035- The Power of Frugality and Simple Living To Reach Financial Independence w/ Mrs. Frugalwoods

<p>When it comes to saving, frugality is so more than just a habit, it’s a lifestyle choice. Liz Thames, affectionately known as Mrs. Frugalwoods, allowed a frugal lifestyle to help fuel her family toward Financial Independence and a simpler lifestyle in the woods of Vermont. Retired at 32, Liz and her husband made it a priority to make tough decisions on spending in order to save 70-80% of their income. She shares much of her wisdom on her blog, Frugalwoods, and we are delighted to have her be a part of this show. Their new book, Meet the Frugalwoods: Achieving Financial Independence Through Frugal Living Book is set for release and readers that pre-order by March 13, 2018, will receive a signed bookplate! Details are listed in the links below.</p> <p>(Also, YNAB, my favorite budgeting app is giving Journeyers a 2-month free trial, no credit card required to try their amazing budgeting system, check it out <a href= "https://www.youneedabudget.com/landing/journey-to-launch/?utm_medium=referral_sponsored&utm_source=journeytolaunch.com&utm_campaign=journeytolaunch_sponsored_2018" target="_blank" rel="noopener">here!)</a></p> <p>In this episode, we talk about:</p> <ul> <li class="p1">How frugality can simplify your life and catapult your savings goals</li> <li class="p1">How important it is to consider what makes you happy in making savings/retirement plans</li> <li class="p1">The simple formula for achieving financial independence</li> <li class="p1">How to cut your expenses to achieve the lifestyle you desire</li> <li class="p1">The significance of understanding the opportunity cost of the money that you are spending.</li> <li class="p1">The importance of remaining mentally connected to your financial goals</li> <li class="p1">How finding meaningful hobbies can help to keep you focused during the wait of finding financial independence</li> </ul> <p><strong>Other related blog posts/links mentioned in this episode:</strong></p> <ul> <li><a href= "http://www.frugalwoods.com/category/uberfrugalmonth/">Frugalwoods' Ube