You know by now that Americans are rushing to escape the city. They're looking for a better America where they can raise their children, build their businesses, and retire in peace. The Wall Street Journal editorial board listed headlines from last week. Read them below and ask yourself, is it any wonder Americans can't wait to get away? July 21: “Authorities found the charred body of a man in the wreckage of a south Minneapolis pawnshop, nearly two months after the building was torched in the rioting that followed George Floyd’s death.” July 24: “A public hearing Tuesday night was … [Read more...]
Anyone With Success is Fleeing Blue State Cities
"I'm outta here." Those were the words Joe Rogan told his guest Joe De Sena recently. "Here" meant California, where Rogan has lived since 2003. Where is Rogan moving? Texas. Rogan's criteria for choosing his destination: Center of the country Easier to travel to both coasts A little more freedom An uncrowded area Implied in his point "a little more freedom" is the lower--read: zero--income tax rate in Texas. Rogan recently signed a mega-deal to move his popular podcast, The Joe Rogan Experience, to Spotify. The deal is worth $100 million, and moving to Texas could … [Read more...]
This Open for Business State Reels in More Investment and Jobs for its Citizens
You already have a good idea of which states are open for business, and which states are driving entrepreneurs and small business owners away. But when it comes to the benefits of being a Right to Work state with a pro-business atmosphere, you have probably heard about one state more than any other from Your Survival Guy. That state is, of course, South Carolina. Just look at some of the headlines you've seen here about South Carolina in the past: BMW Breaks Records in Right to Work South Carolina Right to Work South Carolina is Flooded in Jobs You Can Find a Better America in … [Read more...]
Your Country Home and Generational Wealth is up to You
If you own a waterfront home, or a mountain retreat, or some land with a barn not too from the city, then you know their values are going up. I’m seeing it here in coastal Newport at every turn with license plates from NY, NJ, MA, and CT filling the streets—the secret’s out. But most have been dreaming about the “lifestyle” for years. They just needed a push to get in the game. “If you’re on some kind of fence, Covid shoves you off of it,” explains Luke Siegel as he and his wife Johanna bought a home on 30 acres with a barn just north of NYC. (You can read about here). Sitting on the … [Read more...]
Your Retirement Life: On the Road Again, Part II
In the summer of 1984, we traveled across the country in our 21 foot Winnebago Brave (yes we were) and can relate to this article as a new swath of RV drivers hit the roads to dodge COVID restrictions. Joe Barrett writes in The Wall Street Journal: Brad Swenson, who lives in his RV, was at a stoplight in the Black Hills of South Dakota last month when he saw a rental RV trying to use a fast-food drive-through—a typical rookie mistake. “It was like I was about to see a dog get hit by a car. I wanted to help, but there was nothing I could do,” said Mr. Swenson, 50, a Seattle property … [Read more...]
Life is Good: You’re Ready to Protect Your Turf
You’re telling me your life is good and, in times like these, it is so great to hear. You’re telling me, especially if you’re retired, that your life hasn’t changed all that much. No, you don’t see family as much (you’re looking forward to the 4th when you might), but you’re keeping busy. Here are a few items we spoke about this week: You’re golfing a lot. But not as well as you’d like to. At your recent doctor’s appointment, you asked for a prescription to get you straighter off the tee. You’re building a deck. That is, if you can find pressure-treated wood. I spoke with two … [Read more...]
COVID-19, Riots, Accelerate the Escape from the City to Small Town, USA
Americans living in big cities in states where governors have gone wild with shutdowns, but allowed riots to rule the streets are trying to escape. The COVID-19 pandemic and the rioting that has followed it have accelerated the exodus from many of the big tax cities Americans were already trying to flee the big city blues. They're seeking some shelter away from it all. Many of them are heading to the suburbs or the exurbs, but many of them are also heading to the lower cost, smaller cities in the South, and West that were already popular destinations for escapees before chaos … [Read more...]
Your Retirement Life: A Grizzly Yellowstone Trip
You can still have the retirement life you deserve, it just takes a little more time and patience. I think you'll like these pics from a client who writes: "Hi EJ- thought you might like to see a few shots from Grand Teton/Yellowstone. When we got home, we ran across an article about that specific bear. Google Grizzly Bear 399 and look for the recent article about her and her cubs." Here's the story about Grizzly Bear 399, from Mike Koshmrl at Jackson Hole News & Guide: Steve Franklin’s lifetime bucket list included both being in Grand Teton National Park on opening day and … [Read more...]
What Will Her Life Be Like Now?
It’s foggy this morning, but the light coming from my daughter’s bedroom is bright because she’s away on a trip, and her door is wide open. It’s heartbreaking walking down the stairs knowing this is what it will feel like when she leaves for college. Every step I feel the weight of: did I spend enough time with her, will she be ok on her own, is she happy, what will her life be like now? It’s heavy. That’s being a parent. Your kids grow up and leave you, then you have grandchildren, they visit, they leave, and it’s the same feeling all over again. And you say to yourself: Next time … [Read more...]
Your Retirement Life: Run from Shiny Happy People
Let’s start with our bank of bad habits, shall we? The most common one I see is the annuity. How do they even get into a portfolio? I’ll tell you. “Well,” a prospective client might say, “I had a cousin who told me about that one.” Or, “It was sold to me years ago by some guy. I don’t remember his name.” Or, “My employer brought in this company to give us a presentation.” You get the idea. When investors are young and start making a little scratch, they don’t spend time researching investments. They’re too tired. They don’t have time. They trust who they’re talking with. Plus, the kids are … [Read more...]
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