How I Saved $100,000 By 25

  Рет қаралды 911,209

Gabe Bult

Gabe Bult

Күн бұрын

Пікірлер: 644
@GabeBult
@GabeBult 2 жыл бұрын
What are your money saving tips?
@juliemarkham4332
@juliemarkham4332 2 жыл бұрын
Automated savings at a bank other than my credit union, with no ATM or debit card access.
@homeandgardendiaries6384
@homeandgardendiaries6384 2 жыл бұрын
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 2 жыл бұрын
@@homeandgardendiaries6384 Or make sure your deposits are FDIC protected.
@homeandgardendiaries6384
@homeandgardendiaries6384 2 жыл бұрын
@@juliemarkham4332 That will not matter for bank bailins.
@juliemarkham4332
@juliemarkham4332 2 жыл бұрын
@@homeandgardendiaries6384 Why not? It's the insurance company that covers the money, not the banks themselves.
@lucaseilbacher77
@lucaseilbacher77 2 жыл бұрын
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 2 жыл бұрын
💯 most stuff is not necessary
@sarahmc8309
@sarahmc8309 2 жыл бұрын
Me too 😂😂😂😂
@drgreenthumb8889
@drgreenthumb8889 2 жыл бұрын
Thank you imma try this 😊💗
@lifetimestoriesphotography
@lifetimestoriesphotography 2 жыл бұрын
I like this one usually I waited a week now I go a month haha
@MelissaCarterRealtor
@MelissaCarterRealtor 2 жыл бұрын
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. 2 жыл бұрын
"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 2 жыл бұрын
Brilliant 😉😂
@dudanunesbleff
@dudanunesbleff 2 жыл бұрын
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. 2 жыл бұрын
@@dudanunesbleff But not more hours in the sense of more than the regular 8 hours..
@MR-pw4zn
@MR-pw4zn Жыл бұрын
It’s a quote from the movie fight club I believe?
@albert_zweistein7196
@albert_zweistein7196 Жыл бұрын
The golden rule that already my grandpa told me
@EZTravels99
@EZTravels99 2 жыл бұрын
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 2 жыл бұрын
I´m very sorry for your loss, wishing you the best! You got this :)
@angelchavez4369
@angelchavez4369 2 жыл бұрын
i’m sorry for your loss! stay strong
@kaykay710
@kaykay710 2 жыл бұрын
So sorry for your loss. Stay strong and don’t let anything get in your way. rooting for you!
@ivanmayet7879
@ivanmayet7879 2 жыл бұрын
I'm sorry to hear that bro, i hope you will find the strenght to move on
@elbell6910
@elbell6910 2 жыл бұрын
@ 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.
@rochellerobinson939
@rochellerobinson939 2 жыл бұрын
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 2 жыл бұрын
Wow! Super inspiring!
@XxAlex530xX
@XxAlex530xX 2 жыл бұрын
Did you go to college for that job?
@yellowballoon4143
@yellowballoon4143 2 жыл бұрын
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 Жыл бұрын
Pretty easy to save money when you make a lot of it.
@777Bviews
@777Bviews Жыл бұрын
@@mmaisking1 🙌🏽🙌🏽
@jamesowen9384
@jamesowen9384 2 жыл бұрын
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 2 жыл бұрын
@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.
@guildardaze1438
@guildardaze1438 Жыл бұрын
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
@karenmendes5867
@karenmendes5867 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
@@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 :)
@Jesseg-rj6xf
@Jesseg-rj6xf Жыл бұрын
Basically he’s making money on how to make money on KZbin. Same story washed over and over again by everyone
@ellajones9787
@ellajones9787 Жыл бұрын
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 9 ай бұрын
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.
