Patriot Wealth - June 2019

WHY SENIORS ARE FLOCKING TO HOME-SHARING PLATFORMS AN OPPORTUNITY FOR EASY MONEY AND SOCIAL ENGAGEMENT

The freedom of retirement certainly comes with its perks, but challenges of post-work living exist as well. Chief among them, for most elderly folks, are fears of social isolation and financial insolvency, as having coworkers and a regular income are not as common in retirement. Perhaps this is why so many retirees are flocking to home-sharing platforms like Airbnb or its seniors-only cousin, The Freebird Club. Airbnb reported last year that the 60-plus age bracket is its fastest-growing demographic worldwide, with the number of senior hosts as much as doubling every year. Home-sharing platforms can be a tremendous boon to a tight retirement budget. It’s an especially attractive option to elderly folks who

find themselves rich in assets but struggling with liquid finances. Home- sharing allows them to tap into these resources. According to Priceonomics, U.S. Airbnb hosts bring in a monthly average of $924. But home-sharing can do more than boost your income. By opening a room in your home to travelers, you’ll encounter all kinds of people you might never otherwise meet, prompting dynamic social interactions and meaningful connections. The rating systems on Airbnb and similar platforms almost entirely prevent would-be troublemakers from entering your property, and users report that when a rare negative experience does occur, the company typically has your back. It’s a great way to stay socially engaged while staving off loneliness.

Best of all, running a modestly successful Airbnb usually doesn’t take much work. It simply requires you to set up a neat, welcoming space, keep in contact with your guests, and ensure the check-in and check-out processes are as straightforward as possible. In fact, senior hosts seem to have a leg up on their younger counterparts, as elderly hosts earn the most consistently positive ratings across the globe. Airbnb and The Freebird Club won’t make you rich, but they’re relatively low effort enterprises that come with some massive benefits. If you’re looking for a little busywork, some extra cash, and a little social interaction in your retirement, hosting may be your best bet!

3 FUN LOCAL WAYS TO CELEBRATE FATHER’S DAY IN RALEIGH!

With Father’s Day coming up this month, you might be brainstorming to find original ways to celebrate the hardworking dads in your life. Fortunately, our great city is chock-full of events that can help you make this Father’s Day one to remember.

Community Garden. Experience this family-friendly event all about blackberries and growing food locally! There will be lots of activities for the whole family, live music, food plucked straight from the garden, and more. Ticket prices range from $10-$20, so go to EventBrite.com to reserve yours today! 2019 FATHER’S DAY 5K & 10K Sunday, June 16; 1 p.m. Event by Virtual Run Events powered by Moon Jogger With Father’s Day coming up this month, you and your dad could join hundreds of other runners for the sixth annual Father’s Day 5K or 10K race. Since it’s a virtual event, you and Dad can run or walk from a location of your choosing and time yourselves. All you have to do is record your time and your medal will be shipped to you! What’s even better is that 15% of each registration fee will be donated to Team Hoyt, a charity that works to build the individual character, confidence, and self-esteem of America’s

FATHER’S DAY CRAB FEAST Saturday, June 15; 4–7 p.m. Event by Southeast Crab Feast

Gather the family in the car to make a quick drive to the John D. Fuller Recreation Center in Fayetteville for the Second Annual Father’s Day Crab Feast! If your dad loves seafood, then this is the event for him. With all-you-can-eat fresh blue crabs and fish and chips galore, no one will go home hungry. Ticket prices range from $10-$32, so go to EventBrite.com to get yours while they’re still available!

3RD ANNUAL BLACKBERRY FESTIVAL Saturday, June 15; 4–8 p.m. Event by Well Fed Community Garden

disabled and physically challenged young people through inclusion in all facets of daily life.

Come celebrate the most important man in your life at the Third Annual Blackberry Festival, hosted by Well Fed

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