WEBVTT - We’re Moving! Our Advice For Finding A Great Place To Live #524 0:00:00.080 --> 0:00:02.760 Welcome to How the Money. I'm Joel and I am Matt, 0:00:02.920 --> 0:00:05.720 and today we're letting the world know that we're moving 0:00:06.200 --> 0:00:08.360 and we're gonna give our advice for finding a great 0:00:08.360 --> 0:00:30.480 place to live. I never thought I would utter these words, Joel, 0:00:30.560 --> 0:00:33.440 but we are moving. So we've we've told our our family. 0:00:33.479 --> 0:00:35.640 Of course, they've known as we've kind of been going 0:00:35.640 --> 0:00:38.320 through this process, are closer friends, they know, told all 0:00:38.320 --> 0:00:41.199 our neighbors now, but it truly hasn't Like I think 0:00:41.240 --> 0:00:44.960 I'm realizing that it feels real now that we're talking 0:00:45.000 --> 0:00:47.560 about it here on the podcast. Podcast not legit, and 0:00:47.640 --> 0:00:50.320 so we talk about it on the show, and yeah, 0:00:50.360 --> 0:00:52.680 the fact is we are moving. But with that both 0:00:52.680 --> 0:00:54.560 of our families, both of our families, so that's at 0:00:54.560 --> 0:00:58.160 the same time. That's the craziest heart no surprise. This 0:00:58.200 --> 0:00:59.760 has been something that's been in the works, by the way, 0:00:59.800 --> 0:01:01.680 for or for months and months and months, and it's 0:01:01.720 --> 0:01:04.080 something that Matt and I we've been talking about, our 0:01:04.080 --> 0:01:06.280 families have been discussing together. We've been we call them 0:01:06.360 --> 0:01:09.360 family meetings. You and Emily, when you'll sit down with 0:01:09.400 --> 0:01:10.560 me and Kate and we kind of have some of 0:01:10.560 --> 0:01:12.600 these conversations trying to figure out what our lives are 0:01:12.640 --> 0:01:14.520 gonna look like in the future. And yeah, we we 0:01:14.600 --> 0:01:16.959 have arrived to this point, and I'm really excited to 0:01:17.080 --> 0:01:20.480 talk about us personally, what we're doing, what we're going 0:01:20.520 --> 0:01:22.640 to be up to, but also for our listeners. What 0:01:22.680 --> 0:01:24.880 we realized was that this is a great opportunity for 0:01:24.959 --> 0:01:27.559 us to talk about moving and so discuss the many 0:01:27.680 --> 0:01:29.640 factors that you need to keep in mind when it 0:01:29.680 --> 0:01:32.200 comes time to uproot and move your fing So this 0:01:32.280 --> 0:01:34.880 will be a somewhat personal episode as we talk about 0:01:34.880 --> 0:01:38.400 our own progression in this direction to leaving a neighborhood 0:01:38.400 --> 0:01:40.120 that we love, that we really do love. That's a 0:01:40.200 --> 0:01:42.400 sad part, yeah, because I think anybody who's listening is 0:01:42.400 --> 0:01:43.880 like if you have you listening for any amount of time, 0:01:43.880 --> 0:01:45.440 like Matt ji'l always talk about how they love the 0:01:45.800 --> 0:01:47.880 talk about how your neighborhoods like Mayberry and yeah, it's 0:01:47.920 --> 0:01:50.120 like perfect and in a lot of ways true, it's 0:01:50.120 --> 0:01:54.920 incredibly idyllic. That's why we're certainly sad. But honestly, by 0:01:54.960 --> 0:01:57.320 this point in time, we we've sort of cycled through 0:01:57.680 --> 0:02:00.480 the stages of grief. We have kind of through some 0:02:00.520 --> 0:02:02.800 of this the sadder weeks. But our family at this 0:02:02.840 --> 0:02:06.000 point is so pumped. We're so excited for what lies ahead. 0:02:06.000 --> 0:02:08.040 So I am looking forward to talking about that today. 0:02:08.120 --> 0:02:10.240 At times in this process, I was like, who am 0:02:10.280 --> 0:02:12.000 I? I I feel like I'm losing a sense of my identity. 0:02:12.000 --> 0:02:14.480 We've been in this neighborhood for for thirteen plus years. 