the Crenshaw neighborhood, the cheapest neighborhood in Los Angeles. The average commute into the city is around 35 minutes. Over 80 percent of residents are renters, so you’ll have plenty of options to choose from when searching for an apartment for rent in Crenshaw.
Residents say the neighborhood is quiet because it consists of single people and couples, and not many kids live in the area.
The walkability, bike and transit scores all hover around the 54 mark, meaning that most residents need a car to get around.
The most expensive neighborhood in Los Angeles
If you want to look for an apartment for rent in the most expensive neighborhood in Los Angeles, look no further than Gallery Row, where an apartment averages $6,661 per month. Prices are going up in the area, too. The neighborhood experienced a 10.48 percent increase in rental costs in the past year.
The Gallery Row neighborhood is an art and cultural district in Downtown L.A. You’ll find over 50 museums and art galleries in the community, as well as numerous bars and trendy restaurants.
Interestingly, this community borders Skid Row, a neighborhood with dilapidated streets and rundown buildings. The Gallery Row neighborhood shows what people can achieve when they work together to create urban growth and cultural revitalization.
Find an affordable neighborhood for your next apartment
Did any of the cheapest neighborhoods in Los Angeles sound like a good fit for your budget and personality? If so, it’s now time to take the next step. Check our listings for apartments for rent in Los Angeles that fit all your needs!
Rent prices are based on a rolling weighted average from Rent.’s multifamily rental property inventory as of January 2022. Our team uses a weighted average formula that more accurately represents price availability for each unit type and reduces the influence of seasonality on rent prices in specific markets. The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.
With sunshine almost every day and amazing landscapes full of picturesque mountains and centuries-old cacti, living in Arizona provides daily wonder. Beautiful homes, a strong economy and cities for every stage of life enhance the appeal of the state.
Arizona is an accessible place to live, mostly. You’ll definitely find pockets where the cost of living is on the higher side, but you pay for what you get in Arizona, and the state has a lot of high-end amenities.
To ensure your ideal Arizona city aligns with your budget, it’s best to do some simple price comparisons. Looking at the key components that make up your overall cost of living can help you decide which city in Arizona is really best for you.
Arizona housing prices
Housing prices throughout Arizona hit on both sides of the national average. Some are slightly below, others edge a little high. The highest is Lake Havasu City, a popular retirement destination and also a favorite when it comes to renting houseboats for vacation. The housing price in Lake Havasu City is 88.7 percent above the national average. Pretty significant.
Most other cities, especially those attracting large volumes of people, sit within a more reasonable range.
With a reputation of being a great place for retirees, the average age of Bullhead City residents is a little on the older side. However, the city’s proximity to both Las Vegas and the California border makes it great for anyone who wants road-tripping options.
Housing prices here are still below the national average by 3.9 percent, and two-bedroom apartments have seen no increase in cost since last year. They’re holding steady at $988 per month. One-bedroom apartments are holding steady at a reasonably priced $688.
Homes are a little pricer than you might expect, and the average home prices in Bullhead City are $470,400.
Unique in Arizona, Flagstaff actually gets snow. In fact, it has its own local ski resort. Outdoor activities, as a result, are a huge draw for residents in this area. In addition to skiing, there’s plenty of hiking. And, with cooler weather year-round than in other Arizona cities, it’s never too hot to go outside. All of this comes packaged in a city with a small-town feel, but it’s not cheap.
Housing prices are 31.6 percent above the national average and home prices are pretty high. Up 24 percent, the median home price in Flagstaff is $677,500.
Rent prices are also on the high end and increasing over last year. Two-bedroom apartments are increasing at the fastest rate, up 21 percent over last year to an average monthly rent of $1,907. One-bedroom apartments have risen by 22 percent over last year to an average monthly rent of $1,682.
Stretching its boundaries pretty far, Phoenix is a huge city with plenty of unique pockets throughout. Amenities, entertainment and professional opportunities are all thriving as this city continues to grow. High-quality living is the norm here, but not everything costs an arm and a leg. Housing prices, though, are above the national average, but only by 14.4 percent.
This puts average rents at higher numbers than we’ve seen so far, and they’re rising. One-bedroom apartments average out at $1,443 per month, up 39 percent over last year. Two-bedroom apartments are averaging out at $1,625 per month, up 24 percent over last year.
Housing prices are also rising at a similar rate, up 24.8 percent over last year. That puts the median home price in Phoenix at $470,000.
Laid back and full of art and culture, Tucson is so much more than just a college town. Home to the University of Arizona, the city is also known for its year-round activities and indie vibe. A popular destination, housing prices are 3 percent above the national average.
Both home prices and rental costs are rising, as well. One-bedroom apartments have an average rent of $1,012, up 16 percent over last year. Two-bedroom apartments have an average rent of $1,267, up 22 percent over last year. Even with increases, rents are still averaging out in a more affordable range.
Home prices have risen by 20.7 percent in Tucson, bringing the median home price up to $350,000.
With a small-town feel and a strong sense of community, Yuma is diverse and beautiful. It’s also on the more affordable side of things with housing prices 12.7 percent below the national average. One-bedroom apartments are up 20 percent, with an average monthly rent of $972.
Monthly rent for two-bedroom apartments is on the rise, up 23 percent over last year. Currently, the average rent is $1,123. That’s definitely more rent than you may expect to pay for two bedrooms in a less expensive town.
You may also run into similar feelings when buying a home. The average home price in Yuma is $393,274, slightly more than you may anticipate homes costing.
Another cost of living in Arizona is the food. The average Arizonan speeds between $200 and $233 per month on groceries. This includes buying everyday staples, as well as ingredients for the state’s famous Sonoran hotdog. On the whole, most cities hover close to the national average when it comes to food prices.
Bullhead City is 8 percent below the national average
Yuma is 1.7 percent below the national average
Phoenix is 0.1 percent below the national average
Tucson is 4.9 percent above the national average
Flagstaff is 10.7 percent above the national average
Once again, though, Lake Havasu City really tops the charts when it comes to the cost of living expenses. Food prices here are 20.8 percent above the national average, way more than in Flagstaff.
To see how these varying averages impact single food items from the grocery store, eggs in Yuma are only $1.75 per dozen. In Flagstaff, they’re $2.14. If you need to buy some ground beef to make tacos, and you live in Bullhead City, a pound will cost you $4.23, but if you live in Phoenix, you’re paying $5.68.
These price differentials are also apparent when you’re out to dinner. An average three-course meal for two in Yuma is $40, but that same meal is 43 percent more in Flagstaff.
When it comes to utility costs, especially when living in the desert, you want to know in advance that you’re not going to pay through the roof. Luckily, most towns in Arizona sit well below, or just slightly above, the national average.
Flagstaff is 10.5 percent below the national average
Bullhead City is 10.1 percent below the national average
Phoenix is 2.3 percent above the national average
Tucson is 3.4 percent above the national average
Yuma is 7.6 percent above the national average
Taking advantage of so much sunshine, Arizona is a leader in solar power. It’s currently the No. 1 state when it comes to the most solar electricity installed. This is good news, since that same sun that makes all this energy also heats things up pretty high. With average temperatures in the summer around 100 degrees Fahrenheit, residents definitely need plenty of electricity to keep things cool.
Quite a few cities in Arizona have high bike scores, making it easier to get around without the need for a car or public transportation. Tucson, Phoenix and Flagstaff, in particular, all have high bike scores. Tucson tops the list at 72 and both Phoenix and Flagstaff share a bike score of 63. Phoenix and Tucson also have high walk scores at 54 and 51, respectively.
However, you’re going to have days where all you want to do is sit in your car with the AC on full blast and drive somewhere. This is one reason why some Arizona cities have higher transportation prices than others.
Bullhead City is 3.9 percent below the national average
Yuma is 1.8 percent below the national average
Tucson is 1.6 percent above the national average
Phoenix is 8.2 percent above the national average
Flagstaff is 13.2 percent above the national average
The other reason is public transportation costs. This option also comes in handy on those hot days when you just have to ditch the bike.
