ilmscore | Why I'm Never Leaving California...

Why I'm Never Leaving California...

Published: 2024-04-15
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 0
Incorrect: 0
Pending: 6
Unrated: 0
Prediction
Topic
Status
Author predicts he will not leave California specifically to save on income taxes in the foreseeable future.
"for the foreseeable future I don't see myself leaving the state just to save on income taxes"
California residency (tax reasons)
Pending
Author believes business connections made in California will yield future financial or other benefits that will offset the state income taxes he pays.
"I think I'm going to be able to make up that tax Difference by all the business connections that I get by being in California that will hopefully pay dividends down the line"
Personal finances & business in California
Pending
Author predicts that living in California will keep him top-of-mind for future business opportunities due to networking with entrepreneurs and creators.
"choosing to be in a state with other like-minded entrepreneurs business Founders and even creators down in Los Angeles means that I'll probably be top of Mind in case an opportunity ever presents itself"
Business opportunities in California
Pending
Author predicts he will continue renting rather than buying a home, anticipating a future drop in interest rates.
"I still think my money is better spent just renting while renting is cheap and while I'm waiting for the interest rates to come down"
Housing market
Pending
Author predicts he will not move to another Creator Hub city (like New York, Austin, or Miami) because he is unwilling to invest multiple years into building new relationships and business connections there at his current age.
"I still think it would be a few years of ramping up those relationships especially those business connections and that's just not really something that I'm willing to put the time in or make the effort for at my age"
Geographic move for career/networking
Pending
Author predicts he will not adopt a '6 months + 1 day' residency strategy in another state for tax reasons, particularly if he has a family in the future.
"I just don't think it's worth the hassle of living in another place like what happens if one day I have a family and some kids would I want to live somewhere else for 6 months out of the year just for monetary reasons I don't think so"
Future residency for tax optimization
Pending