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Frugal Homeowner Pays Off $255,000 Mortgage in Just Three Years

Setting the standards for extreme frugality in finances is 30-year-old Sean Cooper. Despite not having a glamorous job, he managed to save enough money to pay off a whopping $225,000 mortgage in only three years!

Cooper purchased a $425,000 house in Toronto, Canada, in 2012 and since then, created a strict pauper-like regime for himself. He started by getting himself two additional jobs to supplement his income as a pension analyst, working a total of 100 hours a week. He wrote financial articles in his free time, and also took a $13-an-hour job at the meat section of a supermarket, even though he’s a vegetarian. “It wasn’t the most glamorous job, but it helped me pay off my mortgage, so I can’t complain,” he said.

“For a lot of people, their mortgage is like a life sentence. I just wanted to not have a mortgage hanging over my head for the next 30 years.”

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Meet the German Family Who Lives without (Almost) Any Money

29-year-old Rafael Fellmer and his family lead a very frugal lifestyle, one that requires them to spend almost no money at all. They get their food from organic supermarket dumpsters, “pay” their rent by doing all kinds of chores around the house and use a barter system to get the things they need. They only use money when they absolutely don’t have any other choice.

Rafael Fellmer was born in a good German family. His father is a successful architect and his mother an art therapist. He himself graduated in European Studies, in Hague, so there’s no question he could have gotten a good job, if he so wanted. But a few years back, Rafael realized there were things in this world much more important than money. He started gradually reducing his expenditures by doing things that didn’t require him paying anything. The economic crisis, the global food and water shortage, climate change, they all inspired him to live a frugal lifestyle, and made him realize that giving up money is a sure way to a more stable world order. Although there are those who consider him a “deadbeat” for not getting a proper job and providing for his family from supermarket dumpsters, Rafael Fellmer commands a lot of respect from those who share his views, and he is considered the leader of the life-without-money movement that is gaining a lot of popularity in Germany.

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