How I Saved $100,000 By 25

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  • čas pƙidĂĄn 27. 07. 2024
  • This is how i saved $100,000 by 25 making at or below the median income. Saving money is more important then every right now. about 7 years ago i asked how to save money so that i can use that money to buy freedom and leave my 9-5. And it turns out ya gotta be a bit weird but if you want different results you need different actions for me saving money came down to frugal living and delayed gratification for a few years to save alot and start investing.
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Komentáƙe • 645

  • @GabeBult
    @GabeBult  Pƙed 2 lety +129

    What are your money saving tips?

    • @juliemarkham4332
      @juliemarkham4332 Pƙed 2 lety +24

      Automated savings at a bank other than my credit union, with no ATM or debit card access.

    • @homeandgardendiaries6384
      @homeandgardendiaries6384 Pƙed 2 lety +8

      It’s great saving money but when you deposit your money in the bank it belongs to the bank. We can have bailins and not have access to our money. Keep enough in your account to cover bills and invest in gold and silver as recommended by Jeremiah Babe.

    • @juliemarkham4332
      @juliemarkham4332 Pƙed 2 lety +8

      @@homeandgardendiaries6384 Or make sure your deposits are FDIC protected.

    • @homeandgardendiaries6384
      @homeandgardendiaries6384 Pƙed 2 lety +3

      @@juliemarkham4332
      That will not matter for bank bailins.

    • @juliemarkham4332
      @juliemarkham4332 Pƙed 2 lety +4

      @@homeandgardendiaries6384 Why not? It's the insurance company that covers the money, not the banks themselves.

  • @lucaseilbacher77
    @lucaseilbacher77 Pƙed 2 lety +1313

    The 30 day rule! If you want something, write it down, if you still want it 30 days later, then I consider it worth buying. Most of the time, before the first week has passed, I’ve forgotten the desire to buy it, and even forget that I wanted that item😂

    • @GabeBult
      @GabeBult  Pƙed 2 lety +107

      💯 most stuff is not necessary

    • @sarahmc8309
      @sarahmc8309 Pƙed 2 lety +3

      Me too 😂😂😂😂

    • @drgreenthumb8889
      @drgreenthumb8889 Pƙed rokem +5

      Thank you imma try this 😊💗

    • @lifetimestoriesphotography
      @lifetimestoriesphotography Pƙed rokem +5

      I like this one usually I waited a week now I go a month haha

    • @MelissaCarterRealtor
      @MelissaCarterRealtor Pƙed rokem +5

      I started doing this about a year ago. What an eye opener! I have saved a ton. Most of the time if it is something I need when I went to go buy it 30+ days later it was on sale or there was a better version!

  • @FrogeniusW.G.
    @FrogeniusW.G. Pƙed 2 lety +449

    "Work more hours to earn more money to buy more expensive stuff, to impress people I don't even care about." 😅
    I love this channel..

    • @lilibethvilella
      @lilibethvilella Pƙed rokem +5

      Brilliant 😉😂

    • @dudanunesbleff
      @dudanunesbleff Pƙed rokem +6

      He IS working more hours to earn more money. The only difference is that he isn't doing it for social reasons.

    • @FrogeniusW.G.
      @FrogeniusW.G. Pƙed rokem +1

      @@dudanunesbleff But not more hours in the sense of more than the regular 8 hours..

    • @MR-pw4zn
      @MR-pw4zn Pƙed rokem +10

      It’s a quote from the movie fight club I believe?

    • @albert_zweistein7196
      @albert_zweistein7196 Pƙed rokem +2

      The golden rule that already my grandpa told me

  • @guildardaze1438
    @guildardaze1438 Pƙed rokem +18

    I spent nothing. And my body failed me. Lost it all in hospital bills and recovering.
    It's good to save up. So do the work. But you might not be rich even after all this. But it saves you if you truly need it
    You don't control stuff like cancer. And it hits the old and the young. Stay safe. Stay healthy

  • @ellajones9787
    @ellajones9787 Pƙed rokem +44

    Great advice. I'm 63 and my parents taught me the same way of thinking. Though I screwed up a few times, I was still able to amass close to $2M net worth on a median income and just bought my retirement home with cash. Just keep in mind that it's just stuff.

    • @getinthespace7715
      @getinthespace7715 Pƙed 7 měsĂ­ci +2

      Awesome! Great job.
      I'm saving to build my own house this summer.
      Just hit 40. Wife graduated nursing school. Moving to be closer to her family. I'm an Engineer bringing my job with me and working mostly remote.
      The market where we are moving is broken. No inventory and prices are insane. I can build myself for 30-40% of the listed price of a similar modestly sized new home. Did a rough estimate. Now I'm working on a detailed design and accurate estimate.
      If it works out well...
      I'll start working on an upgrade in a year or 2. Then sell the first place.