Sun Tran in Tucson
A combination of buses and streetcars, the Sun Tran in Tucson is all totally free through December 2022. It services Tucson and the surrounding areas through 20 fixed routes, 12 commuter routes and streetcar services that do a loop around downtown, stopping 23 times.
After 2022, fares will return on Sun Tran, so to get ahead, you can purchase a Sun Go card now and load it up with funds to begin getting deducted in 2023.
Valley Metro in Phoenix
A combined streetcar, rail and bus system, the Valley Metro in Phoenix is offering free streetcar rides currently as the mode of transportation is still in its first year of operation. Afterward, it will cost $1.00 to ride this cute vehicle.
Local bus and light rail fares are $4.00 for a single-day pass, which is a much better deal than paying $2.31 per ride. You can also purchase a 31-day pass for $64.00.
Mountain Line in Flagstaff
With nine bus routes and a seasonal express that goes to the Arizona Snowbowl, Flagstaff’s local ski resort, Mountain Line is the perfect Northern Arizona transit system. Routes are even color-coded for easier navigation.
Again, buying a day pass if you’re doing limited traveling is a much better deal than paying per way. A single-way fare is $1.25, but a day pass is only $2.50. If you’re riding on the regular, a 30-day pass is $34.00.
Healthcare costs include all your doctors’ visits and prescription medications. Throughout Arizona, home to a campus of the Mayo Clinic, what you end up paying isn’t too far off from the national average, but that doesn’t mean you won’t have big bills every once in a while.
Bullhead City is 7.9 percent below the national average
Phoenix is 0.2 percent below the national average.
Yuma is 1.3 percent above the national average
Tucson is 3.6 percent above the national average
Flagstaff is 5.9 percent above the national average
These numbers are specific to your overall healthcare, but individual appointments may not rank in this order exactly. For example, an average doctor’s visit in Bullhead City is actually the second-lowest price at $103.33. An average doctor’s visit in Flagstaff is only the second-highest cost. Tucson actually has the most expensive average visit at $150.
Goods and services prices
For anything that sneaks into your budget that you don’t really have to have, you’re looking at what constitutes the goods and services section of your overall cost of living in Arizona. These are really what makes or breaks the bank, and you may find yourself having to limit the number of goods and services you use in some Arizona cities.
Thankfully, almost all the cities on our list are below the national average.
Bullhead City is 17.3 percent below the national average
Phoenix is 3.8 percent below the national average
Yuma is 0.8 percent below the national average
Tucson is 0.4 percent below the national average
Flagstaff is 11.1 percent above the national average
The best way to examine how these average prices would impact your preferred activities is to look at a few common ones.
Flagstaff takes the top in almost all of these four categories. A bottle of wine is the only thing less expensive. Phoenix wins the most expensive distinction there. Bullhead City also plays into the lowest pricing seat in everything but a movie ticket. There, Yuma wins.
The numbers all fall surprisingly out of order when looking at another key expense, as well — childcare. The addition of this service to your monthly budget, whenever it’s time, can really change things up. That’s because it’s expensive (that’s an understatement).
Yuma, which ranks right in the middle overall, has the highest childcare expenses for a full-day, private preschool. In Yuma, your monthly preschool bill averages out to $1,300. No other city breaches the $1,000 mark, though Tucson comes close at $968.75. The least expensive is Flagstaff, typically our heavy hitter. Childcare like this in Flagstaff averages out to only $534.50 per month.
Taxes in Arizona
Arizona does have a state income tax, but individual rates range from 2.59 to 4.5 percent. There’s also both state and local sales tax. State sales tax is 5.6 percent, and the average local sales tax, added to this, is 2.8 percent. That means that in many places, you’re paying around $84 in taxes for every $1,000 you spend.
Specifically, in our cities:
Bullhead City has a combined sales tax rate of 7.6 percent
Yuma has a combined sales tax rate of 8.41 percent
Phoenix has a combined sales tax rate of 8.6 percent
Tucson has a combined sales tax rate of 8.7 percent
Flagstaff has a combined sales tax rate of 9.18 percent
Most of these cities are actually higher than the statewide average rate of 8.4.
How much do I need to earn to live in Arizona?
Earning enough to live comfortably in Arizona starts with being able to afford rent. To calculate this you can use some averages to help provide an estimate. For example, the average rent in Arizona is $1,503 per month. Since you should use 30 percent of your annual income to cover rent, you’d need to make at least $60,360 per year to hit this average.
This is very much a possibility given that the average annual salary in Arizona is $61,744. However, with numbers so close to each other, you may want to use our rent calculator to really get what you can comfortably afford.
Living in Arizona
It’s not everyone that can comfortably call the desert home, but those who pick Arizona, love it. The combination of amazing outdoor beauty, sunshine and plenty of activity creates a pretty exciting place. Perfect for outdoor enthusiasts, as well as those who want a nice backdrop to their urban abode, Arizona is the ideal place for you. So, start crunching those numbers and see if your budget stands up to the average cost of living here in the Grand Canyon State of Arizona.
The Cost of Living Index comes from coli.org.
The rent information included in this summary is based on a calculation of multifamily rental property inventory on Rent. as of June 2022.
Rent prices are for illustrative purposes only. This information does not constitute a pricing guarantee or financial advice related to the rental market.
When someone heads off to college, they are often setting up a whole new household. They want and need items that help them get their new lifestyle up and running. If you are buying gifts for a student, you can help them achieve that by giving them items that are convenient, practical, and a little bit fun.
That’s where this list can come in handy. It identifies some of the most useful, in-demand gifts you could give a recent high-school grad or current college student. Plus there are clever ideas that may well elicit an “I love it!” from the recipient, such as a subscription to a favorite streaming service.
Read on for smart, inspiring ideas for presents for the students in your life.
Apparel and Accessory Gifts for College Students
College students need to be prepared for any situation on campus, whether that’s a winter storm, a job interview, or a trip to the school’s gym to workout. Clothing and accessories are college gifts that are likely to be appreciated. They’re practical, of course, and can help the recipient save money on clothes.
A good-quality and versatile backpack is a college staple. Your college student may want a waterproof bag with plenty of compartments with room for books, a laptop, and other personal items. The backpack should also be comfortable to carry around throughout the day and durable enough to last for several semesters.
2. Messenger Bag or Tote Bag
An office-ready tote or messenger bag can be great for internships or interviews. Plus, it can be used beyond college.
Whether they’re playing on a college team, a regular at the gym, or just like the style and comfort, activewear can be a useful gift for most college students. There are many different styles and brands at various price points.
4. Gym Bag
For college students who may use the school’s gym facilities or participate in a sport, a gym bag is essential. Make sure to get an appropriate size bag depending on how much they need to carry.
5. Outdoor Winter Gear
This may not be as important if they’re attending school in a warm location, but students need warm winter clothing when they’re walking back and forth between classes. Your college student may need warm winter boots for the snow, a heavy coat, thick socks, a hat, and gloves. And those can be pricey, so they make a great gift.
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6. Waterproof Gear
The last thing a college student wants is a wet bag while they’re carrying their textbooks and laptop. A waterproof backpack and an umbrella should help protect expensive gear and a raincoat and boots should keep your college student dry between classes.
7. College Hoodies/Sweatshirts
One popular gift for college students is a hoodie or sweatshirt with the school’s team logo. This can typically be found through the college’s website or they may sell them on campus as well.
This type of gear can be especially fun for students to wear when getting involved in on-campus activities and showing their school spirit.
The dorm will be home for the next couple of semesters so it’s important to be comfortable. Loungewear can be found online or in stores and come in a variety of styles and prices.
9. Professional Attire
A professional outfit is a must for the college student going on interviews or for any formal gathering. If you don’t feel comfortable picking out an office-ready outfit, there are subscription services available with styles based on the information filled out by the recipient, or a gift card to a specific store may work as well.
Another great idea for a present for a college student: a gift card to a specific store.
Recommended: What Is College Like?
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Dorm Room Gifts for College Students
There are too many dorm room college essentials to list. The little things go a long way and can help make college life more comfortable and enjoyable.
Most colleges only supply a mattress, so students must bring their own sheets, blankets, and pillows. Colleges typically have dorm beds with a twin XL mattress, but it should be confirmed with the school before buying bedding. Make sure to buy an extra set of sheets so that they always have a clean set.
11. Basic Kitchenware
Whether your college student has a dorm room kitchen or will mostly be eating in the dining hall, basic kitchenware is a necessity for a quick meal or a late-night snack. Basic kitchenware includes utensils, knives, plates and bowls, cups, and food storage containers.
12. Laundry Basket
Dorms typically don’t provide a washer and dryer in the dorm room so students will need to bring their laundry to the communal laundry room.
13. Alarm Clock
Getting up on time for classes can sometimes be a struggle so your college student may need a little help. A digital alarm clock should do the trick even for the heaviest of sleepers.
Aside from the comfort and luxury that bathrobes may bring, they’re a necessity for college. A bathrobe will give a little bit of extra security when your college student goes to take a shower.
Dorm rooms are usually small, so your student will want to maximize every inch they have. There are tons of great storage solutions from under-bed bags and bins, over-the-door storage racks, and hanging strips or hooks.
16. Desk Supplies
Desk supplies are a must-have and make great gifts for college students. Consider desktop organizers, pens and pencils, a lamp, and also a comfortable desk chair.
17. Lap Desk
A lap desk can make a convenient gift for college students to make studying around campus more comfortable. They’re portable and perfect for taking notes or setting a laptop.
18. Streaming Service
It’s easy to spend a lot of money on streaming services, and college students are typically on a tight budget. Get a gift card for one or a couple of streaming services to gift your college student.
19. Personal Safe
If your student has expensive or important items, it’s important they’re kept in a safe location. A small personal safe to protect valuables can give your college student some peace of mind when living with roommates. Plus, if they work a cash job and want to save the money for tuition, they will have a safe place to stash it.
Board games or card games are perfect for a relaxing night with roommates and friends.
Food and Drink Gifts for College Students
College cuisine doesn’t have to be instant ramen or dining hall meals. You might help your student get set up to cook meals for themselves, which can be a way to save money on food, given how pricey takeout can get. Before purchasing any kitchen appliances, contact a residential assistant to double-check if they are allowed in dorm rooms at the student’s school.
21. Insulated Water Bottle
It’s a simple gift but a leak-proof insulated water bottle will keep cold drinks cold and hot drinks hot for hours.
A microwave for a college dorm needs to be compact as college students aren’t working with much space. It should be big enough to fit a full-sized plate but small enough to fit on a narrow counter.
A mini-fridge is good for keeping drinks cool or storing a few snacks.
24. Electric Multi-Cooker
Multi-cookers, like the InstantPot, are simple machines but can take dorm room dishes to the next level. With a multi-cooker, college students can free up space and replace multiple kitchen appliances: rice cooker, frypan, pressure cooker, slow cooker, yogurt maker, and steamer. Worth noting again, before buying any kitchen appliances — confirm they are allowed in the dorm rooms at your student’s school.
25. Coffee Maker
It may be nice to get a coffee from the local coffee shop every morning, but the cost can add up. College students on a budget can save some cash by using a coffee maker instead.
Recommended: earn money at home (or at their dorm room), whether selling things online or perhaps tele-tutoring in a subject they love.
27. Portable Charger
A portable charger ensures your college student can study, take notes, and work on assignments without worrying about their battery dying. Portable chargers come in a variety of forms with a range of features.
28. Noise-Canceling Headphones
Dorm rooms and other areas around campus sometimes don’t make the best environment for studying. Noise-canceling headphones give your college-bound student a distraction from the surrounding noise.
29. Power Strip
You can never have too many power outlets. Your college student’s dorm room may not have enough outlets for their needs.
30. USB Flash Drive
College students may need a reliable USB flash drive to use when going to the library to work on a project, when a printer isn’t working, or when moving large files. Flash drives come in a range of storage capacities and prices.
31. Portable Bluetooth Speaker
It may not be a must-have, but a portable bluetooth speaker is a fun gift for college students. There are even waterproof models for a little extra protection.
Still, stumped when it comes to finding gifts for college students? Cash or gift cards go a long way and it allows your college student to purchase exactly what they want or need. A gift card can be used for their favorite restaurant or store or some cash can go towards college books, saving for college tuition, or anything else they may need.
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SoFi members with direct deposit activity can earn 4.50% annual percentage yield (APY) on savings balances (including Vaults) and 0.50% APY on checking balances. Direct Deposit means a deposit to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-day Evaluation Period (as defined below). Deposits that are not from an employer or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, do not constitute Direct Deposit activity. There is no minimum Direct Deposit amount required to qualify for the stated interest rate.
SoFi members with Qualifying Deposits can earn 4.50% APY on savings balances (including Vaults) and 0.50% APY on checking balances. Qualifying Deposits means one or more deposits that, in the aggregate, are equal to or greater than $5,000 to an account holder’s SoFi Checking and Savings account (“Qualifying Deposits”) during a 30-day Evaluation Period (as defined below). Qualifying Deposits only include those deposits from the following eligible sources: (i) ACH transfers, (ii) inbound wire transfers, (iii) peer-to-peer transfers (i.e., external transfers from PayPal, Venmo, etc. and internal peer-to-peer transfers from a SoFi account belonging to another account holder), (iv) check deposits, (v) instant funding to your SoFi Bank Debit Card, (vi) push payments to your SoFi Bank Debit Card, and (vii) cash deposits. Qualifying Deposits do not include: (i) transfers between an account holder’s Checking account, Savings account, and/or Vaults; (ii) interest payments; (iii) bonuses issued by SoFi Bank or its affiliates; or (iv) credits, reversals, and refunds from SoFi Bank, N.A. (“SoFi Bank”) or from a merchant.
SoFi Bank shall, in its sole discretion, assess each account holder’s Direct Deposit activity and Qualifying Deposits throughout each 30-Day Evaluation Period to determine the applicability of rates and may request additional documentation for verification of eligibility. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. Upon receiving a Direct Deposit or $5,000 in Qualifying Deposits to your account, you will begin earning 4.50% APY on savings balances (including Vaults) and 0.50% on checking balances on or before the following calendar day. You will continue to earn these APYs for (i) the remainder of the current 30-Day Evaluation Period and through the end of the subsequent 30-Day Evaluation Period and (ii) any following 30-day Evaluation Periods during which SoFi Bank determines you to have Direct Deposit activity or $5,000 in Qualifying Deposits without interruption.
SoFi Bank reserves the right to grant a grace period to account holders following a change in Direct Deposit activity or Qualifying Deposits activity before adjusting rates. If SoFi Bank grants you a grace period, the dates for such grace period will be reflected on the APY Details page of your account. If SoFi Bank determines that you did not have Direct Deposit activity or $5,000 in Qualifying Deposits during the current 30-day Evaluation Period and, if applicable, the grace period, then you will begin earning the rates earned by account holders without either Direct Deposit or Qualifying Deposits until you have Direct Deposit activity or $5,000 in Qualifying Deposits in a subsequent 30-Day Evaluation Period. For the avoidance of doubt, an account holder with both Direct Deposit activity and Qualifying Deposits will earn the rates earned by account holders with Direct Deposit.
Members without either Direct Deposit activity or Qualifying Deposits, as determined by SoFi Bank, during a 30-Day Evaluation Period and, if applicable, the grace period, will earn 1.20% APY on savings balances (including Vaults) and 0.50% APY on checking balances.
Interest rates are variable and subject to change at any time. These rates are current as of 8/9/2023. There is no minimum balance requirement. Additional information can be found at http://www.sofi.com/legal/banking-rate-sheet..
