The Real Reason Americans Are Leaving Portugal: Has the Dream Soured?

666,518
0
Published 2024-03-31
▸▸▸www.365daystofire.com/
We're so excited to announce that enrollment for our 365 Days to F.I.R.E. Program is now open! To learn more, go to: www.365daystofire.com/

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: www.ourrichjourney.com/investingforfire Enroll in our new 21 module, 4-plus hour stock market investing course with more than 30 handouts of summary notes, homework assignments, and resources. Learn how to research and select investments, how to determine your asset allocation, how to rebalance your portfolio, how to optimize your investments for tax purposes, how to automate your investments, and much more (including a 19-page Investment Plan to work on)!

▸▸▸Enroll in our FIRE Master Class: www.ourrichjourney.com/firemasterclass This FIRE Master Class is designed for people interested in pursuing financial independence and retiring early. In the Master Class, we explain how to live off of your investments during early retirement; how to withdraw money from your investment accounts to support your living expenses during retirement; how to calculate your FIRE number; new and creative ways that you can save money; new side hustles for making money; how to invest in the stock market and in real estate; we discuss healthcare options in retirement . . . and MORE!

Books that have helped us on our Financial Independence Journey
-----
The Bogleheads' Guide to Investing: amzn.to/2UjEc4j
The Intelligent Investor: amzn.to/2MKGokh
A Random Walk Down Wall Street: amzn.to/2zIVI8p
The Book on Rental Property Investing: amzn.to/2UkwgQ6
Building Wealth One House at a Time: amzn.to/2ZJQuDW
Rich Dad Poor Dad: amzn.to/2ZD29IK
The Total Money Makeover: amzn.to/2Lc0thn
The $100 Startup: amzn.to/2UnBpqK
Freakonomics: amzn.to/2HCnDeJ

▸▸▸Follow us on Instagram: www.instagram.com/richjourney/
Our Rich Journey – The Real Reason Americans Are Leaving Portugal: Has the Dream Soured?: Portugal has been a popular destination for American expats in recent years, attracting them with its beautiful landscapes, affordable living, and welcoming culture. However, not all expat stories have happy endings. In this video, we explore the reasons we've personally observed behind Americans leaving Portugal. We'll discuss the challenges they face, from bureaucratic hurdles to rising costs and cultural differences. Sometimes, despite the best intentions, things just don't work out as planned. Join us as we uncover the real experiences of those who've lived the dream and faced the reality. Whether you're thinking about moving to Portugal or just curious about the expat experience, this video will provide valuable insights into the complexities of living abroad.

▸▸▸Check out some of our other videos!
Stock Market Is Crashing, So We're Buying This NOW (See Our Top Pick):
   • Stock Market Is Crashing, So We're Bu...  

Oh NO! Interest Rates Are Going Up! | Here's How to Invest in the Stock Market:
   • Oh NO! Interest Rates Are Going Up! |...  

9 Rules We Followed to Become Millionaires in our 30s:
   • 9 Rules We Followed to Become Million...  

Financial Norms Destroying Your Wealth - We Broke Them to Retire at 39 As Millionaires:
   • Financial Norms Destroying Your Wealt...  

Our Top ETF Investments for Dividend Income and High Returns to Retire Early:
   • Our Top ETF Investments for Dividend ...  

Investing in Index Funds for Beginners | Tips & Advice From Millionaire Investors:
   • Investing in Index Funds for Beginner...  

▸▸▸PLEASE SUBSCRIBE:
If you like our video, please make sure to "like" the video and subscribe to our channel. We post one video a week related to our journey towards financial independence, including making money, saving money, and investing money. Make sure to check out all our videos and . . . join the journey!

DISCLAIMER:
We are not financial advisors. Our videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our personal opinions.

