Professional Equities - September 2020

Professional Equities - September 2020

- FROM THE DESK OF NEW SELF-STORAGE DEVELOPMENT STANDARDS Passive Residual Income THEULTIMATEPASSIVERESIDUAL INCOME TM september2020 The Bill Moist Insider

I n mid-March, just before the coronavirus pandemic walloped the U.S., Statista released its estimates for college attendance in 2020 and beyond. It predicted 19.75 million students would show up for college in 2020, but it could be wildly wrong. Since that report came out, the pandemic has shuttered schools and disrupted the college application process. Online learning isn’t everyone’s cup of tea, but in 2020, it will be the new norm for many colleges. That challenge, combined with the overall mood of uncertainty in the U.S., just might lead to a record high number of kids choosing to take a gap year. According to Forbes magazine, gap years were already trending by April, even though “traditional” gap year activities like travel are off the table. The concept of a gap year thrills some parents and terrifies others. On the one hand, a year away from school can be a good opportunity for teens to gain independence, learn new skills, and figure out the future. On the other hand, there’s always the chance that a break from school could cause teens to waste their time or decide to defer college forever. If you’re a parent who’s worried about the latter, share these five tips below with your child. If they play it right, their “year off”might turn out to be their most productive year yet. TIP NO. 1: GO TO WORK. Work experience is always a good thing, especially if it’s in your child’s eventual field of study. Encourage your teen to take this opportunity to give their “dream job” a test run. They may find it isn’t for them and save them thousands in tuition. Internships are also a good option. If online learning wasn’t the motivating factor behind your child choosing to take a gap year, you can suggest that they explore remote options through platforms like AngelList.com and WeWorkRemotely.com. 5 TIPS FOR LEVERAGING A GAP YEAR YOUR TEEN’S TIME AWAY FROM SCHOOL DOESN’T HAVE TO BE WASTED

Introduction – As a developer of Class A properties in the past, I found the design of many self-storage facilities to be down-right ugly. I’ve heard many self- storage developers complain that the cities are now imposing higher design requirements on new storage developments. Our current project’s construction permit will soon be issued. The project, Luxury RV Resort & Storage, is embracing imagination and luxury in design. We will be using new construction materials that will also be hail and wind proof. This beautiful new design is taking a little longer to complete than if we had just chosen the cheap looking and easily damaged by wind and hail steal construction. The finished project will be worth the extra effort. Conclusion – I am very happy that cities are imposing new design requirements on new self-storage development. The orange doors with chain-link fencing looks too much like a prison for my liking.

–Bill Moist

P.S. Claim your free chapter from our new book, “CLOSELY GUARDED SECRETS TO BECOMING A CAREFREE SELF STORAGE INVESTOR” by going to PassiveResidualIncome.us

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TIP NO. 2: LEARN SOMETHING NEW. Usually, travel and cultural immersion are go-to gap year strategies for learning new things. However, your kid doesn’t actually need to head to Spain to learn Spanish — their fluency will be just as valid to a future employer if they pick it up from Duolingo. Additionally, YouTube video tutorials and online certification programs can lay the groundwork for any number of valuable skills, including coding, furniture building, and medical work. TIP NO. 3: START AN ONLINE BUSINESS. If your teen has an entrepreneurial spirit, encourage them to use their year off to start a business. Etsy is a great online platform to sell handmade items, and if they’re passionate about a craft, like writing or website development, they can conduct their business entirely online. Who knows! With a year of effort, they might make some money, and even if they don’t, they’ll learn something and add a line item to their resume. TIP NO. 4: REACH OUT TO ROLE MODELS. Teens are not too young to start networking. Whether yours wants to be a welder, a professor, or a geologist, there are likely people in their field who they admire. If your kid seems stuck in a rut, suggest they reach out to their idols or join a group of other young people with similar interests. On the off chance they hear back from a giant in their field, they’ll make a priceless connection, and their peers may soon become their colleagues.