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By: Rob Chrisman
1 Hour, 8 Min ago
“I’m not a fan of elevator music. It’s bad on so many levels.” Whether or not you think that the environment and value of owning stock in lenders and vendors has been “bad” over the last year or two, it certainly has been dicey. If you want to “be long” lenders or other mortgage-related companies, you could put some of your hard-earned savings into RKT, ICE, GHLD, UWMC, HMPT, LDI, PMT, FOA, or COOP. Now you’ll have a new vehicle: BETR. Yes, Better.com is going public, in what many would term a “challenging” environment. In a combination of stock market news, along with the reminder that making predictions about markets is like throwing darts, an ETF that was started on March 1, 2023 to track Jim Cramer’s stock picks has only garnered $1.3 million in assets and is closing. Maybe this is the free market saying that Jim Cramer is full of fluff and no value. (Today’s podcast can be found here and this week’s is sponsored by PHH Mortgage. For over 30 years, PHH Mortgage has provided industry-leading mortgage services and helped countless homebuyers and homeowners find financing solutions to meet their needs.)
Lender and Broker Software and Services
Are you attending IMN’s 6th Annual NPL, Notes & Default Servicing Forum in September? If so, be sure to check out the session “How Do You Determine the Pricing of Distressed Deals?” where Velocity Servicing’s President, Matt Stadler, will be moderating! During this session, Matt will lead panelists through the nuances of pricing distressed loans, including the following: Where are distressed deals coming from, and how can you source them? What impacts are inflation and interest rates having on distressed product pricing? What factors determine the pricing of distressed deals? Important due diligence factors to consider when pricing. And more! If you are interested in scheduling time to meet with Matt during the conference, contact [email protected]. Click to learn more or call today at 646-361-6808 to partner with Velocity Servicing™, a LoanCare® division, for your specialty servicing needs.
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Feeling constrained by your current down payment assistance options? At Click n’ Close, we make DPA available for all with no income restrictions or first-time homebuyer requirements. These are just some of the many reasons why Highland Mortgage chose Click n’ Close. As Highland’s Director of Capital Markets Morgan Clemm notes, “With Click n’ Close, we not only get superior DPA programs that follow AUS and allow for qualification under a ‘blended credit score’ option, but we also have access to a full suite of other innovative loan products and hands-on customer service with quick response times and the ability to structure deals with our account executives.” Click n’ Close’s SmartBuy DPA programs also have newly enhanced options for manufactured homes to help borrowers secure a more affordable home AND mortgage. Contact our wholesale (Adam Rieke, Kerry Webb and Soliman Martinez) or correspondent team (Julas Hollie) to learn more.
“AFR Wholesale® (AFR) is here to calm the chaos of an uncertain rate environment. We recognize the effort it takes to keep up with the latest rate information, which is why we consistently evaluate our offerings to provide you with multiple options in a clear and concise manner. Our Quick Pricer feature grants clients access to detailed rate quotes for each scenario, while the AFR Loan Center ensures you stay informed about the most current rates and market changes. Additionally, our comprehensive AFR Resource Center supplies up-to-date information whenever you need it. Here at AFR, our commitment lies in offering competitive pricing and serving as a partner to help grow your business. Partner with AFR today to start taking advantage of these impactful features and so together we can bring more families home! Contact AFR by going to afrwholesale.com, email or call 1-800-375-6071.”
Discover how Thrive Mortgage eliminated its reliance on manual QC processes. Thrive automated their entire QC processes across both its servicing and origination lines of business using ACES Flexible Audit Technology®. “ACES has made my life so much easier from a QC perspective”, said Kelly Cooper Spencer, QC Manager at Thrive Mortgage. I’ve never used a portal for exception responses before, and I love it. I would never go back. It’s life-changing”, concluded Cooper. Watch Thrive’s success story.
Xactus, the leading verification innovator for the mortgage industry, recently announced the next generation of its proprietary technology platform, Xactus360, further modernizing the mortgage process for lenders. Xactus360’s game-changing features empower them to work more efficiently, improve automation, and streamline workflows. Lenders are especially excited about the platform’s single login that allows them to quickly access Mortgage Credit and Pre-Qualification reports, saving precious time. They can swiftly unmerge and re-pull a single bureau to a tri-merge report. Xactus360’s new tagline, “Revolving Around You,” perfectly represents its ultimate purpose – to serve the evolving needs of the customers who use it. See how Xactus’ next gen tech can transform your operations. Email us. Did you miss yesterday’s webinar on Advancing Innovation with the Next Generation of Xactus360? Stay updated on upcoming webinars and news by following Xactus LinkedIn page.
What if you could see the production numbers of any LO? With Mobility Market Intelligence (MMI)’s new LO Quick Profiles tool, you can do just that. MMI is giving mortgage professionals like you limited public access to some of the same LO production numbers that its members use to stay ahead of their peers. With the LO Quick Profiles, you simply enter an LO’s NMLS and, in the click of a button, view up-to-date production metrics including loan production volume, transaction types, loan types, top buy-side & list-side agent partners and top regions based on performance. Want to know where you stand against the competition? Take a peek at your competition’s numbers and see who their top agent partners are.
It may feel like the distant future, but your 2023 audit is right around the corner. Will you be ready when the time comes? The mortgage accounting experts at CWDL ensure that our clients are audit-ready every month, resulting in a smooth and uncomplicated annual audit. When we onboard a new client, we use our proven industry-specific methodologies to clean up books and streamline processes, allowing for accurate and timely monthly financials that both management and auditors can rely on. Being proactive versus reactive makes all the difference not only for your audit, but also for managing the financial health of your business. Your annual audit doesn’t have to be painful – reach out to Kasey English or 619.302.0010 or learn more here.
Click links, ask questions later. The most common attack vector for a cyberattack is the human element. It’s what phishing emails, phone calls and text messages all have in common. Yet while it’s the weakest link, the human element could be your organization’s greatest prevention layer if trained correctly. In an industry that incentivizes people based on sales goals, every mortgage lead has bottom line potential. And in the current market, it’s only human to go after leads without stopping to consider their legitimacy. But recent data shows just how risky clicking without thinking can be. According to ISACA, in 2022 social engineering (tricking humans) was the #1 attack vector – and even the best teams are vulnerable. Learn how to do a better job at testing and training your team to identify legitimate leads. Talk to Richey May’s cybersecurity experts for help assessing and defining your cybersecurity training needs.
In any market scenario, it is crucial for lenders to analyze the best execution options to maximize profitability when selling loans in the secondary market. Determining what execution is most efficient and profitable will have a big impact on the bottom line. In MCT’s latest whitepaper, Optimizing your Best Execution Loan Sale Analysis, they provide insight into determining your company strategy, delivery options, retain release decisions, and more. Download the whitepaper or join MCT’s newsletter to stay up to date on the latest educational content.
Shelter inflation is currently 90 percent of core inflation. But there are other things going on impacting the markets. Yesterday bond prices rallied, and yields fell, the most in a single day since June yesterday with European Central Bank and Bank of England terminal rates falling in the process, a welcome relief for originators. The rally began in the morning as a partial retracement of the recent drop in bond prices but was followed by gains extending due to weakening domestic Manufacturing and Services PMI readings. The S&P Global U.S. Manufacturing PMI fell further into contractionary territory in August from July while the S&P Global U.S. Services PMI also fell in August but remained in expansionary territory. Tech industry standout Nvidia gave another stunningly strong quarterly revenue forecast, fueled by surging demand for its AI processors in data centers, which drove some investor sentiment. Yet the day’s $16 billion 20-year bond auction met tepid demand.
Those hoping for lower mortgage rates should start cheering for the 2-year Treasury note to rally. Without a rally in shorter durations across the yield curve, 10-year yields and mortgage rates will continue to reject any short-term improvements. Speaking of bond yields, tomorrow is Fed Chair Powell’s keynote speech at the Jackson Hole Symposium, with pricing in fed funds futures now implying a marginally lower probability of an additional 25 basis points rate hike in 2023 versus earlier in the week. The Minutes from the Federal Open Market Committee’s (FOMC) July meeting indicated a move toward a “wait and see” mindset. While this gives the committee the flexibility to raise or hold rates steady, the uncertainty leaves markets to themselves to determine if another hike is on the table. Powell is nevertheless expected to map out the final steps in the central bank’s campaign to finish off inflation, which comes as policymakers enter what he’s called the most difficult stage of the inflation fight: knowing when to stop.
