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The Best Place On Earth To Raise A Family

Updated: 08/20/2021 by Financial Samurai 29 Comments

Hawaii is the best place on Earth!

Are you wondering where is the best place on Earth to raise a family? As a father of two young children who retired early, I’ve been looking around everywhere.

I’ve discovered a lot of young guns living mobile lifestyles in Bangkok, Playa Del Carmen, Costa Rica, and other exotic sounding places. If you don’t plan to have a family and anticipate working for a long time since you probably aren’t making and saving much for retirement, these places are great because they are relatively cheap.

I’ve been to all of them, and although nice, they are just a little too removed from friends and family to make living there a long-term solution.

Hawaii, on the other hand, is clearly head over heels the best place for an online entrepreneur to live! I truly believe the best place on Earth to raise a family is in Honolulu, Hawaii.

Hawaii Is the Best Place On Earth To Raise A Family

That’s right, if we’re talking about living a mobile entrepreneurial lifestyle, Hawaii is even better than my beloved San Francisco. San Francisco is great because of the countless high-paying jobs and entrepreneurial opportunities.  The weather is comfortable, there’s lots of good outdoor activities close by, and the infrastructure is solid. 

If you have a good resume with contagious enthusiasm and a strong work ethic, you’ll get hired in a heartbeat for $100,000 or much more. Don’t believe me? Ask any mid-to-late 20 year old who works at Google, Facebook Zynga, Youtube, Twitter, Apple, Yahoo, consulting, banking, and so forth how much they make, and they’ll say plenty.

But, what if you’re in your 30s and 40s, and have already accumulated a nice small fortune working for one of these companies and want to take it down a notch? You can stay in California, where the sun shines brightly and the ocean breeze lifts your spirits.

Unfortunately, you’ll probably get taxed to death since the state is in such a budget crunch. We’re talking 10% state tax, 10% sales tax, XYZ small business taxes and so forth in California. Honestly, Hawaii is not that much better given state income taxes is 8.25%, but at least sales tax is 4.8% and they don’t tax defined benefits plans. 

What’s better is that housing is much cheaper, and all the good stuff is plentiful and free. Last I checked, you never have to pay to lie on the beach and ride any waves!

In a 1,600 word post on Untemplater entitled “The Best Place For An Online Entrepreneur To Live And Work“, I share with readers how my recent 9 day experience was like, pretending to be an online entrepreneur living in Honolulu.

I definitely can see myself establishing roots in Hawaii and living there for 6 months of the year, while living in my place in Lake Tahoe for 3 months during the winter, and traveling the rest of the world for the remainder.  It’s my goal to get to that point by Feb 18, 2018. 

With the chronicling of my time in Hawaii on Untemplater, I’ve made the first step to see if it’s possible to make it happen. Let’s see if I can get there! Retiring in Hawaii is our ultimate goal.

STARTING AN ONLINE BUSINESS

It’s been around six years since I started Financial Samurai and I’m actually earning a good passive and active income stream online now. I enjoy working on my business from Hawaii and other awesome place on Earth.

I never thought I’d be able to quit my job in 2012 just three years after starting Financial Samurai. But by starting one financial crisis day in 2009, Financial Samurai actually makes more than my entire passive income total that took 15 years to build.

If you enjoy writing, creating, connecting with people online, and enjoying more freedom, see how you can set up a WordPress blog in 15 minutes with Bluehost. You never know where the journey will take you!

Pro Blogging Income Statement
You can start your site for next to nothing and potentially make a lot of extra income. This is a real example.

Related: If You Make It In Hawaii, You Can Make It Anywhere

Cheers,

Sam

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Filed Under: Career & Employment

Author Bio: I started Financial Samurai in 2009 to help people achieve financial freedom sooner. Financial Samurai is now one of the largest independently run personal finance sites with about one million visitors a month.

I spent 13 years working at Goldman Sachs and Credit Suisse. In 1999, I earned my BA from William & Mary and in 2006, I received my MBA from UC Berkeley.

In 2012, I left banking after negotiating a severance package worth over five years of living expenses. Today, I enjoy being a stay-at-home dad to two young children, playing tennis, and writing.

Order a hardcopy of my new WSJ bestselling book, Buy This, Not That: How To Spend Your Way To Wealth And Freedom. Not only will you build more wealth by reading my book, you’ll also make better choices when faced with some of life’s biggest decisions.

Current Recommendations:

1) Check out Fundrise, my favorite real estate investing platform. I’ve personally invested $810,000 in private real estate to take advantage of lower valuations and higher cap rates in the Sunbelt. Roughly $160,000 of my annual passive income comes from real estate. And passive income is the key to being free.

