Geographic arbitrage: $12K vs $58K school fees
Scott Galloway moved to Florida partly because private school tuition there cost $12,000–$14,000 a year versus up to $58,000 in New York City.
Snapshot · The Prof G Pod with Scott Galloway
How to Build Wealth on Less Than $60K a Year + Investing for Retirement Income (ft. Nick Maggiulli)
Explore episode
Jul 1, 2026
Where this was said
Q3: Young Family with Two Kids — Invest Now or Wait?
At 20:30 · chapter starts 19:18
The final listener question is the most emotionally charged. A couple in their early 40s has relocated to a lower-cost state to be near family, has some part-time childcare and a small savings base, and expects to inherit a house within ten years. They ask whether to keep investing or hunker down. Nick Maggiulli immediately reframes the inheritance question as a personal one: do they actually want to live in that house? Scott Galloway takes a different, more personal angle. He describes having made what amounts to the same geographic arbitrage move himself — relocating to Florida, where private school fees ran $12,000–$14,000 per year versus $58,000 in New York City [1] — Scott Galloway "Moving to a lower-cost state can slash expenses dramatically — Scott's school fees dropped from $58K to $12K a year in Florida. But the big…" 20:00 . But his deeper point is about partner alignment. He recounts working obsessively when his children were young, acknowledging it strained his relationship and meant less time with his kids — a cost he accepted because he and his partner were explicitly aligned on the goal. He points to evidence that daughters earn more when they see their mothers working, adding a gentle nudge toward two-income households. The overall prescription: do the math on what you want, get explicit alignment with your partner on the trade-offs, and then automate savings to match those commitments.
Geographic Arbitrage and Family Alignment for Young Families
Moving to a lower-cost state can slash expenses dramatically — Scott's school fees dropped from $58K to $12K a year in Florida. But the bigger priority is getting aligned with your partner on earning, saving, and the real trade-offs.
Nick's Personal Housing Strategy: Oversaving in T-Bills
With mortgage rates at 6.5–7%, Nick Maggiulli is deliberately oversaving in Treasury bills rather than borrowing. His plan: buy with a large down payment or cash in a few years rather than lock in a painful rate.
Similar snapshots
Kierkegaard coined 'anxiety' 60+ years before Freud
Kierkegaard's concept of anxiety as 'the dizziness of freedom' predates Freud's psychological framework by roughly 60 years, yet modern research has since validated his core claims about commitment and identity.
Americans gained 24 extra hours/month alone (2003–2020)
Between 2003 and 2020, Americans accumulated roughly 24 extra hours per month spent alone — the equivalent of a part-time job's worth of isolation, and that's before the pandemic.
Median marriage age rose 6–8 years per gender since 1970s
Median age at first marriage climbed from 21 (women) and 23 (men) in the 1970s to nearly 29 (women) and 30 (men) today — a rise of 6–8 years per gender, extending the 'emerging adulthood' liminal phase.
SF average rent up 18% in 2 years
San Francisco's average rent rose 18% over the past two years to $3,728/month, surpassing New York City as the most expensive rental market in the country.
SF average rent: $3,728/month
San Francisco's average monthly rent now stands at $3,728, surpassing New York City to become the most expensive rental city in the United States.
Bobby walked 7 miles with dicks drawn on face
At a childhood sleepover, Bobby Lee's friends drew penises on his face and he walked 7 miles home on a dirt road before being picked up by Eric Purvis's mom.
World poverty: 60% in 1950 vs 10% today
In 1950, about 60% of the world lived in extreme poverty; today it's about 1 in 10, attributable to capitalist economic growth.
6M US children fell into poverty 2021–24
From 2021 to 2024, 6 million children fell below the poverty line in the US after the expanded child tax credit expired.
Private adoption costs $40,000–$70,000
Private domestic infant and international adoptions typically cost $40,000 to $70,000, while foster care adoption is the most affordable route at $0 to $2,000.
