| Global Finances Daily

The 10 Best Marriott Hotels in Hawaii

Editorial Team — Tue, 12 Sep 2023 16:37:12 +0000

Marriott Bonvoy fans have a lot of options when visiting America’s 50th state: Hawaii has nearly three dozen properties where visitors can redeem or earn Marriott Bonvoy points.

Within the portfolio, travelers will find a range of hotels and resorts at different price points. Some options are on the beach, others in high-rises and all tied to the Marriott Bonvoy family representing many of its 30-plus brands.

These are some of the best Marriott hotels in Hawaii, including a few Marriott Vacation Club properties. You may discover new properties you weren’t familiar with and others that have long been considered the best Marriott resorts in Hawaii.

The best Marriott properties in Hawaii

Best Oahu Marriott hotels

Waikiki Beach is known to host a long roster of hotels where you can earn and redeem points including some of the best Marriotts in Hawaii.

1. The Royal Hawaiian, a Luxury Collection Resort, Waikiki

(Photo courtesy of Marriott)

Lovingly referred to as the “Pink Palace of the Pacific,” The Royal Hawaiian is one of the oldest hotels on Waikiki and has hosted plenty of celebrities and dignitaries.

Divided between a modern and historic tower, this waterfront hotel benefits from beautiful pools, plenty of history (be sure to take one of the free historic tours) and a famous bakery, the Royal Hawaiian Bakery.

2. Moana Surfrider, A Westin Resort & Spa, Waikiki Beach

(Photo courtesy of Marriott)

If you’re looking for that familiar white tea scent for which Westin is known, this beachfront Westin brings plenty of pomp and circumstance as its neighbor the Pink Palace.

This was the first hotel on Waikiki, and it continues its prominence today with beautiful rocking chairs on the porch. It also has easy beachfront access, a busy swimming pool and a club lounge with epic sunset views.

3. The Ritz-Carlton Residences, Waikiki Beach

(Photo courtesy of The Ritz-Carlton Residences)

These spacious rooms, suites and multi-bedroom accommodations offer all-ocean-facing views and access to exceptional dining and shopping. It is also home to Waikiki’s two highest infinity swimming pools.

While the hotel isn’t on the beach, the walk isn’t far. This is one of the top properties in Waikiki.

4. Marriott’s Ko Olina Beach Club

(Photo courtesy of Marriott)

For members of Marriott’s Vacation Club, this property has villas with one to three bedrooms, a half hour from Honolulu.

With a quieter beach than Waikiki, swaying palms surrounding pools, and residential accommodations with kitchens and living areas, this resort is ideal for self-sufficient families.

Best Kauai Marriott hotels

Kauai is nicknamed the “Garden Isle,” because of its lush rainforest and beautiful cliffs leading to untouched beaches. This is the oldest of the Hawaiian islands, but it is also home to many new and beautiful resorts.

5. The Westin Princeville Ocean Resort Villas

(Photo courtesy of Marriott)

Not only does this property come with the brand elements of Westin, but it also delivers studio and villa accommodation options for those who need more space.

Even better, this property has no resort fees, but offers pools, beach access and watersport activities. It’s a great option for families.

6. Marriott’s Kauai Beach Club

(Photo courtesy of Marriott)

Close to Kalapaki Beach, this property features condo-style accommodations with one or two bedrooms, which are also part of Marriott’s Vacation Club.

Visitors can enjoy activities or watersports on the beach or in the 26,000-square-foot pool. The best part is that this property doesn’t charge a resort fee.

Best Maui Marriott hotels

Maui is a popular destination for those looking for sunny resorts and it was the setting in the first season of HBO’s “The White Lotus.” This island has some of the best resorts in Hawaii.

7. The Ritz-Carlton Kapalua

(Photo courtesy of Marriott)

This hotel isn’t on the beach. Instead, guests have to walk down the hill to reach the craggy shoreline, which sets this place apart from the soft sand of Oahu’s Waikiki Beach.

The Ritz-Carlton’s signature elegance and service standards are top-notch at this resort, which is surrounded by a golf course and lush grounds. Its sparkling swimming pools make it popular with families and couples seeking romance, too.

8. Wailea Beach Resort Marriott Maui

(Photo courtesy of Marriott)

Home to the longest waterslide in the state, this family-friendly resort seeks to please guests of all ages. The resort has five swimming pools, floating cabanas and an evening luau show.

An adults-only wellness area and pool are new to the resort. There are now also ground-floor guest rooms (known as the Sundeck Collection) that open to large garden terraces leading to the beach and pools.

Best Big Island Marriott hotels

The volcanoes and beaches on the island of Hawaii (also known as the Big Island) draw visitors from near and far. It offers a different vibe than the urban feeling of Oahu.

9. Mauna Kea Beach Resort, an Autograph Collection

(Photo courtesy of Marriott)

This property was originally developed by Laurance S. Rockefeller as the first resort on the Big Island. It has a beautiful beachfront, watersports, cultural activities and great dining.

Even better, the resort is home to an exceptional collection of Asia-Pacific art. If you want a free sneak peek, the property has a live cam that you can view from home.

10. Waikoloa Beach Marriott Resort & Spa

(Photo courtesy of Marriott)

Another beachfront gem from Marriott, the Waikoloa Beach Marriott Resort & Spa has three pools, a waterslide, fish ponds, easy beachfront access and three nine-hole golf courses. It’s hard to get bored here, but for those who need a break, they can find plenty of relaxation beneath a palm tree.

The historical markers and walking trails around the property also help guests learn about the local culture.

How to earn Marriott Bonvoy points

With so many Marriott resorts in Hawaii, it can be hard to choose which one to visit first. You’ll need a hearty Marriott Bonvoy points balance to make it happen. Here are some of the best ways to top off a Bonvoy points account before planning a trip to paradise.

Book Marriott stays. Members receive 10 points per dollar spent on most hotel bookings, although a few brands qualify for 5 points per dollar spent. This doesn’t include the bonus points you’ll earn as an elite member (as much as 75% more points for top Titanium and Ambassador Elite members).
Take advantage of transfer partners. If you’re a United elite member, you can take advantage of United’s RewardsPlus program, which allows you to transfer miles to points at a 1:1 ratio. You can also transfer points from credit card programs like Chase Ultimate Rewards to Bonvoy on a 1:1 basis or from American Express Membership Rewards to Marriott Bonvoy on a 2:3 basis.
Add a Marriott credit card to your wallet. There are plenty of Marriott co-branded credit cards that bulk up a Marriott points balance through frequent spending, stays at Marriott properties and plump welcome bonuses for those who meet certain spending thresholds. Some cards, like the Marriott Bonvoy Bountiful Card, also offer bonus points for spending at places like restaurants and supermarkets — in this case, 4 points per dollar on up to $15,000 in spending per year.

The best Marriott in Hawaii

Certainly a matter of personal taste, the best properties in Hawaii range in price, size and style. There is something for visitors looking for relaxation and Marriott Bonvoy loyalty at the best resort in Hawaii. Whether seeking luxury, laid-back elegance, the best Marriott Vacation Club in Hawaii or a historic property, the Aloha State doesn’t disappoint.

How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2023, including those best for:

The post The 10 Best Marriott Hotels in Hawaii appeared first on Global Finances Daily.

Avoid These Phrases That Make You Sound Inexperienced at Work

Editorial Team — Sun, 10 Sep 2023 16:17:09 +0000

Young people entering the workforce are often told to “fake it ‘til you make it,” and act like they know what they’re talking about, even when they don’t. While that’s not always the best advice, it’s also not a great idea to veer too far in the other direction, and make it clear that you’re just starting out. To avoid sounding inexperienced at work, you may want to ditch these common phrases.

