The NBA Finals Proves Location Matters For Success
The LA Lakers and Boston Celtics have met 11 times in the finals. Combined, the two teams have won an incredible 32 championships in the NBA’s 63 seasons. Purists will note that only 10 of LA’s 15 championships came in LA, while the other 5 were in Minneapolis from 1949-954. Either way, there’s no doubt that the Lakers are one of the best teams in NBA history.
How is it that two teams alone combine for about half of all championships in league history? The answer is simply superstar cities which offer high wages, a huge fan base, and enough diversity in all things to keep one entertained. Let’s be frank. There’s no way the Cleveland Cavaliers, Dallas Mavericks, Charlotte Bobcats, and Utah Jazz will ever win an NBA championship. Not to say any of these cities aren’t nice, they just don’t match the star power of places such as New York, LA, and Boston. Eventually, the best players and staff all gravitate towards one of the major metropolitan areas to really compete for a championship.
MOVE IF YOU WANT TO RAISE YOUR STANDARDS
There’s a reason why the best and brightest flock to the big coastal cities of America. It’s where the best jobs, and therefore the best pay reside. The networking opportunities are amazing, and if you have New York City on your resume for example, it’s like a stamp of approval that you can handle anything.
Some will say that big city living is expensive. True. But, that’s because you are making so much more money it evens out in the beginning. As you progress in your career, your income starts to completely outstrip your basic living costs and real wealth starts to build. The upper limits of the income band are much higher, which is one of the key competitive advantages. A big city provides you the platform to make things happen.
By the time you retire from a superstar city, you can practically move to any other city in the world, and your living expenses will be cheaper. Whereas if you start off in Altoona, Kansas, you’re pretty much stuck. It makes sense that if you want to be the best, you should compete with, and surround yourself with the best. The Lakers have the marquee player in the West with Kobe Bryant and the best coach in Phil Jackson. Boston’s Doc Rivers and the big three aren’t too bad either. The A players want to be in the best locations, and so should you.
Readers, for the younger readers especially, what’s holding you back from moving to a bigger city if you’re looking to build greater wealth?
Do you believe superstar cities offer more career and wealth building opportunities? Or do you believe bigger cities just cause you to go broke?
Who do you think will win the NBA championship?
Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”