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Episode 29: These cities support a blue collar [entrepreneur] millionaire lifestyle because opportunity is not overshadowed by cost of living: Flower Mound TX, Broken Arrow OK, Olathe KS, Richardson TX, Carmel IN, Meridian ID, Kenosha WI, Cape Coral FL, Layton UT, Henderson NV.
The key to a reasonable cost of living is keeping housing below 3 times your annual salary: $100k income would mean not paying more than $300k for a house. [By living within your means, you can eventually conform to wealth building principle #2: Live debt free]
My definition of “blue collar entrepreneur” is broadly defined as someone that works with their hands creating a product or service- so a carpenter or a heart surgeon would qualify. Even most small business owners would meet the definition.
The key point is PRODUCTION. [wealth building principle #3: Production is the source of wealth]
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Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.