Whale Large Capital
  • Politics
  • World News
  • Business
  • Investing
  • Politics
  • World News
  • Business
  • Investing

Whale Large Capital

Business

Americans who moved abroad say this big expense isn’t worth it

by August 7, 2024
August 7, 2024
Americans who moved abroad say this big expense isn’t worth it

Alex Ingrim knows a lot about how to move to a new country.

He was studying in San Diego when a study abroad trip to France led him to meet his now-wife, Louisa; in the 17 years since, the pair have grown their family and lived in Canada, France, the UK, Malta and now Italy.

Ingrim, 36, is a financial advisor with Chase Buchanan USA based in Florence, which has roughly 70 clients, where he advises fellow Americans about taxes and other financial planning involved with moving to Europe.

In his years helping Americans move overseas, he says one major expense ends up not be worth it: paying to ship your belongings to your new home.

“You can’t just pick up everything from your old house and put it into your new house in Europe,” Ingrim tells CNBC Make It. “It’s not going to fit the same way or look and feel the same way.”

A lot of times, larger furniture pieces simply don’t fit in oftentimes smaller European spaces, he says. Plus, “The plugs on the appliances are a lot different. Certain things about TVs might be at a different standard. People underestimate a lot of those aspects. So that’s been one piece of feedback we’ve gotten from people, they didn’t think [shipping their belongings] was that worthwhile.”

Instead, Ingrim says people have a better time of selling most of their belongings in the U.S. and moving to their new home country with a few suitcases.

The good news is that people are often “pleasantly surprised” at “how much cheaper a lot of the furniture is in Europe,” Ingrim says. That goes for appliances, too: “A new kitchen in Europe is a lot cheaper than it is in the U.S.”

Overall, Ingrim says his No. 1 piece of advice for people moving to a new country is to be realistic with their expectations and generally throw any ideas of space, efficiency and speed out the window.

“The one piece of advice I always give people is that your move is set up to fail when your expectations don’t match reality,” Ingrim says. “You need to go in with relatively loose and low expectations around what what your lifestyle in that country is going to look like. Expect life in Spain to be slow, because it’s going to be. Don’t expect it to be efficient.”

“Don’t expect a 2,000-square-foot apartment, it’s not going to happen most of the time,” he adds.

Of course, where there may be logistical challenges in making the move, there are plenty of cultural benefits to look forward to. “Expect the food to be good. Expect the people to be pretty friendly and nice, as long as you treat them with respect,” Ingrim says. On that note, defer to local customs and consider how showing respect may look different in your new home country.

“As long as you set your expectations accordingly, then you can take it slow and adjust at your own pace,” Ingrim says. “If you expect your American life to be transplanted to Paris, that’s going to be really, really hard to adjust to.”

This post appeared first on NBC NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
State Dept calls for Israel to investigate allegations of ‘horrific’ sexual abuse of Palestinian detainees
next post
‘Sanctuary state’: Walz signed law making Minnesota destination for transgender therapies for kids

You may also like

NFL season expected to spur record $35 billion...

September 4, 2024

Dow tumbles more than 600 points after weak...

August 7, 2024

United CEO expresses ‘renewed confidence’ in Boeing after...

August 16, 2024

Boeing starts furloughing tens of thousands of employees...

September 19, 2024

Uber will let women drivers and riders request...

July 24, 2025

Microsoft fires back at Delta after massive outage,...

August 8, 2024

SEC charges Carl Icahn with hiding billions of...

August 20, 2024

Elon Musk’s X and Starlink face nearly $1...

September 20, 2024

U.S. judge orders Google to share search data...

September 3, 2025

Bronfman’s Paramount bid could keep Shari Redstone involved...

August 26, 2024

    Subscribe today to receive exclusive access to all our retirement secrets and income strategies, including special financial news and updates from our experts. From time to time, our newsletters feature valuable insights and analysis on the latest financial trends. Don't miss out on these exclusive updates – join our subscription to stay informed!


    By opting in you agree to receive emails from us. Your information is secure and your privacy is protected.



    Latest

    • White House pushes for $58M security increase in wake of Kirk assassination

      September 15, 2025
    • Maurene Comey sues DOJ for ‘unlawful’ firing, demands reinstatement

      September 15, 2025
    • Israel’s military chief backs Witkoff plan over Netanyahu’s Gaza takeover, sources say

      September 15, 2025
    • Ilhan Omar’s committee assignments under threat after ‘disparaging Charlie Kirk’s legacy’

      September 15, 2025
    • GOP senator predicts ‘tremendous pressure’ to change law as Trump bill’s Medicaid cuts loom

      September 15, 2025
    • Trump demands NATO allies halt Russian oil purchases before new US sanctions

      September 15, 2025

    Categories

    • Business (799)
    • Investing (661)
    • Politics (5,579)
    • World News (3,213)
    • Terms & Conditions
    • Privacy Policy
    • Contact us
    • About us

    Disclaimer: WhaleLargeCapital.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 WhaleLargeCapital.com | All Rights Reserved