Output Research on Indigenous People’s Group

All Aeta people group have embraced the language of their Austronesian neighbors, which have now and then veered after some time to become various dialects. These incorporate, arranged by number of speakers, Mag-indi, Mag-antsi, Abellen, Ambala, and Mariveleno. II. CUSTOMS/TRADITIONS †¢Religious Beliefs and Practices ?There are disparate perspectives on the predominant character of the Aeta religion. The individuals who accept they are monotheistic contend that different Aeta clans put stock in a preeminent being who rule over lesser spirits or deities.The Mamanua have faith in the incomparable Magbabaya while the Pinatubo Aeta venerates Apo Namalyari. As indicated by anthropologist E. Arsenio Manuel, the Agta have faith in a preeminent being named Gutugutumakkan. Manuel notes other lesser divinities of the Agta; Kedes, the lord of chasing; Pawi, the divine force of the timberland; and Sedsed, the lord of the ocean. There are four signs of the â€Å"great creator† who lea ds the world: Tigbalog is the wellspring of life and move; Lueve deals with creation and development; Amas moves individuals to feel sorry for, affection, solidarity, and tranquility of heart; while Binangewan is answerable for change, infection, and death.These spirits possess the balete tree. †¢Marriage ?After the lady of the hour and the husband to be have taken care of one another with a bunch of rice as far as anyone knows favored by god, a â€Å"mabalian† or a minister leading the custom would delicately thump the couples’ heads to consummate the conjugal pledge. †¢Dressing ?The conventional dress of the Aeta is basic. Material wraparound skirts are worn by the ladies when youthful. Senior ladies wear bark material, and the senior men undergarments. The elderly people ladies of the Agta wear a bark material strip which goes between the legs, and is appended to a string around the waist.Today most Aeta who have been in contact with lowlanders have receiv ed the T-shirts, jeans and elastic shoes ordinarily utilized by the last mentioned. †¢Music ?The Aeta have a melodic legacy comprising of different kinds of agung groups †troupes made out of enormous hanging, suspended or held, bossed/knobbed gongs which go about as automaton with no going with melodic instrument. †¢Livelihood/Handicraft ?The most widely recognized type of Aeta visual workmanship is the scratching found in their day by day instruments and executes. This is done on the external surfaces of different family unit holders/utensils and ornaments.Bamboo brushes are beautified with chiseled rakish examples. Geometric structures are scratched on bolt shafts. They are additionally handy in weaving and plaiting. For instance, the Mamanua, as other Aeta gatherings, produce phenomenal nego or winnowing crates, duyan or rattan loungers, and other family unit compartments. III. Topography/TERRAIN ?Aetas are found in Zambales, Tarlac, Pampanga, Angeles, Olongapo, Pa nay, Bataan and Nueva Ecija. But since of the Mount Pinatubo emission, some of them move to resettlement zones in Pampanga and Tarlac. 2. THE B’LAANS I. CULTURE The essential culture is dry development of a wide scope of food plants including rice, enhanced by food assembling and chasing. Culture change is in a propelled stage. The B’laan language is characterized in a gathering that incorporates the Tiruray and T’boli, which are unmistakable from the focal Philippine gathering. A similar example of dispersed settlements exists among the gathering in spite of the fact that the houses for the most part stay inside sight of one another close swidden fields. Rice, corn, and millet are planted. Corn is bit by bit overriding rice as the staple. Nurseries are planted to sugar stick, bananas, and rootcrops.Each neighborhood is composed under a nearby datu who has self-sufficient authority over a zone contingent upon his own impact. The position is as far as anyone know s innate and adheres to a standard of the firstborn taking on the position. The lebe is what could be compared to the Bagobo magani. II. CUSTOMS/TRADITIONS †¢Farming ?B'laans holds fast to inactive type of horticulture and take part in other monetary undertakings for their means and advancement. Albeit many have adjusted the methods of the advanced Filipino and have been incorporated into the principle body politic, they despite everything accept and practice their indigenous ceremonies and customs.B'laans watch certain customs in their planting cycle. In these customs, they make contributions to their gods mentioning for signs to realize where to best make a clearing for a specific planting season. One of this is the mabah or offering to the divinities mentioning signs that would assist them with picking the fields for planting. B'laans practice swidden cultivating as the fundamental farming technique. They develop rice, corn, sugarcane, banana, papaya, and different rootcrops . A portion of their yields are utilized as trade products in return for devices and different utensils that they need. †¢Marriage ?Parents orchestrate the marriage of the children.They are the ones who choose for their future accomplices. Kids are smothered of their entitlement to won't. The B'laan work on giving of sunggod or lady of the hour cost wherein