Sergio and Shannon’s Journey
Sergio comes from humble beginnings, which gave him an early appreciation for frugality. He built his own computer at 14-years-old, graduated from college at 19 with a degree in electronics and later upgraded to a BS in Information Technology. He had $30,000 in debt which he was able to pay off. If Sergio could do something differently, he would have invested rather than using a savings fund from a younger age.
In 2007, Shannon and Sergio met. Shannon didn’t come from such humble background but did have an appreciation for frugality handed down through generations. Together, they worked toward getting their ducks in a row to be able to work remotely from anywhere in the world.
A Life of Adventure
As far as Sergio and Shannon are concerned, being a part of the FIRE community is about adventuring, not about a number in the bank. They make smart choices around purchases with no formal budget, but they do track their expenses. As they are both minimalists, they are able to spend about $700 a month in total.
Sergio and Shannon also travel to the opportunity rather than keeping a specific destination and timeline in mind. House sitting has provided that opportunity. When there are no house sitting opportunities, they fill gaps using points and smart spending (looking for hotel deals, avoiding restaurants, etc.)
About House Sitting
Getting Points on a Limited Budget
One of the challenges with minimalist living is that it’s hard to accumulate points on a credit card when Sergio and Shannon don’t spend much. They’ve worked around that by having family members put large transactions through their credit card, as well as bulking purchases (such as replacement laptops) to take advantage of point deals when possible.
Frugal Tip of the Week
Sergio and Shannon teach you how to hack hotels and find cheap accomodations on their site Screwtheaverage.com
Visit the site and find out the resources Sergio and Shannon use and how you can see the world on a budget and how to pack for it!
Where Our Money Went
Show Links & Related Episodes
- Frugal Cashmates Community
- Screw the Average
- Trusted House Sitters
- Full List of Resources From Shannon and Sergio
Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence.