What Is the Price to Earnings (P/E) Ratio – Definition, Formula & Limitations

Before you start investing, you should know a few things about the stock market. One of the most widely known concepts is that you should buy low and sell high, making a profit in the middle. This is a widely-used strategy known as value investing.

But how exactly do you know what a “low” price or a “high” price is?

Successful value investors use a wide range of valuation metrics to determine whether a stock is undervalued, priced at par with its market value, or overvalued.

One of the most commonly used valuation metrics is known as the price-to-earnings ratio, or P/E ratio. The P/E ratio compares the current stock price for shares of a company to the amount of net profits, or earnings, the company generates per year.

The idea is that by comparing how many years’ worth of the company’s earnings it would take to buy the company outright, you can get a good idea of whether the price of the company — and therefore shares of the company — are trading at, below, or above its true market value, also called the intrinsic value.

What Is the Price-to-Earnings Ratio?

In simple terms, the P/E ratio is a valuation metric that helps investors make educated investment decisions. But how does it work?

Price-to-Earnings Ratio Formula and Calculation

The P/E ratio formula is a relatively simple one:

Share Price / Earnings Per Share (EPS) = P/E Ratio

For example, a company’s stock currently trades at $100 per share. The company’s earnings during the past year came in at $20 per share. In this case, you would divide the $100 stock price by the EPS of $20, and you would come to a P/E ratio of 5.

In this example, if the company’s earnings per share remain consistent and you purchase the stock right now, it would take five years for the company to generate enough profits to cover the initial cost of purchasing the share.

In general, stocks that trade at a discount trade with low P/E ratios, while stocks trading at a premium trade at high P/E ratios. Nonetheless, as you will learn below, there are some exceptions to that rule.

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Different Types of P/E Ratios

When talking about price-to-earnings ratios, investors generally default to the current, or trailing, P/E ratio.

However, there are actually three different P/E ratios that some of the most successful value investors follow, along with a related measurement known as the PEG ratio that takes valuation analysis to the next level.

1. Current or Trailing P/E Ratio

The current, or trailing, P/E ratio is the traditional calculation described above. This P/E ratio compares the current price to the 12-month trailing EPS.

2. Projected or Forward P/E Ratio

The forward P/E ratio is more of a speculative valuation metric because it attempts to predict the future. The idea is that if a company does well, it will grow, and investors can expect more out of future earnings than current earnings.

Therefore, by comparing the current share price to projected future earnings, you get a more detailed view of the current valuation of the company, taking its growth prospects into account.

There are two ways the forward P/E ratio can be calculated:

Current Share Price / Median Guided EPS = Forward P/E Ratio

Using this formula, you would divide the current price per share of the stock by the company’s estimate for EPS in the coming year.

Companies usually provide their expectations — or guidance — for the coming quarter or year in their shareholder reports. In most cases, guidance is displayed as a range. For example, a company may say it expects to earn between $10 and $15 per share over the next year.

Find the center point in the guidance by adding the two extremes together and dividing your total by two. In this case, you would add $10 and $15 to come to $25, then divide $25 by two to come to median guided EPS of $12.50.

You can also use the following formula:

Current Share Price / Analyst Median EPS Expectations = Forward P/E Ratio

Stock market analysts provide all kinds of predictions about publicly traded companies, including where the market price is headed, revenue expectations, and earnings expectations.

Using the formula above, you would ignore the company’s own guided expectations and rely on outside analyst projections, dividing the current share price by the median EPS expectations among analysts that cover the stock.

Of course, these two approaches will generally result in different forward P/E ratios.

3. Mixed P/E Ratio

The mixed P/E ratio, also known as the relative P/E ratio, takes both past earnings and expected future earnings into account using the following formula:

Current Share Price / (Past Two Quarters’ EPS + Future Two Quarters’ EPS) = Mixed P/E Ratio

This formula mixes the two formulas above by using the trailing EPS for the past two quarters rather than the past year and using the forward EPS for the next two quarters rather than the next year.

When calculating the mixed price-to-earnings ratio, you can either use the company’s guided earnings for the next two quarters or the analyst expectations for the next two quarters.

It’s a good general rule of thumb to calculate it both ways for a full understanding of mixed P/E valuation.

4. PEG Ratio

The PEG ratio looks at the price-to-earnings ratio while factoring in growth. The formula for the PEG ratio is:

P/E Ratio / ((Earnings This Year / Earnings Last Year)-1) = PEG Ratio

By factoring in earnings growth, investors get a more accurate picture of whether the stock is overvalued, undervalued, or trading at fair market value.

A PEG ratio of 1 is considered fair market value. When the PEG ratio falls below 1, the stock is considered to be undervalued and likely represents a strong buying opportunity.

Conversely, a PEG ratio above 1 suggests that the stock is overpriced, indicating that you’ll want to look elsewhere to find strong future growth opportunities.

What Does a P/E Ratio of 0 Tell You?

Often when digging into P/E ratios, you’ll find that the ratio is shown as “0.” A P/E ratio of 0 means that the company is currently generating negative earnings, or operating at a loss. Therefore, the P/E ratio cannot be calculated.

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What Is a “Good” P/E Ratio?

