RE/MAX 440
John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

Keeping Up with the Joneses—and All Your Friends on Facebook

September 16, 2016 1:39 am


The desire to “keep up with the Joneses”—that is, match a lifestyle—has spread to social media, with the circle of “Joneses” wider than ever, according to recent survey by Harris Poll and the American Institute of CPAs (AICPA). The results of the survey reveal a pattern: most of us feel envious of our social media friends who share lavish experiences and purchases online, but we also share lavish experiences and purchases online.

“Social media has vastly expanded the number of ‘neighbors’ people are trying to keep up with,” says Gregory Anton, chair of the AICPA’s National CPA Financial Literacy Commission. “Some people are purposefully curating a more glamorous image on social media and, unfortunately, it can have a negative financial impact on their friends and followers who feel compelled to keep up with them.”

Notably, a significant portion of survey respondents admitted to being likely to choose an experience or purchase based on how their social media followers will respond to it—and some even shared an experience or purchase because it seemed “expensive” or “fancy.”

The pressure to “keep up” is felt strongest by younger social media users, the survey also found. Millennial respondents were more than twice as likely as baby boomer respondents to report feeling envious of their social media friends’ and followers’ experiences or purchases.

“People, in particular those just beginning their careers, would be better served spending their money maxing out their 401(k) and paying down debt, instead of trying to one-up their friends on social media,” Anton says. “While smart financial moves may not get the most likes or retweets, building a solid financial foundation should take priority over building a social media following.”

Source: American Institute of CPAs (AICPA)
 

Published with permission from RISMedia.


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Climate Change Calls for Fortified Homes

September 16, 2016 1:39 am


With the likelihood of extreme weather events ever-growing, fortifying homes to withstand the elements has become crucial. One such fortification is window film, a once-commercial innovation that is now making its way into the residential market.

“Homeowners need to be aware of the risks posed by extreme weather,” Darrell Smith, executive director of the International Window Film Association (IWFA), says. “Professionally-installed window film provides an increased level of protection that can help to reduce damage to family members or their homes in the event of broken windows, no matter the cause of the breakage.”

Window film is a thin, permanent sheet of coating that binds shards of glass together, according to the IWFA. It protects primarily against the effects of high winds, which can produce projectiles that could shatter a home’s windows and endanger its occupants. It also comes with the added benefits of barring burglars and deflecting heat from the sun.

Window film does not reduce visibility to the outside of home, preserving views and security, and does not alter the appearance of windows themselves—it is available in many shades, from virtually clear to medium to dark.

Window film is subjected to third-party testing to confirm its performance, the IWFA states. It also adheres to safety guidelines and standards for burglary intrusion, human impact, fire safety and glass fragment protection.

For determine if window film is right for your home, learn more at IWFA.com.

Source: International Window Film Association (IWFA)
 

Published with permission from RISMedia.


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