808b Nick’s FIRE journey: quitting work, selling everything & moving to Spain
Feb 26, 2025
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Nick Bradley, host of 'This Is Investing,' shares his inspiring journey of selling everything and relocating to Spain with his family. He discusses the stark contrasts in cost of living and healthcare between the U.S. and Spain. The conversation delves into the intricacies of navigating visas, schooling options, and family dynamics in a new culture. Nick also reflects on financial strategies for expats and the emotional journey of prioritizing experiences over material possessions, all while aiming for a more fulfilling lifestyle.
Nick and Rebecca's decision to move to Spain was driven by personal reflection on life's values, emphasizing experiences over material possessions after a family tragedy.
They strategically evaluated the cost of living and quality of life in Southern Spain, ultimately finding it significantly more affordable and fulfilling than their previous life in the U.S.
Navigating the complexities of a non-lucrative visa for residency allowed them to maintain financial stability while adapting to a relaxed, community-focused Spanish lifestyle.
Deep dives
The Decision to Move Abroad
The decision to move abroad was deeply influenced by personal experiences and values. After living in the Midwest, Nick and his wife Rebecca felt that their lives were stagnating amidst their established routines. The sudden passing of Nick's mother catalyzed a reflection on what truly mattered to them, emphasizing the importance of experiences over material possessions. Their journey culminated in a revelation during a vacation in Costa Rica, leading them to prioritize a new lifestyle filled with adventure, prompting them to sell their home and move their family overseas.
Choosing Spain for a New Life
Nick and Rebecca's choice of Spain was based on a combination of affordability, natural beauty, and quality of life considerations. They evaluated several factors, including access to large bodies of water, outdoor activities for their children, and a suitable economic environment. Southern Spain emerged as the ideal location, providing a picturesque coastal setting with nearby mountains, making it appealing for their family dynamic. Their decision to move was also pragmatic, as they found that living in the U.S. was becoming increasingly expensive and less rewarding.
Navigating Legal and Financial Aspects
Upon relocating to Spain, Nick and Rebecca had to navigate the complexities of obtaining residency through a non-lucrative visa, which required proof of financial stability. This visa was designed for retirees and foreigners not reliant on local employment, requiring them to demonstrate that they had adequate personal savings. They settled into a comfortable lifestyle, spending approximately 1,700 euros per month on housing in a townhome with proximity to the beach. Their budgeting strategy allowed them to maintain a reasonable standard of living while also accounting for expenses like health insurance and children's schooling.
Adapting to Life in Spain
Adapting to the Spanish lifestyle revealed a slower, more relaxed pace of life compared to their previous experiences in the U.S. The focus on community and family time allowed them to enjoy outdoor activities, contrasting sharply with their previous 'work-centric' American lifestyle. They enrolled their children in a Montessori school, fostering both educational and social connections that led to a supportive network among expat families. Although navigating the language barrier presented challenges, they appreciated the international environment where English was commonly spoken, easing their transition.
Reflections on Financial Independence
Nick and Rebecca's journey reflects a nuanced view of financial independence, characterized by both strategic investing and a desire for life experiences. Their approach to saving and investing evolved over the years, where they balanced between making good financial decisions and enjoying quality time through travel and experiences. While they had initially aspired to retire early, they ultimately embraced the opportunity to live without the pressures of conventional employment. Their focus now centers on harmonizing their financial strategy with their newfound lifestyle, ensuring they enjoy their time abroad while remaining financially secure.
Ever dreamed of selling everything and moving overseas? Nick Bradley and his wife Bec did just that. In this episode, Glen chats with Nick, host of this is investing, about how he and his family packed up their lives in the U.S. and moved to Spain. They cover:
👉 the cost of living in Spain vs. the U.S.
👉🏻 selling their house and living off investments
👉🏽 schooling, healthcare & visas for expats
👉🏾 how Nick manages his investments to fund their lifestyle
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