Moving out, could use some advice.

[GivingItMyAll]

On March 31st I'm going to light a fire under my a$$ by moving out of my parents house. I've many reasons for doing this but among the most relevant are (1) to stop relying on the comfortable existence my parents can provide for me and (2) because I live in literally the worst state to start a business in.

Right now I'm debating on whether Mississippi (one of the lowest rent rates in the country) or Georgia (cheap state to live in while offering good business opportunity) is the best choice. If you have any input on a state that has a low cost of living while also being viable to set up a business in, please let me know.

I'd like to ask anyone who has moved for similar reasons for some advice. I have a general plan that includes saving up at least $5k, selling old belongings on craigslist, gathering necessary documents, cancelling gym memberships, and while I'd rather wait until I move to the new state to setup my actual business, I'm going to experiment with money generating ventures like copywriting or crypto currencies.

 

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[MJ DeMarco]

because I live in literally the worst state to start a business in.

New Jersey?

Right now I'm debating on whether Mississippi (one of the lowest rent rates in the country) or Georgia (cheap state to live in while offering good business opportunity) is the best choice.

An improvement over NJ.

Check out state tax rankings...

HOT! - TAXES | REGS - 2024/25 State Tax Rankings... Time for You to Move?

CLICK TO THE LATEST POST FOR THE LATEST YEAR FOR UPDATES... Part of the reason why I moved to Utah from Arizona... AZ continues to slowly slide lower, and lower, and lower. Happy to see Utah in the top ten, albeit, just barely. Nevada was a consideration but I have zero trust in their state...

www.thefastlaneforum.com

Personally if I was starting over I'd be looking at: FL, NC, UT, AZ, GA, TX, and TN.

 

[easy850]

I reccommend Florida. California weather with Texas mindset citizens. No state income tax.

The Tampa bay area is a great place to set up shop in, my friend owns a boat repair business in Wesley Chapel and is doing fairly well for his age.

 

[GivingItMyAll]

New Jersey?


An improvement over NJ.

Check out state tax rankings...

HOT! - TAXES | REGS - 2024/25 State Tax Rankings... Time for You to Move?

CLICK TO THE LATEST POST FOR THE LATEST YEAR FOR UPDATES... Part of the reason why I moved to Utah from Arizona... AZ continues to slowly slide lower, and lower, and lower. Happy to see Utah in the top ten, albeit, just barely. Nevada was a consideration but I have zero trust in their state...

www.thefastlaneforum.com

Personally if I was starting over I'd be looking at: FL, NC, UT, AZ, GA, TX, and TN.

Yeah I live in Jersey. Your list of states is interesting. For example, wouldn't you consider Wyoming since it ranks number one for best business tax climate?

 

[MJ DeMarco]

Yeah I live in Jersey. Your list of states is interesting. For example, wouldn't you consider Wyoming since it ranks number one for best business tax climate?

Wyoming is great, but there isn't a lot to do there. And housing is pretty expensive, a low-end townhouse in Jackson Hole will run ya $1,350,000. Example:

205 Nelson Dr APT 2, Jackson, WY 83001 | Zillow

205 Nelson Dr Apt 2, Jackson WY, is a Townhouse home that contains 1088 sq ft and was built in 1981. The Zestimate for this Townhouse is $1,346,300, which has increased by $1,460 in the last 30 days.The Rent Zestimate for this Townhouse is $5,145/mo, which has increased by $293/mo in the last...

www.zillow.com

 

[Bekit]

Wyoming is great, but there isn't a lot to do there. And housing is pretty expensive, a low-end townhouse in Jackson Hole will run ya $1,350,000. Example:

205 Nelson Dr APT 2, Jackson, WY 83001 | Zillow

205 Nelson Dr Apt 2, Jackson WY, is a Townhouse home that contains 1088 sq ft and was built in 1981. The Zestimate for this Townhouse is $1,346,300, which has increased by $1,460 in the last 30 days.The Rent Zestimate for this Townhouse is $5,145/mo, which has increased by $293/mo in the last...

www.zillow.com

Jackson Hole is an outlier, though. If you go to Cheyenne, you're within two hours of the Denver International Airport, weather is almost as good as it is in Fort Collins, CO, and that kind of money will snag you something like this!

 

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[GivingItMyAll]

I reccommend Florida. California weather with Texas mindset citizens. No state income tax.

The Tampa bay area is a great place to set up shop in, my friend owns a boat repair business in Wesley Chapel and is doing fairly well for his age.

Hey, what do you mean by Texas mindset citizens? Curious

 

[MJ DeMarco]

Texas mindset citizens?

Generally an attitude of "leave me the F*ck alone" and take your government with you.

 

[RussRussman18]

Most places in Mississipi are a bad place to live. High poverty, high crime. Be careful

 

[easy850]

Generally an attitude of "leave me the f*ck alone" and take your government with you.

Yes, here in Florida we never even locked down. Schools closed yes but there was no government closure of businesses. Basically business as usual as if covid didn't exist.