standard SL 43 – Jill Gonzalez from WalletHub

 

Jill Gonzalez joins the show today. To talk about WalletHub and where singles might find the best cities to live with Jake Swank.

Key Takeaways
01:12 – WalletHub is finance social network site for consumers to see reviews on personal, and financial companies. Along with data studies to help consumers be aware of their spending.
03:01 – A popular study this year was Most & Least Recession-Recovered Cities. Arizona also was a good place for retirement.
07:23 – WalletHub has not made a best place for singles yet, but there are studies that can point us in the right area.
09:42 – The problem with statistics is that the experience can be completely different in other places, but they are a good way to start the journey.
11:42 – Dating can become an expensive hobby, so it might be good to see where the highest medium starting salary is.
12:40 – Cost of living has definitely rise up in places like DC where equity traders are making money on real estate.
16:37 – Good cities for entrepreneurs to start a business.
19:35 – For more interesting studies and to see where your city might be listed in. Go to http://wallethub.com/edu/

Mentioned in this episode
Safest States to Live In
Best & Worst Cities for Families
Best and Worst Places to Retire
Most & Least Recession-Recovered Cities
Most and Least Politically Engaged States
Best and Worst Foodie Cities for Your Wallet
Best Cities to Start a Business
Best & Worst Cities to Start a Career

Tweetables
After running businesses for so many years in California, I become convince that the State of California didn’t actually want me to employ anybody

 

Jake Swank:
Hey guys, welcome to the Swank Life Show, where we talk about dating, entertainment and lifestyle. This is your host Jake Swank, and we’ve got a great show for you today. Be sure to visit the website at www.swanklife.com. Take advantage of our blog, our special offers; we’ve got all kinds great stuff for you there, to enhance your lifestyle in many many ways. So www.swanklife.com, go check it out.
It’s my pleasure to welcome Jill Gonzalez to the show. She is the spokesperson for http://wallethub/, and WalletHub is a interesting ideal in company, you’ll learn a little bit more about. Jill welcome, how are you?

Jill Gonzalez:
I’m great, thank you so much for having me.

Jake:
Good, so tell us about http://wallethub/ a social network for your wallet, is that the tagline?

Jill:
Yes, that is the ideal, it is a consumer finance social network. So it is a lot like http://yelp/ for restaurants. You can come to this site and see the largest amount of reviews on financial, personal, financial companies, and representative. But then also you can take a look at the other half of our website, which is where we divide these data driven studies, to really help consumers be aware of their spending habits, and kind of how, where they live might affect those habits.

Jake:
Okay, so, let’s talk about Geography, where they live, it’s such an important thing and oddly being from Southern California for most of my life, until three years ago, where I move to Arizona. There’s this funny mentality in California that I think is really unhealthy, I actually hate to admit that I share it for a few years, and that is why would you wanna live anywhere else. And there are so many better places to live oddly then California now, I believe. It’s just amazing when you get into an area where there’s lower costs of living. I just find the whole population is a lot less stressed out, and they’re just more pleasant. [Laughs]

Jill:
Yeah, well, of course, it depends what you’re looking for: if weather is your end all and be all, then maybe California going to be pretty hard to top, I mean Arizona not that far-off.

Jake:
Yeah, eight months of the year, Arizona is the best in the world, if you ask me, but four months it’s not good, [Laughs] and you know which they are. Where are you located, by the way?

Jill:
We are based in Washington, DC.

Jake:
Okay, go ahead with what you were saying, Jill.

Jill:
Right, a lot of times people don’t even realize if Geography is affecting some of these consumer finance topics, and it’s kind of interesting to see where the trend fall, and if they’re a red state or blue state, or if that even matters, if cost of living reduces some of that stress. So that’s what we’ve been looking at and a magnitude of topics on our site, even from the Safest States to Live In, to the Best & Worst Cities for Families. So, it’s interesting, when we break things down for cities, it can really skew all over the country. And that is what’s really cool to see what factors affect people, either wallet wellness or general happiness, and which ones don’t.