@baileymclean8186
@baileymclean8186 2 жыл бұрын
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 2 жыл бұрын
@Lloyd Bernard
@glenbert1396
@glenbert1396 2 жыл бұрын
@@roseroland1998
@lisaollie4594
@lisaollie4594 2 жыл бұрын
@@glenbert1396
@glenbert1396
@glenbert1396 2 жыл бұрын
@@lisaollie4594
@anthonyrussell5718
@anthonyrussell5718 2 жыл бұрын
@@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
@ModernDayPilgrim
@ModernDayPilgrim 2 жыл бұрын
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. 🙌🏼😂 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! 💯😃🙌🏼 Anyhow, I really enjoy your channel.
@ellendunn559
@ellendunn559 2 жыл бұрын
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 2 жыл бұрын
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 8 ай бұрын
@@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.
@neideisabelmua
@neideisabelmua 2 жыл бұрын
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 2 жыл бұрын
😂😂 I also have fun shopping on line then empty my cart 😂😂
@rainacherienne1010
@rainacherienne1010 Жыл бұрын
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 Жыл бұрын
I do this without meaning to because things aren't meeting my expectations.
@jackieconrad4500
@jackieconrad4500 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
I'm English too , get you're hgv license , earn 15 to 25 an hour mate
@littlefairyland763
@littlefairyland763 2 жыл бұрын
@@sarahmc8309i suggest invest in gold bar.. .i always regret just saving money because the value of money decreased by the inflation
@nadogrl
@nadogrl Жыл бұрын
@@littlefairyland763 - Silver is more affordable.
@kristapisano8142
@kristapisano8142 2 жыл бұрын
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 2 жыл бұрын
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 2 жыл бұрын
@@GabeBult you can get a GED
@deniselara7809
@deniselara7809 2 жыл бұрын
PREACH!
@irinayes
@irinayes 2 жыл бұрын
👍 agree
@littlefairyland763
@littlefairyland763 2 жыл бұрын
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
@ReubenDomingo1
@ReubenDomingo1 2 жыл бұрын
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.
@alaggs7279
@alaggs7279 Жыл бұрын
I thought all these points were common sense
@slhilliard
@slhilliard 2 жыл бұрын
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!
@azu_rikka
@azu_rikka 2 жыл бұрын
•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.... •
@Historyteacheraz
@Historyteacheraz 9 ай бұрын
The best way to build wealth is to start young. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great investing book for teens.
@bessieoriotis5104
@bessieoriotis5104 2 жыл бұрын
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 2 жыл бұрын
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.
@Not_Lewis
@Not_Lewis Жыл бұрын
The thumbnail is such clickbait.. you spent nothing? So no mortgage? You said you had a mortgage and a car. It's impossible to spend "nothing"
@donaldlyons17
@donaldlyons17 Жыл бұрын
People on social media don't tend to tell the truth. It is like they feel the need to exaggerate for some reason(s). It is almost like they only care about getting more and more views, subs, likes, endorsements.
@larryhouse3776
@larryhouse3776 Жыл бұрын
I've seen people drop dead from undiagnosed medical conditions. Seen lives come to an end or forever change from accidents. Money is worthless if you aren't enjoying it. $100,000 in your pocket or 10 prime years of your life living under a rock because you didn't want to enjoy it. See it how you want. I know Money has no value if it isn't enjoyed. However there is a balance of course. My financial advice, if you can't afford something twice over, you can't afford it at all.
@FrogeniusW.G.
@FrogeniusW.G. 2 жыл бұрын
"Luckily we didn't go to school. I even didn't finish highschool." That's a statement. 😁
@ElizabethCar
@ElizabethCar 2 жыл бұрын
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.
@moise7648
@moise7648 2 жыл бұрын
30 years old still living with my mom
@adarateranroldan
@adarateranroldan 2 жыл бұрын
That’s ok. Be grateful you have the option. Not everyone does.
@Littledropsofkindness
@Littledropsofkindness 2 жыл бұрын
Brilliant video, we have a shopping buddy so we buy in bulk and split it, it's saved us £600 a year on food
@GabeBult
@GabeBult 2 жыл бұрын
Nice! 💰🔥
@lawra89
@lawra89 2 жыл бұрын
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?
