Why do the rich move to Florida?
Why do the rich move to Florida? Florida is where it's at for high-earning millennials. Take one look at income tax rates in New York—and the median cost of a one-bedroom apartment with no natural light—and it's no wonder why people who can afford to are flocking elsewhere. With no state income tax at all, Florida and Texas are the No. 1 and No.
Why do rich people rent?
RentCafe chalked it up to a matter of “comfort and smart investing.” Owning a home can come with more than its fair share of maintenance and costly repairs and upkeep. Then there's the flexibility renting offers one to move from city to city for career opportunities.
What 10 things millionaires do not spend money on?
The 10 things that millionaires typically avoid spending their money on include credit card debt, lottery tickets, expensive cars, impulse purchases, late fees, designer clothes, groceries and household items, luxury housing, entertainment and leisure, and low-interest savings accounts.