Geography can definitely play a role when you’re trying to find the best places to make money. Even though it’s not as much of a factor as it used to be, there’s still something to be said for the mantra of location, location, location, especially when you’re trying to focus on financial goals.
There are a few different ways you can look at picking the best place to try and increase your income. You can try to live in the cities where salaries are the highest. You can find someplace that group co-working areas exist to supercharge your earning potential. You can look into remote work to improve your finances. And you can aim for a specific niche in a location, and then run with that concept.
If you have some freedom to move, why not go to where salaries are the highest? Find the city with the highest paycheck possibilities, and then figure out how to navigate yourself in that direction. The concept of following the money will often take you to centers of technology and culture. Depending on what your industrial persuasion is, this can be one of the best decisions that you make trying to get a brighter financial future.
Group Co-working Areas
If you’re trying to make money based on the concept of location, it might be that you want to find a co-working space that suits your needs. Rather than paying the rent for an office space that is dull and uncreative, if you and your co-workers find a place in a restaurant, bar, or diner that also works as a workspace, then you getting the best of all worlds. This is a relatively new concept, but one that is becoming very popular in certain circles.
Then there is always the idea of getting a remote job. This is the opposite of being constrained by location. Instead, it means that you can make more money simply by offering yourself up in a way that allows you to work anywhere. As long as you have an Internet connection and a computer, you can do all kinds of dynamic remote work for employers all around the world.
Finding a Niche and Running With It
A final way that you can use location in a manner that improves your economic circumstances is by looking for a niche that you can fulfill. If you know that a particular area needs a yoga instructor for example, then you simply move to that place and open up a yoga shop. The same goes for any need that you find in a specific situation. Go to a small town and see what people there are asking for, and then fulfill that need. This way you don’t have any intrinsic competition that’s getting in the way of your financial success.