Elizabeth Willard Thames, better known as Mrs. Frugalwoods (IG: @frugalwoods), is the creator of the award-winning personal finance blog, Frugalwoods.com. In 2016, at age 32, she reached financial independence and left a successful career in Boston to create a more meaningful, purpose-driven life on a 66-acre homestead in the woods of Vermont with her husband and their two young daughters.
Liz is the author of Meet The Frugalwoods: Achieving Financial Independence Through Simple Living. She’s been featured on The Today Show, PBS, NPR, in the New York Times, Forbes, Parents Magazine, and more.
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In this episode, we discuss:
- The name Frugalwoods – where it came from & what it means
- What is frugality?
- Growing up in a frugal family
- Living simply
- The evolution of Liz & Nate’s relationship
- Living on a homestead
- How to reach financial independence
- Why you need an emergency fund
- The Uber Frugal Month Challenge
- Start investing now
- What are total market index funds?
- Make sure you hire a fiduciary
- Liz’s financial book recommendations
- The process of investing
- Your money is your personal business
- Connecting to your goals
- Creative ways to slash your budget
- Barter & trade to save money
- Embrace imperfection
- How Liz spent only $20 preparing her baby nursery
- Hand me downs = money saved
- Being frugal is a lifestyle
- Frugality vs. minimalism
- Daily life on a 66-acre homestead
- Connecting in your community
- Save now and reap the rewards long term
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Related links:
Elizabeth Willard Thames – Meet The Frugalwoods (book)
Elizabeth Willard Thames’ website (Frugalwoods)
Follow the Frugalwoods on Facebook, Instagram, and Twitter
Uber Frugal Month Challenge
J L Collins – The Simple Path to Wealth (book)
Erin Lowry – Broke Millennial (book)
Erin Lowry – Broke Millennial Takes On Investing (book)
Vicki Robin – Your Money Or Your Life (book)
Dave Ramsey (books)
Mr. Money Mustache
Ramit Sethi – I Will Teach You To Be Rich (book)
Soda Stream
Related episodes:
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227: Andy Couturier – The Abundance Of Less • Enjoying The Process • Thinking For Yourself
149: Jen Sincero – Make Money By Mastering The Mindset Of Wealth
132: Ryan Nicodemus – The Minimalists • Gift Giving… The Healthy Way • Give Yourself A Pay Raise By Spending Less
123: Jonathan Fields – How To Live A Good Life • Breakthroughs Require Uncertainty • Money And Happiness Are Byproducts, Not The Goal
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This is a great podcast. I am a fan of the blog, and like the fresh perspective! Thanks.