These Cities Cost Student Loan Borrowers Most

These Cities Cost Student Loan Borrowers MostStudent debt is one of our country’s most pressing problems. As of this year, the total amount of student loan debt has reached $1.44 trillion. Paying back the average $37,000-plus loan will be a challenge for millions of students for decades to come. And for some more than others. This means that loan borrowers will have to focus less on investing and more on repayment, less on contributing to the economy and more on simply balancing budgets.

To be responsible and to flourish do not always coincide. Larger cities with higher housing costs will drain more income from a person than smaller towns, while yet offering unique opportunities and venues that attract younger crowds. It’s a classic catch-22. More, perhaps higher-paying, jobs are in the cities, and so are, quite likely, friends and opportunities. Should a young person, with their whole life ahead of them, forgo the city to repay steep student debt, while in the long-term stifling their social life and career?

Credible.com has helped us answer this question in some form: by compiling a list of “Cities where student loan borrowers struggle with debt the most.” Maybe the answer isn’t to forsake the city in general, but only certain cities that have the unfortunate characteristic of demanding higher housing costs without proportionately offering higher wages.

To compile their list, the team at Credible reviewed data submitted by 8,981 applicants from America’s 23 largest cities. The city that makes it most difficult to repay a student loan is San Jose, California, seizing on average 31.47% of a person’s monthly income in housing and student loan costs. This percentage doesn’t include other expenses like food, transportation, or taxes.  What might come as a surprise to many, Dallas, Texas, ranked least expensive among the top 23 cities, nabbing 26.24% of income.

The full list may be found here. Perhaps the question isn’t whether to move to a city, but in which city one might sustainably live. As student loans are one of the few forms of debt that are essentially impossible to dissolve by bankruptcy, they are here to stay. The road that leads directly to a good life, debt free, full of friends and possibilities, isn’t clear to student loan borrowers at this point. However, thanks to the new study by Credible.com, it’s easier to discern which steps one may take to begin the journey.

FORBES SportsMoney Index: Ranking Money in Sports

FORBES SportsMoney Index: Ranking Money in SportsHave you ever wondered who the highest paid athletes in all of sports are? Or the most valuable teams? The most influential brands? To answer these pressing questions of our time, Forbes compiled a unique index to track and rank money in sports.

Forbes describes the new index: “To create the SMI, we’ve combined all of FORBES’ SportsMoney annual valuations lists (sports teams, brands, athletes, agencies) and proprietary financial data into a single ranking that reflects their monetary success and how their values affect one another. This is the first time that a cross-category ranking of sports business influence has ever been compiled.”

The main factor that makes FORBES SportsMoney Index uniquely comprehensive is its mapping of all connections between brands, agencies, athletes, and teams. This is how the aforementioned cross-category ranking is determined. As a result, the financial world may now study how wealth is truly generated and established in the domain of sports.

Admittedly, for us the benefit is a bit less academic, though nonetheless interesting. When it comes to sports, comparing statistics is one of the most satisfying activities of speculation. Below you’ll find the top 3 brands in sports and the top 3 teams and athletes in soccer, basketball, baseball, and football. And for the fans of other sports, below the top 3 we’ve included the most valuable athletes and teams of every other sport ranked in the order they appear. We have not included the number of connections to other brands each brand, team, or athlete has. For that, and more, view Forbes’ fantastic, complete list here.


Top 3 Brands:

1 (#1) Nike

SMI Connections 9 Value: 27.5 B Revenue: $30 B

2 (#4) Pepsi

SMI Connections 4 Value: 19.4B Revenue: 11.8B

3 (#13) Budweiser

SMI Connections 14 Value: 23.4B Revenue: 10.9B


Top 3 Teams:

1 (#2)Real Madrid (Soccer)

Value: 3.6 B

Revenue: 694 B

Operating Income: 162 M

2 (#3) Barcelona (Soccer)

Value: 3.5 B

Revenue: 675 M

Operating Income: 108M

3 (#6) NYY (Baseball)

Value: 3.4B

Revenue: 516M

Operating Income: 13M

Top Teams in Other Sports:

(#10) New York Giants (Football)