0:02:14.480 --> 0:02:16.360 We've made a lot, We've got deep roots, like so 0:02:16.400 --> 0:02:19.079 many connections, like Derek zu Lander looking into the puddle, yes, 0:02:19.639 --> 0:02:22.520 my god, And so I am kind of looking up 0:02:22.520 --> 0:02:24.720 looking around, and I'm like, what is going on? But 0:02:24.760 --> 0:02:26.240 there are a lot of factors, like you'll find out 0:02:26.280 --> 0:02:28.639 in this episode that led to this decision. We will 0:02:28.720 --> 0:02:31.080 discuss more. That's right, man, you have a quick hobby 0:02:31.120 --> 0:02:32.519 you want I wanted to share with you. Yeah. I 0:02:32.560 --> 0:02:35.080 haven't told you what specifically this is, but have you 0:02:35.120 --> 0:02:40.080 heard of magnet fishing before? This is something that the 0:02:40.120 --> 0:02:42.920 algorithm fed to me because they know that this is 0:02:42.919 --> 0:02:44.880 the kind of thing I'm into. Say the past, we've 0:02:44.919 --> 0:02:47.079 talked about how I've kind of got an old soul 0:02:47.160 --> 0:02:49.160 and that pretty soon you're going to find me on 0:02:49.200 --> 0:02:52.800 the beach during vacation with the metal detective sweeping you know, 0:02:52.880 --> 0:02:56.880 combing for lost jewels and other potential treasures. Well, I 0:02:56.880 --> 0:02:59.480 came across this thing called magnet fishing, and it's basically 0:02:59.560 --> 0:03:02.440 what it is. It's like this giant, super strong magnet. 0:03:02.480 --> 0:03:04.960 It's like this I don't know, like picture of hockey puck, 0:03:05.000 --> 0:03:06.920 maybe even bigger. But it's got a like a metal 0:03:06.960 --> 0:03:08.640 loop on it, and you tie a rope around it, 0:03:09.040 --> 0:03:10.840 and h typically, you throw it like in a river 0:03:11.000 --> 0:03:12.520 or a lake or something like that. You just kind 0:03:12.560 --> 0:03:14.160 of cast it out there and you drag it back 0:03:14.200 --> 0:03:17.720 to you and you see what cool stuff it's in 0:03:17.760 --> 0:03:20.240 the lake. Uh, but you have not done this yet. 0:03:20.240 --> 0:03:22.040 I'm guessing I have not yet done it. But I 0:03:22.080 --> 0:03:24.240 am this close to buying one of those magnets there. 0:03:24.280 --> 0:03:27.320 They're not that expensive. But specifically in mind, instead of 0:03:27.720 --> 0:03:30.400 walking on the beach with under the hot blazing sun 0:03:30.480 --> 0:03:35.160 with a metal detector, I'm picturing, okay, or just like 0:03:35.200 --> 0:03:36.920 waiting out into the water and kind of throwing it 0:03:36.920 --> 0:03:38.760 out there. You get to stay cool because you got 0:03:38.760 --> 0:03:41.560 the waves washing over you, even if you're like out 0:03:41.600 --> 0:03:43.640 there with the kids. I'm picturing myself being able to 0:03:43.680 --> 0:03:46.520 tie it around my waist and as we slowly as 0:03:46.520 --> 0:03:48.600 the current kind of pushes us down the beach. My 0:03:48.640 --> 0:03:51.520 super strong magnet's just looking for like lost watches or 0:03:51.840 --> 0:03:55.840 jewelry or sunglasses, just whatever might be slightly buried in 0:03:55.880 --> 0:03:58.400 the sand there. How cool is that? It's it's interesting, 0:03:58.440 --> 0:04:00.720 that's right, right, that's for sure. I'm call you Magneto. 0:04:01.080 --> 0:04:03.720 That will totally be my magnet fishing name. I'm super 0:04:04.080 --> 0:04:06.240 excited about the idea. I'm not totally sure actually how 0:04:06.240 --> 0:04:08.120 it works, if it works well at the beach, but 0:04:08.120 --> 0:04:10.520 there are folks out there and they've got accounts dedicated 0:04:10.520 --> 0:04:13.640 to this, and folks have found everything from like, yeah, 0:04:13.760 --> 0:04:16.080 jewelry to safe that that have been thrown into rivers, 0:04:16.080 --> 0:04:19.039 to like rusty bikes to tools, sunglasses, all sorts of 0:04:19.080 --> 0:04:22.040 crazy stuff. Uh, and so I don't know, I'm fascinated 0:04:22.040 --> 0:04:25.120 by the idea of kind of scavenging with the potential 0:04:25.560 --> 0:04:28.160 to possibly earn a little money on the side. Okay, well, 0:04:28.200 --> 0:04:31.080 any hobby that allows you to actually potentially make some 0:04:31.120 --> 0:04:33.479 money at the same time. It's almost like that, like 0:04:33.520 --> 0:04:35.360 it's like a passive hobby for yea, you know, it's 0:04:35.360 --> 0:04:37.320 just kind of like you have to be super dedicated 0:04:37.360 --> 0:04:39.480 to It's He's like, let me tossed a few. It's 0:04:39.480 --> 0:04:41.039 sort of like fishing. You don't have to be completely 0:04:41.080 --> 0:04:43.880 dedicated to maybe enjoy the process. We'll try it out 0:04:43.880 --> 0:04:45.840 this summer. Let us know how it goes. Well, I'm curious. 