Stock prices & business profits are not at all linked in the short-term, but they are 100% linked in the long-termWatch the business, not the stock

It's a FAR bigger mistake to sell a mega-winner early than it is to hold a mega-loser too long.

Compounding pays off the most in the out-yearsOptimize for longevity first, everything else second

In the beginning, focus the vast majority of your effort on boosting your income & savings rate

Analysis paralysis is realOnce you know enough, decide.

The P/E ratio is only useful when a company is fully optimized for profits (stage 4)It's most deceiving in stages 3 & 5

If you rarely sell, your portfolio will concentrate itself

Invest with CEOs that under-promise and over-deliverAvoid CEOs that do the inverse

Stop-loss orders should really be called Stop-Compounding Orders

"Do nothing" is almost always the right move.

I've been investing for 18+ years I've made TONS of mistakes along the way here are 10 critical investing lessons I wish I could teach my younger self:

personaldevelopment

Personal Development

moneyandinvestments

Money & Investments

10 critical investing lessons I wish I could teach my younger self

Getting involved in crypto mining means you’ll be able to generate coins on your own with no need to purchase them from someone else. You’re going to need a powerful rig, and even then, there’s no guarantee to make money from this endeavor. Most cryptocurrency mining computers rely on very powerful GPUs, costing hundreds to thousands of dollars.You’ll need to spend money on the electricity that powers your computer. Depending on which coin you want to buy and the competition you have  ( + other variables), you could end up spending more money to operate your rig than you make with the mining.

Building a Crypto Mining Rig

Most people buy and sell coins through a marketplace. With the right market, you’ll have even hundreds of cryptocurrencies to choose from, and you can buy in tiny increments, sometimes securing a transaction for less than $100.Most cryptocurrency brokers charge money for this service, so you’ll pay a bit more than the total purchase price of your transaction (it's a negligible cost).If you’re interested in trading coins frequently and taking advantage of the small spikes and valleys that occur throughout the day, you’ll need a significant amount of capital, and you’ll need to be prepared to ma<warningtag>ke substantial transactions.</warningtag>

Purchasing Currency

If you have a powerful computer, you can set up a rig to mine cryptocurrency on your behalf, to generate the resources yourself. There are just a few problems with this idea.<ul><li> GPUs and other necessary computer components tend to be very expensive for starters, compromising your potential profitability. </li><li>Crypto mining is also highly competitive and energy-intensive. This means you may end up spending more on electricity than you make generating cryptocurrency.</li><li> Unless you know what you’re doing, you’re probably better off buying and selling crypto on the market.</li></ul>

The Rig Problem

You can purchase $20 of Bitcoin right now, but if you don’t have $20 to spare, that’s not going to do you much good.Small scale transactions like the one above shouldn’t be a problem for anybody. But, if you’re living paycheck to paycheck or if money is inordinately tight, you might struggle to save up enough to build momentum.There are several ways to handle this. For example, you could pick up a second job or a side gig to make some extra money. You could move to a cheaper location or cut expenses that are no longer relevant to you.

The Free Capital Problem

Just because you can invest in cryptocurrency doesn’t necessarily mean you should. Cryptocurrency is an uncertain investment wrought with volatility and regulatory complications. There’s never a guarantee that any cryptocurrency will increase in value or even hold its value. And, many new cryptocurrencies entering the scene end up being flagged as scams.If you’re interested in protecting your investment and maximizing your long-term gains, you shouldn’t invest all your money in cryptocurrency, especially if you don’t have much money to spare.

The Portfolio Balance Problem

Many people who delve into cryptocurrency are excited about the notion of turning a $1,000 investment into millions of dollars in wealth.While this is possible, it’s unlikely, and to the extent possible, it will take a long time to unfold. For example, even if you saw an average return of 10% per year, it would take 73 years to turn $1,000 into $1,000,000.

The Time Problem

Even if you spend months reading about cryptocurrency, studying historical trends, and doing your due diligence for each of several different currencies currently being traded and speculated on, you still might make some bad decisions.You could end up losing your initial investment, plummeting the principal back to zero. Or, you could make a handful of bad trades that completely negate whatever gains you made from your first trades. You could even end up holding onto a cryptocurrency with no realistic future. Even with a lot of money, becoming a competent cryptocurrency investor takes time.

