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The Financial Freedom Fast Lane: Move to a LOW Cost of Living Area! [Video]

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Finance for Women

The Financial Freedom Fast Lane: Move to a LOW Cost of Living Area!

Episode #522

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!

Show Notes at:
https://link.chtbl.com/Money
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BiggerPockets Money 11 – Designing a Frugal But Luxurious FI Life by Age 32:
https://www.biggerpockets.com/blog/biggerpockets-money-podcast-10-designing-a-frugal-but-luxurious-fi-life-age-32-with-liz-thames?utm_source=youtube&utm_medium=description&utm_campaign=none
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BiggerPockets Money 500 – FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More!:
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Learn More About the Tulsa Remote Program:
https://www.tulsaremote.com
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Connect with Allison:
Website: https://www.allisonirbyvu.com
Instagram: @allisonirbyvu or https://www.instagram.com/allisonirbyvu
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00:00 Intro

01:36 Growing Up in Washington, D.C.

05:30 Paying Off $30K+ of Debt

08:10 Getting Paid $10K to Move?!

12:41 Allison’s Financial Situation

15:15 How to Qualify for Tulsa Remote

21:32 Pros and Cons of Living in Tulsa

31:37 Connect with Allison!

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