HE
Heidi Esau
9 days ago

Your 5-Minute Guide to Investing in Stocks

If you’re feeling hesitant about dipping your toe into the murky waters of stock investing, don’t worry—there are no alligators here.

Only big-headed Wall Street traders will try to fool you into thinking you need to know their frenzied hand signals and financial jargon to invest in stocks.

Here’s the truth: Stocks are one of the easiest and most profi...
If you’re feeling hesitant about dipping your toe into the murky waters of stock investing, don’t worry—there are no alligators here.

Only big-headed Wall Street traders will try to fool you into thinking you need to know their frenzied hand signals and financial jargon to invest in stocks.

Here’s the truth: Stocks are one of the easiest and most profitable ways to build wealth in the long-term.

But don’t take our word for it. Learn it for yourself (like the #bossbabe you are).

Let’s start at the very beginning…

A stock gives you ownership over a share of a company’s earnings and assets. (But no free swag, sorry.)

Owning a stock gives you the right to vote for a company’s board of directors, receive dividends (if and when they are distributed) or sell the stock to someone else.

So how do they make me the green?

You can make money with stocks two ways: buying low and selling high, or earning income (read: dividends) from them.

When you buy a stock, you are speculating that the company will make a profit and you are hoping to participate in its success.

A profitable company’s stock price should generally increase over time (after which you might decide to sell the stock for a tidy profit).

On the other hand, you may choose to hold on to a stock long-term, especially if the company pays dividends and provides you with a steady stream of income.

Why would I invest in stocks instead of a fund?

Investing in mutual funds or exchange-traded funds (ETFs) comes with built-in benefits—think: someone else to doing all the research work (win!).

But because this is real life, nothing comes for free, and fund managers charge fees for their efforts.

If you’re willing to strap on your big-girl pants and do the research yourself, you can avoid these fees and keep the extra cash (but no shame if you’d rather not).

Another (super important) benefit of investing in stocks versus funds is that most funds don’t see returns even close to those of the best stock performers.

Case in point: Amazon stock has risen 61,600 percent since 1997, while a top mutual fund earned just 16.85 percent over the past 5 years.

Time to get started.

One of the best places to look for companies to invest in is your own home (yep, you heard that right).

Research the company’s that make the products you already like and determine if they’re worth investing in (a.k.a. profitable). Or look here for some investing ideas.

Once you decide where to put your dollars, you’ll need a brokerage account to place your investment orders.

When choosing your broker, pay special attention to transaction fees. Are you planning on trading frequently, or buying and holding for long periods? Choose a broker with a fee structure that matches your needs.

As your investing confidence and knowledge grow, you can start investing larger amounts of money and expand your portfolio.

Best of all, you’ll get bragging rights when you start to see your stock picks profit (or, worst case, a reason to binge your favorite show with a pint of ice cream when one tumbles.)

Whatever you decide, remember that many stocks experience periods of volatility. Expect even the best investments to “zig-zag” upwards.

---
Hey Nav.igator, just so you know, we have financial advisors reviewing our content, but our articles are only meant to be educational. Consider this friendly information, not financial advice (talk to a professional for that!).

AC
Ashley Copeland
9 days ago

Money Maven: I Started My IRA When I Was 21 (and You Can Too)!

Our Money Maven series follows the stories and advice of Ashley Copeland, millennial dollar diva and host of the Stacks and the City podcast. For more - download the app! 

I’ll be honest, when I think of IRAs and retirement, I think of old, dry (white) men in gaudy Hawaiian shirts discussing the...
Our Money Maven series follows the stories and advice of Ashley Copeland, millennial dollar diva and host of the Stacks and the City podcast. For more - download the app! 

I’ll be honest, when I think of IRAs and retirement, I think of old, dry (white) men in gaudy Hawaiian shirts discussing the elusive “market” as they tee off somewhere in Palm Springs.

That’s because we’ve painted the stock market as this mysterious and exclusive place for a certain echelon of America to bask in their wealth.

Y’all, this couldn’t be farther from the truth.

By 21, I had $10,000 saved from college refund checks and cash from working as a three-star server at Cracker Barrel. I had NO idea what to do with all this coin.

After months of research from books, blogs, and banks, all signs pointed at that fancy invest word.

No one in my family invested, but everyone in the financial industry said it was a key component to build wealth. So I thought, If they can do it, why can’t I?

Easier said than done.

I called banks, investment firms, alleged “personal finance experts.” Most told me I didn’t meet the minimum requirement to invest with them (*eye roll*).

Undeterred, I walked into the bank I had a checking account with and sat down with an investment advisor, who was the first person to take me seriously. He explained the investing process, and which types of investments worked best for me at that stage in my life.

