One of the great things about America is freedom. Tired of feeling like death living in Chicago or Boston during the winter? Why hello San Diego, Miami, and Honolulu! Not feeling there are enough job opportunities for advancement in Detroit? Then come on down to New York City! Tired of eating healthy food in San Francisco that costs an arm and a leg? No city can beat the wonderful soul food of New Orleans.
Geo-arbitrage is a term where one can earn and save money in one place and move to a cheaper location to maximize their money. I highly recommend it. If you happen to own an internet business, then your ability to geo-arbitrage is greatest. I’ve often thought about just relocating to Thailand for several months at a time given friends say they live extremely well off $2,000 a month for two. Given one of my goals is to take 100 hours of intensive Mandarin lessons, I may very well be writing to you from some lower cost country in the future.
75% of the audience comes to Financial Samurai through a search engine like Google. They have a financial problem they are trying to solve. This is huge because it takes initiative to come to grips with one’s finances. But what I’ve noticed over time is that besides the middle class getting pissed off about the widening wealth gap, upper-income earners are also feeling some angst as well.
Over 50% of singles readers and 74% of household readers make over $100,000 a year based on my Financial Samurai income poll. As a result, I’d like to delve into analyzing how a “typical” $200,000 a year household spends their income. A six figure salary can range from $100,000 to $999,999, so I figure I’d start on the low end for two people. $200,000 is a comfortable household income, but I don’t think it can qualify as rich.