Avoid these phrases that make you sound inexperience at work

A previous Lifehacker post focused on how to avoid sounding immature at work: Things like relying on filler words, and referring to women as “girls,” or any colleagues as “dude,” “bro,” or “man.” But it’s entirely possible to sound perfectly mature, and still unintentionally draw attention to the fact that you may be new to the office, or the profession in general.

According to Adrian Granzella Larssen, the founding editor-in-chief of The Muse, avoid using these phrases at work if you want to sound more established:

“Hi, I’m [first name].”

This is fine at happy hour, but introducing yourself only by your first name doesn’t let the person you’re speaking with know anything else about you, and why you belong.

Instead, Granzella Larssen suggests introducing yourself with your first and last name, and why you’re involved in the meeting or on a project—something like, “Hi, I’m Jane Doe, and I’m on the business development team.”

“I am the [junior-level job title].”

In the previous example, you may have wondered why Granzella Larssen didn’t suggest introducing yourself with your specific job title, rather than your team or department. The reason for this is that as someone starting out in your career, your job title may not exactly be impressive, and may draw attention to your lack of experience.

If this is the case, keep it general. Instead of introducing yourself as “the editorial assistant,” go with something like “I’m a member of the editorial team.”

“I have to ask my boss.”

Regardless of where you rank in the workplace, there are going to be decisions that you can’t make unilaterally. Although that’s completely normal and expected, you don’t need to draw attention to it.

Instead, Granzella Larssen recommends making yourself sound like “a thoughtful collaborator” rather than someone’s subordinate. For example, you could say something like: “This plan sounds wonderful—let me run it by my team before moving ahead.”

The post Avoid These Phrases That Make You Sound Inexperienced at Work appeared first on Global Finances Daily.

Tiny Home Investment: How to Get Started in 2023

Editorial Team — Mon, 14 Aug 2023 12:41:55 +0000

Tiny houses are taking off all over the world. Offering the allure of luxury internal finishes and a low price point, investors can use tiny houses as a low-cost rental investment option. While the cost of tiny homes is a major selling point, eco-conscious and minimalist consumers are attracted to the simplicity of the potentially off-grid lifestyle.

Tiny home investments can be an opportunity to build a hotel out of tiny houses or rent a single tiny home. Consider whether you want the tiny home to remain stationary or you’d allow tenants to travel with the tiny home. Below are the basic steps and tips for creating a customized tiny home investment strategy.

What is Tiny Home Investment and is it Worth It?

Tiny home investment involves acquiring and managing small, energy-efficient and often mobile dwellings. Tiny homes, typically ranging from 100 square feet to 400 square feet, are designed to maximize space while minimizing environmental impact. Unlike traditional real estate, tiny home investments provide a unique blend of mobility, affordability and sustainability.

Tiny homes also differ from mobile homes or RVs. Tiny homes often emphasize using natural materials, with wood interiors and sustainable priorities. They’re designed to feel like a tiny version of a traditional home. Of course, because they’re smaller, tiny homes also require less maintenance over time.

The Tiny Home Investment Process: Step by Step

If you’re ready to build or buy a tiny home investment, here’s an outline of the steps to cover.

1. Defining Investment Goals

Determine your objectives for a tiny home investment property. These can include long-term rental income, short-term vacation rentals or personal use. Your investment goals will determine your strategy. For example, if you want to build a tiny home for personal use and rent your primary residence, you’ll want to customize the property to your preferences and may have a larger budget.

If you want to build up a vacation rental location with multiple properties, consider economies of scale in building five to 10 properties at once. Likewise, you’ll need to decide whether you want the tiny homes to be on-grid or off-grid.

The objective will also dictate tiny house design as tiny homes intended for long-term rentals need to maximize storage and include better finishes and appliances like refrigerators and washing machines. A short-term vacation rental will only need a place for guests to store luggage and a comfortable, clean design.

2. Market Research

Conduct in-depth market research to identify locations with high demand and rental rates for tiny homes. Keep in mind that some cities or vacation destinations have restrictions on parking tiny homes. Look for areas with high tourist traffic and low vacancy rates to place short-term vacation rentals. For long-term rentals, look for locations with high rental prices or increasing demand and growth.

3. Budgeting and Financing

Set a realistic budget, considering construction costs, land acquisition and ongoing expenses. While you’ll see articles stating you can purchase a tiny home for less than $50,000, those are often basic, bare-bones options. Luxury tiny homes can cost $80,000 to $100,000 or more, depending on the size and finishes.

If you plan to make the tiny home off-grid, you’ll need to consider the cost of solar panels with batteries, waste management and water storage. Be sure to weigh your total budget with expected returns or rental income to balance cost and investment return.

If you plan to invest in a low-cost tiny home, explore financing options suitable for tiny home investments. For financing, most mortgage lenders won’t offer mortgages for under $60,000. Consider a personal loan, RV loan or a builder’s loan if you plan to construct the tiny home yourself.

4. Finding the Right Location

Choose a location that aligns with your investment goals and offers attractive amenities and proximity to essential services. Attractive locations include those close to public transportation, areas of natural beauty like beaches, mountains or nature preserves or with easy access to major metropolitan areas.

As some areas may have zoning restrictions, it’s important to research options and double-check with the municipality before purchasing a tiny home.

5. Design and Build

Work with reputable builders to design and construct a functional, aesthetically appealing tiny home. Ensure the tiny home meets all construction and compliance standards. As the tiny home is simply a tiny living space, consider ventilation, insulation, internal and external lighting, natural light and windows.

If you plan to build a tiny home on a trailer for transport, ensure that the trailer and design also meet all standards for road safety.

6. Legal and Regulatory Compliance

Ensure your tiny home investment adheres to local zoning and building regulations. Failure to comply can lead to fines or the inability to get a return on the tiny home investment.

7. Marketing and Promotion

Before you invest in a tiny home, consider marketing and promotion. Develop a marketing strategy to attract potential tenants or vacationers, emphasizing the unique features of tiny home living. With the growing interest in tiny homes, you can also list your rental on dedicated tiny home sites, such as tinyhouselistings.com, as well as traditional short-term or long-term rental sites like Airbnb or Trulia.

8. Property Management

Deciding whether to manage the property yourself or hire a property management company for seamless operations is a major decision for many investors. A property management company will cut into profits but can lead to more satisfied clients and a better return on investment. Property management companies can also make the tiny home investment passive, as you won’t be responsible for responding to tenant requests.

9. Tenant Screening

If you plan to rent out your tiny home, establish a thorough tenant screening process to find responsible and reliable occupants. This is especially important for long-term rentals where tenants who fail to make payments or damage the house can eliminate investment returns.

Consider screening by credit score, an interview process and requesting referrals or recommendations.

10. Maintenance and Upkeep

Regularly maintain and inspect your tiny home to ensure it remains in top-notch condition. Like any rental property, plan to budget around 3% of the total purchase cost for annual repairs and updates.

Consider regularly checking doors, windows, locks, roofs, siding and other parts of the tiny house and make repairs before small issues can cause more significant damage.

The Benefits of Tiny Home Investment

Tiny home investment is an opportunity to build a real estate portfolio for less while capitalizing on a growing trend toward sustainability and minimalism. Here are some of the main benefits of tiny house investments:

1. Affordability

Tiny homes are more affordable than conventional houses, allowing investors to enter the real estate market with lower initial investments. Upkeep costs also are less, reducing additional expenses.