The Learning Curve

It&#8217;s easy to write off cryptocurrency investing as a rich person&#8217;s hobby or an activity with a ridiculously high barrier to entry. However, the mechanics to invest in crypto are...

crypto

Cryptocurrency

technologyandthefuture

Technology & The Future

How Much Money Do You Need to Invest in Crypto?

If you start a sole proprietorship or a partnership, you could be held personally liable for almost anything related to the business; that means you will be responsible for paying any business-related debts you incur and you could be sued by your clients, employees, etc.If you start an LLC, you'll have some degree of liability protection. These business structures allow your business to be treated as if it were an individual of its own. The business itself can take out a loan, incurred debt, and be the target of costly lawsuits - reducing your personal exposure to these financial risks.

Establish an LLC (limited liability company) or a Corporation

New business owners are tempted to fund the business themselves, even if they don't have the savings to cover those expenses. They take out personal loans, max out their credit cards, or incur debt in other ways to get the money they need.A few minor expenses here and there won't hurt you, but for the most part, you should never take out personal loans. Instead, work with investors, tap into your savings, or rely on your business credit to take out loans in the business's name.

Never Take Out Personal Loans

<ul><li>Budgeting and frugality: Be smart with your budgeting and try to remain as frugal as possible.</li><li>An emergency fund: Set aside at least enough money to cover a few months of personal expenses.</li><li>Tax-advantaged investment vehicles: With any extra money, use tax advantage investment vehicles to maximize your savings and plan for retirement. </li></ul>

Focus On Independent Saving Strategies

Try to diversify your income streams, both inside the business and on a personal level.<ul><li>Within the business, that could mean selling multiple different types of products and services, monetizing your content or applications in different ways, or even targeting different audiences. </li><li>The same principle applies to you as an individual. You can diversify your income streams by investing in dividend-paying stocks, investing in real estate, starting independent blogs or websites, or even picking up side gigs.</li></ul>

Diversify Your Income Streams

The right strategies can help you minimize your personal financial exposure when starting a business.

entrepreneurship

Entrepreneurship

business

Business

startup

Startups

artsandculture

Society, Arts & Culture

The 4 Most Important Ways for Entrepreneurs to Mitigate Personal Financial Risk

Recently, the concept of practicing <a href="https://thehumancondition.com/mindfulness/">mindfulness</a> has gained in popularity, becoming at least three times more commonplace in the United States over the last decade.<a href="https://www.mindful.org/meditation-is-the-fastest-growing-health-trend-in-america/">1</a> <a href="https://thehumancondition.com/mindfulness/">Mindfulness</a> is the state of <a href="https://thehumancondition.com/mindful-awareness-health-and-mental-wellness/">being aware</a> of one’s thoughts and actions in the <a href="https://thehumancondition.com/present-moment-awareness/">present moment</a> in a nonjudgmental manner. Research has linked this <a href="https://thehumancondition.com/mindful-awareness-health-and-mental-wellness/">awareness</a> to greater well-being, positive affect, self-regulation, and protection against <a href="https://thehumancondition.com/mental-health-and-conditions/depression/">depression</a> and <a href="https://thehumancondition.com/anxiety-and-related-conditions/">anxiety</a>.

An Overview of the Mindful Attention Awareness Scale (MAAS)

The Mindful Attention Awareness Scale (MAAS) is a self-report tool that measures an individual’s ability to practice mindfulness in their day-to-day life.

mindfulness

Mindfulness

health

Health

mentalhealth

Mental Health

An Overview of the Mindful Attention Awareness Scale (MAAS) - The Human Condition

When traveling abroad, you'll have to exchange the currency of your origin country for that of your destination, but what determines the rate at which these are exchanged? In short, the exchange rate of a country's currency is determined by its supply and demand rate in the country for which currency is being exchanged.Exchange rate sites make it easier for people to plan their trips abroad, but it's important to note that along with an increase in cost for foreign currency oftentimes comes an increased price of goods and services there.

