

TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful
Mar 30, 2023
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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.
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.
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.