Value: 3.1B

Revenue: 444M

Operating Income: 133M

(#11) New York Knicks (Basketball)

Value: 3B

Revenue: 307M

Operating Income: 109M

(#115) Chicago Blackhawks (Hockey)

Value: 925M

Revenue: 173M

Operating Income: 34.4M

(#144) Ferrari (Auto Racing)

Value: 1.3B

Revenue: 455 M

Operating Income: 7M


Top 3 Athletes:

1 (#5) LeBron James (Basketball Cavaliers)

LeBron James is the only top ranked athlete in the index that doesn’t play for one of the top 3 most valuable teams. The Cavs are the 5th most valuable team in basketball and sit as the 38th most valuable team in all of sports.

Just the 3rd player in NBA history to make at least $30 million in salary (joins Jordan and Bryant) Added Intel and Verizon last year, joining Nike, Coca-Cola (Sprite), Beats By Dre, and Kia Motor.

Total Earnings: 86 M

Endorsements: 55 M

Salary: 31 M

2 (#7) Cristiano Ronaldo (Soccer Real Madrid)

Worlds most popular athlete (200 Million social media followers) Nike, Tag Heuer, Sacoor Brothers suits, and Monster Headphones endorsements. 3-time FIFA best player in the world, made at least 50 goals in over six seasons in a row for Real Madrid.

Total Earnings: 88M

Endorsements: 32M

Salary 55M

3 (#9) Lionel Messi (Soccer Barcelona)

Won FIFA’s play of the year award 5 times.

Total Earnings: 81.4M

Endorsements: 28M

Salaray: 53.4M

Top Athletes in Other Sports:

(#19) Eli Manning (Football Giants)

Total Earnings: 45M

Endorsements: 8M

Salary: 37M

(#58) Jacoby Ellsbury (Baseball NYY)

Total Earnings 21.8 M

Endorsements: 600K

Salary: 21.2 M

(#73) Jordan Spieth (Golf)

Total Earnings: 52.8M

Endorsements: 32M

Salary: 20.8M

(#87) Roger Federer (Tennis)

Total Earnings: 67.8M

Endorsements: 60M

Salary: 7.8M

(#126) Denny Hammlin (Auto Racing – Nascar)

Total Earnings: 15.2M

Endorsements: 1.8M

Salary: 13.4M

(#134) Alex Ovechkin (Hockey )

Total Earnings: 12M

Endorsements: 3M

Salary: 10M

#191 Floyd Mayweather (Boxing)

Total Earngings: 44M

Endorsements: 12M

Salary: 32M

Why Smart People Rent: On the Benefits of Renting

Why Smart People Rent--On the Benefits of RentingTrying to decide between renting or buying a home? Of course, buying a home gives the stability of a mortgage. And renting a house or apartment allows for tremendous flexibility of location. But there must be more, right? Is flexibility the only reason to rent?

The Khan Academy has published a video on the difference, mathematically, between renting and buying. They challenge the notion that “buying is always better than renting.” Many people have also challenged the claim. If you haven’t heard, renting is on the up-and-up. According to Appfolio.Com, “2 million new renter-occupied households were added in 2014, while the number of owner-occupied households decreased by more than 350,000.”

Amenities are an often overlooked but important aspect of renting a unit in an apartment complex. If you buy a house, not many conveniences are included. Gyms typically require a $30-$50 per month membership plan. You may have to drive to a far location to play tennis or basketball, or to swim. And, almost certainly, your home will not come with a playground. Imagine all these expenses as monthly fees in addition to your mortgage. However, many apartment complexes include such amenities and more.

Many pro-and-con lists are created for this type of decision. Realtor.Com has a convincing video for the pros of renting. For example, if you rent, you may have access to amenities that, as a homeowner, would not typically be within your reach. Similarly, renters often do not make home repairs. Rather, property managers and landlords take care of them. Many apartment complexes have onsite maintenance and even 24/7 emergency maintenance. Everyday maintenance issues are taken care of by property owners or landlords. Furthermore, you may wake up to an upgraded wifi network, new central air unit, or a newly carpeted hallway.

