Frugal Living For Early Retirement : Start With The Big Things | Minimalism

A lot of people have misconceptions about frugal living. In this video I show you what a typical day in my life really looks like. And how I'm able to save 75% of my income with frugality so that i am able to get closer to early retirement and financial independence.
Want to know what a house hack is? Here is a video explaining how i live for free.
• House Hacking At 22: H...
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I realize i don't go into great detail on how to be frugal with the little things and save money with the small stuff. That will be a different video the most important thing would be the biggest expenses first.
Thanks to Matt D’Avella for inspiration in the intro and in filmmaking. Hope to be on your podcast at some point.
New videos every week.
#Fugal #FrugalLiving #Frugality
Instagram: / gabe.bult
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[@GabeBult]

What is your favorite frugal living tip that has helped you in your life?

[@coasteyscoasteys4150]

Gabe Living at home parents longer allowed me to save about 70% off my unit purchase. Only having one car and using public transport or use a Bike Shopping at aldi (I'm from Australia) Still using a Samsung S4 no new phones unless absolutely required Using fans instead of air conditioner Do not drink alcohol or coffee Do not eat out only special occasions with wife Less kids lol Smaller dog Showering techniques Looming after health by eating better but still budget and walking or lifting hand weights as it free so when I'm older I won't have debilitating conditions so won't have to spend on medicines or doctor visit Skype Viber relatives instead of travelling eg. Less planes trains travel cost Free activities such as park or pool instead of going to the movies or out in clubs pubs Earn more so up skill or do your current job well Also I spend a little more on quality Water - water filter as this your main body component Food - not crap basically Air - less polluted air or filters or move away from pollution Sleep - bed quality for better sleep exercise - keep fit and trim and it's free

[@user-cg9ry5id5v]

Gabe Bult I’ve become really good at having a good eye for second hand items! And I started buying foods based on sales and stocking up and freezing instead of just thinking of the week.

[@GabeBult]

@@coasteyscoasteys4150 great tips!

[@GabeBult]

@@user-cg9ry5id5v those are both great! I do those as well it makes a difference over time

[@gusgrizzel8397]

Only one light on at night.

[@masterdriveroftoyotazupr4164]

*Californians* 50% on housing 30% on Cars 20% on Avacados

[@GabeBult]

😂

[@NickOloteo]

where's the percentage for toast? you savage

[@margmak6234]

Lol

[@alexf800]

Hilarious. You forgot 30% on Botox and cheek filler.

[@truefruits7709]

Me as a german: I can relate to the money spend of avocados 😂

[@samm8736]

Most important: To save money as a guy, stay single or meet a woman that has the same mentality as you.

[@GabeBult]

True it really helps to have someone on the same page as you

[@keralee]

Same advice applies equally well to women, in my experience.

[@GabeBult]

Yes it does! both need to be on the same page

[@blackbeltfinance4026]

Yes, so true

[@Danygotaworldtosee]

always meet a woman with the same mentality as you

[@kathy.d9]

I thought he was serious at the beginning lmfaoo omg

[@k033as9]

:)

[@vacationboyvideos]

I lived like this for years! Beat the bush on KZbin lives like that to!

[@AZrakoon]

Im sure there is people like that....lol

[@helenmaevesmith1238]

Me too!!

[@painexotic3757]

same lmao. Im pretty frugal but im like wtf dude, thats too much LOL

[@Bochanable]

I had 3 roommates my first college semester. It drove me insane. I became committed to never live with roommates again unless I live with a partner. Saving money by having roommates is not an option for everyone.

[@OptimalShot]

maybe you just had bad roommates. as long as you have your own private room you should be able to find people to share the common spaces with

[@fundamonium]

Me too! Introvert problems :)

[@hautecouture2228]

True worst way to save money. It can cost you your sanity

[@AK-47ISTHEWAY]

What I did is I built a wall between my room, private bathroom, and my other roommates. So i'm basically living by myself. I got my own bedroom bathroom, and the garage is mine. I just don't have access to a kitchen now, but I did put a refrigerator in the garage, and i'm going to be installing a stove soon so I can cook my meals again.

[@anastasiaelizabeth8832]

Excellent content. It’s a lot easier to stay focused on the big goal if you’re enjoying yourself on the way. The intro was awesome- really made me crack up.

[@GabeBult]

That's so true! The big things make the rest easier. Glad liked it I had fun making it :p

[@brodhax6148]

Every top successful "retire by 30" frugal life guru says the same exact thing: The secret is cars. Driving is the most expensive thing we do, by far. If you are truly committed to the frugal lifestyle, sell the car. Get a bike. And thats really the one that separates the "retire in 30s" from the "retire in 40s" crowds. Who can commit that hard

[@GabeBult]

Thats true it depends how bad you want it

[@fukumasamasuda890]

Housing is a much bigger cost than cars. Some people like myself cannot ride a bike to work or go grocery shopping for healthy food on a bike. Buying a reliable car was the smartest thing I ever did. I wouldn't be healthy today without the car. My car had a much lower financial impact compared to housing, but life changing health benefits for me.

