Spain vs Portugal: We Lived in Both Countries - Why We Pick Portugal!

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  • Опубліковано 28 вер 2024

КОМЕНТАРІ • 1 тис.

  • @OurRichJourney
    @OurRichJourney  Рік тому +2

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    • @myrealtv7830
      @myrealtv7830 Рік тому

      Hi, which country would you say is better for the real estate investing strategy of buy, hold and rent out for passive income; Spain or Portugal?
      What are the pros and cons of buying investment property in Portugal?
      And what are the pros and cons of buying investment property in Spain?

  • @nunosantos485
    @nunosantos485 2 роки тому +8

    I love when foreigners come to Portugal and speak English with us, because as someone who studied in an English speaking school and has a lot of English friend groups I like being able to speak English in my city. Lisbonite here : )

    • @chrisclarke7828
      @chrisclarke7828 Рік тому

      You are an exception, l lived in Portugal from 1988 until 2 years ago, now l live in Spain, l was racially abused and robbed by Portuguese, either by my company's staff or by various companies that we worked with.

  • @ryc3658
    @ryc3658 3 роки тому +115

    Have you considered making a video discussing the major American and Portuguese taxes that you pay? There doesn’t seem to be many videos explaining how taxation on expats works, both generally and for Portugal specifically

    • @OurRichJourney
      @OurRichJourney  3 роки тому +30

      Thanks for the video suggestion! We also talk about taxes in our course! :)

    • @lcai69
      @lcai69 3 роки тому +5

      @@OurRichJourneydo u still need to pay us tax on your us stock capital gains? How about paying us tax on us rental income? It is clear u don’t need to pay both to Portugal tax, not clear is do u need to pay them to us when u live in Portugal on d7 nhr

    • @scottsorenson1859
      @scottsorenson1859 3 роки тому +10

      @@lcai69 You will always pay US tax no matter where in the world you live. You may be able to deduct the taxes paid in Portugal from your US tax however.

    • @FindingFI
      @FindingFI 3 роки тому +2

      @@scottsorenson1859 in this case would you just pay US federal income/capital gains tax and not state tax since you’re not attached to a US state?

    • @gabrielvaladao5282
      @gabrielvaladao5282 2 роки тому +2

      @@scottsorenson1859 that's crazy. I would just give up on my US citizenship if I were an American. I'm Portuguese and Brazilian (dual citizenship)

  • @catarinareis2403
    @catarinareis2403 3 роки тому +623

    As a native Portuguese, I can confirm everything that was said about Portugal in this video and I feel extremely happy and thankful that you're enjoying it, but Portugal isn't perfect either, so I'm very sorry for any bad experience you've had here.
    For those who just moved to Portugal: welcome to my country, now it's your country too! I hope you like it as much as I do!
    Stay safe ❤

    • @nunoreis001
      @nunoreis001 3 роки тому +3

      true

    • @MMartec
      @MMartec 3 роки тому +3

      I agree with all your words! :)

    • @martimribeiro7538
      @martimribeiro7538 3 роки тому +1

      pedes desculpa porquê? foi culpa tua a má experiencia que eles tiveram? é só eu eu eu...

    • @txicotedasgarinas9767
      @txicotedasgarinas9767 3 роки тому +8

      @@martimribeiro7538 sorry n é só pedir desculpa génio, tmb significa ter pena... Ela está a dizer que se sentirá mal ou com pena, caso eles tenham uma má experiencia

    • @PS-uz4ep
      @PS-uz4ep 3 роки тому +7

      Depois que você falou fico com mais ganas de descouvrir Portugal si Deus quiser depois la pandemia Covid19. Você e tudos som também bem-vindos em Valencia a cidade onde moro em Espanha. Abraçaos a tudos.
      Disculpou por meu nível de português 😅

  • @bmahoney1568
    @bmahoney1568 3 роки тому +142

    I enjoyed this video, never thought I’d Consider being an ex-pat, but I have been becoming more intrigued.

    • @OurRichJourney
      @OurRichJourney  3 роки тому +7

      It's an exciting consideration!!! :) So glad you're enjoying our videos! :)

    • @michaelsmith9308
      @michaelsmith9308 3 роки тому +3

      M2 🙂

    • @mridul7639
      @mridul7639 3 роки тому +5

      I just have to say Americans have no problem being expats, "foreigners" but hate and belittle immigrants. Even though as immigrants we pay double the tuition, higher taxes etc. It's so sad.. everyone is just trying to live a decent life. I'm not targeting you guys but it is the general behavior.

    • @filipepinto641
      @filipepinto641 3 роки тому +14

      Immigrant* Hate when people call poor people immigrants and rich people ex-pats.
      They're both immigrants and both are looking for a better life.

  • @MrRogeriosk8
    @MrRogeriosk8 3 роки тому +64

    You made me proud to be Portuguese

    • @tiagoteixeira1265
      @tiagoteixeira1265 3 роки тому +2

      Thx I m português

    • @RB-uh1ss
      @RB-uh1ss 3 роки тому +3

      I’ve always been SO proud to be Portuguese!!❤️❤️❤️🇵🇹

  • @cheryl5197
    @cheryl5197 3 роки тому +34

    Fantastic Video! I'm a burned-out American Nurse, and my Beloved and I plan on retiring to Spain or Portugal when travel restrictions lift. You have given the confirmation we needed that Portugal would be a much better choice for us! You have a new subscriber!

