Ascend Hotel Collection is part of the Choice Hotels International family and represents a series of boutique and luxury hotels, the top tier of the Choice brand.
Those who collect Choice Privileges points may find that these hotels are often an ideal choice when making a redemption since they have a higher profile than other hotels in the Choice portfolio.
If you are looking for a top hotel in the Ascend Collection, there are several options worth exploring.
What is the Ascend Collection?
Ascend Collection hotels deliver the same brand promise as other Choice hotels properties but offer a one-of-a-kind experience.
🤓Nerdy Tip
This soft brand resembles what other hotel companies have, such as Curio Collection by Hilton or The Luxury Collection (Marriott). The Ascend Collection is the top brand within the Choice Privileges program.
How to book Ascend Hotel Collection properties
Choice Privileges doesn’t allow points redemption more than 100 days in advance, so if you are a procrastinator, this program is for you! Unfortunately, Choice does not make it easy to find Ascend Hotel locations, but if you do an online search for your preferred city, the results include the Ascend Hotel Collection logo in the top left corner.
The cost in points varies by property and day, so you will want to check how many points you need on any given night. They range from as few as 6,000 points for a redemption night all the way up to 35,000 points for a standard hotel or as many as 100,000 for an all-inclusive hotel.
Here are some Ascend Hotel Collection locations worth visiting, whether you are planning to redeem points or earn them to redeem on a future stay.
Popular Ascend Collection hotels
With nearly 250 hotels in the soft brand, these Ascend Collection hotels in cities around the world are especially noteworthy.
If you’re looking for a boutique option that offers something local and unique, look no further than these Ascend properties. They are in various countries, such as Australia, Canada, Norway, Turkey, Spain, Sweden and the United Kingdom. Many of them are historic rebuilds.
Hotel Aquarius Venice, Italy
(Photo courtesy of Hotel Aquarius Venice)
The Hotel Aquarius Venice is in the Santa Croce district, which means it is convenient to the train station, about halfway between it and the Rialto Bridge.
Walking through the winding streets of Venice is a favorite pastime of tourists for people-watching and a little exercise. For those who want to arrive at the hotel by boat, it has an entryway to the canal through a small garden door.
Emotions All Inclusive Juan Dolio, Dominican Republic
(Photo courtesy of Choice Hotels)
If you want a Caribbean getaway with all-inclusive meals and drinks, Emotions All Inclusive Juan Dolio has a beachfront location and plenty to enjoy by the water.
There are three outdoor pools, including one in an adults-only area for more peace and quiet. The resort has seven restaurants and a stretch of private beach, providing a vacation getaway that packs in the value.
K Bar S Lodge, Keystone, South Dakota
(Photo courtesy of Choice Hotels)
Within view of Mount Rushmore, the K Bar S Lodge is a short drive from the national memorial. In the gardens, deer and other animals roam past.
Guests can enjoy complimentary breakfast each morning. Other amenities include free parking, an outdoor patio, a whirlpool, and furnished balconies in the rooms.
The Pine Lodge on Whitefish River, Montana
(Photo courtesy of Choice Hotels)
In Whitefish, Montana, The Pine Lodge is an ideal spot for those who want to spend time in the great outdoors.
The hotel is close to Whitefish Lake and the Whitefish Mountain Resort and also has a free shuttle to take guests to and from the airport or train station. Complimentary breakfast is also included.
The Giacomo Hotel, Niagara Falls, New York
(Photo courtesy of Choice Hotels)
The Giacomo is a towering hotel within close proximity to Niagara Falls. It provides restored history, with the building listed on the National Register of Historic Places.
From the front door, guests can walk to the Cave of the Winds, the Maid of the Mist boat tour, and nearby dining.
Hotel Blake, Chicago
(Photo courtesy of Hotel Blake)
Close to Grant Park and Millennium Park and in the Morton Building, Hotel Blake is on the National Register of Historic Places. This hotel is a great option for those who want to be close to tourist hot spots like the Art Institute of Chicago, Navy Pier and Lincoln Park Zoo.
With so many hotels in Chicago, it’s nice to redeem points for a hotel with local history and character.
Blue Angel Hotel NYC, New York
(Photo courtesy of Choice Hotels)
In the heart of Manhattan, Blue Angel Hotel NYC has a lovely al fresco terrace overlooking the city from the seventh floor.
Guests at this boutique hotel also receive a selection of drinks and snacks and a free pass to a nearby health club to use during their stay.
Earn Choice Hotels points quickly
Choice Privileges points can generally be redeemed for a night at a Choice hotel for between 6,000 and 35,000 points, but before you start using your Choice Privileges points, you have to earn them. Beyond qualifying hotel stays, another way to amass a large number of points is to earn a sign-up bonus from a Choice Hotels credit card.
Here’s how the company’s two co-branded cards compare.
How the cards compare
Choice Privileges® Select Mastercard®
Choice Privileges® Mastercard®
Annual Fee
Sign-Up Bonus
Earn 60,000 bonus points when you spend $3,000 in purchases in the first 3 months – enough to redeem for up to 7 rewards nights at select Choice Hotels® properties..
Earn 40,000 bonus points when you spend $1,000 in purchases in the first 3 months – enough to redeem for up to 5 rewards nights at select Choice Hotels® properties..
Still not sure?
If you seek more flexibility in redeeming miles for hotel stays, consider applying for a more general travel credit card instead. A more general travel credit card differs from a hotel card in that you can book lodging at multiple hotel chains, rather than reaping the benefits of staying loyal to a single brand.
The more high-end the travel credit card, the more benefits you can enjoy, including airport lounge access or automatic elite status in certain programs. That said, a brand-specific hotel card can net benefits like late check-out or free breakfast, which can have meaningful dollar value.
Choice Privileges’ soft brand, Ascend Hotel Collection
These one-of-a-kind boutique hotels allow Choice Privileges members to earn and redeem points at independent hotels that prove unique to their area. Each hotel has its own character and amenities, but for those looking for a hotel with its own style and substance, Ascend Hotels are a perfect fit.
