Tropical MBA: Entrepreneurship & Founder Lifestyle

TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful

Mar 30, 2023
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ADVICE

Finding Your Tribe

  • Prioritize finding a small, passionate group in your industry over a city's brand or general reputation.
  • Seek out those who are actively building in your field, not just consuming amenities.
INSIGHT

Money Theory of Location

  • Relative wealth, not absolute wealth, determines freedom and flexibility.
  • Aim to make 4x the average professional salary in your chosen location for optimal spending power.
ADVICE

Reverse Stair Step

  • Start in affordable locations, leveraging lower costs to build your business.
  • Gradually "stair step" to more expensive cities as your income increases, maintaining relative wealth.
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