0:04:45.839 --> 0:04:47.359 The first beach trip is going to be ours, and 0:04:47.400 --> 0:04:49.440 so you'll see I mean, if I do this, and 0:04:49.480 --> 0:04:52.400 we will absolutely post pictures. All right, I'm very intrigued. 0:04:52.440 --> 0:04:54.200 Everyone wants to see that. And I will say, if 0:04:54.240 --> 0:04:56.440 you're listening and this is something you've tried, let me 0:04:56.440 --> 0:05:00.480 know your tips, because I'm a total nube. All right. Well, yeah, 0:05:00.520 --> 0:05:01.960 you can always reach out to us how the Money 0:05:01.960 --> 0:05:04.240 Pod at gmail dot com. But Matt, let's mention the 0:05:04.240 --> 0:05:06.440 beer we're having on this episode. This is called Stuck 0:05:06.480 --> 0:05:09.800 Ease Pecan log role by Wild Heaven. I said pecan. 0:05:10.279 --> 0:05:12.919 You can say pecan. I don't know. In the South 0:05:13.240 --> 0:05:15.120 it's peak and pecan, and the South, if you're a 0:05:15.120 --> 0:05:17.560 Southerner it's pecans. I think I did like very Yankee. 0:05:17.600 --> 0:05:20.640 It's I did somewhere in the middle on that pronunciation. 0:05:21.120 --> 0:05:23.000 But we'll give our thoughts on on this one. You're 0:05:23.000 --> 0:05:24.760 always living life in the gray. I am at the 0:05:24.839 --> 0:05:27.280 end of the episode. But let's get onto the topic 0:05:27.279 --> 0:05:29.080 at hand. We are talking about the fact that we're moving. 0:05:29.080 --> 0:05:31.960 We're talking about how we decided to do that and 0:05:31.960 --> 0:05:34.520 and how you can find a great place to live. Matt. 0:05:35.200 --> 0:05:37.560 For some reason, this made me think of those progressive 0:05:37.600 --> 0:05:41.040 commercials where that that doctor is trying to prevent people 0:05:41.040 --> 0:05:42.960 from becoming like their parents. Have you seen those? Yes, 0:05:43.240 --> 0:05:45.960 they're pretty funny. They're pretty funny, and I think that's 0:05:46.440 --> 0:05:48.919 that's exactly sort of a great way to talk about moving, 0:05:49.680 --> 0:05:52.440 specifically to the burbs. Yeah, and so we are moving 0:05:52.520 --> 0:05:56.200 to the burbs. And as kids growing up, there were 0:05:56.200 --> 0:05:57.760 things I was like, I'm never going to be like 0:05:57.760 --> 0:05:59.920 my parents in this way or that way. Whether it 0:06:00.320 --> 0:06:04.120 was the way that they didn't explain, maybe the reasoning 0:06:04.120 --> 0:06:06.000 behind the decision they were making and they just said 0:06:06.520 --> 0:06:09.279 because I said so, or maybe it was like the 0:06:09.279 --> 0:06:10.880 way they dressed or the way they decided to do 0:06:10.960 --> 0:06:12.440 certain things. It was like, I'm not gonna be like 0:06:12.480 --> 0:06:14.279 my parents in that way, Like I'm never gonna wear 0:06:14.279 --> 0:06:17.000 socks with sandals. Look at you today, just my uncle 0:06:17.000 --> 0:06:20.320 and not my dad. But yes, actually I might actually 0:06:20.320 --> 0:06:23.360 wear socks about sandals. My daughter does. Was this close 0:06:23.400 --> 0:06:24.920 to doing it during date night the other week, but 0:06:25.000 --> 0:06:27.520 Kate talked me out of it. Yeah, well it was wise. 0:06:27.560 --> 0:06:29.200 I was getting ready to make a statement, all right. So, 0:06:29.360 --> 0:06:32.080 uh so we're talking about how for for so many 0:06:32.120 --> 0:06:34.520 of us as we get older and we end up 0:06:34.560 --> 0:06:36.279 adopting some of those things that are that we said 0:06:36.279 --> 0:06:39.080 we never would do. Right. I tell my kids to 0:06:39.120 --> 0:06:41.520 do things just because I said so, And that's something 0:06:41.560 --> 0:06:43.839 I said I would never do. So I am now 0:06:43.920 --> 0:06:46.240 a fraud, I'm a phony. But yeah, as it turns out, 0:06:46.520 --> 0:06:48.680 what we're talking about today, we're talking about taking page 0:06:48.720 --> 0:06:50.760 maybe out of our parents playbook to a certain degree, 0:06:50.880 --> 0:06:52.800 you know, doing something we said we never do. And 0:06:52.839 --> 0:06:54.760 we'll talk about some reasons for that as well as 0:06:54.760 --> 0:06:57.320 hopefully just some helpful ways to think about where you 0:06:57.400 --> 0:06:59.000 might want to live. On the show today, we're gonna 0:06:59.000 --> 0:07:00.960 list a number of factors and kind of push you 0:07:01.000 --> 0:07:04.240 towards developing a system for how you think about where 0:07:04.360 --> 0:07:06.920 you're going to like live and raise your family and 0:07:07.040 --> 0:07:09.600 exist for a period of time. It doesn't have to 0:07:09.600 --> 0:07:11.560 be forever, but we want to make sure that we're 0:07:11.560 --> 0:07:13.840 thinking about where we live thoughtfully. That's right. Yeah, And 0:07:13.880 --> 0:07:15.880 aside from the fact that this is a topic that 0:07:16.000 --> 0:07:18.760 is incredibly relevant for us these days. We wanted to 0:07:18.800 --> 0:07:21.080 talk about choosing the right place to live because this 0:07:21.160 --> 0:07:24.200 is a huge decision that's going to have massive ripple 0:07:24.200 --> 0:07:27.720 effects in virtually every every area of your life. But 0:07:27.760 --> 0:07:30.240 the fact is, for virtually everyone listening to this episode, 0:07:30.480 --> 0:07:33.880 the cost of housing is likely your number one line 0:07:33.880 --> 0:07:35.960 item on your budget. Uh. This is one of the 0:07:35.960 --> 0:07:38.760 reasons we like house hacking so much, right. Uh, the 0:07:38.800 --> 0:07:41.600 ability to take a top expense and pull like a 0:07:41.720 --> 0:07:43.160 jiu jitsu move on it and all of a sudden 0:07:43.160 --> 0:07:44.880 flip it on its head and it's making you money. 0:07:44.880 --> 0:07:47.640 It's why we love that strategy so much, because putting 0:07:47.680 --> 0:07:50.840 a roof over your head is incredibly expensive. And then 0:07:50.920 --> 0:07:53.680 in addition to that, we've got this insane housing market 0:07:53.760 --> 0:07:57.520 with the astronomical run up in housing prices over the 0:07:57.520 --> 0:07:59.600 past eighteen months or so, and then on top of that, 0:08:00.040 --> 0:08:04.000 ortgage rates they have shot into the stratosphere, just complicating 0:08:04.000 --> 0:08:06.400 the decision even more. And so I believe that's it's 0:08:06.400 --> 0:08:08.840 only appropriate for us to tackle this topic today. Yeah, 0:08:08.840 --> 0:08:11.560 so we'll talk about the money considerations, of course, because 0:08:11.840 --> 0:08:14.360 we're out of money. That you should be making before 0:08:14.360 --> 0:08:17.080 you uproot yourself and you move somewhere new. But we'll 0:08:17.080 --> 0:08:19.520 we'll go beyond that. We'll talk about how where you 0:08:19.560 --> 0:08:22.320 live ends up impacting your quality of life too, because 0:08:22.360 --> 0:08:24.400 at the end of the day, right, the entire purpose 0:08:24.760 --> 0:08:28.080 of our show is not purely to focus on financials, 0:08:28.120 --> 0:08:30.040 but it's how but it's how your money can impact 0:08:30.080 --> 0:08:32.280 your quality of life too. And so because at the 0:08:32.360 --> 0:08:34.480 end of the day, the entire purpose of our show 0:08:34.600 --> 0:08:37.200 is is to help you achieve the goals live the 0:08:37.200 --> 0:08:39.240 life you want to lead, and money is obviously a 0:08:39.240 --> 0:08:41.640 big part of that. Earning more, investing as much as 0:08:41.640 --> 0:08:43.760 you can, spending less. These are these are just the 0:08:43.800 --> 0:08:46.000 tools and strategies that are going to allow you to 0:08:46.040 --> 0:08:50.640 reach higher degrees of financial freedom. Ultimately, that's not what 0:08:50.760 --> 0:08:52.880 life is all about, though, right