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I Left The U.S. For Portugal โ€” Here's How Much It Costs

Video Overview & Insights

When Kaitlin Wichmann, 31, decided to move from Kansas City to Lisbon, Portugal, she knew freelancing as a digital marketing strategist would be her primary source of income. Today, despite only working 20 hours a week, she still makes about $7,000 a month on average.

What's your budget breakdown? We're looking for stories from all ages, not just millennials! Share your story with us for a chance to be featured in a future installment of Millennial Money: โ€‹https://cnb.cx/32TYZ2Kโ€‹

โ€” @CNBCMakeIt

This is an installment of CNBC Make It's Millennial Money series, which profiles people across the globe and details how they earn, spend and save their money.

Produced and Edited by: Raffi Paul

12k a month for setting up garbage for garbage websites. some thing ill never understand. Where are the piriorities in our society?

โ€” @uselessminority6071

Senior Managing Producer: Eric M. Clark

Camera: Katy Rustrick, Eugene Booysen

i wanna know how she finds costumers for ad campaigns and makes that much? whats the secret?

โ€” @freeone69

Reporter: Jennifer Liu

Animator: Alisa Stern

7k-12k a month and yet no family, husband nor kids at 31yo? You're missing out.
Hope you change that status in time.
My inbox is open if you need some unfiltered truths and tips.

โ€” @jose_s_bam7938

Location: LACS Conde Dโ€™ร“bidos

Additional Footage: Getty Images

Wowww 12000 dollars

โ€” @girlperfect1811

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Apparently, people have lost the ability to read or do basic calculations. She states herself that she makes between $2,400 and $12,000 a month, and the video description says she makes about $7,000 a month on average.
That puts her yearly income at around $84,000 gross. Good money, obviously, but not the same as being ultra-wealthy by USA standards. Add in taxes and so on, and now we are looking at around 60k to 65k. So yes, she is doing fine, maybe a bit more than fine but not on the level many in the comment section appear or want to believe.

โ€” @Solrac-Siul

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Manhattan, Ks thats Fort Riley area.

โ€” @NOBUxDrillz

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This should not be allowed. People like her destroy the life of the locals.

How so? She takes up space that were supposed to house a portuguese family at โ‚ฌ800 per month.

She probably pays โ‚ฌ3000. A loose situation.

โ€” @henrik4438

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Sheโ€™s the reason house prices are so high in Portugal. Itโ€™s all great for you, but not for the natives.

โ€” @daCosta-666

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Give some real videos not the sweet and glitter videos about prosperity talk about the cons too

โ€” @shallahrolawtruth468

#CNBC

#CNBCMakeIt

why do people sitting behind a laptop call that work? It's not justified to people who are slaving away doing something like construction.

โ€” @maxc.1478

#MillennialMoney

I Left The U.S. For Lisbon โ€“ And Work Only 20 Hours A Week

this is sad to see tbh

โ€” @Guilhermesanunes

More User Perspectives

@

12000$ a month ofc she is okay. She would be okay everywhere too lol

@sionbarzad5371
@

We live in Portugal and I hope you never have to retire because you won't get any money! ๐Ÿ˜ญ

@francescabento1705
@

12k a month? Just overpaid!

@han_zei_bu_liang_li
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Do not you think, Europeans are less superficiail than Americans? Americans talk a lot to say nothing! You are very informativo though! Good luck to you ๐Ÿ˜Š

@roberthopman-f4y
@

What a world the youth of today live in. Tap a few buttons on the computer and make tons of money. No personal exertion, no travel to work, no expending physical energy.

@alfredabreo9496
@

5.17. There are some guys working and nonchalantly walking around on the roof of a house without a harness. Crazy.

@alfredabreo9496
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The best way to learn Portuguese is to find a Portuguese boyfriend. Anyhow, almost everyone speaks English in Portugal even the old folks as we have had British people living with us for centuries

@nunosilva6787
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What a wonderful experience to explore and live in Portugal. Remote working is best when you're in right place.

@lexidy
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I wish you all the best Kaitlin...hope you continue to live and work from Lisbon and I apologize for the stupid comments I've seen here, regarding your personal income.