[@gerRule]

My car is cheap, tax is cheap, insurance is cheap, cheap to run, fix it myself and when I’m bored I use it to make money

[@poetlenoir2328]

I've lived without a vehicle for a year and its shocking how much I've saved! I do have a bicycle but often opt to just walk. If you have any questions on hacks to make it work I will happily share what I've learned. :)

[@harleyryder1498]

Buy a Honda and learn how to change oil, brakes and batterys. Its the only thing it will nead for at least the first 100,000 mi

[@thesummaryguy3911]

really what it comes down to: 1) Don't live in a major city that has a lot of "sex appeal" (NYC, LA, Boston, Miami, etc). 2) Keep up to date on what you are spending money on 3) Shop around and take action if things like insurance rates are better elsewhere 4) Don't buy a fancy car, for 8 to 10 grand you can get a sturdy car with limited prior usage that very well likely will last as long as a brand new one 5) ORGANGIZE YOUR LIFE

[@internziko]

This comment is has better advice then the video

[@txspacemom765]

I am minimalist, for over 30 years. I don't by into what females need to be, well females. Let me explain a little bit. Instead of buying a $1500 purse, I have carried my backpack and a very nice purse I bought at an outlet, total cost around $50, for the past 10 years. I dress very nicely for working in education but I don't have 3 closets full of clothing because I'm trying to impress other females. I'm told all the time I always look professional. As an educator, I've never made a lot of money but I have always done side jobs like house sitting, pet sitting, and other small jobs and I throw all that money into savings.

[@donnaleeclubb119]

One thing to think about when being frugal with home or car especially is to focus on who are you paying those large items for. If you want to have a larger living space for family when they visit, well you are really paying for that space for them, not you. You would be better off paying for a one week or so hotel stay or getting a sofa bed than paying for more space for friends and relatives. Basically zone in on what you need and can live with. When the time comes you need more space or a larger car for a week, best to just adjust your finances for that one moment.

[@GabeBult]

Thats a great way to look! I it i totally agree

[@cdc8875]

Stop wasting that hot water....it costs money lol

[@SB-tg6mn]

u can just heat up the drinking water in the microwave.

[@denchua]

I get ice from the road and melt it in my mouth to save on electricity, water, and cost of the mug. 🤣

[@KazmirRunik]

Or just stop drinking everything entirely. Think of the savings!

[@eduh7950]

Or reutilize your saliva and bathwater (if you have the luxury of baths) :D

[@ByronWrightJr]

Love your content. It really puts things into perspective for me and my new minimalist lifestyle.

[@nathanielbult1819]

Another awesome video with great content! Great advice to work on those big expenses instead of worrying about the little stuff. Very funny intro!

[@GabeBult]

thanks! Yeah chopping out 30% is much easier than 1% here and there at least to start. You have no idea how long it takes to film stuff like that when you have no clue what you're doing lol

[@donnaleeclubb119]

As long as you don't feel deprived, cut as much as you can from all over. I buy books. I usually buy them used off of Ebay. I don't want to stop that. I go to the library, but I love to get my own books. Instead of buying 5 a week, I buy one. They are used and usually not more than 5.00, but that is 100.00 a month. Now I limit myself to one a week at no more than 5.00. Seems like a small savings, but the idea is to cut where I can and to have a saving attitude.

[@joelercoaster]

You’re 100% right! I’m right there with you been doing the same for about 3 years now.. waiting patiently it’s hard but totally worth it, the frugality will pay off with all my investments at an early stage in life! 🙌🏽

[@GabeBult]

Awesome! it will as the compound interests add up!

[@pierretawadros2690]

only 33% on housing (cries in Californian)

[@lookowl4693]

pear master cries in Cockney rhyming slang

[@JohnPollett]

I feel that...

[@gamecity223]

Lmao. No joke

[@KevinNordstrom]

Mine is 13%👍

[@Loostyc]

65 % as a junior lawyer for a small flat :( horrible :D

[@giovanapc1]

"It's not about how much you make, it's about how much you keep." Great words of wisdom right there! That said, how much you make definitely helps you keep more of the money so I think it's 1) having the frugal mentality and 2) once you start making more not letting lifestyle inflation creep in. My husband and I have been lucky to increase our salaries over the years and that has allowed us to now save $10k a month which is pretty solid (we probably started saving $500/month when we first started to seriously consider FI).

[@Husseinalbaiaty]

💯 the mentality is crucial ✊🏾

[@patrickg7569]

Great channel! I’ve been quite frugal my whole life. Now at 35 and married with dual income, being able to create FI is becoming a reality. The only debt we have is our mortgage. Once that is cleared in a few years, I want to purchase a 2-4 unit building. The key was avoiding lifestyle inflation as we’ve grown in our careers over the past few years. We do family vacations and don’t completely deprive ourselves, we are just very practical, avoid eating out, make a grocery list every week and avoid foolish spending overall. I’ve watched bigger pockets and all the others on KZbin and all great but I don’t need 100 units haha. Glad to have found your channel!