@_sunnycute_
@_sunnycute_ 2 жыл бұрын
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 :)
@susan5661
@susan5661 2 жыл бұрын
“Um, pay no attention to the drinks behind me”. !!! Excellent tips Gabe
@GabeBult
@GabeBult 2 жыл бұрын
Lol gotta be real
@Boy.mom.kelsey17
@Boy.mom.kelsey17 2 жыл бұрын
I’m interested in hearing about not finishing school, maybe there is already a video on why and the decision behind it?
@GabeBult
@GabeBult 2 жыл бұрын
I’ll be making a video on that soon 🙏
@cheekymonkeygirl3378
@cheekymonkeygirl3378 2 жыл бұрын
Going to school makes people accredited. 😻
@mossyoakmom8880
@mossyoakmom8880 2 жыл бұрын
Well my daughters graduated from college. One paid off 90,000 in student loans in 3 years all while having an auto immune disease that sent her back a little. My other daughter has already paid off 17,000 of the 40,000 she owed in student loans. She has only been at her current full time job for under 6 mos. She has 3 jobs, one full time and 2 part time, and will have her remaining student loans paid of within the year. A college education is rewarding if you go into something that you need a degree for and pays well. If you are going to get a job that doesn’t require a degree then no need for the college education.
@stevesloan5935
@stevesloan5935 Жыл бұрын
@@GabeBult The late, great Neil Peart was a high school dropout. I recommend that you add his books "Ghost Rider: Travels on the Healing Road" and "Roadshow: Landscape with Drums" to your reading list.
@trishawallor
@trishawallor 2 жыл бұрын
This was a wonderful and very much needed piece! We young people must understand that saving is not enough. It's a good start, but given the way the economy is going, you have to do better. Investing that saved money is a must and diversifying your investments so you have multiple streams is key. Of course, you have to be well informed on where you put your money or better still, get a pro to handle it for you (that way, you save time and minimize risks). Made my first million this way earlier this year from investing my savings something as casual as forex. Good luck!
@chriswilliams2061
@chriswilliams2061 2 жыл бұрын
Amazing approach though not quite as easy... You mentioned something about using pros., if it's not a bother, do you mind telling if you used one to achieve this feat and recommending any good one? I could definitely use help right now as my finances are currently in a terrible state... I look forward to your reply...
@pizzaguy7998
@pizzaguy7998 2 жыл бұрын
real solid talk right there
@trishawallor
@trishawallor 2 жыл бұрын
@@chriswilliams2061 Funny enough, I can honestly relate. Nobody said it was easy as it takes some level of decisiveness and discipline. Yes, of course I used one. I know next to nothing about forex and all. I don't know if I am permitted to go into details here, but her name is "Leah Marie Sandock". Was in the news a lot in 2018. You may look her up for more.
@tomthetalker4442
@tomthetalker4442 2 жыл бұрын
@@trishawallor wow I know this little lady. Once attended a fundraiser she was also in attendance in Vancouver,, Great speaker with a funny accent,, She's American though, I doubt she works with foreigners,,,
@chriswilliams2061
@chriswilliams2061 2 жыл бұрын
@@trishawallor Thank you...
@running_realestate
@running_realestate Жыл бұрын
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
@jacobg8640
@jacobg8640 Жыл бұрын
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 Жыл бұрын
That’s awesome that you were able to stay home it’s definitely a huge advantage if you can
@bluemermaid6515
@bluemermaid6515 2 жыл бұрын
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.
@shimaohana
@shimaohana 2 жыл бұрын
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. 🤙👍👏
@sniperlul
@sniperlul Жыл бұрын
That is american dream they talk about
@rickfiyah
@rickfiyah 2 жыл бұрын
Having a side hustle is huge. Often it comes down to making more money, and saving that
@maalikserebryakov
@maalikserebryakov 7 ай бұрын
My side hustle is tsking cars to Simeon in GTA
@FreeSpirit47
@FreeSpirit47 2 жыл бұрын
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.