  • @rochellerobinson939
    @rochellerobinson939 Pƙed 2 lety +381

    I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc.

    • @rush33n
      @rush33n Pƙed rokem +6

      Wow! Super inspiring!

    • @XxAlex530xX
      @XxAlex530xX Pƙed rokem +3

      Did you go to college for that job?

    • @yellowballoon4143
      @yellowballoon4143 Pƙed rokem +13

      You landed a 100k job salary in the Midwest with only 15k in debt? That’s pretty cool, I’d love to hear more about your story.

    • @mmaisking1
      @mmaisking1 Pƙed rokem +30

      Pretty easy to save money when you make a lot of it.

    • @777Bviews
      @777Bviews Pƙed rokem +2

      @@mmaisking1 đŸ™ŒđŸœđŸ™ŒđŸœ

  • @EZTravels99
    @EZTravels99 Pƙed 2 lety +238

    I recently found your page and I love your content man. Keep it up . Your inspiring me to take action and get myself some assets. I’m 22 and I’ve been living in my car for a year. Both my parents passed away and I’m on a mission to have a better life . I’ve been minimalist for a while now. Just barley starting my journey to save 100k by 25 ! Thank you man I look forward to your next video

    • @tirsedenia
      @tirsedenia Pƙed 2 lety +30

      IÂŽm very sorry for your loss, wishing you the best! You got this :)

    • @angelchavez4369
      @angelchavez4369 Pƙed rokem +10

      i’m sorry for your loss! stay strong

    • @kaykay710
      @kaykay710 Pƙed rokem +10

      So sorry for your loss. Stay strong and don’t let anything get in your way. rooting for you!

    • @ivanmayet7879
      @ivanmayet7879 Pƙed rokem +8

      I'm sorry to hear that bro, i hope you will find the strenght to move on

    • @elbell6910
      @elbell6910 Pƙed rokem +9

      @ Elias Zaragoza, do what you need to do, but ensure you are taking care of your health in the process, because it is the greatest wealth you have.

  • @karenmendes5867
    @karenmendes5867 Pƙed 2 lety +85

    One thing I often do when I’m shopping is to look closely at my shopping cart right before I checkout because I’ve learned that while I shop I do tend to put a few impulse purchases in the cart or just things I don’t need. I also try to go minimal on food especially fresh vegetables and fruit. It’s so easy to buy a a lot of healthy fresh food with the intent of eating healthy but then you can’t get to it all in time and it goes bad and gets wasted. Another thing I’ve done that helps a lot is to chop up and freeze either raw produce or I will cook it first just to avoid it going bad in the fridge. I freeze it while it’s fresh and I get to use it later. I also will freeze leftovers rather than leave them in the fridge as I will get tired of eating the same meal over and over but if I save a few portions for later o will enjoy it more and avoid the possibility of it going bad in the fridge. Basically just trying to avoid food waste saves money. Love your videos

    • @jerrylisby3440
      @jerrylisby3440 Pƙed rokem +4

      Great idea on left overs. We used to box up some of the kids toys and put in attic. Would get out a year later. It was like new toys again for them. Absence creates fondness. 😄

    • @katiegleaves3792
      @katiegleaves3792 Pƙed rokem +2

      @@jerrylisby3440 I do this with my cat's toys! (rotate them in/out occasionally) to keep things "new" and exciting, without the need to go out and buy new ones so often (plus, i don't like most of the commercial cat toys - they fall apart so easily) so another tip I can share, is to DIY toys instead!! Last year we took in a foster kitten. He destroyed 5 toys within a week. So I cut up an old pair of jeans that was falling apart, and made TWENTY toys out of it for free! I kept some, tested them with our kitties, and donated the extras to our local no-kill animal rescue center :)

  • @bluemermaid6515
    @bluemermaid6515 Pƙed 2 lety +9

    Always look forward to your videos you keep me on track .Love seeing you guys in your natural habitat! Being a minimalist helps and also fighting my instinct to be cheap for survival but sticking with quality as its always worth it in the end.

  • @slhilliard
    @slhilliard Pƙed 2 lety +15

    That is so true about the timing of dopamine. Adding to cart is the best part :). All I've done lately is just add to cart. No buying. It works!