the lady cost wherein ladies family particularly the dad and close raltives request significant things and creatures, for example, agong, carabao, horse from the men of the hour family. The wedding is administered by a Fulong with the nearness of the older folks in the network. For them, wedding is the merriest festival which generally goes on for four days. The individuals in the network appreciate the saf kain, aparty arranged by the husband to be's family at the lady of the hour's wife.A muli agno (welcome gathering) is additionally being held by the man of the hour for his better half. The men particularly the Bong Fulon g and the Dad Tua are polygamous, men are permitted to have numerous spouses for as they are fit to give sunggod (settlement) and can take care of his family/ies. Having numerous spouses is an image of intensity and impact. To be a Bong Fulong's significant other who can bring forth numerous children represents distinction and high status. †¢Burial ?The B'laan doesn't utilize synthetic substances to protect their dead rather the dead body is wrapped with tadtad or broken bamboo then attached with uway (rattan) and hang in the tree.It ought to be done inside 24 hours from the time the individual kicks the bucket. They accept that draping the corpse in a tree is a type of regard to the dead individual in such a case that it is covered underground, the night crawlers and other soil life forms will benefit from the tissue of the individual while in the event that it hanged the body will break down in a characteristic manner. †¢Music ?The B’laan utilize instruments broad ly with their customs and moves. The instruments run the full scope of idiophones (percussions), zithers (bamboo tubes with strings), chordophones (wooden lutes), and aerophones (woodwinds and reeds). Dressing ?The individuals of these clans wear vivid weaved local outfits and beadwork frill. The ladies of these clans, especially, wear overwhelming metal belts with metal ‘tassels' closure in little metal chimes that messenger their methodology in any event, when they are far off. †¢Livelihood/Handicraft ?They are renowned for their metal works, beadwork and t'nalak weave. III. Geology/TERRAIN ?The B’laans is one of the indigenous people groups of Southern Mindanao in The Philippines. Their name could have gotten from â€Å"bla† meaning â€Å"opponent† and the postfix â€Å"an† meaning â€Å"people†.Other terms used to allude to this gathering are Blaan, Bira-a, Baraan, Vilanes, and Bilanes. The B’laan, are neighbors of the T'boli, and live in Lake Sebu and T'boli regions of South Cotabato, Sarangani, the southeastern piece of Davao and around Buluan Lake in North Cotabato. 3. THE T’BOLI’S I. CULTURE ?Only a couple T'boli are Christian or Islamite. In excess of 95 percent of The T'boli individuals despite everything has their animistic religion. They were scarcely affected by the spread of the Islam on the island. The Spaniards as well, didn't prevail to Christianize the T'boli during the Spanish provincial period.Main reason was that the T'boli pulled back to the hinterlands in the uplands. ?The T'boli despite everything trust in spirits who live on a few places in the indigenous habitat. II. CUSTOMS/TRADITIONS †¢Farming ?In the past the T'boli rehearsed the crude method of agribusiness â€Å"slash and burn†. â€Å"Slash and burn† implies that the individuals will free a section from the woods by cutting the huge trees and consuming the lower and littler trees and brambles, a fter which they utilize the cleared plots as arable land for certain years with no fertilization.Rice, cassava and sweet potatoes were the most significant agrarian items. Close to that, the individuals went chasing or looking for extra food. For a considerable length of time slice and consume is not, at this point conceivable. The woodlands are passed by concentrated financial exercises as foresting. At present The T'boli live in the mountains. Horticulture is the main wellspring of pay. A few outsiders, in collaboration with the guide association Cord Aid, prevailing with regards to building up certain hectares of arable land over the most recent couple of years. All things considered, the T'boli live in poor conditions; a battle for live. †¢Courtship Blit B'laan is a romance move of the B'laan individuals of Davao del Sur in which the artists copy the conduct of woodland fowls in the mating season. Two male artists that speak to lavishly plumed male winged animals eye three females. The females attempt to escape the guys, covering their heads under the care of them, which are spoken to by their malongs. In any case, the forceful guys seek after them. †¢Marriage ?Sla-I (marriage courses of action) are viewed as lousy without t’nalak during the trading of kemu (conventional properties, for example, legacies, gongs, ponies, work creatures, old blades and other inborn ancient rarities. †¢Burial Just like the different indigenous people groups in the nation, the T’bolis of South Cotabato in Southern Mindanao has intriguing internment customs. Lamenting beginnings when the tau mo lungon (final resting place creator) or a senior who has been brought to find out the passing gives a tweaking cry. After hearing the cry, the relatives begin sobbing. In the event that the dead is