having the most money 0:08:52.880 --> 0:08:54.840 in the bank account, you know, how you spend your time, 0:08:55.120 --> 0:08:58.000 the people and the environment you surround yourself in, Uh, 0:08:58.080 --> 0:09:01.040 that the experience you're able to participate in. That that 0:09:01.200 --> 0:09:03.760 is what makes life special. And so, yeah, what it 0:09:03.880 --> 0:09:06.040 is that you choose to value, that's up to you. 0:09:06.280 --> 0:09:08.120 But we're hoping to give you some good thoughts on 0:09:08.360 --> 0:09:10.559 how to go about evaluating where you want to live. 0:09:10.760 --> 0:09:13.320 We're all going to come down, uh, in different places 0:09:13.520 --> 0:09:16.839 based on this methodology. Not everyone prioritizes the same things 0:09:17.120 --> 0:09:20.680 the same way. Not everybody prioritizes craft beer like that's right, Yeah, 0:09:20.760 --> 0:09:23.400 how close are you to a few great breweries that 0:09:23.480 --> 0:09:25.120 might be important on Matt and I scale, but maybe 0:09:25.120 --> 0:09:26.640 not as much on yours. Yeah, And this is a 0:09:26.679 --> 0:09:28.320 topic that has likely been on the minds of a 0:09:28.320 --> 0:09:31.120 lot of people over the past couple of years. Specifically, 0:09:31.440 --> 0:09:33.880 you know, like like many folks who had never considered 0:09:34.160 --> 0:09:37.160 moving to Montana or to Idaho, they suddenly found themselves 0:09:37.240 --> 0:09:40.360 dreaming of a different kind of life. Some folks want 0:09:40.400 --> 0:09:42.520 that big sky country seriously. Yeah, Yeah, I think there 0:09:42.520 --> 0:09:45.320 are a lot of folks who absolutely loved living in 0:09:45.360 --> 0:09:48.600 a dense urban locale. They decided that it wasn't what 0:09:48.640 --> 0:09:52.520 they wanted anymore. We're seeing some some seismic shifts and 0:09:52.559 --> 0:09:55.280 how and where it is that people want to live, 0:09:55.840 --> 0:09:59.959 largely in response to the pandemic and just this repriorities 0:10:00.040 --> 0:10:02.720 nation that has taken place in our lives. And I 0:10:02.760 --> 0:10:05.520 think we definitely fall into that camp. But a lot 0:10:05.600 --> 0:10:08.000 of rural towns are are seeing an influx of folks 0:10:08.080 --> 0:10:09.760 who are looking to change things up. They're looking to 0:10:09.760 --> 0:10:12.160 lower the cost of living. So it's top of mind 0:10:12.160 --> 0:10:14.400 for sure. That is another reason that we wanted to 0:10:14.400 --> 0:10:16.720 talk about this today. Yeah, it's been interesting to see 0:10:16.720 --> 0:10:19.079 where people are moving because you're right, Idaho, Montana or 0:10:19.120 --> 0:10:21.240 high on that list, but even small towns that are 0:10:21.280 --> 0:10:23.080 like an hour and a half outside of Nashville that 0:10:23.160 --> 0:10:25.680 you would never have expect is on the radar of 0:10:26.120 --> 0:10:28.640 a young millennial or gen Z or like those. Those 0:10:28.760 --> 0:10:31.040 Some of those towns are popping too, and largely because 0:10:31.360 --> 0:10:34.400 the work from any Anywhere climate has created a surge 0:10:34.440 --> 0:10:36.920 of interest in cheap living in some of these small 0:10:36.960 --> 0:10:39.080 towns that are close enough to the big city but 0:10:39.160 --> 0:10:41.760 still have a lot of natural beauty to offer. And 0:10:41.800 --> 0:10:43.439 so we're gonna talk about this in a holistic way. 0:10:43.480 --> 0:10:46.160 We'll share the different reasons when a move makes sense, 0:10:46.240 --> 0:10:48.560 as well as how to do it affordably. Matt, there's 0:10:48.559 --> 0:10:50.760 a bunch of rip offs that that can and do 0:10:50.840 --> 0:10:52.840 happen in the moving industry. We're gonna cover those later, 0:10:53.000 --> 0:10:55.920 how people can make sure they don't fall victim. But 0:10:56.240 --> 0:10:58.760 really we're gonna talk about is developing a system when 0:10:58.800 --> 0:11:01.440 it comes to choosing where you're going to live. You know, 0:11:01.480 --> 0:11:03.760 it's a good thing to have an idea