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Comments

  1. Andrew Hallam says

    July 14, 2011 at 12:47 am

    Another great thing about Hawaii is that home prices are reasonable as well.

    Reply
    • Financial Samurai says

      July 14, 2011 at 6:07 am

      Yep, especially vs. SF! Hawaii is pretty darn reasonable!

      Reply
  2. Robert @ The College Investor says

    July 8, 2011 at 8:50 pm

    I love Hawaii as well, especially since it is so modern, yet, has so many tranquil spots to get away.

    Reply
    • Financial Samurai says

      July 8, 2011 at 8:58 pm

      That’s exactly it. You can be in a modern, decent sized city one moment, and 20-30 minutes drive away and you feel like you are in the middle of nowhere!

      Reply
  3. Everyday Tips says

    July 8, 2011 at 8:12 pm

    I have never been to Hawaii, but it is somewhere I would love to go someday. I handle jet lag terribly, so I need enough time and money where I could stay there for a few weeks. Then I would probably never want to leave.

    Am very curious what Feburary 18th signifies, but as you said, we will have to wait to find that out. My only goal I have in writing is to have my house paid off by Sept 1 2017, but I believe I will easily beat that date.

    I often think of spending my days writing from a distant location. Now is not the time in my life to do that, but I think it will someday.

    Reply
    • Financial Samurai says

      July 11, 2011 at 5:27 pm

      Just imagine writing off the beach, overlooking the sunset with a MaiTai. It’s awesome! I guarantee you (or your money back) that anywhere in Hawaii is better than Detroit!

      I hope we are all alive in 2018! Perhaps ill reveal sooner. Whoo hoo!

      Reply
  4. Andrew Hallam says

    July 8, 2011 at 6:04 pm

    Well-written post Sam. And I think you’re right about Hawaii.

    One of the things I really like about it is how low-key it is. Get out of the big cities, and it’s a bit like going back in time. The camping there is probably cheaper than it is anywhere in the U.S. I’ve traveled prolifically throughout the U.S. and found that Hawaiin campsites are some of the most beautiful, and the cheapest.

    As for setting up a business there, I can’t comment on that. But I think it would be a great place to tinker with minor income streams (rather than working full-time) giving me a chance to do the Ironman at some stage in my life or take up the guitar and some more writing (maybe all three!)

    Reply
  5. Joe says

    July 8, 2011 at 5:53 pm

    I’m not sure what my “best place” will end up being. Never been to Hawaii, but would like to get there someday. My plan is two fold, start traveling to more places to get a feel of what I want in an eventual “retirement” spot. I use the quotes, though, because I don’t think I will ever truly retire. That’s the other half of my plan. Make my “work” portable. Then, and only then, can I find that office looking over a sunny sky and ocean.

    Reply
    • Financial Samurai says

      July 11, 2011 at 5:25 pm

      Never going to Hawaii is like never eating your favorite decadent cake. Go visit already! I’ve already said it’s the best place on Earth! :)

      If it helps, I’ve been to over 150 different cities.

      Reply
  6. krantcents says

    July 8, 2011 at 1:06 pm

    The funny thing about the best place on earth is it is where ever you think it is! In this case, perception is everything!

    Reply
    • Financial Samurai says

      July 8, 2011 at 1:14 pm

      True, but there are several tautologies, such as better weather, cheaper living, and lower taxes.

      What’s you bet place on earth?

      Reply
      • krantcents says

        July 8, 2011 at 8:46 pm

        I wish to remain in southern California, although I would not mind being closer to the beach. There is a long list of places I would love to spend some more time! Paris is probably my favorite, although I have visited at least 5 times! Second is Amsterdam because of the canals and I feel connected to the history. UK because of the people. As I said the list goes on and on! There are still places I have not visited which may end up on that list.

        Reply
        • Financial Samurai says

          July 8, 2011 at 8:59 pm

          I love, LOVE Paris! I wish I could speak fluent French. I’d definitely spend a month a year there for sure. So beautiful, and the architecture is wonderful. Thanks for the heads up on Amsterdamn. Haven’t been and have been planning on going for the past couple years.

          Reply
  7. retirebyforty says

    July 8, 2011 at 11:44 am

    I went to Hawaii for the first time in ’98 and I felt like coming home. I love Hawaii and would love to be able to make a living there. Keep me on your rollerdex when you get there. ;)
    The problem is the high cost of living in Hawaii. I know it’s cheaper than SF, but that’s probably true for 99% of the country too. Good luck!

    Reply
    • Financial Samurai says

      July 8, 2011 at 1:19 pm

      You felt like coming home because Hawaii sucks? Or you felt like you were at home bc you liked it there and reminded you of Thailand?

      SF is so much cheaper than NYC! But you’re right, we’re probably more expensive than everywhere else.

