A Surprising Way 2 Millennials Fast-Tracked Their Financial Progress

Why one frugal family decided that moving to one of the nation's most expensive cities was the best way for them to get ahead.

(Image credit: (C)Dave and Les Jacobs/Blend Images LLC ((C)Dave and Les Jacobs/Blend Images LLC (Photographer) - [None])

It doesn’t take much Google searching to find out living in a high cost-of-living coastal city hurts the pocketbook. Whether it comes in the form of higher costs at the gas pump, more expensive groceries, or increasingly out-of-reach homes, living in high cost-of-living areas has become, well, increasingly expensive in the past decade.

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Owner, WealthUp

Riley Adams, CPA, is originally from New Orleans but now lives in the San Francisco Bay Area, where he works as a senior financial analyst at Google. He is also the founder of WealthUp, a personal finance website where people of all ages can learn about money, discover their financial selves, and develop the skills they need to grow their nest egg.