about what 0:11:03.840 --> 0:11:06.080 region of the country you'd like to live in, even 0:11:06.120 --> 0:11:09.079 a specific city, but then zeroing in on a few 0:11:09.120 --> 0:11:12.400 neighborhoods where you'll start house hunting. That's a solid tactic 0:11:12.400 --> 0:11:14.880 whether you're renting or buying, and if you're moving to 0:11:14.920 --> 0:11:17.679 a completely new place. You know, we always always recommend 0:11:17.800 --> 0:11:20.680 running for at least six months. This really helps you 0:11:20.679 --> 0:11:23.800 get a feel for the specific location where you prefer 0:11:23.920 --> 0:11:26.719 to live. You know, just in that brief period of exploration, 0:11:26.760 --> 0:11:29.839 you're gonna find maybe even down to a specific street 0:11:29.920 --> 0:11:33.640 level or small neighborhood where you exactly want to be 0:11:33.679 --> 0:11:35.560 the best place for you and your family. There's a 0:11:35.559 --> 0:11:37.640 lot to consider, obviously, but we're gonna try to break 0:11:37.679 --> 0:11:39.680 it down to the high points, like the most important 0:11:39.720 --> 0:11:41.520 things that should that should be on your radar as 0:11:41.559 --> 0:11:43.200 you're kind of thinking about where you want to live. 0:11:43.400 --> 0:11:45.400 That's right, and they're definitely the factors that went through 0:11:45.440 --> 0:11:47.960 our minds as we you know, ran this decision through 0:11:47.960 --> 0:11:51.719 the gauntlets of our of our decision making process, um 0:11:51.880 --> 0:11:53.640 and so this wouldn't be how the money, of course, 0:11:53.640 --> 0:11:55.720 if we didn't consider the financial implications. So let's kick 0:11:55.760 --> 0:11:58.120 it off. We got to mention that one of the 0:11:58.160 --> 0:12:01.520 ways that you might narrow in on a specific group 0:12:01.520 --> 0:12:04.040 of states or even cities is to consider the cost 0:12:04.080 --> 0:12:07.160 of living. Most folks know that it's it's likely going 0:12:07.240 --> 0:12:10.000 to cost a lot more to live in California than 0:12:10.240 --> 0:12:13.320 Alabama or Mississippi. But you should dig into the numbers 0:12:13.559 --> 0:12:16.200 and see what the cost of living looks like in 0:12:16.320 --> 0:12:19.920 specific cities or towns even within that state. Seen in money, 0:12:19.960 --> 0:12:23.240 they actually have a great cost of living calculator that 0:12:23.280 --> 0:12:26.080 will help you to see how much more or honestly 0:12:26.160 --> 0:12:29.720 even how much less everything will cost in specific cities. 0:12:29.840 --> 0:12:31.640 Will make sure to link to that in our show notes. 0:12:31.800 --> 0:12:33.480 But as a general rule of FuMB, you can always 0:12:33.520 --> 0:12:36.840 count on the cost of living being higher in more 0:12:36.960 --> 0:12:40.560 urban and more metropolitan areas versus more rural areas out 0:12:40.559 --> 0:12:42.360 in the country. Yeah, so let's keep talking about the 0:12:42.559 --> 0:12:45.120 money portion matt of how you make a decision, because 0:12:45.160 --> 0:12:47.120 you have cost of living is huge part of what 0:12:47.240 --> 0:12:49.920 influences the cost of living is how much you're gonna 0:12:49.920 --> 0:12:52.640 pay in taxes and you know, obviously it would be 0:12:52.840 --> 0:12:56.920 ridiculous to solely base your decision around where you move 0:12:57.000 --> 0:12:58.840 based on taxes. It sounds like something Matt and Joel 0:12:58.840 --> 0:13:01.679 would do. No, it doesn't at all. Actually, I think 0:13:01.679 --> 0:13:03.640 some people might pigeon holes, and I think they get 0:13:03.720 --> 0:13:05.959 like that might be like the knee jerk reaction. But 0:13:06.080 --> 0:13:08.400 we truly are thinking about so much more than just 0:13:08.440 --> 0:13:10.520 the cost of living, even though that is something that 0:13:10.600 --> 0:13:12.920 is sway our decisions slightly. For sure, we're gonna save 0:13:12.920 --> 0:13:15.280 money ultimately in this move. We're moving to a place 0:13:15.320 --> 0:13:16.880 it's going to be a little bit