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:

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

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