[@GabeBult]

Thats awesome good to hear from someone who is closer then me to FI! Getting that first rental or house hack is huge! Yea i used to listen to bigger pockets but i don't want a hundred units either and thats not for everyone. I'm trying to lay out a plan that anyone can follow because it really has added a-lot to my life not stressing about money.

[@bizhanbody735]

This is awesome advice! well done Gabe. This is easier said than done though, especially for us in our 20's. We finally start earning and we want to spend it - move out of home and have a nice apartment, new car, latest phone, but the novelty fades once the bills starting coming in. I love how you preach - "spend money on the the things you love and that is going to make you happy and add value to your life", focusing more on experiences like travelling and hanging out with friends. I personally still live at home and travel 3hrs a day commute, but worked my way to 6 figures and bought investment properties and shares. It's still hard though when all your friends seem to be enjoying the "good" life.

[@GabeBult]

very true. but making a few changes in your 20s will really pay off the rest of your life

[@bizhanbody735]

@@GabeBult 100% agree! When you make it a habit while young, it hopefully stays forever and you can live a comfortable life as you age. “Compound interest is the eighth wonder of the world - he who understands it earns it; he who doesn't pays it.” - A.Einstein

[@gardenjoy5223]

Just enjoy the "good" life to a certain extent, instead of overspending. Once your investments start to pay off, your "good" life is ahead of you and theirs might be diminishing.

[@faatehali79]

This channel is gonna be huge, so glad that I’m subscribed before 1k.

[@GabeBult]

Thank you! I really appreciate the support

[@SanctifiedLady]

I’m just finding you and I love the quality and detail and humor of your videos…new subie here! 🙋🏽‍♀️

[@GabeBult]

🙏☕

[@Echaduszy]

So glad to find your channel! Great content, I have to watch all your videos. We share similar values. I’m a minimalist and I have youtube channel too so... good luck! Beginnings are hard.

[@GabeBult]

Thank you! Yes it is, i'm having a blast though so grateful for all the support!

[@dpowell964]

When , i brew my coffee in the morning , I put the left over coffee after it cools in ice cube trays and make ice coffee out of it saving me $ 5.00 to $6.00 dollars not going to Starbucks and my coffee only cost me $,75 cents to make . I only buy when clothes are on sale . Saving my change for travel and trips so when , i leave home my trips are paid in full . I am going to NYC staying in a 4 star hotel for free using hotel points and using local restaurants for discounted meals why pay full price for breakfast when you can look for the local places to have a full breakfast for $12.00 with coffee and juice and have lite snacks for the day and a reasonable dinner doing the early bird special .

[@GabeBult]

i haven't thought of that ill have to try that this summer! Sounds like fun! What card did you use for the hotel points?

[@skeptical_sorcerer]

That's nothing....I had a friend who would always walk on grass rather than concrete wherever possible because there was less wear on his shoes and he calculated that they lasted 15% longer.......I once said to him "Why don't you just take your shoes off and carry them; then they will last forever!" :)

[@rubyus7332]

Yes, brew coffee at home! Why to give away money to Starbucks?!

[@GabeBult]

@@rubyus7332 starbucks coffee is not great anyways lol

[@tonykidd7441]

Love the DR quote;) Advice is spot on, focus on the big things. When I got serious about FIRE, I moved into a 300 ft studio near pub trans, sold the car and got a bike, and ate repetitive meals with ingredients from Aldis. Bumped up the savings rate from 75% to 90% by moving back home for a year. The short term pain is worth it once you achieve FI.

[@GabeBult]

Thats awesome as long as you can enjoy the journey it will pay off

[@cherriercheung]

I really love you approach of cutting bigger spendings! People don’t realize how exhausting, stressful,and counterproductive decision making process can be. If you beat yourself over buying a cup of coffee and other similar small things several times a day, soon you exhaust your willpower and might end up splurge on big things.

[@GabeBult]

well said start with big and optimize from there and just cut things that dont bring joy and youll be less stressed

[@wafflestoast5228]

The coffee thing can be done to an extent! I make a weak pot of coffee and drink the whole pot so that: 1. The cost per pot is lower 2. I drink more of it, which means I drink more water Just be sure to put it all in a sealed vacuum insulated carafe once brewed so you can unplug the coffee maker and avoid having to run the microwave later.

[@newfnshow031]

Getting a roomate is terrible....some people want peace of mind.

[@nikosniko7092]

newfnshow031 ....yea I agree

[@sic04250f]

Share housing is the best way to save money. I rented a 3 bedroom house with a friend and rented the spare room to a couple. They paid half of the rent and bills etc and I could save $$$

[@bonnevillebagger9147]

newfnshow031 peace of mind also comes from sound financial footing.