The Exchange Rate

A variety of factors influences how a nation's currency, and in turn, its exchange rate, are determined, including supply and demand of goods by foreign consumers, speculations on future demands of currency, and even central banks' investments in foreign currencies.

The Factors Influencing Currency

Like any other price in local economies, exchange rates are determined by supply and demand — specifically the supply and demand for each currency. But that explanation is almost tautological as one must also know we need to know what determines the supply of a currency and the demand for a currency.<ul><li>The supply of a currency on a foreign exchange market is determined by the following:</li><li>Demand for goods, services, and investments priced in that currency.</li><li>Speculations on future demands of that currency.</li><li>Central banks occasionally buy up foreign currency to affect the exchange rate.</li></ul>

Short-Run Exchange Rates Are Determined by Supply and Demand

There is at least a rough level to which a currency should be worth, as detailed in the <a href="https://www.thoughtco.com/economics-4133521">Purchasing Power Parity Theory</a>. The exchange rate, in the long run, needs to be at the level which a basket of goods costs the same in two currencies. Thus, if a Mickey Mantle rookie card, for instance, costs $50,000 Canadian and $25,000 U.S., the exchange rate should be two Canadian dollars for one American dollar.

The Worth Of The Currency

The exchange rate is actually determined by a variety of factors, which change constantly. As a result, it's important when traveling abroad to check the current exchange rate in destination countries, especially during peak tourist season when the foreign demand for domestic goods is higher.

The Bottom Line

The exchange rate of a currency is largely determined by the supply and demand of that currency in terms of foreign consumer demand for domestic goods.

What Determines a Currency's Exchange Rate?

Today, it is easy to walk into a bank and transfer money anywhere around the globe, but how does this happen? Behind most international money and security transfers is the <a href="https://www.investopedia.com/terms/s/swift.asp">Society for Worldwide Interbank Financial Telecommunications</a> (SWIFT) system. SWIFT is a vast messaging network used by banks and other <a href="https://www.investopedia.com/terms/f/financialinstitution.asp">financial institutions</a> to quickly, accurately, and securely send and receive information, such as money transfer instructions.

The SWIFT Money Transfer System

<ul>
<li>Society for Worldwide Interbank Financial Telecommunications (SWIFT) is a member-owned cooperative that provides safe and secure financial transactions for its members. </li>
<li>This payment network allows individuals and businesses to take electronic or card payments even if the customer or vendor uses a different bank than the payee.</li>
<li>SWIFT works by assigning each member institution a unique ID code that identifies not only the bank name but country, city, and branch.</li>
</ul>

Key Points

SWIFT assigns each financial organization a unique code that has either eight characters or 11 characters. The code is interchangeably called the bank identifier code (BIC), SWIFT code, SWIFT ID, or ISO 9362 code.
It is broken down as follows:
<ul>
<li>The first four characters: the institute code </li>
<li>Next two characters: the country code </li>
<li>Next two characters: the location/city code </li>
<li>The last three characters: optional, but organizations use them to assign codes to individual branches.</li>
</ul>

The SWIFT Transaction Code

Prior to SWIFT, Telex was the only available means of message confirmation for international funds transfers. Telex was hampered by low speed, security concerns, and a free message format. Telex senders had to describe every transaction in sentences that were then interpreted and executed by the receiver. This led to many human errors.
To circumvent these problems, the SWIFT system was formed in 1973. Six major international banks formed a cooperative society to operate a global network that would transfer financial messages in a secure and timely manner.

The World Before SWIFT

Although there are other message services like Fedwire, Ripple, and Clearing House Interbank Payments System (CHIPS), SWIFT continues to retain its dominant position in the market. Its success is attributed to how it continually adds new message codes to transmit different financial transactions.
While SWIFT primarily started for simple payment instructions, it now sends messages for a wide variety of actions, including security transactions, treasury transactions, trade transactions, and system transactions.