    • @drewbranch7700
      @drewbranch7700 3 роки тому

      Portugal for sure

    • @santoriniblue8413
      @santoriniblue8413 3 роки тому +1

      If you live on your own funds from your mother country, be it a pension, savings, rent ... both are interesting. You do may get more bang for the buck in PT. If you intend to also work in, either forget it!

    • @joaomelo7018
      @joaomelo7018 3 роки тому +2

      Thank you for your service Cheryl, "American Nurse" is definetely not a job description I envy. Welcome to Portugal :)

    • @1999tiagosanches
      @1999tiagosanches 3 роки тому

      Welcome to 🇵🇹

  • @velwear
    @velwear 3 роки тому +15

    Cool to know. I have been traveling to different countries to search out other places to see what else was all out there. Before covid, I was actually in England 🏴󠁧󠁢󠁥󠁮󠁧󠁿 then left to Belgium 🇧🇪 then afterwards, I went to France 🇫🇷 for a few weeks before returning back to America. I’m actually getting ready to leave again in ‘2021 to Ireland 🇮🇪 and then staying a few weeks in Italy 🇮🇹. So again, I’m just traveling and checking out different places at the moment; but this was good information to know. I am definitely looking forward to moving out of the U.S. for good. Thanks guys! 🙏

  • @danielleharrison4691
    @danielleharrison4691 3 роки тому +6

    Thank you for this video. Grew up in Spain, then we moved back to the UK when I was 12, now 25 and looking to move back but Spain doesn't seem to be the same anymore. Portugal has been looking more appealing and this confirms it!

  • @aeonsophia2085
    @aeonsophia2085 3 роки тому +13

    I'm Spanish and i'll be moving to rural Portugal soon!

    • @Trip4man
      @Trip4man 3 роки тому

      Rural??? Damn... You're brave. If you have any questions let me know hermana. I loved my rural living but.... Well I like the excitement and movement of the city. Okay... And the parties xD

  • @R._L.
    @R._L. 3 роки тому +7

    The comparison between the two Iberican countries is well appreciated.
    As a North-American fan of both cultures, this is definitely welcomed food for thoughts.
    Obrigado, Amon e Christina, por compartilhar a sua perspetiva.

  • @adolfoformoso5043
    @adolfoformoso5043 3 роки тому +2

    Thank you, nice video. I am Brazilian/Portuguese and I like all your informations. I hope the best for your family in Portugal.

  • @FinanceDee
    @FinanceDee 3 роки тому +22

    I would LOVE to live half of the year in the UK and half of the year somewhere like Portugal. I'm dreaming big :)

  • @laurayale369
    @laurayale369 3 роки тому +1

    Excellent choice of topic! Thank you so much. Portugal here I come!

  • @GabGotti3
    @GabGotti3 Рік тому

    Welcome to Portugal my guy and lady. I’m still in America but with Portuguese parents. I plan to be there one day.

  • @solangeboavida226
    @solangeboavida226 3 роки тому +1

    I agree with you guys, I am part Portuguese but grew up in Australia but my transition here has been going well and smoothly so far which is great!!

    • @robster7012
      @robster7012 3 роки тому

      Hi Sammy I hope you are enjoying Portugal.
      I live in the UK and am considering moving to Portugal. I also am considering Australia. Other than the distance and cost of living being expensive in Australia could you please give me some feedback on the two countries? Much appreciated 🙏🏻

  • @marktcoleman
    @marktcoleman 2 роки тому +1

    Excellent analysis, thank you

  • @bonitahill5239
    @bonitahill5239 3 роки тому +5

    Thank you ..... Loved this type of informative vid from you guys 🤓 I can’t wait until am able to Wander the streets of Portugal 🇵🇹....

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      Hi there Bonita! So glad you liked the video! Thanks for watching!!!

  • @gloriapocas3917
    @gloriapocas3917 3 роки тому +2

    Hello you guys just came across your channel. I really enjoy your videos. I'm really impressed with your well rounded knowledge of every aspect of life. I also, like the scenery being from Portugal myself and now living in Massachusetts, I especially appreciate the sights. Thank you and God bless you.

  • @archi_pepper
    @archi_pepper 3 роки тому +221

    I'm happy that you guys are doing great in Portugal and like it here. However, it makes me sad that my country makes life so easy for foreigners and so difficult for portuguese people... :´(

    • @marcind4644
      @marcind4644 3 роки тому +33

      Life is always easier being financially Independent and you can chose from many countries. But at the end both sides will benefit from it, it is good for Portuguese people when your government can attract wealthy foreigners.

    • @shinyshinythings
      @shinyshinythings 3 роки тому +14

      That’s a strong and valid point. Especially with the incredibly high rents in Lisbon.

    • @archi_pepper
      @archi_pepper 3 роки тому +40

      @@marcind4644 Of course is good for the economy. But the average portuguese can't even pay rent anymore and has to live with their parents until they're fifty 0.0

    • @santoriniblue8413
      @santoriniblue8413 3 роки тому +22

      @@archi_pepper When there is a disparity in wealth ... it benefits some and the State, but it backslashes on ordinary citizens who suffer the price rises due to the increase of demand on behalf of those who can put up more money. It happens in Spain and specially in Madrid,'s high end quarters taken by storm by South American élites, specially from Venezuela

    • @tuchevera
      @tuchevera 3 роки тому +28

      Great country to retire, not to work.