Jake:
Okay, so let’s talk about those what states, or not states, but cities, do you think are the good and the bad ones. You do a lot of sort of best and worst, seems like it at http://wallethub/.

Jill:
Right, so that’s of course going to depend on, what exactly we’re looking at. One of our more popular studies this year, were the Most & Least Recession-Recovered Cities that of course, directly effects people’s wallet, and we found a lot of those cities were in Texas. Which I thought was interesting and there’s a lot of the cities there especially the kind of mid-size cities are really growing and have a lot of job opportunities, which is going to help everyone living there. So that was pretty interesting, of course when we did one on Best and Worst Places to Retire and that was a lot of Arizona cities because when you’re retired, and they think older: weather does matter more than it used to.
So you know when we talk to people all over the country, of course they don’t always agree. Hey, whatever matters to you obviously is going to be different for your priorities then strictly data driven studies.

Jake:
Yeah, no question about it, and there’s just a lot of stuff you can’t tell with the data because everything really ends up as to not just a city, but a neighborhood, and the experience can be very different in very different neighborhood. But I did notice in California after living there for so many years, growing up in Los Angeles, living in Orange County as an adult that after a while, the population just was aging so much because there was just very little job creation for young people, and it was a very expensive place to live. So that also made the population skew older, and there’s a complete difference in Arizona; a very very different concept and environment. Any thoughts on that?

Jill:
Yeah, we’ve seen that too, especially when we do–we don’t always break the data up into those demographic unless it’s definitely pertinent. So a couple of weeks ago we look at the states with the highest involvement politically. Most and Least Politically Engaged States.

Jake:
What are those? That’s interesting.
Jill:
Well, that to had a lot of surprises, but in those states like Arizona, you really do see where that age gap comes into play, seventy-five percent of senior citizens are voting, but only fifteen percent of ages, eighteen to twenty-five something like that. But over-all the top five states for being politically engaged were: Massachusetts, Colorado, Minnesota, District of Columbia, which we usually do include in the state analysis, and Wisconsin. So all over the place.

Jake:
Right, very interesting, so did http://wallethub/ come up with a best places for singles to live?

Jill:
We haven’t yet, but we a few studies that can point us in the right direction; So, we can take a look at them definitely. I picked out the Best and Worst Foodie Cities for Your Wallet.

Jake:
Yeah, well, let’s do that.

Jill:
And the Best & Worst Cities for Recreation because a lot of dates can point towards recreation, or at least some nice atmospheres, and they did actually have a couple of over lapse. So as far as the foodie study went we saw that: Orlando, Grand Rapids, and Madison, were the best foodie cities for your wallet, and around the board they had a lot of affordable four-star restaurants lots of coffee shops per capita. So that’s conducive to maybe some casual dates. And then the lowest average beer and wine prices in America [Laughs] which that matters, as far as a six pack of beer: Omaha was the cheapest at around seven dollars.

Jake:
[Laughs] Okay, where are those?

Jill:
And then in Indianapolis, an average bottle of wine costs four dollars and twenty-four cents.
Jake:
[Laughs] Wow, it’s not Two-Buck Chuck, but it’s close.

Jill:
Right, it’s close, it’s the job done, right.

Jake:
Yeah, okay, tell us more.

Jill:
And then as far as recreation: Orlando came up again as one of the best cities for recreation on the cheap, Omaha too had great park for maybe picnic dates, or nice little scroll. And then there’s a lot little fun tit-bits on popular date night spots across the country, bowling dates, I don’t know if you’re a fan of them, I find them a little embarrassing; cause I’m bad at bowling, [Laughs] but the lower the bowling costs were in Buffalo, NY at two dollars, seventy-nine cent a game.

Jake:
That’s okay, I guess.

Jill:
So, we know in DC, it’s like thirty dollars a game.