@FreeStyleKid777
@FreeStyleKid777 Жыл бұрын
Dude....being paid one of the highest salary in the country (non managerial position) and not spending a penny out of it, it would still take 6 years to get to 100.000, in Romania...what you talk about, is literally only possible in USA, Canada (maybe) and maybe 2-3 countries in western Europe. So yeah, unless you were lucky enough to be born or have the chance to move there early and in a healthy environment...it is impossible.
@Alan7997
@Alan7997 2 жыл бұрын
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.
@notyouraveragegringos
@notyouraveragegringos Жыл бұрын
Great tips!!! I finally bought a good cellphone because I'm using it for our KZbin videos. Prior to this one my cellphones cost me about $25 and they worked fine. I only had texting and calling, no data on my old cellphones, and my monthly bill was $28 for the cell plan. I actually had people offer to give me their old cellphones or their kids old cellphones for free but I just laughed and said why this one works fine! My cars are old but they get me where I need to go. And I will 100% stop and pick up furniture at the side of the road and refinish it. Free furniture? Hell ya! We saved enough money during the pandemic to buy a house in Portugal (technically it's classified as a ruin) and spend our first year in a new country renovating our house and learning the language. 10 months in and we are loving our new home/country. Dream big, spend little and live your life to its full potential. ✨️
@jt4397
@jt4397 2 жыл бұрын
Dave Ramsey called, he wants his one liners back.
@MegaJorn123
@MegaJorn123 2 жыл бұрын
How to safe money? Be cheap lol, dont need a 20 min video
@aab434
@aab434 Жыл бұрын
You don’t need a cheap phone buy a really good one that’ll last 4-5 years most cheap phones may save you money in the short run but they often crap out after a year maybe 2
@cain2548
@cain2548 Жыл бұрын
Too bad it's only worth 50k now though. Lol
@manbhakupar350
@manbhakupar350 2 жыл бұрын
Watching your content makes me feel wealthy
@workingisfun5790
@workingisfun5790 2 жыл бұрын
Taking free money, why not?
@GabeBult
@GabeBult 2 жыл бұрын
If it’s free ..
@alexweir1373
@alexweir1373 Жыл бұрын
eh. good on ya. but peoples financial woes are still just as much a product of wages not reflecting productivity, the cost of living increases, and inflation. As they are of not being fiscally disciplined. Unless I missed it I didn't hear what type of job you had as your main source of income. How much help from family and friends you received financially and otherwise. What socio-economic strata was your family. Etc. In order to get 100k in 7 years. I assumed working from 18 to 25 you'd have to save 1200 or so a month. Something pretty difficult to do on a 15/hr job where you make something like 2400 a month and are living independently. I used 15 because its within range of most jobs folks can get within a few years of graduating HS. Adding 3 to 5 dollars certainly helps but is not significant towards the 100k by 25 goal. While this video is commendable and gas great advice I wish we had these details for clarity.
@kevinrehak7373
@kevinrehak7373 9 ай бұрын
So we avoid debt like crazy but sign up for numerous credit cards, take out multiple mortgages, etc etc. thats a tip i woulda just left out if it was me
@dmtdreamz7706
@dmtdreamz7706 2 жыл бұрын
On a certain level, we have money in our brain, the neurochemicals that show up in flow: so dopamine, norepinephrine, anandamide, endorphins, and serotonin. If you were to try to cocktail the street drug version of that, right, you're trying to blend like heroin and speed and coke and acid and weed- and point is, you can't do it. It turns out the brain can cocktail all of 'em at once, which is why people will prefer flow to almost any experience on Earth. It's our favorite experience. It's the most addictive experience on Earth. Why? 'Cause it cocktails five or six of the largest pleasure drugs the brain can produce. We're all capable of so much more than we know. That is a commonality across the board. And one of the big reasons is we're all hardwired for flow, and flow is a massive amplification of what's possible for ourselves.
