Visit www.simplytrabajo.com to sign up for remote job opportunities! If you need guidance on moving abroad, feel free to book a consultation with me: bit.ly/consultationsentplife
I'm an expat from Australia living on a beautiful island in Italy called Ischia. I opened a Bed and Breakfast called Casa Via Costa this year and I absolutely love my new job. Leaving my big tech corporate job was the best decision ever. Great videos Karl Pierre. Thank you for your content.
Would love to come visit. I have many tips of Vegemite I need to offload. I'm ion Mussomeli. Love living here in Sicily. Best is yet to come I always said, and before you know, the best is already here.
Good luck opening a business in Italy unless you have a good understanding of how the legalities work and know a reliable person to handle the paperwork!
Anyway as an Italian that lives abroad the best way to live in Italy is to just have some savings and go take some fixed deposit in countries that offer decent interest on usd (i get 7.5% for 1 year fixed deposits in Asia) and if you have 500k from selling some house or other property you can enjoy a decent life as long as you avoid paying taxes which you just don't file as a foreigner they don't really chase after you. In Italy above 2k net a month you should be good. 3k to 4k a month is a nice lifestyle able to go out to eat almost daily in particular in the south of Italy that is cheaper. The average Italian goes by with 500$ a week after taxes. Hospital and school are covered by the state. With 500k at 7.5% you can pull in 3k a month and have a good life. You can get a similar return with sp500 but less reliably.
Can you tell me what Italian earns €500 a week in the South? When average wages are approx €1,000 - €1,500 per month again, im talking about South and Sicily.
@@rosadino6985 loads of people make 2k (I am using USD for convenience) or more even in the south. 1500€/1650$ is the average salary of a skilled construction worker. In my family wineyard we pay our grape pickers roughly 10$ an hour after tax. And that's a work mostly for immigrants. Most skilled welders, plumbers, roofers make over 2k. Same for tech guys (besides at the beginning of their careers). Almost anyone working for international corporations after a few years take home over 2k. Also a lots of Italian supplement their income with government bonds paying 3.5% to 5% Of course people in high level professions make even more. Some legal notaries make 6k a month. Government positions tend to go up in pay with seniority and are often 2k+. Doctors and pharmacists make much more. Engineers and architects vary a lot as depends on demand for their skills. But the generic shop clerk/factory worker will make about the 1600$ that you mentioned. Unlike in the US the Italian pay scale in very flat almost all jobs with few exceptions pay between 1000$ to 4000$ a month net regardless if you are a lawyer or a bricklayer. Of course private businesses are a whole different thing. A young lawyer without his own company could be paid less than 2k while a the owner of legal firm could be making 10 times that. In part the reason is because of the taxes growing exponentially with income levelling the field and a general oversupply of university graduates. I have friends with university degrees in architecture that make less than electricians or skiing instructors because they work as employees for very small local firms which offer near no career opportunities. The south is quite infamous for dead end jobs as not many corporations are present over there.
@@fia4285 7.5%! Not 75%! If I could do 75% I would be a top manager at Goldman Sachs 😆 7.5% just simply by using fixed deposit 1year lock in USD currency at local banks in Asia. No active trading. Now you can get about 4.3% from US treasuries if you have more money and are less keen on having to deal with banks in developing countries.
What about working in skilled trades like hvac? I am currently living in the US and have many years of experience with HVAC and refrigeration. Are there possibilities for me in this area? Side note: I am currently working on my JS citizenship as well. Thank you for your desire to share your knowledge and insight with us.
It’s so easy to talk about the nomad visa, but has anyone actually got it? I’ve had friends apply for my golden visa, and even a work visa because we’re getting no response from Italy
@GodFearingPhilosophy I saw an article the other day that brought it up and that they finally started to issue them, with all things legal expect delays in Italy especially if applying from a distance. I also have an interview coming out regarding citizenship by decent any Italian heritage?
@@Karl__Pierre I was going to look into that after residency. My grandparents are Italian but they had to renounce their Italian citizenship when they came to canada in the 50s and 60s which might be a problem for me
@GodFearingPhilosophy stay tuned I have someone who's going to be helping with that. Personally I don't know the details but I have a feeling if they renounced for legal reasons it might still be claimed
@MrRedsjack I know but when you're rambling live you make mistakes. Atleast I do and in my mind I'm thinking with breakfast I'm usually have a portion of bread etc. Didn't even realize the error
@VENETONYC oh boy it always amazes me that people will always find something to complain about. Perhaps I like using classist privileged terms. How does it makes sense for you to suggest the language I use. You use the language you want as you wish and save this for someone else that is more agreeable
Visit www.simplytrabajo.com to sign up for remote job opportunities!
If you need guidance on moving abroad, feel free to book a consultation with me: bit.ly/consultationsentplife
I'm an expat from Australia living on a beautiful island in Italy called Ischia. I opened a Bed and Breakfast called Casa Via Costa this year and I absolutely love my new job. Leaving my big tech corporate job was the best decision ever. Great videos Karl Pierre. Thank you for your content.
Thanks for watching!
Would love to come visit. I have many tips of Vegemite I need to offload. I'm ion Mussomeli. Love living here in Sicily. Best is yet to come I always said, and before you know, the best is already here.
I live in Naples if you need worker let me know
Great video thank you for sharing your wisdom with us.
