TMBA 695: The Money Theory of Location And Why Employee Scorecards Are So Helpful
Podcast 39:35 | Download | Spotify| Stitcher | iTunes
The ‘Money Theory of Location’ argues that calculating 4x the average salary in the place you choose to live, whether that’s Mexico City, or Bangkok, or New York is a good indication for the amount of money you’ll need to achieve a great standard of living there, and a lot of potential for freedom in your life.
On this week’s show Dan and Ian talk location arbitrage, including their regrets about moving to San Diego and not San Francisco when they were straight out of college:
“There's a little bit of naivete, a lot of naivete, in a 21-year old Dan saying, ‘Just because California is a state with opportunities, because there's a lot of big houses there and stuff, that that means that that has anything to do with you’. You have to decide what you're doing, and how that would align up with that small tribe of people that are doing those things, and where those people are”.
They also offer some thoughts to a listener who has moved his freelancers to full time contracts. He’s seeing some decrease in productivity and is wondering what to do about it.
Listen and learn:
The reasons Dan and Ian wish they’d started out in San Francisco
The ideas behind ‘The Money Theory of Location’
Why young entrepreneurs should head for Thailand
The case for employee scorecards
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Mentioned in the episode:
Before the Exit – Our New Book
Partner With Us
The Dynamite Circle
Dynamite Jobs
Post a Remote Job
Tropical MBA on YouTube
Dynamite Jobs – Remote Recruiting Sales Page
Scaling Up
Traction
Matt Paulson
Simon Truelle
Pangolia
Pieter Levels
Alexander Harling
Jeff Pecaro
Anthony Fasano
Casey Ames
The Dynamite Ventures Employees Scorecard
Enjoyed this podcast? Check out these:
TMBA 688: Mailbag: What Can Scorecards Do For You? And Equity Split Dilemmas
TMBA 674: Going Viral For Saying ‘I Live Better In Thailand Than I Did In The U.S.’
TMBA 679: News Updates + “The Number”
This week’s sponsors:
Don’t Get Held Up While You’re Trying to Scale Up. Experience the ease of remote hiring with dedicated experts by your side. Book a call at https://www.remotefirstrecruiting.com/
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Thanks for listening to our show! We’ll be back next Thursday morning 8AM EST.
Cheers,
Dan & Ian