2. Sustainable Living

Embracing tiny home living encourages sustainable practices, such as reduced energy consumption and lower environmental impact. This is better for the planet and a strong marketing point for potential tenants.

3. Minimalist Lifestyle

Tiny homes promote a clutter-free and minimalist lifestyle, appealing to those seeking a simpler and more intentional way of living.

4. Flexibility and Mobility

Tiny homes are often built on wheels, offering the freedom to relocate to different places without the burden of selling or buying new properties. The mobile lifestyle is also increasingly popular with everyone from younger people to retirees and offers the opportunity to explore beautiful areas across the country.

5. Growing Market Demand

As the popularity of tiny homes rises, the demand for tiny home rentals and purchases steadily increases, making it a promising investment opportunity.

Key Considerations Before Investing in Tiny Homes

Before investing in tiny homes, remember to research and perform due diligence as you would on any other rental investment.

1. Zoning and Regulations

Research local zoning laws and regulations to ensure that tiny homes are legally permitted in the area you plan to invest in. Failure to comply can cause significant problems down the road. For that reason, understand regulations, including any building code compliance, ahead of time.

2. Location

Select a strategic location with high demand for tiny homes, such as popular tourist destinations or areas with a strong eco-conscious community. Popular tiny home communities exist on the West Coast, including Oregon, Washington and California, but are now cropping up across the U.S.

3. Builder Reputation

Choose reputable builders with a track record of constructing quality tiny homes to avoid future maintenance and structural issues. Ask for references, read reviews and ask about the builders’ certification and experience.

4. Financing Options

5. Insurance Coverage

Secure adequate insurance coverage for your tiny home investment to protect against potential risks and liabilities. This may be more costly than traditional insurance, but insurance to secure your tiny home investment is essential.

Should You Invest in a Tiny Home?

With due diligence and market research, a tiny home investment can offer positive cash flow and serve as diversification in your investment portfolio. To improve long-term value, consider property management and careful maintenance.

While tiny home investments can offer excellent return potential and market growth, their long-term ability to retain value and yield positive cash flow hasn’t been tested on a large scale. As with any investment, due diligence and monitoring performance can help mitigate risk.

Frequently Asked Questions

Are tiny homes a good investment?

Tiny homes can be a good investment. To maximize return on investment, investors must carefully research the optimal area and create a budget and business plan. Consider the tips above to get started.

Can you finance the purchase of a tiny home?

Yes, you can finance the purchase of a tiny home, but you might need to get a personal loan or RV loan unless the mortgage amount is greater than $60,000.

Are there any challenges with investing in tiny homes?

Tiny home investing offers many of the same challenges as other forms of investment. You risk losing money on a tiny home investment without proper market research and placement. In addition, tiny homes can be more challenging to finance than traditional homes or other investment properties, and you may need more costly insurance to protect your investment.

The post Tiny Home Investment: How to Get Started in 2023 appeared first on Global Finances Daily.

The Most Effective Ways to Flatten an Area Rug

Editorial Team — Sun, 13 Aug 2023 20:59:58 +0000

Throw rugs and area rugs are a great way to add color, texture, and warmth to a room. Whether you purchase one in a store or online, or retrieve one you’ve had stored in a basement, attic. There’s a good chance that it will be rolled up. This, of course, makes sense for shipping and storing rugs, but it also can leave them creased, dented, and/or curling around the edges.

Fortunately, your area rug won’t stay that way forever. Here are a few ways to flatten it out.

How to flatten a rug

Rather than unrolling your area rug and waiting for it to flatten itself out. Here’s how to speed up the process:

Reverse-roll it

Before trying anything else, start by rolling the rug in the opposite direction. In other words, if it was rolled inward, roll it outward instead, applying pressure as you go. This will force the curled and wrinkled fibers to lay in the new direction, and eventually, flatten out. Sometimes, this is all you need to do. Other times, you may need to move on to one of the techniques below.

Keep it reverse-rolled

If reverse-rolling the rug doesn’t get the job done right away, roll it back up the same way (the reverse of how it was initially rolled) and tie it up. Depending on how deep the creases are, this could flatten the rug in a few hours, or it could take a few days.

Weigh down the corners

If your main problem is that the corners of your rug are rolling up, place heavy objects on each corner. Instead of using chairs or the corner of a couch—which would likely leave indentations where the legs were placed—opt for objects that are flat and wide, like heavy books.

Put it out in the sun

Although heat causes the fibers in a rug to relax, it can also melt or burn polypropylene, nylon, or other synthetic materials. One way to reap the benefits of heat without the risk of damaging your rug is to lay it down outside on a warm, dry day in direct or partial sunlight, on a clean section of concrete or asphalt. In the right conditions, your rug could be flat within a few hours.

Use a hairdryer

You can also use a hairdryer to carefully warm your rug up enough for the fibers to relax. To avoid burning or melting the rug, move the hairdryer in a sweeping motion across the rug, from a distance of at least five to 10 inches, using a low or medium heat setting.

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How to Become a Public Relations Specialist in 2023

Editorial Team — Sun, 13 Aug 2023 16:08:49 +0000

From Classroom to Career: PR Education Requirements

Have you ever wondered how to turn your passion for communication into a captivating career? The path might seem like a maze but let’s start with viewing how to become a Public Relations Specialist through the lens of education. In a world brimming with information, effective communication reigns supreme.

Whether you’re intrigued by the art of storytelling, fascinated by the dynamics of persuasion. Or captivated by the strategy behind successful brand narratives. Unveil the secrets of educational pathways, skill-building, and practical experiences that shape the PR landscape. Let’s delve into the realm of Public Relations education and set the stage for your transformation into a communication virtuoso.

What is a Public Relations Specialist Without a Degree?

Just so you know, you certainly need a degree to become a public relations specialist! A bachelor’s degree in public relations, communications, business, or social science can indeed lay a solid foundation for a career as a Public Relations Specialist. These programs often provide a comprehensive curriculum that hones communication skills, strategic thinking, and relationship-building abilities.

From mastering persuasive communication techniques to understanding the intricacies of media landscapes, a degree hones your abilities and builds your credibility in the field. Also, the chance to develop a professional portfolio can showcase your practical prowess to potential employers. It’s a pathway that equips you with the skills and credibility to thrive in the dynamic realm of PR.

The Crucial Role of a Public Relations Degree

Obtaining a degree in Public Relations is like adding rocket fuel to your career trajectory. A specialized education equips you with a comprehensive toolkit of skills and knowledge that directly translates into PR success. Moreover, it offers a structured platform to develop a robust network, access industry insights, and gain hands-on experience. Ultimately, a public relations degree opens doors, enhances your strategic thinking, and positions you as a well-rounded professional ready to conquer the dynamic world of communications.

Other advantages include:

A PR degree polishes your communication, writing, and storytelling skills, essential for crafting compelling brand narratives and engaging with diverse audiences.
Possessing a public relations degree demonstrates your commitment and expertise to potential employers, clients, and colleagues, giving you a competitive edge in the job market.
Through coursework, you’ll gain insights into strategic planning, crisis management, and media relations, enabling you to navigate the ever-evolving PR landscape strategically.
Many public relations programs offer internships, guest speakers, and real-world projects, providing you with practical experience and a taste of the industry before you enter it.
College provides a platform to connect with professors, fellow students, and industry professionals, helping you build a valuable network that can lead to job opportunities and collaborations.
Educational institutions often grant access to research databases, libraries, and workshops, enriching your understanding of PR trends and best practices.
A degree exposes you to case studies and discussions that span different industries and geographic regions, broadening your understanding of how PR works in various contexts.
Higher education cultivates critical thinking, problem-solving, and time-management skills, all of which contribute to your professional growth and adaptability.
A PR degree can serve as a foundation for advanced studies or a segue into related fields such as marketing, advertising, or corporate communications.