Compare&contrast Essay Example | Topics and Well Written Essays - 500 words

Compare&contrast - Essay Example In spite of the fact that I love composing, yet I used to feel incapacitated where articulation, interpreting and sentence structure were concerned. Nonetheless, I didn't lose heart yet attempted my best to stay aware of it, by augmenting my jargon and clearing significant questions with my teachers who were so reassuring. Bit by bit, as time passed by I found that there was sure improvement both in my discourse just as composing capacities. When looking at the two dialects, I ran over many significant complexities among them and this is the motivation behind why a Chinese individual communicates in English in an alternate way. One such difference between the two is the utilization of action word endings, for example, ‘ed’ or ‘ing’ which isn't found in the Chinese language and this makes it hard to utilize a sentence with the right tense. Another significant complexity I discovered was the utilization of articles like ‘the’ and ‘a’ particularly when utilized before a thing. For instance, an English talking individual would state †‘The mango is good’ while a Chinese individual would state †‘Mango is good’. Another difficult viewpoint when contrasting the two dialects is the utilization of ‘s’ for plurals in English. This isn't the situation in Chinese since they pass on number dependent on the setting of their sentences. There are additionally significant differentiations where elocution and sounds are concerned. The sounds in the Chinese language don't exist in the English language and the other way around. These and numerous different differences truly present exceptionally testing to worldwide understudies yet as we make ourselves progressively acquainted with the language it turns out to be a lot simpler. Initially, it appeared to be a hard errand to compose with great articulation and not commit errors however Professor Waluconis has been so persistent and empowering and I feel fulfilled that I took in a ton from his classes. I have figured out how to sort out my musings and compose a postulation proclamation which draws out the principle thoughts in a bit of composing. My talking and composing capacities

NASA risk management analysis Essay Example | Topics and Well Written Essays - 750 words

NASA hazard the board investigation - Essay Example The shortcomings plainly demonstrated in the RIDM procedure flowchart incorporate comprehension the stakeholders’ desires. In any association, the quantity of partners and their desires can be particularly unique, consequently causing a significant conspiracy of characterizing their general desires. This will make it significantly harder to make a presentation estimation investigation, along these lines, making one more motivation to begin the initial step once more. Beginning again from stage one will require the utilization of assets both material and money related and an augmentation of the time distinction made should be either supplanted or actuated into an extra time framework. Another shortcoming is if the forced limitations are changed amidst assessing the exhibition of the proposed choices. On the off chance that the forced limitations are adjusted, at that point the whole research should start from the initial phase so as to cover all zones of recognizing dangers and openings. Subjective measures characterize the way where reports of the presentation measures are introduced in a developed scale (NASA, 2011). With regards to the portrayal of information from the RIDM procedure of the exhibition estimates stage, the data won't contain any numerical data. Everything about be introduced in developed scale that venture the rank terms. This kind of information introduction requires proficient quality examination aptitudes to decipher the data and make it a lot simpler for everybody to get it. Innovation availability level is one case of a parameter that estimates quality execution. The primary test in utilizing quality measures is that there are an excessive amount of verbalized substance in the reports when the open who will audit it would much rather have an outline of it to set aside on the time spent exploring it. This can even impact the absence of audit of this data that is foremost while leading the RIDM method. Because of the unpredictability of the data introduced, the aptitudes

