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Updated over 15 years ago on . Most recent reply presented by

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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secret to retirement- Part 3

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

This is too short for a blog, but I promised it to Will and a couple others. I mentioned how you can retire and really enjoy life for under 2K per month and golf EVERY day. Here is how you save money(read TAXES & FEES). If you are travelling around as pointed out in part 1 and 2, life is cheap. Here is how to make it cheaper.
If you are RVing or have multiple homes and no one special place, DOMICILE in S. Dakota. On my bio, you'll see that as my residence,,,sort of . I have a drivers license, a local # [REMOVED], an address (on Bio), registered to vote and have been there a few weeks in last 8 years. Why there?
So Dakota loves us and we love it. All 5-10K of us!
1. There is no state income tax
2. Registration and license fees are dirt cheap on my Rig, Viper etc.
3. Medical insurance is about 2nd cheapest in the nation(no stress)
4. Auto insurance is about a third of Ca(guessing) because there is nobody there to run into!

That is why you see snowbirds, winter floridians and winter texans with S. Dakota plates. Trust me, they don't spend much time there. So Dakota loves us. They collect fees from us and we use no roads, don't have kids in school, never call the police or firemen, and never cause trouble!! This is a win-win, just like all our BP real estate deals should be.
This DOMICILE literally saves thousands every year on taxes and fees. There are some great tax saving methods out there if you keep your eyes and ears open. This isn't for everybody, but you could retire with this lifestyle 20 years sooner. This is fun!! Rich in FL.

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Will Barnard
  • Developer
  • Santa Clarita, CA
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Will Barnard
  • Developer
  • Santa Clarita, CA
ModeratorReplied

Again Rich, your genius is spilling out all over BP Nation!

That is hilarious!!!! and probably true! :lol:

If you don't know Rich or this is the first post of his you have read, you had better get to reading more, he has valuable insight wich comes from EXPERIENCE rather than generalizations or hypotheticals!

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