Clock Your Journey to Becoming a PR Specialist

When embarking on the path to becoming a Public Relations Specialist, the question of time naturally arises. The exciting news is that the timeline can vary based on the degree level you’re pursuing and the pace at which you’re comfortable progressing. Here’s a glimpse into the timeframes for different degrees in the world of PR:

Associate’s Degree: Buckle up for a whirlwind 2-year adventure. eveloping a foundation that can springboard you into entry-level positions.
Bachelor’s Degree: Gear up for a journey of around 3 to 4 years. This extended expedition allows for deeper exploration, honing your skills in communication, strategic planning, and relationship building, setting you up for a more comprehensive PR role. Now, you’re ready to meet the requirements of almost any public relations specialist job description.
Master’s Degree: Elevate your PR prowess in 1 to 2 years. If you’re seeking to specialize further or switch career tracks, this intensive trek can lead you to advanced roles in PR, corporate communications, or even academia.

Cost of Pursuing a Public Relations Degree

When considering your journey to becoming a Public Relations Specialist, it’s crucial to factor in the costs associated with your education. Vocational programs offer an attractive option with an estimated cost of US$12,250, providing a focused and skill-oriented approach. For those pursuing undergraduate studies, in-state students can expect to pay around US$10,640 in tuition and fees, while out-of-state students might face a higher cost of US$31,442.

If you’re looking to elevate your expertise with a graduate degree, in-state tuition and fees could be around US$12,732, whereas out-of-state students might anticipate a cost of approximately US$24,556. These numbers provide a glimpse into the financial aspect of your educational journey, but keep in mind that additional expenses like housing, materials, and living costs could impact your overall budget. Always ensure to verify the costs with the specific institutions you’re interested in for accurate information.

Furthermore, scholarships can significantly ease the financial burden of your education. Many universities (as well as external organizations, professional associations, and foundations) offer merit-based and need-based scholarships for both undergraduate and graduate students. These scholarships can range from partial to full tuition coverage, depending on your qualifications and the university’s criteria. Exploring scholarship opportunities can make your educational aspirations more affordable and accessible.

How to Become a PR Specialist Through Online Education | With Steps & Resources

Step 1: Explore Online Program Options

Advancements in technology have opened up a world of opportunities for aspiring Public Relations Specialists. Online education has become a popular avenue for acquiring the skills and knowledge necessary for this field. Start by researching universities and institutions that offer accredited online programs in Public Relations or related fields. Look for programs that have a strong reputation and offer a comprehensive curriculum.

Step 2: Assess Your Suitability for Online Learning

Online education demands self-discipline and time management skills. Consider your learning style and personal commitments. Are you comfortable with self-paced learning, virtual interactions, and independent study? Assess if your lifestyle aligns with the demands of online education, especially if you have work or family responsibilities.

Step 3: Verify Accreditation

Ensure that the online program you’re interested in is accredited by a recognized accrediting body. Accreditation ensures that the program meets certain standards of quality and credibility. This step is crucial to ensure the value of your education and your qualifications as a future Public Relations Specialist.

Step 4: Review Curriculum and Faculty

Carefully review the program’s curriculum and course offerings. Make sure the courses align with your career goals and provide the skills and knowledge you need. Additionally, research the faculty members to ensure they are experienced professionals in the field of Public Relations.

Step 5: Consider Resources and Support

Online programs should provide adequate resources for learning, including access to course materials, virtual libraries, and technical support. Also, consider whether the program offers opportunities for networking and interaction with peers and instructors through discussion forums, webinars, and virtual collaborations.

Step 6: Evaluate Practical Components

A valuable online program should provide practical components such as real-world projects, case studies, or internships. These experiences allow you to apply theoretical knowledge to practical situations.

Step 7: Financial Considerations

Evaluate the cost of the online program, including tuition, fees, and any additional expenses. Compare the costs to traditional on-campus programs and consider the potential return on investment for your career.

Step 8: Application Process

Once you’ve identified a suitable online program, carefully follow the application process. Be sure to submit all required documents, such as transcripts, letters of recommendation, and a statement of purpose.

Public Relations Specialist Resources

Public Relations Society of America: PRSA’s website offers a wealth of resources, webinars, articles, and training materials to enhance your PR skills and stay updated with industry trends.
PRWeek: An online publication that covers PR news, trends, and case studies, providing valuable insights into the PR landscape.
PR News Online: Offers articles, guides, and webinars on various PR topics, including media relations, crisis communication, and content strategy.
Institute for Public Relations: Provides research-based resources, whitepapers, and publications that delve into the latest developments in PR theory and practice.
Prowly Magazine: Offers articles on PR trends, storytelling, media relations, and more, aiming to inspire and educate PR professionals.
PRMoment: Provides articles, case studies, and insights on public relations strategies, media relations, and PR campaigns.
PR Couture: Focuses on the fashion and lifestyle PR industry, offering articles, interviews, and resources.

How to Become a Public Relations Specialist | Practical Experience

Where books and theories lay the foundation, hands-on encounters are the finishing touches that shape you into a seasoned Public Relations Specialist. In this chapter, we’re diving into the world of practical experience—the backstage pass to mastering the art of communication, relationship-building, and strategy execution. Here, you get to immerse yourself in real-world scenarios, because as they say, experience is the best teacher.

Internship Opportunities for a Public Relations Specialist

Public relations internship opportunities stand as pivotal milestones that pave the way for you to hone your skills, immerse yourself in industry practices, and cultivate a firsthand understanding of the PR landscape. Let’s embark on this journey of experiential learning:

PR Agencies: PR agencies often offer internships where you can work on client accounts, assist with media relations. Create press releases, and learn about campaign planning and execution.
Corporate Communications: Many companies have in-house PR departments. Interning in corporate communications allows you to gain experience in managing internal and external communications, drafting corporate messages
Nonprofit Organizations: Nonprofits need PR support to promote their missions and initiatives. Interning with a nonprofit organization can involve handling media outreach, event coordination, and crafting compelling stories.
Event Planning Companies: Event planning and PR often go hand in hand. Interning with an event planning company allows you to understand how PR is intertwined with event promotion and management.
Digital Marketing Agencies: With the increasing importance of online presence, interning with a digital marketing agency can help you learn about social media management, content creation, and online brand reputation.
Entertainment Industry: If you’re interested in entertainment PR, intern with production companies, talent agencies, or music labels to learn how PR strategies are tailored to the entertainment field.

