We show how replacing a fraction of Mg with Li in a lean Al-Mg-Si alloy gives comparable strength and enhanced temperature stability. Replacing solute with smaller amounts of Cu and Li also improves thermal stability and nearly compensates the strength loss for longer ageing times. High angle annular dark field scanning transmission electron microscopy (HAADF-STEM) documented Li and Cu causing modest structural changes to the main hardening precipitate, β". However, density functional theory calculations verified the observation from HAADF-STEM that Li preferentially occupies Mg3 sites in the β" structure.