From there, I started a Roth IRA and a general investment account. Since having the Roth IRA, I have seen it grow well beyond the $5,500 I pledged to contribute every year.

Retirement can happen anytime.

Most people think of retirement as hitting your golden years and moving to Florida, but it really just means that you’re living your best life without having to physically work for your coins anymore.

Instead of your paychecks coming from working on someone else’s clock, your checks come from the stock market (or other types of passive income).

Start saving NOW.

If you save a little teeny bit every day (and I’m talking as little as $20 a month), you have the potential to make that into THOUSANDS over the years.

Let’s do some math: If you’re 25 and save $20 a month over twelve months, 12x20 equals $240 a year.

$240 per year for 40 years (when you turn 65) is $9600—and that’s without the benefit of interest.

Add the average stock market return of 7 percent and you’ll have a whopping $51,000—much of that money you didn’t have to work for.

But what if I lose all my money?!

Guess what? You will lose your hard-earned coins. It will happen. The stock market goes up and down.

However, over the long term, you will earn more than you lose as long as you stay consistent. Ignore the hysteria from “experts” in custom Italian suits and keep doing whatever you’re doing.

The calamity in 2008 will be a blip in time in 2050 when it’s time to cash out and live on your #rockafellerstatus.

Follow Ashley on Instagram @stacksnthecity.

---
Hey Nav.igator, just so you know, we have financial advisors reviewing our content, but our articles are only meant to be educational. Consider this friendly information, not financial advice (talk to a professional for that!).
EP
Erin Papworth
13 days ago

The Key to Crushing Those #LifeGoals? It’s Grit

Grit is more than just the dirt under your nails. It’s what empowers you to go after your goals, even if they scare the sh*t out of you.

And when it comes to money, grit is what helps you acknowledge that those elusive dollars are nothing more than a tool to support your desired lifestyle.

Here’s what you need to #getgri...
Grit is more than just the dirt under your nails. It’s what empowers you to go after your goals, even if they scare the sh*t out of you.

And when it comes to money, grit is what helps you acknowledge that those elusive dollars are nothing more than a tool to support your desired lifestyle.

Here’s what you need to #getgritty:

A growth mindset.

Research from psychologist Carol Dweck showed that people either have a fixed mindset or a growth mindset.

Someone with a fixed mindset may unwittingly sabotage their success, saying things like, “I’m just unlucky.”

One of the key differences between having a fixed mindset vs. a growth mindset is how you handle challenges, disappointments, and outright failures.

You’ll be upset regardless (we’re all human), but someone with a growth mindset will look for the lesson in their mistake—they’ll understand that criticism and failure are a source of feedback for finding the successful path.

A growth mindset says that you are strong, capable, and intelligent because of your bumps and bruises, not despite them.

A strong interest.

Some of us were blessed with a clear vision for our lives since of the days of elementary school “When I Grow Up” projects.

The rest of us are likely interested in many things, but haven’t found something consistent and compelling that stands the test of time.

Hey, if you’re here, your “something” might just be the next travel destination (*raises hand*). That’s the perfect place to start.

Ever heard of S.M.A.R.T. goals? They’re meant to consistently set you up for little wins by giving you specific actionable items. (Psst! The Nav.it goals were designed in this way, so you can always start with trip planning.)

Here’s how it works:

  • Specific: I want to go to Nepal. 
  • Measurable: I want to go on this trip by summer 2020. 
  • Attainable: I will set a savings goal of $5,000 for the trip. 
  • Relevant: I will start researching places to stay and activities to do. 
  • Time-Based: I will set aside X amount of dollars daily to achieve my $5,000 savings goal by X date (hint: Nav.it can help with this part!). 
When you have a dream like this, all of a sudden you have incentive to shift some of your thoughts and behaviors.

Work ethic.

Or should I say, sustained effort. Think: marathon runner as opposed to sprinter. You’re in pain, you keep trudging, you walk, you run, but most importantly, you finish the race.

And it’s 4th on the list for a reason. Identifying your passions and goals first makes the hard work, sustained effort, and ‘just doing it’ part a lot more fun because you have a motivation and end goal.

Self-control.

Staying on the road to success, no matter how you define it, requires focus and willpower (or “won’t power,” if you’ve sworn off something).

In this age of constant distraction, it’s important to learn how to stay true to your chosen direction even when it’s tempting to take a detour.

Fun fact: Studies show that sleep deprivation lowers the function of the prefrontal cortex (PFC), a brain area key to willpower and impulse control. If you're getting less than seven good hours of sleep consistently, you’ll be less capable of maintaining your willpower.

Mind = blown.

The ability to conquer your fears.

