Do You Need A NEW New Year’s Resolution?

Many of us make the same New Year’s resolutions year after year. But why? Isn’t the definition of insanity doing “the same thing over and over again, but expecting different results”? The answer (which some of you already know) is that most people don’t stick to their resolutions. Even with the best intentions, many of us fall off the wagon after as little as one month (80% in fact). If you, like some of us, already have failed your New Year’s resolution, don’t despair! We have some simple tips for setting (and achieving) a new New Year’s resolution, and a couple of suggestions for new areas to focus on as you revamp your 2022 resolutions.

Perfecting Your NEW New Year’s Resolution

There are a number of reasons why the majority of us fail to achieve our New Year’s resolutions. From the psychology behind the word ‘resolution’ to the unrealistic nature of our goals, few of us set ourselves up for success.

Fortunately, Inc. magazine has outlined seven steps we can take when setting a new New Year’s resolution we can actually keep:

  1. Create a measurable goal.
  2. Identify clear action steps.
  3. Set yourself up for success.
  4. Plan for obstacles.
  5. Start when you’re ready.
  6. Track your progress.
  7. Learn from your mistakes.

Money and happiness

Before we delve too deeply into the specifics of each of these steps, however, let’s discuss why we’re talking about setting a new New Year’s resolution in the first place.

Money and financial habits are the biggest source of stress for Americans, according to research conducted by Northwestern Mutual.  Many of us do not budget properly. We do not have an emergency plan nor savings. We rely too heavily on credit cards, ultimately paying the price.

The result? Poor financial health.

Financial Health: The state and stability of an individual’s personal finances and financial affairs. Source: Investopedia]

Poor financial health bleeds into other areas of our lives, putting a strain on marriages and relationships, and even affecting our physical and mental well-being. In fact, 72% of participants in a Financial Stress Survey conducted by the John Hancock financial institution admitted to “worrying about their personal finances at work,” with “one in three doing that more than once a week.” In 2018, Americans’ credit card debt hit a record high of more than $1 trillion dollars, according to the Federal Reserve. And not only are we drowning in debt, but one in four Americans don’t have “even a single dollar saved for an emergency.”

But does poor financial health really have a tangible effect on us? According to a survey from LendingClub, Americans that report poor financial health also tend to have poor physical health. In fact, these Americans are “significantly less likely to practice healthy physical habits (59% do not get routine check-ups and 60% do not get regular exercise) and are more likely to skip preventative health measures due to cost (38%).” The conclusion? “Bad wealth begets bad health.”

‘Bad wealth begets bad health’

Indeed, according to the journal of Anxiety, Coping and Stress, the biggest negative impacts of poor financial health include:

  • Depression and anxiety
  • Migraines
  • Ulcers and digestive issues
  • High blood pressure and heart attacks
  • Disrupted sleep

Even if more Americans are beginning to recognize the importance of financial health, most financial resolutions aren’t helpful. Resolving to “manage finances better,” “rethink financial habits,” or “save more money,” for example, is self-defeating. These kinds of resolutions aren’t measurable, don’t set out clear steps to take in order to achieve your goal, don’t anticipate obstacles, and don’t allow you to track your progress in a meaningful way. Essentially, we’re setting ourselves up for failure rather than success.

A proper resolution should not be summed up in just a few words. If possible, think of resolutions as goals and establish specific tools to achieve them. Set a timeframe, make sure your goal is measurable, keep track, identify ways to keep yourself accountable, prepare for obstacles–they’re inevitable!–and perhaps most importantly, start when you are ready. Choosing an arbitrary start date like New Year’s day doesn’t make sense if you haven’t put a plan in place to achieve your resolutions. Don’t force yourself into a failing situation simply because of social pressure.

What Is a Healthy Financial Portfolio?

A healthy financial portfolio is a diversified portfolio. But what is a ‘diversified’ portfolio? Simply put, diversification is “a risk-management technique that mixes a wide variety of investments within a portfolio.” As NerdWallet puts it, diversification means investing in “different assets that aren’t highly correlated, meaning they don’t move in lockstep. […] Spreading your money around reduces overall risk by ensuring your portfolio’s performance isn’t too dependent on any one particular asset.”

With that in mind, we want to discuss how real estate investing fits into a diversified financial portfolio–particularly because this frequently is an overlooked investment opportunity. Real estate investing is a great way to diversify your finances, earn more, and ultimately save more. Without help, however, learning the nuances of real estate investing can take some time.

That’s why we founded HappyNest real estate app–to provide experienced real estate investors and beginners alike with a simple, easy-to-use way to take advantage of the benefits of commercial real estate investing and provide the education needed for each of you to make the most of those investments.

Portfolio Diversification: Varying an individual’s investments by type (real estate, equities, bonds, etc.) in an effort to reduce the risk associated with investing.

“Another term for ‘diversification’ is ‘asset allocation,'” Michael Crawford, principal and founding member at Nationwide Wealth Management, has said. “Many financial advisors will divide investments by equities and bonds, depending on risk and age. There are other asset classes to consider, including private equity, hedge funds, real estate, and collectibles.”

