On today’s episode of 2 Frugal Dudes, we’re celebrating the big 100 by giving away $100! Visit us at 2frugaldudes.com to sign up for the Frugal Cashmates Community. Sign up and tune in two weeks (November 7th, 2018) to see who wins!
Two Years of Frugal Living: A Recap
Once upon a time, Kevin and Sean met through their careers in software development. They started conversing about frugal living. Over time, they realized that they had some pretty good ideas and decided they should record and share these conversations. This is how they stepped into the personal finance community. And the rest, as they say, is history.
If you listen to early podcasts, you’ll hear Kevin and Sean talk to each other about their journey. Over time, they brought people on to share and shape their path with personal finance.
Listener Case Studies
During the early days of the podcast, listeners would join to share their perspectives. Going forward, we’ll open the door to more listeners and guests, in addition to returning the focus to having more conversations with just Kevin and Sean.
Kevin and Sean 101
Whether this is your first episode or you’ve joined us before, it’s never the wrong time to be (re)introduced to the 2 Frugal Dudes.
Sean and Kevin are both software engineers. Kevin has been running a software consulting business, SwiftKick, for the past seven years. This has been a great experience for transitioning his learnings from personal finance to business finances, and how those areas overlap as an entrepreneur with a team of hard-working employees.
Sean is a full-time manager and software engineer, and brings to the table the experience as earning as an employee. In addition to his full-time job, he’s the author of The Early Retirement Roadmap and co-founder of Mastermind Hunt. Together, the 2 Frugal Dudes bring a well-rounded perspective on pursuing financial independence.
Financial Peace University
Kevin is currently teaching a Financial Peace University course from Dave Ramsey, which has opened his eyes to a lot of issues that people face when it comes to finances.
In Financial Peace University, it’s all about the game plan. It’s learning how to put steps in place to learn how to manage your budget, get out of debt, and put in the work to get you out. Consider this the baby steps of becoming financially independent; when it comes to learning how to manage finances, something is better than nothing, which is equal to the knowledge most beginners have.
What We’ve Learned Since Day One
The main thing Kevin has learned since starting 2 Frugal Dudes is how to distribute investments for the best possible results. He’s gone back and reallocated his portfolio and his wife’s IRA. The changes are apparent when he logs into Vanguard and sees an 11% return.
Kevin has also recommends skipping the Unshakeable portion of the early days of the podcast. In a nutshell, the key takeaway is that the market will readjust itself every few years, and we’re overdue for this to take place. So, get your checkbooks ready!
Sean has seen a lot of changes in mindset and emotional spending, in addition to methods for cutting back on various expenses. He’s moved to Austin, Texas and downsized to cut his expenses in half. Next on the map is Gulf Shores, Alabama, downsizing from a population of 2 million to 10,000.
Another thing that’s changed is the appreciation for sharing your thoughts. Teach everything you know, and if someone learns something, it will be worth it.
A big thank you to the listeners for being a part of the journey so far.