  • @_sunnycute_
    @_sunnycute_ Pƙed 2 lety +9

    Thank you Gabe, I really enjoy your channel. One thing I do is stick to a budget when I'm grocery shopping. If my budget is $60 and my total is $65 I will put something back, because often it was an impulse purchase anyway and I didn't need it :)

  • @preethiprabhuram6371
    @preethiprabhuram6371 Pƙed rokem +2

    Thanks for this video.. made me realise I have been following 95% of your tips here and I am living a minimalist lifestyle.. thank you for the other useful financial tips!đŸ‘đŸŒ

  • @ellendunn559
    @ellendunn559 Pƙed 2 lety +53

    First, Gratitude for whatever I do have. Second, and it may sound a little weird, but Give. I regard the first 10% of what I earn as “not my money,” and I give it away. These two things help loosen my grip on the money and reduce the anxiety and self-centeredness that can happen while trying to reduce spending and save. It keeps me mindful of the fact that I’m not the only person on the planet, there are people a lot worse off than I am, and no matter what my circumstances, I can always do something - no matter how small - to help someone else. Been doing the 10% Not My Money thing for years and have lacked nothing I really needed.

    • @qualitysleep6074
      @qualitysleep6074 Pƙed 2 lety +7

      Give until it hurts! I try to give as much as I can and you are right, the hold of stuff goes.
      What good is it if a man gains the whole world but loses his own soul?

    • @ering1107
      @ering1107 Pƙed 6 měsĂ­ci

      @@qualitysleep6074 Give until it hurts? Like give all your money away so you can't feed yourself and your tummy hurts from starvation..? Doesn't sound like a good way to live to me.

  • @ReubenDomingo1
    @ReubenDomingo1 Pƙed 2 lety +18

    Thanks for proving that formal education is not the be all and end all in life. I really don’t like others shoving the idea that college is everything.

  • @jamesowen9384
    @jamesowen9384 Pƙed rokem +161

    Despite the difficult market conditions so far this year, retirement is a common investment goal. In order to beat the recession, it is advisable to allocate money in your budget for investments that will be stable enough to see you through the upcoming year as well as how much should be invested for retirement.

    • @noelstout3056
      @noelstout3056 Pƙed rokem

      @Rahul Toggi Stocks investing require expectations of the long-term benefits, not just short-term losses or profits... I’m taking advantage of small price moves, it can be a lucrative game if played correctly.

  • @erikaarevalo1183
    @erikaarevalo1183 Pƙed rokem +1

    Thank you for this video. You give practical and realistic tips that the majority can do. I have learned a lot. Keep posting!

  • @jackieconrad4500
    @jackieconrad4500 Pƙed 2 lety +104

    Ah Gabe, I love your content. I'm in the England and people are all complaining about not being able to afford things, but i'm not. I'm a part-time, self employed gardener and a single parent and I still have money that is saved because I live by these exact rules. The only thing I would add is, don't listen to others. People who are coming into my home for the first time always say, you don't want to do it like this you want to do it like that. I love how I live and they're all in debt, so why would I listen to them. Now I've just got to find me a side hussle. Looking forward to another great video.

    • @sarahmc8309
      @sarahmc8309 Pƙed 2 lety +10

      I’m a single parent in Ireland and I do the same !I do this for myself and not my child - he gets what he needs but myself I can go longer without certain things ! I always check our free things and budget things like hair model get hair cut etc etc it is tough but I did lose my rental due rising costs but ended up with a distant relation and now I’m saving hardcore - I pay bills In their house and keep life simple ! I thank the universe for having a roof even if not idea while I graft and grind to get my own ! I start my day off being grateful for having just the smallest of things . It really really makes me so thankful . We should be able get things if we need them and not struggle but sometimes we have t back to get to where we wana be ! I have gut feeling this time next year I will have over 60k saved and I’m damn proud myself for all Iv sacrifices clothes - things out - no holidays in 5.5 years / salon visits . You get my gist ! Keep bringing joy to your life with the simple things !

    • @eddiebirch2067
      @eddiebirch2067 Pƙed rokem

      I'm English too , get you're hgv license , earn 15 to 25 an hour mate

    • @littlefairyland763
      @littlefairyland763 Pƙed rokem +3

      @@sarahmc8309i suggest invest in gold bar.. .i always regret just saving money because the value of money decreased by the inflation

    • @nadogrl
      @nadogrl Pƙed rokem +1

      @@littlefairyland763 - Silver is more affordable.

  • @jessicawarn2010
    @jessicawarn2010 Pƙed rokem +2

    I can tell how much work you put into this single video. Great video. Love your vibe

  • @alrbredwall
    @alrbredwall Pƙed rokem

    I love your advice on buying used cars and avoiding sales. I have subscribed to this for years and it saves alot. Congratulations on saving.

  • @neideisabelmua
    @neideisabelmua Pƙed rokem +36

    I’ve noticed that I get the same “high” doing a lot of online shopping for things that I really like but don’t really need, so I just have fun picking stuff but then I never check out and pay 😂😂 And 90% of the times I end up thinking it was great that I didn’t check out because I can totally live without those things
 Thanks for sharing your tips with us 😊

    • @karinahewitt6259
      @karinahewitt6259 Pƙed rokem +4

      😂😂 I also have fun shopping on line then empty my cart 😂😂

    • @rainacherienne1010
      @rainacherienne1010 Pƙed rokem +5

      Girl, I do the same offline, I can go to 9 stores on Saturday, “shop”, pick stuff, try it on, and then put it back before I leave, I’m having the same fun as if I bought it.