Top Public Relations Specialist Skills

Becoming a Public Relations Specialist opens up a world of skills that are essential for effective communication, strategic planning, and relationship management. Here’s a rundown of key skills you’ll develop on your journey:

Communication Mastery: You’ll refine your written and verbal communication skills, crafting compelling press releases, pitches, speeches, and engaging content that resonates with diverse audiences.
Media Relations: Learn how to build relationships with journalists, pitch stories, and manage media inquiries effectively to secure positive coverage for your clients or organization.
Strategic Thinking: Develop the ability to analyze situations, anticipate trends, and devise strategic PR campaigns that align with broader business goals.
Crisis Management: Gain skills to handle challenging situations gracefully, managing crises and preserving the reputation of your clients or organization.
Storytelling: Hone the art of storytelling to create narratives that captivate, resonate, and drive engagement across various platforms.
Digital Fluency: Embrace social media, content marketing, and online platforms. Learning how to leverage them for PR campaigns, engagement, and brand building.
Research and Analysis: Develop the knack for researching target audiences, competitors, and industry trends to inform your PR strategies.
Event Planning: Acquire event management skills, organizing launches, press conferences, and other events that showcase your client’s or organization’s message.
Relationship Building: Cultivate the ability to foster relationships with clients, stakeholders, journalists, influencers, and the wider community.
Time Management: Learn to juggle multiple projects, deadlines, and priorities while maintaining the quality and impact of your work.
Adaptability: PR is fast-paced and ever-changing. Develop the agility to adapt to new technologies, trends, and unexpected challenges.
Creativity: Tap into your creative side to come up with innovative campaign ideas and strategies that set your clients.

The post How to Become a Public Relations Specialist in 2023 appeared first on Global Finances Daily.

How To Avoid The Worst Sector Mutual Fund 3Q23

Editorial Team — Sun, 13 Aug 2023 08:24:32 +0000

Time value of money, long term equity fund investment for sustainable growth, financial concept

Question: Why are there so many mutual funds?

Answer: Mutual fund management is profitable, so Wall Street creates more products to sell.

I leverage my firm’s data to identify two red flags you can use to avoid the worst mutual funds:

1. High Fees

Mutual funds should be cheap, but not all of them are. The first step is to benchmark what cheap means.

To ensure you are paying at or below average fees, invest only in mutual funds with total annual costs below 1.84%, – the average total annual costs of the 596 U.S. equity Sector mutual funds my firm covers. The weighted average is lower at 1.08%, which highlights how investors tend to put their money in mutual funds with low fees.

Figure 1 shows Saratoga Financial Services Portfolio (SFPAX) is the most expensive sector mutual fund and Fidelity Real Estate Index Fund (FSRNX) is the least expensive. Saratoga (SFPAX, SBMBX, SHPAX, STPAX, SFPCX) provides five of the most expensive mutual funds while Vanguard (VRTPX, VHCIX, VUIAX) mutual funds are among the cheapest.

Figure 1: 5 Most and Least Expensive Sector Mutual Funds

Least Most Expensive Sector Mutual Funds 3Q23

New Constructs, LLC

Investors need not pay high fees for quality holdings. Vanguard Health Care Index Fund (VHCIX) is the best ranked sector mutual fund in Figure 1. VHCIX’s neutral Portfolio Management rating and 0.12% total annual cost earns it an attractive rating. Vanguard Energy Index Fund (VENAX) is the best ranked sector mutual fund overall. VENAX’s attractive Portfolio Management rating and 0.12% total annual cost earns it a very attractive rating.

On the other hand, Fidelity Real Estate Index Fund (FSRNX) holds poor stocks and receives a very unattractive rating, yet has low total annual costs of 0.10%. No matter how cheap a mutual fund, if it holds bad stocks, its performance will be bad. The quality of a mutual fund’s holdings matters more than its price.

2. Poor Holdings

Avoiding poor holdings is by far the hardest part of avoiding bad mutual funds, but it is also the most important because a mutual fund’s performance is determined more by its holdings than its costs. Figure 2 shows the mutual funds within each sector with the worst holdings or portfolio management ratings.

Figure 2: Sector Mutual Funds with the Worst Holdings

Worst Sector Mutual Funds 3Q23

New Constructs, LLC

Fidelity (FIJZX, FIKCX, FSDAX) appears more often than any other providers in Figure 2, which means that they offer the most mutual funds with the worst holdings.

Firsthand Funds Technology Opportunities (TEFQX) is the worst rated mutual fund in Figure 2 based on predictive overall rating. Manning & Napier Real Estate Series and PGIM Jennison Utility Fund (PRUQX) also earn a very unattractive predictive overall rating, which means not only do they hold poor stocks, they charge high total annual costs.

The Danger Within

Buying a mutual fund without analyzing its holdings is like buying a stock without analyzing its business and finances. Put another way, research on mutual fund holdings is necessary due diligence because a mutual fund’s performance is only as good as its holdings.

PERFORMANCE OF MUTUAL FUND’s HOLDINGs – FEES = PERFORMANCE OF MUTUAL FUND

Disclosure: David Trainer, Kyle Guske II, Hakan Salt, and Italo Mendonça receive no compensation to write about any specific stock, sector, or theme.

The post How To Avoid The Worst Sector Mutual Fund 3Q23 appeared first on Global Finances Daily.

Democracy has cost our lives. Fear grips Ecuador after candidate killed

Editorial Team — Sat, 12 Aug 2023 08:18:21 +0000

The fatal shooting of an Ecuadorean presidential candidate at a rally has plunged the country deeper into a political and security crisis. Ensuring this month’s election will be shaped by a killing unprecedented in the nation’s modern history through democracy.

In the wake of the murder of Fernando Villavicencio. Headlines around the world drew attention to a mode of political violence reminiscent of Colombia in the 1980s. Confirming the loss of Ecuador’s reputation as a peaceful oasis on a violent continent.

“We’re living through what Colombians lived through in the 80s with Pablo Escobar,” said Angel Merchano“. The police and the army need to be better armed. They are outgunned by drug traffickers.”

Villavicencio’s murder came after he campaigned on an anti-corruption platform, and as the Andean country contends with a steep rise in drug-fuelled violence that began with massacres in the country’s overcrowded prison system before spreading to the streets.

At the rally preceding his death, Villavicencio had pledged to write “the history of the fight against corruption and the mafia” and said: “Here nothing is free. This democracy has cost us our lives. Defending the homeland has cost us our lives.”

Some 3,500 people have been killed so far this year, according to the police. Last year, 4,800 homicides were reported in the nation of 18mn, almost double the rate the year before and quadruple that of 2018.

Forensic officials work outside the site of Fernando Villavicencio’s assassination. The presidential candidate in Ecuador had campaigned on an anti-corruption platform © Karen Toro/Reuters

Last month another public figure, the mayor of the port city of Manta, was gunned down at a public event.

In Quito, the highland capital, shops that once stayed open late are now shuttered at nightfall. On Thursday, while some attended vigils in honour of Villavicencio, many residents stayed home, leaving streets deserted.

“If presidential candidates are in danger, then what about everyone else?” said Andrés Villamarin, a student from a suburb north of the capital. “We are left to fend for ourselves.”

Eva Gordón, a homemaker in the capital, said that the violence “affects everyone, directly or indirectly” but that many Ecuadoreans have little faith that any presidential candidate could stem the chaos.

Gordón herself is unsure who to vote for. “Unfortunately, we can’t trust in any politician because they have only disappointed us . . . Meanwhile, criminals have the whole country cowering in fear as they take over,” she said.

Police have arrested six suspects over Villavicencio’s murder, while another was killed in a shootout. All are Colombian, while the government said it would go after the “intellectual authors” of the assassination. US FBI agents are travelling to Ecuador to help the investigation.

Nine people were injured in the attack that killed Villavicencio. Including a candidate for the national assembly and two police officers.

Elections for the country’s president and congress are due to take place on August 20, with electoral authorities saying the timetable is “unalterable” following rumours that the polls would need to be postponed.