How to maximize your rewards
You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2024, including those best for:
According to NYCB’s projections, the sale will add a substantial 65 basis points to the company’s CET1 capital ratio, bringing it to a pro-forma 10.8% as of March 31, 2024, after accounting for the preferred conversion. “Consistent with my guidance during our recent earnings call, we are moving forward quickly to implement our strategic plan, … [Read more…]
BUFFALO, N.Y., May 15, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced OneTrust Home Loans as its newest Fee Chaser client. Using Fee Chaser, OneTrust Home Loans can streamline its operations and compliantly collect upfront fees from its borrowers.
Fee Chaser’s direct integration with OneTrust Home Loans’ loan origination system (LOS) enables loan officers and other support staff to send a unique payment link to the borrower with one click. Once borrowers pay using the link, Fee Chaser delivers a receipt to all parties and automatically updates the loan file within the LOS. The average turn time between sending the link and receiving payment is five minutes.
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One trend that has been inescapable for the past few months is bows. From hair accessories to bow-adorned sweaters, you can’t step outside without passing at least a few bows. And there’s good news if you can’t get enough of them: The trend has now made its way into home decor, too. Below you’ll find 12 bow decor pieces that will bring a playful touch to your house.
Decorate your bedroom with this delicate floral bedding set that features bow ties on the pillows, or outfit your bathroom with this matching shower curtain and bath mat. Shop more bow throw pillows, duvet covers, lamps, and more to add a feminine look to your space.
Bow Home Decor Starting at $9
Annadaif Bow Tie Duvet Cover Set, $31 (was $35); amazon.com
Urban Outfitters Lacey Bows Sham Set, from $39; urbanoutfitters.com
Annadaif Bow Tie Duvet Cover Set
Amazon
You can subtly add the bow look to your bedroom with this “Instagram-worthy” bedding set that includes a duvet cover and two pillow shams. Rather than a button closure, the cover and pillowcases tie closed with cute bows along the edges, and the interior of the duvet cover has corner ties to hold a comforter in place. The bedding is made of machine-washable polyester microfiber that shoppers say is “buttery soft and cool to sleep under.”
Warmtree Decorative Tray
Amazon
This tray would make a great catch-all for your keys, jewelry, makeup, and other small items. And another unexpected use? Shoppers say it’s the perfect size to function as a coaster. It measures 7.5 by 4.5 inches, making it large enough to hold your phone, too. The resin material looks like ceramic and feels “substantial and heavy,” according to one reviewer. They added, “[It] has a nice felt back to it, so it won’t scratch your furniture. For the price, I think it is an excellent value.”
E by Design Spring Chevron Bow Square Throw Pillow
Target
Prepare your house for spring with this bright chevron throw pillow that comes in various hues, like mauve/yellow, green/pink, pink/blue, and orange/blue. It would make a great pop of color on your couch or bed, or you can place them on outdoor furniture when the weather starts to warm up. The down-alternative square pillow is printed on both sides, so you can toss them around without having to reorganize.
Ava Ribbon Table Lamp
Pottery Barn Kids
While this bow-accented lamp is technically for kids, it looks sleek enough to place in any room of the house regardless of your age. Made of aluminum and steel, the lamp stand has a brushed gold finish with just enough sheen to look expensive, as well as a white linen shade that will seamlessly blend into any decor. It also has an unobtrusive clear cord that’s easy to hide.
Keep reading for more adorable bow home decor from Pottery Barn, Anthropologie, Wayfair, and more below.
Welcome to the enchanting city of Orlando, where magic and excitement are around every corner. Known for its world-renowned theme parks, vibrant entertainment scene, and year-round sunshine, Orlando is a dream destination for residents and visitors alike. Considerations for residents include the thriving job market, diverse housing options, and the bustling tourist industry. So whether you’re searching for the perfect apartment in downtown Orlando or eyeing a rental house in the suburbs, you’ve come to the right place.
In this Apartment Guide article, we’ll cut to the chase, breaking down the pros and cons of moving to Orlando. Let’s get started and see what awaits in the land of magic and adventure.
Pros of moving to Orlando
1. Theme park paradise
Orlando is home to some of the most famous theme parks in the world, including Walt Disney World, Universal Studios, and SeaWorld. Residents have easy access to these iconic attractions, making it a dream destination for thrill-seekers and families alike. The abundance of theme parks also means there are plenty of job opportunities in the hospitality and entertainment industries, providing a unique and exciting work environment for residents.
2. Outdoor recreation
With its year-round warm climate, Orlando offers an abundance of outdoor recreational activities. Residents can enjoy boating, fishing, and water sports on the numerous lakes and rivers in the area. There are also plenty of parks and nature reserves for hiking, biking, and picnicking, providing a welcome escape from the hustle and bustle of city life. Silver Springs State Park is a popular spot for camping, kayaking, and boating.
3. Cultural diversity
Orlando is a melting pot of cultures, with a diverse population that brings a rich tapestry of traditions, cuisines, and festivals to the city. Residents can explore a wide range of international cuisines, visit cultural festivals, and participate in community events that celebrate the city’s multicultural heritage. Popular festivals include the Latin American Performing Arts Festival, the Central Florida Scottish Highland Games, and the Asian Cultural Festival.
4. Job opportunities
As a major hub for tourism and hospitality, Orlando offers a wide range of job opportunities in these industries. Additionally, the city is home to a growing technology sector, providing employment options in fields such as simulation, aerospace, and defense. The job market in Orlando is diverse and dynamic, offering something for everyone. Major employers include the Walt Disney Company, Adventist Health Systems, Publix Supermarkets, Lockheed Martin, and Marriott.
