How Much More Can You Get Out of Your Money?
Taking the cost of living into account when trying to save and build wealth.
I am about to become a statistic on the list of people leaving California.
And I wish I didn’t have to be. It’s the state where I was born and raised. I love the ocean, and I love the foothills of the mountains where I grew up.
But the sad truth is that I can get more for my money in a neighboring state than staying in California. A reality many native Californians like myself have had to come to face in the past few years.
And so, I will be moving away from my home state.
Because when it comes to finances and wanting to build wealth, there is a factor that one can sometimes overlook:
How much more can I get living somewhere else for the cost I’m paying now?
Getting More For What You Pay For
With inflation rising even more in the past few months, the cost of living will be something more people will have to factor in than before.
For example, take housing—specifically, the cost of renting an apartment.
This is what you can usually find for rent of under $1500 a month in the Los Angeles Area…