  • @elconquistador9921
    @elconquistador9921 3 роки тому

    Great video y'all! I was in Portugal and Spain with my wife in 2019. We were due to go back in 2020 but... Pandemic! I've been glued to the Spain Speaks channel, watching for travel updates! Hahaha

  • @99leadpencils
    @99leadpencils 3 роки тому +1

    This was very helpful! On my FIRE journey I was planning on staying in Canada, but definitely enjoyed hearing other options. Thanks for the informative video!! :)

  • @mavutivepersonalfinancelif5326
    @mavutivepersonalfinancelif5326 3 роки тому +2

    Language is indeed a very important criteria! I'm going to start learning Polish before we move there since the area where we're planning on retiring to isn't a big city.

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      Poland is on our list of places to travel! I hear it's beautiful!!!

  • @elainegrahamedunn8821
    @elainegrahamedunn8821 3 роки тому +13

    Absolutely fascinating. I have lived in Spain, near Sevilla, for 16 years. The bureaucracy still drives me insane. Having to pay official translators to translate documents and use a lawyer to 'hold your hand' through the complex procedures is so frustrating. It is very much 'jobs for the boys' keeping many working in Government and the law in very lucrative employment. I live in a very rural area where the people are lovely, helpful and friendly. But when I was in need and unable to speak the language well, it was very difficult to get assistance in English. Years later, I now have a great network of professionals and my Spanish is much better. I didn’t know a lot of what you covered about Portugal. Makes me wish I had chosen there now! Thank you.

    • @ZZ-kx3pn
      @ZZ-kx3pn 3 роки тому +1

      You can always visit though as you are literally 40 minutes away 🤣

  • @markfairman162
    @markfairman162 2 роки тому +2

    I lived in Southern Spain for 6 years and the level of English was low. I definitely HAD to learn Spanish. Fairly educated people often had little to no English. Contrasted to Portugal the person at the check out had better English than most professional I met in southern Spain.
    In Spain all foreign TV and movies are dubbed while in Portugal they are in original version with subtitles, which I think gives them a distinct advantage when learning English as they are much more familiar with the sounds and context of phrases.
    Spanish bureaucracy was a bit of a nightmare also. It was a lovely place to live until you needed to get something official done. It can be endless forms and lots of different departments and getting various pieces translated.

  • @Olaias1
    @Olaias1 3 роки тому +3

    Exactly our experience! Portugal is great! We love it!

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      Yes Doug and Diana! It's fantastic here, isn't it? :)

  • @perdidonoglobo
    @perdidonoglobo 2 роки тому

    I really enjoyed this video. Have been to Spain and fell in love with it, Barcelona especially. I felt the people were very open and friendly, but maybe because I speak a little Spanish. But after watching this I may have to put Portugal on my list of places to visit. Thanks and all the best to you and your family.

  • @ChrisTovahsAmazingAdventures
    @ChrisTovahsAmazingAdventures 3 роки тому

    We considered Portugal, but decided on Nicaragua. For us one of the biggest deciding factors was wanting to be able to drive there from Canada. Great info guys, we love your videos.

  • @GloryInvestingShow
    @GloryInvestingShow 3 роки тому +3

    Hello family..love you guys..Lisabon is amazing been there 9 years ago!...LIKE SMASHED

    • @OurRichJourney
      @OurRichJourney  3 роки тому +1

      You are so awesome!!! Thank you for smashing the like!!! :)

  • @lesleysmith8300
    @lesleysmith8300 3 роки тому +1

    I am not surprised you choose Portugal. I adore Portugal and it would be my choice without question.

  • @glicmathan1771
    @glicmathan1771 3 роки тому +3

    Excellent information! Portugal is amazing!

  • @ChristopheZ
    @ChristopheZ 2 роки тому

    I know it's an old video....but that Peugeot 205GTI in the beginning is super clean!!! LOL....worth a lot nowadays!!

  • @sergiog2930
    @sergiog2930 3 роки тому +3

    Omg I can not believe that topic of safety I was thinking that yeah indeed Spain was worst but not that bad, thank you very much! PORTUGAL here we Go

    • @jmg3344
      @jmg3344 3 роки тому

      Spain is a very safe country but it went down in the rank because riots and independence issues in Catalunya. Crime in Spain is very low though

  • @raneebethanyson9838
    @raneebethanyson9838 3 роки тому +1

    Love it very informative. I living in the uk planning for my retirement home in Europe. I love my uk home but always want a place in the sun and I love the foods over there especially seafood. I really like Greece, Spain, and Portugal doing my research and will try to travel there often to see how it feel but your vid made my dream home more clear and closer. I got many British friends who living in Spain they love it there but they also warn me about thieves around. They said thieves everywhere, people mostly own dog because of this reason!

  • @conradcastillo9563
    @conradcastillo9563 2 роки тому +1

    I learned Portuguese here in Houston, TX without many people to practice, I think I was able to speak in 6 months. The only difference here in Houston the only school I found was a Brazilian Portuguese School or Brazilian Art Foundation.

    • @oneofthesedays582
      @oneofthesedays582 2 роки тому

      6 months fluently? Not likely unless by your last name I'll guess that you speak Spanish?

  • @JoseCarlos-oe3id
    @JoseCarlos-oe3id 3 роки тому +2

    Hi, the diversity in Portugal is also very great despite being a smaller country than Spain besides that we know how to welcome everyone who comes from abroad, as long as it comes for good, Portugal besides being the 3rd safest country in the world is a country who has more than 144 nationalities living here in Portugal, welcome to Portugal and explore the beauties that Portugal has, but it also has another advantage, if you want to visit Spain it is very close, it is right here on the side and you can always do whatever you want , Best Regards

  • @maf3695
    @maf3695 3 роки тому

    Excellent point on the country being compact compared to being large and spread out. Good luck to you all and the home.