5. Friendly environment
Orlando is known for its friendly atmosphere, with a wide range of activities and attractions geared towards both children and adults. From interactive museums and science centers to kid-friendly restaurants and entertainment venues, there’s no shortage of options for fun in the city.
6. Sports and recreation
For sports enthusiasts, Orlando offers a variety of professional and amateur sports teams, as well as numerous sports facilities and recreational leagues. Whether it’s catching an Orlando Magic basketball game or joining a local soccer league, residents can stay active and engaged in the city’s vibrant sports scene.
Cons of moving to Orlando
1. Limited job diversity
While Orlando offers job opportunities in tourism, hospitality, and technology, some residents may find the job market limited in other industries. Those seeking careers in fields such as finance, fashion, or media may need to explore opportunities in other cities.
2. Traffic congestion
Orlando is known for its heavy traffic, especially around the theme park areas and major highways. Commuting can be a challenge during peak hours, and residents may find themselves spending a significant amount of time stuck in traffic jams.
3. High humidity
Orlando’s subtropical climate brings high humidity levels, especially during the summer months. This can make outdoor activities uncomfortable for some residents and may require extra precautions to stay cool and hydrated.
4. Tourist crowds
As a popular tourist destination, Orlando can get crowded, especially during peak travel seasons. Residents may find themselves contending with long lines at attractions, crowded restaurants, and increased traffic in tourist-heavy areas.
5. Hurricane risk
Orlando is located in a region prone to hurricanes and tropical storms, which can pose a risk to residents and their property. While the city is well-prepared for these weather events, the potential for damage and disruption is a concern for some residents.
6. Limited cultural scene
While Orlando has a vibrant entertainment and theme park scene, some residents may find the city lacking in terms of cultural institutions such as art museums, theaters, and galleries. Those seeking a more robust cultural experience may need to look beyond the city limits.
Donald R. Horton, chairman of the eponymous homebuilder that shared his name, died suddenly at age 74; no further details were disclosed. According to a LinkedIn post, D.R. Horton employees were notified on Thursday afternoon, with the company putting out a press release on Friday morning.
Horton was the founder of the company in 1991 and occupied the chairman’s role since then, as well as acting as president and CEO from July 1991 until November 1998.
Horton, who stepped back from an executive role at his company D.R. Horton in October, died suddenly on Thursday.
He was involved in real estate and homebuilding since 1972, and was the founder, sole or principal stockholder, director and president of each of D.R. Horton’s predecessor companies, which date from 1978 to 1990.
D.R. Horton was the largest homebuilder in the nation in 2022 based on gross revenue, at $32.67 billion, edging out Lennar at $31.78 billion, according to Statista.
David Auld, executive vice chairman, has been elevated to executive chairman after Horton’s death.
“It is with great sadness that I announce the passing of my friend and our company’s iconic founder and chairman, Don (“DR”) Horton,” Auld said in the announcement. “Throughout the company’s 46-year existence, he worked tirelessly to build a national homebuilding operation with a strong company culture, and the impact of his personal involvement with our team of operators across the United States has contributed immeasurable value to our company and people.”
On Oct. 1, 2023, Horton stepped aside from an executive role at the homebuilder but remained as chairman. Auld moved to executive vice chairman from president and CEO, while Paul Romanowski, the then-executive vice president and co-chief operating officer moved into the jobs Auld previously occupied; no reason was provided for the changes at the time.
“We are all indebted to DR for his vision, tenacity and never-ending drive to continue to grow and improve our company,” Auld said. “While he is impossible to replace, we will strive to carry on his legacy of enabling the dream of homeownership for individuals and families across the United States in every stage of their lives.”
D.R. Horton owns an in-house lender, DHI Mortgage. In the first quarter, the company said this business provided financing for 80% of homes it sold, according to the 10-Q filing.
The homebuilder closed on the sale of 22,548 homes, with DHI originating the mortgage on 18,066. That compared with 19,664 and 14,865 for the first quarter of 2023.
The financial services segment, which includes a title company, had pretax income of $78 million for the first quarter, down from $85.6 million one year prior.
In its fourth quarter results, D.R. Horton noted its home sales business was being boosted through the use of temporary mortgage rate buydowns.
A public memorial for Horton will be held at a later date. He is survived by his wife Marty, their sons Ryan (and his wife Stacy) and Reagan (and his wife Michelle) and four grandchildren: Douglas, Madeline, Derek and Shelby.
Inside: Learn how much your 65k salary is hourly. Plus find tips to make more money and live the lifestyle you want.
You want to know to look into this… 65k salary is a good hourly wage when you think about it.
When you get your first job and you are making just above minimum wage like $16 an hour, making over $65,000 a year seems like it would provide amazing opportunities for you. Right?
The median household income was $70,084 in 2021 not much different from the previous year (source). Think of it as a bell curve with $70 at the top; the median means half of the population makes less than that and half makes more money.
The average income in the U.S. is $55,350 for a 40-hour workweek; that is an increase of 1.1% from the previous year (source). That means if you take everyone’s income and divide the money out evenly between all of the people.
But, the question remains… Can you truly live off 65,000 per year in today’s society? The question you want to ask all of your friends is $65000 per year a good salary.
In this post, we are going to dive into everything that you need to know about a $65000 salary including hourly pay and a sample budget on how to spend and save your money.
These key facts will help you with money management and learn how much per hour $65k is as well as what you make per month, weekly, and biweekly.
Just like with any paycheck, it seems like money quickly goes out of your account to cover all of your bills and expenses, and you are left with a very small amount remaining. You may be disappointed that you were not able to reach your financial goals and you are left wondering…
Can I make a living on this $65k salary?
$65000 a year is How Much an Hour?
When jumping from an hourly job to a salary for the first time, it is helpful to know how much is 65k a year hourly. That way you can decide whether or not the job is worthwhile for you.
For our calculations to figure out how much is 65K salary hourly, we used the average five working days of 40 hours a week.
