04/08/2026
So often I hear people talking about how they’re moving to a different state because taxes are so high where they live, and they are lower in the state where they are moving to. But you can’t just look at income tax levels, you have to look at all costs across the board as well as the lifestyle. So many people moved out of California only to regret it and try to come back, realizing that they were priced out because Home values don’t increase at the same rate elsewhere as they do in California.
When it comes to managing your wealth, you always have to take all factors into account.
No, I made some generalizations in this post about some places, having healthier lifestyles, or people making more, etc. This obviously will not be the case for every single person, which is why it is a generalization. All of this is to make the point of considering all aspects and the reality of what it would be like for you personally to live in each different location.
The point of this post is to help people understand that true wealth is built by paying as little in taxes as you possibly can and investing as much as you possibly can so that your money makes money and grows your wealth to the point of financial freedom.
For me, real estate has been that catalyst.
Hope this helps open the minds of someone who may have otherwise moved somewhere that wouldn’t serve them simply to “save income taxes”.
Xoxo,
Marilynn
Airbnb investing, financial freedom, how to avoid paying taxes legally, real estate investor, every day people building wealth
