Hello! Welcome to The Frugal Expat. This blog is a place to learn more about saving, investing, and reaching financial independence. Now doing all of that sounds great, but it is not easy. It can have simple steps, but it takes commitment and time.
Plus, we all want to do other things instead of worrying about money. That is like me as well. I enjoy traveling, and I also would love to share great tips about how to travel cheaper and better.
Let’s first start with some basics.
The Frugal Expat is a place to help motivate and teach people how to save better and save more. That all starts with making goals and tracking progress. I track my progress through my Net Worth statements. I have a spreadsheet that helps see how I am doing every month.
In 2021, my Net Worth increased by over $72,000. My wife and I do not make killer money. We are English teachers living in Taipei, Taiwan. So we make roughly $60,000 together while living in an HCOL area. The key to us is our savings rate. We keep that savings rate between 50-60%, with some months hitting 70%.
Check out the Savings section of this website. It will have budgets and other savings tools to help you on your way.
Investing is something I believe in. It will not be easy, but you can make it simple. Investing in yourself, a business, real estate, or stocks will help you create wealth. That is what we are looking for. We want enough wealth not to have to work for money again. That is pure financial freedom.
Index investing is something I like to do, and I particularly like investing in Vanguard Index Funds. There are many funds like VTSAX and VFIAX. In the invest section of this blog, you will find tips, apps, and tools on investing better.
Achieve Financial Independence
My goal is to hit financial independence. That is to work without the worry of money. If I want, I can leave my job because I will have the power of FU money. I now own my time.
The goal is to be independent of a job. You can now follow your passions. I have been doing a series of interviews with several couples on how they Achieve FIRE together. We all know It takes two to FIRE.
In the Financial Independence Tab, you will find a significant bit of information about achieving FIRE, the different types of FIRE, and stories from those reaching the same thing. You can read my story right here.
My wife and I are massive travelers. One of the reasons I got into finances is because I had no money to travel. I wanted to travel and see many different places, but I realized I couldn’t do this without sufficient funds. So, I found some tips and tricks to travel cheaply. On my adventures, there have been many places to see and visit.
Top 10 Blog Posts So Far:
I have been writing Since July of 2020. Here are some of the most viewed posts. I hope you two can enjoy these posts as well.
- VTSAX vs FZROX, who is the best?
- 10 Ways on How to Invest With Little Money
- How Owning Assets is Better than a Job.
- 34 Fun Things to Do in Florida
- Money Isn’t Everything. 8 Things That Are More Important
- Double your income with Compound interest.
- VTSAX vs VFIAX: Which One Would You Choose?
- VTI vs VTSAX: How Are They Different?
- Old Money vs New Money: What’s the Difference?
- A 3 Fund Portfolio: The Simple Way To Invest