NGPF Podcast: Tim Talks To Liz Thames, Author of 'Meet the Frugalwoods'
From buying her own car at the age of 16 to graduating with no student debt, Liz Thames seems to have always embraced the frugal lifestyle. After she and her husband took a hard look at their lives and thought deeply about what made them happy, they doubled down on saving money to pursue their dream: living in the Vermont woods. Liz realized that while financial independence is something we all crave, few actually take the difficult steps required to achieve it. In her new book, Meet the Frugalwoods, she shares the solutions to achieving that freedom!
- 0:00–1:01 Introduction
- 1:02–2:50 There’s more to life than living on autopilot mode
- 2:51–5:58 Fluorescent light bulbs just didn’t cut it anymore
- 5:59–8:55 Strategically & decisively pursuing their dreams
- 8:56–11:14 So… why Vermont?
- 11:15–14:56 Learning the lay of the land
- 14:57–17:15 Embracing a slower pace of life
- 17:16–24:14 Living debt-free
- 24:15–29:30 Who’s calling the shots when it comes to making financial decisions?
- 29:31–29:58 A word from NGPF
- 29:59–33:50 Liz, the self-taught money management guru
- 33:51–35:52 Family matters: judicious managers of their money
- 35:53–40:41 How to find frugal substitutions for things that you love
- 40:42–44:07 It pays to be self-sufficient
- 44:08–45:08 The biggest splurge was their home
- 45:09–47:26 Pursuing her passion project of writing
- 47:27–48:18 Conclusion
- Recently released book: Meet the Frugalwoods: Achieving Financial Independence Through Simple Living
- Her blog: Frugalwoods
- The Uber Frugal Month Challenge
- Investment advice from Bogleheads.org
- Money advice:
- Mr. Money Moustache
- Information on real estate: biggerpockets.com
- “I don’t think that money is everything, but money is what enables life.”
- “When you don’t have debt, and you have money saved up, you have a lot of options.”
- “Money really dictates how you spend your time. Money is going to dictate the type of life you live. It’s really not the other way around.”
- “Saving is just one part of the equation. You cannot just save money and throw it in a checking account. You have to build wealth in order to create a sustainable future for yourself.”
- “I’m deeply passionate about spreading the message of financial literacy and the message of the joy that being in charge of your money will bring to you. I think we have a real shortage of financial education in this country…”
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