British expats: Couple detail retirement expat life and passive income idea funding them | Travel News | Travel
Norm and Tina spoke with Express.co.uk about they fund a retirement many dream of. Retiring at 60 and 58 respectively, the pair have enjoyed a lifestyle full of adventure.
They explained how they fund their retirement, using a clever passive income idea based on their skills and lifestyle.
Norm and Tina, who run the YouTube channel This Is Our Retirement, with 45.5 subscribers, sold their home as part of their plan to fund retirement.
“We always knew in our marriage that we would sell our house to fund retirement and we did that, sold the house and rented an apartment,” they explained.
“We invested the money from the sale of the house.”
READ MORE: Best country for British expats boasts ‘blue skies’ and ‘it feels spacious’
Before retirement, the pair made some lifestyle tweaks to save money.
They explained: “We had spent two years prior to retirement downsizing and decluttering, selling and donating stuff we didn’t need.
“We did a budget of what our monthly living costs would be and reduced it to a very modest level.
“We knew travel would be our main activity, we wanted to use our good health and mobility while we had it.
“We set a bucket list based on where we had dreamt of visiting and that fit into our travel budget.”
“The other thing we really love about The Algarve is the deep blue skies when the sun is out.
“The food in Portugal is amazing a lot is locally grown and offers a wide variety.
Currently, 46,238 Britons live in Portugal, according to the Portuguese Chamber of Commerce.
Tina and Norm post new videos to their YouTube channel Saturdays at 11:45am EST.