After existing home sales data was released on Tuesday, we learned yesterday that new home sales rose 4.4 percent month-over-month and a whopping 31.5 percent year-over-year, according to the Census Bureau. The median sales price fell 9 percent to $436,700 and the seasonally adjusted annual rate of new sales now sits at 714,000 units. New home sales activity, which is measured on signed contracts, increased versus the prior month, and was driven by sales of more moderately priced homes as higher building costs hurt the supply of lower-priced homes while higher mortgage rates contributed to affordability pressures.
Today’s calendar is under way with durable goods orders (-5.2 percent, but ex-transportation +.5 percent), weekly jobless claims (230k, a little less than expected; 1.702 million continuing claims), and the Chicago Fed National Activity Index for July. Later this morning brings Kansas City Fed manufacturing for August, Treasury announcing month-end fixed coupon supply consisting of $45 billion 2-year, $46 billion 5-year, and $36 billion 7-year notes, a Treasury auction of $8 billion reopened 30-year TIPS, and Freddie Mac’s latest Primary Mortgage Markets Survey. We begin the day with Agency MBS prices worse a few ticks (32nds) from Wednesday night, the 10-year yielding 4.23 after closing yesterday at 4.20 percent, and the 2-year is at 5.00.
“Attention Visionary Branch Managers! When you’re running a successful branch, flexibility is more important than ever when it comes to building your team, defining the model, and making decisions on where to spend your resources. That’s why PrimeLending offers three different branch structures to empower you to be more than a manager so you can truly lead and grow your team in the way that best fits their strengths and goals. If you’re not satisfied with the status quo, and you want to explore all the options available to grow your branch and your career, it’s time to look at PrimeLending. We’re focused on the future and always hiring talented, driven mortgage professionals ready to take the next step. Contact Nic Hartke today to find out more and position yourself for success in this ever-changing environment!”
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For those of you out there trying to find the right house, line up a loan, and pin down quotes on real-life renovations, HGTV can be half escapist fantasy, half masochistic pity-party.
But what if what you see isn’t the whole story—is Property Brothers fake? Is Fixer Upper a setup? Can you even trust This Old House anymore?
If you’re wondering which shows have more than a passing familiarity with reality, stick around. We’ll go through some of the most popular and see how they check out.
Is Love It or List It fake?
The premise for this fan favorite is pretty simple: hosts David (a realtor) and Hilary (a designer) meet with two homeowners who are unhappy with their current home. While Hillary fixes up their old house, David takes them shopping for a new one. At the end, the owners decide whether to stay or put it on the market.
Of course, once you binge your way through a few episodes, a pattern begins to emerge—something you’ll find is common with a lot of home renovation shows. One member of the family is always desperate to move, and another hell-bent on staying. They always hate the first home David shows them, and always have to make a tough call when Hilary discovers an unplanned-for problem.
Unsubstantiated claims that the show is not all it appears have swirled for years. In a Reddit thread on reality shows, one user who had relatives on the show revealed that show had them “record both endings and the network chose which one they thought was best. They are still in the house and they love it, but the show says they listed it.” Another commenter chimed in to add that the renovations don’t actually take owner’s wishes into account.
Those comments turned out to be pretty genuine. In April of 2016, the show ran into legal trouble when a featured couple filed a lawsuit claiming that the show hired a contractor they hadn’t approved and used a chunk of their deposit for staging instead of renovations.
The lawsuit claims that, “The show is scripted, with roles and reactions assigned to the various performers and participants, including the homeowners.” The contractor also allegedly left holes in the floor and painted the windows shut.
Verdict? Pretty darn fake.
Is House Hunters fake?
via Omaha Go
The concept behind House Hunters (and its spin-off, House Hunters International) is a lot like Love it or List it, minus the fancy renovation bits. Basically, a local real estate agent takes a relocating couple through three potential houses. In the end, they pick one.
In 2012, though, a buyer featured on the show wrote about her experiences, dropping a bombshell in the process: the homes her family considered weren’t for sale (they belonged to friends) and they had already closed on the home they picked when House Hunters came a-knocking.
Of course, this one detail takes the basic premise of the show and grinds it into a finely milled powder. Once it sinks in that the show is essentially 30 minutes of strangers poking around other strangers’ homes and then pretending to choose the house they already own, the whole thing becomes a completely different show.
Verdict? SUPER fake. (Though still a pretty decent guilty pleasure.)
Is Property Brothers fake?
Ah, Property Brothers. As one of the most popular HGTV shows on the airwaves at the moment, it’s a safe bet you’re familiar with the Scott twins and their dimples. In case you’re not, here’s the rundown.
Jonathan and Drew Scott are a builder and realtor (respectively) team whose shtick is convincing deal-seeking home buyers to go for one of three fixer-uppers and then renovating it.
As this Reddit thread from a potential client reveals, though, most people on the show have already zeroed in on a house, and in some cases have already purchased it.
Also interesting to note is that the casting call questionnaire places a lot of emphasis on personality and relationship dynamics, suggesting that maybe all that early episode bickering might be something producers are keen on cultivating.
Verdict? A little fake
Is Fixer Upper fake?
For 5 seasons, Fixer Upper followed Chip and Joanna Gaines, the perfect realtor/renovator/designer team as they renovated their way through Waco, Texas.
The show format is very similar to a few others we’ve touched on: a couple is shown several houses, they settle on one, and then comes the renovation process, courtesy of super couple Chip and Joanna.
As you might already suspect, Fixer Upper falls into some of the same traps as similar shows. As evidenced by its own casting application, couples featured on the show aren’t actually in the market for a house. They’ve already bought one and passed all the details on their new abode, from square footage to budget limits, onto the network via the 71 question application. So the beginning of the show should be taken with a grain of salt.
And also—no, homeowners don’t get to keep all the furniture. Aside from a few of the homeowner’s own pieces, the rest is only there for staging purposes, and only in the rooms that have been renovated for the show. When the cameras leave, so do the artfully scuffed farm tables and the dried flowers.
A consolation prize? According to at least once source, though, Chip and Joanna are just like they appear on the show.
So, things were a little staged. But as Fixer Upper goes off the air and Fixer Upper: Behind the Design (which showcases the interior design aspect of the show) takes its place, it’s easy to forgive some fudging here and there.
Verdict? A little fake.
Is This Old House fake?
After 36 seasons and several spin-offs, the grandpappy of home renovation shows is still going strong, courtesy of PBS. It does stand apart in other ways, though.
Instead of covering a house an episode, each season follows just one property, giving the show a lot more room to get into the knitty gritty details of the renovation process.
The show is, by its own admission, semi-scripted. But that doesn’t necessarily that what you’re seeing isn’t honest.
According to the above blog post by a former featured homeowner, on the first day of shooting, the director quizzes the home owner on the history of the home, the buying process, etc and then distills their responses on the fly into a more ordered script. They then take several takes to make sure they have one that sounds good.
And according to another post, the first day of demo had the hosts rolling up their sleeve and getting to work sans construction team—probably not something you see too often on HGTV construction sites.
Verdict? A real as TV gets.
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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions. In this episode: Get an inside look into strategies and pitfalls of the high-risk, high-reward world of day trading.
Hosts Sean Pyles and Andy Rosen discuss the high-stakes world of day trading and shed some light on your statistical chances of finding success. Then, Andy welcomes seasoned traders Sierra Smith and Michael Sincere to the podcast to share their perspectives. They pull back the curtain on Sierra’s typical trading morning, break down concepts like options trading and highlight the rollercoaster ride of market highs and lows.
They also discuss the profound role of social media in day trading, the importance of discipline and emotional control and the potential pitfalls and real challenges in day trading. Drawing from their personal experiences, they shed light on how they’ve learned to take profits quickly, prevent losses from spiraling and maintain a realistic perspective on potential returns.
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Sean Pyles: There was a time back, oh, about 30 years ago when headlines were filled with stories about people using newfangled technology to trade stocks minute by minute from the comfort of their couches. Today, you can trade almost second by second, but that doesn’t mean it’s a good idea.
