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 Show sponsors: Vuori Clothing <== 20% off your first Vuori order Thrive Market <== As a new customer you get a free 30-day membership, 25% off your order, and free shipping (US only) Four Sigmatic <== 15% off all Four Sigmatic products (free shipping on orders $100 or more) Organifi <== 20% off all Organifi products 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 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: 268: Sarah Wilson – Zero Waste Cooking • Minimal Consumption • Start Thinking Differently 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 Note: Some of the links above are affiliate links. Making a purchase through these links won't cost you anything but we will receive a small commission. This is an easy, free way of supporting the podcast. Thank you! How can you support our podcast? 1. Apple users, please subscribe and review our show on Apple Podcasts, we make sure to read them all. Android users, be sure to subscribe to our show on Google Podcasts. Subscribers never miss any of the action ;) 2. Tell a friend about The Ultimate Health Podcast. They will surely thank you later. You can use the envelope button below to email a friend or tell them about TUHP in person. 3. Join TUHP Facebook community (FREE). This is where we all stay in touch and ask questions in between episodes. Join our community. 4. Follow our adventures on our favourite social media platform, Instagram. 5. Download The Ultimate Health Podcast app (FREE). This way you'll have our whole library of episodes right at your fingertips. Download our iOS/Apple app or our Android app. 6. Share using the buttons below. Thank you!
Today I’m here with Elizabeth Willard Thames talking about intentional spending. Liz is the creator of the personal finance blog Frugalwoods and book Meet the Frugalwoods, who reached financial independence at 32 and moved onto a 66-acre homestead in the woods with her husband and 2 young daughters. We go over frugality, lifestyle design, redefining success, relationships, parenting, community, and environmentalism. Get the full show notes here: www.sageparenting.com/podcast30 Support the Sage Family Podcast here: www.patreon.com/sagefamily
Your path may not be to quit city living and move to the woods, but that's not what Liz's (a.k.a. Mrs. Frugalwoods) story is about. In her new book, Meet the Frugalwoods, she shares how defining your life can help lead you to your best life, whether that’s living simply in the country, living it up in the city, or being nomadic and travelling the world. Not matter what path you end up on, the most important things to always remember is being true to yourself and making sure you’re living a life with more intention. Long description: Joining me again on the podcast, and now no longer an anonymous blogger at Frugalwoods, Elizabeth Willard Thames is the newly published other of Meet the Frugalwoods. Not a “how-to” book on living that frugal life or reaching financial independence, but her personal story of how she was trying to check-off life’s checklist only to realize, that checklist wasn’t making her happy and didn’t align with her values anyway. I’m pretty sure most of us can identify with this. How many of us have been checking off things throughout our lives without really taking some time to think about whether what we’re doing or achieving is actually making us happy or bringing us fulfillment? I know I was doing that exact thing up until a year ago. I got my degree (check!), got married (check!), got a corporate job in Toronto’s financial district (check!), and by anyone’s standards was “making it.” But it didn’t feel like that to me, which is why I did a crazy thing and quit my job to work for myself. That’s why I totally get Liz’s story in her book. I can relate to it on such a personal level. Heck, I even fantasize about moving to the country (in the Maritimes) with my husband in the next few years. Now, I’m not sure if that’ll actually happen, but I am definitely taking a page out of Liz’s book by trying to be more intentional with my life and also practicing sustainable frugality. To me, that means spending my money on stuff that brings value to my life, and not spending money on stuff that doesn’t. Also being strategic so I can maximize my dollars so there’s more money to save and invest for my future. To me, this book was a great in-depth look into someone’s personal finance journey. I really loved this book, and I hope you do too! Check Out Liz’s Top Blog Posts Announcing My Book, “Meet The Frugalwoods: Achieving Financial Independence Through Simple Living Introducing Littlewoods! How I Figured Out What I Want To Do With My Life (And How You Can Too!) How To Be Frugal With Your Time, Not Just Your Money Buy & Review Meet the Frugalwoods Buy on Amazon.ca Buy on Amazon.com Buy on Indigo Review on Goodreads For full episode show notes, visit https://jessicamoorhouse.com/149
Today on the Financial Independence Podcast, I welcome back Liz Thames (a.k.a. Mrs. Frugalwoods)! Liz was last on the show over two years ago and a lot has changed. Since then, she’s made her dream of retiring to a homestead in Vermont a reality, she’s had two babies, and she’s just published a book! It was great to catch up with her to hear about everything that’s happened over the last couple of years and to find out whether her early retirement dream is actually as good as she hoped it would be. And since we’ve become good friends since our last interview, it was fun to challenge her on some of her more “borderline” frugal habits and also share my most embarrissing frugal hack :) Highlights: What’s changed since our last interview Has the Vermont homestead reality lived up to the dream Why you should just start things How to embracing a $0 budget Why you should eliminate everything and then add back the things you enjoy How the Frugalwoods go about buying things My super embarrasing frugal confession How to deal with the long slog to FI after initial period of excitement Why frugality can help build community
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