65000 salary / 2080 hours = $31.25 per hour
$65000 a year is $31.25 per hour
Let’s breakdown how that 65000 salary to hourly number is calculated
Typically, the average work week is 40 hours and you can work 52 weeks a year. Take 40 hours times 52 weeks and that equals 2,080 working hours. Then, divide the yearly salary of $65000 by 2,080 working hours and the result is $31.25 per hour.
Just above $31 an hour.
That number is the gross hourly income before taxes, insurance, 401K, or anything else is taken out. Net income is how much you deposit into your bank account.
You must check with your employer on how they plan to pay you. For those on salary, typically companies pay on a monthly, semi-monthly, biweekly, or weekly basis.
What If I Increased My Salary?
Just an interesting note… if you were to increase your annual salary by $8K to $73000 a year, it would increase your hourly wage by $3.85 per hour.
To break it down – 73k a year is how much an hour = $35.10
That makes a sizable difference to have your hourly wage over $35 an hour.
How Much is $65K salary Per Month?
On average, the monthly amount would be $5,416.67.
Annual Salary of $65000 ÷ 12 months = $5416.67 per month
This is how much you make a month if you get paid 65000 a year.
$65k a year is how much a week?
This is a great number to know! How much do I make each week? When I roll out of bed and do my job of $65k salary a year, how much can I expect to make at the end of the week for my effort?
Once again, the assumption is 40 hours worked.
Annual Salary of$65000/52 weeks = $1,250 per week.
$65000 a year is how much biweekly?
For this calculation, take the average weekly pay of $1,250 and double it.
This depends on how many hours you work in a day. For this example, we are going to use an eight hour work day.
8 hours x 52 weeks = 260 working days
Annual Salary of$65000 / 260 working days = $250 per day
If you work a 10 hour day on 208 days throughout the year, you make $312 per day.
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$65000 Salary is…
$65000 – Full Time
Total Income
Yearly Salary (52 weeks)
$65,000
Monthly Salary
$5,416.67
Weekly Wage (40 Hours)
$1,250
Bi-Weekly Salary (80 Hours)
$2,500
Daily Wage (8 Hours)
$250
Daily Wage (10 Hours)
$312
Hourly Wage
$31.25
Net Estimated Monthly Income
$4,135
Net Estimated Hourly Income
$23.86
**These are assumptions based on simple scenarios.
65k a year is how much an hour after taxes
Income taxes is one of the biggest culprits of reducing your take-home pay as well as FICA and Social Security. This is a true fact across the board with a salary range of up to $160,200.
When you start getting into a higher salary range, the more you make, the more money that you have to pay in taxes.
Every single tax situation is different.
On the basic level, let’s assume a 12% federal tax rate and a 4% state rate. Plus a percentage is taken out for Social Security and Medicare (FICA) of 7.65%.
So, how much an hour is 65000 a year after taxes?
Gross Annual Salary: $65,000
Federal Taxes of 12%: $7,800
State Taxes of 4%: $2,600
Social Security and Medicare of 7.65%: $4,972.50
$65k Per Year After Taxes is $49,627.50.
This would be your net annual salary after taxes.
Hourly Wage after Taxes
To turn that back into an hourly wage, the assumption is working 2,080 hours.
$49,627.50 ÷ 2,080 hours = $23.86 per hour
After estimated taxes and FICA, you are netting $49,627 per year, which is $15,373 per year less than what you expect.
***This is a very high-level example and can vary greatly depending on your personal situation and potential deductions. Therefore, here is a great tool to help you figure out how much your net paycheck would be.***
Taxes Based On Your State
In addition, if you live in a heavily taxed state like California or New York, then you have to pay way more money than somebody who lives in a no-tax state like Texas or Florida. This is the debate of HCOL vs LCOL.
Thus, your yearly gross $65000 income can range from $44,427 to $52,227 depending on your state income taxes.
That is why it is important to realize the impact income taxes can have on your take-home pay. It is one of those things that you should acknowledge and obviously, you need to pay taxes. But, it can also put a huge dent in your ability to live the lifestyle you want on a $65,000 income.
How Much Is 65K A Year Hourly Salary Calculator
More than likely, your salary is not a flat 65k, here is a tool to convert your salary to hourly calculator.
Many of the best paying jobs in real estate investment trusts start in this range.
65k salary lifestyle
Every person reading this post has a different upbringing and a different belief system about money. Therefore, what would be a lavish lifestyle to one person, maybe a frugal lifestyle to another person? And there’s no wrong or right, it is what works best for you.
One of the biggest factors to consider is your cost of living.
In another post, we detailed the differences between living in an HCOL vs LCOL vs MCOL area. When you live in big cities, trying to maintain your lifestyle of $65,000 a year is going to be much more difficult because your basic expenses, housing, transportation, food, and clothing are going to be much more expensive than you would find in a lower cost area.
To stretch your dollar further in the high cost of living area, you would have to probably live cheap and prioritize where you want to spend money and where you do not. Whereas, if you live in a low cost of living area, you can live a much more lavish lifestyle because the cost of living is less. Thus, you have more fun spending left in your account each month.
As we noted earlier in the post, $65,000 a year is just below the median income that you would find in the United States. Thus, you are able to live a modest lifestyle here in America.
What a $65,000 lifestyle will buy you:
If you are debt free and utilize smart money management skills, then you are able to enjoy the lifestyle you want.
You are able to afford a home in a decent neighborhood in MCOL or LCOL city.
Love life being financially sound.
You should be able to meet your expenses each and every month.
Ability to make sure that saving money is a priority, and very possibly save $5000 in a year.
Able to afford modest vacations on a fairly regular basis; of course by using your vacation fund.
When A $65,000 Salary Will Hold you Back:
However, if you are riddled with debt or unable to break the paycheck to paycheck cycle, then living off of 65k a year is going to be pretty darn difficult.
There are two factors that will keep holding you back:
You must pay off debt and cut all fun spending until that happens.
