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2 Frugal Dudes

Updated 4 days ago

Business
Investing
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Helping you become financially independent by cutting your expenses and increasing your income to live life on your terms and spend more money on the things you love. Our show is the layman’s guide to simple personal finance, investing, taxes, frugal living, saving money, budgeting, entrepreneurship, freelancing, early retirement, financial freedom/independence, travel hacking, student loans, paying off debt, avoiding credit cards, real estate and life hacks. Sean is the author of The Early Retirement Roadmap and Kevin is an instructor of Financial Peace University where they continue to share their stories with their fellow middle class citizens, accepting them where they are and helping to get them to where they want to be. CHA-CHING!

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Helping you become financially independent by cutting your expenses and increasing your income to live life on your terms and spend more money on the things you love. Our show is the layman’s guide to simple personal finance, investing, taxes, frugal living, saving money, budgeting, entrepreneurship, freelancing, early retirement, financial freedom/independence, travel hacking, student loans, paying off debt, avoiding credit cards, real estate and life hacks. Sean is the author of The Early Retirement Roadmap and Kevin is an instructor of Financial Peace University where they continue to share their stories with their fellow middle class citizens, accepting them where they are and helping to get them to where they want to be. CHA-CHING!

iTunes Ratings

87 Ratings
Average Ratings
75
6
2
0
4

Down to Earth $ Show

By Deanna@Recovering Women Wealth - Oct 11 2019
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Sean & Kevin are two practical guys sharing their money journeys as well as interviewing lots of different guests. I feel like the topics they present and the questions they ask are very relatable to a large audience. They also gel well together!

Fun and educational

By Sarah629 - Aug 14 2019
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I love this show. As a new comer to the frugal life, I appreciate their suggestions and tips. I have learned so much from them already. Keep us up guys!

iTunes Ratings

87 Ratings
Average Ratings
75
6
2
0
4

Down to Earth $ Show

By Deanna@Recovering Women Wealth - Oct 11 2019
Read more
Sean & Kevin are two practical guys sharing their money journeys as well as interviewing lots of different guests. I feel like the topics they present and the questions they ask are very relatable to a large audience. They also gel well together!

Fun and educational

By Sarah629 - Aug 14 2019
Read more
I love this show. As a new comer to the frugal life, I appreciate their suggestions and tips. I have learned so much from them already. Keep us up guys!

Listen to:

Cover image of 2 Frugal Dudes

2 Frugal Dudes

Updated 4 days ago

Read more

Helping you become financially independent by cutting your expenses and increasing your income to live life on your terms and spend more money on the things you love. Our show is the layman’s guide to simple personal finance, investing, taxes, frugal living, saving money, budgeting, entrepreneurship, freelancing, early retirement, financial freedom/independence, travel hacking, student loans, paying off debt, avoiding credit cards, real estate and life hacks. Sean is the author of The Early Retirement Roadmap and Kevin is an instructor of Financial Peace University where they continue to share their stories with their fellow middle class citizens, accepting them where they are and helping to get them to where they want to be. CHA-CHING!

Rank #1: How We Budget Our Money

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Episode 111: Learn about how we budget our money, as we share a few ideas you can apply to your own budgeting process. How We Budget Our Money Kevin calls himself a lazy budgeter. All of his bills are set up on autopay, so his budgeting for extras all depends [...]

Jul 19 2019

37mins

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Rank #2: How to Talk About Money with Your Spouse

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Episode 132: Tips for communicating about money in your marriage to make sure you’re on the same page for saving, spending, and financial wellness with Lara McElderry of the Married to Doctors podcast and special guest host Cassie Michael from The Thrifty Couple.

Why Couples Fight About Money

According to statistics, money is the number one topic that couples fight about. Generally, the source of the fighting comes down to three key issues: math, emotions, and values.

The Math

When couples fight about money because of the math, the issue usually stems from the numbers not adding up. You may find that you’re unable to pay the bills or that things just aren’t adding up at the end of the month when you do your budget.

The Emotions

When fights about money are emotion-based, the issue is more about why people spend money. For example, living outside of your means to fit in with a social group or using “retail therapy” as a way to boost your mood.

The Values

Another reason couples fight about money is their values. If there’s a difference between the two people’s values and what matters to them, this can translate into money issues. What one member of the partnership values may not be the same thing the other person values, creating an argument over spending money on things “that don’t matter.”

How to Stop Fighting About Money

When you find yourself in an argument about money with your spouse, the first step is to name the core issue. Are you fighting about values? Is it math? Are there emotions tied in? By identifying your core issue, you create a common target rather than projecting your issues on one another.

Once you have a common target, you can get back in the team mindset and discuss solutions to overcome the challenge at hand. You can start to brainstorm ideas that will create collaboration and determine a path forward.

