Liz Frugalwoods – Retire in Your 30s and Achieve Financial Independence by Being Frugal

Wild Ideas Worth Living

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4.7 • 1.3K Ratings

🗓️ 28 March 2018

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

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Summary

Author Elizabeth Thames, aka Liz Frugalwoods, is the voice behind the blog and new book, Meet the Frugalwoods. Liz and her husband did everything they were supposed to: attended a good state college, graduated, and got jobs. But as millennials working 9-to-5 jobs for non-profits, they knew there was something beyond the daily grind. Instead of just working harder and harder, they instead used extreme frugality and retired in their early thirties.

Transcript

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0:00.0	This is episode 67 with Elizabeth Tam's also known as Liz of Frugalwoods, an extreme saver and hiking enthusiast.
0:10.3	Welcome to Wild Ideas Worth Living, an adventure podcast presented by REI Co-op, the brand who helps get you outside through gear, classes, and adventures.
0:20.0	We talk to experts who have taken a wild idea and made it a reality so you can too.
0:25.0	For people who have climbed the tallest peaks, started thriving businesses, and even broken records,
0:30.0	some of the wildest ideas can lead to the most rewarding adventures. I'm your host
0:35.3	Shelby Stanger and I hope you enjoy this show.
0:39.8	Part of living wildly is having the means to pull it off. So we've interviewed
0:48.8	dumpster divers and minimalist but Elizabeth Tams also known as Liz Frugalwoods, author of the new book
0:55.5	Meet the Frugalwoods, has a different story. She's a millennial who used extreme
1:00.8	frugality with her husband to retire in their early 30s.
1:04.7	Today Liz is still in her early 30s.
1:06.6	She has two daughters including a newborn.
1:09.2	She lives on a 60 acre homestead in Vermont,
1:12.1	and she works on her blog Frugalwoods only because she
1:15.3	wants to. She and her husband Nate who she met in college did everything they
1:19.6	thought they should as successful young American adults.
1:23.1	They went to good state colleges, got good jobs,
1:26.4	working at non-profit, so not jobs on Wall Street.
1:29.8	But they both realized there was just more to life than the daily grind of a 9 to 5.
1:35.1	So rather than go out and make more money so they could spend more money, they just spent
1:39.6	less.
1:40.6	Extremely less money to achieve financial independence in their early 30s.
	...

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