Sierra Smith: In the beginning it’s definitely not all sunshine and rainbows. When you make mistakes in trading, those are very expensive mistakes that you are making. Especially when you’re doing day trading with options, it’s very volatile, so it’s very much high risk, high reward.
Sean Pyles: Welcome to NerdWallet’s Smart Money Podcast. I’m Sean Pyles.
Andy Rosen: And I’m Andy Newfangled Rosen.
Sean Pyles: Today we have episode two of our Nerdy Deep Dive into next level investing. And Andy, let’s just start out with the caution we mentioned last episode, which is that here on Smart Money, we still think the vast majority of people will have more success with very basic investing strategies, like using the buy-and-hold strategy, investing for the long-term, utilizing low cost, lower risk index funds, seeking out safe returns like high yield savings accounts.
Andy Rosen: You’ll get no arguing from me on that, Sean. But as we noted last time, some people do want to do more on the markets. Maybe they have some playing around money, maybe their risk tolerance is higher than the average bear, or bull. Maybe they’re just curious about all these terms that they hear on the nightly news. Does anyone watch the nightly news anymore?
Sean Pyles: Nope.
Andy Rosen: Yeah, and as we also noted, it’s good to be educated about the different ways investors use the stock market and other markets, because all of it has an impact on the overall economy, which affects everybody.
Sean Pyles: Right. Well, frankly, when I hear the phrase day trading, I just think the odds are really against people. There’s research showing that only about 1% of day traders consistently make money, and some kinds of day trading, like trading options, you can actually lose more money than you put up. If you don’t know what you’re doing or your expectations are not aligned with the reality of what you’re doing, you can get into a desperate situation pretty quickly.
Andy Rosen: It is absolutely true that people can get over their heads quickly, and there are a lot of people on social media that make day trading seem like it’s easier or more profitable than it actually is. Think of it this way, if you were losing a lot of money day trading, do you think you’d go on TikTok and brag about it? I doubt it, right?
Sean Pyles: Probably not.
Andy Rosen: Yeah. If people want to try this, they need to be aware of these percentages and aware of the risks and the time and effort that is involved. You really have to be watching moment to moment to see what’s happening. But the fact is that there are a lot of day traders out there and they do help move markets, so let’s hear from a couple of them to try to understand what they do and how it really works.
Sean Pyles: Let’s do it. But before we get to that, a reminder from the lovely folks on the NerdWallet legal team, we Nerds are not financial or investment advisors, we will not tell you what to do with your money. Everything in this episode and this series is to provide you, our dear listener, with the knowledge to make informed decisions with your own money.
And listener, we want to hear what you think, too. To share your thoughts around next-level investing with us, leave us a voicemail or text the Nerd Hotline at 901-730-6373. That’s 901-730-NERD, or email a voice memo to [email protected]. Andy, who are we hearing from today?
Andy Rosen: We’re hearing from two day traders, one former, one current. Sierra Smith is a trader and social media creator who runs a Discord server where she and other traders talk about strategy, trading concepts, etcetera. She’s based in Houston, and you can find her on TikTok or YouTube as well.
Michael Sincere is an author and speaker about investing topics. Among his books is “Understanding Options” and “Start Day Trading Now.” And he’s also a financial columnist for MarketWatch. He’s based in Miami.
Sean Pyles: Hey, Andy, before we go any further, let’s take a second to talk about what a Discord server is and what it means to run one. A lot of folks might not be familiar with this. You said Sierra does this, right?
Andy Rosen: Right. Without getting into too much detail, Discord is basically a chat service organized around a specific topic or interest group. And they’re particularly popular among video gamers, that’s where the service rose to popularity, but they’ve developed a big audience in the online investing world. Content creators like Sierra will often use Discord servers to connect with their audiences. If you haven’t used Discord, think of it as something like a mixture between Slack or Microsoft Teams with a little bit of Reddit mixed in.
Sean Pyles: OK, cool.
Andy Rosen: Sierra, Michael, welcome to Smart Money.
Sierra Smith: Thank you for having me.
Michael Sincere: Thanks for having me, too.
Andy Rosen: The first thing I want to know is, I guess I’ll start with Sierra, did you do any day trading today?
Sierra Smith: I actually did do some day trading today.
Andy Rosen: Tell me, just as an easy example to pull out of your head, what did you do? Just talk to me about what your morning went like.
Sierra Smith: This morning specifically I did live trading with my Discord server. We got on around 8:15, I marked up three different stocks for them, so that way they could have a variety to choose from if they chose to take some trades. I personally took Apple today, I traded Apple. I took calls, which essentially means that I believe the stock is going to go up, for those who don’t understand options terminology or anything.
Yeah, that’s what my morning was today, day trading. And then afterwards we just did some education. We did some trade recap for some people who didn’t win on their trade, we went over why they didn’t. Yeah, that was pretty much my early morning today.
Andy Rosen: And can you tell me what you saw in Apple this morning, in layman’s terms, that made you feel confident about making those short-term trades?
Sierra Smith: I think Apple was the price in the pre-market. There’s pre-market and post-market, and there’s actual market hours. Pre-market with options you cannot trade. But in the pre-market it was sitting within this demand zone, I believe. And so if it’s within a demand zone, that essentially means that the stock most likely will go up from there.
I just facilitate, I’m going to take Apple calls today, because it’s within that zone, which is the whole chart analysis that we did before the market opened. And so that way when the market actually opened, we were able to take that trade based off of that prior analysis.
Andy Rosen: And Michael, I know you’re not really doing day trading anymore. Tell me what your daily thinking about your portfolio looks like.
Michael Sincere: Right. What Sierra was doing was something I did do in the past, mostly when there was a volatile market. And I would jump on some of the hot stocks and ride it higher. And I stopped it because it’s wonderful when you’re on the right side, but if you’re not, it can turn around really quickly.
To answer your specific question, I switched from day trading to a more traditional buy index funds. And I sell covered calls, which is also an option strategy, but to me it’s a lot less risky than day trading.
Andy Rosen: Just for the people out there: When you sell a covered call, basically what you’re doing, if I’m understanding correctly, is you are selling an option for someone else to buy a stock that you already own. So if your trade doesn’t work out, you at least have the stock to back it up. You’re not going to have to buy a stock at a higher price than you might want to pay for it in order to sell it. Is that accurate?
Michael Sincere: It is, and I’ll give you an example. Let’s say I bought Apple, and then what I would do is I would rent out those shares to Sierra, who’s buying calls. I’m selling those calls to her, she’s buying them. I wouldn’t make as much money on it, but I do get an immediate income. And so what I do is I sell them to the speculators, and I’m like the landlord. I get my income and I just want my nice income and I don’t have to go through the stress of watching it all day long, every minute, can’t even go to the bathroom. That lifestyle I decided to walk away from. But by selling the covered calls, basically Sierra or another speculator, they basically own the rights to it, and they can sell it from me at any time. So I just wait a month or whatever timeline that I decide to sell those calls on.
Andy Rosen: Got it. Maybe you folks have met before, even without knowing.
Sierra Smith: Probably.
Michael Sincere: Absolutely. I hope you enjoyed those calls I made and bought today.
Sierra Smith: I did.
Michael Sincere: Thanks.
Andy Rosen: Let’s go back and hear a little bit about each of you with your origin stories. Maybe start with Sierra. How old were you when you started trading? What made you start? Tell me a little bit about how you got into it.
Sierra Smith: I started trading when I was 18 years old. After I had graduated high school, I had a friend, and he had posted on social media, he had bought his dream car at 18. And I’m like, what? We just graduated high school, so it doesn’t make sense for you to be buying your dream car at that age, or so I thought. And so I asked him, I was like, “What do you do? How did you buy that car?” And he told me that he traded options. And I’m like, hmm. I’ve never heard about options trading before, all I knew was I can buy a stock if I so wanted to.
And so he taught me how to trade options. And then from there I just started trading. I spent a lot of time looking at charts. I’ve just fallen in love with trading. I’ve just been trading, I would say I trade at least four out of five days of the week, even now.