@GracieGirl24
@GracieGirl24 2 жыл бұрын
Love your videos…always informative. One request….can you bring the baby on every video….????? She makes the videos ❤️
@MsLinaPeanut
@MsLinaPeanut 2 жыл бұрын
Thanks for all the content Gabe. You're one of my favorite youtubers lol. Listen to you everyday while I'm working!
@GabeBult
@GabeBult 2 жыл бұрын
Thanks so much !
@mhmdsaeid5907
@mhmdsaeid5907 2 жыл бұрын
Bro I love your content, the commitment of making the couch stand 😂😂. I really hope you get that Tesla. Follow up question, why did the real estate and fifteen other side hustles not work out? Would love to hear about your experience, the mistakes you made and what you learned from them.
@GabeBult
@GabeBult 2 жыл бұрын
Thanks 🙏 Cuz I suck at sales lol very introverted I can do a video on it sometime or something
@mhmdsaeid5907
@mhmdsaeid5907 2 жыл бұрын
@@GabeBult That would be very much appreciated. Honestly I had this house hacking plan for my future but I'm super introverted as well, I have the social skills of a 2 year old 💔
@RJ12347
@RJ12347 Жыл бұрын
Do you need a Tesla?
@777Bviews
@777Bviews Жыл бұрын
I saved $1,000 by the time I was 389 years old.
@MuscleAndFuss
@MuscleAndFuss 2 жыл бұрын
I'm 29 and haven't even earned 100k in my whole entire life... I'd say most people already do these things out of necessity!
@rketek
@rketek Жыл бұрын
Not getting INTO debt on the first place is big. So easy when you're young to rack up the credit card.
@Seva896
@Seva896 Жыл бұрын
These tips are great. The only question is this 100k is about to deplete in purchase power by 10% a year if not more (depends on your spending profile). What do you do to preserve them?
@Steeebon
@Steeebon 2 жыл бұрын
Renting rooms out is a no from me unless we are like this🤞🏼. I hate most people and generalize most of them due to the constant variable ive seen. Which is that people are lazy, people are messy and people just suck.
@maalikserebryakov
@maalikserebryakov 7 ай бұрын
I wish i was sociable enough to be comfortable renting a room.
@heathersohappy2833
@heathersohappy2833 2 жыл бұрын
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 Жыл бұрын
Haha wow thats an interesting approach^^
@kenjkbs
@kenjkbs Жыл бұрын
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.
@40johnson87
@40johnson87 Жыл бұрын
I like how the first tip is to only buy one cheap car. Nah, buy no cars. You only want a car you don't need one. You can cut out a lot of other bullshit by just not driving
@MultiLadybug72
@MultiLadybug72 2 жыл бұрын
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 2 жыл бұрын
Thanks! I have a lot of fun
@MultiLadybug72
@MultiLadybug72 2 жыл бұрын
@@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
@gerardsicat3103
@gerardsicat3103 Жыл бұрын
Saving 100k & with a mortgage?! 😮😮😮 👏🏽 👏🏽👏🏽
@ngwei2255
@ngwei2255 Жыл бұрын
Hw will you know u save and u gt the life to spent later? My mum saved yet by the time she is in her 60s her health deteriorate n passed on at age of 70.
@tubbycustard8866
@tubbycustard8866 2 жыл бұрын
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
@kierandegrada2573
@kierandegrada2573 2 жыл бұрын
Congrats . Hello from Ireland. If only most people could do what we do. Planet would be better and so would we.
@stacycreates24
@stacycreates24 2 жыл бұрын
If you have a “thanks” button and people could give you free money.
@GabeBult
@GabeBult 2 жыл бұрын
I’m ok thanks though! Just a like is good
@fpl4172
@fpl4172 Жыл бұрын
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.
