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الجمعة، 6 سبتمبر 2019

Finding Your Tribe Without Emptying Your Wallet

One of the most powerful books I’ve ever read was Robert Putnam’s Bowling Alone: The Collapse and Revival of American Community. The book’s focus is on how, in the last fifty years, people in America have become increasingly disconnected from one another and how many social structures, from bowling leagues and bridge clubs to the PTA and churches, have disintegrated, leaving much less social structure in their place.

The thing to remember is that the purpose of such groups isn’t to develop one or two lifelong friendships, but to develop social cohesion – a much larger roster of friends that you enjoy spending time with and sharing some of your resources with because you have overlapping interests. You meet up not because you’re best pals, but because you have some things in common. Sure, some individually strong friendships might develop, but social cohesion comes from having a larger number of individually less intense relationships – a cloth woven from strings rather than a rope or two.

What’s replaced that, for many of us, is a false sense of “social” structure. We fill our own homes with entertainment to distract us and find fault in our neighbors. We “touch base” with social media and texting, but rarely make actual time for each other. We use the internet to endlessly debate minor differences and keep raising the vitriol level to an unhealthy point. Most of the media changes of the last sixty years or so – television, the internet, cell phones – have made it easier and easier to not interact face to face while still maintaining a weak thread to other people, one that’s easier than ever to just quietly sever without noticing it. That, in the end, leaves us feeling lonely and isolated.

Throughout human history, humans have always congregated toward others, particularly those with common interests. We’re wired to do this because survival is easier as a group rather than by ourselves. On some deep biological level, we need to be around other people to maintain our mental well-being. That’s why loneliness is such a negative feeling.

On a deep level, many of us feel this sense of loneliness and lack of social cohesion, and whenever there’s a negative feeling inside of us, you can be sure that many businesses will pop up trying to “fix” that negative feeling. There are many businesses out there that strive to try to recreate that sense of social cohesion and give people a “tribe” to be a part of, whether it’s something like Crossfit or a martial arts school, a coworking space or a coffee shop, or even a church, which now seem to exist in every imaginable variety from large megachurches with arena seating to small groups gathering in what feels like a living room.

In many ways, all of those organizations and businesses are striving for the same thing: they want to fill that hole in people that’s created by the lack of social cohesion and loneliness.

The catch, of course, is that such organizations and businesses also often aim to extract money from your pocket at the same time. It costs money to hang out in a coffee shop or a bar or to use a coworking location or to join a martial arts school; even a church typically expects tithing. Those places do an excellent job of fostering community around a common interest, but they can really drain your finances along the way, as you’re essentially paying for staff to help facilitate that community and for the location with which to meet up.

Don’t get me wrong, there’s nothing inherently wrong with a social group that comes with a cost to secure people and facilities. There are many situations where that’s good and necessary. However, it doesn’t need to be a requirement for such a group.

The question I’m really asking is how do you “find your tribe” and find that kind of social cohesion today without simply opening the wallet and paying for that kind of social cohesion? This is a question I’ve been trying to suitably answer myself for years, and here’s what I’ve figured out.

First of all, there are a lot more free social groups and organizations in your community than you might think. The problem is that it’s often a bit tricky to find them. There isn’t a place you can go to just get a list of every open social group in your town. You have to dig around for them.

Here are some great places to look:
+ The website for your city – look for the community calendar or a list of civic organizations
+ The website of the parks and recreation department for your city
+ The website of the local newspaper that covers your city – look for calendars of local events
+ The website of the library in your city – look for their calendar of activities
+ The websites of the nearest colleges and universities – again, look for their calendar of activities
+ Meetup
+ The websites of businesses in your area related to your interests – see if they have calendars of in-store or community events

I live in rural Iowa and, following those steps, I was able to find dozens of potential groups to join and events that might coalesce into groups. Almost none of those groups come with costs – they’re usually organized by individuals doing it for pleasure and facilitated in public places or by businesses making the space available for promotional reasons.

What if you can’t find groups related to your interests? Start one. It’s actually not that hard. You simply need to secure a location for this type of meetup, which can usually be done by communicating with the local parks and recreation department or with businesses that might have space available and would be willing to let your group use that space, and then set a time and date and then promote the meetup as far and wide as you can. Share the information on every community group on social media, on every bulletin board you can find, and with local media as well. If there are any local groups even remotely related to the topic, share it with them, too. Come prepared to make things work in the way you’re envisioning – for example, if it’s hobby related, bring along plenty of things related to the hobby.

If you do start such a group, remember this: you may be needed to keep the ball rolling sometimes, or it may be that others take the ball and run with it. In either case, go with the flow. You’ll definitely need to nudge it along at the start, but if things go well, it will find a life of its own. Don’t hesitate to ask others to help by promoting the group or bringing new people or securing locations or whatever else needs to be done.

After a while, you may want to start hosting regular events yourself for smaller groups. Over time, I moved from attending some community game days to actually hosting a regular game day at my home for a rotating group of people. While I still participate in the larger community group (numbering 50-100 people), the people I invite are interested in a smaller niche (longer strategic games) – a tribe within a tribe, you might say. I’m also a part of a smaller book club after participating in larger book groups at the local library.

These steps have led me to have good friendships with a wide variety of people in my local area without spending a lot of money for it. I have good social connections with more people in my life right now than I have had at perhaps any other time in my life, including college, and it’s largely because I put in the effort to find these kinds of groups and, in a few cases, launch them myself.