    • @Z0MBiiK1TTY
      @Z0MBiiK1TTY Pƙed rokem

      I do this without meaning to because things aren't meeting my expectations.

  • @bessieoriotis5104
    @bessieoriotis5104 Pƙed 2 lety +50

    I really feel proud at what you and your wife had done economically. Your frugality reminds me of my oldest son. These things that you have done is the remedy to the money problem. If people did this they would have a better life.

    • @katiegleaves3792
      @katiegleaves3792 Pƙed rokem

      agreed! My spouse and I have always lived frugally, though often not by choice. We do not have any credit cards, and the only outstanding debt we've had (until recently, when we bought a car and are now working on building our credit, in preparation for bigger expenses down the road, like buying a house eventually) is some emergency medical bills. It is a simpler life with less stress hanging over our heads.

  • @running_realestate
    @running_realestate Pƙed rokem +5

    I did the same thing, so it is fun to see your perspective. My journey to $100K was brutal, especially the first $50K. Thanks for sharing

  • @MsLinaPeanut
    @MsLinaPeanut Pƙed 2 lety +5

    Thanks for all the content Gabe. You're one of my favorite youtubers lol. Listen to you everyday while I'm working!

  • @dmb1995ta
    @dmb1995ta Pƙed rokem +1

    It's never too late to start! Excellent content in ALL of your videos. I recently found you on CZcams. Keep up the great work!

  • @TheJanbates
    @TheJanbates Pƙed rokem

    Love your brain. My husband and i have found company, finally. Pretty much everyone we know live to IMPRESS. keep the videos coming....you are helping many people. Not us cause we are already "like minds".

  • @AirForceA7x
    @AirForceA7x Pƙed 7 měsĂ­ci

    Love your channel and the simplicity by which you (and your partner) live their lives. A dream!

  • @reconstructingleslie4597
    @reconstructingleslie4597 Pƙed rokem +1

    I love you so much! Thanks for all you do sharing your ideas with us!❀

  • @Violet1996-
    @Violet1996- Pƙed rokem +3

    I used to move every year haha 😅 but now im finally a house owner and will be renting out the second room once we’re all settled and fully moved in. Im sooo excited for that because it will help financially soo much! And ive been cutting down on my grocery bill too! So im excited for that too đŸ”„

  • @kristapisano8142
    @kristapisano8142 Pƙed 2 lety +207

    I'm a relatively new subscriber, and I just wanted to thank you for something in particular. I'm a teacher, and I appreciate you for talking so openly about not graduating from high school. Conventional education isn't for everyone, and things like personal finance, trade opportunities, etc. are lacking in our public schools (in my opinion). And I'm speaking as someone who works within the system. You show your audience that with hard work and dedication, you can still do some extraordinary things with your life and gain wisdom non-traditionally. I think we as a society need to stop shoving college degrees down students' throats..which inevitably can lead some to feel like failures when they (wisely) recognize that it just isn't the path for them. Great content as always :)

    • @GabeBult
      @GabeBult  Pƙed 2 lety +32

      Thanks I really appreciate it.
      Honestly I think graduating high school would’ve been good if I wasn’t such a terrible student at the time lol but most everything I learned in high school wasn’t really useful as far as being successful in life. It’s just hard work and learning every day

    • @pennynickels5216
      @pennynickels5216 Pƙed 2 lety +2

      @@GabeBult you can get a GED

    • @deniselara7809
      @deniselara7809 Pƙed 2 lety

      PREACH!

    • @irinayes
      @irinayes Pƙed 2 lety

      👍 agree

    • @littlefairyland763
      @littlefairyland763 Pƙed rokem +1

      I am so agree with you. I regrets that scholl doesn't taught me what subjects Actually really important for our life. Self finance management, good attitude, positive thinking, nutrition, habits netc... I just learned all this stuff from youtube

  • @SophieBillings
    @SophieBillings Pƙed měsĂ­cem

    This is probably the most helpful video I’ve watched thankyou đŸ‘đŸ»đŸ‘đŸ»

  • @baileymclean8186
    @baileymclean8186 Pƙed rokem +117

    The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.

