Elizabeth Willard Thames – Meet the Frugalwoods
Financial Independence Podcast
The Mad Fientist
4.8 • 1.7K Ratings
🗓️ 5 March 2018
⏱️ 76 minutes
🧾️ Download transcript
Summary
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
Transcript
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| 0:00.0 | I'm blind to give you a true finance. |
| 0:05.0 | Hey, everyone to the Financial Independence Podcast, the podcast where I get inside the brains of some |
| 0:10.3 | of the best and brightest and personal finance to find out how they achieved financial independence. |
| 0:15.0 | On today's show, I'm excited to welcome back Mrs. Frugalwoods. |
| 0:18.0 | Liz was last on the show back in December of 2015, |
| 0:21.0 | and we had a great discussion about frugality and all the crazy plans they had. of And they've done all that. It's now two years later, they have a baby, another one on the way. |
| 0:36.3 | They have a homestead in Vermont, and they're living their early retirement dream. |
| 0:40.6 | So I was excited to get her back on the show so that I could talk to her |
| 0:43.4 | about everything that's happened over the last couple of years and see if the reality of |
| 0:47.2 | Homesteading Vermont lives up to their dream of it and I'm also excited to hear |
| 0:51.8 | about everything else she's been up to because she just released a book that's out today and she was kind enough to send me an advanced copy of it and I absolutely loved it. |
| 0:59.0 | It actually read more like a fiction book and it was incredibly engaging, but it was still packed with all the great |
| 1:04.2 | information that she has on her blog so I highly recommend it and I'll put a link in the |
| 1:09.1 | show notes you can check that out. I also have some rapid-fire questions that I'm excited about so make sure you |
| 1:13.9 | listen to the end so that you can hear those because I have a few funny stories |
| 1:17.1 | that highlight the darker sides of frugality so let's get read into it this is my |
| 1:21.0 | interview with Liz from frugalwoods.com. |
| 1:24.0 | Hey Liz, welcome back. |
| 1:27.0 | Hi, thanks so much. I'm delighted to be here. |
| 1:30.0 | So I looked into it and it was exactly two years ago yesterday that you were on the show in episode number 16. |
| 1:36.8 | So it's currently December 12th we're recording this. |
| 1:40.1 | So yeah, December 11th, 2015 is when you guys were first on the show. |
... |
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