@rucas5558
@

Worth noting Lisbon works for people at very different income levels โ€” not just $12k/month freelancers. Most expats living well there are doing it on โ‚ฌ1,800-2,500/month. The local minimum wage context matters: Portugal rewards people who come with modest Western savings or remote income. The story of one high earner is compelling TV, but it's not the full picture of who's actually making the move work.

@Portugal_Lifestyle_App
@

She picked a right occupation

@Bocca202
@

Portugal welcomes you 100%,you work, you want leurn the culture and language, the same we cannot say of the hundred migrants coming to the country, all the best to you

@sergiocosta2018
@

Watching this while visiting in Lisbon and scouting out places to retire later. Itโ€™s already so much cheaper than Silicon Valley that living expenses isnโ€™t even a concern. Only question is whether to buy or rent.

@MichaelChengSanJose
@

Lisbon is an amazing place to live if you do not pay tax in Portugal and make earnings from places like USA or Germany.... Most of Portugal makes 1.2k monthly ( gross )... and Whoever makes a bit more faces around 40-50% taxes ( IRS and SS ).... I'm positive sure that she does not declare income here, and when they invoice here, they usually open a Recibos verdes and declare the minimum, just to be able to renew Residency card... Ideally is that government would create Tax for people with incompatible IRS being expats, so that taxes for buying properties or renting would be like 200%, otherwise it is impossible to live in Portugal working for Portugal, within a few years Portugal will have no companies or business... And it will only be left sub-jobs to serve foreigners that are living here and working for US companies.

@vt4663
@

Iโ€™m also American and also shocked at her salary. To all the Portuguese people complaining, just know even for Americans thatโ€™s a lot. Sheโ€™s probably making closer to like 200k? Doing anything freelance you will generally make more money and the space she is in, ads, is very profitable and this video is 7 months old. Ads have just increased even more in profitability since then. Even in the US she would be rich and as she said, living in California as she was (LA). Even Americans making half what she makes are considered rich for a normal average person, so she truly is up there lol. Obviously you can make way more than her in the US but after 200k youโ€™re no longer average in the US

@shappuden6608
@

I can't believe how anyone choosing Portugal for long term and don't go to Porto. There is a big difference in so many levels.

@HikeUnknown
@

The question is: do you pay taxes to Portugal? To what Portugal is giving you? ๐Ÿค”

@JoseFerreira-vj3lq
@

Do not believe a word of this bullshitter. the world of digital marketing is saturated with freelancers and most barely make $1000 a month. It is very competitive and in portugal there is almost no market for digital freelancers. My best pal also lived in Portugal, after having obtained an MBA from Cornell and she was struggling despite having worked for Google and Meta in the past. The reality is that the world of freelancers is tough due to the competition - so take this video with a grain of salt. People always hype up their salaries on youtube.....

@sbmedex3421
@

im tired of the Blck FATIGUEโ„ข here in the US

@redditneo89
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There is no portuguese culture or portuguese in downtown Lisbon. She lives in a disneyland for rich people an tourists.

@carlas.pimentel2803
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Portugal really is beautiful and I will always say that, the plants and scenery is breathtaking. I will say though, she makes so much more than most anyone does living here. I do find it insane that sheโ€™s still barely able to speak in Portuguese. I mean, Lisbon is definitely partially English speaking but atleast try to be part of our culture. If no one tryโ€™s to fit it, soon no one will even be truly Portuguese anymore. Please donโ€™t move if you just like the idea of living here, move if you will live as one of us

@redsonlmk1
@

With this monthly salary you can live in luxury. Combined, we might scratch together $2000 on social security. I wonder if we could make it there.

@booneland1297
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Iโ€™m an American and have literally been where sheโ€™s at in Lisbon, Portugal on a vacation. Lots to do there. I plan to retire between there and the US. However, I plan to budget and spend a lot less than her.

@travelingdude1621
@

you look older

@ShellyIlovemeTV
@

Thatโ€™s a good month. 24k-12K

@ashlee2142
@

If you earn $12,000 per month and you live in Portugal for at least 183 days per calendar years, you pay a very income tax in Portugal. Portuguese income tax is far larger than US income tax. If you are working as a 1099 contractor, you will be paying self-employment tax on top of your Portugues tax. If you want tax advice, let me know. I could potentially save you many thousands of dollars spent on tax liabilities. There are strategies that can be legally utilitized to avoid all of your Portuguese taxation and to reduce SE taxation.