What renters lack in ownership they gain in freedom. If you don’t like your neighborhood, feel an itch to move, or want to explore the world, renting is a good option for flexible people. Leases aren’t mortgages. With renting, you aren’t locked in for 30 years.

The decision to rent or buy is one of the more important decisions you’ll have to make. The worst thing to do would be to listen to cliches. As we have seen, renting isn’t just for people who want flexible living arrangements. There are reasons to rent long-term.  It is not accidental that rental properties are thriving: the numbers don’t lie.

Renting has many appeals, from communal living to practically maintenance-free living. And renters don’t need to acquire realtors. Many apartment complexes now have their own websites. Utilizing the tool ApartmentsForUs.Com proves that finding the perfect apartment in this day and age is a breeze thanks to the rise of digital marketing.

Boost Cell Phone Reception in Your Apartment

improve cell phone signal in apartmentNot much is more frustrating than trying to talk on the phone when your cellular reception is low. From broken sentences to incomplete words, the conversation is pretty much incomprehensible. The most obvious thing to do is keep your phone charged. A full battery guarantees the best hardware performance. But aside from finding the sweet spot in your apartment, there are a few things you can do to improve your cell phone service.

Wi-Fi Calling

Most phones now have a Wi-Fi assistance option. This is certainly the future of voice calling, and it’s free. All you need is an internet connection. And if your phone doesn’t have a Wi-Fi assisted option, you can simply forego your phone’s default voice calling by downloading any of the number of free Wi-Fi calling apps available on app stores. You can also get free texts through these apps also.

Purchase a Femtocell

A femtocell is a powered base station that connects to your internet service in order to amplify your cell phone signal. It’s basically an in-house cell tower. Through the Wi-Fi, a femtocell bridges the gap between the cell phone tower signal and obstructions (such as your house, its walls, and objects inside the house). It also reduces the number of cell phones using the cell tower directly, thus improving your signal.

It’s a fairly inexpensive solution to what might be a long-term problem. Before you go out and purchase one, research which femtocell might be best for you.

Signal Booster

Another option is acquiring a signal booster through your wireless carrier. This device basically boosts signals from anywhere in your house. For instance, if you can get two bars when you stand nearby the microwave by the back door, placing a signal booster in that area will spread the signal throughout the house, and in many cases will improve upon it.

Basically one of the only free options for improving your cell signal is to connect your phone to Wi-Fi (if the option is available). No matter what you choose, be sure to research to determine the best option to fit your needs.

 

Tips for Working from Your Apartment

working from homeWorking from home can be a huge blessing for some people: you can drink as much coffee as you want! For others, it can be a death sentence. From childcare and errands to cleaning the house and Sportscenter, some distractions you’ll find at home don’t exist at the workplace. But distractions don’t have to ruin the experience for you. These tips will help you make the most of working from home.

Create a Workspace

This is one of the easiest ways to remove distractions. Create a workspace you’ll enjoy seeing and working in. Make it extremely personal. You can do this: you have the freedom of your home. But whatever you do, leave that television in the living room. And never bring your phone or phone charger to the workspace. You’ll probably want a coffee pot though, right?

Dress like You’re Working

I know, it’s very tempting to stay in your pajamas all day. But it might also encourage you to take a nap, watch TV, or check your Instagram. This is because you’re basically dressed to lounge around. Continue with your normal morning routine when you work from home, but instead of going in to work, you’ll be able to just go to a different room in your apartment. You’ll feel more energetic and ready to work if you don’t make working from home like a day-off.

Take a Walk

When you’re feeling drowsy or uninspired, simply take a break. But don’t just watch TV or check your phone. Get outside the apartment. Take a walk around the neighbor or exercise for half an hour. Make sure you’re off the clock. But getting your mind off work every once in a while might actually boost productivity and energy.

Working from home can be extremely rewarding. Follow these tips and you’ll be just as productive, if not more so, than when you drive to the office.

How Renting is Greener than Owning

renting is greener than owningWhen you think about it, the average apartment unit size per family size is probably smaller than the average house size per family size. This, at the outset, gives an advantage to renters: with a smaller area, you’ll use less energy to provide heating or cooling to satisfy the same amount of people. But some statistics, provided by the Federation of Rental-housing Providers of Ontario in 2012, may surprise you. It turns out that renting is significantly greener than owning.

