Money Supply and the Money Multiplier. Money, either in the form of currency or as bank reserves, is a liability of the central bank. The central bank controls the monetary base, expanding or contracting it at will, according to the needs of the economy.
Whole life is also more expensive because of the costs of storing and investing your premium money. Unlike term, the money that you put into your whole life policy can be borrowed from the policy if you need it. Term policies only collect enough to cover the cost of your insurance, and have no cash value.
Relocating can be expensive. A new job might sound attractive, but is it worth the effort if living will cost more in the new location? States with a low cost of living offer affordable housing and other services, but still provide jobs that allow you to maximize your quality of life. Of course, just because a place is cheap doesn't mean you want to live there. These 10 U.S. states combine affordability with the arts, nature and other attractions that will allow you to have fun while working toward your goal of financial independence.