Mynd recently released their 2022 Consumer Insights Report that demonstrates how millennials and Gen Z’s have taken a different approach to developing wealth than previous generations.
For example, while 9% of Baby Boomers are contemplating the idea of investing in rental properties over 43% of Millennials and Gen Zs are choosing to remain in their current living environments and invest in rental properties elsewhere to build their wealth.
BUT IS IT WORKING?
This strategy is becoming increasingly popular. It allows the investor to remain living without disruption to their lifestyle in a place they may not be able to afford to purchase a home of their own. Instead of uprooting their lives and relocating elsewhere to attain the dream of homeownership the investor achieves homeownership by purchasing a home in a more affordable location with the intention of renting it out.
With no disruption to their life, they become a homeowner and investors at the same time. Their purchase not only creates monthly passive income for their pocketbooks but also builds equity over time – ultimately increasing their overall net worth.
They can later choose to continue to rent out the home, sell for an increased price, or move into the home if or when they want or need to.
READY TO EXPLORE THIS APPROACH?
If you would like to explore this idea further connect with us so we can help you build your wealth through real estate.
What’s Your Winter Style?
It’s official. The clock has struck twelve and the new year has begun; bringing with it a time of resolutions or rest.
For many, January is the restart button for their workout routines. With the holidays passed they can finally buckle down and bust out the dumbbells again. For others, the winter winds make that idea unimaginable. They would far rather grab their favorite warm drink, a comfy blanket, and cozy up on the couch with the ones they love.
So, which is your winter style? Or are you both?!
For the Workout Warrior
January brings new inspiration to the workout warrior. With a vision of the new year in mind they are dedicated to bringing back that bikini body or conquering some challenging goals. Unfortunately, winter weather doesn’t always make outside exercise possible. Below is a list of local gyms where you can stay fit!
Thrive Fitness – 32650 WA-20 Bldg D, Oak Harbor
North End Fitness – 2800 Goldie Rd #102, Oak Harbor
Crossfit – 720 SE Pioneer Way, Oak Harbor
Unsize Me – 670 SE Pioneer Way #101, Oak Harbor
Hoping to complete your workout at home?
Check out these 15 Best Apps to Help You Get Fit: https://www.menshealth.com/technology-gear/g23007883/best-fitness-apps/
For the Cozy Cuddler
If the whole workout routine isn’t for you, you probably just need a little more Hygge in your life. Hygge, pronounced “hue-guh,” is a Danish word loosely translated to fun, cozy, comfort, and happy. It’s more than a word though; it’s a concept and a lifestyle. It’s to live in comfort and contentment with the things and people who make you happy. Below are some ways you can bring Hygge into your home.
Wrap yourself in comfort!
Things like scarves, sweaters, and chunky blankets can really bring a feeling of comfort to a person. Need a new something cozy? Swing by Seaside & Sylvan in Greenbank to find your perfect Hygge style pieces.
Try to remember that this moment right now is special, unique, and will never happen again. If you find this difficult, the app Headspace can give you some meditation techniques to help.
Warm up with a hot drink!
There’s no spirit lifter quite like a warm cup of coffee, tea, coco, or cider. Lavender Wind Shop and Rock Island Coffee may have just what you need for that warm winter drink.
Spend time with friends!
Find something fun to do!
Relaxing hobbies like journaling, art, knitting, reading, or hiking can be a great way to bring a sense of peace. Want to discover some great local trails? Download the AllTrails app.
Want to learn more about Hygge?
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