Guillermo Lasso, outgoing president of Ecuador, dissolved congress in May © Jose Jacome/EPA-EFE/Shutterstock

Sofía Cordero, a Quito-based political scientist at the Observatory for Political Reforms in Latin America, said that “there are no guarantees” for the safety of candidates or voters in Ecuador.

“People will be risking their lives to vote, and the government has shown it is not capable of providing security during these elections,” she said.

The snap election was triggered by outgoing president Guillermo Lasso, who in May dissolved congress using a constitutional clause known as “mutual death”.

Lasso had been battling impeachment charges by the opposition-controlled legislature at the time, relating to contracts awarded to state-owned oil transport company Flopec before he took office. Lasso is not contesting the poll.

The nation’s security crisis was already set to dominate the election, with polls repeatedly finding it to be voters’ primary concern.

Drug traffickers have increasingly sought to consolidate power in Ecuador, with port cities, where security is relatively lax, suffering the most extreme violence. Compared with neighbouring Colombia and Peru — both big cocaine producers — Ecuador’s military and police are less equipped to deal with violent gangs, analysts say.

Villavicencio, a former lawmaker and journalist, said in an interview with the Financial Times in May that he would “declare a war on criminal economies”.

“The war would combine a head-on fight in the streets, controlling the prisons, and isolating all the bosses of drug-trafficking groups,” he said. During the campaign, he said he had been threatened by drug-trafficking groups including the powerful Choneros gang.

Villavicencio, who is survived by his wife and two children, built his reputation as a journalist with investigations into Rafael Correa, the leftist former president now exiled in Belgium to avoid arrest after being convicted on corruption charges in Ecuador relating to his 2007-17 presidency.

Correa’s handpicked candidate, Luisa González, is viewed as the frontrunner in this month’s election, though polls show her performing well below the threshold needed to avoid a run-off.

“The parallel question is whether Villavicencio’s killing deflates Correismo given that the late candidate was such a caustic critic of Correa,”. Said Nicholas Watson, managing director of Teneo, a political consultancy.

Mercedes Torres, a shopkeeper in Quito, said that Villavicencio’s murder marked a victory for “impunity and corruption”. “As a shopkeeper and citizen, I’m thinking the best thing to do is leave the country,” she said.

The post Democracy has cost our lives. Fear grips Ecuador after candidate killed appeared first on Global Finances Daily.

How To Manage Business Relationships Efficiently (2023)

Editorial Team — Wed, 09 Aug 2023 15:12:26 +0000

Whether you’re an entrepreneur, professional, or aspiring leader, learning how to manage business relationships is an important skill that can drive success in your career. By elevating your networking and communication skills, building meaningful connections, and nurturing partnerships, you can foster long-lasting relationships in the dynamic business world.

We recently asked our leading executives for their best tips on how to manage business relationships.

Here are their responses…

John Schembari, Senior Education Academic And Operations Executive

Managing business relationships is key to any organization but especially for independent service providers/consultants such as myself. While working with business partners on a project, provide your relationships with the opportunity to give ongoing feedback on your services so that any pivots can be made early on to better support your partners’ goals. Keep partners informed of project progress.

However, the key is not “just” to think of business partners/relationships when you need them. It is important to keep business ties current through ongoing albeit brief follow-up communication, after project completion, where you can offer your relationships something of value for free. Remind them of your value here and through social media—even better if, in highlighting your own gravitas on social media, you can promote the work of your business partners/clients at the same time.

And, if you can’t support your business relationships/partners on a project, be open to providing names of other service providers who can. Your clients will see that you have their interests in mind and your colleagues to whom you provide business leads might one day return the favor.

John Schembari is a current K-12 teacher/school leader academic improvement coach and former school building and district administrator. He loves to draw, travel, swing dance, and read nonfiction.

Ana Smith, Leadership Development & Learning Strategist

Image from Bigstock

Managing business relationships is a critical skill for any expert in the business world. Effective relationship management is essential for building strong partnerships, fostering trust, and achieving long-term success. Here are some key strategies for managing business relationships:

Communication: Open and transparent communication is the foundation of successful business relationships. Regularly engage with your partners, clients, and stakeholders to understand their needs, concerns, and expectations. Actively listen and respond promptly to their inquiries, ensuring that all parties are on the same page.
Establish clear objectives: Clearly define the purpose and goals of the business relationship. This includes setting mutual expectations, defining roles and responsibilities, and outlining the desired outcomes. Having well-defined objectives helps maintain focus and alignment throughout the partnership.
Build trust: Trust is the cornerstone of any successful business relationship. Demonstrate reliability, competence, and integrity in all your interactions. Be honest about potential challenges and limitations, and work towards finding mutually beneficial solutions.
Be proactive: Anticipate your partner’s needs and address potential issues before they arise. Proactively share relevant information, updates, and insights that can add value to the relationship. Taking initiative showcases your commitment to the partnership’s success.
Respect and empathy: Treat your business partners with respect and empathy. Understand their perspectives and show genuine interest in their concerns. Empathy helps create a positive and collaborative environment, fostering strong bonds.
Deliver on promises: Honor commitments and follow through on your promises. Consistently delivering on your obligations builds credibility and strengthens the trust between parties.
Flexibility and adaptability: Business landscapes are ever-changing, so be prepared to adapt and adjust to new circumstances. Be flexible in finding solutions to challenges, and be open to evolving the relationship as needed.
Handle conflicts constructively: Conflicts are inevitable in any business relationship. When they arise, address them promptly and constructively. Focus on finding resolutions that benefit both parties rather than trying to “win” the argument.
Celebrate successes: Acknowledge and celebrate achievements together. Recognizing milestones and successes fosters a positive atmosphere and reinforces the value of the relationship.
Regular evaluation: Periodically assess the progress of the partnership and the satisfaction of all involved parties. Solicit feedback and use it to improve and strengthen the relationship.

Remember, managing business relationships is an ongoing process that requires dedication, patience, and a genuine interest in building lasting connections. By investing in these strategies, you can cultivate mutually beneficial relationships that contribute to your overall business success.

Ana Smith helps people & organizations achieve their full talent potential by developing and co-creating people strategies and customized solutions, and turning them into impactful outcomes and collaborative relationships, using coaching as the “red thread.”

Lisa Perry, Global Marketing Executive

Image from Bigstock

In the dynamic business world, relationships are pivotal in driving success. Whether it’s with customers, suppliers, partners, or employees, effective communication stands out as the single most significant factor that can make or break these connections. When managing business relationships, focusing on effective communication can yield a significant impact. Here are several communication strategies to consider:

Active Listening: Active listening is an essential aspect of effective communication. By actively listening and giving stakeholders your undivided attention, you build trust and accurately grasp their needs and expectations while understanding their message effectively.
Clarity & Simplicity: In the fast-paced business world, simplicity is key. Clear and concise communication eliminates ambiguity and misunderstandings.
Empathy & Emotional Intelligence: Empathy and emotional intelligence play a vital role in building strong, authentic relationships. Understanding and acknowledging stakeholders’ emotions through empathetic communication fosters trust, strengthens connections, and cultivates genuine connections.
Timeliness & Responsiveness: In today’s digital age, speed is of the essence. Timeliness and responsiveness are critical elements of effective communication. Responding promptly shows respect and maintains engagement.

In conclusion, effective communication is the foundation of successful business relationships. It is the catalyst that drives growth and fosters enduring connections. By prioritizing effective communication as a core value, businesses can navigate the complexities of the business landscape and thrive in a world where strong relationships are the key to lasting success.