[@RedScareClair]

Yeah I'd much rather house hack a duplex than share my living space

[@joeybrujah]

I make my living renting rooms in my apartment and I must say... you get used to it. You have to choose the right people, and now, I wouldn't live alone even if I earn money to do it. Housing is really expensive, because when I used to live alone I had to pay rent, taxes, energy, water, internet... And when I invited people to life with me... I had SO MUCH more left for myself. And my life was kind of the same.

[@CristianMartinez-fv1te]

Great explanation I've been using paycheck parking for 6 months and is incredible the amount of money that I'm been able to save and put to work I feel more relaxed and in more control of debt thanks for your videos

[@GabeBult]

Thats awesome! just having a buffer makes all the difference for peace of mind

[@katar9090]

I loved your intro! Love your channel so far, creativity + early retirement extreme, love it!!

[@GabeBult]

Glad you enjoy!

[@Danygotaworldtosee]

awesome dude :D living that life to the fullest

[@GabeBult]

free travel, free housing and never having to worry about losing my job or money just for making a few changes it works for me :)

[@PahlaB]

You totally got me with that intro, LOL!

[@blaqfish]

Very informative and your true life examples are very practical. Wish I knew of these early in life but they are good to know anyway. Success to you young man...your eay on the way to happiness which I ferl is enjoying life rather that just collecting goods. Well done! Retiree in Georgia :-)

[@GabeBult]

Thank you! Thats why i started this channel to help tell more people there is another way

[@Parkitloveit]

Thank you for the video 🙏Putting on some layers and moving a lot outside is what I do 😆❄️⛄️I spend most on living in my car (nothing on house/ apartment) and a lot on food. Not as much as 2 years ago when I lived in an apartment still. Happy new year 🍀

[@bambinyclady]

It is nice to hear young people living Frugal...I had a big house and was able to have all bills covered..but them suddenly so many house repairs kept cropping up. So since the house doubled..sold it and got a co op paid off ...😊. Plus have a big cushion in bank and only working part-time at 57. Kids all grown.. I work from home...and I like working...gives me balance.. I do carry my own coffee...because I like my coffee better..😊😊

[@GabeBult]

That's awesome!

[@drew8642]

What is a co op?

[@Finchersfarmstead]

OMG that beginning was funny!

[@Ada-me6ge]

Just looking at a person with goals in life is so uplifting and hopegiving. Thank you

[@GabeBult]

Glad I could help ada Once you start learning about all the possibilities it's almost impossible to not want that early freedom

[@Fawngirl11]

I found a lot of value in this video! Thank you! Subscribed!

[@GabeBult]

Thanks Rachel! Glad you got some value!

[@ScottOctober]

here is a few things that I do: 1) I don't drink or smoke or have any expensive bad habits/addictions 2) Rent cars when I need them, everything else is in walking distance pretty much. 3) I use the cheapest phone plan. No extra data needed if almost everywhere has wifi. 4) Meal prep 5) cut out all additional unneeded fees, I was paying 30$ a year just from my bank sending me invoices. Look around and find then cut the "ghost fees"

[@lauramariawaugh5719]

K.E.V. Good advice, thank you 🤪🐞

[@ScottOctober]

@@lauramariawaugh5719 Anytime :)

[@GabeBult]

great tips!

[@ScottOctober]

+Gabe Bult Thanks Gabe, awesome video. ☺

[@Randimal762]

Re-wear clothes more than once. Aside from underwear, if I don't sweat in something and it's perfectly clean, I'll wear it several times before I need to wash it (I'm an Asian guy, so I have very little BO). Your clothes will both last longer and you'll spend less money on your water bill or at the laundry mat. I bought a condo only 2 blocks from my work, so I have the luxury+extra time+reduced stress of being able to ride my bicycle or walk to work every day. My home is a lot pricier than something similar a 20min drive away from work, but to me this extra cost is totally worth it for the reduced stress, less time sitting in traffic and the added bonus of a little extra exercise every day. I make up for some of this extra cost by saving money on gas and parking. I'm a single guy, but I still buy in bulk from Costco. I've found that overall, buying in bulk is still cheaper than buying lesser amounts, even when they're on sale. From these bulk stores, just buy non-perishable goods and foods that you know you will use (toilet paper, dried/canned/frozen foods).

[@zer0zi]

If you wear your clothing properly you dont have to wash them often. It also makes it so your clothing dont get old fast. I have been doing this for a year and as long as your hygiene is good your clothing will stay perfect.

[@jillhardy3644]

How do you shop for bulk purchases with a bicycle for transportation?

[@Randimal762]

@@jillhardy3644 I own a car. I only use my bicycle to commute to work and for short trips within a couple miles.

[@kimwilliams4350]

Well done on this video Gabe! I remember watching this when the views were on the hundred, now look! I had hoped you’d do well... congrats!