    • @roseroland1998
      @roseroland1998 Pƙed rokem +2

      @Lloyd Bernard

    • @glenbert1396
      @glenbert1396 Pƙed rokem +9

      @@roseroland1998

    • @lisaollie4594
      @lisaollie4594 Pƙed rokem +1

      @@glenbert1396

    • @glenbert1396
      @glenbert1396 Pƙed rokem +3

      @@lisaollie4594

    • @anthonyrussell5718
      @anthonyrussell5718 Pƙed rokem +3

      @@glenbert1396 I lookedup Katherine using her fullname and she seems pretty tight and outstanding . She’s a fiduciary who will act in any individual best interest. so i booked a session with her

  • @susan5661
    @susan5661 Pƙed 2 lety +9

    “Um, pay no attention to the drinks behind me”. !!! Excellent tips Gabe

  • @nolakillabeast
    @nolakillabeast Pƙed rokem +2

    I worked a lot on my relationship with money and to me it always meant freedom. That is to say spending money meant freedom, not being able to meant being sad. So I always spent like an idiot, but lucky for me on food etc, not on ferraris hehe, but it adds up like crazy.
    Currently on a quest to save while enjoying it too. Kinda like gamifying my saving effort.
    Great content !

  • @ZachMurtaugh
    @ZachMurtaugh Pƙed 2 lety

    As always Thanks for the useful tips!

  • @DIYwithTina
    @DIYwithTina Pƙed rokem +1

    Thank you! Watching your video for the 1st time & great advice

  • @AT90963
    @AT90963 Pƙed 2 lety +2

    Earned my sub! The couch đŸ€Ż so creative.

  • @JoshLPB
    @JoshLPB Pƙed rokem

    I actually appreciated that couch shot. That earned my like and sub!

  • @ModernDayPilgrim
    @ModernDayPilgrim Pƙed 2 lety +17

    All I have to say is that you and my husband are like the same person. Except for the opening credit card idea.
    We’re definitely the less is more kinda household. You guys have the same brain. đŸ™ŒđŸŒđŸ˜‚
    I love to sell stuff we’re not using. I like to bless others with a good buy not to make a lot of money for the thing.
    We have never purchased a new car. My newest car is a 2019 Dodge Grand Caravan, which we bought in 2020.
    It was owned by a rental agency and it was in a collision. All cosmetic damage. Rental agencies will
    Not use the car again so it went on the auction block.
    We bought this van, fully restored, loaded with only 15,000 miles on it 
. WAIT FOR IT
 for only $13,000 out the door. My van goes for $32,000. Sooooo yeah. 😊
    It has a salvage title but that’s not a big deal. Most people shy away from salvage titles out of fear, but it’s actually a great way to buy a really nice car and a newer car. We’ve been doing this for over 20 years. I use this vehicle for my van camping adventures and as my family vehicle.
    We share a lot of your money saving ideas and have been doing it for years. It pays off. I can attest. Have a fabulous day! đŸ’ŻđŸ˜ƒđŸ™ŒđŸŒ
    Anyhow, I really enjoy your channel.

  • @azu_rikka
    @azu_rikka Pƙed 2 lety +8

    ‱Like you, we bought a hair clipper right after our marriage 22years ago and still use it to cut the whole family's hair (five people)!
    ‱Like you, we only drink water (for the body), and coffee (for the soul)
    ‱walk to the shop for short distances
    ‱our kids wore the clothes the oldest sibling got, only for special occasions did we buy new clothes for them, or when they were broken or irreparably stained
    ‱ we use only 4 cleaning products: washing liquid, all purpose cleaner, white vinegar and soda bicarbonate
    ‱ and the list goes on....
    ‱

  • @mileyscizor7663
    @mileyscizor7663 Pƙed rokem

    these videos are very motivating and not stressful

  • @rickfiyah
    @rickfiyah Pƙed rokem +6

    Having a side hustle is huge. Often it comes down to making more money, and saving that

  • @AugustusAsgeir
    @AugustusAsgeir Pƙed rokem

    Growing up no one taught us about money grateful for videos like this

  • @GentleBrawl
    @GentleBrawl Pƙed rokem

    Love your content, formatting, and flow!

  • @thebusybees2006
    @thebusybees2006 Pƙed 2 lety

    Thank you , Gabe!

  • @heathersohappy2833
    @heathersohappy2833 Pƙed rokem +15

    Shopping just feels good sometimes, so I do it! I push a cart around the store, filling it up with things that I like or sweet deals I score. Then, instead of wheeling through check-out I go back through and put all those things back where I found them. I recognize the silliness, but it is less silly than spending money on things I don't need.

    • @chiller1199
      @chiller1199 Pƙed rokem +1

      Haha wow thats an interesting approach^^

    • @kenjkbs
      @kenjkbs Pƙed rokem

      Customers be like: “Dang! Somebody grabbed the last one on the shelf while I ran to my car to get my wallet!”
      Few minutes later


Heather shows up to put the item back on shelf cause she is not buying it.

  • @ElizabethCar
    @ElizabethCar Pƙed 2 lety +6

    I cook once a week. Sunday, and meal prep the leftovers or whatever else I made for the meals of the week. This has made it so that eating out is more inconvenient than eating at home, because I don't have to cook anything just toss it in the microwave and that's it.