#FinancialFreedom #HowToRetireEarly #FinancialIndependenceRetireEarly

All Comments (21)
  • @OurRichJourney
    ▸▸▸ www.365daystofire.com/ Enrollment is now open for our 365 Days to F.I.R.E. Program for 2025 Sign up and get: ◼ Completed F.I.R.E. Plan, Stock Investing Plan, Real Estate Investing Plan, etc. by the end of program ◼ Daily F.I.R.E. Actions ◼ Monthly Live Q&As ◼ Small Accountability Groups ◼ Quarterly Book Club ◼ 3 Meet-ups in Portugal, including a 2-Day Conference with us in Porto! ◼ Private Facebook group ◼ Lifetime access to daily tasks, recorded live Q&As, recorded book club meetings, Facebook group, and resources ◼ Discounted future meetups as 365 Days to F.I.R.E. program alumni ◼ And more! To learn more and enroll NOW, go to: www.365daystofire.com/
  • @jairushendley
    As an American, I find that many times when we move a broad, we don't adapt to the culture. We want all the benefits of the US and none of the negatives of the new country. Life doesn't work that way. To enjoy a new country, you really need to learn the language and the culture. Also, we can complain about bureaucracy etc...but at the same time the US also has it. We just didn't have to experience it, because we were born there. Also, I really dislike the term expats. If we leave US and go to a new country, we are immigrants. The glory days of being special because we are American are over. We have to come to grips with that. If we want to be accepted in a new country, we have to play by there rules...
  • @ruinunes8251
    One very important point to remember is, wherever country you go, respect the country, the culture and the people. If you do all these 3 things you most certainly will be just fine.
  • @rallealyt
    The main question should be: Why are americans leaving the US...?
  • Expat 17 years now. I rarely intermingle with other expats and thats the secret to my success!
  • @chenoweezi
    People don't understand some of these challenges are the same in the US as a foreigner entering....You can't do anything without an SSN but you need a phone, bank account, drivers license etc. You have to roll with the punches, understand and accept the things you have no control over. Pick your battles! Expats always congregate to come and complain about the same topics, every place always has good and bad and if you don't stop to smell the roses you will regret it. Live in the moment, be patient and think about why you left your country of residence.
  • I'm a Portuguese/South African currently living between the Netherlands and South Africa. Portugal is a much softer landing than say the Netherlands. People are way more friendly and accepting of foreigners in Portugal. But culture is always different wherever you go, so learning the language and culture is a must to find some connection. If you're straight out of say the US, then avoid the rural areas, you'll be lost there. If you're looking for good work opportunities and a bump-up in your career then the Netherlands is a great European destination for that. Portugal is an extremely safe and child-centred society. If you are looking for good weather, cheap accommodation and beautiful landscapes then South Africa is your place, but safety and basic services are hugely problematic and getting worse. So hey, in my view pick-your-poisin as there is no perfect place on this planet. Practice humility and gratitude and that will take you far anywhere you go. Muito obrigado e bem apresentado!
  • Good video. Came here for retirement in 2018. Bought a small house in a village and have been there for 6 years. We wanted a quieter life after 30 plus years in nyc. We have been welcomed. All the problems you mentioned are real but your insight into the bad effects of negativity is spot on. One has to move to portugal and embrace it. My wife and I have found the adventure of adopting a new homeland invigorating and satisfying.
  • @tripperm10011972
    I originally was going to retire to Portugal, but chose France instead. I preferred the language and being closer to the rest of Europe. Now, after being in France for the last five months, I've decided to head back to the USA. For me, it is the beurocracy and just how difficult it is to get anything done. I knew this going in, but knowing something and living it are two different things.
  • @JoelGrant-ie4ly
    You are the perfect expat. Seriously, any immigrant that's willing to work hard, learn the customs and culture and language adds to the society that they're adopting. I hope for continued success for you and your family.
  • @luongo7886
    I am Vietnamese living in America and I LOVE Portugal!!! I LOVE the warm, friendly Portuguese people, culture, language, history, DELICIOUS FOOD and society. I want to live among one of the nicest peoples in the world!! VIVA PORTUGAL!!! 😍🥰
  • @mrsmoore4937
    I bet who you havent met in Lisbon, because I never met one in Barcelona... a parent whos burried a child to violence. We left FL after the Marjorie Stoneman Douglas shooting. My daughter was tired of worrying if her school was next. We moved to Spain and everyone gained a level of personal safety that cant be explained to the average American. No a single person says... be safe or call me when you get home or let us know your ok... we just hug eachother, say "love you, see you next week" and at 0100, walk our separate ways home after a night of rooftop tapas and cava. Really an amazingvfeeling to have your 15yo walk out the door to meet friends at a noodle bar across town, and not be on pins and needles until they come back home. All the USD cant replace our babies. I hope we reach a point where we refuse to raise the next class of kindergarteners who have active shooter drills.
  • @mariadaponte2440
    thank you for the post. I am originally from the Azores, came to the US back in 1971 as a very little girl. US Citizen, have loved growing up in the States, but now am going to move back to Portugal for retirement. I want a different quality of life and we find it in Portugal.
  • I think it is essential that those who want to move anywhere should always go and visit a few times. ALWAYS do the homework prior to any major move especially to a different country.
  • Unfortunately the prices in Portugal have been going up which is making it hard for people who are from there and those of us who were born there and have dreamed of retiring there one day.
  • @lifeisgoodjg
    This video is spot on. I got to know my favourite part of Portugal over 14 years. Made connections and friends in advance. Moved in 2023 and hitting all the usual issues re bureaucracy, residency card delays etc. But love it here. The people, the beauty, the climate. Nothing in life is permanent but embrace the adventure. Happiness and positivity come from within
  • It’s the same here in Italy, we too are happy and retired in our slice of paradise one hour out of Roma. We too have a great community of expats that surround us. La vita e bella❤
  • Some Americans are leaving Portugal but others are arriving. The ones that arrive unprepared may not stay, the ones that arrive prepared will probably never leave.
  • @ahazuda2010
    Thanks for this video. I had a good laugh about the expat groups. I lived in Denmark 20 years ago for two years and I specifically avoided expat groups and had only Danish friends at that time. I understand the soft landing concept but these groups are not always what they are cracked up to be. These groups had people I normally wouldn't have hung out with in the US, so I didn't think being abroad would change that...