The Dominance Of SWIFT

Initially, SWIFT founders designed the network to facilitate communication about Treasury and correspondent transactions only. The robustness of the message format design allowed huge scalability through which SWIFT gradually expanded to provide services to the following:
<ul>
<li>Banks</li>
<li>Brokerage Institutes and Trading Houses</li>
<li>Securities Dealers</li>
<li>Asset Management Companies</li>
<li>Clearing Houses</li>
<li>Depositories</li>
<li>Exchanges</li>
<li>Corporate Business Houses</li>
<li>Treasury Market Participants and Service Providers</li>
<li>Foreign Exchange and Money Brokers</li>
</ul>

The Users Of SWIFT

The SWIFT system offers many services that assist businesses and individuals to complete seamless and accurate business transactions. Some of the services offered are listed below.
<ul>
<li>Applications for processing clearing and settlement instructions for payments, securities, forex, and <a href="https://www.investopedia.com/terms/d/derivative.asp">derivatives</a> transactions.</li>
<li>Business Intelligence and compliance services.</li>
<li>Messaging, Connectivity, and Software Solutions.</li>
</ul>

Services Offered by SWIFT

<ul>
<li>SWIFT is a cooperative society owned by its members. All members pay a one-time joining fee plus annual support charges which vary by member class. </li>
<li>SWIFT also charges users for each message based on message type and length. These charges also vary depending upon the bank’s usage volume; different charge tiers exist for banks that generate different volumes of messages.</li>
<li>SWIFT has launched additional services. These are backed by the long history of data maintained by SWIFT. These include business intelligence, reference data, and compliance services and offer other income streams for SWIFT.</li>
</ul>

The Commercial Aspects Of SWIFT

The majority of SWIFT clients have huge transactional volumes for which manual entry of instructions is not practical. The need for automation for SWIFT message creation, processing, and transmission is growing. However, this comes at a cost and increased operational overhead.
Although SWIFT has been successful in providing software for automation, that too comes at a cost. SWIFT may need to tap into these problem areas for the majority of its client base. Automated solutions within this space may bring in a new stream of income for SWIFT and keep clients engaged in the long run.

Challenges for SWIFT

SWIFT has retained its dominant position in the global processing of transactional messages. It has recently forayed into other areas, such as offering reporting utilities and data for business intelligence, which indicates its willingness to remain innovative. In the short- to mid-term, SWIFT seems poised to continue dominating the market.

Society for Worldwide Interbank Financial Telecommunications (SWIFT) is the global standard for payment and securities trade transactions.

How the SWIFT System Works

It means taking an extended time-out from your normal life to travel the world on your own terms. Vagabonds work only to travel. They travel solely for the sake of traveling, and therefore earning money is part of their mission to earn the freedom to do just that.So vagabonding doesn’t start with picking a departure date at the travel agent or arriving at the check-in counter at the airport. It starts with saving money, poring over maps, figuring out your destination and your why, and finally stopping to make excuses and putting off your journey.

Vagabonding

“The value of your travels does not hinge on how many stamps you have in your passport when you get home -- and the slow nuanced experience of a single country is always better than the hurried, superficial experience of forty countries.”

Our relationship with money makes us see travel as a luxury, which is why we think of “a vacation” just like we think of a new car or an expensive TV – it costs a ton of money and is a one-time thing.But tightly packed, stressful, calculated flat fee holiday cruises with a fixed budget provide none of the rich experiences travel is really about. If you think there might be a vagabond inside you, the first thing that’ll have to change is your relationship with money.

Change Your Relationship With Money

It means negotiating with your employer for special sabbaticals and long-term leaves of absence.

Constructive Quitting

“Work is when you confront the problems you might otherwise be tempted to run away from.”

<ul><li>Stop expansion. Don’t add any new possessions to your life</li><li>Rein in your routine. Live more humbly and invest the difference into your travel fund</li><li>Reduce clutter. Downsize what you already own (and sell it to make extra money).</li></ul>The goal of preparation is not knowing exactly where you’ll go but being confident nonetheless that you’ll get there. Your attitude is more important than your itinerary.

