Відео

Agree with you about the pets, they are a burden for me. I might get some hate for that, but I'm not saying they are a burden to everyone, they just are for me. We spend alot of money for human-grade high quality food for them, put them up in boarding when we go on an overseas trip or have friends or family look after them, so they are well cared for, we just don't get the warm and fuzzies from them like most other people do. I disagree with you about the restaurants. We put $20/week away for a special meal, every 6 months thats $500 for a special occasion and life's short, so we enjoy it and it's guilt free because in our minds that $20/week is not much and it's already accounted for. Sounds like you didnt have a great experience at the fancy restaurant, and thats a shame, because when you find a good one, its a real treat! Sure we can put that $20 a week toward something else, but you gotta live a bit and do some things that give you joy before you disappear forever.

I am here to say your videos are bringing more value lately. It might be that you are more authentic and bring in more critical thinking, as well as trying less of “trending” videos, when suddenly all of the finance themed UA-camrs do same videos, like “get ahead of 99% of everyone else” Keep up being honest, common sense, and questioning well-established concepts

Do you have a video that talks about all the different passive income streams ppl use?

in my opinion if your 1 job can give you good life, invest, free will, live in frugal life, with emergency funds and no debt, why you mandate 2nd job? sometime chasing money is exhausting.

My wife and I were the black sheeps in our family while everyone else were after the name brands, new car, and all the hype. We were made fun of in the process, as we never jump in the bandwagon; until 2 years ago; that her and I paid off our our mortgage; had the property rented out for travel overseas; not just to travel but to live; many wondered; HOW? Living simple; and not keeping up with the Jones's was a bitter sweet idea that made it all possible. Awesome video.

if people SUSPECT you are rich ,just make it sound like its all on credit! SAy things like "i hope to get it paid off someday"",i havent had a house payment in 20 years ,and no vehicle payment in 35...the money i have saved on NO-FULL-COVERAGE insurance has saved me 50k....

Thanks for another great one. Just paid off the mortgage on one of our rental properties! One step closer! 👍

What should a 71 year old , medical disabled woman living on social security ($1289) do to increase my income?

You are TOO young to be indoors this much!

Low self esteem is a big part of success. I felt I was sometimes not good enough for my boss and couldn't take his kindness.

God through Christ is the fulfillment that is missing. Natural life can only provide so much for humans no matter if you retire early or work forever. Retiring early and having more time to spread eternal salvation to the world while loving my wife and growing our family is goals for me 💯

How did you get rich and why? What is the point of your life. Sounds like you have something to prove. Actively trying to look "poor" is just as bad as actively trying to look "rich." It all comes down to ego in the end. Also, how do poor people look anyway? I have actually been rich, poor and in-between; and have always presented myself in a professional manner in dress, words, and actions. To put on a show and pretend to be someone I'm not is ...well.... a lie.

I watched Bigger Pockets and when you said " Proven" plan, I was like ...why don't people know about this ?

The disclaimer, obviously, is that this is advice for wyte people only. I can't look poor. I get no respect. I get treated like sh*t if I do.

Sure, along with that I’d say stop judging others for their choices. If someone else wants to work a part time job in order to make that truck payment is entirely up to him. Unless he came up to you asking for advice and complaining about living paycheck to paycheck because of his truck payment. I often see people “bragging” about their minimalist lifestyles and how wealthy that has made them…. So, they are fronting their own lifestyle over others’. There are some people that grew up dirt poor and want to experience certain indulgences before they’re too old to enjoy anything. Maybe finding that balance is key. 🤷🏻‍♂️

The truck thing hit home. My father bought a new f250 4x4 in the 80s then delivered newspapers for years to pay for it... ive never worked a 2nd job, and rarely worked overtime.

My coworker told me 25 years ago i live like a college kid. I retired early 50s, he turns 70 this year... he's still working. Talks about his house a lot.. we're friends still

I appreciate the advice and wisdom you share. I look forward to your content. Just the other day I was having a discussion about finances and lifestyle and I referenced you and your channel by name. Your videos are a pleasure to watch and you seem very authentic. I wish you all the best of luck moving forward.

Gabe Bult binge.... :)

Have a job and side hustle but then sort of made this leap to buying a house... you lost me

My preparation is to be armed to the teeth . Secondly, to have a network of support that is armed with heavy -uns and drones.

Made video and I love your humor during the video. One thing I do when I feel guilty about getting rid of something that I spent money on or someone gifted to me? I take a picture of me holding it or it in its place where I put it for decoration and then put it on my digital photo frame so I can see the item and have the memory of it but no longer need to have it in my possession. I also like to write down in a journal, the gifts that people give me. I write down the date, the item and the occasion, so I can always go back and look at it and remember it without having to have it anymore.