  • @user-bw8qc4ps6e
    @user-bw8qc4ps6e Pƙed 5 měsĂ­ci

    I am just starting to use the 30 day rule. I decluttered my room including clothes then went on a website to order more clothes!!!!!!!! No sense, didn’t buy them but put them in favs and keep going back to see them and not bought them yet.
    Books, instead of buying I get them from the library.
    Still learning and live the postings by Gabe.

  • @angelmaealinagan2226
    @angelmaealinagan2226 Pƙed 2 lety

    Loving your channel!!
    Sending ❀ from Philippines đŸ€—

  • @whagalazk.
    @whagalazk. Pƙed rokem

    The laziness-tip is actually very wise, it's exactly how I think about the time to value ratio where I'm not really asking if something is worth the money, but rather me being at a place I dislike, doing something I dislike for x amount of time.

  • @dianaarnold6111
    @dianaarnold6111 Pƙed 2 lety +1

    I really enjoyed this video!

  • @jonsfoster
    @jonsfoster Pƙed rokem

    Great video! Thanks for the ideas!

  • @Alan7997
    @Alan7997 Pƙed 2 lety +6

    I'm at the start of my investing journey, but I've invested enough to buy one ETF with the dividend payments equivalent to 5 hours worth of work. It helps to think of the cost of things with respect to how many hours of your life it's taken to earn it.

  • @keny9981
    @keny9981 Pƙed 2 lety

    Smart guy with excellent tips

  • @irinayes
    @irinayes Pƙed 2 lety +1

    Thank you for a useful video đŸŒ·

  • @lawra89
    @lawra89 Pƙed 2 lety +21

    1. Even just ordering water instead of other drinks places saves a lot of money.
    2. Try to fix things instead of buying new.
    3. Leave items in online carts until your cart reaches the point you get free shipping. If you need the item immediately and your cart is close to free shipping, have a few things in "save for later" that if you got it would be free shipping so you would be buying an item you want instead of paying the shipping.
    4. Purchase high-quality things that will last longer that you won't have to replace multiple times.
    5. Before purchasing something ask yourself "Do I need this?" "Can I use something I already have to do what I want to buy this for? Can I borrow or rent this?

  • @manbhakupar350
    @manbhakupar350 Pƙed 2 lety +5

    Watching your content makes me feel wealthy

  • @stevesloan5935
    @stevesloan5935 Pƙed rokem

    I just want to know how to set up the light dimmer thing. Seriously, you shared some excellent advice and observations in this video!

  • @shimaohana
    @shimaohana Pƙed 2 lety +8

    Recently found you through A to Zen. I really like your presentation of your videos. Just getting my head wrapped around minimalism as I’m a pack rat. It’s a struggle to let go and learn not to impulse buy. I’ve been doing side hustles for years selling on eBay and Etsy. I’m also an artist and sell my art at craft fairs and Etsy. In addition I have a full time job. I have to stay busy or I get bored. I absolutely love to have a passive income and feel that it is never too late to be in that position, I’m in my 50s. My parents were hustlers too and had a passive income. You have some great tips and I’m sharing your channel out to my nieces and nephews. Help you get closer to that Tesla. 😉
    Do you have a video on books you recommend for reading on passive income and minimalism?
    Keep up the great content. đŸ€™đŸ‘đŸ‘

  • @mrsm3442
    @mrsm3442 Pƙed rokem +1

    Love your videos. Thank you.

  • @janiceandreyka4902
    @janiceandreyka4902 Pƙed rokem +1

    I liked all of your ideas... we save money on not buying paper products.... for napkins we use cloth napkins, cloth towels in the kitchen, and these can be found used or new, or make them.

  • @Littledropsofkindness
    @Littledropsofkindness Pƙed 2 lety +9

    Brilliant video, we have a shopping buddy so we buy in bulk and split it, it's saved us ÂŁ600 a year on food

    • @GabeBult
      @GabeBult  Pƙed 2 lety

      Nice! đŸ’°đŸ”„

  • @ezrhino100
    @ezrhino100 Pƙed rokem +1

    the being lazy part really resonates with me. and the no drinking. people don't think about how much you spend on the drink...

  • @yourguidetolove7457
    @yourguidetolove7457 Pƙed 2 lety +1

    Great video loved it!! đŸ‘đŸ»

  • @tubbycustard8866
    @tubbycustard8866 Pƙed rokem +2

    Shop second hand! I bought a FULL suit (blazer and pants) that fits me almost perfectly for $10!! I've also found nice brands like brooks brother blazers for like $3. If you can do that and only buy what you need, you'll save even more

  • @mariedavies5147
    @mariedavies5147 Pƙed rokem

    Greetings from Belize love your message.