[@GabeBult]

Thanks Kim! yea this one kind of took off lol

[@majolie2426]

Completely agree with the tv thing, when I moved away from my old roommate I didn't get around to buying one and now that you pointed it out, it was the best thing I've ever done unintentionally lol thanks for the video

[@GabeBult]

Yeah it makes a difference

[@clairefrewman1456]

Impressive, i feel the key to early retirement is making sacrifices, you don’t need that new Tesla or that new vacation house in Cabo, instead why not set up an investment plan with your financial advisor. I did the same and I’m rounding a million currently, I’m sure in the next 5 years I’d have 2 million in my portfolio🤞🏻

[@vanhall9513]

Nice, I myself invested in warren’s BRK-A, quite pricey I know but soon it’ll be worth it.. you mentioned an advisor, do you by any chance do referrals?

[@chrisanthony3560]

Wow you must be really wealthy ma’am

[@clairefrewman1456]

Van Hall certainly! Her name is Lucy Maria Koss, just look her up she has a website and everything. Goodluck

[@serenewhopperman2924]

Inspiring

[@martinsl1979]

Interesting mindset to call not having a new Tesla a sacrifice! Not going after you personally 😀. It’s more of a thing in this time….saying one i making a sacrifice….because they are not buying a luxury item…it’s a bit crazy.

[@trade5149]

My frugal living tip is to not skip the small things and simply make more money.

[@GabeBult]

i agree making more is huge. frugal living like this is just so you have money to invest in something big

[@montanawhite5699]

One of my friends makes a little more than me, and he doesn’t pay rent but I still save more than him, and I pay low rent and I have a stay at home wife and 1 year old baby. He bought a used car from a dealership, he buys beer everyday, and just buys whatever he wants. I only make about $2200 a month but I save as much as possible while living comfortably.

[@blank_notyou]

This video in particular didn't have much new information to me, but I watched it to the end because I like your style.

[@madeleine7729]

I am new to your channel and thought the opening to your video was serious! Whilst I would call myself a frugal ninja, I was thinking, someone needs to help this poor guy out, he's way off track! Excellent content, Gabe, I am so impressed with the creative thinking of younger people around finances. My approach has been a little different due to needing to work in one place from my own studio, also having dogs, cats, kids and two pianos! What has been a massive help to me is growing a lot of my own food. The bonus is I love doing it and gardening is great for my health in so many ways - I certainly don't need a gym membership for exercise. The other thing that helped is working out what does and doesn't add value to my life, this saves so much money. And finally, cash is king, I will not have a credit card or go into debt for a car, holiday, etc...

[@GabeBult]

Thank you i really appreciate that. that is great advice i hope at some point to have a home where i can grow my own food

[@tonysteel1377]

Frugality is my reality! 🏛💚 WORK / SAVE / INVEST/ RETIRE / REST

[@GabeBult]

Here too! doesn't mean we are deprived

[@tonysteel1377]

Gabe Bult ••• That is the absolute truth!!

[@sharonche5042]

Been there, done it ☑️

[@SkinnyAnimus]

I was gonna click off when you said you replaced coffee with hot water

[@GabeBult]

Lol no i'm not that crazy that would be the death of me

[@singing4hope]

Same lol

[@LienNguyen-rm5zt]

Same haha coffee is the one thing I can't function without

[@JohnDoe-zl6ph]

LOL same here!!! I make my own coffee, and I'm NOT giving that up, the people around me wouldn't survive it. 🤣😂🤣😂

[@user-kw5fu5cx8s]

Thanks , good info , well said budd

[@eliparker8472]

Awesome to see a cool guy talking about finances. Keep it up!

[@GabeBult]

Thanks glad you enjoyed!

[@TIEDYESUIT]

Shop at the thrift store!!!

[@anny5647]

yea i found it helps a lot man that I would be able to buy a jeans with only $2.4 man and also they got lots of good quality goods but of course u gotta have some fashion sense to found it XD

[@jvaldez5]

Just found a Lacoste polo shirt at my local shop for 5 dollars. Keeps up the appearance at work without breaking the bank. Nobody knows or cares that it didn’t cost 80 dollars at the mall.

[@lisak6226]

I’m a baby boomer, tail end, and he’s absolutely right. Listen to him, thanks.

[@GabeBult]

Thank you! Really appreciate the support!

[@WannaCookAlong]

Your videos are interesting n make for a good watch!

[@CuriousKarli]

Great video Gabe! I live on the road and it has some similar ideas to being frugal.

[@GabeBult]

Awesome! that sounds fun

[@1207susant]

You scared me with that intro! No coffee!!

[@GabeBult]

Can't give up coffee though it is the nectar of the Gods😆

[@ramakambing7991]

@@GabeBult Amen

[@brendenshouse5807]

I agree. I love coffee too much. I have seen something though about how a lady drank a gallon of water a day for an entire month. By day 15-16 she said she craved water in the morning instead of coffee.

[@natefreeman1466]

Take caffeine pills instead, forget coffee.

[@reynoldsad7]

😂

[@Arthurnate]

This video totally nails it. I earn minimum wage but save £450 ($600) a month easily while living in Edinburgh, a pretty expensive city.

[@GabeBult]

thats awesome man. what are you saving up for ? planning on investing ?