Let’s face it, we’ve all got ‘em.

Whether your fear is of physical danger, social rejection, or failure, it’s important not to avoid the feeling.

Sit with it. Get to know it. Avoiding your anxieties can make them stronger. So look into what frightens you, but with gentleness and kindness to yourself.

Say an affirmation to yourself like, “This scares me, but it doesn’t have to stop me.”

For many of us, it’s downright impossible to be kind to ourselves. My trick? Imagine your best friend had the same fear.

Then tell yourself what you would tell that person. 
HE
Heidi Esau
13 days ago

Investing Rookies! These Are the Basics of Risk, Return, and Diversification

The impossible happened, Nav.igator. You looked at your finances, you set a budget, and now you have money left over after paying this month’s bills.

You’re probably thinking: It’s too good to be true! Treat yo’self!

But then you remember that you also vowed to use your extra cash to start investing. An...
The impossible happened, Nav.igator. You looked at your finances, you set a budget, and now you have money left over after paying this month’s bills.

You’re probably thinking: It’s too good to be true! Treat yo’self!

But then you remember that you also vowed to use your extra cash to start investing. And now you’re feeling a little bit sweaty.

How do you decide which investments are the best ones for you? How much risk can (or should) you take? What do you do with your hands?

Let us clarify some of your burning questions and help you get started on creating your own portfolio.

Risk versus return.

Most people are aware that risk and return go hand-in-hand. When you invest, you are always risking that you won’t get the reward you are expecting.

In the long-term, higher risk should, on average, result in higher returns.

Risk? #YOLO

Whether you’re a risk-lover or a risk-hater actually has little to do with what investments you should make. Your age is one of the most important factors in how much risk you can actually withstand.

If you’re young, your risk tolerance (that’s nerd speak for how much risk your portfolio can handle) tends to be high because you have many years of gainful employment remaining, and you have time to ride out market downturns.

If you’re close to retirement, you’ll have a much lower risk tolerance because you’ll need to withdraw from your savings in the next few years and won’t have time to recover from large losses.

So you’re saying since I’m young, I should bet it all on black…

Slow down there, risky business. Taking more risk doesn’t always mean getting more return.

For example, you could invest all your money into just one stock like Google. Assume it has an expected return of 10 percent, similar to the overall market expectations.

You’re obviously taking more risk by investing in just one stock than by investing in a market index fund. But you won’t be compensated more for it because it’s an unnecessary diversifiable risk.

In English, please.

Risk is split into two types: non-diversifiable and diversifiable.

Non-diversifiable risk (also called systematic or market risk) is not specific to a stock or industry.

Things that cause non-diversifiable risk include political instability, interest rates, inflation, and recession. This type of risk is unpredictable and impossible to avoid, and therefore is a risk that all investors must accept and are generally compensated for.

Diversifiable risk (also called unsystematic risk) is specific to a company.

Things that cause diversifiable risk are managerial changes, labor problems, or loan default. These risks can be largely eliminated through diversification. Which brings us to...

Why you shouldn’t put all your money into Google stock.

Diversification is mixing a large variety of investments (like different asset types and industries) within a portfolio to reduce or eliminate the diversifiable risk.

Also known as (CLICHÉ ALERT) not putting all your eggs in one basket.

The benefit of diversification is that the positive performance of some stocks helps to neutralize the negative performance of others, resulting in minimized risk, maximized return, and being one step closer to that worry-free retirement you’re envisioning.

How many stocks are we talking?

Studies show that it takes about 30 stocks to reach true diversification.

But if you don’t have that much cash to throw around, the rule of thumb is that more stocks are better than fewer.

You can start to see the benefits of diversification even with as few as 10-12 stocks.

---
Hey Nav.igator, just so you know, we have financial advisors reviewing our content, but our articles are only meant to be educational. Consider this friendly information, not financial advice (talk to a professional for that!).
EP
Erin Papworth
3 days ago

#FinancePositivity

The body positivity movement captured us all at a moment where a one-size-fits-all approach to health, beauty and weight is being challenged by a young population of intelligent, questioning and independent women. It’s a movement that sings of self-acceptance for the skin, the fat, the hair and the cellulite that makes you you. It’s self-love at it’s finest. I also beli...
The body positivity movement captured us all at a moment where a one-size-fits-all approach to health, beauty and weight is being challenged by a young population of intelligent, questioning and independent women. It’s a movement that sings of self-acceptance for the skin, the fat, the hair and the cellulite that makes you you. It’s self-love at it’s finest. I also believe it’s a representation of “in-powerment”. 

You are powered from within. You are powered by what your internal compass says is your truth. You are powered by a love of who you are and what your unique talents can produce. You are powered by the belief that you are destined to navigate your life on your own terms (#letsnavit). 

