Portugal Monthly Expenses Breakdown: Healthcare, Rent, Food | EARLY RETIREMENT (Episode 2 – October Recap)

by | Mar 15, 2024 | Fidelity IRA | 2 comments

Portugal Monthly Expenses Breakdown: Healthcare, Rent, Food | EARLY RETIREMENT (Episode 2 – October Recap)




▸▸▸Enroll in our 365 Days to F.I.R.E. Program! – Enrollment is now open for our class of 2024, 365 Days to F.I.R.E. program! As part of the program, you will get to attend our 2024 meetups in Portugal (with more than 500 people attending the meetups this year!), get assigned daily FIRE tasks to complete, participate in live monthly Q&A sessions with us, be broken into smaller accountability groups with other people in the program, attend quarterly book club meetings, get personal coaching from us (for those in the coaching plan) . . . and more!!! Enroll today!

▸▸▸Enroll in our How to Move to Portugal Course: A Step-By-Step Course to Relocating and Living in Portugal: This course is designed for people interested in moving to Portugal. In the course, we explain the visa process, the documents you need to submit for your application, and the step-by-step process that we took to obtain our visas; we explain the residency permit process and how we obtained our residence permit here in Portugal; we explain the process for buying and renting a house in Portugal; we discuss healthcare, school options, and setting up NIFs, we explain taxes here in Portugal, and MORE!

▸▸▸Enroll in our FIRE Master Class: 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!

See also  Greg F. Thanks His Mentor Matt From Fidelity Investments

▸▸▸Enroll in our Stock Market Investing Course for Financial Independence and Retiring Early: 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)!

▸▸▸Follow us on Instagram:

Our Rich Journey – Portugal Monthly Expenses – Healthcare, Rent, Food . . . | EARLY RETIREMENT (Ep 2. October Recap): Ever wonder how much it costs to retire and/or live in Portugal? In this video, we break down all of our expenses in Lisbon, Portugal for the month of October. We go over our cost of rent (for a 3 BD, 2BA apartment in the heart of the city), water, gas & electric, healthcare, dental costs, groceries, dining out, cell phones, internet, cable, hair cuts, school costs for our daughters, gym memberships, sports clubs, going to the movies and more! 🙂 Thanks for watching!

▸▸▸Check out some of our other videos!
How to Live Off Investments & Retire Early | Our Seven Account Strategy for Financial Independence:

We Retired Early in Portugal | SEE OUR MINIMALIST HOME:

Accessing Retirement Accounts Early | Roth IRA Conversion Ladder Explained | Early Retirement Hack:

▸▸▸PLEASE SUBSCRIBE:
If you like our video, please make sure to “like” the video and subscribe to our channel. We post two videos 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!

See also  Millionaire Investors Share Tips & Advice on Index Fund Investments for Beginners

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.

#Lisbon #Portugal #FinancialIndependence…(read more)


LEARN MORE ABOUT: IRA Accounts

CONVERT IRA TO GOLD: Gold IRA Account

CONVERT IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA


In the second episode of our early retirement series, we are diving into the monthly expenses of living in Portugal. From healthcare to rent to food, we will break down the costs of living in this beautiful European country.

Healthcare in Portugal is known for being high quality and affordable. The country has a universal healthcare system that is available to all residents and is funded by taxes. For those who are not eligible for the public healthcare system, there are also private health insurance options available. The cost of healthcare in Portugal is much lower compared to many other countries, making it an attractive destination for retirees looking to stretch their retirement funds.

See also  Only 2 Years Away from Retirement? Take Action TODAY!

Rent in Portugal can vary depending on location and the size of the property. In major cities like Lisbon and Porto, the cost of rent can be higher compared to smaller towns and villages. On average, a one-bedroom apartment in the city center can range from €600 to €900 per month, while a three-bedroom apartment can cost between €1,200 to €1,800 per month. For those looking to save money on rent, living outside of the city centers can be a more affordable option.

Food expenses in Portugal are also relatively low compared to other European countries. A meal at a mid-range restaurant can cost around €10 to €15, while groceries for a week can total around €50 to €70 for a couple. Fresh produce, bread, and seafood are abundant and affordable in Portugal, making it easy to enjoy a healthy and delicious diet without breaking the bank.

Overall, living in Portugal can be a cost-effective option for retirees looking to enjoy a high quality of life on a lower budget. From affordable healthcare to reasonable rent prices and delicious food options, Portugal offers a comfortable and affordable lifestyle for those looking to retire early. Stay tuned for more insights and tips on early retirement in our upcoming episodes.

Truth about Gold
You May Also Like

2 Comments

  1. @OurRichJourney

    ▸▸▸ https://www.365daystofire.com/
    Enrollment is now open for our 365 Days to F.I.R.E. Program

    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
    ◼ 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, for the Plus Coaching Option
    ◼ All of the above AND
    ◼ 365 days of email support: Email us your questions throughout all of 2024! We’ll answer your individual questions!
    ◼ Monthly Plan Reviews – Send us your baseline plan, stock investing plan, real estate investing plan, saving money plan . . . each plan you work on each month(!!!!) and we’ll send you our feedback!
    ◼ Additional invites (to bring additional guests) to our meetups on Portugal!

    To learn more and enroll NOW, go to: https://www.365daystofire.com/

  2. @chrisdudley6583

    When you purchased private insurance, did you buy it in Europe or in the US? Any recommendations?

U.S. National Debt

The current U.S. national debt:
$35,866,603,223,541

Source

ben stein recessions & depressions

Retirement Age Calculator

  Original Size