Huwebes, Oktubre 20, 2016

6 Reasons Why Millennial Generation No Longer Invest On Cars And Houses

The definition of success has definitely changed over the years, if you ask different people in different age bracket that is. If you ask elderly individuals, they’d tell you that having a stable white-collar job, a house, and a car, and savings, means success.

However, millennial people don’t share that opinion anymore. Nowadays, experiences weigh more than possessions or properties. They rarely invest on houses, even less on cars. Intriguing? Here’s some explanation why.

1. They Have Other Values
This would have to be the main reason for this. What seems important for older generations during their time is no longer as valuable today. Not only that financial difficulty affects their priorities, making them scared to make serious loans, they also prefer flexible schedules and financial and geographical independence. They value the idea of living in the moment and relishing every moment of it than working and preparing for the future.

2. They’re No Longer Interested In Huge Investments
According to statistics, modern young people change jobs every three years on average. So, this makes them less likely to invest in huge and long term things like car or house. Aside from that, huge ventures makes a person feel tied up which hinders the flexibility on money, jobs, and locations that they like.

3. Owning Something No Longer Appeals To Them As Much As Enjoying Life
Millennial find themselves more happy spending money on experiences like travelling and trying new activities than collecting material things. Just look at how much post different social media platforms have about new country or city visited, new hangout spot with friends, new hobby, new workout routine, etc. Young people these days will rather experience everything life has to offer than be stuck at the same wake up-work-go home-eat-sleep-repeat route.

4. Experiences Help Make More Friends
This is why social media is such a huge part of their daily lives. Younger generations like to feel connected or involved with more people and more activities. The more friends they have and the more events they’re busy with the more fun life is for them which also equate success to them.

5. Buying Things Can Be Worrisome
Purchasing expensive things like house and car makes people worried about maintaining their condition. For them this means spending money on car repair if it malfunctions or even gets scratched, not to mention the fear of being robbed or carjacked will always be at the back of their minds.

6. Every Purchase’s Price Tend Drop Overtime
It may not be necessarily true all the time but it happens. Not all house or car turns out to be worth as much when reselling them. Watching their parents work their entire lives to invest in such material things and not being able to enjoy life don’t help either.  So for them what is the point of spending money, time, and energy on those if there’s a better option?  

Martes, Oktubre 11, 2016

Post Car Accident Measures You Should Keep In Mind

You always think it’ll never happen to you until it does. Car accidents can be disorienting and stressful. It’s one of those things you want to get out of immediately. Having said those, it’s better to know how to deal with accidents in case it happens to you than to be completely clueless.  

1. Don’t Leave The Accident Site
Who wants to hang around stressful conditions, right? However, you have to remember to wait for the authorities to clear your departure, because they will need information from you. Otherwise you may have to face serious criminal repercussions, especially if there are injured people involved.

2. Call The Police
Don’t assume that there will be no need for authorities when an accident happens, no matter how small it may be. Calling the police is necessary because they file the report of the incident for you, which may help you with insurance claims and the car repair expenses reimbursement. Just remember to list the names and badge numbers of the attending officers.

3. Contact A Lawyer
In case anyone involved in the accident got injured or had major damage in their vehicles, seeking legal advice from a professional is always recommended. This way you’ll have someone represent you and deal with the legal consequences, whether you’re the one at fault or not.

4. Photograph Possible Evidences In The Scene
Nowadays, testimonies from the people in the accident involved as well as the possible witnesses aren’t enough to stand in court. You’ll be able to make your case stronger if you have solid proofs like pictures and videos. Aside from that, it will be easier for you to claim compensation from your insurance company when you’re armed with evidence rather than just statements.

5. Exchange Information
You need full names, driver’s license and license plate numbers, contact information (phone number, address, and insurance information) of the other driver or passengers involved. The more information you have, the easier it will be for you to deal with the aftermath of the accident whether or not a legal case and insurance claims happens. Just imagine when you get your car repaired and you have no way to contact the driver who owes it to you. You’d end up shelling out for all the expenses then.