  • @cad5176
    @cad5176 3 роки тому +1

    Utrera! Did you work at Moron Base? We were stationed there for three years but lived in Montequinto which was less than 10 minutes from Sevilla. We miss Spain but love Portugal has our hearts.

  • @saryfeliciano4229
    @saryfeliciano4229 3 роки тому +8

    I love Portugal and Spain. I'm a spanish speaker so I thought Spain will be easier. After watching this video perhaps I just move to the South Portugal and visit Spain as much as I can. 😉

    • @OurRichJourney
      @OurRichJourney  3 роки тому +1

      That's a good option! Really, for anyone that likes both countries, the benefit is that they border each other - so it's easy to visit one if you live in the other country! :)

    • @josecarvalho8186
      @josecarvalho8186 3 роки тому +5

      Forget the language. We all understand Spanish.

    • @DanielPereira-mz2zu
      @DanielPereira-mz2zu 3 роки тому +1

      we were born speaking purtunhol (spanish that is actually portuguese xD)

    • @mariamedeiros3721
      @mariamedeiros3721 3 роки тому +1

      You mustn't worry about learning Portuguese. We all understand Spanish and although we would be elated that you would be trying to communicate in our native language, no one would refuse to aid you or befriend you just because you speak Spanish.

  • @Littlebluhenva
    @Littlebluhenva Рік тому

    Thanks for this info was helpfull sounds like your new home country is better for me to communicate

  • @davidodimayo9265
    @davidodimayo9265 2 роки тому +1

    Amazing video, well done.

  • @jhessgirl
    @jhessgirl 3 роки тому

    I typed in Retire to Spain or Portugal and the Algorithm chooses Our Rich Journey. Come on down for quality information from Our Rich Journey, the Financial Family Wizards. Yeah mon. Thanks again guys.

  • @babymoon2009
    @babymoon2009 3 роки тому

    Hello !! Portugal is beautiful..❤️ and the people are awesome . Best vacation ever… I’ll be here until Sep 17..

  • @bibibachmd9995
    @bibibachmd9995 3 роки тому

    Excellent analysis. Thank you!

  • @ARS757
    @ARS757 3 роки тому +2

    Nice comparison between the two countries. I would lean towards Spain only because I know the language fairly well.

    • @OurRichJourney
      @OurRichJourney  3 роки тому +3

      Yes - I found Spanish to be much easier to learn. BUT, we're determined to learn Portuguese! :)

  • @dvancamp6710
    @dvancamp6710 2 роки тому

    Very good video! Thanks!

  • @edwardsharpe6234
    @edwardsharpe6234 3 роки тому +1

    Thank you. Very informative and helpful. I am considering both countries to retire to from the US and I have never been to either. From my research I would prefer Spain because of the abundance of new homes for sale, but the taxes, even for retirees, seems very burdensome and would take a large part of my pension and social security and 30% of my 401K withdrawals. The 10 year NHR option in Portugal seems to be the better choice. I understand they have recently raised the tax in Portugal for NHR from 0 to 10% but it is still much better than Spain and probably equivalent or slightly higher than what I would pay in income taxes in the US.

  • @anhdeptrai3622
    @anhdeptrai3622 3 роки тому

    You did not mention weather and foods? Those are important too!

  • @Luzitanium
    @Luzitanium 3 роки тому

    get ready to pay one of the highest electricity bills and fuel of Europe, and to pay a lot by just travelling in the country, cost living is almost the same but the wages in spain are a lot higher

  • @emanuelmendez1
    @emanuelmendez1 3 роки тому +5

    Hey guys, great video! I have watched several of your videos because I am considering moving to Portugal with NHR status, but for what I read, there is an exclusion on the NHR for capital gains and I am a day trader, so this can be a deal breaker since I would have to pay full tax. How did you guys handled since you receive money from investments as well?

  • @hussainsaeed9
    @hussainsaeed9 2 роки тому

    Loved your this video

  • @tatianaferreira5998
    @tatianaferreira5998 3 роки тому +1

    Bom vindos a Portugal.

  • @jeannettev5119
    @jeannettev5119 3 роки тому +1

    Yes, when I went to the hospital in spain no one spoke English either. If you don’t speak the language definitely bring a Spanish speaker to the hospital with you.

  • @jameslefleur1970
    @jameslefleur1970 3 роки тому

    Great video. Also if you like both and you settle in one of them, you can drive or take trains between the 2 countries, (or frankly now you have access to all of Europe)

  • @misterspicer
    @misterspicer 3 роки тому +6

    Thank you for the wealth of information! Similarly to you guys, we’re interested in retiring in Portugal and living off our investment portfolio. Question, when you mention taxation from your investments, did you move your brokerage account from a US account to one in Portugal? If not, are you still filing a tax return in the US?

