Moving is hard. But could relocating to a low-cost-of-living area help you lead a more fulfilling life and achieve financial freedom? As today’s guest came to find out, the benefits of living in an affordable area often outweigh the glitz and glamor of a big city!
Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Allison Irby Vu, a financial planner who made a huge cross-country move in pursuit of a better financial future. With roots planted in Washington, D.C., Allison hadn’t considered moving until she stumbled across a program that offered her $10,000 to relocate to Tulsa, Oklahoma! Little did she know that this MAJOR life change would not only improve her financial situation but also allow her to spend more time with her son and tight-knit community.
In this episode, you’ll hear all about Allison’s journey from her hometown to Tulsa. She shares how she went from living paycheck to paycheck (despite earning close to six figures!) to having an abundance of time and money for the things she values most. Allison also highlights the pros and cons of living in an area like Tulsa and how remote workers can plan their next big move!
In This Episode We Cover
How to reach financial freedom by moving to a low-cost-of-living area
Getting PAID to move to a more affordable city (and how to qualify!)
How to pay off large amounts of debt as quickly as possible
Creating a budget that allows you to spend money on the things you value
How to take FULL advantage of your remote job (and live anywhere in the world!)
The biggest pros and cons of moving to an area like Tulsa, Oklahoma
And So Much More!
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BiggerPockets Money 11 – Designing a Frugal But Luxurious FI Life by Age 32
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