Statistics[i]

APARTMENTS ARE GREENER THAN SINGLE FAMILY HOMES

  • 65% less energy use per household
  • 40% less water per capita
  • 60% less waste 10 km shorter commute distance to work

RENTERS ARE GREENER THAN OWNERS

  • 50% less energy used per household 8.4 km shorter commute each day
  • 32% less likely to use a car
  • 150% more likely to take transit
  • 175% more likely to walk

This is good news. Not only is the rental market booming in the United States, but other green initiatives are combing to create a market climate better for the environment and better for our wallets.

Could there be a better time to rent?


[i]Federation of Rental-housing Providers of Ontario. (2012, February 08). Apartment Living Is Green. Retrieved August 23, 2016, from frpo.org, http://web.archive.org/web/20140208064830/http://www.frpo.org/documents/2012%20Apartment%20Living%20is%20Green.pdf

Gift Ideas for New Neighbors

gift ideasNot much is worse than living next to a neighbor you don’t want to socialize with. The typical neighborly gift is food. But many people have food allergies. Get off on the right foot with these gift ideas for new neighbors.

Introduce to Local Places

Your new neighbor may also be new to the community. Gift cards to local restaurants and coupons to local stores should warm them up. Sharing your favorite places in the community, and giving tips on where to shop for the best deals, is a good way to start the conversation on your interests.

Cleaning Supplies

Cleaning is a universal activity for renters and homeowners. Who doesn’t need more cleaning supplies? Gift your favorite brands, or create your favorite home-made cleaners, and put them in a ribbon-tied basket. It’ll save your new neighbor money and it’s a gift they can use. Show how pragmatic you are with a bundle of cleaning supplies.

Plants

Don’t overdo this one. Especially don’t buy a high-maintenance plant. There’s no need to make your neighbor do work they don’t have to. But everyone can appreciate cleaner air. And the plant could contribute to decorating the new apartment.

A gift for a new neighbor will show your friendly side. And, who knows, maybe you’ll find another person to talk to about Netflix.

Prevent Mosquitoes at Your Apartment

prevent mosquitoesMosquito bites shouldn’t ruin the summer for you. Open the windows and curtains and enjoy the weather from the inside of your home. Keep the mosquitoes away from your apartment this summer with these tips.

Screens

Most modern windows come with screens. But some don’t. You can purchase a low-cost screen to fit any window size at most hardware stores. Lighten things up with some sunshine. Enjoy the breeze and air out your apartment with a window screen.

Seal Windows and Doors

As time goes by, wood splits and houses settle. Basically what this means is sometimes your windows and doors allow a bit of air (and therefore bugs) to get by. Insects crawl through the smallest cracks. You can prevent most bugs from entering your home by purchasing door sweeps and weather strips. Either will take about five minutes or less to apply. It’s worth the peace of mind. Then you’ll also be prepared for winter!

Outdoor Water and Plants

If you have a patio or balcony attached to your apartment, be sure no standing water is sitting in plants, bowls, or chairs. Mosquitoes are notorious for breeding in standing water. Females prefer to lay eggs here. So it’ll also attract males.

If you don’t have plants on your patio, get some. Certain types of plants actually repel mosquitoes. You’ll also add to your balcony’s beauty. What’s the downside? With plants, you’ll get fresh air and, with certain types, a mosquito-free patio or balcony.

Repelling mosquitoes is actually pretty simple. Ensure they don’t ruin your summer by taking simple steps. And if all else fails, use mosquito repellent spray. Enjoy yourself this summer by preventing mosquito bites.

Prepare Your Clothes for Storage

Prepare Clothes for Storage

It’s time to put those summer clothes away for the season. Here are some tips to help prepare your clothes for storage.

Clean

You probably don’t want to pack away clothes with bad odors. But don’t forget your clothes might be stained too. And those stains will become permanent if you let them sit for half a year. Just be sure, wash all the clothes you plan to put in storage.