@Violet1996-
@Violet1996- 2 жыл бұрын
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 🔥
@Narbyful
@Narbyful 2 жыл бұрын
Free money: putting my stupid medical bill payments on the credit card that had the best cash back program, and then paying the bills in full. The fall I had breast cancer, I paid all the bills with that card, paid it as treatments went, and the cash back paid for Christmas when I was done. It so worked for me. Dammit.
@MarielaMerino
@MarielaMerino 2 жыл бұрын
which credit card was that?
@daisymaedog
@daisymaedog 2 жыл бұрын
Also not everywhere will do this, but the hospitals In my town will give you a 20% discount on your bill if you ask and say "Can I get a discount if I pay this upfront today?". This has saved me so much money.
@Narbyful
@Narbyful 2 жыл бұрын
@@daisymaedog Thanks. Yea, I've been offered that a few times. I had cataract surgery last year (I've had a very exciting few years in my health life...) and the bills were huge. The hospital surprised us with an extra $2000 bill and I told them, look: I have other medical bills. This is really difficult for us. The lady instantly offered 10% off if I could pay it in full, including just putting it on the credit card that was giving us 18 months interest free, designed for medical payments just like we were taking on. So I took that deal. It was $200 off, which was helpful.
@Narbyful
@Narbyful 2 жыл бұрын
@@MarielaMerino I'm pretty sure it was American Express.
@marie-ray
@marie-ray 2 жыл бұрын
First I'd have to make 100,000 😂
@nolakillabeast
@nolakillabeast 2 жыл бұрын
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 !
@michellebilodeau3882
@michellebilodeau3882 2 жыл бұрын
Cooking and not going out to eat all the time saves you a ton of money.
@AT90963
@AT90963 2 жыл бұрын
Earned my sub! The couch 🤯 so creative.
@danicegewiss862
@danicegewiss862 2 жыл бұрын
My husband and I are using one car. His truck needs work. It's not getting better by sitting, but it's not costing as much as it could have. We are looking at buying a fixer upper vacation home. My husband is very good at fixing up homes. After it's fixed up, we plan to rent it out and reserve time for our own vacations. I just watch the Spotify ads. We're doing a no buy thing until the debts are paid off. That should be this year.
@noseefood1943
@noseefood1943 11 ай бұрын
I bought a hair trimmer for $17 and cut my own hair saving $35 per month = $420/ yr
@maalikserebryakov
@maalikserebryakov 7 ай бұрын
I cut for $7 a month.
@samoansojah3886
@samoansojah3886 2 жыл бұрын
Acting as in back ground acting there’s a big difference!
@annkrull9894
@annkrull9894 2 жыл бұрын
Tracphone are very cheap and great
@jessicawarn2010
@jessicawarn2010 Жыл бұрын
I can tell how much work you put into this single video. Great video. Love your vibe
@randommay8085
@randommay8085 Жыл бұрын
How to save $100,000 Have rich parents
@dorediskin9365
@dorediskin9365 Жыл бұрын
Don't eat. You save on food. When you die from starvation, you save on everything else.
@GabeBult
@GabeBult Жыл бұрын
That is actually brilliant
@RyanPiano25
@RyanPiano25 Жыл бұрын
This save everything mindset is worse for you than spending all of your money is. You are only 18-30 once. You are much better off focusing on enjoying life as much as possible AND building wealth. I chose to not go on an OE for a few months backpacking Europe with my friends when I was 23 to save money instead and I regret this deeply. There's a video on KZbin that interviews 100 year olds and asks them what they would do differently. Pretty much all of them came to the same answer and that was to enjoy life more. You can't take your money with you when you die
@Hank_Amarillo
@Hank_Amarillo Жыл бұрын
helps if you have a 100k a year job......
@tarat26
@tarat26 2 жыл бұрын
Energy drinks like lucozade, redbull etc & frappa this weather are my total downfall. I cut out drinking but substituted alcohol for sugary energy drinks. I know it costs loads each week and adds up.