There is no static number that acts as a good P/E ratio across the market. Companies in different sectors tend to grow at different rates.

So, to determine if the P/E ratio of the stock suggests over- or undervaluation, it’s important that you look at the average P/E ratio across the sector that particular stock lives in.

Here are the average P/E ratios by sector based on December 2020 readings:

  • Technology Stocks P/E Ratio: 59.54
  • Service Stocks P/E Ratio: 213.18
  • Consumer Staples Stocks P/E Ratio: 50.94
  • Energy Stocks P/E Ratio: 0
  • Health Care Stocks P/E Ratio: 72.68
  • Biotech Stocks P/E Ratio: 49.48

It’s best to check industry averages at the time of your investment; you can use a resource like CSI Market’s valuation by industry to do so.

Is a High P/E Ratio Always a Bad Thing?

Naturally, investors look for lower price-to-earnings ratios when looking for opportunities to buy undervalued stocks at a discount. But is a higher P/E ratio always a bad thing?

Not necessarily.

P/E ratios are based on the current price of common stock compared to reported earnings over the past year. However, reported earnings and future prospects are two completely different topics.

In the technology and biotech sectors, it’s common to find stocks with what seem to be exorbitantly high P/E ratios. However, these higher ratios are generally justified by expectations of higher earnings.

For example, a biotechnology company currently may be generating little by way of profits but trades with a P/E ratio of 250. Consider that the average P/E ratio of biotech stocks is about 50 at the moment. With a ratio of 250, the stock is obviously overvalued, right?

Not always.

If the biotechnology company has a new drug application with the FDA for a new cancer therapy that proved to be more effective in clinical trials than the current standard of care, earnings will likely climb dramatically soon when the FDA approves the drug and the treatment hits the market.

Although this type of situation is generally seen in the technology and biotechnology sectors as a result of the industries being driven by innovation, any expectations of a coming blockbuster product, accretive acquisition, or anything else that will drive earnings higher can lead to higher P/E ratios that are entirely justified.

Is a Low P/E Ratio Always a Good Thing?

With the idea being to buy stocks at a low price and sell them at high prices, a low P/E ratio is naturally a good thing — right?

That depends on various factors.

For example, let’s say a technology company is doing relatively well. However, it’s trading with a P/E ratio of 10. That stock has to be a buy, right?

In many cases, yes. However, if the company has failed to innovate and produce compelling new products over the past couple of years, it may be quickly losing market share.

In this case, earnings are expected to fall, so a P/E ratio in line with the overall tech sector simply wouldn’t be justified. The low P/E ratio is more of a warning of painful times to come rather than a red sticker with a discount printed on it.


Is the P/E Ratio the End-All in Valuation Metrics?

Valuation is an interesting topic because the valuation of any stock on the market is relative. The value of anything — whether it be stock, a car, or a slice of pizza — is what someone else is willing to pay for it.

Considering the relativity of valuation, it’s impossible to tie down exactly what the value of any share of stock should be. Nonetheless, successful investors use various valuation metrics to give them an idea of whether they’re getting a good deal when buying shares.

Some of the most common valuation metrics used on Wall Street are listed below.

Other Valuation Metrics to Consider

  • Price-to-Sales Ratio. The price-to-sales ratio compares the price of a single share of common stock to the revenue generated from sales by the company over the past year. It’s a strong metric to use with more established companies that are generating consistent revenues.
  • Price-to-Book-Value Ratio. Price-to-book-value compares the current price of the stock to the value of assets the company has on its balance sheet. This is an important valuation metric because it gives the investor an idea of what the company would be worth if it was forced to liquidate its assets due to financial instability.
  • Price-to-Free-Cash-Flow Ratio. Finally, the price-to-free-cash-flow ratio compares the current price of the stock to the free cash flow generated by the company on an annual basis, providing a comparison of the stock price to the liquid cash the company generates.

Final Word

As you dive deeper into the stock market, you’ll quickly find that taking the time to understand current valuations of the stocks you’re interested in buying is a fruitful endeavor. At the end of the day, if you are blind to valuation, it’s easy to make the mistake of buying a stock that’s overvalued and doesn’t have much room for growth.

Although the P/E ratio is one of the most widely used valuation metrics, it’s far from the only one. Moreover, considering that valuation is a relative metric, it’s important to use as many tools as possible to get an understanding of the current value of any stock before making a purchase.

In conclusion, valuation is important, but it is only one part of the due diligence process investors should take part in before risking their hard-earned money.

Before buying any stock, make sure to research the company’s financial stability, market penetration, and continued innovation with the goal of cornering the market in the future.

Source: moneycrashers.com

The Cost of Living in Portland in 2021

From rent to healthcare, here’s what it costs to live in the City of Roses.

Portland is known for its free-wheeling, laidback lifestyle. It’s the place to go for third-wave coffee and craft brews. Its foodie scene is one of the best in the United States. It has the buzz of a major art city but is extremely close to nature. It’s the home of major corporations like Nike but also is great for small businesses and start-ups. True, it does rain a lot, but there’s no better weather for nursing a coffee and spending an afternoon browsing books at Powell’s.

But the Portland dream is shifting. Housing, rent and cost of living prices are on the rise following population growth, largely due to an influx of new residents.