And it’s just because now I think my shift with trading has focused from not trying to trade to survive and make a living and provide for myself, but now it’s just trading just to make some income. And just because I love trading, I really do love what I do. I’m really passionate about it. Because I think when people hear trading, they have a whole negative stigma around it. Or when it comes to financial stuff in general, people get leery. No matter what it is, whether it’s trading or investing or whether it’s buying something off the street, people get a little leery when it comes to putting their money in certain places. I just think being able to de-stigmatize trading as a whole is something that I love to be able to do.
Andy Rosen: You talk about how you love it. What makes you love it? And do you love it every day? There can’t be all sunshine and rainbows, can it?
Sierra Smith: In the beginning, it’s definitely not all sunshine or rainbows. When you make mistakes in trading, those are very expensive mistakes that you are making. Especially when you’re doing day trading with options, it’s very volatile, especially the way that I trade. So it’s very much high risk, high reward.
Obviously, the days that I win, I’m having a great day. I love it then. But obviously those losing days are really hard. After you get more comfortable trading, you realize how to take losses with a grain of salt. Those larger losses, those hurt. But when it comes to options trading, you just have to build up a sort of mental fortitude, especially if you trade the way that I do. While I do agree, there are definitely less riskier ways to trade, that’s just how I personally do it. Because like I said, I’m 20 and I like to make risks. It works for me.
Andy Rosen: Got it. I’m 39 and I use a robo-advisor.
Michael, I know you’ve done a lot of research and writing about various aspects of navigating the financial world, but you’ve done some specific research into the world of day trading. I was wondering if you could give a really quick Cliff’s Notes about how this became a normal part of the financial world. It wasn’t too long ago that regular people could not just log onto their computer and trade stocks on their own. You would’ve had to go through a lot more hoops than you can do now. Can you talk just a little bit about the history and maybe you can segue into how you became acquainted with it?
Michael Sincere: Well, the history goes back to the ’90s, when I was beginning as well. All of a sudden I discovered trading. And I think it started with Netscape, which I think went up an unbelievable amount of money in one day because of something called the internet, which was suddenly discovered. Before, if you were day trading or any kind of trading, it would cost you as much as $100 per trade. And once the internet came and these companies started switching to online trading, it went from $100 per trade to maybe $20 a trade. And as you know, now it’s pretty much free. But that’s when I got involved.
And in the ’90s, the day trading was unbelievable. It seemed like any stock you bought related to internet, you could make $20,000, $30,000 a day. And that’s when it really got really popular. Unfortunately, it all came to a screeching halt when the market, I think it was around 2000, when it all crashed. And all the day traders started losing money. All their money.
I was on these websites and I saw them just panicked as they … I’m trying to think of some of the stocks they bought, but many blew up, like Pets.com and all these others. And people got sick of day trading for many years. The majority did.
And then now it’s made a resurgence again, or at least it did over the last few years. And so Sierra, what she’s doing is it’s, as she said, high risk, high reward. It’s intense. You have to sit, be in front of the computer all the time. And day trading options is even more speculative. And I wrote books on options and on day trading. But when you combine day trading with options, the way options work, they can switch in a minute. You could be up and then the next minute you could be down. I have a lot of respect for anyone who can book a profit.
For me, I was trying all types of trading and decided to write books about it. Because I made so many mistakes, lost so much money at first, and so I was trying to help other people. And that’s when I both wrote books on day trading and options. I think I wrote about eight books on both.
Andy Rosen: I did want to ask, both of you in different ways have made part of your living out of talking about trading, and talking about the financial world with people. And I think this is true of a lot of people who get into this world. There is this content aspect to it. Tell me why you think the public-facing aspect of it seems to be important to a lot of traders, from the influencers to the authors.
Sierra Smith: I know from my experience, I can say I recently started utilizing social media to talk about trading. And so I had made a TikTok about it online, and it blew up and it went viral. And so many people were like, “Oh, I’m super interested in trading, and I would love to learn.” And for the first time in two years I was like, you know what? Maybe I will start teaching. Because I’ve never wanted to teach people about trading. I just would do it by myself and go on about my day. But I think when it comes to the social media aspect of trading, I think people have to see that it works for other people. They have to see how it works, why it works, in order to want to get into it. Because everybody knows you can buy and sell stocks, but no one really knows how profitable it could be or what that looks like on a day-to-day basis. I think the social media projection of it really helps bring people into the trading industry, if you want to call it that.
Sean Pyles: I saw on one of your — I think it was a TikTok video that you made — I saw you talking about how there’s a lot of people on social media that will tell you, “Oh, I did these three trades that I made this amount of money,” and you were warning people it’s not that simple.
Sierra Smith: Yeah.
Sean Pyles: What do you think are some of the pitfalls of social media based investing?
Sierra Smith: I think one of the pitfalls of it is everybody wants to make trading seem like it’s perfect. And then people always want to post what they’ve made in their profits, but they won’t talk about their losses or they won’t talk about what they put in.
I know as far as options goes, it’s a lot about percentage. That’s how I see it. For example, if I tell you guys that I’ve made $10,000 in a day, it’s not because I turned $10 into $10,000. It’s usually because, OK, I made a put at 40, it made 25% on that trade.
I think the pitfall, the major pitfall when it comes to trading and social media, is that people don’t advertise the entirety of what it is. And a lot of people end up getting into trading thinking that they’re going to turn $50 into $5,000 in two days, and that’s just not realistic.
Andy Rosen: Michael, obviously you’re maybe not as active on social, but you’ve done quite a lot of content around these kinds of activities. What’s your perspective on it?
Michael Sincere: Well, first of all, by writing these books I was able to speak to some of the best traders and investors in the world, like Peter Lynch, Mark D. Cook, who passed away. But Mark D. Cook was one of the top option traders in the world, and was successful for many, many years. I used to interview him all the time and he became a friend, so I learned a lot from him. And it took him five years to become successful. It was very difficult those first five years, and he wanted to give up many times trading options. But then he found his system.
And what I learned from him, and my own experience, is it’s really the emotion that gets everybody. It’s really the discipline and emotion. Everyone talks about the discipline, but they don’t really know what it means until they start trading. And what I mean is you’re in a losing trade and you’re ready to lose $10,000. And you have to figure out very quickly whether you close the trade, whether you add more to it, whether you hold, and these are lightning-fast decisions that really hurt a lot of people.
I’m sure Sierra’s gone through this many times. I’ve found from my experience, it’s very difficult. Beginners have high expectations about how easy it is to make money, as Sierra said. But it does take a long time to find your own style. And trading’s not for everybody, too.
And some of the pitfalls I’ve found is, one, a lot of people turn from trading to gambling. It’s very easy to do. You think you’re trading, you’re following everything, but you’re betting way too much money on a trade. Which means, yes, you can make $100,000, but you also could lose that exact same amount if you’re not careful. Which is why I tell people the number one rule is to trade small, especially when you’re beginning. Do not try to make $100,000 in one day, try to make a few hundred. If you can do that consistently over a long period of time, then you may have a shot at it. But if you come in there trying to make big, big bucks, nine out of 10 are going to blow up their account, in my opinion.
Sierra Smith: Yeah, I’m definitely seeing more people fail than succeed when it comes to starting out in trading, and that’s just because so many people think trading is going to be so easy. A lot of people don’t exercise proper risk management, which is something that anybody that’s been trading for a while will tell you to exercise.
Or the way somebody with a larger account size trades is entirely different in the way somebody with a smaller account size trades. For me, I have a larger account size, so I can put tens of thousands of dollars into a trade and be OK with it with the way that I trade. But the strategy that I use may not work for somebody who only has $500 in their account. And so I think a lot of people just assume that you can just make all this money overnight, and they end up just getting so discouraged beyond trading. Which sucks, because trading for me obviously has changed my life, and I think there’s so many good and positives to it, but I just don’t think people are really fully educated on what trading really is.
Andy Rosen: I do want to get back to some things that might help those beginner level people who just know this term and want to get a sense of it. Michael, if you would be willing, could you just tell us a little bit more about how you moved off of day trading? You talked a little bit just about the lifestyle and why it didn’t work for you, but just a little more detail on how your views evolved would be awesome.