Pack

Everyone has boxes of some sort lying around. You’ll be tempted to use them. But purchase some plastic containers to store your clothes in. These containers secure your clothes from insects and rodents. And if you have clothes from the drycleaner, don’t just leave them in the drycleaner plastic. They could get water damaged.

If you use a storage facility, like Infinite Self Storage, you can purchase wardrobe boxes to hang up your clothes while they’re in storage. Then you won’t have to worry about creases or folds.

Label

You might think you can just throw everything together. And that’s fine, if you are just going to get everything out once spring arrives. But if you have a more variegated clothing selection, you’ll want to label your items by season or, even, activity. Then you can keep your harvest season clothes in storage while it’s planting season.

Store

Sure, it’s reasonable to think plastic bins will protect your clothes from temperature changes. But they won’t. In fact, they could compound the effects condensation has on your clothes. If you have an expensive wardrobe, invest in a temperature controlled storage unit to protect your clothes from condensation.

If you have any more questions about storing clothes, we encourage you to contact one of our professional storage team members. At Infinite Self Storage, we have solutions to all your storage problems.

How to Break Old Habits and Adopt a Healthy Lifestyle

How to Break Old Habits and Adopt a Healthy Lifestyle

Now the holidays are over, and the New Year’s resolutions are kicking in, it’s time to think about sustainability. Whether you are resolved to eat healthier this year, exercise, or even learn a new instrument, you’ll have to think long and hard about how you’ll accomplish your by-the-end-of-the-year goals. The good thing is you’re not alone. Gaining traction on your New Year’s resolution is a matter of forming a new habit. So it’s important to understand how habits work.

Habits are like Cycles

In an interview with NPR, Charles Duhigg discusses his book The Power of Habit: Why We Do What We Do In Life And Business. Everything we’ve made into a routine, from exercising to cooking, from brushing teeth to cleaning laundry, begins with the same “psychological pattern.” This is called a “habit loop.” It’s really simple, actually: every habit begins with a cue, proceeds by routine, and ends with a reward. That’s it!

Let’s look a little closer. A habit begins with “a cue, or trigger, that tells your brain to go into automatic mode and let a behavior unfold.” Then the routine occurs, which is the behavior itself, or the habit. Lastly, the reward is “something that your brain likes that helps it remember the ‘habit loop’ in the future.”

The interesting thing is habits are formed in the part of the brain that has a major influence on “emotions, memories and pattern recognition.” It’s called the basal ganglia. Why is this interesting? Because it’s a separate from the region of the brain responsible for decision making – the prefrontal cortex. And, as a result, when automation kicks in, when habit loops initiate, the prefrontal cortex goes into hibernation.

This is readily available knowledge, at least by quick reference to experience. Think about how difficult the very basics of reading and math once were. We learned by rote memory, by memorizing the alphabet and times tables, and this period of learning required intense concentration. But after a while these things became second nature. It’s because, like any other habit, our focus, determination, and persistence eventually formed habit loops.

Lessons from in the Loop

Because all habits begin with a cue and end with a reward, it’s important, especially if you have big plans for your health this year – to exercise three or four times a week, to cut out sugar from your diet, etc. – to figure out some sort of consistent pattern to follow when you eat, go to the gym, or whatever you may do.

Maybe before a trip to the gym you listen to music you really like as you prepare, and afterwards you treat yourself to some yogurt. When some people crave a sweet snack, they cut up some apples and eat those as substitutes instead.

With new habits, especially healthy habits, old habits are broken. And this means the power of the reward system established by the old habit loop becomes more and more powerless. As you exercise more, your desire to lay around all day will weaken. And as you stay away from sugar, your cravings will diminish.

For more information on habits and the science behind them, you might also be interested in Scientific American’s podcast episode where Dr. Art Markman discusses things like “How to know you have a habit,” “How to work in league with your psychology to from new habits,” and “How we are more likely to succeed when we view failure as part of the process.”

Conclusion

But, most importantly, remember that habits are like cycles: as you reinforce them, they eventually become as automatic and predictable as the sunrise in the morning. Don’t be discouraged by failure. Every mistake is an opportunity to learn, an opportunity to change, and an opportunity to become better at what you are trying to do.

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