How does that relate to finances? Just as much as the body positivity movement is fighting the heavy hand of cultural, racial, gender, familial, and structural belief patterns that have glorified ONE way of being in the world, we believe it’s time we fight the stereotype that there is just ONE way to earn, manage and grow your money.

You are a highly intelligent being that has the power to nav. your finances. You do not need to compare your story to someone else's money story. Your strength is in your own story. As much as no one else can live in your body, no one else has the power to manage your money unless you give it to them.

Just like our sisters have said they no longer accept or feel shame about who they are and what they look like, we believe it’s time we reject all the fears, shame and guilt surrounding money in our culture. Money is just a piece of paper. We give it the insecurities that emerge in our own heads.

Just like our sisters have said, “we’re taking back the word fat” --we’re taking back the word budget. Why does it have to be a dirty word or a strict, constrained homework assignment that we are judged on if we don’t get a perfect A? We reject the fear of imperfection and embrace planning for our freedom.

Why can’t we believe there are no stupid questions and as a community talk about the many ways we all manage our money because there is no one right way? 

Why can’t we be confident that owning our personal approach to money is freeing? We know how we’re spending our money, we know the money game rules, and because of that, we can be proud when we splurge on an awesome dinner or amazing concert because we are in control of our money and our future (and we know we can afford it!). 

Just like our sisters have stopped looking for external validation about their bodies, we can get rid of the shame of how we spend our money. We can acknowledge and reject the fear instilled in us that we aren’t good at math or money management. If we free ourselves of the negative beliefs that hold us back, we will emerge more confident and self-directed than ever before.  

Now is the time for women to develop a positive money mindset instead of one that has been oppressed for centuries. Now is the time to say, we are in-powered. We can learn how the money system works, and we can manage our money however the f* we want. 

EP
Erin Papworth
20 days ago

Girl In-Powered: Here’s What You Need to Know About Equal Pay

Along with exposing an institution of harassment and sexism, the #MeToo movement has shined a white-hot spotlight on the gender pay gap.

Remember how much drama erupted after the news broke that Claire Foy, the leading lady of The Crown (playing the g-damn queen of England), earned less than her male co-star, Matt Smith?
Along with exposing an institution of harassment and sexism, the #MeToo movement has shined a white-hot spotlight on the gender pay gap.

Remember how much drama erupted after the news broke that Claire Foy, the leading lady of The Crown (playing the g-damn queen of England), earned less than her male co-star, Matt Smith?

You already know this issue isn’t exclusive to the entertainment industry. Unequal pay is happening to women across the country (and world), every day.

Let’s be real, you’ve likely experienced it yourself.

But to kick the sexist boys’ club to the curb, we first need to understand how we got here, and how pay discrepancy works legally. Then, we have to use that knowledge to advocate for/protect ourselves in the now.

Equal pay by the numbers (a refresher).

Though the specific number fluctuates depending on race, class, education, and a host of other factors, the general stat we ladies cringe over is that women are paid 22 percent less than their male counterparts in the U.S. for doing the same job.

But it’s much worse than that.

If changes to the gender pay gap continue at the pace of the last 40 years, women won’t see equal pay until 2059.

And the situation’s even more dire for minority women. It would take until 2124 for black women to earn equal pay, and until 2233 for Hispanic women.

Fuming yet?

How the F did we get here?

The 1963 Equal Pay Act made it illegal for an employer to pay different salaries for the same job to two equally qualified people of different genders. So why are we having this conversation 50 years later?

Blame it on a technicality.

The law said that women were only allowed to bring a claim against an employer 180 days after the first unequal pay check.

I don’t know about you, but I don’t typically know about the pay discrepancies of a company I just started working at, let alone have enough evidence to prove something shady is going down within the first six months.

Oh, and did I mention the law didn’t require employer earnings data to be made available, or allow other proposed solutions to be enacted?

So it was (and still is) on women to do the research and demand their right to be paid an equal wage.

Here’s why the pay gap thrives (and how you can nav.it) 

Reason 1: Our economy is based on profit.

Whether you’re the corner coffee shop or Starbucks, you need profit to stay in business, and making more profit often means cutting costs.

Since the biggest cost to a company is employee wages, many look for ways to pay employees less. Some companies even argue that it’s the employee’s responsibility to negotiate their wages, so if they accept a lower salary, that decision is on them (sound familiar?).

If you’re job hunting, seek out companies that are closing the wage gap.

Read reviews from other employees on Glassdoor, look up your market worth with tools like PayScale, and research the latest news about them to see if they’re on the right side of history.