[@Arthurnate]

@@GabeBult Thank you for asking! My brother and I are buying a farm in Portugal to facilitate a more self sufficient lifestyle. I want to put all of my time into painting again, and this is how I'm planning to do it. Thanks for the vid. Some really useful ideas in there.

[@Zyrock]

Do u light candles for light at night?

[@Arthurnate]

@@Zyrock lol, I flat share, bulk buy wholefoods, I'm vegan which cuts down on the cheese budget, don't own a car, and try not to drink too much! Candles are maybe next on the list.

[@christianbrother4724]

You are very wise young man! Thanks for the video.

[@GabeBult]

Thanks for watching and taking the time to comment Kurt 😀

[@munirasultana2313]

Loved the Video 💖

[@jarekichi]

The best thing I have done is bulk cooking food at home. On Sundays I spend about 4 hours making 20 meals/snacks. And my food costs have dropped to ONE THIRD of what I had budgeted last year. And less washing up chores every night

[@GabeBult]

Thats a huge drop! great tip!

[@jarekichi]

BW10 it's Sunday night here, cooking day. I'm out of town this weekend, so I'm cooking 2 weeks of food!! So I have made: banana oat muffins, peanut butter and oat muesli bars, for lunch: BBQ chicken, potato salad and a bean salad, dinner: chicken thighs brined in gin and roasted in top of bistro-style lentils. I also have a beef ragú in the slow cooker which I will freeze. (I think it also helps that I love to cook 😁)

[@Giammax88]

@@jarekichi man you are saving a lot, but you are eating shit everyday ^^ Cook each 2-3 days, go to local market and buy veggies and fruits...otherwise you will not arrive at your retirment date ahah

[@dchrysostom]

What is house hacking? I’m from a different country and don’t understand what that term means?

[@GabeBult]

House hacking in the way i am using it is when you buy a 2 though 4 unit multifamily with an FHA (3.5% down) mortgage. live in one unit and renting out the other ones so that they cover your mortgage taxes and insurance allowing you to live for free. This is what I have done I also did a full video on how I did this if you want to check it out more in detail kzbin.info/www/bejne/gnacnmeaf715sNk

[@anastasiaelizabeth8832]

High quality video. You are definitely the most interesting financial guy to watch/ listen to. :)

[@GabeBult]

Thanks 😁

[@danandkiko]

Very good tips. Trying to implement them...

[@GabeBult]

👍🔥

[@monicakamka5058]

OMG you are so funny. Awesome.

[@GabeBult]

Thanks! Had fun making this :)

[@fitnessasphilanthropy515]

I never considered saving 75% of my income before. It seems like a really good idea - I'm going to ruminate on this for a while.

[@GabeBult]

Even if you don't get to 75% shooting for 50% will make a world of difference

[@Expert1911]

networthify.com/calculator/earlyretirement Plug in your annual take home pay and your annual expenses (monthly bills x12) and see where you land. See how many years to retirement if you are able to change and save 75%. Should reach retirement, meaning never having to work again if you don't want to, in about 7-9 years at 75% I bet. Article by Mr. MoneyMustache and directions here: www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/ Other tools: www.mrmoneymustache.com/2012/07/15/two-fun-tools-from-the-mmm-software-department/

[@KyleLuce]

Just curious, why did it never occur to you? Did it seem impossible given your current situation etc? Or was it just a culture push to spend what you make etc?

[@mymirandamoments11]

Ain’t gonna lie I almost clicked off the video on the hot water part but then you were like JUST KIDDING. Haha you actually got me 😂😂😂

[@sourandbitter3062]

I have a comment about the form of your video. 10 minutes of a 15 seconds guitar and bass comp over Autumn leaves eventually broke my concentration.

[@sofsofs]

Am I the only one who thinks he kinda looks like Heath Ledger?? xD

[@GabeBult]

i haven't heard that only nick jonas lol

[@sofsofs]

@@GabeBult hahaha there's a bit of Nick Jonas in there too! 👌 great video btw

[@user-td7xf3gz4l]

He totally does

[@user-td7xf3gz4l]

That's a complement by the way Gabe. Thanks for the video. Pretty funny intro!!

[@Trickserliese]

I had the exact same thought!!

[@MCAQUIN0]

for me, frugal living is being a minimalist. Just go to work and play free games on my computer. Make money, go home, play games and the occasional hangout with friends and repeat.

[@gardenjoy5223]

Yana, That's not really living. That's existing. What are your life goals? What do you want to achieve in life, that's actually worthwhile? What do you want to be your legacy?

[@DZeeSea]

Quick heads up, if you are a home owner and neglect keeping your house in the 60-75F heating range you can help promote mold(especially if there are residues in the walls already), so do think about warming up the house if it feels humid inside.

[@DBoyTommie]

I liked and subscribed because you asked so nicely. Plus interesting channel.

[@GabeBult]

Thank you! really appreciate the support!

[@tmusson151186]

Shop in discount stores, buy unbranded. Find a cheap gym membership and use shower there. Use a bicycle.

[@varovaro1967]

Bezos, you and me, we will all end up in the same cemetery... Just do whatever makes you happy....