The demand has made the local real estate market boom, with homes going for hundreds of thousands over the asking price. The pandemic pushed demand up even higher. Factoring in other costs of living categories like healthcare and transportation, the cost of living in Portland is 33.7 percent higher than the national average.

Even though living in Portland is expensive, it’s worth it for the culinary scene, access to nature, abundant arts and culture and diverse job opportunities.

From housing to transportation, here is the cost of living in Portland, Oregon.

portland or

Housing costs in Portland

As mentioned above, Portland is pretty pricey these days, both for renters and buyers. The average rent in Portland for a one-bedroom apartment is $1,734. While high, the rate is down 7.59 percent from last year. And housing costs in Portland are 81.3 percent higher than the national average.

However, depending on what part of the city you want to live in, this average cost can widely vary. For example, the most expensive neighborhood in Portland with an average rent of $2,400 is Central Northeast Portland.

Another big-spender neighborhood is the Pearl. Last year, the average rent for a one-bedroom was $1,925. However, the pandemic hit the area hard and the average dropped nearly 43 percent to $1,093.

More affordable neighborhoods are found across the Willamette River in Buckman, the Hawthorne District, Hazelwood and North Portland. Average rents in these neighborhoods instead ranged from the $600s to the $800s

Neighborhoods that were close to the city-wide average include Old Town Chinatown, the Lloyd District and the Northwest/Nob Hill areas.

For home buyers looking to buy a home in Portland, be ready to both fight and pay through the nose. With so much demand, Redfin reported that in March 2021 the average home cost in Portland is $515,000. The Oregonian put it even higher at $542,000. Real estate agents say that the houses get jumped on immediately by potential buyers, offering significantly higher than the asking price.

Food costs in Portland

One of the best parts of living in Portland is the amazing dining scene. While casual dining at food trucks isn’t too costly, sit-down meals for two at a mid-range restaurant run an average of $60. There are so many great spots to try, it’s almost not worth cooking for yourself. With new restaurants and bars opening all the time, there’s always an incentive to dine out.

When you do go food shopping, be prepared for elevated prices. Portland’s average grocery and food costs are 12.6 percent higher than the national average.

A dozen eggs cost $2.36, bread will run you $4.68 and a half-gallon of milk will be $2.12. Meat-lovers will find steak, ground beef and chicken at averages of $11.98, $4.74 and $1.58 a pound, respectively.

Portland is an extremely vegetarian and vegan-friendly city. So there’s never a shortage of fresh, delicious produce at reasonable rates. A head of lettuce costs $1.76 and a five-pound bag of potatoes costs $2.34.

Utility costs in Portland

The Pacific Northwest has gorgeous weather. In the summer, it’s sunny and beautiful. While the winters are rainy and overcast most of the time, it’s rarely too cold. If you want proper winter weather with plenty of snow, Mount Hood is a quick drive away.

All that goes to show that, compared to other categories of cost of living in Portland, utilities aren’t the highest because the weather is typically agreeable.

The cost of utilities in Portland is 10.9 percent cheaper than the national average. Your energy costs for the month average about $143.85.

portland or transportation

Transportation costs in Portland

Ask both long-term and new residents and they’ll agree: Portland’s traffic problem is growing. Before the pandemic, Portland ranked 14th in the nation for bad traffic.

Luckily, Portlanders have an excellent mass transit system in TriMet. Operating throughout the metro area, TriMet offers affordable public transit via commuter rail, light rail and bus.

The easiest way to ride is with a Hop FastPass, which covers rides on all three transit options and also allows you to transfer to the C-TRAN and the Portland Streetcar. A day pass costs $5 and a 2 ½ hour stint costs $2.50. These fares apply throughout TriMet’s service area.

Frequent commuters like to save on transit by buying monthly or yearly passes. Instead of offering these types of passes that require upfront payment, TriMet Hop does things a little differently. You pay as you go and once you pass a certain spending threshold, you earn free ride passes. For example, once you’ve spent $100, the cost of a monthly pass, you’ll ride the rest of the month for free. This allows commuters to only pay for rides they use while still earning rewards.

A one-year pass is available for $1,100.

However, it’s still a good idea to keep a car. Popular nature areas like Mount Hood or the Oregon Coast are not readily accessible by public transit. So if you want to get out into nature a lot, you should plan on keeping at least one car. In April 2021, a gallon of gas cost $3.28. According to SpotHero, parking rates average $7 a day or $205 a month.

And don’t forget that in Oregon, you don’t pump your own gas. Gas stations have attendants to do that for you — it’s actually illegal for you to pump your own.

Portland’s overall walk score is 76. Some parts of the city aren’t the best to navigate on foot, namely around the highways and interstate. Compact neighborhoods like the Pearl, Hawthorne and St. Johns are great for strolling.

It’s also extremely bike-friendly, with a high score of 85. There are tons of urban cycling paths and most roads have bike-exclusive lanes. Drivers here are also very aware of cyclists, so it’s a safe environment.

Overall, Portland’s transportation costs are 29.2 percent above the national average.

Healthcare costs in Portland

Unlike other expenses, determining the cost of local Portland healthcare is a bit tricky. Everyone’s health is different and everyone requires different care, plus there is also a diversity of healthcare options ranging from private to public. Although there are a lot of variables, here are some averages that can give you a general idea of what to expect.