My pleasure!
Thanks for this video man!
Thanks for watching!
Good luck opening a business in Italy unless you have a good understanding of how the legalities work and know a reliable person to handle the paperwork!
Anyway as an Italian that lives abroad the best way to live in Italy is to just have some savings and go take some fixed deposit in countries that offer decent interest on usd (i get 7.5% for 1 year fixed deposits in Asia) and if you have 500k from selling some house or other property you can enjoy a decent life as long as you avoid paying taxes which you just don't file as a foreigner they don't really chase after you.
In Italy above 2k net a month you should be good.
3k to 4k a month is a nice lifestyle able to go out to eat almost daily in particular in the south of Italy that is cheaper.
The average Italian goes by with 500$ a week after taxes. Hospital and school are covered by the state.
With 500k at 7.5% you can pull in 3k a month and have a good life.
You can get a similar return with sp500 but less reliably.
@@MrRedsjack nice breakdown! I'll cover this in a future video.
Can you tell me what Italian earns €500 a week in the South? When average wages are approx €1,000 - €1,500 per month again, im talking about South and Sicily.
Mr Redskack are you saying usd 75% a year is this trading stocks?
@@rosadino6985 loads of people make 2k (I am using USD for convenience) or more even in the south. 1500€/1650$ is the average salary of a skilled construction worker.
In my family wineyard we pay our grape pickers roughly 10$ an hour after tax. And that's a work mostly for immigrants.
Most skilled welders, plumbers, roofers make over 2k.
Same for tech guys (besides at the beginning of their careers).
Almost anyone working for international corporations after a few years take home over 2k.
Also a lots of Italian supplement their income with government bonds paying 3.5% to 5%
Of course people in high level professions make even more.
Some legal notaries make 6k a month.
Government positions tend to go up in pay with seniority and are often 2k+.
Doctors and pharmacists make much more.
Engineers and architects vary a lot as depends on demand for their skills.
But the generic shop clerk/factory worker will make about the 1600$ that you mentioned.
Unlike in the US the Italian pay scale in very flat almost all jobs with few exceptions pay between 1000$ to 4000$ a month net regardless if you are a lawyer or a bricklayer.
Of course private businesses are a whole different thing. A young lawyer without his own company could be paid less than 2k while a the owner of legal firm could be making 10 times that.
In part the reason is because of the taxes growing exponentially with income levelling the field and a general oversupply of university graduates.
I have friends with university degrees in architecture that make less than electricians or skiing instructors because they work as employees for very small local firms which offer near no career opportunities.
The south is quite infamous for dead end jobs as not many corporations are present over there.
@@fia4285 7.5%! Not 75%! If I could do 75% I would be a top manager at Goldman Sachs 😆
7.5% just simply by using fixed deposit 1year lock in USD currency at local banks in Asia. No active trading.
Now you can get about 4.3% from US treasuries if you have more money and are less keen on having to deal with banks in developing countries.
The nightmare is that while these options exist, Italy is INSANELY difficult to actually get any of these visas from!
@@mdlg1983 get in another EU country that maybe a bit easier then go to italy
What about working in skilled trades like hvac? I am currently living in the US and have many years of experience with HVAC and refrigeration. Are there possibilities for me in this area? Side note: I am currently working on my JS citizenship as well. Thank you for your desire to share your knowledge and insight with us.
@randygulleyjr2180 yes but need to learn new units and have consistent work. The trades don't pay as much as in thr USA.
@@Karl__Pierre Thank you again for your insight, knowledge and feedback.
*Awsome content i would love for you to speak to my audiences about this am going to cover homes there selling for 1 euro*
@@TheAndrewShow40 sure email socialmedia@entplife.com to arrange it
@@Karl__Pierre *will do*
@@Karl__Pierre *wrote to you brother*
❤❤❤
Thanks for watching
It’s so easy to talk about the nomad visa, but has anyone actually got it? I’ve had friends apply for my golden visa, and even a work visa because we’re getting no response from Italy
@GodFearingPhilosophy I saw an article the other day that brought it up and that they finally started to issue them, with all things legal expect delays in Italy especially if applying from a distance. I also have an interview coming out regarding citizenship by decent any Italian heritage?
@@Karl__Pierre I was going to look into that after residency. My grandparents are Italian but they had to renounce their Italian citizenship when they came to canada in the 50s and 60s which might be a problem for me
@GodFearingPhilosophy stay tuned I have someone who's going to be helping with that. Personally I don't know the details but I have a feeling if they renounced for legal reasons it might still be claimed
I swear you’re saying bread and breakfast 😂
@jimbanville lol could be sometimes when rambling I can mix words
It's bed and breakfast not bread and breakfast mate 😂
@MrRedsjack I know but when you're rambling live you make mistakes. Atleast I do and in my mind I'm thinking with breakfast I'm usually have a portion of bread etc. Didn't even realize the error
Im listening now and its hilarious didnt even notice
You mean immigrant. Expat is a classist privileged term.
@VENETONYC oh boy it always amazes me that people will always find something to complain about. Perhaps I like using classist privileged terms. How does it makes sense for you to suggest the language I use. You use the language you want as you wish and save this for someone else that is more agreeable
Dude. Do you keep saying Bread and Breakfast? It's Bed and Breakfast.
@@ForgingMyLife read the comments below