In an interview with Dutch newspaper Algemeen Dagblad, Ratelband said, “When I’m 69, I am limited. If I’m 49, then I can buy a new house, drive a different car. I can take up more work. When I’m on Tinder and it says I’m 69, I don’t get an answer. When I’m 49, with the face I have, I will be in a luxurious position.” Interestingly enough, Ratelband’s request wasn’t dismissed outright by the court. The judge found merit in the argument and said that people desire to change things about themselves all the time, adding that maybe age was one of those things we should consider —“maybe” being the operative word. The court ultimately decided that “Ratelband is at liberty to feel 20 years younger than his real age and to act accordingly.” But the judge added that changing his legal documents would have “undesirable legal and societal implications.”The court added “[T]here are a variety of rights and duties related to age, such as the right to vote and the duty to attend school. If Mr. Ratelband’s request was allowed, those age requirements would become meaningless.” Today, Ratelband is 71 and continues his battle to change his age. While he may have lost in his initial quest to legally change his age, according to NPR, he intends to appeal the decision. WHAT IS AGE BUT A NUMBER? A Dutch Man’s Quest to Change His Legal Age TIP NO. 5: DEVELOP A SELF-MARKETING STRATEGY. According to the Student Conservation Association, 92% of kids who take a gap year do it in order to “gain life experiences and grow personally.”That personal growth can be valuable. If your teen knows their strengths, weaknesses, and how to represent themselves well, they will have a leg up in a job or fellowship interview. Before your kid goes back to school, you can sit down together and discuss how they’ll talk about their gap year and market what they’ve learned. Your teen doesn’t have to tackle all of these tips at once, but if they follow even one of them well, when they do head back to school, they’ll be wiser, more well-rounded, and better prepared for the next challenge.

In 2018, Dutch native Emile Ratelband was 69 years old. The thing was that the motivational speaker and founder of the Ratelband Research Institute didn’t want to be 69. So, he went to a Dutch court and petitioned for the right to change his legal age. His intention was to change the year of birth on his birth certificate — bumping it up by 20 years. As a result, all records would show him as 49.

Why did Ratelband want to change his age?

He told the court he didn’t feel like a man who was going on 70. He said he felt good—he felt like a man 20 years younger. He even said his doctors agreed and that they’d told himhe had the body of someone younger. But there was another major reason Ratelband wanted to change his age. He said doing so would increase his overall happiness and would be helpful on dating apps. He would no longer have to deal with the ageism that came with being 69. Ratelband even went as far as to say he would be willing to delay his pension benefits another 20 years if need be.

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IS STRESS HARMING YOUR MEMORY?

How to Cope With Daily Triggers

S Stress can cause more than just a bad mood and low energy. Over time, mental exhaustion from stress can lead to forgetfulness and reduced cognition. This can hamper your ability to do your job and enjoy life. Though stress is unavoidable, there are steps you can take to mitigate some of the negative effects of mental exhaustion, including forgetfulness. First, consider the source of your stress. These days, a common stressor is social media. If your feeds are full of bad news and negativity, shut them down. Many researchers suggest that spending less time on the internet leads to better health. Several studies have found that constant internet use, including time spent on social media, is negatively impacting our memories. Research from Harvard, Oxford, King’s College London, and Western Sydney University all confirm this: Too much internet use is a bad thing. Of course, it can be easier to delete a social media app than it is to eliminate other types of stressors. Coping with a stressful coworker, for example, can be difficult. You have to figure out why they’re causing you stress and how the situation can be remedied. Dealing with a work-related confrontation can be hard, but having that difficult conversation and resolving the problem can ultimately lead

to less long-term stress and improve your mental health.

Another thing you can do to reduce stress is avoid multitasking. Taking on multiple projects or doing too much in too little time can leave you feeling overworked. Plus,

studies have found that multitasking is not effective. You cannot deliver the same results when your attention is scattered as you can when you are focused on one thing. To make matters worse, multitasking takes a major toll on memory and cognition, according to a study from Proceedings of the National Academy of Sciences. If stress is impairing your memory, judgment, or cognition, take the above steps to reduce it. If you find your memory and cognition aren’t improving, consider speaking with a mental health professional to discuss your best next steps. Mental health and stress management are important, and the more we do to improve these areas of our lives, the healthier and happier we will be.