Portland ranks 16.3 percent higher than the national average for healthcare. But it also provides comprehensive and affordable healthcare options through public and private providers. Some top options include Oregon Health & Science University, Legacy Health and Oregon Health Plan.

A general check-up at the doctor will run you a bill of $168.67 and a trip to the dentist is around $101.75.

If you just need some Ibuprofen for a quick headache cure, it will cost $9.57. But for prescription drugs, without insurance, costs can cost an average of $495.37.

portland or

Goods and services costs in Portland

As you’ve seen by now, most Portland-area costs are above the national average. The same goes for assorted fees for different goods and services are also higher. Miscellaneous activities like going to the vet or getting a haircut rank 19.6 percent higher than the nationwide average.

Take the example above: taking your furry friend to the vet. Portland is a great dog city. There are plenty of urban parks and most businesses are very pet-friendly. This is especially true of breweries since there’s nothing better than drinking beer on a patio with friends and your dog. An average vet visit will cost $64.50.

Need a haircut? Be prepared to dish out an average of $33.67 for a visit to the hairdressers.

Portland is also a very wellness-oriented city, so yoga is a big deal here. But it doesn’t come cheap with the average class costing $19.95.

And as for that most timeless of pastimes, movie tickets cost around $11.10.

Taxes in Portland

One of the best parts of living in Oregon? No sales tax! That applies to Portland as well. So if you go shopping at a Portland-area store and spend $100, your total will be $100 exactly.

Consequently, Oregon’s income tax rate is one of the highest in the nation. Oregon’s income taxes divide up into four different tax brackets. The taxable percentage runs from 4.75 percent in the lowest bracket to 9.9 percent in the highest.

Single filers making between $9,050 – $125,000 per year pay an 8.75 percent tax. Those under that income threshold pay between 4.75 percent to 6.75 percent. For example, if you make $50,000 a year, you’ll be in the 8.75 percent tax bracket and can expect to pay $3,524 in state taxes as a single filer.

The highest rate applies to single taxpayers who make at least $125,000 a year.

For Portlanders, there are also some city taxes you’ll need to take into account. For example, you’ll have to pay an annual Arts Tax. This $35 per person tax supports public school teachers and non-profit art programs in the city.

Taxes from payroll and self-employed individuals also support the operation of the TriMet mass transit system.

How much do I need to earn to live in Portland?

Between rent, food and other costs, living in Portland is on the expensive side. As we said above, the average cost for a one-bedroom apartment is $1,734.

Based on wanting to only spend 30 percent of your income on housing, you’d need to make at least $60,195 to live comfortably in Portland. However, as seen in the housing section, there are many neighborhoods that offer cheaper housing and rental options. So there are many different ways to live comfortably in Portland on lower incomes.

According to the U.S. Census, in 2019, the average household income was $71,005.

To see if a Portland lifestyle will fit your goals and budget, use our rent calculator to learn more about your options.

Living in Portland

Portland is definitely not the cheapest option for city living. Many of its cost of living expenses are above the national average. But you’ll find the residents agree that it’s worth it.

You get amazing food and drink available throughout the city, not just in one or two trendy districts. You can realize your own small business dreams or work for top-tier corporations. There is endless art, culture, music, theater and other forms of entertainment. And when you tire of cosmopolitan amenities, the great outdoors is right there in the nearby forest, mountains and coastline.

Browse through great Portland apartments and homes for sale to see what’s available.

Cost of living information comes from The Council for Community and Economic Research.
Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments in April 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

Source: rent.com

Tips for Saving Money During Thanksgiving

Saving Money on ThanksgivingSaving Money on ThanksgivingThanksgiving is a very important event for many families and friends. They get to host each other, spend some good times and share meals. However, if not kept in check, the cost of hosting the event can spiral to unimaginable heights and this may leave the hosts dealing the effects of a budget gone wild. This doesn’t have to be the case; with a few doable tips, you can still host a terrific thanksgiving on a budget. Here are tips for saving money during thanksgiving.

Prepare a Budget

Budgeting helps you to capture everything that you need while also keeping your spending on a leash. Categorize and set aside the money that you are willing to spend on each item. Mostly, these will be food, entertainment and decorations. To help you do this even better, confirm the number of guests that you will host and come up with a menu. This will not only help you make an accurate budget but will also ensure that you do not shop for more than you need.

Shop Smart

How, when and where you buy supplies are great determinants of how much you spend during thanksgiving. Employing the following smart shopping tips can significantly help to reduce your cost.

  • Stock up on coupons from your local paper and other sites and use them to shop. This is even better when you already have your menu and so can focus on specific items.
  • Go shopping without kids; kids will not only add to the time spent shopping but may also compel you to but things not in your budget.
  • Shop early when items are on sale and store or freeze them until when you need them.
  • Shop at discount stores.
  • Scrutinize prices to get the best deals.

Share Out Meal Responsibilities

Leaving one family to host and foot the cost of the thanksgiving is outright unfair. Think of the financial pressure placed on such family not to mention the cooking, decorating and cleaning. What if you made it a potluck where everyone brings a meal? Mostly, family and friends are willing to help. Consider asking them to bring specific things such as desert, side dishes, appetizers and drinks to evenly distribute the food items among them.