Jake:
Right, right, so see let’s the problem with [Laughs] studies like this, is that the experience is completely different in DC versus Buffalo, right? Because in DC you probably have the sort of swanky new breed of bowling alleys that look like night clubs, and in Buffalo probably the old fashioned bowling alleys from 1961 [Laughs] that haven’t been remodeled, and they serve popcorn, and pizza; and so it’s very different. And the same thing is true I assume with the wine in Indianapolis versus Napa, California, right? You have more wine connoisseurs in one place versus the other, they’re just ordering more expensive product, it’s not like you’re getting the same product for that price. Yeah it’s interesting, and this is the stuff that the statistics are very hard to correct for, and that’s why studies are interesting; they’re a good guide, but they’re definitely not the experience. Like the old saying, “The map is not the territory” Right?

Jill:
Exactly, and since we are a financial based website, we do like to take a look at how things are, developing across the country, how much is this there, how much is that here, and then we look at definitely in the quantities too, of certain venues or places, like Scottdale for instance, are you close to Scottdale?

Jake:
Yeah, I love Scottdale, it’s great.

Jill:
So, per capita that actually had the most music venues, so if you’re either at a concert and meeting singles, or dating around, and going to music venues in Scottdale, it’s definitely a great option for you.

Jake:
Great food too, it was rank by one survey I saw, is the number three foodie city in the country behind San Francisco, and New York; so it depends on who’s doing the study, of course.

Jill:
Yes, ours was foodie on a budget, so maybe not the same. And then the most attraction per capita, no surprise at all was Las Vegas. I think that probably the best city for most single people, or of course a bachelor party or two. But since dating can definitely become an expensive hobby. It might be nice to know which cities has the highest medium starting salary, and those were San Jose at around sixty-thousand dollars a year, DC around fifty-five-thousand, and San Francisco around fifty-thousand dollars a year, at least if you are living in one those cities, I mean they’re more expensive cities anyway, but you have little cushion to maybe take someone out on some nicer dates.

Jake:
Yeah, not much though because, what happens the cost of living in San Jose, or San Francisco, and even DC now has gotten very expensive since the Government has expanded so much in the last six, seven years; but pushing up prices in DC dramatically. DC used to be not that expensive, I used to look at Washington, DC versus New York and think, “Gosh DC is kind of a bargain” but now DC is pricey it’s becoming a pricey market. But it’s just that ratio gets so out of sink, to live in San Jose, or San Fancisco is massively expensive. I much rather have a starting salary of forty-five-thousand dollars a year in say Phoenix versus sixty-thousand in San Jose, you’ll live much better in Phoenix, it’s just a massive difference in cost of living; but that’s always the way it is. And what you get in those areas, is you usually get what I call equity traders where people have been in that place for a long time and they’ve made money on their real estate. This was how it was in Southern California certainly where I lived the vast majority of my life, where they could afford to stay in the game because they purchase a house when they were twenty-five, and so all their life, by the time they’re forty they’ve just been trading equity, and that all maintain some degree of relativity, so they could have afford to lived there. But new entrance coming in to place like that; just very difficult for them. Any thoughts on that?

Jill:
I agree, I’m right here in DC and it just got voted, just surpass San Francisco as the most expensive place to live right now.

Jake:
Wow, more? Oh, my gosh! I didn’t know it got that bad there, wow, that’s amazing.

Jill:
Yeah, that’s going to be: rent prices, housing prices, transportation prices, and of course, a night out is not going to be cheap here.

Jake:
I am surprised, I didn’t know that it got that expensive, but it’s really understandable because, we’ll call it the Government bailout complex ever since the Government started increasing in size, it’s just attracts so many people to DC, and you just saw prices go up dramatically. It became the new capital of the world to get money, just go to DC, [Laughs] and there’s your money, [Laughs] and so that drove up the real estate prices quite a bit, and the cost of real estate effects everything, and I mean everything gets more expensive when the real estate gets more expensive; it trickles right down to the price of your cup of coffee at the coffee shop.