      Reply
  8. Sustainable PF says

    July 8, 2011 at 10:53 am

    Blue Skies Music Festival. 35+ years, i’ve been then 26 (as of this summer). I help run the festival. Don’t bother searching for it – no website. The hippies don’t want to be found!

    Reply
    • Financial Samurai says

      July 8, 2011 at 11:53 am

      Man, I wouldn’t want the coppers coming around confiscating the Ganga either!

      What state you Gallic about btw?

      Reply
  9. Untemplater says

    July 8, 2011 at 8:28 am

    Awesome set of posts Sam! Thanks for all your support for Untemplater too! :) The couple of times I’ve been to Hawaii I loved it and didn’t want to leave. The hiking there is amaaaazing and yep it’s all free just like the beaches. If I can get enough saved up to move there I wouldn’t even be worried about not seeing family and friends because I know they’d all want to come visit! What’s your favorite must see site on Oahu? -Sydney

    Reply
  10. No Debt MBA says

    July 8, 2011 at 8:27 am

    I love that you have a specific date picked out. My crystal ball is a little too murky for that but almost 7 years? Maybe I’ll be seeing you around!

    Reply
    • Financial Samurai says

      July 8, 2011 at 9:35 am

      As they say, once you put your goal down in writing, it’s game on and makes it real!

      I have a secret reason for that date, which I will reveal that week in 2018. How about that for dedication and sticking around?!

      Reply
  11. MoneyCone says

    July 8, 2011 at 8:24 am

    Having lived in CA for a long time, I’ve never visited Hawaii! I’m beginning to think that’s a big mistake!

    Reply
  12. Mike - Saving Money Today says

    July 8, 2011 at 6:15 am

    Never been to Hawaii but I definitely want to make it there someday. If you’re living there I’ll be sure to bring some beer. :)

    Reply
    • Financial Samurai says

      July 8, 2011 at 9:32 am

      Sounds good man! And boy, you are in for a big treat! Before I had ever come out to the West Coast, I didn’t know what the big deal was living on the East Coast. When I first visited California in 1995, I was smitten and made it a mission to eventually move out.

      You’ll love Hawaii!

      Reply
  13. Mike Hunt says

    July 8, 2011 at 4:22 am

    I read your post- it was well written. When I was working for a Start up based in San Jose / Northern VA, I did spend a few weeks in Hawaii, getting up at 4am and working with Mainland time, then stopping work at 11am and enjoying the outdoors- it was a very, very good time.

    I remember the Bay Area people always felt they had a one up over the East Coaster but you let them know you are in Hawaii, and boy- do they get jealous!

    My wife and I got married on the Big Island in Waikaloa. We talked to the locals and heard from many that the Big Island is like a 3rd World country when it comes to health care and medicine- interesting. I would like to find a nice place near Hilo or a bit inland to avoid the constant rain.

    Reply
    • Financial Samurai says

      July 16, 2011 at 11:07 am

      Sounds good to me Mike! Waikaloa is nice. Not sure if I’d want to live on the Big Island, but Maui and Oahu, absolutely!

      Reply
  14. Mike Hunt says

    July 8, 2011 at 4:16 am

    Well I am living in one of those ‘low cost’ exotic locals earning the same I would in the USA… the jobs are there but they are rare.

    BTW, I hate to offend anyone but the title of this post reminds me of a Confucius joke:

    “Confucius say Kotex not best thing on Earth but next to best thing.”

    -Mike

    Reply
    • Financial Samurai says

      July 8, 2011 at 6:14 am

      “Confucius says go through turnstile sideways, and you going to Bangkok!”

      It’s hard to make the big bucks in Thailand, so consider yourself lucky to make that $350K USD! I could do Thailand for a couple years, but no more. Hawaii is more palatable long term solution.

      Reply
      • Mike Hunt says

        July 8, 2011 at 8:40 am

        Indeed, I’ve been going through airport turnstile sideways many times…

        I’ve been out here 5 years, still have a few years left in me. Maybe next stop may well be Hawaii, I will have trouble convincing the wife though.

        Did you notice that the islanders have mixed feelings about the people on the mainland? For example, a few people I’ve talked to were worried about visiting California because of all the drive by shootings!

        There is a serious lack of cheap shopping options in Hawaii, which isn’t important to me but is so very different to Asia that it would be an ‘adjustment’ for my wife…

        Reply
        • Financial Samurai says

          July 8, 2011 at 9:37 am

          The media sensationalized things amazingly. You’d think all of Mexico was a gang warfare for example! There is danger in every place on lives. Just got to be cognizant!

          Shopping doesn’t interest me at all for some reason. In Hawaii, it’s about keeping things simple and low key.

          Reply

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