Simplify Your Life For Vagabonding

“The simple willingness to improvise is more vital, in the long run, than research.”

Vagabonding revolves around the people you meet on the road — and the attitude you take into these encounters can make or break your entire travel experience.<ul><li>To know how to conscientiously spend money on the road, watch what the locals do.</li><li>Be sure to carry photos of yourself, your hometown, and your family to show to people on the road.</li></ul>

The People You Meet On The Road 

<ul><li>Speak slowly, simply, and clearly</li><li>Be patient and try to figure out mispronounced words from the context of what is being said</li><li>Compliment anyone brave (and helpful) enough to try his or her English on you</li><li>Develop a knack for cross-cultural small talk</li><li>Commit a few words and phrases of the local language to memory.</li></ul>

Bridge The “Language Gap”

<ul><li>If in doubt about what to do in a place, just start walking through your new environment</li><li>Don’t make too many arrangements at once as it stunts your spontaneity. Only make advance reservations for one trip at a time</li><li>Wash your own clothes with shampoo.</li><li>Rooms are easy to find so don’t bother with reservations. Exceptions: local festivals, high tourist season, or when you’re arriving at night</li><li>Never check into a room without asking to see it first</li><li>Don’t put your bags into the trunk of a taxi, as this is often used as a bargaining chip by dodgy taxi drivers</li><li>Pre-trip immunizations are vital.</li></ul>

Life on The Road

<ul><li>If you can cook it, boil it, or peel it, you can eat it — otherwise, forget it</li><li>Look for establishments with lots of customers and healthy-looking employees</li><li>When ordering meat, make sure it’s well cooked. Be wary of milk, “beef”, leafy salads, and shellfish</li><li>Avoid non-purified water (ice included) and make sure your bottled water is sealed</li><li>Keep in mind that a restaurant’s food isn’t necessarily healthy (or clean, or tasty) merely because the place has an English-language menu and serves up pizza, club sandwiches, or an “American” breakfast.</li></ul>

Food

<ul><li>Avoid bringing expensive or irreplaceable items </li><li>Don’t brag about the wealth you do have </li><li>Keep cash in discreet places like a money belt, a sock, or a hidden pocket. Be wary of public distractions and dense crowds. This is where pickpockets tend to operate</li><li>When staying at a hotel or guesthouse, keep your extra cash in the safe</li><li>Be wary of pushy new “friends” who insist on giving you free shopping or sightseeing tours.</li></ul>

Crime and Scams

<ul><li>Let go of your pre-trip stereotypes and exchange two-dimensional expectations for living people, living places, and living life.</li><li>Fall into a nightly ritual of partying and you might overlook the subtlety of places, stunt your travel creativity, and trap yourself in the patterns of home.</li><li>Creativity is particularly important after you’ve been on the road for a long time, because inevitably you’ll fall into a kind of road routine.</li></ul>

Vagabonding Is A Rediscovery Of Reality Itself

<ul><li>Returning home can be weird. Everything will look like it did but feel completely different at the same time.</li><li>It’s hard for friends to relate to your travel experiences because they don’t share the values that took you out on the road in the first place. So remember to keep your stories short and save the best bits for yourself.</li><li>Hitting the road to get travel out of your system rarely works, so the best remedy upon returning home is to make travel a part of your system.</li></ul>

Coming Home

Dreaming of working from anywhere? Here are the key things you need to know about starting your digital nomad journey

books

Books

remotework

Remote Work

career

Career

travel

Travel

How To Become A Digital Nomad

Not just a plan of action, vagabonding is an outlook on life that emphasizes creativity, discovery, and the growth of the spirit.

A complete guide to the vagabond approach to travel espouses taking time off from one's normal routine--for weeks to years--to discover the wonders of the world for oneself, explaining how to plan and prepare for travel, simplify one's lifestyle and adapt to life on the road, handle travel adversity, and finally, reassimilate to ordinary life. Original. 15,000 first printing.