Alternatively, you can prepare a list of items that you need them to bring and let them choose. This will not only cut down the cost of shopping but will also save on time and other cooking expenses. Additionally, everyone will feel that they have played a part.

Make Your Own Decorations

You don’t have to buy ready-made and expensive decorations for your home to look amazing; have some DIYs and save a few bucks in the process. For those that you may need to buy, consider getting them from a dollar shop. Some of the things that you can utilize are things like fall leaves and branches, pine cones, fruits that can be eaten later, floral arrangements and candles among others.

Kids can come in handy in this department; keep them occupied by having them help with making the decorations. You can also re-use previous decorations or borrow from family and friends. Also, avoid over-decorating; a few well-placed decorations might be just what you need to transform your home into the thanksgiving mood.

Save on Wine and Alcoholic Drinks

Drinks can really increase the cost of shopping. Fortunately you have several options that can help you cut down that cost;

  • Ask people to bring their own drinks.
  • Take advantage of bulk discounts on wine and drinks and shop beforehand especially when you are expecting many guests.
  • Opt for boxed wine instead of the bottled equivalent; a bottle of wine can go for about $12, while a box of wine which is equivalent to 4 bottles can cost $20 dollars.
  • Depending on the guests that you are expecting, you can also opt out of serving wine and alcohol.

Bottom Line

You don’t have to break the bank to host a great thanksgiving. With proper planning, a little flexibility and plenty of shopping tricks, you can host an amazing one and still remain afloat financially because as matter of fact, there is life after thanksgiving.

Source: creditabsolute.com

10 Cities Near Las Vegas To Live in 2021

Las Vegas is easily one of the most popular places in the world for travelers. And for some, it’s where they want to live.

But living right in the heart of a tourist-filled city that’s always awake is not the vibe everyone is looking for. Rather than be around the city crowds 24/7, you can live near the hustle and bustle of Las Vegas without being directly in it.

Here are 10 cities near Las Vegas where you should live. All are within about 60 miles of downtown, which means you’ll be in the center of the action in less than an hour of driving.

North Las Vegas, NV.North Las Vegas, NV.

  • Distance from downtown Las Vegas: 3.3 miles
  • One-bedroom average rent: $1,187 (up 33.73 percent since last year)
  • Two-bedroom average rent: $1,287 (up 26.87 percent since last year)

North Las Vegas is just about as close to the action as you can get without being in the middle of it all the time. It’s a conveniently located city — you can quickly hop on the freeway and zip to other cities and Las Vegas areas in no time.

The city is evolving and expanding, meaning new businesses are moving in and updates are happening to common areas and neighborhoods.

It’s safer and a little quieter than the nearby areas, but you can still get to the Strip in less than 10 minutes.

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paradise nv, one of the best cities near las vegasparadise nv, one of the best cities near las vegas

  • Distance from downtown Las Vegas: 5.9 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Paradise is perhaps the most lively place to live. It encompasses both the Strip, with incredible nightlife, entertainment and shops, as well as the University of Nevada Las Vegas, where a younger crowd is concentrated.

With that, it’s no surprise that there’s always something to do or see, whether you’re in the mood for a five-star meal, live performance or high-end shopping.

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Sunrise Manor, NV. Sunrise Manor, NV.

  • Distance from downtown Las Vegas: 6.5 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Just east of Las Vegas, near the base of Sunrise Mountain, are the suburbs of Sunrise Manor. While there aren’t as many restaurants and opportunities to shop, there are many parks and outdoor activities since you’re so close to the mountains.

It’s mainly a residential area and there are many people living there, but because it’s a quieter area, it doesn’t feel crowded. You get a great sense of community without feeling overwhelmed by the hustle and bustle of a bigger city.

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Spring Valley, NV, one of the best cities near las vegasSpring Valley, NV, one of the best cities near las vegas

  • Distance from downtown Las Vegas: 10.2 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Spring Valley is the perfect combination of being close to the city, while still being somewhat far away — but not too far away. It’s not so far out that you feel like you’re in the middle of nowhere, but the suburban environment doesn’t feel like a busy, constantly running city.

While there isn’t much by way of shopping or restaurants in Spring Valley, you’ve still got the Strip nearby, so you can easily have your pick of big-city amenities, or Summerlin, where you can enjoy a quieter boutique experience in an affluent area.

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Summerlin, NV.Summerlin, NV.

Photo source: facebook.com/summerlinlv
  • Distance from downtown Las Vegas: 10.7 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Only 15 minutes from downtown, Summerlin is an affluent city that’s on the outer Eastern limit of Las Vegas. Here, it’s nothing but quiet living in the suburbs.

Although it isn’t a large, bustling city, Summerlin does have lots of shopping spots and unique restaurants, many of which are boutique clothing stores and one-of-a-kind, independent cafes.

Although it’s not the most affordable place to live, it’s one of the safest in the Las Vegas metropolitan area.