Stereotypes In Childrens Storybooks Essay Example | Topics and Well Written Essays - 1750 words

Generalizations In Childrens Storybooks - Essay Example It has been a training that children’s book have depicted individuals with handicap in a negative way. A portion of these generalizations attest that individuals with inability are disgraceful and pitiable. In this sense, this picture is generally written in children’s book, which thus causes youngsters to build up a contrary psyche about handicapped individuals. Likewise, generalizations of handicap in children’s writing or book have depicted individuals with incapacity as objects of animosity or brutality. For example, since debilitated individuals can't shield themselves, they are delineated as acceptable casualties or ploys of wrongdoing (Stuart 2006, 51). Further, incapacitated individuals, for example, the visually impaired are delineated as insidious or evil. This generalization is the most widespread extending from fantasies to accounts of how visually impaired individuals lost their sight in light of wrongdoing or corrupt practices. Thus, it leaves an ad verse impression that crippled individuals are evil and in this manner, they ought not be related. Furthermore, youngsters' book makes a feeling that individuals with inability ought to be utilized as air by portraying them as lacking characters. It has been a typical wonder that kids storybooks delineate impair individuals as â€Å"super crip† in that for them to be acknowledged in both society and children’s storybooks, they are put in circumstances of being over-achievers (Baumeister and Bushman 2010, 41). Along these lines, people with incapacity are believed to be offered with super powers, for example, paraplegic investigator. Children’s storybooks have delineated people with inability as funny. In a similar way, there exist ethnic jokes in children’s books. Children’s books make continuous or standard utilization of such jokes as contrivance to improve and encourage the plot of the book. For example, a visually impaired individual or an outw ardly disabled individual turns into the reasonable item for some jokes (Judd and Park 1993, 109-111). This shows an uncaring and absurd portrayal of people with

Does Renting Your Home Really Mean Youre Throwing Money Away

Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC. Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC. Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC.