    • @OurRichJourney
      @OurRichJourney  3 роки тому +1

      Thanks Kevin! We're still filing tax returns in the US! :)

  • @duartemonteiro7463
    @duartemonteiro7463 3 роки тому

    I am really, enjoying all the videos you are posting! I really understand sharing the information with people who want to get out of their comfort zone. In my opinion all the states countries, they are really close between them. The taxes, the health care...The only problem is the language!... I hope you're all fine because you are all excellent persons! Congratulations on the channel. 💪💪💪💪😊

  • @kathykaz3027
    @kathykaz3027 3 роки тому +2

    PLEASE PLEASE PLEASE tell me where the spot is at 13:10. I love direct sea access (without sand) which is why my heart is leading to the Canary Islands...but with your guidance, my head is telling me Portugal; please throw my heart a bone by disclosing this location. This video is great. Really what I needed! Would love a more detailed discussion of taxes and how to handle them as an expat.

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      For your heart Kathy! :) The site is Ponta da Piedade (Lagos)! :)

    • @kathykaz3027
      @kathykaz3027 3 роки тому

      @@OurRichJourney THANK YOU SO MUCH!

    • @josecarvalho8186
      @josecarvalho8186 3 роки тому +1

      Many, really many, beaches have direct access.

  • @robertotomas
    @robertotomas 2 роки тому

    not to pile on spain (I love spain!), but you missed a point regarding taxes: wealth tax. Also, different autonomies have additional taxes, and this especially applies with consequence in one of the most popular autonomies, catalunya.

  • @xcolettexx
    @xcolettexx 3 роки тому

    The gap of online Portuguese from Portugal learning materials is slowly being filled. I know Practice Portuguese, they seem to have very good courses, also youtube materials for free :) I'm not using them enough though, happen to be learning on the spot with locals more :D

  • @BluebellStory
    @BluebellStory Місяць тому

    what about the bushfires,is there advise which areas to avoid?

  • @mohammadfadavi2456
    @mohammadfadavi2456 3 роки тому +1

    thank you for your great information and good videos . i follow you and really enjoy becuase im willing to come to portegul in future.the only thing that makes me alittle worry is the way of driving in portegul i have been heard most of them are always in hurry.please talk and inform about it too.good luck.

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      Hi there Mohammad! Actually, we haven't had any problems with the driving. I don't think it's bad - not like other countries! :) Plus, unlike the states, kids can't get a license here in Portugal until they turn 18. In the states, most kids can get a full license by 16. :)

  • @georgeg6036
    @georgeg6036 3 роки тому

    Thank you for the info.

  • @mikehodge5251
    @mikehodge5251 2 роки тому

    Which school did you choose for your kids? Would you have made the same choice if you knew then what you know now?

  • @NibanoTransmontano
    @NibanoTransmontano 3 роки тому +1

    Portugal ofcourse

  • @carpediem4091
    @carpediem4091 3 роки тому

    With "things to do" there's also another thing: you can go from anywhere in Portugal to Spain in a "short" period of time ( even living in the coast of Portugal you're probably always around 2 to 3 hours away from the nearest Spanish border).
    From Porto to Madrid you'll need circa 5 hours by car, for instance.
    ( Obviously that's the same the other way around).
    It's also cheaper to travel by car in Spain. I have friends that live in Braga and to go to Algarve they enter Spain, travel south and enter Portugal again in the southern border.
    Ps: please don't forget that we are in the EU ( many local people here do too). If you want something from another country you can buy it in any european site and have it sent to you. Unless you're in our Islands it's pretty cheap most of the time.

    • @josecarvalho8186
      @josecarvalho8186 3 роки тому +1

      Braga to Algarve via Spain?! A bit insane, isn’t it?! In Portugal is motorway all the way.and quite straight you may save some money on tolls, but waste a lot of time as the trip is much longer.

    • @carpediem4091
      @carpediem4091 3 роки тому

      @@josecarvalho8186 it's cheaper. Obviously it's done to save money ( and to get away from traffic in the summer months).
      My friends live in Braga but have family in Algarve and Alentejo and they do it every time they go down there.
      Aliás fica muito mais barato ir do Porto para Madrid por autoestrada do que do Porto para Lisboa ( been there, done that).
      É um dos motivos pelo qual preferimos utilizar o aeroporto de Madrid do que o de Lisboa sempre que não é possível sair directamente do Porto e qd o voo de ligação fica muito caro.
      Entre portagens e parque de estacionamento não compensa.

  • @ericzoo6342
    @ericzoo6342 Рік тому

    I have lived and earned money in 3rd world and Industrialized countries. Most recently I live on the West Coast and have a great business. The consistent drain on my profits has been "quid-pro-quo". In California it was the Police and Inspectors, Central America again the police, South America it was the local Diamon. I have always understood that it is just the cost of doing business and I prepared for the expense in advance.
    Is this something to be prepared for as an additional cost of doing business in Portugal? When you made improvements on your real estate investments, dealing with contractors, how often did it come about?
    Thx!

  • @ruisilva3099
    @ruisilva3099 3 роки тому +1

    You forgot to mention the food, in this matter Portugal also wins.

  • @RaymondTurkson
    @RaymondTurkson 3 роки тому +2

    This is awesome. Will you guys move again in the future?

    • @OurRichJourney
      @OurRichJourney  3 роки тому +3

      Thanks Raymond! We can never say never (to moving again!). But, right now, we are loving Portugal! :)

    • @RaymondTurkson
      @RaymondTurkson 3 роки тому +2

      @@OurRichJourney So happy for you guys, keep up the great work!

  • @ayitabarackin9992
    @ayitabarackin9992 3 роки тому +1

    Thank You So Much For The Info. I Have Been Thinking Very Hard About Moving To Portugal. I Am Also From The East Coast. I Feel This Is The Time To Move. Never Been To Portugal I'm Thinking About Visiting First. US Has Become Impossible To Live. No Peace. I want To Say Thanks Again .