Lisa Perry helps companies build leadership brands, driving loyal customers & delivering profitability. She does this through a process that builds brands consumers love. Her goal is to help companies develop, monetize, and grow their brands.

How do you manage business relationships? Join the conversation inside Work It Daily’s Executive Program.

From Your Site Articles

How to Invest 10k in Real Estate (6 Top Options)

Editorial Team — Wed, 09 Aug 2023 15:01:42 +0000

Whether investing in real estate for your career, your retirement or your portfolio, there are many possibilities for ongoing passive income. Getting started doesn’t always mean purchasing real property outright. There are ways to invest $10,000 in real estate using other avenues while still getting your foot in the door. Keep reading to learn how to invest 10k in real estate to put your money to good use.

Is Real Estate a Good Investment?

Investing in real estate is a great long-term or short-term money maker, and opportunities are everywhere. Many people think you need lots of money to get started when you can really do a lot by investing $10,000. Real estate investing doesn’t have to be hard or strap your bank account. Explore these five ways for how to invest 10k in real estate now and be on your way to successful investing in no time.

6 Ways to Put $10K to Good Use in Real Estate

Real Estate Crowdfunding

In this type of investment, you do not need to be an accredited investor or be worth millions — a pool of regular investors like yourself can invest in large-scale properties through a mix of individual financial and intellectual resources. Adding your $10,000 investment to the picture can lead you into an investment scene that never would have been available to you otherwise.

Platforms to choose from include:

Fundrise

securely through Fundrise’s website

Best For:

Beginner real estate investors

This is a testimonial in partnership with Fundrise. Benzinga earns a commission from partner links across Benzinga.com.

CrowdStreet

Streitwise

DiversyFund Inc.

Groundfloor

While the obvious pros to crowdfunding are investing in extensive deals with minimal money and potentially growing your net worth with passive income, the main cons are the same risks that come with any form of real estate investing. The market can turn, and the project just isn’t as successful as projected. Get the full rundown of the opportunity you’re looking to invest in, and weigh your options carefully.

Invest as a Partner

Deciding to invest as a partner can be extremely lucrative if you and your partner complement each other’s work ethic and ideas while also each bringing something different to the table.

If you can invest $10,000 in real estate, maybe your partner is matching your investment and you will split the responsibilities. Or, you are investing the cash, and they will be doing renovation work.

However it works out, make sure it’s someone you can rely on and trust; and make sure you consider the pros and cons before diving in.

Pool money and ideas for better investments.
Split the workload — each partner can focus on what they are best at and take on their own responsibilities.
Gain an impressive portfolio with more opportunities.

You do not have 100% control, but rather a partnership — splitting earnings equally (or whatever split you decide).
Partners can become unreliable, not holding up their end of the deal or their workload.
Partners’ financials can change, causing the whole deal to suffer and the partnership to struggle.

Real Estate Wholesaling

In the right market and with the right connections, real estate wholesaling can be done with very little money and become an easy way to make cash. You would essentially be the middleman, finding properties and finding end buyers while earning an assignment fee for yourself.

The steps are as follows:

Find a property. Usually, it’s a distressed, vacant, or neglected property with little hope to sell under normal circumstances.

Contact the owners. Many times these sellers are looking for a quick close and are highly motivated to sell their property. Make an offer for the property, identifying that you are a wholesaler, and take into consideration the state of the property and the market value.

Get into a contract with the sellers. Use a real estate attorney to add a clause into the contract that you can assign the contract to an end-buyer by a certain date or you can terminate the deal.

Find the end buyer. Assign the contract to the end buyer for more money than you agreed to pay the sellers.

Close on the property. The buyer and seller close, and you get your assignment fee. Wholesale properties can close in just a few weeks, as many are purchased with cash.

Example: The sellers are expecting $70,000 for their property per the contract. You, as the wholesaler, offer the property for $80,000 to the end buyer, who still sees that as a great deal and you walk away with $10,000 for bringing the deal together.

Wholesaling opportunities may not come around too often or be too prevalent in your area, but they are worth grabbing if they come up. There’s very little risk to you and little personal money involved.

Down Payment on a Rental Property

Another way to invest $10,000 in real estate is to use it as a downpayment to purchase a rental property. While it may not be a hefty downpayment, it is still possible to purchase with as little as $10,000 down, depending on the type of loan you use and the price of the property.

Purchasing a rental property is a great way to generate cash flow and diversify your portfolio. A rental property is a more hands-on investment approach, where you manage and maintain the property and deal directly with your tenants.

It may take some time to see real income from a rental property, but as the loan gets paid down and the property (hopefully) appreciates, you can have equity in your investment property and a monthly stream of passive income.

The downside to purchasing a rental property is the unknown.

Is this area going to deteriorate or flourish? Choosing the right neighborhood matters for appreciation and rental vacancy. Months without tenants means money coming out of your pocket to pay that mortgage and taxes.

Is the home in good shape? If you need to put in a new septic system a few months down the line or replace all of the appliances, that can be a hard hit to your budget.

Did you thoroughly vet your tenants? If they stop paying rent, damage the property or are a nightmare to deal with, tenants can be hard to evict.

Transform Your Space into an Airbnb

An increasingly popular real estate investment is investing in an Airbnb property. This is a property you can rent out nightly, weekly, monthly or even for a whole season. Generally, Airbnbs charge more per night than a typical rental, so you could potentially make more money with an Airbnb than a regular rental property.

The secret really is the location. Airbnbs work best when they are in sought-after vacation spots close to water, activities, nightlife, or popular landmarks. Locations in major cities or near sporting events, colleges, concert venues, and fairgrounds can also be ideal.

Spaces suitable for an Airbnb investment:

A current rental property in a great location
A second home or vacation home you already own
A camper/RV
A room in your home/in-law suite/pool house

Investing in an Airbnb can cost very little if you already have the property. Fix it up for best results and purchase bedding, a coffee maker, fun themed decor, dishes, and silverware so visitors can have all the necessities and enjoy their stay. Newer, clean, well-maintained properties are most desirable and bring in the most visitors for the most money.

Before purchasing a property to rent out as an Airbnb, be sure you understand your state and city’s regulations as well as restrictions a homeowners’ association may have in place.

Investing in Real Estate in an IRA

Another way to invest $10,000 in real estate is to become a private lender through your IRA if you have one. Using funds from a self-directed IRA opens up the opportunity to lend money to individuals in real estate investing deals, without you needing to manage or own property outright. Some of the rules associated with an IRA investment include:

You cannot loan money to family members or spouses for any investment purposes
Interest and loan repayments must be put back into you IRA account
Assets used to secure the loan may not be collectible property

With an IRA investment strategy, you are essentially using money that you already have saved to invest and make a return. Through the private terms with the borrower, you are in control of your investment. While there are rules and restrictions, this can be a great way to increase your retirement account in a passive and tax-free or tax-deferred manner.

Equity Trust IRA

securely through Equity Trust’s website

Best For:

Individual investors seeking tax-advantaged accounts

IRA Financial Group

securely through IRA Financial Group’s website

securely through IRA Financial Group’s website

Best For:

Audit Protection

uDirect IRA

securely through uDirect IRA’s website

Best For:

Real Estate Investing

Rocket Dollar

The Bottom Line on Investing in Real Estate with $10K

Investing in real estate isn’t just for the rich, the entitled or the lucky ones with all the connections. With this knowledge of how to invest 10k in real estate, you can start making your own connections and building your own real estate investing opportunities right now. Take one of these options, or take them all. They are all available to you if you have $10,000 to invest in real estate.

