307: Elizabeth Willard Thames aka Mrs. Frugalwoods - Financial Independence Through Simple Living
The Ultimate Health Podcast
Jesse Chappus
4.5 • 1.5K Ratings
🗓️ 20 August 2019
⏱️ 71 minutes
🧾️ Download transcript
Summary
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
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)
Ramit Sethi - I Will Teach You To Be Rich (book)
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
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Transcript
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| 0:00.0 | A lot of it doesn't actually have to do with money. I think it's much more about environmentalism. |
| 0:06.0 | It's about being practical, efficient. It's about acknowledging what is enough. |
| 0:12.0 | Realizing that ultimately you can... what is that you cannot buy the things that are going to make you the most happy |
| 0:18.4 | and so prioritizing relationships and experiences and then the side benefit to a lot of that is that you do save money. |
| 0:27.0 | Hello and welcome to the Ultimate Health Podcast episode 307. |
| 0:35.0 | Jesse Chappas here with Marnie Wasserman and we are here to take your health to the next level. |
| 0:40.0 | Each week we will bring you inspiring and informative conversations about health and wellness, |
| 0:45.0 | covering topics of nutrition, lifestyle, fitness, mindset, and so much more. |
| 0:49.0 | And this week our featured guest is Elizabeth Willert Tames, known as Mrs. Frugalwoods. |
| 0:54.8 | She's the creator of the award-winning personal finance blog, Frugalwoods.com. |
| 0:59.2 | In 2016, at age 32, she reached financial independence and left a successful career in Boston |
| 1:05.4 | to create a more meaningful, purpose-driven life on a 66-acre homestead in the woods of Vermont |
| 1:11.1 | with her husband and their two young daughters. |
| 1:13.6 | Liz is the author of Meet the Frugalwoods, achieving financial independence through |
| 1:17.6 | simple living. She's been featured on the Today Show, PBS, NPR, in the New York Times, Forbes, Parents, Magazine. show PBS |
| 1:23.4 | PBS, NPR, In the New York Times, Forbes, Parents magazine, and more. |
| 1:25.9 | We're so thrilled to have Liz on the show. |
| 1:28.3 | As you probably know by now, we love having unique guests on the show that have interesting and inspiring stories. |
| 1:34.8 | Jesse's been following Liz for a bit and he just knew we had to have her on the show. |
| 1:39.4 | And we know you're going to love this very different and very unique conversation about living simply |
| 1:43.7 | and reaching financial independence. |
| 1:46.1 | So here's some of what we talk about on today's show. |
... |
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