cheaper for us 0:13:16.880 --> 0:13:19.160 and for our family. But when it comes to taxes, 0:13:19.200 --> 0:13:22.840 like to say, more affordable, more affordable, yeah, and so yeah, 0:13:22.840 --> 0:13:25.600 when we're talking about taxes, that is an important decision maker, 0:13:25.679 --> 0:13:28.440 right because let's say you live in California, but you 0:13:28.480 --> 0:13:31.080 decide to move to Tennessee or Florida, you are going 0:13:31.120 --> 0:13:33.840 to save a boatload every single year on your state 0:13:33.880 --> 0:13:38.199 income tax bill. That's right, Florida, Texas, Tennessee. There's a 0:13:38.280 --> 0:13:40.440 number of states where you don't have to pay any 0:13:40.440 --> 0:13:43.040 income tax. You do not pay state taxes. I believe 0:13:43.040 --> 0:13:46.440 Washington State is another no income tax state. So yeah, 0:13:46.480 --> 0:13:48.880 it's it's one of those things where sure it's nice 0:13:48.920 --> 0:13:51.120 to note that, and you might add a slight waiting 0:13:51.520 --> 0:13:54.640 to some of those locations because of that, because yeah, 0:13:54.720 --> 0:13:57.880 the discrepancy in state income tax can be a big deal. 0:13:57.920 --> 0:14:00.400 It can add up. But yeah, similarly, it's it's not 0:14:00.440 --> 0:14:02.280 a bad idea to look up where your new state 0:14:02.320 --> 0:14:04.720 ranks when it comes to property taxes, because you don't 0:14:04.720 --> 0:14:07.720 want to look at just income taxes. There are different ways, 0:14:08.040 --> 0:14:10.680 and and even sales tax to Matt because you know 0:14:10.720 --> 0:14:13.199 where we live now that the sales taxes right in 0:14:13.240 --> 0:14:16.640 the nine percent range, and some states have a zero 0:14:17.200 --> 0:14:19.360 sales tax when you're buying things. So those are all 0:14:19.400 --> 0:14:21.480 things you're gonna want to keep in mind. Of course, 0:14:21.680 --> 0:14:24.000 if you're leaving behind a great community or you know, 0:14:24.120 --> 0:14:26.960 close family relationships, the money you save isn't going to 0:14:27.000 --> 0:14:30.040 be worth the trade off when you're talking about reducing 0:14:30.080 --> 0:14:33.000 your your tax burden. Taxes are not a good reason 0:14:33.040 --> 0:14:36.440 to uproot your family, but it's also not an insignificant 0:14:36.440 --> 0:14:39.160 factor when we're talking about, you know, why we decide 0:14:39.200 --> 0:14:41.880 where we live. Cost of living in taxes are important 0:14:41.880 --> 0:14:45.320 monetary considerations when we're thinking about where we're gonna end up. 0:14:45.400 --> 0:14:47.720 That's right. And tax Foundation dot org they actually have 0:14:47.800 --> 0:14:50.480 a bunch of different charts. They've got a map where 0:14:50.480 --> 0:14:53.160 they show your state income tax. They've got a map 0:14:53.200 --> 0:14:55.760 that shows how much your map. Yeah, literally, it's it's 0:14:55.760 --> 0:14:59.680 colored where you can easily see the states where you 0:14:59.720 --> 0:15:01.320 are paying more in taxes. So we'll make sure to 0:15:01.360 --> 0:15:03.720 link to that as a quick little reference. But Joel, 0:15:03.720 --> 0:15:06.600 we've got tons of other factors to consider, uh, and 0:15:06.640 --> 0:15:09.200 not just money factors. There are a number of lifestyle 0:15:09.240 --> 0:15:11.880 considerations before you make that move, and so we'll get 0:15:11.880 --> 0:15:23.320 to all of those right after this. All right, that 0:15:23.440 --> 0:15:26.000 we are back, and yes, there are a lot of 0:15:26.040 --> 0:15:29.800 lifestyle considerations that you have to take into account, including 0:15:30.000 --> 0:15:33.200 you know, how many breweries per capita, crap breweries are 0:15:33.440 --> 0:15:35.520 nearby where you're planning to move to. I was a 0:15:35.560 --> 0:15:37.400 part of the reason that we were very interested in 0:15:37.440 --> 0:15:40.520 moving to North Carolina. Yes, it's like home. Maybe we 0:15:40.520 --> 0:15:42.560 should go to Raley. Looks how many berries there are there. 