It’s common for couples who fight about money to end up down the rabbit hole and get to a point where they don’t even know what they’re fighting about anymore. Identifying the core issue prevents this damaging tangent.

Making Time to Talk About Money

Another way to avoid fighting about money is through prevention. Schedule regular check-ins that double as neutral times where you can discuss potential purchases and realign on your goals.

Fighting about money can be habitual. By creating a habit loop and setting small goals to overcome the toxic cycle, you can create a healthy space for conversation. Remember, prevention is always better than repair.

Working with a Mediator

If you are chronically having fights with your partner about money, bring in a neutral third-party to act as mediator. You can work with a money coach, a pastor, or some other authoritative person who can provide objectivity.

Focus on the Positives

What you appreciate will appreciate, both in monetary investing and marriage. Find ways to show gratitude for the positives in your relationship and shift the focus away from money problems to the reasons you got together in the first place.

Income-Based Student Loan Repayment

It’s important to take time to learn about student loan repayment options beyond what’s covered in school. A lot of married couples start out with significant debt incurred during education, which causes a snowball effect down the road.

Income-based student loan repayment is just one of the options available. When you choose this option, your payments are scaled based on how much money you make so that it’s more manageable. There’s also a forgiveness period that will work for some long-term borrowers.

Show Links & Related Episodes

Music: https://www.bensound.com/royalty-free-music

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.

Nov 22 2019

31mins

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Rank #3: 2FD 038: The Money You’re Leaving on The Table with John Wedding

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Could there still be some places that you can cut back your spending? John Wedding from MightyBargainHunter.com has joined us to share some of his straight-up, cold hard savings tips to help you do a little extra. Good deals are all around us and he’s going to help shed some [...]

Aug 10 2017

36mins

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Rank #4: How to Do Compound Debt Payoff with Side Hustles and Practical Budgeting

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Episode 74: How to practice practical budgeting and enable compound debt pay-off with smart spending and side hustles. Our Guest Alex and Cassie from TheThriftyCouple.com. Discussion Points Recovery from 90K in debt and payday loan cycles. The 2% rule to pay off debt. The main reasons people end up in [...]

Apr 19 2018

47mins

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Rank #5: Tips for Paying Off Student Loans

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Episode 63: Helpful tips for paying off student loans. Tune in to learn more about the problem with early 401K withdrawals and how to get frugal internet TV streaming. Our Guest Travis Hornsby from StudentLoanPlanner.com. Discussion Points Why you should care about paying off your student loans. The taxes and [...]

Feb 01 2018

38mins

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Rank #6: How to become Debt and Mortgage Free While Boosting Your Net Worth

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Episode 87: Learn how to get both mortgage and debt free in a few short years, and how to boost your net worth. We also cover estate planning. On this episode of Two Frugal Dudes, we’re putting debt in the rearview mirror, increasing our net worth, and looking ahead at [...]

Jul 19 2018

48mins

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Rank #7: 2FD 021: Credit Card Rewards Hacking

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Credit Cards can hurt a lot of people… But a select few can responsibly take advantage of the credit card rewards system to spread their dollar even further. Join us with our special guest Tom Marsden (@TommyboyCAN) to learn how he’s gaming his credit card rewards strategy to pay for [...]

Apr 13 2017

49mins

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Rank #8: The Four Keys to Abundant Frugal Living

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Episode 113: How to live frugally without sacrificing your dreams. Tune in for the four keys to abundant frugal living. On this episode of 2 Frugal Dudes, we’re talking about the four keys to abundant frugal living with Steve & Annette Economides, frugal living experts, and NY Times Bestselling Authors. [...]

Aug 09 2019

43mins

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Rank #9: Debt Payoff Strategies and How to Start Investing

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Episode 72: Debt payoff strategies to help you invest while getting out of debt, and teaching you investing for beginners. Our Guest Mary Wheeler from AbundantWealthSolutions.com. Discussion Points How Mary paid of $30K of debt in 96 days. What debt is costing you. When to invest vs. payoff debt. How [...]

Apr 05 2018

32mins

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Rank #10: What it Means to Be Frugal | Peeling Back Frugality

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Episode 94: We’re peeling back frugality with Joel Larsgaard of the How to Money Podcast (Formerly the Pour Not Poor Podcast at the time of recording).  Find out more at howtomoney.com Joel’s Journey Joel started working at age 14, showing his natural work ethic. He’s always had an understanding of [...]

Aug 30 2018

34mins

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Rank #11: Lifestyle Deflation for a Better Life

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Episode 130: Lifestyle deflation is the process of making small changes to remove low-value expenses. Learn how to use lifestyle deflation for a better frugal living with Dr. Bill Yount of Pivot Points MD.