That’s where HappyNest real estate app comes in.

Achieve Your New New Year’s Resolution This Year with HappyNest Real Estate App

HappyNest simplifies real estate investing to make it easy for anyone to diversify their portfolio. How do you get started? Simply download the HappyNest app to your Apple- or Android-based smartphone, connect your bank account (securely), and purchase shares of a diversified real estate portfolio.

The real estate investment team at HappyNest vets properties under strict guidelines to ensure they add value. Specifically,  HappyNest REIT purchases properties that have long term leases, strong tenant credit, and rent growth. This investment strategy creates a strong real estate portfolio that will help keep your real estate investments and financial portfolio sound.

Done right, real estate can be incredibly profitable (in fact, 84% of real estate investors would happily make another investment).

What Will HappyNest Real Estate App Actually Do For Me?

HappyNest is a mobile app that can allow you to unlock the potential of real estate investing, starting with just $10. Download the HappyNest app and use your smartphone to experience the stability, tax benefits, and wealth creation traditionally reserved for those of advanced means. With us, you can own an equity interest in a portfolio of high-quality commercial real estate and continuously receive dividends for years to come.

Download HappyNest for Apple or Android and experience an app that reflects your priorities. Don’t miss out on the tools you need to establish healthy financial habits and accomplish your goals.

Investing in Real Estate is Not Just for the Wealthy Anymore

Real estate investing used to be a fantasy for most people. It was something that only rich people did with their excess money. But thanks to modern world innovations, that is no longer the case. Real estate investing is now accessible to everyone, no matter your financial wherewithal.

What accounts for this massive shift? Here are just a few of the reasons that investing in real estate properties is no longer just for the wealthy.

Real Estate Investing is a Great Source of Residual Income

It’s no surprise that when you invest in real estate, you are building a source of additional, passive income. Sure some work needs to be done upfront to get things rolling. Still, once you’re situated, even a single real estate investment can provide an excellent source of passive income for non accredited investors. This is what leads so many investors to continue learning and growing their investment portfolios. 84% who have invested in real estate indicated that they would make another real estate investment.

The Best Real Estate Investing Apps Make Things Simple

It used to be the case that real estate investing was complicated and challenging to understand. This lead to its perception as a thing that was only meant for the rich and wealthy among us. However, thanks to the rise of popular real estate investment apps, investing has never been easier. The best investing apps simplify things so that anyone can get started. It’s no longer an outlandish idea to invest in real estate with only $10.

So what advantages do the best investing apps offer to new real estate investors? Well, for one, the best investing apps give investors the option to begin their journey with small amounts of money. Sometimes the thought of throwing your life’s savings into one single investment property can seem daunting and overwhelming. It’s much more appealing to put some small funds into a property and watch it grow, especially if you are new to the world of real estate investing. The best investing apps also provide you with real-time data so that you can track your funds and your investments to plot your next move. It’s never been a better time to begin the process of investing in real estate.

Whether you’re brand new to real estate investing or not, it helps to have the best investing apps at your fingertips, 24/7. With HappyNest, real estate investing has never been simpler or more convenient. Build your portfolio, track data, and access top investment services all from the ease of your mobile device. Not sure where to get started? Get in touch with a member of our team today for more information. We would love to help you begin your journey into the fascinating, lucrative world of real estate investing!

3 Ways To Invest Smarter Using a Real Estate Investing App

One of the most popular ways to make money is to invest in real estate. Approximately 89% of investors in the U.S. are considering integrating real estate into their overall investment strategies. However, real estate investing can be incredibly complicated, expensive, and time-consuming to learn. Using a real estate investing app can make it so much easier to find these properties for you, saving you both time and money. Here are ways that real estate apps can help you become a smarter and more informed investor.

Learning About Investing

There are several real estate investing apps that can provide you with informational tools and resources for making money. These tools include podcasts and guides that cover everything from buying your first property to the ins and outs of house flipping. You can also use search engines and other technology to learn about commercial real estate investment companies and commercial real estate investment services. The more you can learn, the faster you can take this information to become a wiser investor and earn more from your investments.

Researching The Market

Some real estate investing apps can help you find potential properties quickly and easily. Other real estate investing apps let you, text realtors, to find out more information and even submit offers. If you don’t want to own or rent out a property, you can consider using a real estate investing app to invest in a real estate investment trust (REIT). Another option to consider is investing with a crowdfunding company, where you can invest in real estate investment trusts or shares of properties.

Handling Finances

Another way some investing apps can help you is managing your real estate expenses. These expenses include items such as property taxes, insurance, maintenance, and investment income taxes. You will be able to view at a glance whether you are making a profit or are in the red. By properly managing all your expenses, you can figure out ways to keep costs down and save more money to invest in the future.

The traditional method of running all over town to find real estate investment opportunities is a thing of the past. By using apps for real estate investors, you can find all the information you need right at your fingertips. There are many apps available to choose from. Just search online for what you need, and you can start investing today.

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