Digging the gig you have but unsure of your employer’s gender equality policies? There are ways to ask and make suggestions tactfully.

Reason 2: Financial literacy among American women is abysmal.

In a recent assessment, only 22 percent of women answered basic financial questions correctly (yikes!).

Real talk, ladies: If we don’t understand our income potential, we will continue to fail at negotiation.

Consider this staggering statistic: Over the course of a woman’s lifetime, she could lose out on $500,000 to $1 million (some even say more) in earnings because she didn’t negotiate.

That’s the difference between retiring when you want to, owning a house (or two!), and building a wealth base that allows you the freedom to do things like travel the world (wink wink).

That means it’s time to get educated. While Wall Street whizzes may talk inflation, diversification, and compound interest in their sleep, there’s no reason you can’t at least get the gist of it.

(Hint: You can learn the 101 right here with Nav.it.)

Class is officially in session. 




NI
Nadia Imafidon
26 days ago

Win $500 Toward a Trip to Guatemala!

Who run the world? Girls. And while I’m always looking to get a Beyoncé reference in everything I do, this one directly relates to the Purposeful Nomad trip to Guatemala that explores the cultural and historical significance of textiles in Guatemala.

Textiles were started by Mayan women to preserve the rich tradition of weavin...
Who run the world? Girls. And while I’m always looking to get a Beyoncé reference in everything I do, this one directly relates to the Purposeful Nomad trip to Guatemala that explores the cultural and historical significance of textiles in Guatemala.

Textiles were started by Mayan women to preserve the rich tradition of weaving. With a variety of styles and patterns, textiles require an incredible amount of labor to reach the beauty that makes them such a specialized product.

Weaving has empowered Guatemalan women to become expert artisans, and you’ll get to see it first-hand if you embark on this journey with PN.

But if that’s not enough for you, how about the fact that you could win $500 toward this trip, plus $250 for a friend? No joke. It’s free money, y’all, and we’re giving it away.

Just download the Nav.it app and post a pic in the community feed, including the hashtag #Guatemala in the title by April 12, 2019 to enter! (More info here.)

Now that I’ve got your attention, let’s go through some of the trip highlights.

Meet the boss ladies.

(image: Purposeful Nomad)

The weaving ladies of Manos De Fe share with you the important role that weaving plays in traditions of marriage.

You’ll see demonstrations of weaving and tortilla-making (which, let’s face it, is what we all came for), then you and the other nomads will make a Guatemalan meal together in a cooking class.

Get on the loom yourself.

(image: Purposeful Nomad)

By this time, you’ll be so impressed by the tour of colorful textiles that you’ll need to make them yourself. At a visit to a small textile store, you’ll participate in a workshop and get on the loom to try your hand at this tradition (with instruction from an expert Mayan weaver, don’t worry).

And make more art…

(image: Purposeful Nomad)

This excursion is definitely geared toward creatives—there are two more hands-on workshops you’ll get to participate in.

The first is at a local school, where you’ll help put the finishing touches on the giant kites that will be flown on November 1 for the Dia de los Muertos festival (later in your itinerary, you’ll go to the festival and watch the kites you helped make soar through the sky!).

The second is a natural-dyeing workshop where you’ll learn how the Guatemalans source some of their most vibrant colors from nature.

Get on a boat.

(image: Purposeful Nomad)

I think we can all admit that one of life’s greatest joys is getting on a boat (with your swim trunks and your flippy-floppies).

Try not to spend your entire journey from Antigua to the beautiful shores of lake Atitlán thinking about all the future cocktail parties where you’ll don your most pretentious accent to say, “On my journey from Antigua to the beautiful shores of lake Atitlán…”.

It’s in the community of Santiago where they’re known for their bird weavings. Enjoy a presentation of some of their most intricate textiles from one of the heads of the community organization Batz.

And, of course, explore on your own.

(image: Purposeful Nomad)

The great thing about Purposeful Nomad’s carefully planned itineraries is that they leave room for you to adventure on your own.

Half the fun of traveling the world is stumbling upon unexpected joys, and that usually happens when you’re wandering somewhat aimlessly (within reason, we want you to be safe).

Spend your free time trekking around the colonial district of colorful Antigua and Santiago Atitlán, a town rich with indigenous culture.

Price it Out: Touring Textiles, the Fabric of Guatemala
  • Purposeful Nomad's Guatemala getaway (normal price): $2450 Trip dates: October 27th-Nov. 2nd, 2019; Price based on double occupancy (plus $350 for a single room). Trip includes: Lodging, private transportation and driver, bi-lingual guide, most meals where indicated, all excursions listed, entrance fees to parks, community activities, cooking class.
  • Orrrr enter the giveaway for a chance to win a $500 discount: $1950 Pay less than $2,000 for this week-long trip if you win the Nav.it-Purposeful Nomad Giveaway (plus $250 for a friend)! Enter by posting in the community feed with the hashtag #Gautemala in the title by April 12!
Don't have the Nav.it app yet? Download the Nav.it app for iOS or Android today to enter the giveaway! All new users receive a month of Nav.it Premium for free!