Frequently Asked Questions

What Can I Invest in With $10K

You can invest in many forms of real estate with $10,000. Choose from actual property like a rental property or Airbnb, or use your money to invest in crowdfunding, wholesaling or a partnership where you may not have to deal with actual property ownership.

Is $10K Enough for Real Estate?

Yes, $10,000 can be used to invest in many different areas of real estate. Wholesaling and investing in an Airbnb can be done with even less, while $10,000 is a great place to start with options like crowdfunding.

Can I Buy a House With $10K?

In the right market, yes. You can use your $10,000 investment as a downpayment on a property, depending on your loan type and the price of the house.

The post How to Invest 10k in Real Estate (6 Top Options) appeared first on Global Finances Daily.

7 Best Short Term Investments For Your Money in 2023

Editorial Team — Sun, 06 Aug 2023 17:48:18 +0000

The stock market’s recent rallies can spell intimidation if you’re a new investor. On one hand, you want to participate, but on the other hand, there’s always a fear of “buying the top.”

Plus, with the abundance of educational material available on the web, coupled with Bitcoin and other spectacular cryptocurrency rallies, it’s no wonder many new investors feel left out.

What are Short-Term Investments?

Short-term investments are financial instruments that are designed to be held for a short period of time, typically less than one year. These investments are widely used by individuals and businesses to preserve capital, generate income, or take advantage of short-term market opportunities.

Understanding short-term investments requires a clear understanding of their characteristics. First and foremost, short-term investments are highly liquid, meaning they can be easily bought or sold without incurring significant costs or delays. This liquidity is valuable for investors who may need to access their funds quickly in case of an emergency or to take advantage of other investment opportunities.

Short-term investments offer investors the opportunity to preserve capital, generate income, and take advantage of short-term market opportunities. They are highly liquid, but may also carry a higher level of risk compared to long-term investments. This is especially true for short-term stock or cryptocurrency trading.

On the other hand, some short-term investments, such as include money market accounts, certificates of deposit (CDs), Treasury bills, short-term bonds, and high-yield savings accounts, may actually offer more security than long-term investments.

Top 7 Short-Term Investments in 2023

Here is a breakdown of short term investment vehicles and the risks associated with them:

1. Cryptocurrencies

Time Frame: 0-6 months, and longer
Risks: Volatile and can be illiquid

Some fortunate cryptocurrency holders saw massive gains in the past several years due to the unprecedented runs of coins like Bitcoin, Ethereum, and Litecoin.

Some of the key advantages of investing in crypto (in addition to the ease of opening an account) are the returns you can make from such a small investment. For instance, the value of gold rose roughly 18% over the past year in 2017. Google shares are up 24%. Some cryptocurrencies have had gains as high as 2000% in the past year.

securely through eToro’s website

This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) and USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections and not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.
Best For:

Active and Global Traders
securely through Gemini Crypto’s website
securely through Voyager’s website

*Other fees may apply.

2. Options Trading

Time Frame: 0-6 months, and longer
Risks: Timing for entries/exits is critical

Options trading is actually quite similar to trading stocks. One key difference is that an option is a contract to buy or sell a stock at a price that has already been negotiated in a contract, and by a particular date.

Options also typically have much lower commissions, and depending on which brokerage you are using, they are typically pretty transparent about hidden fees. You can even choose a discount brokerage account if you are looking to trim costs even further. A major attraction to options is leverage, which gives you the ability to control much more stock via cheaper options than purchasing shares of the underlying issue. When purchasing options, you cannot lose more than your initial investment. It’s not the same with stocks. Buying and holding stocks overnight on margin can result in steep losses if bad news comes out overnight.

3. Futures Trading

Time Frame: 1-3 years, and longer
Risks: Timing for entries/exits is critical

Futures initially were designed to be focused on agricultural commodities to allow farmers the ability to hedge against the prices of their crops before bringing them to market. They have since, however, expanded to cover a range of other assets, from gold and other precious metals to energy assets such as oil. Leverage is an important component in futures trading. In addition, the futures market is nearly a 24-hour market, so futures can be traded at night, which is handy if you have a day job, too.

4. Day Trading Stocks

Time Frame: 0-6 months
Risks: High commissions

Day trading is the act of buying a financial instrument and then selling that within the same trading day. This practice is applicable to a number of asset classes including stock, options, futures, and currencies.

This practice was once exclusive to financial firms and professionals, but with advancements in margin and electronic trading, private individuals have the ability to day trade.

5. High-Yield Savings Accounts

Savings accounts are perhaps the most common form of short-term investment. They are usually offered by banks and credit unions, providing a safe and secure place to store your money. Compared to other types of investments, savings accounts offer low risk and a guaranteed rate of return. While interest rates may be relatively lower than stocks or other types of investments, they are ideal for individuals who want to easily access their funds in case of emergencies or unexpected expenses.

Take a look at the best high-yield savings accounts in 2023 here.

6. Certificates of Deposit (CDs)

Certificates of deposit (CDs) are another popular option for short-term investors. When you purchase a CD, you agree to deposit a specific amount of money for a fixed period of time, usually ranging from a few months to a few years. In return, the bank pays you interest at a predetermined rate. CDs are considered low-risk investments, and the longer the term of the CD, the higher the interest rate will be. However, it’s important to note that CDs typically have penalties for early withdrawal, so it’s essential to carefully consider your investment timeline before committing to a CD.

Review the best CD rates on the market here.

7. Money Market Funds

Money market funds are yet another short-term investment option worth exploring. These funds invest in highly liquid, low-risk securities such as Treasury bills, certificates of deposit, and commercial paper. Money market funds aim to maintain a stable net asset value of $1 per share, making them a relatively safe investment choice. While they may not offer high returns compared to other investments, their focus on liquidity and stability makes them an attractive option for short-term investors looking for capital preservation.

Getting The Most Out Of Your Short-Term Investments

In short, identifying the best short-term investments requires a keen understanding of one’s financial goals, risk tolerance, and prevailing market conditions. Know that diversification and a periodic reevaluation are crucial to ensure your short-term investments align with your evolving financial objectives.

Remember, short-term investments are generally held to carry more risk than a long-term strategy. And while they may not generate life-changing gains, they can play an essential role in strengthening your diversification.

Frequently Asked Questions

What are the benefits of short-term investments?

There are several benefits of short-term investments. Firstly, they provide opportunities for quick returns and can be useful for meeting short-term financial goals or emergencies. Secondly, short-term investments often offer better liquidity, allowing investors to access their funds when needed. Finally, they are generally considered less risky compared to long-term investments.

What should I consider when choosing a short-term investment?

When selecting a short-term investment, consider factors such as the interest rate or yield offered, the level of risk you’re comfortable with, and the investment duration. It’s also important to assess the financial institution’s reputation, fees, and any applicable penalties for early withdrawal. Consulting with a financial advisor can provide valuable insights and help you make an informed decision.

Can short-term investments provide substantial returns?

Short-term investments are generally not considered as high-return investments. Their primary purpose is capital preservation and liquidity. While they can generate modest returns, one should not expect substantial gains compared to long-term investments or riskier assets. It’s important to align expectations based on the specific short-term investment choice and market conditions. Remember, before making any investment decisions, it is always advisable to consult with a financial advisor or conduct thorough research to ensure the chosen investment strategy aligns with your financial goals and risk tolerance.

The post 7 Best Short Term Investments For Your Money in 2023 appeared first on Global Finances Daily.