@solab0y
@solab0y Жыл бұрын
Have you tried sparkling water?
@gabrielleangelica1977
@gabrielleangelica1977 2 жыл бұрын
I'm an assistant teacher. You will NEVER be rich on my salary. Try having a family as well in NYC! 💵
@sydneyradigan676
@sydneyradigan676 2 жыл бұрын
Do you have ADHD?
@barbaramoss6413
@barbaramoss6413 2 жыл бұрын
There is a Rule of 72. If annual percent interest multiplied by number of years to make 72, your money doubles from the compound interest. 40 years ago an 8% 9 year CD doubled money in 9 years. 12% for 6 years doubled money in 6 years. Good luck with that in today's nearly par interest world.
@DivyaRaviraj
@DivyaRaviraj Жыл бұрын
It’s crazy how you could do this. Like have 3 jobs. It’s difficult to just get one.
@michaelbevan1081
@michaelbevan1081 2 жыл бұрын
Cutting my own hair I tried for the first time fairly recently - it worked out fine; Still saved me $40-$45 CAD.
@joelane7146
@joelane7146 2 жыл бұрын
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 2 жыл бұрын
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.
@EastCoastShorts
@EastCoastShorts Жыл бұрын
The safe way to double your money is to fold it over once and put it in your pocket.
@wafflez9191
@wafflez9191 Жыл бұрын
You only have one child and that's fine. But others with 2-3 kids it's doable but Harder. Food for thought
@speaqz4478
@speaqz4478 7 ай бұрын
the question is: do you really life?
@ferrisd7566
@ferrisd7566 2 жыл бұрын
Hi! I haven't received the ebook yet. I've checked all of my folders. Thank you.
@GabeBult
@GabeBult 2 жыл бұрын
Checking on it
@malachi6336
@malachi6336 Жыл бұрын
so you have succefully saved 100,000 what do you plan to do with that money cause you can't just leave it in the bank that's dump
@Metsfan1986
@Metsfan1986 Жыл бұрын
If you buy a new flagship phone and plan to keep it for 5-7 years, that's not a bad route to take. Especially with Samsung and Apple. Samsung has been really getting better with how long flagships are supported. I have the S22 utra 256GB and I got it for just under $1200 with a Verizon credit. I plan to keep it for quite a while. I've already had it almost 8 months.
@josephguarino7555
@josephguarino7555 9 ай бұрын
Keep in mind that if you are opening bank accounts and especially credit cards often you will likely be screwing up your credit score! You also might be tempted to spend more money you don’t need to just to meet the minimum redemption limits
@regieds
@regieds 2 жыл бұрын
At 25 I had $10k in credit card debt, $20k in car loan, and planning on going into my grad program for another $35k. I am now in my early 30s, all debts paid off with about $180k net worth and over $115k income. I'm still trying to save aggressively to reach lean FIRE or FIRE!
@ElijvhAllen
@ElijvhAllen 2 жыл бұрын
What was your plan
@XxAlex530xX
@XxAlex530xX 2 жыл бұрын
What did you study in school?
@regieds
@regieds 2 жыл бұрын
@@XxAlex530xX I studied public administration and got a government job while doing my grad program. Then I was promoted a few times after graduating.
@SpiffyGolfTV
@SpiffyGolfTV Жыл бұрын
I'm save 37.000€ from 3 years job. I buy a bike and PC
@brandtc.7991
@brandtc.7991 Жыл бұрын
I know this video is older, but the best thing I ever did to save money was to eat at home (well duh, right?), well the catch is that I still went out with friends to restaurants, but instead of eating there I would just hang out. The thing I realized is that most people that asked me to go eat with them just wanted the company, not really have me spend and eat, so after a few times it became normal for others too, I would still be asked ALL the time, even more so because they didnt feel guilty with me having to spend money while with them. It was a win win all around by just pre eating, but then still being able to socialize and save :)
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