Jill:
Oh yeah, I believe it. Everything here is noticeably expensive. I’ve actually moved here from New York, and yes, I was definitely surprised, I moved right before that study came out [Laughs] that DC had gotten to be the most expensive.

Jake:
Well, maybe you captured it a little early, but go ahead, I’m sorry.

Jill:
You see it everywhere, when you get your paycheck and your taxes are taking out, you see it, like you said when you’re at a Starbucks, drinking the same Starbucks [Laughs] I was just drinking a few hours North of here. You know?

Jake:
Yeah, very interesting, well, any other surveys, or concepts, you want people to know from http://wallethub/?

Jill:
Well, it really depends, if what you’re looking, if you’re looking to totally start over then go to our Best & Worst Cities to Start a Career, if you’re an entrepreneur we have one on the Best Cities to Start a Business.

Jake:
Oh that’s a good one, tell us about that one real quickly before you go.

Jill:
Sure, we really look at things that entrepreneurs concerned about, and they look at things differently than a lot of people might real realize. To you or me the best working hours might be: oh, I can work seven hours a day here instead of eight, I can work less than forty hours a week. Entrepreneurs see the exact opposite, they want to get the most out of their workers for every week; and things like that. So the top five cities to start a business are: Jacksonville; Florida, Fayetteville; North Carolina, Augusta; Georgia, Jackson; Mississippi, Memphis; Tennessee

Jake:
Okay, say those again.

Jill:
Jacksonville; FL, Fayetteville; NC, Augusta; GA, Jackson; MS, Memphis; TN.

Jake:
Okay, Jackson, MS was just in another article I saw that was pretty interesting study of demographic based on male and female ratios, and married versus singles, and Jackson, MS was actually the best city in the county for males to find a female, if they were between the ages of twenty and twenty-nine; I thought that was pretty interesting. But some those on your survey are kind of surprising, like I wouldn’t think of Augusta necessary as being super entrepreneurial place. It’s interesting, anymore?

Jill:
Yeah, we’ve looked at most opportunities for: small business lending, the lowest cost of living, the longest average work day; as I was saying before, the cheapest office space, and of course, employees availability.

Jake:
Yeah, very interesting, and I assume, of course, entrepreneurs that regulatory environment would be hugely important, and it’s interesting that California is not on that list, because it’s [Laughs] just too over regulate. I guess.

Jill:
Exactly.

Jake:
After running businesses for so many years in California, I become, Jill, convince that the State of California didn’t actually want me to employ anybody. [Laughs]

Jill:
Wow.

Jake:
It was just, they just put up every roadblock that they possible can. It’s amazing.

Jill:
Yeah, the highest California city on the list of is actually San Bernardino at fifty-six.

Jake:
Highest? meaning what? What does fifty-six mean? What is that?

Jill:
So, there is one hundred and fifty cities on the list, and the highest rank is the best ranked California cities for entrepreneurs was at number fifty-six with San Bernardino.

Jake:
Wow, that is really interesting, surprising, very good, well, give out your website. Tell people where they can learn more, and I know you got a specific link not just http://wallethub/, but a specific link you might want to give to some of these interesting studies, surveys.

Jill:
Definitely, anyone can head over to http://wallethub.com/edu/, like education, and that’s where they’ll find all of these studies that we talked about, some that we didn’t even get to mention, and just really helpful stuff for consumers out there, who either want to save money, or wondering why they aren’t. See where your cities stack on some of these lists.

Jake:
Good stuff, and I just want to make sure people don’t get mix up the domain name it’s http://wallethub.com/edu/. So Jill Gonzalez, thank you so much for joining us today.

Jill:
Anytime, thank you.

Outro:
This show is produce by the Hartman Media company, all right reserved. For publication rights and media interviews, please visit www.hartmanmedia.com or email media@hartmanmedia.com. This show is for entertainment purposes only, and should not be considered personal or professional advice. Please consult an appropriate professional, if you require individualized advice. Opinions of guests are their own and the host is acting on behalf of the Hartman Media company company, exclusively.

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