Episode 13

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Published on:

27th May 2020

The Power Of Frugal Living With Liz Thames

There are many ways and strategies out there that purport to be the path to financial independence, but one truly stands out as a guaranteed path to successfully attaining that independence – frugal living. Despite misconceptions about what that means, frugal living is not about living destitute, but about making wise decisions as they pertain to the life you’re living. Liz Thames, better known as Mrs. Frugalwoods, is the creator of the award-winning personal finance blog, Frugalwoods.com. She sits down with Lee and Kat Hughes to talk about the viability of frugal living as a roadmap to financial independence. Is this a lifestyle change you’re willing to make to attain true financial independence?

Show artwork for Wildly Wealthy Life

About the Podcast

Wildly Wealthy Life

Hey There!

We’re Lee and Kat, the voices behind the Wildly Wealthy Life podcast, where we dive into what it really means to live a fulfilling, extraordinary life—one built on mindset, leadership, and creativity.

Back in 2020, we launched the podcast with a focus on interviewing people who had either gained financial freedom or were well on their way. The common thread in every story? Intentional generosity. We shared real stories from people who are living with purpose and giving back.

We made it to 30 episodes, but life had other plans—between launching a new business, losing Lee’s dad, and navigating our own personal challenges, we decided to take a pause and regroup. The world was going through a lot, and so were we.

But even in the midst of all that, we stayed grounded in what matters most to us: living intentionally and generously. Our marriage started with nearly $100K in debt, but through persistence and hard work, we paid it off and went on to buy five properties with a total of 13 units. That journey tested our grit and tenacity, proving to us that no challenge is too great when you're driven by purpose and determination.

When we were ready to relaunch, we knew the focus needed to shift. Now, Wildly Wealthy Life isn’t just about financial freedom—it’s about how brilliant minds and brave hearts, fueled by creativity, a growth mindset, and strong leadership skills, truly lead to an extraordinary life.

As we navigate this journey, we find joy in the little things—like spending time with our three fur babies, King Boogie, Prince Goose, and Princess Smokey. We’ve fostered over 20 kittens, and while we’ve faced the heartache of struggling to have kids after 18 years of marriage, caring for these little furballs has brought us comfort and laughter during some challenging times.

A few other things that bring us joy are gaming, hiking, and all things martial arts for Lee, along with building everything from furniture to model planes. For Kat, it’s all about reading, playing the piano, and having fun with aerial arts. We’re also passionate travelers and have had the privilege of taking our families on wonderful trips around the world.

Our marriage, like any other, has had its ups and downs, but each experience has only deepened our belief that true wealth comes from living with purpose and positively impacting those around us.

We’re excited to bring that message to each episode of Wildly Wealthy Life. So, whether you’re tuning in for mindset shifts, leadership tips, or a creative spark, we hope to inspire you to live your own Wildly Wealthy Life.

To Your Wild Growth,
Lee and Kat