Does Renting Your Home Really Mean Youre Throwing Money Away

Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC. Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC. Does Renting Your Home Really Mean Youre Throwing Money Away Does Renting Your Home Really Mean Youre Throwing Money Away? Does Renting Your Home Really Mean Youre Throwing Money Away?There are many benefits to home ownership, but its supremacy over leasing isnt nearly as clear-cut as some would have you believe.It’s a question as old as real estate itself: Should you rent or buy? You need a place to live, and those are generally the two options. So which option is better? That’s what you’re reading this article to find out!Of course, there isn’t just one answer that would fit every situation, or else you probably would have learned that answer before coming to this article. However, some people lean far more towards one option than the other.In fact, you may have heard people say that renting a home or apartment is “throwing your money away.” But is it actually? And why would they say something like that?Let’s find out!Homeownership means home equity.  On a basic level, you likely already know the difference between renting and buying something. Typically, if you’re purchasing an item, y ou’ll own that item after you pay money for it. If you’re renting it, then you get to use it for as long as you’re willing to regularly pay for the use.When it comes to a home or apartment, few people will be buying a property with one big lump sum of cash. It’s far more likely that a buyer will take out a mortgage, which is a loan used to pay for a house. The loan is paid down monthly and accrues interest while the home acts as collateral, meaning it will be seized by the bank if the owner can’t make their payments.“When buying a home you can take advantage of tax breaks such as deductions on interest rates and deductions on annual real estate taxes paid based on the assessed value of your property,” explained the experts at Redfin (@Redfin). “Homeowners pay monthly mortgage payments, gradually reducing the principal mortgage amount over time while the property keeps on increasing value, and you as a homeowner can build equity and increase your stake of ownership in the property with every payment.“And if you decide to sell your house you will get enough money to pay off the loan, and earn a little extra that you can use to purchase another house. In contrast, renters still make a monthly payment, but these funds do nothing to contribute to the renter’s long-term wealth.”Because renters do not build equity, many people will claim that renting is “throwing money away.”But there are benefits to renting, too.Of course, renting is not literally the same as throwing your money away. If spending money on something you will not own forever is throwing it away, then why have we been burning cash on all of this worthless food every day?In fact, not only can renting be the more sensible choice in many situations but owning tends to have its own forms of “throwing money away.”“Many people think renting is ‘throwing your money away’ but every person’s situation is different,” advised Ivan Chong, founder of Lazy Finances (@Lazy_Fina nces). “If you plan on moving every few years, renting might make sense over buying. Every time you buy/sell a house, you get hit with closing fees which are a significant amount of money. Mortgage interest, property tax, and homeowner’s insurance are all ‘unrecoverable expenses’ similar to rent, though you can deduct some of them off of your taxes. These effects are amplified in high cost of living areas.”Even if you are certain you want to own a home, that doesn’t always mean the present is the best time to buy one. If the time is not right to buy a home, then renting will actually save you money in the long term, not waste it.“The housing market fluctuates. If you need to sell it is possible that the market may be flat, and you can lose out on your investment,” explained Jared Weitz (@jaredweitz), CEO and Founder of United Capital Source Inc. “Fight this off by following the general rule of looking to buy a home when the interest rates are low, and the market is heading down. There are many hidden costs of home ownership, and renting shouldn’t always be looked at as ‘throwing money away.’“If you plan to spend less than three years in a home and have minimal money saved for a down depositâ€"look at renting. Unless you have 20 percent of a home cost available for a down payment, you will need to also factor in mortgage insurance payments.Additionally, if you look to buy in a condominium or housing community, HOA and maintenance fees will be included in your monthly payment. This adds additional cost to home ownership, making renting more appetizing while you save up.”Figure out what makes sense for you.One of the worst real estate choices you can make is one that you feel pressured into, against your better interests, because of generalizations you’ve been told.“The biggest mistake I see people make is buying a ‘starter home’ simply because they’re ‘sick of throwing away money’ or they feel pressure to take the next s tep into adulthood,” warned Stephen Caplan, financial advisor at Neponset Valley Financial Partners. “All sorts of evidence suggests that many young people end up regretting their home purchase because they didn’t know exactly what they were getting themselves into.The longer you live in a home, the more likely you are to reap the benefits of homeownership. On the flip side, your home purchase can turn into a disaster if your time horizon is too short.”Want to hear about someone’s personal experience navigating these choices? Here you go!