Good evening FI community! I have been strongly considering uprooting from my home state (California) and moving to another western state and starting my own personal welding/fabrication business. I’m currently making $180-210k annually as a pipe welder in California working far more than 40 hours a week for an employer. My base bills are 48k annually. I have $235k in 401k and $165k in Vanguard. I have around $400k in equity in my house. So with all that on the table, if I were to sell my house and purchase/build a home in another state, would it be a better option for me to keep the equity and invest it and then finance the new property? I like the idea of having an available cushion while I pursue my new endeavor, but also the thought of owning my house and not having a house payment is also appealing. I’m sure there is some financial science behind the right decision and would love to hear many points of views on my scenario and if you’ve consider or made a big change for your own personal happiness and how it payed off.... or didn’t. I’m not
married and have no children and I’m 29 years old. I would like to raise a family, but under the right circumstances and in the right area.
married and have no children and I’m 29 years old. I would like to raise a family, but under the right circumstances and in the right area.
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