SL
Shreya Ley
26 days ago

Nav.it & Purposeful Nomad Guatemala Giveaway Rules

Who can win?
You! As long as you are over 18, legally allowed to make decisions for yourself, in the United States, not in an area that prohibits these types of giveaways, and you’re NOT an employee or working for Nav.it or Purposeful Nomad. (Though we’d love to go to Guatemala, too.) 

What do you win?
Who can win?
You! As long as you are over 18, legally allowed to make decisions for yourself, in the United States, not in an area that prohibits these types of giveaways, and you’re NOT an employee or working for Nav.it or Purposeful Nomad. (Though we’d love to go to Guatemala, too.) 

What do you win?
Nav.it and Purposeful Nomad have teamed up to give YOU a chance to win $500 towards a trip to Guatemala, PLUS $250 for a lucky friend that you’d like to bring along. Even though you might be seeing this on Instagram or other social media channels, remember that they don’t have anything to do with this giveaway. This is solely being funded and offered to you by Nav.it and Purposeful Nomad. Important note: The winner ($500 recipient) and winner’s friend ($250 recipient) will not be eligible to apply the 10 percent Nav.it discount to this trip (Guatemala); however they can apply it to any other Purposeful Nomad trips.

How do you enter to win?
It’s pretty easy: Download the Nav.it App and create a post in the Nav.it App under “community” using the hashtag #Guatemala in the title. What to put in your post? Up to you! Tell us why you want to go to Guatemala, or tell us about your cat, or neither. 

Just follow those directions and we will enter you into our random drawing. Remember that you must be 18 or older to enter, in the United States, AND this giveaway is void where prohibited. 

When can I enter to win?
Download the Nav.it App and create your post in the Nav.it App with the #Guatemala hashtag any time between March 29-April 12, 2019. We will not accept entries AFTER April 12, 2019. So, starting at 12:01am on April 13th, 2019, you will no longer be eligible. Sorry :( 

The prize is non-transferrable–you can’t collect and then give it to someone else. Also, you must keep your Nav.it account active for at least 90 days after downloading it to receive your prize.

How will I know if I win?
Nav.it and Purposeful Nomad will be announcing the winners in the Nav.it App and on Instagram by April 19, 2019. We will be tagging you as our winner–so by entering, you’re giving us permission to do so!

After April 19, 2019, keep on the lookout on your social and check in with the Nav.it App regularly so that you don’t miss it if you win.

How is the winner determined?
Well, aside from the steps listed above, once we hit 12:01 am on April 12th, the applicable personnel will remove any disqualified entries and use a randomizer app to ensure fairness. 

Other Stuff That You Might Want to Know and That We Want to be Transparent About

  1. Instagram is not collecting any information from you for this giveaway. This is solely a Nav.it and Purposeful Nomad giveaway, Instagram is not running, involved in, or administering the giveaway. 
  2. You are knowingly and willingly giving Nav.it and Purposeful Nomad your information when you download the app and sign up for an account. Once we have that information from you, we will use that information to let you know whether or not you win–so make sure it’s accurate! In addition, you are consenting to receiving updates as we build up new features, build our community, and do other awesome stuff. So, you may receive emails or other marketing messages from either of our companies after you enter. 
  3. There is no purchase necessary. We only ask you to download the app and create an account! The app is free. 
  4. Each unique account and new download is considered a new, unique entry. So, the odds of winning will be one in however many entries we receive. 
  5. Nav.it is a Washington State Limited Liability Company and complies with all rules and regulations for Washington State entities in connection with this giveaway. Purposeful Nomad is an Oregon State Limited Liability Company and complies with all rules and regulations for Oregon State entities in connection with this giveaway. This giveaway is void where prohibited. 
  6. For legal and legislative purposes, this is to be considered a sweepstakes.
  7. Nav.it reserves the right to cancel or otherwise disqualify participants that are suspected of gaming the system or using illegal means to game the system. No bots allowed. Only real people can win. 
  8. You must be 18 or older to participate and living in the United States. 
  9. You represent and warrant that you have the right and ability to do things like enter a giveaway and receive the prize. You also represent and warrant that any information that you provide us is true and accurate and that you have the right to provide us with that information. You are not going to use our app to do anything illegal and you are not going to use this giveaway to do anything illegal or unethical. 
  10. By entering this giveaway and downloading the app, you consent to us using your First Name or Instagram handle in any marketing materials–such as when we announce the winner. We will also ask for your consent to proudly display photos and write about you and your goals. Thank you and we can’t wait to show off your awesome adventures! 
  11. Nav.it is not responsible for anything that happens to you on your travels. Nav.it expressly limits its liability. Further, Nav.it and Nav.it agents are NOT your financial advisor, medical professional, mental health professional, accountant, or legal advisor. You should consult with professionals before taking any professional, financial, or adventuring risks! Life is a do-it-yourself adventure and we’re just trying to provide you with some anecdotal information, a community to share with, and some tools to help you live your best life. 
  12. If you have specific questions or concerns, you can reach Nav.it at 500 Yale Ave N, #400, Seattle, WA 98109 and Purposeful Nomad at 616 SE 72nd Ave, Portland, OR  97215


