Meet the Frugalwoods

Meet the Frugalwoods

Achieving Financial Independence Through Simple Living

Book - 2018
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Publisher: New York, NY : HarperBusiness, an imprint of HarperCollinsPublishers, [2018]
ISBN: 9780062668134
0062668137
Characteristics: xv, 229 pages ; 22 cm

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T5
Jan 26, 2019

After reading all the comments about this book. I'm not going to waste my valuable time reading it.
Thanks everyone, i'll make myself a cup of coffee and head to the blog.

VaughanPLDaniela Jan 21, 2019

An inspiring read that certainly had me thinking hard about many of my own financial decisions. Through sheer tenacity, persistence and discipline the author and her husband achieved their goal of early retirement (for her, age 32!). There is a lot of valuable information in this book for those who are open minded.

This book is the story of how a couple of non-profit workers (at least one of whom earns more than the investment bankers the author disingenuously investment bankers infers are overpaid) hit the real estate market at a peak time, enjoyed 100%-employer-paid health insurance, got a free MA degree (the advantages keep piling up) decided against ever buying the $40 per pound gourmet cheese and created a blog to help all the financially-challenged people similarly avoid such poor decisions. And then monetized the heck out of it, putting their household in at least the top 5% of all American households.

Frugality did not give these people their holdings: a top-tier annual salary did. There is nothing in this book that is not also on the blog. This is a memoir of people who lucked-out; it doesn't offer ANY advice on how you can save your own money (unless avoiding over-priced cheese, finding a partner who doesn't spend everything you save, and other totally obvious and hardly groundbreaking pointers).

If you want financial advice, here's some totally free advice:
1) Don't confuse wants (Starbucks) and needs (coffee).
2) If you earn $15 per hour (before taxes), don't buy $40 per LB cheese.
3) If it sounds too good to be true, then it probably is. The wheel has not been reinvented, so maintain a healthy dose of skepticism!

If you're still interested in the book, check out the blog. Look for the post about how the millionaires raced to a thrift store to purchase a $5 stroller, with the author panicking over the thought that an actual poor person might beat her to it, and then follow it up with the one about the new truck purchase, or one of the many about scheduling time for yoga. If you're looking for any advice on say, how to save enough money for a 30-day CTA pass, forget it! The FW blog has discouraged people asking for advice from taking the bus, positing that it is much better for your wallet to take a bike to work.

w
Wattson
Aug 18, 2018

She has a blog. Moved to Vermont FIRE. A little too much about narrative of life, but gets you thinking about consumerism and spending money vs being frugal with a twist on getting closer to nature. Makes me think about needs and what I can give up.

s
slcasady
Jul 23, 2018

Interesting memoir about life priorities. That said, Frugalwoods doesn't seem to be as frugal as she claims (she stops buying artisanal cheeses to save money...) and there's little advice about actual frugality and basically no advice on investing.

a
ambrownlow
Jul 04, 2018

This is a very well written book that is based on the blog (The Frugalwoods) that she writes. It tells of their journey to financial independence and how they achieved that at such a young age. She explains her commonsense perspective on why she and her husband are frugal in a world based on consumerism. I recommend anyone who is looking for motivation to save more money and get more out of life read this book.

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