Where to Invest

You can identify soon-to-be vacation/retirement meccas in the same way that you can identify emerging creative class locations. Talk with future retirees. What newfound areas are achieving attention and increasing popularity? Personalize, then generalize. What locations seem attractive to you your family, your friends, your co-workers?

Pick up a pile of those books and magazine with titles such as "where to retire." View entries as suggestive not definitive. Anytime someone "data crunches" hundreds (or thousands) of locations to find "winners" and "losers," or the "top ranked" and "bottom ranked," errors and silly results often pop out. In one widely reported survey of cities, Sarasota, Florida—a top 20 pick on any sensible list—did not rank among the top 100.

Look for ideas not final answers per se. Whether you rely on information from publications or people you know, invest only in these areas where reliable market research reveals promise.

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Credit Score Booster

There are many misconceptions about credit scores out there. There are customers who believe that they don’t have a credit score and many customers who think that their credit scores just don’t really matter. These sorts of misconceptions can hurt your chances at some jobs, at good interest rates, and even your chances of getting some apartments.

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