  • @abbyabroad
    @abbyabroad 2 роки тому

    Sooo...if I speak Spanish, Spain would be a lot easier than for those who don’t, right? And might then be just as good as Portugal?
    I know that you had many other more technical reasons, but the reason you gave healthcare a win to Portugal is because of the English ability, and also with the visa process... while that is very pressing with a family that doesn’t speak Spanish, it does make it sound like speaking Spanish might tilt the scales towards España.

  • @sr4triple7s27
    @sr4triple7s27 3 роки тому +3

    I have a question. I've been in the USA all of my life. Have you ever been to Africa? There are people that say it's good and others say that it's bad. They have 54 Countries. There has to be good ones. I want to go somewhere. I might just travel all over in the future.

    • @OurRichJourney
      @OurRichJourney  3 роки тому +2

      Yes - we've both been to Africa (Morocco). Amon also lived in Nigeria as a child. With any continent - some people will say good things and others will say bad!

    • @sr4triple7s27
      @sr4triple7s27 3 роки тому

      @@OurRichJourney I agree. It's all in how each person feels. Thanks for responding. I respect both of you and your two daughters.

  • @nuritdiy
    @nuritdiy 3 роки тому +1

    I heard that there is a change in the zero tax policy in Portugal. Can you please address that for people who plan to come?

    • @bshocket2181
      @bshocket2181 3 роки тому

      Exactly! The information and implication in the video is no longer correct for anyone applying for NHR (I believe you get the 0% for 10 years only if registered for NHR by March 2020). It is now 10% tax on income. Certain sources are excluded, including government pensions, but Social Security is taxed by PT. Another very controvesial topic is that withdrawals from Roth IRA are considered by PT as taxable income (since PT doesn't have anything like a Roth)!!! This may change in the future, but that seems to be the consensus of the accountants in PT that I've read on the subject. Obviously, due to the tax treaty, income taxes to PT are likely given credit when paying your US taxes. Our Rich Journey, is there any way to modify or amend the video to update the tax issue, to at least say the 0% tax for 10 years is no longer available, 10% is now the new law, and the law is complicated so viewers should consult a PT tax professional?

  • @curtisdavis8594
    @curtisdavis8594 3 роки тому

    Thanks !! Pros vs Cons

  • @mathetem
    @mathetem 3 роки тому

    Would love to visit Portugal one of this good days.

  • @DionTalkFinancialFreedom
    @DionTalkFinancialFreedom Рік тому

    Spending a month in the Algarve.
    Rudest people I’ve ever encountered. And I just spent a week in Gary Indiana lol.

  • @zemundico7913
    @zemundico7913 2 роки тому

    Learning Spanish lets you learn Portuguese at the same time, they are similar languages with same constructions and grammar.
    Ok, there are different words but the etymology is the same.
    And portuguese people perfectly understands spanish people , and vice-versa.

  • @caioborges5530
    @caioborges5530 2 роки тому

    Aproveitem!

  • @dmanakell
    @dmanakell 2 роки тому

    If you guys American citizens, the main disadvantage of Spain is that you gotta renounce your American citizenship if you wanna be a Spanish citizen and take full advantage of the EU community. Spain only allows dual citizenship with former colonies as far as I know.

  • @sherryburton7644
    @sherryburton7644 3 роки тому

    Which finance co do u use for your financial portfolios. In the U. S. , if I may ask?

  • @derekandlindsey-millionair9562
    @derekandlindsey-millionair9562 3 роки тому +6

    Curious why not the US, glad you linked the video, I'll need to watch that now and then come back :)

    • @OurRichJourney
      @OurRichJourney  3 роки тому

      Great! Thanks for watching!!! :)

    • @PennyGetsItTogether
      @PennyGetsItTogether 3 роки тому +6

      🤔 Your question is interesting to me. But, not in a good way. 😏

    • @patrickbarnett6169
      @patrickbarnett6169 3 роки тому

      There is more to life than the US - culture, proximity to travel, history, safety, cost of living.

  • @cousteaufan
    @cousteaufan 2 роки тому

    Hi guys, regarding taxes: aren't American citizens not obliged to pay the IRS the difference in Tax from any benefit they would get from moving abroad compared to the US tax on their income? How do you handle this please? I know all about non habitual resident status, but my question is specificly: aren't holders of an American passport obliged to pay the IRS the difference in income tax compared to the US tax, no matter where they moved abroad? Thanks in advance for taking the time to answer, because this is really important for many people to know the solution to.

  • @wdoering01
    @wdoering01 3 роки тому

    very interesting!

  • @richfrattarelli4294
    @richfrattarelli4294 3 роки тому

    Hello I recently found your channel and am enjoying it. Thank you. One question regarding your tax exempt status, as I understand it that NHR status is only good for 10 years, after which you would be subject to Portuguese income taxes. I ask because my wife and purchased a house in Portugal in Carvahal, the one near Bombarral, just north of Lisbon and are considering moving there at least part time. I am retired from the U.S. military and have a modest pension and am debating how soon to apply for the NHR and starting the 10 year clock. Any insights are greatly appreciated.

  • @jerry2218
    @jerry2218 Рік тому

    You forgot to mention Portugal has Madeira that's another video on it's own.

  • @armeshkatulislam1497
    @armeshkatulislam1497 5 місяців тому

    What do u do for living?

  • @annadegraeve8682
    @annadegraeve8682 3 роки тому

    The yard looks great.