RG
Reina Glenn
about 1 month ago

Zen Out on Puget Sound

Despite having been born and raised in Los Angeles, I don’t normally embrace my crunchy granola stereotype—I eat meat, I can’t stand Kombucha, and when I hear the phrase “soul cycle,” I start screaming internally. But one “woo woo” wellness trope that I absolutely do subscribe to? Yoga. 
 
You can catch me in the studio at least a few times...
Despite having been born and raised in Los Angeles, I don’t normally embrace my crunchy granola stereotype—I eat meat, I can’t stand Kombucha, and when I hear the phrase “soul cycle,” I start screaming internally. But one “woo woo” wellness trope that I absolutely do subscribe to? Yoga. 
 
You can catch me in the studio at least a few times a week, chaturanga-ing until my arms turn to jelly. It’s one of the only tried and true methods I’ve found for both relieving anxiety and moving my couch potato body in a way that doesn’t make me hate myself the next day.  
 
Which is why my ears perked up when I learned about the Orcas Island trip from Purposeful Nomad. This mini-vacation to the islands north of Seattle (close enough to wave to Canada!) touts an itinerary rich with literal soul food. Think: morning yoga/meditation sessions, hiking in Moran State Park, a cooking class using healthy local produce, and maybe even a glimpse of Shamu. 
 
Not gonna lie, my bags are already half-packed, but for the rest of you, here’s why this trip is the hard restart your mind and body need.
 
Flip that off switch. 
The point of this trip is to walk away feeling refreshed, so Purposeful Nomad gives you the entire first day to figure out what that means for you. Reading, journaling, making art, walking on the beach, napping—anything’s on the table if it helps you let go of whatever was going on in your life before you stepped onto that plane. The only requirement is that you give yourself a chance to disconnect. (Yes, that means from your phone too. *gasp*)
 
Choose your own adventure (or don’t).
Continuing in the theme of personal preference, day two is all about picking the upbeat activity that gels best with you. The trip comes with a group hike through Moran State Park, which boasts 5,000 acres of forest, wetland, and lakes. (Don’t worry, you won’t be hiking all those acres. That’s more of a Naked and Afraid situation.)

But if hiking isn’t your jam, try out a kayaking or whale watching tour. Or go on foot and explore the little town of Eastsound. Orrrr do none of these things. As the yogis say: Child’s pose (read: napping) is always available to you.
 
Get crafty.
Did you know that Orcas Island is known for its impressive variety of ceramics? Get in touch with your inner artist with a tour through a local ceramics studio and see the process in action. Hopefully you’ve worked up an appetite, because after the ceramics studio, you’re headed to the farmers market to shop for the ingredients you’ll use in that evening’s cooking class. It’s taught by Chef Carlie Grob, who also happens to be your morning yoga instructor (such a multifaceted lady!). 
 
Keep it zen.
On the last day of this mini escape, your sendoff will be breakfast and a final yoga session to lock in the balance you’ve found over the trip. As you return to your kids or job or general hustle-and-bustle lifestyle, you’ll take with you the peace of Puget Sound…and hopefully a little patience for the next time life tries to punch you right in the face. (Whatever you do, don’t try to cure it with kombucha.)
 
Price it Out: Rest, Renew, Refocus
 
  • A short jaunt to Washington to recharge your mental batteries: $1150 Unlike other PN trips, this price is based on single occupancy rooms (though you can get a 10% discount if you share a room with a friend). Trip includes: 3 meals a day, accommodations at the North Beach Inn, hosted yoga sessions, hiking, a behind-the-scenes tour of a ceramics studio, and cooking class taught by chef Carlie Grob.
Psst! Nav.igators can take 10% off ANY Purposeful Nomad trip by using the code "Nav.it" at checkout!