@versusminus77
@

Italy is much better than Portugal it's a lot mode beautiful Italian foods are a lot more delicious than Portuguese foods the Italian economy is definitely a lot better than Portuguese economy and Italians are oh yeah so much more attractive than Portuguese

@Henry-x4y7o
@

ุณู…ุนุช ู…ุฑุฉ ุงู†ู‡ ุฌูˆุฑุฌ ูˆุงุดู†ุทู† ุฑุญู…ุฉ ุงู„ู„ู‡ ุชุบุดุงู‡ ูƒุงู† ู…ุฑุฉ ุทู„ุจ ู…ูˆุธู ู„ู‡ ููŠ ุงู„ุจูŠุช ุงู„ุงุจูŠุถ ููŠ ุงู„ุณูƒุฑุชุงุฑูŠู‡ ูˆุจุนุฏูŠู† ุฌุงุจูˆุง ู„ุนู†ุฏู‡ ุดุฎุต ูุนู†ุฏู…ุง ู‚ุงุจู„ู‡ ุฌูˆุฑุฌ ูˆุงุดู†ุทู† ุฑูุถ ุชูˆุธูŠูู‡ ูุชุนุฌุจ ู…ู† ูƒุงู†ูˆุง ูŠุนู…ู„ูˆู† ู…ุนู‡ ููŠ ุงู„ุจูŠุช ุงู„ุงุจูŠุถ ูู‚ุงู„ ู„ู‡ู… ู‡ุฐุง ุตูˆุชู‡ ุฑุฎู… ๐Ÿ˜Š๐Ÿ˜‚โค๐ŸŽ‰ูŠุนู†ูŠ ูˆุตู„ ุงู„ู‰ ู…ุฑุญู„ุฉ ู…ู† ุงู„ุญูƒู…ุฉ ุชู…ูƒู†ู‡ ุงู† ูŠุนุฑู ุงู„ุดุฎุต ู…ู† ู†ุบู…ุฉ ุตูˆุชู‡ ๐Ÿ˜Š๐Ÿ’ฏ๐ŸŒž๐ŸŒˆ๐Ÿ–โœŠ๐Ÿ˜๐Ÿ’™โค๐Ÿ˜โœŒ๐Ÿ˜‰๐Ÿ˜€๐Ÿ˜Žูƒุงู† ุฑุฌู„ ุนุธูŠู… ุฌูˆุฑุฌ ูˆุงุดู†ุทู† ู…ู† ุงู„ุขุจุงุก ุงู„ูƒุจุงุฑ ู„ุงู…ุฑูŠูƒุง ๐Ÿ˜ŠThat's why i love usa๐Ÿ˜Š๐Ÿ’ฏ

@mohanmot1234
@

I'm in Germany and I believe the median and average incomes here are higher than in Portugal. Still, 12k a month is insanely high. You can live really really really REALLY well off of that. Congratulations to her for having that salary, but even below average IQ people (I'm being nice here) should be able to live off of a salary this high.

@tonypaella
@

Leaving the US for Europe or Asia isn't running away! I love seeing more people realize they have the option to leave.

@DemitaForward
@

This girl is rich. Good for her but not relatable

@Emz1808
@

She says rent is reasonable and is the same as a city in the U.S.. These people are destroying Portugal. PORTUGAL ISN'T THE U.S.. THIS IS GROSS.

@Daishan-q7l
@

40 hours a week towards myself sounds so wonderful. I'm on the way to that!!!!!

@SeeMarissa
@

Making $12k per month working 20 hours...? I think you can be happy just about anywhere with that kind of life and money.

@WeekendGamerTX
@

Hi

@AshokSharma-y7b
@

โค

@AshokSharma-y7b
@

Emily in Portugal.

@AdamCoumas
@

Wow! I grew up in Kansas, Live in LA now and want to move to Portugal!

@CovenOfCarrots