Break the paycheck to paycheck cycle.
It is possible to get ahead with money!
It just comes with proper money management skills and a desire to have less stress around money. That is a winning combination regardless of your income level.
$65K a year Budget – Example
As always, here at Money Bliss, we focus on covering our basic expenses plus saving and giving first, and then our goal is to eliminate debt. The rest of the money is left for fun spending.
If you want to know how to manage a 65k salary the best, then this is a prime example for you to compare your spending.
You can compare your budget to the ideal household budget percentages.
recommended budget percentages based on $65000 a year salary:
Category
Ideal Percentages
Sample Monthly Budget
Giving
10%
$341
Savings
15-25%
$1002
Housing
20-30%
$1354
Utilities
4-7%
$217
Groceries
5-12%
$406
Clothing
1-4%
$41
Transportation
4-10%
$217
Medical
5-12%
$271
Life Insurance
1%
$16
Education
1-4%
$27
Personal
2-7%
$81
Recreation / Entertainment
3-8%
$163
Debts
0% – Goal
$0
Government Tax (including Income Taxes, Social Security & Medicare)
15-25%
$1281
Total Gross Income
$5,417
**In this budget, prioritization was given to basic expenses and no debt.
Is $65,000 a year a Good Salary?
As we stated earlier if you are able to make $65,000 a year, that is a good salary. You are making more money than the average American and slightly less on the bell curve on the median income.
You shouldn’t be questioning yourself is 65000 a good salary.
However, too many times people get stuck in the lifestyle trap of trying to keep up with the Joneses, and their lifestyle desires get out of hand compared to their salary. And what they thought used to be a great salary actually is not making ends meet at this time.
This $65k salary would be considered a middle class salary. This salary is something that you can live on very comfortably.
Check: Are you in the middle class?
In fact, this income level in the United States has enough buying power to put you in the top 91 percentile globally for per person income (source).
The question you need to ask yourself with your 65k salary is:
Am I maxed at the top of my career?
Is there more income potential?
What obstacles do I face if I want to try to increase my income?
In the future years and with possible inflation, in some expensive cities, 65000 a year is not a good salary because the cost of living is so high, whereas these are some of the cities where you can make a comfortable living at 65,000 per year.
If you are looking for a career change, you want to find jobs paying at least $80,000 a year.
Is 65k a good salary for a Single Person?
Simply put, yes.
You can stretch your salary much further because you are only worried about your own expenses. A single person will spend much less than if you need to provide for someone else.
Your living expenses and ideal budget are much less. Thus, you can live extremely comfortably on $65000 per year.
And… most of us probably regret how much money wasted when we were single. Oh well, lesson learned.
Is 65k a good salary for a family?
Many of the same principles apply above on whether $65000 is a good salary. The main difference with a family, you have more people to provide for than when you are single or have just one other person in your household.
The costs of raising children are high and will steeply cut into your income. As you can tell this is a huge dent in your income, specifically $12,980 annually per child.
That means that amount of money is coming out of the income that you earned.
So, the question really remains can you provide a good life for your family making $65,000 a year? This is the hardest part because each family has different choices, priorities, and values.
More or less, it comes down to two things:
The location where you live in.
Your lifestyle choices.
You can live comfortably as a family on this salary, but you will not be able to afford everything you want.
Many times when raising a family, it is helpful to have a dual-income household. That way you are able to provide the necessary expenses if both parties were making 65,000 per year, then the combined income for the household would be $130,000. Thus making your combined salary a very good income.
Learn how much money a family of 4 needs in each state.
Can you Live on $65000 Per Year?
As we outlined earlier in the post, $65,000 a year:
$31.25 Per Hour
$250-312 Per Day (depending on length of day worked)
$1250 Per Week
$2500 Per Biweekly
$5416 Per Month
Next up is making $70000 a year.
Like anything else in life, you get to decide how to spend, save and give your money.
That is the difference for each person on whether or not you can live a middle-class lifestyle depends on many potential factors. If you live in California or New Jersey you are gonna have a tougher time than Oklahoma or even Texas.
In addition, if you are early in your career, starting out around 43000 a year, that is a great place to be getting your career. However, if you have been in your career for over 20 years and making $65K, then you probably need to look at asking for pay increases, pick up a second job, or find a different career path.
Regardless of the wage that you make, if you are not able to live the lifestyle that you want, then you have to find ways to make it work for you. Everybody has choices to make.
But one of the things that can help you the most is to stick to our ideal household budget percentages to make sure you stay on track.
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Almost nineteen years into early retirement now, I’ve come to realize that the complete freedom of this lifestyle can be a double-edged sword.
You’ve already heard me raving plenty about the upside: having the freedom to raise a son from the day he was born to beyond his eighteenth birthday with no compromises. And then to put thousands of hours into everything else I value as well: family, health, friends, adventures, building stuff, and even writing the occasional blog post. No complaints about any of this.
But if I can indulge you to play me a brief Tiny Violin of First World Problems solo, even this perfect life comes with one flaw: I never have to do anything I don’t want to do.
To most people, this sounds like a dream come true. Especially if you combine total freedom with plenty of money, life is just a non-stop blissful playground of self actualization, right?
Well, maybe, but maybe not. In reality, the answer depends on who you are.
Freedom and money reveal a person’s true strengths and weaknesses, and the result is a spectrum with “Unlimited drugs and booze on the couch” at one end, and “Create and manage a series of nonprofit foundations which employ thousands of people to research and invest in medical advances and clean energy” at the other.
For most of my journey so far, I seem to have found the balance pretty naturally. My Dad job was very intense for the first decade, but somehow I also had time to build and restore quite a few houses in the neighborhood, take plenty of intense trips to interesting places, give some talks and make some videos, and still write a few hundred blog posts.
But in these last few years, I have started slowing down, and it has become more and more difficult to wrangle and focus myself to get these things to happen as often.
