This Dallas couple retired nine months ago to Granada, Spain, and plan to live on about $40,000 per year
Indeed, when I first tried to schedule an interview with the couple — who retired nine months ago to Granada, a culturally rich college town in southern Spain, from Dallas — their response made me laugh: “It’s a big holiday here with parades and wine and tapas, so we will be ‘engaged.’ ”
Before they retired, Jiab Wasserman was a banker and credit-risk manager, and her husband was a lawyer–turned–economics teacher. What do you spend each month? In a typical month, the Wassermans spend a little over $2,400 , they say, with their biggest expense being their 800-square-foot apartment that’s about a 15-minute walk from the city center. They live a frugal lifestyle by not having a car , using a cheaper mobile plan , and taking advantage of free or low-cost things like free concerts, dances in the public plaza or just hanging out with friends.
How did you save up to retire early ? “We lived way below our means — we didn’t starve, [and] we took family vacations — but we just practiced cutting corners whenever we could,” says Jim. How hard has it been to make new friends? The Wassermans note that Granada has a thriving expatriate community that frequently holds meet-ups, so they easily made friends. “We expats welcome each other,” Jim says. And he adds that locals at first may seem standoffish — enter a restaurant, and they will simply say, “Dime,” which means “Tell me” or “What do you want?” — but once they realize you’re part of the community, “they will welcome you with open arms — and multiword sentences,” Jim jokes.
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