24. Expat FIRE: Saving 60% of His Income Living in Taiwan (with Steve from the Frugal Expat)

2024-08-28

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I got to speak with Steve Cummings, an American world traveller, a family man and a digital nomad who runs the personal finance blog ‘The Frugal Expat’. Steve accelerated his path to FI when he moved to Taipei, Taiwan in 2017, by using Geoarbitrage and working as an expat English teacher. He recently moved to Melbourne, Australia with his family where he is now enjoying fatherhood and running his online business. The things you’ll learn: How learning about travel hacking got him into FIRE Why he quit his job in US and moved to Taipei, Taiwa...

I got to speak with Steve Cummings, an American world traveller, a family man and a digital nomad who runs the personal finance blog ‘The Frugal Expat’.

Steve accelerated his path to FI when he moved to Taipei, Taiwan in 2017, by using Geoarbitrage and working as an expat English teacher. He recently moved to Melbourne, Australia with his family where he is now enjoying fatherhood and running his online business.

The things you’ll learn:

How learning about travel hacking got him into FIRE
Why he quit his job in US and moved to Taipei, Taiwan as an expat
How he was able to save 60% of his income living in Taiwan
Using Geoarbitrage to accelerate his FI goals
How meeting his partner made him even more frugal
How others can be an expat English Teacher in Taiwan
In-laws having different cultural mindsets on money
Steve’s simple but effective investment strategy and his FIRE number target
How he is able to invest in US Stocks while living abroad (Vanguard)
His transition moving to Australia as a digital nomad after 6.5 years in Taiwan
His leap into being a content creator and earning more that his previous job
How Steve has found purpose and meaning throughout his journey
The freedoms Steve has unlocked by being on his FI journey

Quick-fire round questions at the end:

Steve’s definition of Freedom
Something Steve wished he done 10 years ago
The daily habits that helped him in his life
His most important lesson in life
Steve’s Transformational book recommendations
Biggest takeaway for listeners

Steve’s Websites/Socials:

Steve’s personal finance website: https://thefrugalexpat.com/
Facebook: https://www.facebook.com/thefrugalexpat1
Twitter: https://twitter.com/thefrugalexpat1?lang=en
Instagram: https://www.instagram.com/thefrugalexpat/
Email address: Steve@thefrugalexpat.com

Freedom Before FI Links:

Free Guides: Download the free ‘Freedom Ideas’ Cheat Sheet and the free ‘Find Your Purpose’ Worksheet at: ⁠https://freedombeforefi.com/free-guides/⁠
Website: Check out our resources and services at ⁠https://freedombeforefi.com/⁠
Email: If you want to connect, send me a note at greg@freedombeforefi.com

Disclaimer: This podcast is for informational purposes only and should not be considered as financial advice

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