Instead of constantly bouncing around the construction site building cool things, or falling into laser focus on the keyboard finishing an article that I just had to share with you, I found myself retiring to the couch earlier and earlier each afternoon, seeking distraction on the phone and wishing I had the energy and focus to do those other more enjoyable things.
So I fought back, by learning more about health and wellness. Trying to study and train my way into more energy and focus and motivation. And you’ve seen some of the results here, in articles I’ve shared about daily habits, steering clear of excessive comfort, and more.
And all of these things really work, IF you take the knowledge and actually put it into action. And therein lies the problem:
I kept learning effective new things, and successfully incorporating them into my life. They would work for a while, but gradually my brain would invent various excuses to stop doing them consistently, leaving me with plenty of knowledge but far too little accomplishment to show for it.
Until finally, just a few months ago, I realized that I had been sabotaging my own progress by turning my biggest life advantage into a disadvantage:
I have been using my freedom too much – in order to avoid doing things that I didn’t feel like doing.
See, freedom is great if it frees you from leaving your children at 5am so you can drive an hour through a traffic jam to sit in an office building for nine hours. But that same freedom goes to waste if you then just plunk the kids down in front of a playlist of cheap cartoons while you lounge in the corner to scroll Facebook all day.
You need to use it to do things that are even more valuable than the job you just quit. And if you can’t do that, you might as well just keep the damned job.
This is what I was doing, while lying about it to myself. I would focus on the easy things which are still good for me, like taking care of the house or hanging out with friends who live nearby. But I avoid doing the harder things – which for me means the things that require more planning, energy or focus. Even though these are the things that allow me to lead the life I enjoy most.
Let’s use workouts as an easy example. I already know that on a minute-for-minute basis, this is the single most effective thing almost anybody can do with their time because it drastically improves every other area of life. But despite knowing this, I was still following this pattern:
“I want to get in a really good weight training workout today. Because I know it’s the best thing I can possibly do for my health and wellness. But I don’t feel like doing a workout because it’s hard. So I’ll try to grease the wheels for myself so it’s easier to achieve. I’ll pick the perfect time of day when the weather is nice, and my energy level is high. I’ll set up my gym in advance the night before. And when that golden moment of perfect conditions hits, I’ll hit the gym!“
But between you and me, that moment didn’t always come. Some weeks I’d achieve it 2-3 times, some weeks I’d get “busy” and make excuses like “well at least I walked a lot today”. Some days I would complete a great workout, but when recording it in the journal I’d see that the previous one was over a week ago.
And the results of this lackluster effort were exactly what you’d expect: lackluster fitness.
Then something changed and I learned that there’s a much better way to get those workouts done. It’s by replacing the long, meandering, frankly wussypants dialog above with this one:
I want to work out today. I don’t feel like it. ^^^ AHA!! I JUST CAUGHT MYSELF TRYING TO SELF SABOTAGE! ^^^ I am now already putting on my shoes and walking to the gym.
I’m using workouts as an example because this is the behavior I managed to change most successfully, but the exact same technique applies to everything else that you or I want to do, but fail to do regularly.
The key is learning to watch over yourself like an Eagle and identify that exact moment of hesitation.
And then instead of using it as a trigger for excuses, you use it as a trigger for action.
It’s so counterintuitive at first, but then obvious in retrospect. Hesitance feels shitty in the moment, and it really can ruin your life if you listen to it too often. But the ultimate solution is usually to run directly towards, rather than away from, the stuff you don’t want to do.
So really, Hesitation can be the ultimate life coach.
Using Extremely Badass People as Fuel
As part of writing this article, I shared the idea around with friends to test it out first. And I was initially surprised to get mixed results. About half of them could relate with me: they felt they were underachieving in life and wanted to do more. The other half though I was crazy: these people feel they are already doing too much, raising multiple kids and managing multiple businesses and training for ironman triathlons in the mountains.
The overachievers go through life nicely buzzed but often stressed. When hearing them describe their schedules, I was absolutely not envious. At the same time, they weren’t impressed with my schedule either because it’s too easy. We could both benefit from making adjustments towards the center.
Enter Goggins
Typical Goggins results on Youtube
Impressive overachiever friends are one thing, but the thing that really flipped the switch for me was hearing a podcast interview with our planet’s most extreme example of driving yourself beyond your former limits, David Goggins.
I learned about his life story with a mix of awe and horror. Severely beaten as a child, he grew up with a looming wall of psychological demons and issues, but his reaction was the unique part: he has been driven to compulsively seek out and overcome extreme hardship, not just to unimaginable levels but hundreds of times beyond that.
From pushing through several near-death experiences just to qualify for a Navy SEALS career, to breaking his own legs, heart and lungs from the constant exertion of things like running 240 miles over four days without sleeping, to setting a world record of 4025 bar pull ups over 24 hours (shredding his hands to look like ground beef in the process), the man does things I would never have thought are even close to possible for a human.
And that flipped a switch for me, by putting my own incredibly easy, under-achieving life into perspective.
Because while I absolutely do not want any part of the Goggins life, and I’ll would gladly live my life never having run more than 10 miles at a single stretch, I do find it incredibly helpful to learn that pretty much all of our barriers are entirely mental, not physical or placed upon us by the outside world.
Sure, we do have different starting points and different amounts of luck. But instead of thinking of life like this:
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I now realize that things are more like this:
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And that’s a really empowering way to think about life, that feels like the sky has opened way up.
Ongoing Inspiration
So the podcast was just an introduction. I wrote down a particularly concise quote “You already fuckin’ know what to do.” on a piece of cardstock, stuck it to my bathroom mirror, and started acting on it immediately.
Suddenly, I was able to hit the gym every single day because I had two ways to approach it: wanting to put in a workout, and not wanting to put in a workout, either of which became a trigger to work out immediately.