[@jenniferdennis6465]

@@fahad-m62 yes. It's his life. Correct.

[@judan7209]

Thanks for your video. I am planing to early retire now.

[@cgolden3621]

Smart young man. Good for you!

[@GabeBult]

Thanks :p

[@oriontherealironman]

As a gamer I like to think that I'm min maxing my money stats by doing things like these ;)

[@Gary65437]

I also view keeping your money or income as a game. Everyone wants your dough and you need to hang onto it. I started saving money so i could invest about 30 yrs ago. I haven't worked in the last 20 yrs. I bought a new car in 2004, a Hyundai Elantra MSRP of 14,500 with 2k rebated paid 12,500. No payments in 15 yrs now and most trouble free car I ever owned. 300 per yr for liability ins. I now live in a small town close to everything and only need to drive 500 mi a yr so I figure the car will last for a few more yrs. I don't care what the gas prices are..lol Also paid cash for a house, only 52k for a 3 bdrm and no home ins. I did trim a large tree that was a threat during a wind storm. Cell phone cost is $20 every 90 days with a prepaid card from walmart. $27 for basic cable and $39 for internet. My cost of living is 10lk per yr. Now see if you can beat that...:)

[@GabeBult]

Thats awesome great job!

[@sbasano]

Sounds like you are just poor

[@mmmmmMuffinz]

im homeless, beat that!

[@Gary65437]

@@mmmmmMuffinz Stay homeless, get a good job and you're on your way to being wealthy.

[@1MinuteFlipDoc]

good job! what about health insurance?

[@marcomarco86tecno]

Liking the content so far, I subscribed.

[@GabeBult]

Thanks for the support!

[@AndyNiceDude]

Thank you for this!

[@shyguy2481]

-600 apartment per month vs ($5x30=150) month starbucks

[@MsCooljoshi]

Tell us your meal planning for frugal living

[@GabeBult]

Thanks for asking! I'll do a video on that soon :)

[@anawa2006]

Keep it this way brother. You are gonna financially very successful.

[@GabeBult]

Thank you!

[@JC62888]

I appreciate your advice. My wife and I have been living frugally for 40 years. We didn’t have a choice when we got married and moved to NYC. Over the years, we made more money but we were content and happy living a frugal life so we continued that lifestyle. We retired at 55 and are living our best life

[@garyalan5156]

So save on the big 3 first. Housing/rent; transportation; and food. So save. Invest while you are young, because then you can take advantage of compound interest to grow your portfolio. That is the most important factor, using compound interest (look into this) to your advantage. Unfortunately, the younger generation is getting hurt by their high student debts; hence they can't use compound interest when it is most important--ages 14-29. No reason you can't save in your education by going to comm college or a trade school. And finally, in the west you have no fault divorce laws that work against men, so you better consider that seriously unless you want to lose everything you worked so hard to attain--house(s), car(s), portfolio, children, and future wages.

[@GabeBult]

Great points i plan on touch on all of those in future videos! Compound interest is huge if you can start young

[@user-td7xf3gz4l]

Can I split a 1 bedroom with a roommate? 1 lives in the bedroom, 1 in the living room? Great video!

[@gerRule]

Everyone talks about investing like it’s impossible to lose money, what’s the deal with that?

[@CarlosRodriguez-dh7mm]

Damn... I thought I was doing well saving 35-40% of my income. Obviously I have much more to learn...

[@GabeBult]

Thats not bad at all thought!

[@intenselyfestyle3282]

Love the video Gabe!

[@GabeBult]

Thank you glad you enjoyed it!

[@coasteyscoasteys4150]

Cool video man well done Very interesting

[@GabeBult]

Thank You!

[@SevenRiderAirForce]

I find the "focus on what matters" line of reasoning to be too hippie-dippie for some, including me. For me, having lots of stuff is a pain because it makes things messy, you run out of physical space, you have more crap you just need to sift through and keep track of - ugh. Especially once you're earning better money, you think you can afford more stuff. No. Buy better stuff, don't increase your stuff. Clearing out your crap changes your mindset. You stop wondering if it's worth the dollars and start wondering if it's worth the space. You also realize how little you use 90% of your stuff. When you do decide to buy something, you'll find you have the money to buy higher quality items, as well as the justification to do so. Most of the time you'll just invest the money, though, since financial freedom is a lot more attractive than most other things for sale.

[@GabeBult]

great way of looking at it

[@2ChukBuk]

If I could offer only one tip, and it is pretty obvious, is to NOT have financial debt. If you can swing it, don't have a car payment, or better yet, don't own a car. If you have a mortgage, try to pay it off as quickly as possible. DO NOT carry a balance on credit cards. At the interest rates charged, you will always be in debt. If it feels like you are sacrificing everyday comforts, you may be surprised to find a sense of freedom that will usurp prior expectations and you'll never look back. Keep your pleasures simple. That's my .02 cents.

