I know it sounds crazy or impossible but what would happen, if just for a moment, you considered picking up and moving to another city?
But if there were a way that you could save 10 percent to 20 percent or more of your current costs and invest them to bring financial freedom a decade closer — and perhaps have an even greater quality of life — wouldn’t you owe it to yourself to push beyond the obvious obstacles and consider your options?
Our country — and even the world — has boundless opportunities waiting for you to explore. So why not take off the blinders just for a moment to consider what life could be like if you lived in a new city or town?
Are you freezing your butt off during Midwest winters or battling the summer heat in Atlanta, wondering year after year why you don’t hoof it to a better climate? As a native of Southern California, I am always amazed by people who spend their lives freezing to death in the arctic tundra of Minneapolis or Chicago.
It’s one thing to be tax efficient in your investments. It’s another to be tax efficient with your life. You’re trying to save 5 percent here, 10 percent there so you can achieve financial security and eventually a great retirement.
Think about the additional money you’d have to invest, share or put into a new business if it didn’t go straight to rent, food or transportation. One single move could give you a 10 percent to 30 percent increase in your income. And if you’re already saving 10 percent, you could relocate and then save 20 percent to 40 percent without spending an additional dime. Read more…