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Henderson, NV, one of the best cities near las vegasHenderson, NV, one of the best cities near las vegas

  • Distance from downtown Las Vegas: 14.1 miles
  • One-bedroom average rent: $1,370 (down 2.65 percent since last year)
  • Two-bedroom average rent: $1,501 (down 5.01 percent since last year)

Henderson feels like it’s very much part of the greater Las Vegas area and is only about 20 minutes away from downtown. It’s a fairly safe area and has more of a suburban vibe, rather than that of a constantly busy city.

There’s easy access to shopping and dining. And, of course, there’s no shortage of entertainment nearby. Plus, residents in the area can get residential discounts on many Las Vegas shows and events.

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Enterprise, NV.Enterprise, NV.

  • Distance from downtown Las Vegas: 15.4 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Although Enterprise is only 20 minutes away from the bright lights of Las Vegas, it feels like you’re in a completely different world. It’s like a desert oasis and gives residents a more calm, slow-paced way of life.

It’s near lots of outdoor recreation, such as hikes and biking trails that take you up into beautiful desert mountains.

And even though you aren’t actually in the big city, you can still catch a glimpse of the Las Vegas lights from the higher vantage points of Enterprise. It’s really the perfect mix of desert living with city perks.

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Boulder City, NV, one of the best cities near las vegasBoulder City, NV, one of the best cities near las vegas

  • Distance from downtown Las Vegas: 26.7 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Located between Las Vegas and Hoover Dam, Boulder City is small, but it’s got just about everything you need to enjoy life without having to leave town. But if you decide you want to get away, downtown Las Vegas is only 30 minutes away.

Some of the more unique attractions that you won’t quite find in the big city are golf courses with unobstructed views and a flight line to the top of Red Mountain, where you can get an aerial view of the desert landscape.

Find apartments for rent in Boulder City
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Moapa Valley, NV. Moapa Valley, NV.

  • Distance from downtown Las Vegas: 60.6 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

A tight-knit town that’s full of families with young children, Moapa Valley is a surprisingly fun place to live. You may not think that a town in the Nevada desert would be so lively, but the residents here have created a community that evolves around family entertainment.

It’s one of those places that everyone knows everyone and should you need help, all you need to do is ask and you’ll find plenty of people jumping at the opportunity. And because it’s such a family-centered community, it’s extremely safe and everyone looks out for each other.

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Pahrump, NV, one of the best cities near las vegasPahrump, NV, one of the best cities near las vegas

  • Distance from downtown Las Vegas: 63.5 miles
  • One-bedroom average rent: N/A
  • Two-bedroom average rent: N/A

Pahrump was originally settled by ranchers and still carries a small-town western vibe in some parts. That being said, it’s a fully-functioning city with everything you need to live.

It’s the perfect location for anyone that wants to live near both Las Vegas and Los Angeles, as it’s right on the border of Nevada, near California.

One of its most popular events each year is its film festival, attracting locals and big-city dwellers alike that want to showcase their films, or that simply want to watch and enjoy their fellow neighbors’ artistic work.

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Make one of these cities near Las Vegas your next home

You’ve got the choice between big-city amenities, small-town living, the suburbs and everything in between — you only need to decide what you want! Then start looking for apartments near Las Vegas or houses to buy so you can start planning your move.

Rent prices are based on a rolling weighted average from Apartment Guide and Rent.com’s multifamily rental property inventory of one-bedroom apartments in April 2021. Our team uses a weighted average formula that more accurately represents price availability for each individual unit type and reduces the influence of seasonality on rent prices in specific markets.
The rent information included in this article is used for illustrative purposes only. The data contained herein do not constitute financial advice or a pricing guarantee for any apartment.

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Source: apartmentguide.com

The IRS Has $1.3 Billion in Tax Refund Money That Must Be Claimed by Monday

The IRS is looking for 1.3 million people who didn’t file a 2017 tax return and who might be owed a refund of taxes withheld or otherwise prepaid. In fact, there’s more than $1.3 billion of potential refunds waiting to be claimed. The median potential refund is estimated to be $865. Is any of that money yours?

Claim Your Refund By May 17

If you think some of that cash could be yours, you need to act fast. In cases where a federal tax return was not filed, the taxpayer generally has a three-year window of opportunity to claim a refund. That means you must file your 2017 tax return with the IRS no later than this year’s extended tax due date of May 17, 2021, to collect the money.

Missing W-2 and Other 2017 Tax Forms?

If you’re missing W-2, 1098, 1099 or 5498 forms from 2017, try getting copies from your employer, bank or other payer. If that doesn’t work, you can go online and order a free wage and income transcript from the IRS or request one by filing Form 4506-T. The transcript will show data from information returns received by the IRS. This information can be used to file your 2017 tax return.

What If You Have a Tax Debt or Didn’t File Other Returns?

The IRS could hold your 2017 refund check if you didn’t file a 2018 or 2019 return, either. In addition, the IRS may also apply your 2017 refund to any federal or state taxes you owe for other years—or to offset unpaid child support or past due federal debts, such as student loans.

Eligibility for 2017 Earned Income Tax Credit

By filing a 2017 tax return, many low- and moderate-income workers may also be eligible for the earned income tax credit for that year. The credit was worth as much as $6,318 for 2017. The credit helps individuals and families whose incomes are below certain thresholds. The thresholds for 2017 were:

  • $48,340 ($53,930 if married filing jointly) for people with three or more qualifying children;
  • $45,007 ($50,597 if married filing jointly) for people with two qualifying children;
  • $39,617 ($45,207 if married filing jointly) for people with one qualifying child; and
  • $15,010 ($20,600 if married filing jointly) for people without qualifying children.

