OUR MINI-INTRO :)
In this Our Rich Journey video, we discuss the costs of living and retiring abroad in Portugal and Thailand. Did you know that the average American couple currently needs $3,300 a month to retire in the United States . . . and that’s just the average – many people need much, much more! To retire with $3,300 a month, a couple would need to have at least one million dollars in investments.
WHAT’S THE PROBLEM?
The problem is that most people aren’t able to save and invest one million dollars. So, what can someone do if they can’t afford to save the money necessary to retire in the United States? Alternatively, what can someone do if they can save one million dollars but they want to stretch their dollar even further? We discuss the solution to these questions in this video.
IN THIS VIDEO . . .
In this video, we discuss the benefits of retiring abroad and we discuss two great places (Portugal and Thailand) to retire. We also give a break down of the costs for retiring in Portugal and Thailand. Spoiler alert – they’re both well under the average American cost of retiring in the United States!!!
WHAT YOU CAN DO:
If you haven’t ever thought about the possibility of retiring abroad, we urge you to consider it. You might not be interested in the Thailand or Portugal, but this video is really to get you thinking about the possibility of retiring abroad. If you’re considering retiring in another country abroad, shoot us a comment below. We would love to hear about it!
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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!
Check out some of our other Our Rich Journey videos:
How We Saved $10,000 on a Vacation to Europe by Travel Hacking: https://youtu.be/cmO3Hb-cLB8
How to Teach Kids About Money: https://youtu.be/aGUOM5ZObOw
Family Lives Rent Free for Ten Years: https://youtu.be/rEq1U5-BKd0
Kid Explains Stock Market In One Minute: https://youtu.be/VI8eqytjo5U
See How You Can Retire Early - Simple Math of Early Retirement: https://youtu.be/oxGlrjVM09Q
Kid Explains Investing in One Minute: https://youtu.be/BaJz5UFmkk8
How to Make Money - 8 Side Hustles You Can Start Today: https://youtu.be/xS92Wzv0bJ0
Kid Explains Mutual Funds in One Minute: https://youtu.be/VEKjaAFDXgo
Working Abroad - Top Five Companies Always Hiring: https://youtu.be/C9-iyt6PdiY
Kid Explains Certificate of Deposits in One Minute: https://youtu.be/UzleEp8Ogfs
How to Invest in Real Estate with Little or No Money Down - 5 Creative Ways to Invest: https://youtu.be/bZCPzcLKARY
Kid Explains Brokerage Accounts in One Minute: https://youtu.be/y1sQBJj0vVY
Kid Explains 401(k) in One Minute: https://youtu.be/q0U13kNkZao