What is Lifestyle Deflation?

Lifestyle deflation is identifying and correcting the excess spending and waste in your life to live a little leaner. The three main expenses in life include food, transportation, and housing. By unwinding these three expenses, you can live more efficiently through a smaller, wealthier life.

For example, deflating your food costs would include evaluating how often you eat out and getting better at meal planning and smart shopping.

Transportation deflation could include cutting back to one family vehicle or scaling back on new vehicle expenses and buying well under budget.

Housing tends to be more challenging for people interested in lifestyle deflation. Looking at smaller, more affordable options and building as much equity as possible is the goal. Houses are often a luxury expense, where people think they need more than they do based on pre-conceived notions and tradition.

Saving Money with Lifestyle Deflation

When you deflate your lifestyle, you have more money to put into savings for retirement and high-value experiences (such as travel). This creates space for paying off debt and saving before spending to build a comfortable buffer.

Another aspect of lifestyle deflation is making your assets more liquid. For example, the equity you put into your house is locked up and not easy to access. Being able to build an emergency fund is more important.

Repurposing Money with Lifestyle Deflation

The liquid assets generated through lifestyle deflation can be re-routed into creating and developing new income paths. For example, directing your money toward starting a new income-generating business. Alternatively, you can invest in property for house hacking.

Show Links & Related Episodes

Music: https://www.bensound.com/royalty-free-music

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.

Nov 15 2019

25mins

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Rank #12: The Spending and Saving Habits of Americans

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Episode 55: Learn about the surprising saving and spending trends in America.  We peered into the spending and saving habits of Americans, looking at statistics around student loan debt, auto loans, the effect of our impulses and what millennials are doing differently. Jennifer McDermott from Finder.com, has joined us to [...]

Dec 07 2017

36mins

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Rank #13: The Path Towards Wealth

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Episode 59: Learn about The Path Towards Wealth, 401K Changes, Saving On Groceries, Tackling Debt, New Year’s Resolutions And Cattle! Our Guest Justin Taylor from Saving-Sherpa.com. Discussion Points The changes coming to your 401K in 2018. Getting paid to go to college. How young people can get a loan. How [...]

Jan 04 2018

39mins

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Rank #14: Early Retirement Life and How to Be Happy with Mindfulness

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Episode 65: Learn about life after early retirement and financial independence. We also talk about how to practice mindfulness and be happy with what you have. Tune in for a few useful tax filing tips to maximize your return. Our Guest Carl and Mindy from 1500Days.com. Discussion Points Where time [...]

Feb 15 2018

38mins

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Rank #15: Managing Your Personal and Business Finances

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Episode 102: On this episode of 2 Frugal Dudes, we’re talking with Sharita Humphrey on how to manage your personal and business finances. Sharita is a certified financial educator, coach, and educator who helps individuals and small business owners reach their financial goals. Sharita’s Journey Despite being comfortable now, Sharita [...]

Nov 22 2018

28mins

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Rank #16: Saving Money The Best Way For Your Goals

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Episode 56: How to save money for your goals. Learn why traditional savings accounts fail and how to pay yourself first. The choices you have with saving your money keep evolving as technology and competition improves. Here are some new ways to save money, where to find a good savings [...]

Dec 14 2017

44mins

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Rank #17: Tips for Affordable World Travel

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Episode 94: Learn about affordable world travel with Trinity and Bonnie, who retired at age 43 in 2016, when they retired, sold everything, and started backpacking around the world. Visit them at 43bluedoors.com. Trin and Bonnie’s Journey Bonnie grew up in a frugal household, which sparked her entrepreneurial spirit. Her [...]

Sep 13 2018

34mins

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Rank #18: 2FD 032: The Psychology of Investing

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Do you know how your brain affects investing? As we wrap up our book study of Unshakeable by Tony Robbins, the book closes out with addressing the cognitive biases that affect investing and how to control them. Your brain can really take control of your emotions based on what you’re [...]

Jun 29 2017

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Rank #19: 2FD 030: Investing In Yourself

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Are you dedicating some of your time towards investing in yourself? Kevin and Sean reunited in Virginia Beach, VA at RevolutionConf, a conference for software engineers. Getting involved in our industry’s community through attending and eventually organizing meetups and conferences has played a key role in our professional development. [...]

Jun 15 2017

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Rank #20: Tips for Starting House Hacking and Real Estate Investing

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Episode 75: Learn how to start house hacking and real estate investing while managing your business finances. Our Guest Chad Carson from CoachCarson.com. Discussion Points How to manage your business finances. Why house hacking is the easiest way to start with real estate investing. How to begin real estate investing [...]

Apr 26 2018

48mins

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