“For myself and my husband, we chose to rent for the first 4.5 years of our marriage,” recounted Amanda Kintz, of Crunchy Hippie Life (@MsCrunchyHippie) and author of Dirt Cheap Adult: A Millennials Guide to Life on a Budget. “Renting allowed us options to move almost painlessly to different opportunities as they became available, rather than waiting and stressing about having to sell a house.It also significantly lessened the burden on us as a newly married couple building up their bank account since we didnt have to find things like emergency repairs or home improvements.“While we do own a home now, we are very thankful for the time we spent renting as it allowed us the freedom to save money and explore job opportunities (including moving to three different states!). I know we would not have been able to do that if we had been homeowners.”Older homeowners might be better off renting.It’s always a good idea to examine the specifics of each situation, rather than trying to adhere to general rules. For example, you might think an older person who is not planning to move would be the ideal candidate for home ownership, assuming they can afford it. But that’s not always the case.“As it relates to older clients I will often recommend renting instead of buying especially for second or vacation homes,” explained T. Eric Reich of Reich Asset Management. “Even renting a primary residence can be smart for older clients. My argument for renting is that while you may be physically able to maintain the home today, will you still be able to in 10-15 years?For a 65-year-old, many can’t answer that question confidently. The downside, of course, is that the rental could be sold and you could have to move at an age when you are least inclined to do that so it depends on the rental.“Personally, I’m not going to be climbing ladders or mowing lawns at age 80+ and hiring someone to do that work only adds to the cost of ownership. I’d rather see that money in their pocket working for them instead.As to the concern of leaving your house to your kids, I understand that most everyone wants to do that for their heirs yet almost no heirs actually want it, or if they do, they can’t afford it or afford to buy the other heirs out of it. What heirs really want is cash, not the house and all the issues that come with disposing of it.”Figuring out the best choice for you may not be as snappy a s logan as “renting is throwing your money away.” It does, however, have the benefit of being true more often. To learn more about housing-related financial issues, check out these other posts and articles from OppLoans:A Thrifty Person’s Guide to DownsizingHow Much Money Do You Actually Need to Buy a House?Is Rent-to-Own a Good Way to Purchase a Home?How You Can DIY Your Way to Cheaper Home MaintenanceDo you have a   personal finance question youd like us to answer? Let us know! You can find us  on  Facebook  and  Twitter.  |  InstagramContributorsAfter spending nearly four years in New York City as an investment consultant, Stephen Caplan moved back home to the Boston area in August 2016 to join  Neponset Valley Financial Partners as a wealth manager. Upon his return, it soon became obvious to Stephen that one particular issue was affecting the financial lives of fellow millennials much more than anything else: student debt. Stephen has since become an expert on student loan r epayment planning and recently earned the Certified Student Loan Professional (CSLP) designation. His practice focuses on helping young professionals integrate personalized student loan repayment strategies into long-term financial plans.Ivan Chong is a tech executive based in Silicon Valley. Ivan started  Lazy Finances (@Lazy_Finances) to help busy people like himself better understand personal finance and to show them ways to lazily save on their everyday expenses.Amanda Kintz (@MsCrunchyHippie) is a Registered Nurse. After living on an income of just $16,000 with her husband in 2014, Amanda discovered a passion for educating and empowering people to live a lifestyle of wellness in both body and finances. Her creative ideas for living a healthy and financially free life can be found on her blog, CrunchyHippieLife.com, and her new book, Dirt Cheap Adult: A Millennials Guide to Life on a Budget, now available on Amazon and Barnes and Noble.com.Redfin (@Redfin) invented map-based rea l estate search in the US. Then they hired their own agents to put consumers first. Redfin Agents are accountable for helping clients buy and sell the right home, at the right price.Eric Reich is President and founder of  Reich Asset Management, LLC. He relies on his more than 20 years of experience to help clients have an enjoyable retirement. Using his Enjoyable Retirement Solution, Eric helps retirees maximize retirement income while preserving their principal. He believes that, for many retirees, preserving principal is more important than trying to beat the market. Eric is a graduate of the Richard Stockton College where he earned a Bachelor of Arts in Business Management. He has since become a Certified Financial PlannerTM professional, obtained his Certified Investment Management AnalystSM (CIMA ®) and earned his Chartered Life Underwriter ® (CLU ®) and Chartered Financial Consultant ® (ChFC ®) designations.Jared Weitz  (@jaredweitz)  has been in the financial services indust ry for over 10 years. Due to his extensive work experience and deep network of close financial relationships, he handles a multitude of different finance options for his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S. Some of his roles have been: Underwriter, Director of Business Development, Managing Partner and currently, CEO of  United Capital Source, LLC.

Value of RFID Technology and Risk to Privacy Research Paper - 1925 Words

Value of RFID Technology and Risk to Privacy Research Paper (Research Paper Sample) Content: RUNNING HEAD: RFID TECHNOLOGYValue of RFID Technology and Risk to PrivacyName:Course:Tutor:Date:The Value of RFID Technology and Risk to PrivacyThe RFID Technology which refers to the Radio Frequency Identification is a type of technology that falls under the category of automatic identification technologies and which has gained a lot of use from many companies for more than a decade now. It has its origin in the tolling tag following innovations in technology and internet (Clampitt, 2007). The generic term is commonly used in the description of a system used in communication and makes use of radio waves to wirelessly transmit a persons or objects identity normally in the form of an exclusive serial number. It contains a tag consisting of a microchip with the ability to store up to 2 kilobytes of data attached to a radio antenna mounted on substrate  (Association for Automatic Identification and Mobility, 2011). With the frequency with which the technology is devel oped and the wide utility of tags it is gaining quick attention hence being more persistent and invasive for its ability to track moving objects. It is commonly used for security long biometric technologies. Additionally, it is used every day and all around us as in the case of payment of gas by use of Speed Pass or ID tagging of pets by chipping. With regards to its importance, the challenges related to RFID technology and their solutions will also be discussedThe system is made up of three components; the antenna or coil, a transreceiver that contains a decoder and a transponder or RF tag usually programmed electronically with unique information. The application of this technology is chiefly significant as it enables a portable device known as a tag to transmit data. This depending on the specific application is read and processed the RFID reader. Subsequently, from this transmission of data, identification or information location is provided by the tag. It is also important in th e provision of a tagged products specifics with regards to its price, color and its purchase date using its own unique number for identification.The RFID contains numerous functions which can be useful both currently as well as in the future. For example, there is a dire current need to give a high level of security for vehicles. With implementation of RFID technology, this has been made possible in countries employing it for vehicle registration as it helps to detect and retrieve stolen cars. It has also been made use of during payment where mobile phones are connected to bank accounts making it simple to pay bills through the phones and serve the purpose of a loyalty card (Swedberg, 2002). These include tracking of assets which are either often stolen or lost, underutilized or generally hard to locate when they are required by placing on them the RFID tags, manufacturing where it has been applied for over a decade to manufacture plants. In this case it tracks the parts and work process to reduce defects, enhance throughput and product management of a products different versions. In addition it is applicable in supply chain management in closed loops or automate parts of supply chainsAs well as tracking shipments among the partners due to emerging standards. The technology also plays a significant role in retailing to improve the efficiency in supply chains and provision of highly demanded products, in payment systems such as in road tolls without the necessity to stop. Another useful area is in security and access control to control those who have access to certain buildings. On the other hand the technology can also be employed in member identification that concerns locking and even unlocking of cars.Apart from the identification of items, RFID is gaining popularity in hospital settings where it is used for the identification of patients. This is by use of tags to prevent the mix up of specimen hence decreasing the incidents of death or injuries caused by errors therefore increasing the safety of patients (Bacheldor, 2007). However due to the various side effects associated with this technology a lot of research is still in progress. Besides all these functions the RFID has in addition a wide range of benefits. An example is its convenience and its reduction of wear and tear evidenced by the use of badges by employees to unlock doors as opposed to keys or use of magnetic stripe cards.Association for Automatic Identification and Mobility identifies significance due to the evolution and proliferation of this technology and innovation of its loads of application in solving both common and unique problems in business. It is therefore able to be read items contained in cartons or containers and many at a time from several meters away without the need to be seen which is of great advantage to retail and grocery stores. This is unlike bar codes which are only read one at a time (Clampitt, 2007).However, as in the case with all other new te chnology, the use of RFID technology has elicited a great amount of controversy with respect to privacy. Critics argue that the sensitive data concerning an item can be gathered from a distance without the knowledge of its owner. In addition it is easy to locate the purchaser of an item paid for by a credit card in addition to a loyalty card. This can be attained by the global reading of the unique identification number of the item found on the RFID tag since they retain their functionality even after the purchase of the products. The major concerns are therefore the ability for the technology to be used in surveillance and unrelated functions with regards to the roles intended in the inv...