14562 days ago
Every family has one, a person or group of family members who travel a great distance, leaving everything behind in order to find a new opportunity for themselves and future generations.
For my wife and I, all of our grandparents came from somewhere else, my own grandmother left behind 12 siblings to come to California.
I remember when my wife and I were on our honeymoon, being fascinated with the people we met who had told us they were new to the area (vacation town) and had just decided one day to leave their hometown, just pick up and go. Many without a plan, a job, or a place to stay when they arrived.
In my own life, my wife and I have discussed leaving California for the past 8 years, never in a rush about it, but it has always been on our mind. However, once we started to have children, it became a more pressing issue. You see for us, we don’t subscribe to the normal way of doing things…So the whole 30 year mortgage, 40 years of working until retiring, and raising the kids to go to college and get jobs never appealed to us at all.
California is a high tax, high cost state, that had become an obstacle
in our way of living financially free while we are young.
With a 4 year old son, 2 year old daughter, and a 3 month old daughter, I don’t want to wait 10 years to start living the retired lifestyle, it’s not that we can’t afford California, it’s that California delays my happiness and shrinks the growth of my financial moat.
“A financial moat is what my household refers to as being debt free and having enough passive income to cover all of our expenses along with a solid savings to weather any financial catastrophe.”
In California, we are forced to spend more; and due to the government, we make about 10% less. And when I say spend more, I mean like $500,000 extra for a house, and when you don’t want to have a mortgage, that’s a lot of dough. A house is a dead asset to me, if you can even call it an asset. Tying up $600,000 to $800,000 in a house in California would have been counter to what my wife and I are building for the long term.
My wife and I sacrificed a lot to build our moat because financial freedom gives you options. The option it has given us is to experience life with our children full time, and that’s what we wanted most.
Our master plan for the next two decades is to build a family business, much like Trump did, something that if the children choose to join, it will be turnkey. A family business has a competitive advantage since you have multiple people with blood, sweat, and tears tied up into the success of the business. No financial compensation can beat the passion of a person or family building and working their own business.
As hard as it was to leave friends and family in California, I have to admit when my family crossed into Texas, I felt at peace. I knew the opportunity to supercharge our family plan was fully in place; cutting our housing costs in half and keeping all of our income, minus what the sociopaths in D.C. get.
Making a life changing decision like moving, was without a doubt the most difficult decision my wife and I have ever made.
Leaving California was like going to 20 funerals in a single day, leaving your loved ones behind, people whom you saw on a regular basis. It’s very sad, but I encourage anyone reading this to choose your own destiny. You only get one shot at this, so you might as well be happy. Let go of the expectations others have on you and live a great life, do it your own way.