  • @RB-os3tc
    @RB-os3tc 3 роки тому +3

    Portugal is better. Done. 1 sec video.

  • @justbelit
    @justbelit 3 роки тому

    amazing content. can you please improve the audio

  • @morganglenn418
    @morganglenn418 3 роки тому +1

    I'm surprised you guys never thought about retiring in italy.

    • @OurRichJourney
      @OurRichJourney  3 роки тому +1

      No, it's just a personal preference. We've been to Italy, but we never considered that as a place to retire to. :)

    • @morganglenn418
      @morganglenn418 3 роки тому +1

      @@kaylaschregardus4062 thank you I never been there it seems like paradise in pictures. But that how life is in pictures paradise. Thank you for the information.

  • @ertaprogonati5446
    @ertaprogonati5446 Рік тому

    Hi guys, thanks a mil for this video. I've been thinking about moving to Portugal, but taxation was a big deterrent. Both my husband and I are freelancer linguist and none of our income comes from a Portuguese company, does that mean that if we are to relocate there, under NHR we are exempt from taxation? Also, do we have to pay for our social security contribution? Thank you for your time.

  • @sidonio123
    @sidonio123 3 роки тому

    im from portugal and i realli like spain and i find spain more cheaper we all cross the border to shopping in spain . spain is better to make a living and portugal to retired becouse is a smaller country .

  • @Patelking421
    @Patelking421 3 роки тому

    Can you suggests insurance company for middle class family?

  • @growingtoamillion
    @growingtoamillion 3 роки тому

    How do you manage your online portfolios living in Portugal you're usually not allowed to use US platforms etc. Or do you use Portuguese and EU Platforms?

  • @SkywardPalmsSims
    @SkywardPalmsSims 3 роки тому +224

    Didn't realize how privilege we are in Massachusetts to have several Portuguese learning options that include European Portuguese! My parents are planning to retire in Portugal and I've decided I'll move there as well to be close to them so your videos are incredibly helpful!

    • @OurRichJourney
      @OurRichJourney  3 роки тому +9

      Wow! I didn't realize there were so many options in Massachusetts! I think you'll really like it here in Portugal!

    • @pauloalheiro2585
      @pauloalheiro2585 3 роки тому +2

      If you learn Portuguese European you will be able to speak everywhere (it’s the 5th language on the planet...). If you learn brasilian Portuguese- it will be hard to understand it elsewhere that Brasil

    • @pauloalheiro2585
      @pauloalheiro2585 3 роки тому +2

      @@SantiagoS-mz4zz thanks for enlighten me, I am truly grateful. That’s why I love UA-cam and all the smart people around here ( that I can not find anywhere else). Where are you from, btw?

    • @andregoncalves1491
      @andregoncalves1491 3 роки тому +2

      @@gehdochnicht Not quite, brazilians find EU portuguese really hard to understand meanwhile portuguese people understand brazillians

    • @LUSO_
      @LUSO_ 3 роки тому +1

      @@SantiagoS-mz4zz
      Portuguese have that accent just to mess around with the Spanish ... to them don’t understand us 🤣🤣🤣
      I’m joking “hermano” I’m able to communicate and understand all variations of Portuguese or even Castilian/Spanish
      (I have to put Galician in the Portuguese group 🤗)
      Maybe U should try harder, after all we are Iberians brothers🙌🏼
      Saludos ✌🏼

  • @space_rl3534
    @space_rl3534 3 роки тому +362

    Believe me, I’m Portuguese and when I go to Spain , nobody try’s to speak Portuguese if I have some kind of needs, but in the other side, when I find a Spanish tourist in Portugal needing helped, I immediately enter in the “ Portunhol” mode 😃😂

    • @space_rl3534
      @space_rl3534 3 роки тому +16

      @@estebancaballero2004 estamos ablando de Portugal e Espanha...

    • @robertovegas5315
      @robertovegas5315 3 роки тому +6

      Wells, in Brazil nobody speaks spanish ir that's a consolatión...

    • @hugofernandes4778
      @hugofernandes4778 3 роки тому +12

      @@SantiagoS-mz4zz it mostly relates to fact that the sounds in Portuguese make it easier to speak other languages. While Spanish has few sounds..
      Making it difficult to learn even english! Cheers e um queijo!

    • @fiction-bo3if
      @fiction-bo3if 3 роки тому +14

      I don't know where you got the info that portuguese people watch movies in Spanish. Most of us watch them in English with portuguese subs. That could also explain why most people here speak english as opposed to spain, as most if not all of our english content isn't dubbed.

    • @fiction-bo3if
      @fiction-bo3if 3 роки тому +2

      As for spanish television it only applies to a minority of the population, since most of us don't live by the border

  • @killer0178
    @killer0178 3 роки тому +78

    Funny thing, everyone loves living in Portugal, how great it is and all that...the truth is, if you're a foreigner, you come to Portugal and you have earnings from outside, yeah it's a great country to live. But being born in Portugal, growing up in Portugal, getting into the workforce, you suddenly have a huge desire to leave this place. Why? Well here we don't live, we try to survive, wages are insanely low, expenses are high, energy is one of the most expensive in the country, corruption from local and main government are huge, let's not talk about housing and rent for obvious reasons, no prospects of making a career and if you are a freelancer oh boy that is where the "fun" begins. So yeah no wonder most portuguese leave the country with or without univ degrees

    • @Cristina_C7
      @Cristina_C7 3 роки тому +6

      Infelizmente é verdade. Podemos ser um dos países mais seguros do mundo mas em termos de corrupção, e sabemos que há corrupção em todo o lado, devemos ser dos países mais corruptos da Europa. E continuam a votar nos mesmos por isso não se vislumbram mudanças a curto prazo.

