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

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. (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 here!) In this episode, we talk about: How frugality can simplify your life and catapult your savings goals How important it is to consider what makes you happy in making savings/retirement plans The simple formula for achieving financial independence How to cut your expenses to achieve the lifestyle you desire The significance of understanding the opportunity cost of the money that you are spending. The importance of remaining mentally connected to your financial goals How finding meaningful hobbies can help to keep you focused during the wait of finding financial independence Other related blog posts/links mentioned in this episode: Frugalwoods' Uber Frugal Month Challenge Frugalwoods' Uber Frugal Month Challenge Meet the Frugalwoods: Achieving Financial Independence Through Frugal Living Book Pre-order and Signed Bookplate How We Saved $169,000 in 2 Years With the Help of This Budgeting System Join The Weekly Newsletter List Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! Watch me on News12  Watch my latest segments on News12 My One on One Money Coaching Services – Get my personalized 1on1 money coaching expertise to help you reach your financial goals YNAB –  Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 2 month trial of YNAB, my go-to budgeting app by using my referral link. Connect with The Frugalwoods on: Twitter Facebook Instagram Frugalwoods.com Connect with me: Journey To Launch Instagram Journey To Launch Twitter Journey To Launch Facebook Page Join the private Facebook Group