Episode Details

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.

Tap here to go to our show notes to download the worksheet for this episode

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:

Tap here to go to our show notes to download the worksheet for this episode

Elizabeth Willard Thames - Meet The Frugalwoods (book)

Elizabeth Willard Thames' website (Frugalwoods)

Follow the Frugalwoods on Facebook, Instagram, and Twitter

Uber Frugal Month Challenge