Ever wonder if your money is ever getting ahead in life? That every time you spend a dollar, why does it feel that everything is so expensive?

Or let me put it another way: why does it feel like your money is being devalued?

That’s simple! The answer is, it is!.

So what devalues money, especially from one state to another? Many things: city and state taxes, inflation, and/or business greed.

The value of your money fluctuates from state to state, coast to coast.

And we on the East Coast know what that means, right? Everything is too high? Or is your money devaluing too fast? Maybe more importantly, for retirement sake, is the value of money going up elsewhere while money is going down in your state? Of course!

The Tax Foundation, a partisan watchdog organization, recently looked at the value of $100 and looked at all 50 states.

I just finished a client income taxes (extension season) and as we went over all her expenses she jokingly said to me, “You know, I would be so much richer if I just moved to Alabama.”

Little did she know how right she is!

Looking at the chart, if she brings $100 to Alabama, her money will automatically increase by almost 17 percent.

Looking at the chart further you can see that only 28 percent of the United States is living at or above what I call “the $100 line.”

So if you want your money to increase to you can save or Invest it. But that only gives you more “devaluation” if you are saving in a devalued place like New York.

So want more money? Move! Alabama? Maybe!
Professor Anthony Rivieccio, MBA PFA is the founder and CEO of The Financial Advisors Group, celebrating its 24th year as a fee-only financial planning firm specializing in solving one’s financial problems. Mr. Rivieccio, a recognized financial expert since 1986, has been featured by many national and local media including: Kiplinger’s Personal Finance, The New York Post, News 12 The Bronx, Bloomberg News Radio, BronxNet Television, the Norwood News, The West Side Manhattan Gazette, Labor Press Magazine, Financial Planning Magazine, WINS 1010 Radio, The Bronx News, thisisthebronx.com and The Bronx Chronicle. Mr. Rivieccio is also currently an Adjunct Professor of Business, Finance & Accounting for both, City University of New York & Monroe College, a Private University. Financial Focus Interactive is now an app and a place where one can: Read, Listen, Watch Talk & Learn about Financial Solutions with like minded people and a live financial advisor. This month we focus on: College Planning. Financial Focus Interactive app can be found on the Google Play Playstore or on or internet app at: https://www.financialfocus.app For financial assistance, Anthony can be reached at (347) 575-5045.