0:15:42.840 --> 0:15:45.440 But before we get to those lifestyle considerations, there is 0:15:45.520 --> 0:15:50.040 one more financial consideration that's ridiculously important when we're talking 0:15:50.040 --> 0:15:53.680 about where you end up. And that is where the 0:15:53.760 --> 0:15:57.760 job's at. Because if there is not a robust amount 0:15:57.800 --> 0:16:00.840 of jobs where you're looking to move, that could massively 0:16:00.880 --> 0:16:04.000 influence your decision. You know, we we actually mentioned the 0:16:04.040 --> 0:16:06.200 resurgence of small towns just a little bit ago. You 0:16:06.200 --> 0:16:09.120 know that this has largely been made possible because of 0:16:09.160 --> 0:16:11.720 full time work from home becoming a reality for tens 0:16:11.720 --> 0:16:14.600 of millions of folks. They didn't have the luxury three 0:16:14.680 --> 0:16:17.680 years ago of leaving their big town and moving somewhere 0:16:17.800 --> 0:16:21.200 less expensive because they had to be where their employer was. 0:16:21.560 --> 0:16:24.360 But because of these changes in the fact that you know, 0:16:24.520 --> 0:16:27.000 a lot of folks don't have to be in the 0:16:27.040 --> 0:16:30.120 city where their employer is, people are leaving, they're moving. 0:16:30.760 --> 0:16:33.360 It's it's like a diaspora where people are moving all 0:16:33.360 --> 0:16:36.440 across the country into towns that nobody was even considering 0:16:36.720 --> 0:16:38.920 just a few years ago. And and so yeah, that 0:16:38.960 --> 0:16:42.560 being said, city centers still offer the best access to 0:16:42.600 --> 0:16:45.800 the highest paying jobs, especially if you're starting out in 0:16:45.840 --> 0:16:47.480 your career or if you're looking to move up the 0:16:47.560 --> 0:16:51.040 ladder more quickly. We would suggest looking for locations where 0:16:51.080 --> 0:16:54.080 you're gonna have more choice when it comes to where 0:16:54.120 --> 0:16:56.440 you work or what you do. And so a recent 0:16:56.480 --> 0:16:59.480 wallet hub study actually found that the best places to 0:16:59.520 --> 0:17:04.159 start a career are Salt Lake City, Orlando, Atlanta, Austin, 0:17:04.359 --> 0:17:07.640 and Seattle. And those are all pretty major markets, right there, 0:17:07.680 --> 0:17:10.520 pretty big places. And so where you live has certainly 0:17:10.560 --> 0:17:12.800 a little bit less to do with the kind of 0:17:12.880 --> 0:17:14.400 job you're going to be able to get, but that's 0:17:14.440 --> 0:17:17.320 still an important factor, and especially if you're the kind 0:17:17.320 --> 0:17:20.320 of person who isn't planning on working from home, taking 0:17:20.359 --> 0:17:23.080 stock of the job scene before you like start to 0:17:23.119 --> 0:17:25.760 plant your roots is really important, that's right. Yeah, So 0:17:25.760 --> 0:17:27.560 it's not just about the cost of living, how much 0:17:27.600 --> 0:17:29.879 money you are spending every single month, but the amount 0:17:29.880 --> 0:17:33.360 of money that you might be earning the future potential 0:17:33.440 --> 0:17:35.440 two of the money that you might be earning over 0:17:35.440 --> 0:17:37.320 the years. Yeah. I think our fine city of Atlanta 0:17:37.359 --> 0:17:40.560 was number three on that list. Which there's just so 0:17:40.560 --> 0:17:42.639 so many great employers here. I was just talking to 0:17:42.680 --> 0:17:45.119 someone the other day who works at the new Microsoft 0:17:45.200 --> 0:17:48.760 office in Atlantic Station, and there's just there's so many 0:17:48.800 --> 0:17:52.800 fortune companies. There's so much opportunity for people to move 0:17:52.840 --> 0:17:54.880 with the ladder, to find gainful employment and to earn 0:17:54.880 --> 0:17:56.800 more money here. That's right, Yeah, so join us down 0:17:56.840 --> 0:17:58.840 here in the great city of Atlanta. By the way, 0:17:58.880 --> 0:18:01.679 we're not moving. We're not even the greater Atlanta areas, 0:18:01.720 --> 0:18:03.399 so it's just the run. Yeah. Just in case folks 0:18:03.400 --> 0:18:06.280