Finding your tribe and finding the kind of social connection we all desire doesn’t mean you have to pay to go to Crossfit or hang out at a bar every night handing endless cash to the bartender. You just have to look around your community with an open mind and an open heart. Your tribe is out there waiting for you.

Good luck!

The post Finding Your Tribe Without Emptying Your Wallet appeared first on The Simple Dollar.



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Dear Penny: We’re in a Deep Financial Hole. Is There Any Way Out?

Dear L.,

You’re probably spending every waking millisecond wondering if this will be the day that the repo man shows up, the eviction notice arrives, or the power is disconnected. To say that it’s an anxiety-inducing way to live is a gross understatement.

And often when something is the source of great anxiety, it’s tempting to avoid it. You just want to get through another day, and asking for help is daunting. But you’ve got to.

A good place to start is the United Way-run 211 helpline, which is available to about 90% of the U.S. population. You dial 211, and you’ll be routed to a regional calling center that can give you information about rent and utility assistance, and guide you through the labyrinth of social services you may qualify for. They can also direct you to local food banks that could help you save money on necessities and free up some cash for bills. 

Another good thing about starting with 211 is that it’s a lot less intimidating to talk about your finances with someone you don’t owe money to — which brings me to the next thing I’m going to ask you to do.

You need to call everyone you owe and be brutally honest about your situation. Keeping your family sheltered is the No. 1 priority, so start with your landlord. 

You don’t say whether you’re employed or have other sources of income. If you do, you’ll be in a better position to negotiate a plan to get caught up. For example, you might be able to work out a plan where you pay by the week and tack on a small part of your past-due rent to your weekly payments. 

If you had a good track record of making on-time payments and are able to show that your current circumstances are the result of a one-time emergency, they’ll be even more willing to work with you. 

As for your car loan, some lenders may be willing to work out a forbearance plan, where you get a break of about a month or two on payments, but you’ll still have to make them up. They’ll consider your payment history, along with the reason for your request and how likely you are to actually get caught up.

Your utility company may have options for you as well, such as putting you on a payment plan or referring you to your local Low Income Home Energy Assistance Program that can help with your bills.

Even if you’re not able to work out a payment plan for your past-due bills, talking to your landlord and creditors can mitigate the damage. For example, if you still can’t afford your rent, you and your landlord might be able to agree on a move-out date so you can avoid an eviction on your credit report.

Of course, if you have any way to earn extra money by doing odd jobs, working extra shifts or selling valuables, now is the time to do it.

You can also go to benefit.gov to learn about what government programs you may qualify for, but keep in mind that your application could take several weeks to process and even longer to get benefits.

Ultimately, you need to prepare yourself for the worst-case scenario. Maybe that means temporarily moving in with family or into a shelter, or surrendering your car and relying on public transportation.

But until you ask for help you won’t know what resources are available. While there’s no easy fix for this situation, you do have options — but the longer you wait, the fewer you’ll have.

Robin Hartill is a senior editor at The Penny Hoarder and the voice behind Dear Penny. Send your questions about debt to AskPenny@thepennyhoarder.com.

This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.



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First-time buyers ditching traditional starter homes and buying three-bedroom properties

This week's best current accounts

This week's best current accounts Stephen Little Fri, 09/06/2019 - 08:00
First published on 8 May 2013


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20 ways to turn trash into cash

20 ways to turn trash into cash Emma Lunn Fri, 09/06/2019 - 09:13


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Will gifting my buy-to-let property lead to a big capital gains tax bill?

Will gifting my buy-to-let property lead to a big capital gains tax bill?

I have a buy-to-let (BTL) property with my daughter as tenant, using a mortgage for family members. I plan to pay off the mortgage and transfer ownership to my daughter. As I understand it, HMRC will view transferring ownership as selling it, so I will incur capital gains tax (CGT). The property is in south-east London and has increased significantly in value. As we’d have no income from a ‘sale’, the potential CGT is likely to be beyond our means or at best difficult to achieve.

We have two children and intend to pass on the house we live in to our son, so no IHT will be due. I believe the BTL property will be classed as an asset with IHT due at the normal rate at the time.

This is not an attractive option as my daughter would have to sell to pay the CGT.  Both properties are similar in value at about £350,000 each. I am married. Is there a better way to pass on the BTL property or will I have to find the money for the CGT?

Ray Black Fri, 09/06/2019 - 09:13
From
PB/Bedford

Assuming your daughter is no longer classed as a dependant, you are correct that the sale or transfer of the BTL property to her will count as a disposal for CGT purposes. CGT is payable in the January following the tax year in which an asset is sold. For example, if the sale was agreed in August 2019, then the tax is not due until January 2021.

You could transfer the property into a trust for the benefit of your daughter and then elect to defer the CGT until a later point – that is, when the property is sold. At that point, your daughter may qualify for main residence relief, which would help to reduce the eventual CGT tax liability payable. Please note, though, that property trusts are complex and can be expensive to set up. You should seek both legal and tax advice before proceeding in this way.

Another option for you to consider is to sell your daughter only a percentage of the property rather than all of it. This may help to reduce the CGT liability to the point that you may even be able to keep the value of transfer within your own allowance. This could mean that there is no CGT payable at all. You’ll need to speak to an accountant to make sure you get all the numbers right.



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“Rent control seems great for tenants”: Moneywise readers have their say