Source: kiplinger.com

Pretend Your Apartment is a Car: Cleaning Tips for Guys

Are you a man? Is your apartment appalling? Why not consider joining the cult of men who clean?

You owe it to yourself to investigate the mysteries of the livable apartment. A new year requires new ways of doing things, so read on for a few quick cleaning tips that will help keep your apartment presentable. (You may discover it’s not as bad as you expect.)

Pretend your apartment is a car
Many a woman has lamented the fact that her man could spend hours detailing his car, but seem blind to household grime. Why not tackle your apartment cleaning in the same way you would your car? Vacuum under all the furniture, dust every corner and surface, and scrub away every bit of mildew in the shower — all with the same single-mindedness and dedication you reserve for keeping your car clean! Once you’ve done a thorough apartment cleaning initially, the gleam will be much easier to maintain and in even less time.

More on cleaning your apartment:
Declutter Your Apartment: What’s OK to Throw Away?Prioritize Your Apartment Cleaning EffortsHow to Clean Your Space in a HurryHow to Keep Your Apartment Cleaning Earth-Friendly

Assemble your tool kit
What man doesn’t like assembling tools for a project? Apartment cleaning is no different than a workbench scheme. Get the right tools for the job, and clean-up will be a breeze.

Here are a few things you may already have on hand to gather together in your cleaning tool box.

• A squeegee for windows, mirrors, shower doors and tile.
• A wet/dry vac. Attach a soft brush attachment and you can spin away cobwebs and dust.
• Car polish. Wipe down your shower stall and door to keep soap-scum from sticking.
• Tennis ball. Spray with a general cleaner and buff away scuff marks on floors and walls.
• Steel wool (fine, synthetic). Good for scrubbing pots and counter gunk.
• Sponges, scrub brushes.
• All-purpose cleaner.
• Mop or Swiffer WetJet.
• Electromagnetic duster.

Create a plan
Guys like solutions to problems, right? So look around. Even the worst mire can be cleaned up with a bit of smart planning. Come up with your own system on your own time. If you’re a night owl who gets inspired at 3 a.m., work your cleaning magic then. Or maybe you’re self-employed and want to get your clean on first thing in the morning. Don’t fight it; go with your particular flow, grabbing any time you can get.

Multitask for success
You likely value multitasking in your work endeavors, so try double duty to clean your apartment, as well.

• Start your bathroom cleaning while you’re getting clean yourself. Scrub the shower while you’re taking one, wipe the sink right after you brush your teeth, and quickly wipe down the toilet with a flushable cloth, after giving it a scrub with a little cleanser.

• Throw on a load of wash while you’re getting dressed or undressed, and start the dishwasher as soon as you’ve finished your last bite of breakfast or dinner.

• Sweep or vacuum your kitchen floor every morning or evening, and never leave a mess in the sink or on counters overnight.

• Vacuum, dust and straighten your living room during the commercial breaks of your favorite show.

A man can take good care of his living space without giving up the image that he just doesn’t care about those things! Implement these cleaning steps, adapting them to your own schedule and needs. Remember that some effort is required – preferably, a little each day – to maintain an apartment space that’s comfortable, livable… and sharable. Your buddies will be impressed — and you can even bring home a friend without wondering where you tossed your boxers!

Photo Credit: Shutterstock / Yuri Arcurs

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Source: apartmentguide.com

Never just 1 point per dollar: Cards that earn 1.5x or more on all purchases – The Points Guy


Earn 1.5x miles per dollar or greater on all purchases with these cards – The Points Guy


Advertiser Disclosure


Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

How to identify credit repair scams – Lexington Law

family learning more about credit

The information provided on this website does not, and is not intended to, act as legal, financial or credit advice. See Lexington Law’s editorial disclosure for more information.

If you have poor or damaged credit and want to repair it, you may have considered using a credit repair service to help. Unfortunately, there are many companies and individuals that want to take advantage of unsuspecting consumers needing help with their credit. 

While there are legitimate companies that can help you repair your credit, there are also credit repair scams that are only after your money and your information for identity theft purposes. To keep both safe, we created this guide to help you tell the difference between legitimate credit repair companies and credit repair scams.

Five signs of a credit repair scam

There are many things credit repair companies are not allowed to do or promise customers. If it sounds like it’s too good to be true, it probably is, and you should steer clear of that company. We’ve put together a list of signs you should watch out for when working with credit repair companies.

1. Guaranteed results

Under the Credit Repair Organizations Act (CROA), credit repair companies cannot guarantee results. Here are a few common examples of false promises unethical credit repair companies might make:

  • Improvement to your credit score
  • Results in a fixed time period
  • Removal of all of negative items, even if they are accurate

2. Up-front payment is requested

The CROA prohibits credit repair companies from asking for any payment before they render services. Many scammers know that most consumers don’t know this and, as a result, promise a quick turnaround on credit repair for a large upfront payment.