    • @iagovar2557
      @iagovar2557 2 роки тому +8

      @@Cristina_C7 Portugal tiene problemas pero no es uno de los países más corruptos de Europa. En Europa hay países donde si te para la policía en un control sabes que hay mucha probabilidad de tener problemas, y que tendrás que sobornarles. Le tienes que dar dinero a los médicos para que te atiendan, o funcionarios de cualquier tipo. Sucede eso en Portugal? Lo dudo.

    • @AngelaPortugal26
      @AngelaPortugal26 2 роки тому +17

      I'm Portuguese living in England, and it's been 10years already. I get emotional when I read the comments. I wish I could return but without a source of income it's not yet possible. ❤️💪 After covid, im finally seeing my family next week, as I was refusing the vaccine.

    • @carieyounginsurance
      @carieyounginsurance 2 роки тому +6

      America - HOLD OUR BEER- seriously life in America has changed a ton in the last year and it’s not going to be retirement friendly for many many individuals and it’s already very hard for the 25-45 age group because of some of the things you said…

    • @The11091976
      @The11091976 2 роки тому

      Não é verdade. Estás a inventar. A Espa é mais corrupta que Portugal

  • @KidBaklava504
    @KidBaklava504 3 роки тому +49

    I visited Portugal back in 2019 and I fell in love with the place. The people, the food, the architecture, the coast.. everything was wonderful. Great infrastructure and easy access from north to south. We spent time in Lisbon and in Faro. Wonderful experience.

  • @Cris-lt3dt
    @Cris-lt3dt 3 роки тому +258

    I'm Spanish and even I consider the idea of moving to Portugal!!
    Seriously, thanks for making this video, because I always wondered how you thought of Portugal versus Spain, and I like the comparisons you've made. I've now been back to Spain for 3 years after living in Asia for 15 years, and while quality of life here is undoubtedly good, but really, taxation and all the political instability and b*llshit makes me desire to pack my bags and move away again. Thanks for your always awesome videos and hope to get to meet you one day in person in Portugal!!!

    • @sn4tx
      @sn4tx 3 роки тому +19

      Portuguese here my hermano. I was actually happy to see this perspective putting our countries so much more close to each other than many people, on both countries, try so hard to differentiate. Portuguese and Spanish, we will always have our rivalries (which basically today translates To Jokes about each other) but in the end of the day we always walk together. And we do have the saying “nuestros hermanos”. We help each other more than we fight. And the Iberian relaxed way of living will always be the envy of other countries. And we have the best holiday destinations in Europe. And the best weather. And we have chorizo

    • @shikov111
      @shikov111 3 роки тому +17

      Taxation, stupid socialist politics and corruption sometimes makes me want to pack my bag and move away from Portugal too. I love my country, I really do. But socialism is not allowing this country to stand up to its potential. The worst part is the hopelessness you get from seeing people always vote for the same people. For the past 47 years the political dispute has always been between the socialists (PS) and the social democrats (PSD) alongside with CDS (which are more coservative social democrats) , followed by the communists (PCP) and, in recent years, the progressists from BE. It really isn't that exciting to live in a country where this is our political scenario.
      Luckily, we are now starting to see some right wing parties gain some attention. We seem to finally have broken through the social democrat bubble and we are starting to see parties that defend economic liberalism which gives me hope. Maybe one day...

    • @XTCyMAN
      @XTCyMAN 3 роки тому +9

      You are right spain is probably in terms of size /population and quality of live the best in the world...or top 10 without any doubt....the problem is the shit of politicians we have here...it is like a circus...but dangerous...in terms of future...

    • @PUGSLTD
      @PUGSLTD 3 роки тому +1

      So agree I'm seriously too thinking about moving from Catalunya to Portugal. My partner is paying so much IRPF and i have real estate in the UK and I'm sure soon I'll have to pay something in spain as they need more money.

    • @amosamwig8394
      @amosamwig8394 3 роки тому

      the heck? these guys are your neigbours XD

  • @ezequielventura2632
    @ezequielventura2632 3 роки тому +64

    I lived in lisbon and Alentejo during 2012, good memories! It is really safe, good food, beautifull places, easy going people! Greetings from Brazil guys, thanks for sharing your journey, great content!

    • @OurRichJourney
      @OurRichJourney  3 роки тому +3

      Hello there Ezequiel (in Brazil)!!! :) Thanks for watching! You summed up Portugal so well! :)

    • @pedrofaria6236
      @pedrofaria6236 3 роки тому +1

      um abraço

    • @uniboxegames8137
      @uniboxegames8137 2 місяці тому

      my grandfather is from Alentejo, yesterday i arrived from Alentejo, and i think you probably already know, people there are really respectfull and love to make conversations with everyone!

  • @mariajoaoavelar7914
    @mariajoaoavelar7914 3 роки тому +45

    Portuguese children learn English (UK) from a small age and start to learn a second foreign language in 7th grade like French or Spanish.
    I lived for a few years in Spain and my biggest mistake was not to learn the language before I get there. The interactions at the bank, health care and even stores were really challenging.

    • @sandrachao72
      @sandrachao72 2 роки тому +1

      En España también, pero se incide en la ortografía y gramática, no en la conversación.