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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