INTERNATIONAL BESTSELLER • With a new foreword by Tim Ferriss • “Vagabonding easily remains in my top-10 list of life-changing books. Why? Because one incredible trip, especially a long-term trip, can change your life forever. And Vagabonding teaches you how to travel (and think), not just for one trip, but for the rest of your life.”—Tim Ferriss, from the foreword There’s nothing like vagabonding: taking time off from your normal life—from six weeks to four months to two years—to discover and experience the world on your own terms. In this one-of-a-kind handbook, veteran travel writer Rolf Potts explains how anyone armed with an independent spirit can achieve the dream of extended overseas travel. Now completely revised and updated, Vagabonding is an accessible and inspiring guide to • financing your travel time • determining your destination • adjusting to life on the road • working and volunteering overseas • handling travel adversity • re-assimilating back into ordinary life Updated for our ever-changing world, Vagabonding is an indispensable guide for the modern traveler.

Rolf Potts

Vagabonding: An Uncommon Guide to the Art of Long-Term World Travel

The ‘great resignation’ that came with the Covid pandemic has left many employees in a privileged situation. Shop around, chances are you’ll find someone desperate for help and willing to pay more than your current employer. Then you can politely ask your employer to match/beat those offers.

3 Tips For Negotiating For Better Benefits/Pay At Work.

Negotiations are best done when both parties feel like their needs are being met. human emotion plays a big role in negotiations. It’s not all hard calculations. Sometimes people will be more stingy simply because they think you’re awful.

1. Don’t go in guns blazing

When negotiating an employment situation, what do you care about most? Pay raise? More vacation? More autonomy? Remote work? Now think about your employer and what they care about most. Things, where you care a lot less compared to your employer and vice versa, are where you can make everyone happier. Everything is negotiable.

2. Find mismatched priorities between parties

The more prepared you can be understanding the positions and motivations of all counterparties the better. The more independent data you can bring to support your reasoning (e.g., industry pay comps, research on the tie between worker efficiency and workplace comfort, competitor actions, hard data as well as qualitative reviews showing your impact) the more convincing you’ll be.

3. Be prepared

This tips show basic strategies to employ during negotiations at work.

Starting your first job can be a quite tricky experience, almost like the training wheels came off from your bike halfway through your journey, you are expected to miraculously know things like salary negotiations, pension calculations, interview skills, insurance many of which school did not prepare you for. Employee benefits are one of those things…

humanresources

Human Resources

leadershipandmanagement

Leadership & Management

Employee Benefits: A Not-So Complete Guide To Getting What you Want

Our brain is symmetrical, consisting of left and right hemispheres. However, these two parts have entirely different functions. Generally, in everyday life, we use the left hemisphere of the brain, not using the capabilities of the right. However, it turns out that we can achieve a lot when our brain works as a whole and both hemispheres are synchronized. We become more relaxed and creative, our intelligence increases, we absorb new information faster. You will learn how to get the brain hemispheres in sync from this article.

How do we bring the brain hemispheres into synchronization?

The left hemisphere enables us to think logically, solve mathematical problems, analyze issues rationally, and operate verbal structures. When working with the left hemisphere, we focus on details and encode information step by step. We are concrete and literal.

What can the left hemisphere do?

The right hemisphere enables us to use intuition, see the world holistically, and create syntheses. Thanks to the right hemisphere, we can operate with associations, symbols, and images. We are creative people with great imaginations.

What can the right hemisphere do?

If you use the logic of the left hemisphere and the imagination of the right, your abilities will increase significantly. Your memory and concentration will improve. You will learn and work better and solve problems more efficiently. You might start to be seen as brilliantly creative, who has great ideas, does not make mistakes, and successfully achieves goals. Your self-esteem will increase, your mood will improve, you will be more relaxed and calm. Thanks to the synchronization of hemispheres, you will also have a more significant impact on your life - become more energetic and productive.

What can a synchronized brain do?

Juggling is a straightforward, funny, and effective method leading to the synchronization of brain hemispheres. It develops concentration and eye-hand coordination - which activates many brain areas. Since the left and right hands perform different activities, we start both brain hemispheres working together.