And of course, once I finally put in the effort, it started working. Even though I’ve been sorta into this type of training since I was a teenager, I have mostly floated along on a plateau for years. But with this change in attitude,I gained ten pounds of lean weight over the first four months, returning to the strength and flexibility that I had at age 25, and every single joint in my body feels like it has been upgraded to a study, well oiled spring.
Middle aged man reclaims youth through motivation.
I also used the “catch yourself at the moment of hesitance” to get myself to run instead of walk more often (over 20 runs since I got back to Colorado last month), get over to the MMM-HQ coworking space for more work and socializing visits, and even to sit back down at the computer to write this post for you. While I’ve found that too much blogger work (and internet “success”) is a bad thing, there is still a right level that works for me. But it takes a lot of discipline to be willing to do it, because of all the other easier and more thrilling activities I could be doing with this same stretch of time.
Refilling the Inspiration Tank
For me, fully internalizing this one powerful piece of inspiring profanity has been transformative. But I still find that returning regularly to the well makes all this work even better. So I downloaded both of the Goggins audiobooks and worked through them in little chunks on my morning walks over the period of a month. Then I moved on to Peter Attia’s Outlive, and Jocko Willink’s Extreme Ownership.
While the intellectuals fret about the perils of “Bro Science” or the “Toxic Masculinity” of today’s tribe of health podcasters and question their motivation, I simply absorb the messages that work for me and discard the rest. Find people who make you reach a little higher, and feed on their energy.
And for me, being exposed to successful, strong, athletic people who squeeze a lot of work out of themselves is a big source of inspiration. It helps me do more with my day, which is exactly what works for me right now at this phase of life.
Commodity exchange-traded funds are ETFs that invest in hard and soft commodities. Commodities are raw materials — e.g. grain, precious metals, livestock, energy products — used for direct consumption or to produce other goods. Crude oil, corn, and copper are examples of commonly traded commodities.
Investing in a commodity ETF can offer exposure to one or more types of commodities within a single vehicle. There are different types of commodity ETFs to choose when building a diversified portfolio.
What Is a Commodity ETF?
A commodity ETF is an exchange-traded fund that specifically invests in commodities or companies involved in the extraction or production processing of commodities.
An ETF or exchange-traded fund combines features of mutual funds and stocks, in that they offer exposure to an underlying group of assets (e.g. stocks, bonds, derivatives). But unlike mutual funds, ETFs trade on an exchange.Whether you have broad or narrow exposure to commodities within a single ETF can depend on how it’s managed and its objectives.
Like other exchange-traded funds, commodity ETFs can be bought and sold inside a brokerage account. Each fund can have an expense ratio, which determines the cost of owning it annually, and brokerages may charge transaction fees when you buy or sell shares.
Commodity ETFs fall under the rubric of alternative investments, which also applies to private equity and hedge funds.
💡 Quick Tip: Alternative investments provide exposure to sectors outside traditional asset classes like stocks, bonds, and cash. Some of the most common types of alternative investments include commodities, real estate, foreign currency, private credit, private equity, collectibles, and hedge funds.
Alternative investments, now for the rest of us.
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How Do Commodity ETFs Work?
Commodity ETFs are pooled investments, with multiple investors owning shares. The fund manager determines which commodities the fund will hold and when to buy or sell holdings within the fund. When you buy shares of a commodity ETF, you invest in everything that’s held within the fund.
In many cases, that includes commodities futures contracts. A commodity futures contract is an agreement to buy or sell a set amount of a commodity at a future date for a specified price. That’s an advantage for investors who may be interested in trading futures but lack the know-how to do so.
A commodity ETF may follow an active or passive management strategy. Many commodity ETFs are structured as index funds. An index fund aims to track and match the performance of an underlying benchmark. These types of commodity ETFs are passively managed.
Actively-managed funds, by comparison, typically aim to outstrip market returns but may entail more risk to investors.
Types of Commodity ETFs
Commodity ETFs aren’t all designed with the same objectives in mind. There are different types of commodity ETFs you might invest in, depending on your goals, diversification needs, and risk tolerance.
Here are some of the most common ETF options commodities investors may choose from.
Physically Backed ETFs
A physically backed ETF physically holds the commodity or commodities it trades. For example, a physically backed ETF that invests in precious metals may store gold, silver, platinum, or palladium bars in a secure vault at a bank.
It’s more common for physically backed ETFs to hold hard commodities like precious metals, since these are relatively easy to transport and don’t have a shelf life expiration date. It’s less likely to see physically backed ETFs that invest in agricultural goods like wheat or corn, as they cannot be stored for extended periods.
Futures-Based ETFs
Futures-based ETFs invest in commodities futures contracts, rather than holding or storing physical commodities. That can reduce the overall management costs, resulting in lower expense ratios for investors.
A futures-based ETF may hold commodities contracts that are close to expiration, then roll them into new contracts before the expiration date. Depending on the price of the new futures contract, this strategy may result in a cost or gain for investors.
Commodity Company ETFs
Commodity company ETFs invest in companies that produce or process commodities. For example, this type of ETF may invest in oil and gas companies, cattle farming operations, or companies that operate palm oil plantations.
These types of commodity ETFs are similar to equity ETFs, since the investment is in the company rather than the commodity itself.
Examples of Commodity ETFs
Commodity ETFs are not always easily identifiable for investors who are new to this asset class. Here are some of the largest commodity ETF options with a focus on mitigating inflation.
• SPDR Gold Trust (GLD). SPDR Gold Trust is the largest physically backed gold ETF in the world. The ETF trades on multiple stock exchanges globally, including the New York Stock Exchange (NYSE) and the Tokyo Stock Exchange.
• Energy Select Sector SPDR Fund (XLE). This commodity ETF invests in companies in the energy industry, including oil and gas companies, pipeline companies, and oilfield services providers.
• Invesco DB Agriculture Fund (DBA). The Invesco DB Agriculture Fund tracks changes in the DBIQ Diversified Agriculture Index Return, plus the interest income from the fund’s holdings. The index itself is composed of agricultural commodity futures.