Some illegitimate credit repair companies may not allow you to cancel unless you pay a fee. All credit repair companies are required by law to give you at least three days to cancel services with them and there is no penalty for canceling.

3. Claims a new identity is needed 

A credit repair company can’t promise or offer you a new identity. Anyone offering you a new identity is a fraud. Besides guaranteeing results, scammers may try to promise you a clean slate with a new Employer Identification Number (EIN) or a Credit Privacy Number (CPN).

They tell you to use these numbers on your future credit applications instead of your Social Security Number. We explain more about common credit repair scams below.

4. Don’t explain your legal rights

Credit repair companies should explain your legal rights to you from the beginning. These are a few common things an unethical credit repair company might do.

  • Tells you not to contact the credit bureaus directly
  • Doesn’t give you a copy of the contract to review before signing
  • Fails to inform you that you can repair your credit yourself without the help of a credit repair company
  • Leaves out important information from the contract, like the date services will be executed or the amount you will pay

If you feel like the company isn’t telling you everything or refusing to answer your questions, you should seek services elsewhere.

5. Asks you to misrepresent information

Finally, an unlawful credit repair company might ask you to misrepresent your information. This can range from unlawfully using an EIN or CPN number in place of your social security number to claim you are a victim of identity theft when you’re not.

five signs of a credit repair scam

Common credit repair scams 

You’ll most likely see credit repair companies illegally promising results. However, it’s important to familiarize yourself with other scams so you understand what is and is not legal. We highlighted a few common ones below.

File segregation schemes 

A file segregation scheme is when a company or individual offers to give you an Employee Identification Number (EIN) to use in place of your Social Security Number when you apply for credit. It’s illegal for companies to do this, and it’s illegal for consumers to obtain one to use in place of their Social Security Number. 

Credit privacy numbers 

Like an EIN, a Credit Privacy Number (CPN) is created by scammers to use in place of your Social Security Number when applying for credit. Simply put, a CPN is a fake Social Security Number. Usually, these are created using somebody else’s identity, and using one can be considered identity theft. 

Tradeline renting 

Tradeline renting is when you pay for authorized user status so that the tradeline shows up on your credit reports to improve your score. This doesn’t repair any negative information on your credit, but adding a positive tradeline to your credit report can boost your score.

While this isn’t necessarily illegal, it can get you into trouble. There is nothing wrong with a loved one adding you as an authorized user. However, if you pay to “rent” a tradeline from a stranger, you don’t know how it will impact your credit and it may be a scam to get your money. 

credit repair scams to watch out for

What to do if you are scammed

There are a few things you can do if you realize you’ve fallen victim to a credit repair scam. Take a look at your options below.

who to report a credit repair scam to

Can credit repair companies fix your credit?

Yes, a legitimate credit repair company can help you work to remove inaccurate negative items from your record that may be damaging your credit score. Here are ways to recognize a legitimate, expert credit repair company. Although you can work to repair your credit yourself without a credit repair company, ideally a credit repair company would make the process much easier. Here are some signs of a legitimate, expert credit repair company:

  1. They create a repair strategy custom to your unique situation. A good credit repair company will customize their course of action only after evaluating your credit reports and credit history. Everyone’s credit history is different, and their approach to repairing your credit should reflect that. 
  2. Maintain communication with you during the process. A credit repair company that maintains scheduled calls, emails or any other form of communication with you will help you stay up-to-date with their progress. They shouldn’t keep you in the dark as they’re conducting their services. 
  3. Informs you of your rights from the beginning. At the time of signing, a credit repair company should provide two documents: a disclosure of your right to repair your credit yourself and a detailed contract of services.
  4. Make realistic claims about their services. Like we said above, credit repair companies cannot guarantee results. A legitimate credit repair company will not guarantee timeframes or point changes, but they can guarantee the delivery of services—access to credit monitoring tools, or letters delivered on your behalf. 

How to safely repair your credit

Making payments on time and disputing inaccurate information on your credit reports can help you repair your credit. While you can do this on your own, a professional credit repair firm like Lexington Law Firm will make the process easier and more efficient.

Lexington Law Firm proudly adheres to CROA to make sure we give our clients the best experience possible. For over a decade, we’ve helped clients challenge information that is unfair, inaccurate and unsubstantiated. Give us a call today for a free, personalized credit report consultation.


Reviewed by John Heath, Directing Attorney of Lexington Law Firm. Written by Lexington Law.

Born and raised in Salt Lake City, John Heath earned his BA from the University of Utah and his Juris Doctor from Ohio Northern University. John has been the Directing Attorney of Lexington Law Firm since 2004. The firm focuses primarily on consumer credit report repair, but also practices family law, criminal law, general consumer litigation and collection defense on behalf of consumer debtors. John is admitted to practice law in Utah, Colorado, Washington D. C., Georgia, Texas and New York.

Note: Articles have only been reviewed by the indicated attorney, not written by them. The information provided on this website does not, and is not intended to, act as legal, financial or credit advice; instead, it is for general informational purposes only. Use of, and access to, this website or any of the links or resources contained within the site do not create an attorney-client or fiduciary relationship between the reader, user, or browser and website owner, authors, reviewers, contributors, contributing firms, or their respective agents or employers.

Source: lexingtonlaw.com