Just juggle

A simple crayon and a piece of paper are enough to change the functioning of your brain. Draw with both hands; start with simple motifs: a Christmas tree, a house, a stitch, a spiral, hearts. It is essential that your mirror hand movements each other. For example, draw the left side of the tree with your left hand and the right side - with your right hand. Gradually, you can make more and more complicated drawings.

Draw

Listening to Baroque music can help you study and concentrate. Thanks to it, you can calm down. When we are in a state of relaxation, it is durable for both brain hemispheres to work together. Reach for composers such as Antonio Vivaldi, Johann Sebastian Bach, or Wolfgang Amadeus Mozart. The effects will surely amaze you.

Baroque music

American Monroe Institute developed the Hemi Sync technology. It is a method of synchronizing the brain hemispheres by emitting sounds of a specific frequency. Thanks to a computer program, it was possible to generate a wave of the so-called differential beats, which produces a sound with parameters corresponding to a person's brain waves immersed in deep relaxation or sleep. The recording is listened to through stereo headphones or speakers in such a way that the left ear receives sounds from the left speaker or headphones while the right ear receives sounds from the right speaker.

Hemi Sync Technology

The SITA method is a method of learning that uses the properties of the state of deep relaxation when the brain is in the alpha state by synchronizing the work of both cerebral hemispheres. It was developed at Bundeswehr University by Prof. Reiner Dietrich. A device working on the principle of biological feedback was used, consisting of, among others, special glasses and headphones.

SITA Method

marketingandsales

Marketing & Sales

communication

Communication

HemiSync – Binaural Beat Brainwave CDs – patented alternative therapies from Hemi-Sync – Monroe Products

Jodi Raffa has been searching for a roommate for over a year. Her husband passed away five years ago, and compounding her loss was a 75 percent reduction in her household income.The 76-year-old lives in a sunny three-bedroom, two-bathroom home overlooking a lake in a 55-and-over community in Groveland, Fla. "I live on a very strict budget and am not able to indulge in any extras at all,” said Raffa, who worked in administrative jobs before she and her late husband retired in 2010. Raffa now views that move as a “hasty decision” in light of her financial circumstances.

Golden Girls Re-invented

In an 1987 interview with NPR, the late Betty White noted that the four women who lived together in “The Golden Girls” did so for social reasons rather than financial necessity. “All that I think we have accomplished is to show that there is an alternative lifestyle,” White told “<a href="https://www.npr.org/2022/01/07/1071242706/fresh-air-celebrates-legendary-tv-actor-betty-white">Fresh Air </a>” about the success of the show. “If you notice, ‘The Golden Girls’ are not together for economic reasons. They’re together for sociological reasons. It combats the loneliness.”

Single Boomers Struggle Finance Not Emotional Support 

Four decades later, the idea of housemates late into adulthood is experiencing a revival, but with financial factors front and center. As boomers live longer and retire without the financial safety net of employer-sponsored pensions, covering the rising costs of food, housing and insurance become major considerations. Linda Hoffman, president and CEO of the New York Foundation for Senior Citizens, which runs a <a href="https://www.nyfsc.org/home-sharing/">home-sharing program </a>, noted an increasing number of applications as finances become more of a stressor.

Where They Are Now

Even before the pandemic, demographics were shifting toward nonfamily households. In 1960, 85 percent of households <a href="https://www.prb.org/resources/u-s-household-composition-shifts-as-the-population-grows-older-more-young-adults-live-with-parents/">were composed </a>of families, according to the Population Reference Bureau. By 2017, that figure had fallen to 65 percent of households. As Americans continue to age, Harrell and others expect growing demand for more housing options. “As a society, we’ve been building and thinking about younger families and building housing and communities for younger people,” he said.

Trends Appeared Long Before COVID

The growing interest in home sharing, especially for those boomers who are house-rich and cash-poor in expensive housing markets, is being cultivated by nonprofit and commercial programs as well as municipalities. Since 2015, New York, Seattle, Denver, Tucson, Northern California and the metro Washington area all have established or are launching programs.

Inspiring New Businesses 

Boomers getting hit financially leaving more stress on housing market and economy 

Baby boomers are moving in together to save money

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