Inspired by TasteOfHome.com

BACON AND EGG BREAKFAST PIZZA

This twist on a pair of classic breakfast foods is the perfect back-to-school fuel for your kids. Whip it up at breakfast or any time of day, really — it’s never too early or too late for pizza.

Ingredients

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1 package premade pizza dough

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4 slices bacon, cooked and crumbled 2 cups cheese of your choice, shredded

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2 tbsp olive oil, divided

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6 eggs

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2 tbsp water

Directions

1. Preheat oven to 400 F. Grease a 15x10x1-inch pan. Spread the dough evenly over the bottomof the pan and 1/2 inch up the sides. Prick it with a fork and brush with 1 tbsp oil. Bake until lightly browned, about 7–8 minutes. 2. In a nonstick skillet, heat the remaining oil onmedium. In a bowl, whisk the eggs and water together. Add the mixture to the skillet and stir until thickened and no liquid egg remains. 3. Add the egg to the baked crust in an even layer. Sprinkle on the bacon and cheese, then bake 5–7 more minutes before serving.

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INSIDE THIS ISSUE From the Desk of Bill PAGE 1 5 Tips for Leveraging a Gap Year PAGE 1 A Dutch Man’s Quest to Change His Legal Age PAGE 2 Is Stress Making You Forgetful? PAGE 3 Take a Break PAGE 3 Bacon and Egg Breakfast Pizza PAGE 3 Did You Know Lucille Ball Saved ‘Star Trek’? PAGE 4 Professional Equities, Inc. BILL 7CF

THE ULTIMATE PASSIVE RESIDUAL INCOME TM

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BEAM ME UP, LUCY HOW LUCILLE BALL SAVED ‘STAR TREK’ IN THE 1960S

Did You know that Lucille Ball — the iconic comedian best known for her 1950s show“I Love Lucy”— is the reason “Star Trek” exists today? Ball was a Hollywood force in the ‘50s and ‘60s, and she produced hit after hit with her production company. In fact, Desilu, co-founded by Ball and her then- husband, Desi Arnaz, was responsible for hits like “The Andy Griffith Show”and“The Dick Van Dyke Show.”The two were partners in the company until their divorce in 1960, and in 1962, Ball took over Arnaz’s share. In that moment, Ball became one of the most powerful women in Hollywood, and Desilu, one of the biggest independent production companies at the time, had a lot of pull in the industry. In 1963, one of Desilu’s biggest hits was coming to an end. “The Untouchables”was a crime drama starring Robert Stack. Ball needed

a replacement, and two potential shows hit Ball’s desk: “Star Trek”and“Mission: Impossible.”

In 1965, Ball took the pitches to her longtime network collaborator, CBS. They said no to“Star Trek” (but yes to“Mission: Impossible”), but Ball wasn’t about to give up on this new science fiction show, so she took it to NBC. The network was skeptical at first but ordered a pilot. The pilot starred Jeffrey Hunter as Captain Pike and Leonard Nimoy as Mr. Spock. There was no James T. Kirk to be found—not yet, anyway. The pilot, titled“The Cage,”was a disappointment. NBC executives weren’t about to put it on air, but they decided to order a second pilot after Ball agreed to help finance it. The second pilot starredWilliam Shatner as Captain Kirk, and he was joined again by Leonard Nimoy as Spock. NBC executives liked what they

saw. The new pilot, titled“Where No Man Has Gone Before,”was put on NBC’s fall schedule, though it wasn’t the first episode aired on NBC. That honor went to the episode titled“The Man Trap,”which aired on Sept. 8, 1966. While Gene Roddenberry’s original “Star Trek” only lasted three seasons, it went on to become a major TV and film franchise. One of its recent iterations, “Star Trek: Discovery,” is about to enter its third season on the streaming service CBS All Access—all because Lucille Ball saw potential in a little show back in 1965.

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