Want more tips for nav.ing your finances?
Download the Nav.it app for iOS or Android today! All new users receive a month of Nav.it Premium for free!

BB
Beverly Bird
about 1 month ago

Yes, Single Women Can Be Homeowners Too

Okay, so the statistics are a bit daunting. Zillow reported in 2018 that single women can only swing a home purchase for 39 percent of properties on the market at any given time. But that doesn’t quite tell the whole story.

Women being women, we’re buying homes anyway, and stati...
Okay, so the statistics are a bit daunting. Zillow reported in 2018 that single women can only swing a home purchase for 39 percent of properties on the market at any given time. But that doesn’t quite tell the whole story.

Women being women, we’re buying homes anyway, and statistics can be damned. The National Association of Realtors has reported that 18 percent of homebuyers are single women. So how did they pull it off?

Preparation is key.
Pull your credit report…and brace yourself. The FTC has found that at least 5 percent of consumers discover errors serious enough that they’re denied loans. The good news is that you can dispute them if you find any. Call the lenders. Contact the credit bureaus. Get those messes cleaned up.

Take some time to pump up your credit score if it’s legitimately iffy. Credit card debt is often the culprit here because it weighs down your credit utilization ratio, an important part of your score. Ideally, you’ve used up only about 30 percent or so of all your available balances. If it’s more than that, pay those accounts down. But don’t close out accounts you’re not using. This can hurt your score, too.

The best mortgage loans with manageable interest rates generally require a credit score of at least 740, and a debt-to-income ratio of no more than 43 percent. So there you have it—there’s your goal.

Look for a lender.
The general rule of thumb is that you put 20 percent of the home’s cost down, but not everyone can gather that much cash. If you don’t have the money on hand, you can get an FHA loan with as little as 3.5 percent down (that sounds better, doesn’t it?). And if you qualify for a VA or USDA loan, you might even be able to dodge a down payment altogether.

Fannie Mae’s HomeReady program might also be an option. You’ll still have to pay private mortgage insurance if you put down less than 20 percent, but many of these programs allow you to cancel the insurance when you’ve built up 20 percent equity.

Work within a one-woman budget.
Being a single homeowner means you’re working with one person’s income, and that’s got to cover more than just a mortgage payment. Homeownership involves a brimming basket of other costs, from insurance to property taxes to utilities to maintenance and repairs.

Experts suggest under-buying for this reason. You might qualify for a $175,000 loan, but nobody is going to make you borrow that much. Consider lowering your sights from the Taj Mahal to a sweet 2-bedroom condo. Your mortgage payment will be less, leaving you extra income to pay for all these other expenses.

Try “practicing” first.
Ideally, you’ve been pre-approved for a mortgage, so you know how much your payment will be. Figure out what property taxes are running in your target neighborhood, then divide that annual number by 12 months. Add on a little something for repairs and maintenance.

Maybe all this works out to $2,000 a month. If you’re currently paying $1,300 for rent and renter’s insurance, dedicate an additional $700 a month to your housing budget…and drop that extra into a savings account. (Do it long enough and your down payment will grow!)

Start house hunting.
Okay, you’re ready to do this thing. It’s time to start house-hunting. Community can be super-important for a woman living alone, so do a little investigating. Drive likely neighborhoods at all hours of the day and night. Did you have to slam on your brakes to avoid kids on bicycles? If you’re not ready to start a family, this might not be the neighborhood for you.

What about street lights and parking areas? Are you going to be comfortable coming home at 2 a.m. and making your way to your door alone in pitch blackness? Check in with the local police department as well. They can ID iffy areas better than anyone.

When you’re finally holding the key…
It’s time to talk about home repairs. Sure, you might be handy, but it’s another thing entirely to replace piping or install an air conditioning unit. Unless you’re an actual superhero, you’ll likely need to hire a professional for that.

You can pay out of pocket every time something needs fixing, or you can buy a home warranty. Or consider a condo or townhome. You know, where the homeowners’ association provides maintenance workers who will mow the lawn, shovel snow, and replace that dead garbage disposal (of course, you’ll have to pay for the new one!).  
 
How to Nav.it: May the Homeownership Odds Be Ever in Your Favor

  • First get the mortgage, then find a house. Know going in how much house you can buy, then consider scaling down a bit so you’re sure you can afford all those other homeownership extras like repairs.
  • Shop neighborhoods, not just homes. The house might be to die for, but are you going to feel comfortable living there by yourself?
  • Protect what’s yours. Don’t put your newfound soulmate on your deed…at least not without adding him to the mortgage as well. 
 
Want more tips for nav.ing your finances? Download the Nav.it app for iOS or Android today! All new users receive a month of Nav.it Premium for free!