Michael Sincere: I kept coming back to the fact that the strategy that worked again and again — and I used to have long conversations with John Bogle as well, who was the father of indexing — and I found out that over and over I was making more money on a longer-term basis just by buying and holding these index funds. At the same time, I was trying to make fast money using the strategies Sierra’s using, like momentum trading. And I actually did do option trading with momentum. I found it extremely stressful. I found out I had to devote entire days to it. I tried to get out by noon. That was my goal each day, get in at the open, ride it and then get out. And yes, on the good days, I’d make pretty good money. I’d make $10,000 on good days. Once I made $30,000 and I was riding high. Three days later, I believe, I lost it all.
I found out after about a year of this, it was not for me. You have to know your own personality. And I found, for my personality, I couldn’t take the stress of it every day. And so I pretty much stopped day trading, and I wrote books on helping people manage the risk part of it. Anyone can learn about the technical aspects of it, like the charting and the indicators, but it’s the emotions that are the difficult part to manage. That’s what really ruins most people. I emotionally did not have what it takes to be a professional day trader, especially a momentum trader. And I saw that it was easy to blow up my account. And some days I’d blow up that day or that week, and I got out of it.
Andy Rosen: Sierra, it must also take nerves of steel to stop after a couple minutes. If you’re doing well, it’s probably tempting to say, oh, I could get more. Right? It seems like one of the things you’re describing is managing that and knowing when to stop. I would love to hear either one of you talk about when to stop. When it’s time to stop, whether you’re having a good day or a bad day. When it’s prudent to take a deep breath.
Sierra Smith: One thing I always tell my students is that when it comes to day trading, green is green. It doesn’t matter if you made $500 or $5. Because I promise if you saw $5 on the ground, you would pick it up. I think I have lost so much money in the markets just holding out on trades and just like, hey, you know what? It’s going up. I could hold this out for five more minutes, 10 more minutes, and then it ends up reversing back down against my trend. And the minute that I see I’m in profit enough that I’m happy with, I will end my trade. And I think the reason why I trade like that, again, is because I’m at a point where it’s not like I’m trading trying to compound my account and secure my lifestyle.
That’s all said and done now. I feel like now my trade’s very relaxed. It’s just get in, get out, make something for today, and then go on about my day. That’s why I’m OK with just being in trades for a few minutes. Sometimes I will exit a trade and then the stock will run three more dollars and I’m like, man, I could have made so much money. But as long as I left with something, I’m good.
Andy Rosen: And what about on a bad day? There’s got to be a temptation to chase a loss to try to get it back. How do you manage that?
Sierra Smith: I have trading rules, actually. I have personal rules for me when it comes to trading. If I take a loss, I’m just going to be done for the day. Honestly, I could have a risk or a probability of being able to make that back, but I would rather take one loss than take two losses or three losses trying to keep revenge trading and get that back. Lost a lot of money doing that also. I’ll no longer be doing that when it comes to trading. I just think when you take a loss, you have to make sure that you don’t let your losses lose that battle, if that makes sense. Obviously you have to have a stop loss and proper risk management, so that way it’s not like when you do lose, you’re losing your entire account size every single time.
Andy Rosen: Tell me, if there are listeners out there who are thinking, this sounds fun, this is something I might be interested in, I would like to try it out, where do you recommend people start? What’s the first step someone should take? Thinking of someone who might not even have a brokerage account and just wants to figure out if day trading is something they could ever do.
Sierra Smith: I think people who want to start, should start with not by learning anything about brokerage accounts or charting or anything, I think they just need to learn what trading is and what trading is not. Because I know a lot of people want to start when they hear how much money that people have made, but they have to understand what trading is. What trading really is and what it isn’t.
And then after that, I say people need to start with just looking at charts and just seeing if they can find some that make sense to them. And the biggest thing that helped me learn how to trade was having somebody who walked through it with me. Because you have to know what type of learner you are. Some people can read books on options training and learn. Some people watch videos, some people need one-on-ones with people. So just figuring out how you learn and using that and applying that to the trading world.
Andy Rosen: Michael, what do you think?
Michael Sincere: I think that people should, again, as I said, start small. I think if they know nothing about the market at all, they should start with opening up an account, starting with index funds or mutual funds. Start at that level. They really need to understand the stock market first. If you want to become a day trader of stocks, do a small amount, open up. But you have to start with the brokerage account, you have to learn the different aspects. And that means learning about the indicators and learning there’s a lot to the market that a lot of people don’t know.
Now, eventually, if you want to trade options, you should first start by learning the different aspects of options. There are great books on trading and on investing with options. But again, there’s no rush. If you’re coming in trying to make big money fast, that may not turn out so well. Basically, become a student of the market.
Andy Rosen: Both of you. Thank you so much for coming onto the show and telling us about your perspectives. Thank you so much.
Michael Sincere: Thank you.
Sierra Smith: You are so welcome. Thanks for having me.
Sean Pyles: Hey, Andy, I’ve got to tell you, I am pretty torn after hearing that conversation. Sierra seems to be living a super cool and successful life at such a young age. And there’s part of me that wants that, but there’s another much more rational part of me that knows that it’s just not realistic.
You hear about all the money she’s made, and it can be easy to forget that the vast majority of day traders lose money. I really view Sierra’s narrative as a cautionary tale, maybe, for her followers online more than for Sierra herself, because people might view her TikToks or courses, or those of another day trader, and think that this is a secret path to instant wealth, but it’s really not. Again, in all likelihood, you’re going to lose money if you do what Sierra does.
Andy Rosen: Sean, I think I have to agree. Obviously, Sierra does seem to be living a super cool life. She seems to be having a really good time, and that’s her life. And a lot of people have tried this and had very different results. And so, yeah, you might wind up like her and you might envy her, but on the other hand, you could wind up like the majority of traders and not get the kind of results you’re looking for, or wind up losing something that’s important to you.
You may be able to improve your chances by doing very scrupulous research, paying really close attention to your investments and how they’re performing moment to moment. But on the other hand, your research may lead you, as it seems to have done Sean, to the conclusion that this investing style isn’t for you. Maybe you don’t even have the time for it. And many people spend hours doing this every day and still lose money. As we said before, those are not the people you tend to see promoting their trade as much as the winners do.
Sean Pyles: No, and that’s why at the end of the day I know that I’m much more of a Michael than a Sierra. I love to do some research and have a solid understanding of what I’m going to be doing with my investment strategy. Plus, like Michael, I do not have the emotional fortitude to weather the big ups and downs that Sierra experiences on a daily or hourly basis.
All right, well Andy, how about a preview of what’s coming up in episode three of this series? Are we going to Vegas?
Andy Rosen: Well, some people would say we are, because we’re talking about options trading, short selling, derivatives, and contracts, all of which can have huge upsides and huge downsides. But they’re also very important in the market, so it’s worth hearing how they work, who might want to include them as part of a diversified portfolio, and how to know when it’s time to leave it to the pros.
Sam Taube: The risk and reward tends to be a lot higher than with just stock ownership. Because generally, with derivatives trading, you’re either going to get a big payout, double your money or something like that, or you’re going to lose everything you invested in a particular contract.
Sean Pyles: For now, that is all we have for this episode. If you have a money question of your own about investing or anything else, turn to the Nerds and call or text us on the Nerd hotline at 901-730-6373. That’s 901-730-NERD. You can also email us at [email protected]. Visit nerdwallet.com/podcast for more info on this episode. And remember to follow, rate and review us wherever you’re getting this podcast.
Andy Rosen: This episode was produced by Tess Vigeland and me, Andy Rosen. Sean and Liz Weston helped with editing. Chris Davis helped with the fact-checking. Kaely Monahan mixed our audio. And a big thank you to the folks on the NerdWallet copy desk for all their help.
Sean Pyles: Here’s our brief disclaimer one last time. We are not financial or investment advisors. This Nerdy info is provided for general educational and entertainment purposes, and may not apply to your specific circumstances. And with that said, until next time, turn to the Nerds.