  • @vegan.enlightenment
    @vegan.enlightenment Pƙed 2 lety +6

    Can I just say that your level of editing is just amazing? 👍 I can see it’s so much effort goes into making these videos! Awesome job! Thank you for sharing! 😊

  • @MultiLadybug72
    @MultiLadybug72 Pƙed 2 lety +13

    While I always appreciate the tips you give in your videos, I really enjoy the creativity and humor in your presentations. I love your hustle. Keep up the good work.

    • @GabeBult
      @GabeBult  Pƙed 2 lety

      Thanks! I have a lot of fun

    • @MultiLadybug72
      @MultiLadybug72 Pƙed 2 lety

      @@GabeBult It's been said, "If you enjoy your work, you'll never work a day of your life." You are an inspiration.....and I'm 68 years old! haha

  • @amysho2192
    @amysho2192 Pƙed 2 lety

    Another awesome video!!

  • @FreeSpirit47
    @FreeSpirit47 Pƙed rokem +6

    Your videos are a breath of fresh air!
    The ideas & attitudes you express are ones that can benefit so many people.
    Recently, I visited a young family with one child. Two days after I arrived, the topic of money, saving money, managing money came up when we were eating dinner. The wife brought it up. I had just cooked dinner for everyone, using what they had on hand & she was amazed.
    This woman is a good cook, she put a lot of effort into learning, so, I was also amazed by her, she was thinking of ways to save plus doing the work to learn.
    It would have been rude for me to bring up the subject, so, when she did, I gingerly shared, gaging their reactions to make sure I was not over stepping.
    Some things I shared that I have always done plus a few new ones.
    1. Never got into the habit of drinking coffee. It's expensive chemical dependency.
    2. Buying a water filtration system I installed, myself. Bottled water is expensive, the system paid for itself.
    3. When I can buy the part & do my own car repairs, I do. Minor repairs, yes, technical engine repairs, no.
    4. I do have a gym membership. I was given a Veteran discount when I signed up, yes, I'm a military veteran. I noticed that many people sign up, stop using it, cancel, then sign up again 8 months to a year later. The prices go up, the sign-up fees add up. I have kept my membership which costs 1/2 of what most other members, pay. I go through phases. Cheaper to keep it!
    5. Only eating at a restaurant for special occasions. This includes drive through. Once in a great while, yes, still, very seldom.
    6. Only one streaming service plus You Tube is all I need. I love *Star Trek* so, having the one streaming service is all I need.
    This is the short list.

  • @joelane7146
    @joelane7146 Pƙed 2 lety +2

    Gabe, for not finishing high school you're sure smart and have a lot of common sense! I've been cutting my own hair for 3 1/2 years. I like cooking at home, because I worked in a lot of restaurants, from dives to fancy restaurants, if you saw how dirty the kitchen is or seen who cooking your food you would never eat out!

    • @11Renee11
      @11Renee11 Pƙed 2 lety +2

      Why do people assume that not finishing high school will automatically not make you smart and if you have a college degree, you are smarter. I know quite a few people that didn't finish, go on to have successful lives while college graduates don't actually use their degrees, are in deep debt, and have the common sense of a gnat.

  • @minas.831
    @minas.831 Pƙed rokem

    Thank you this was very insightful

  • @sitterfo
    @sitterfo Pƙed 2 lety +1

    I just found your channel and you’re awesome!! I think you’re in NH
. I’m in Portsmouth so it’s really cool to see someone crushing on CZcams that lives in our little state. I can’t wait to see you get your Tesla!!

    • @GabeBult
      @GabeBult  Pƙed 2 lety

      Oh cool yea I’m in nh as well!
      Thanks 🙏

  • @thepowerwashingchick
    @thepowerwashingchick Pƙed rokem

    Wow!!! I am motivated by this! To save more!!!

  • @Immanuelmsa
    @Immanuelmsa Pƙed 7 měsĂ­ci

    Thank you Gabe🙏

  • @rziviski
    @rziviski Pƙed 2 lety +2

    You are a rock star!

  • @KyleThePirahna
    @KyleThePirahna Pƙed rokem

    Hell yeah. Cutting your own hair is super useful. I picked it up during COVID and just never stopped.

  • @Rakhali6767
    @Rakhali6767 Pƙed 2 lety +1

    Great video ! Thanks for the tips :)

  • @MarySchiros
    @MarySchiros Pƙed rokem

    Excellent advice

  • @kennethkim9711
    @kennethkim9711 Pƙed rokem +1

    Alot of this can be summed up to "understanding what the value of the dollar gets you now a days; and is the item you want worth the amount of time you work for it"

  • @LaylaDSmith
    @LaylaDSmith Pƙed rokem

    Gabe!!!!! Please tell me your ways! with the meal planning. Please? Share menu ideas? Recipes? etc.? We want to eat healthier AND save money.

