Keep What You Earn

Moving to a Tax-Free State - Worth it?


Listen Later

Today, we're diving into a hot topic many entrepreneurs and individuals are curious about: the pros and cons of moving to a tax-free state. In this episode, we'll explore the idea of relocating to states without income tax like Florida, Texas, and Nevada, and whether the tax savings truly make it worth uprooting your life. We'll dig into the potential hidden costs, such as higher property taxes and insurance, and weigh them against the benefits. Plus, I'll share personal insights on why not all financial decisions should be purely tax-driven, and how to evaluate what's best for your lifestyle and happiness.

What you'll hear in this episode:

04:44 Consider costs, lifestyle, and tax implications.

09:48 Guide to start or clean up business.

If you like this episode, check out:

A Shortcut to Business Travel Deductions

What They Never Tell You About Depreciation

How to Deduct Self-Employed Health Insurance Premiums

Want to learn more so you can earn more?

Transform your small business journey – download the Small Business $tarter Kit here.

Visit keepwhatyouearn.com to dive deeper on our episodes

Visit keepwhatyouearncfo.com to work with Shannon and her team

Watch this episode and more here: https://www.youtube.com/channel/UCMlIuZsrllp1Uc_MlhriLvQ

Connect with Shannon on IG: https://www.instagram.com/shannonkweinstein/

The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.

...more
View all episodesView all episodes
Download on the App Store

Keep What You EarnBy Shannon Weinstein

  • 5
  • 5
  • 5
  • 5
  • 5

5

195 ratings


More shows like Keep What You Earn

View all
Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,602 Listeners

Happier with Gretchen Rubin by Gretchen Rubin / The Onward Project

Happier with Gretchen Rubin

12,883 Listeners

Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,552 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,720 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,208 Listeners

Main Street Business by Mark J Kohler and Mat Sorensen

Main Street Business

582 Listeners

The Amy Porterfield Show by Amy Porterfield

The Amy Porterfield Show

4,574 Listeners

Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

Your Money, Your Wealth

803 Listeners

The How of Business - How to start, run, grow and exit a small business. by Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

507 Listeners

ChooseFI by ChooseFI

ChooseFI

5,142 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,459 Listeners

The Accounting Podcast by Blake Oliver & David Leary

The Accounting Podcast

334 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,076 Listeners

Small Business Tax Savings Podcast by Mike Jesowshek, CPA

Small Business Tax Savings Podcast

260 Listeners

Ready For Retirement by James Conole, CFP®

Ready For Retirement

818 Listeners