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ChooseFI | Financial Independence Podcast

Meet the Frugalwoods | Achieving FI Through Simple Living

ChooseFI | Financial Independence Podcast

Jonathan Mendonsa & Brad Barrett | Choose FI Media, Inc

Business, Investing, Careers

4.85.2K Ratings

🗓️ 5 March 2018

⏱️ 64 minutes

🧾️ Download transcript

Summary

Most people dream about quitting their jobs to pursue a simpler life—Elizabeth Thames actually did it, documenting every step on her way to financial independence in rural Vermont. In this episode, Elizabeth returns to share the story behind her newly published book, Meet the Frugalwoods: Achieving Financial Independence Through Simple Living. She discusses how the Frugalwoods blog evolved from a family explanation into a platform that reached thousands, the life changes that led her family to leave traditional careers for homesteading, and how frugality transformed her relationships and environmental impact. Elizabeth also reflects on the lessons learned from previous writing failures, the privilege inherent in financial independence discussions, and the power of aligning spending with values. Key Topics Introduction of Elizabeth Thames [00:00:41] Elizabeth reflects on her past and current work in the financial independence community. The Origin of Frugalwoods [00:02:07] The blog started as a way to explain financial decisions to family and evolved into a robust platform. Reflection on Life Changes [00:04:06] The decision to shift from traditional careers to living in a homestead as a response to feeling unfulfilled. Lessons from Past Blogging Attempts [00:12:05] The realization that pursuing passion yields greater rewards, reflecting on previous unfulfilling writing experiences. Impact on Community and Relationships [00:33:06] The enhancement of relationships through shared frugal practices and community engagement. Environmental Consciousness through Frugality [00:51:36] Examining how frugality leads to sustainable living and reduced consumerism. Closing Thoughts and Book Promotion [01:00:30] Promotion of her book and final insights on living intentionally and finding fulfillment. Notable Quotes "Set your priorities, decide where you want to go, and your money will follow." [00:04:06] "To pursue your dreams, just start writing." [00:06:06] "Pursuing what you are legitimately passionate about yields tremendous dividends." [00:12:05] "Frugality turns you into a mindful, grateful giver." [00:58:55] Resources Meet the Frugalwoods - Book by Elizabeth Thames [01:00:30] Uber Frugal Month Challenge - A month-long challenge to reboot your finances and reassess spending habits [00:26:49]

Transcript

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0:00.0

The world has changed a lot over the last several years.

0:02.0

And there's many industries that have been adversely

0:04.0

and negatively affected by that.

0:06.0

And the career outlook in those industries

0:08.4

has been tarnished or damaged maybe for years to come,

0:11.6

which has put a lot of people in a pinch

0:13.4

and looking for the possibility of a pivot.

0:16.4

We've put an increasing amount of focus

0:18.2

on unlocking the power of certificate programs,

0:20.9

which enable us to quickly pivot into a new career

0:24.5

in a very cost-effective manner,

0:26.2

unlocking fantastic income potential

0:28.6

and remote work flexibility.

0:30.7

For those of you that are maybe for the first time

0:32.5

considering making a similar transition,

0:34.8

let me encourage you to check out Salesforce

0:36.7

as a potential option.

0:38.6

It's hard to overstate how amazing the growth potential

0:42.4

in this particular industry is

0:44.2

and how amazing the starting salary is,

0:47.5

even for people that are literally working their first job

0:50.7

in this role with no prior experience.

...

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