[@GabeBult]

Definitely agree with that

[@liliamrodriguez3020]

Great video thanks

[@kathy.d9]

Love your video totally subscribed

[@GabeBult]

Thank you so much really appreciate the support!

[@janefromthecountry1820]

My husband's Honda Civic ran to 277,000 miles! Then he sold it for $1,000 to another driver!☆

[@GabeBult]

Wow thats a lot! i love my honda's

[@CarvalhoFitness]

My 2007 Honda Civic has 191k on it and runs amazing still 😁

[@okwui04]

My solara has 292,000 and ill keep driving it till the wheels fall off

[@liechinglan15]

I am frugal. my top priority is housing . a roof over my head.

[@jaelonquixote]

One of the things I did to be more frugal was becoming intentional about how I spend my money. I rarely go out to eat or the movies. I can watch a DVD if so inclined. Cooking my own food has become a challenge to me to make it interesting and fun but still healthy. I do notice feeling less well when eating out. I used velocity banking techniques to pay off my credit card and improve my cash flow which helped improve my credit a bit. I am looking at how to incorporate house hacking into my financial plan as well as when I replace my current vehicle, look for one that is used but in good condition. Eventually, I hope to invest in real estate and some into trading.

[@TB-rx1ue]

Eh just found you and binging your content. Love it!!!

[@GabeBult]

Glad you enjoy it!

[@blackbeltfinance4026]

My goal for this year is to achieve a savings rate of 51% I’ve just started a KZbin channel aswell to document my journey 😎🏆

[@GabeBult]

You can get there! good luck on your channel!

[@scorpian6013]

I reinvest half of my income at 58. Have a like minded partner. No children.

[@blackbeltfinance4026]

Good to have a like minded partner

[@Bonez1999]

Join the Burger King coffee subscription service! It's pretty good coffee and $5 a month for 1 cup a day!

[@gerRule]

Or don’t drink coffee

[@gardenjoy5223]

@@gerRule Indeed. Just stick with the hot water. Half a cup. Then one third. Then just the cup. Saves hot water for cleaning too.

[@bouztkanehafsa2631]

I love the content Also the maner you are filming From morroco

[@shamone10]

Blood good video mate, I actually lol'd a lot at the start when you said you gave up drinking coffee and just have warm water xD

[@GabeBult]

Glad you enjoyed it lol it was fun to make Thanks!

[@happyhandylife4101]

Fantastic! My husband and I paid off our first house at age 26. I don't know that we exactly "house hacked," but we paid that house off in 3 years. We've moved a few times, took out another mortgage and paid it off quickly to buy the lovely house we have now. I guess I'm "retired". I have an Ebay business that I've had forever. It is fun for me and it pays the bills. Hubby still works outside the home because he wants to, but his commute is under 15 minutes so he can run home during the day or have lunch with the kids if he wants to. If you suck it up and plan right in your 20s, you have a lifetime of payoff to look forward to. BTW, we still do tons of fun stuff. We travel a lot (travel hacking...timeshare trading), and we even cruise a few times a year as we live near Port Canaveral and can take advantage of last minute bargains. Putting it back in our 20's and I guess "hacking" the big expenses put us in the position of not having to worry after that.

[@GabeBult]

Thats great to hear from someone who had done this and it has works out for! Good for you keep it up!

[@boundariessetinstone5893]

HappyHandyLife Must not live in Cali, NY or San fran.

[@happyhandylife4101]

@@boundariessetinstone5893 Nope, that first house was in MA (expensive, but not San Fran expensive) and we moved to a barrier island off the coast of FL about 15 years ago. MA was HCOL, and I'd say that where I live now is moderate COL.

[@happyhandylife4101]

@@GabeBult And we love to see "kids" 10-15 years younger than us doing the same! I have no doubt that you and your wife will be successful. I've subscribed so we can watch you progress in your journey :)

[@happyhandylife4101]

@@MixedReadings At this point normal mid-career earnings, but our current situation is a result of putting it back in our 20s when we earned starting engineering salaries.

[@TheCaraaraC]

I love the approach of cutting your largest expenses, but I still have to watch the small things lol a fancy coffee every day is $80/month. That’s 4 tanks of gas. I measure everything in tanks of gas, I don’t know why but it really seems click with me about the true costs of purchases. Like cable? 6 tanks of gas, definitely not something I can justify 😂

[@GabeBult]

thats true! and i always make coffee at home and would recommend that the little things do ad up! Thats a great way of looking at it lol

[@QuesttoFIRE]

Excellent video.🤣😂 Loved it. 🔥

[@GabeBult]

Thanks! It was fun to make! Hoping this can be the first one in a financial Independence series

[@logothaironsides2942]

Be inventive. There is always a way to have what you want but you might have to do the work to get it or make it. We wanted a camper van for our holidaying and to just be able to hop in and go off for a weekend sometimes but they are Very expensive so instead we bought an MPV and fitted it with DIY portable units (so we still can use it as a car) and we have the same (almost ) convenience. Way too many other things to mention but that one was a dream maker.

[@GabeBult]

That sounds really cool