  • @amelia-rose2992
    @amelia-rose2992 Pƙed rokem

    Can you make a seperate video on these free trips? Because that sounds fantastic.

  • @Kevinexp
    @Kevinexp Pƙed 11 měsĂ­ci

    i enjoyed the shot !

  • @fpl4172
    @fpl4172 Pƙed rokem +2

    Good tips! However, make sure you enjoy the money you earned. No one knows what will happen in the future. I had a friend who was super frugal and saved most of her money but shortly passed away and she never even enjoyed the money she saved.

  • @samanthalee4727
    @samanthalee4727 Pƙed 2 lety +5

    I would love if you did a video on the meals/meal prep that you guys do for a week or two!

  • @larryb4364
    @larryb4364 Pƙed 2 lety +1

    Hey Gabe! Thanks for the great content! I've learned so much from watching your videos.
    Can you tell us some things you do to save on your taxes? In particular do you write off the things you donate and how to keep track for IRS records. I have MANY bags of mostly clothes and foresee more to come. It seems like it could be a lot of money in donations. Thanks!

  • @miguelothemelo7396
    @miguelothemelo7396 Pƙed rokem

    Ayee !!! I’m in the same journey just really early on. Can’t wait to house jack tbh

  • @lilibethvilella
    @lilibethvilella Pƙed rokem

    So good! When I go to target I won’t grab a cart to only buy what I can carry bc I’d always come out with hundreds $$$

  • @lindabonomi7274
    @lindabonomi7274 Pƙed rokem

    GREAT video!!!

  • @jerrylee3887
    @jerrylee3887 Pƙed rokem

    This video is a thing of beauty 😍

  • @tobiernotobie
    @tobiernotobie Pƙed rokem

    Great video!

  • @christianlady
    @christianlady Pƙed rokem

    My first here. You are so handsome. Thank God for your life

  • @kierandegrada2573
    @kierandegrada2573 Pƙed 2 lety +3

    Congrats . Hello from Ireland. If only most people could do what we do. Planet would be better and so would we.

  • @jacobg8640
    @jacobg8640 Pƙed rokem +6

    As a fellow 25 year old who also has this amount saved, what helped the most was being able to live at home for practically nothing aside from my share of food and utilities. My spending habits have hardly changed since I was in high school, but my net income is 60k a year. I also don't own a car because I mostly wfh, my parents work night shifts, and are willing to share because we don't have parking for another vehicle anyway.
    All that said, I would like to move out soon. The more I save, the more I feel like I am hoarding when I could theoretically pay off their mortgage. But at the same housing is so expensive now that I would still be saving money even if I did.

    • @GabeBult
      @GabeBult  Pƙed rokem +1

      That’s awesome that you were able to stay home it’s definitely a huge advantage if you can

  • @stevengtv
    @stevengtv Pƙed 2 lety

    This was a good video. Been following for several years now. Would be cool to do a net worth breakdown.

  • @sophiegolina1528
    @sophiegolina1528 Pƙed rokem

    Fun, Cheep and Free thing I do, Walk dogs!!! I HIGHLY recommend checking out your local Dog pound or shelter, you can go and interact with animals and they REALLY appreciate it, and you can feel good knowing you made a dogs day better

  • @bible-james4277
    @bible-james4277 Pƙed rokem

    Couple I been doing is cutting own hair , buying cat /dog food in bulk
    Trying to save up to pay car insurance every 6 months to save $100 or so a year , ... paying Amazon prime membership in full to save $40-$50 vs the monthly ....and putting a couple bills like phone bill on automatic payment to save 10% off ...
    GREAT VIDEO

  • @swgirl777
    @swgirl777 Pƙed rokem +1

    When my husband and i go out to eat we split a meal. We are both satisfied and don't feel like we over ate. We also order water with our meal. This saves lots of money and we are able to afford to eat out in this economy (2022).

  • @sethkang4410
    @sethkang4410 Pƙed rokem

    2006 hyundai sonata is the best car. believe me. the only thing i fix for using it for 6 years is battery. just do the maintenance and it will never break. still going

  • @GracieGirl24
    @GracieGirl24 Pƙed 2 lety +2

    Love your videos
always informative.
    One request
.can you bring the baby on every video
.????? She makes the videos ❀

  • @geoffrichard5031
    @geoffrichard5031 Pƙed rokem

    Constantly increase your income to expenses. It’s ok to enjoy making money along the way because it may take 3-15 years depending on the hole you dug yourself. But if you r young with little debt to no debt, with ward work it comes quicker than you would expect to totally change everything. Bc you could “torture” your self to get there in 3-4 years or enjoy yourself and do it in 5-7. Without total sacrificing your young years while still hitting your financial freedom goal. Now still you need to say no to a lot but a lot less than being extremely stringent. Keep on the content bro you should have way more subs.