• First Trust Global Tactical Commodity Strategy Fund (FTGC). This commodity ETF is an actively managed fund that offers exposure to energy commodities futures.
• Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF (PDBC). PDBC is another actively managed ETF that invests in commodity-linked futures and other financial instruments offering exposure to the most in-demand commodities worldwide.
Pros and Cons of Commodity ETFs
Commodity ETFs have pros and cons like any other investment. It’s helpful to weigh both sides when deciding whether this type of alternative investment aligns with your overall wealth-building strategy.
Pros
• Diversification. Commodity ETFs can offer a very different risk/return profile than traditional stocks or bonds. Commodities in general tend to have a low correlation with stocks, which can help spread out and manage risk in a portfolio.
• Inflationary protection. Commodities and inflation typically move in tandem. As the prices of consumer goods and services rise, commodity prices also rise. That can offer investors a hedge of sorts against the impacts of inflation.
• Access. Direct investment in commodities is generally out of reach for the everyday investor, as it may be quite difficult to hold large quantities of physical goods or raw materials. Commodity ETFs offer a simple and convenient package for investing in commodities without taking physical possession of underlying assets.
Cons
• Volatility. Compared with other investments, commodities can be much more susceptible to pricing fluctuations as supply and demand wax and wane. Unexpected events, such as a global drought or a war that threatens crop yields, can also catch investors off guard.
• No dividends. While some ETFs may generate current income for investors in the form of dividends, commodity ETFs typically do not. That could make them less attractive if you’re looking for an additional stream of passive income or are interested in reinvesting dividends to buy more shares.
• Cost. Physically backed ETFs may pay storage fees to hold underlying commodities. Those costs may be folded into the expense ratio, making the ETF more expensive for investors to own.
Why Invest in Commodity ETFs?
Commodity ETFs can be worth investing in for those who wish to hedge against inflation or generate positive returns when stocks appear to be faltering. They also represent a more accessible alternative to direct investment in commodities, which may be difficult for an individual investor to manage.
Investors who are already trading futures contracts or are learning how to do so may appreciate the accessibility that commodity ETFs can offer. Commodity ETFs tend to be highly liquid, meaning it’s relatively easy to buy and sell shares on an exchange, a feature other alternative investments don’t always share.
A commodity ETF may be less suitable for an investor who has a lower risk tolerance or isn’t knowledgeable about the commodities market or futures trading. Talking to a financial advisor can help you determine whether commodities are something you should be pursuing as part of your broader investment plan.
💡 Quick Tip: Are self-directed brokerage accounts cost efficient? They can be, because they offer the convenience of being able to buy stocks online without using a traditional full-service broker (and the typical broker fees).
Tax Considerations When Holding Commodity ETFs
The type of commodity ETF you invest in can determine their tax treatment. Futures-based ETFs, for example, may experience losses or gains as contracts that are approaching expiration are replaced with new ones. Additionally, commodity ETFs that hold gold, silver, platinum, or palladium may be subject to a higher capital gains tax rate as the IRS considers precious metals to be collectibles.
Furthermore, the IRS 60/40 rule specifies that 60% of commodity capital gains or losses will be treated as long-term, while 40% are treated as short-term capital gains or losses for tax purposes. This rule does not consider how long you hold the investments, which could make commodity ETFs less favorable for investors who hold assets for one year or more.
It’s also important to be aware of how a commodity ETF is structured legally. Many operate as limited partnerships (LPs), which means they pass on annual income and gains or losses as a return of capital. Investors bear the responsibility of reporting their portion of fund profits and losses on Schedule K-1. If you’re not familiar with how to do so, that could add another wrinkle to your year-end tax prep.
The Takeaway
Adding a commodity ETF or two to your portfolio may appeal to you if you’re hoping to add some diversification to your holdings, and are comfortable with a potentially more volatile investment. When deciding which commodity ETFs to invest in, it’s wise to consider the underlying investments and the fund’s overall management strategy, as well as the fees you’ll pay to own it.
Ready to invest in your goals? It’s easy to get started when you open an investment account with SoFi Invest. You can invest in stocks, exchange-traded funds (ETFs), mutual funds, alternative funds, and more. SoFi doesn’t charge commissions, but other fees apply (full fee disclosure here).
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FAQ
Why is it risky to invest in commodities?
Commodities can be volatile. Commodity prices depend on supply and demand, which can change dramatically owing to weather patterns, technological innovations, supply chain issues, and more.
Do commodity ETFs pay dividends?
Commodity ETFs typically don’t pay dividends to investors, regardless of which type of ETF you have. The goal of investing in commodity ETFs is more often capital appreciation rather than current income.
Is it better to trade physical commodities or ETFs?
For most investors, trading raw material commodities simply isn’t feasible. There are issues of transport, storage, insurance, and liquidity. For that reason, commodity ETFs have emerged to give investors exposure to desired commodities without the physical demands.
Photo credit: iStock/Nastassia Samal
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Bonds lost ground at a modest to moderate clip on Friday, but not for any interesting or obvious reasons. The selling has been very linear over the past 2 trading days with Treasury yields fitting neatly inside a simple trend channel. There is perhaps some small case to be made for excess weakness in European bonds spilling over the a US bond market that has nothing better to do and no compelling motivations of its own. In the bigger picture, anything that takes place between 10yr yields of 4.34 and 4.50 would be considered very range-bound and that range might not be meaningfully challenged until the first week or two of June.
09:15 AM
Modestly weaker overnight with 10yr up 2.3bps at 4.40 and MBS down 2 ticks in 6.0 coupons
12:48 PM
weakest levels of the day with MBS down 6 ticks (.19) and 10yr yield up 3.6bps at 4.413.
03:09 PM
Just a bit more weakness, but flatting out now. MBS down just under a quarter point and 10yr up 4.3bps at 4.42
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