Can we afford to move to Sicily?

hi guys and welcome back to our Channel I'm Diana I'm Joe we are the Sicily Adventure So today we're going to talk about how we are able to move to Italy if we even can if it's possible we've been there six times and Italy is way cheaper than the US yes so one of the ways is housing the house for binds in a small Beach town about 6,500 people on the top floor uh rehab remodel purchase everything we're looking at probably about 75,000 for the house it's small but it's all we need yeah yeah it' be plenty for us great views of the sea and that's the main thing what we was looking for yeah food's cheaper over there yeah in the grocery stores for sure sure mhm yep um multiple examples I could give you um bottle of water is cheaper a tomato paste the pasta and also when you see a price that's what you pay yeah uh the taxes people say well tax is higher over there which it is but it's built into the price so and it the prices are still cheaper than what we pay here mhm yeah yeah we're going to get great Italian pasta for the price of Great Value yeah restaurants there's no tipping yeah and that can be a big money saver if [Music] you're you know over there you could go get a five course meal and you could spend $100 well they have a Certo which they charge you uh it's basically built into tip it's usually 1 or2 per person but that's still a lot cheaper than 15 20% on a $100 tip the Tipping culture here has just gotten out of control which over there their waiters and stuff is like a career it's a profession that they have so they're paid accordingly mhm yeah and cell phones we bought a cell phone while we was over there and got a cell phone plan I don't remember all the details of uh what all we got as far as but it's equivalent to what we have on our plan here and I went with the more expensive one so I could have 5G M and it's $10 a month yeah and your new cell phone was $200 yeah it's nice just to pay for the cell phone and and it's a nice cell phone it's not a Apple or Samsung but it's basically the same thing takes great pictures yeah so probably Point number two of how we're able to do this is through citizenship my great-grandparents came from Sicily and were able to get citizenship through the blood which allows us to stay there fulltime and with that we get health insurance m y so we couldn't afford medical health insurance here if we were going to retire at 55 yeah so that's going to be over there they do have some Private health care you could pay for and there's other options but that's I mean if you're talking how are we able to do that that is one cuz how many people do you know that say oh I'd like to retire but I need healthc care and it's just a shame in the United States to me that it's yeah so costly so that's how we're able to do it number three our finances yeah so that's probably the big question everybody has well how are you going to do that where are you getting the money are you going to work are you going to you know how are you going to live that would be the question I would have for someone yeah since we didn't um win the lottery yeah unfortunately which you'd have to play it to win it but and that's you know one way is we're Frugal we don't spend our money on stuff like that yeah lottery tickets movies theaters casinos we don't do that kind of stuff yeah we're I guess pretty boring but it's got us to our dream and like to us entertainment is a good meal yeah yeah we're we're Foodies so that's another reason we want Italy so uh one of the ways is the housing market we bought this house 8 years ago and we probably put 50,000 in it that 8 years we've added on totally remodeled I did most of the work on it we I subed some of it out and the the housing boom here we're getting 125% more than what we paid for the house MH so you know we're getting one and almost half times more and we paid down on it we didn't have owe a whole lot so the equity in the house is one of the big big reasons how mhm yeah you know selling everything is our next um topic we have to get on that right away um we've sold his truck we're going to be selling furniture and yeah so selling my business all the truck trailers tools liquidating that uh the money from that is what we'll be living on MH I did receive my mother died a couple years ago a small inheritance from her which helps U you know we had a five plus year plan of how we was going to do this and with the housing market and some other things it's just it's sped it up so that's how we're able to do it earlier yep we're planning on living on about $2,500 a month mhm uh so with the money that we have uh we plan on invest in it and drawing simple interest and you know pulling the 2500 out a month hopefully it's going to last us until we hit retirement age and then we'll be able to get our IRAs and 401s and and get Social Security then mhm yep and so that's the plan how we're going to uh hopefully get by and live until we hit retirement age and we can draw some security let you never know we get over there and some of you guys want to come visit maybe we'll do tours or we can pick you up at the airport who knows we might do something to make some money so that's our plan on how we're able to move to Sicily yep stay tuned stay tuned and uh please like And subscribe and follow along and uh follow our journey

Channel: the Sicily Adventure

Views: 4,010

Keywords:

Id: 73HASz_9gZs

Length: 7min 41sec (461 seconds)

Published: Mon Apr 01 2024