As a 20 year old trying to retire early with high savings rates I would LOVE to see more videos on retirement and ways to retire early!! I love videos like this it keeps me motivated and opens my eyes to a lot of things

Do you hold you properties in a company name to pay less tax or is it held in your own name

Great video Gabe! I've enjoyed your videos. Keep it up! As a bespoke multi-generational wealth manager, I just wanted to throw in some good info as well. This is looking at the most inefficient way of "retirement". Doing something as simple as moving some of your investments into an unallocated asset (something not tied to the market like savings, gold, cash value whole life, etc) to create a volatility buffer. So when the market is down, you take money out of that asset to let the market catch back up. This allows your to pull way more than 4% out without worrying about running out of money. That's just one strategy among many that allow you to not have to hit such a crazy high number of savings to live off a retirement you want. Also, having properly structured whole life insurance is a great way to leave a legacy to your kids which gives you permission to spend all your hard earned money in retirement. You wouldn't have to stress about being frugal with your retirement bc you want to leave some to the kids. Anyway! Great video dude! Just love sharing other alternatives to help educate people. We, here in america, are horrifically undereducated when it comes to personal finance!

My husband (37) an I (27) are in mini retirement after investing our savings (stock funds) in our homestead. Beeing debt free and "living from the land" allowed us to lower our expenses to a point that we can live from 700€/month as a family of 4. Here in Germany, parents are given a monthly child benefit/allowance plus extra benefits for children under 3 if not put in day-care. We love spening all of our time with our kids and including them in our little farm. Soon we will start developing some more pasive income strategies with our homestead and be able to save up more for retirement and our children.

I love you videos so much! You motivate me to do so many things I have talked about for so long and now because of you I want to change and do those things! Thank you Gabe and please keep making these amazing videos that help change our lives!

We were fortunate to retire at the age of 55. We did our traveling and hiking while we still had our health. At the age of 68, hubby is no longer physically able to do these things. You are so smart to be thinking about this in your 20's.

This is a lot to think about. All you talk about is...MONEY! Another Great Conversation.

My grandma is 103 and she’s been saying she was on her way out for like over 30 years 😂 God bless her. Lesson is you never know how long you’ll live. Sooo if you plan to be broke at 80, you could have another 20 years of life you didn’t plan for 😂

Lots of great monthly income stocks and ETFs yielding between 8-12% safely and consistently paying out. If your prioritizing income rather than long term capital growth you need far less money to reach financial independence earlier. 1-2 rental properties and a handful of monthly paying stocks is all it took for me, it may seem daunting, but I worked a blue-collar job and just leveraged debt for the property. If you have strong budgeting skills and a good attitude you can accomplish just about anything.

Die with Zero seems like a great way to spend if you are a hedonist. Why not leave money to people you care about? I don't understand that logic unless you have no family, live alone and don't care about anyone. Unless I'm not getting something there?

10 percent of your income a year spent on assets seems pretty low to me. But in order to spend more on assets I spend less on consumer goods. I rarely want the things more than the assets

This book sounds like a remake or copycat of Die Broke by Michael Pollan (1997), you should read that one too & compare with the original.

Great content man. Very inspiring! I’m in the beginning stages of building a commercial repair service business. It started out as a side hustle and now I’m going on year 2 full time. As a single member llc I take a Personal draw only as needed maybe once or twice a month for our small family of 3. I tithe 10% of the draw. What’s your opinion on this vs 10% tithe of business income? Or business profits?

❤

The most satisfying feeling in this realm is going through my monthly statements and looking at the numbers grow over the past nearly four decades. Things are nice but these very things can turn out to own you.

My family has a pretty long life span. Obviously, that doesn't mean I will. But most people in my family live from 88 to 99. Nobody has hit 100. Most people in my family that have died before 90 has been because of cancer, alzheimers, or an accident. One of my great uncles was still ranching at 99. He got thrown off a horse and his health declined rapidly after that and died before 100. I'm from 2 huge families so there's lots of data points. And none of these people take care of themselves. In planning my retirement I've kinda assumed I would have a long lifespan jic. My grandmother died at 76 from cancer but my grandfather lived until 90. So who knows. But I am concerned about running out jic. I don't have any kids. So I don't have anyone to leave my wealth too. I'm thinking about creating some kinda fund for either innovation or to help traumatized children. Since I was substantially impacted by childhood trauma. It's probably the reason I don't have a family. I find it incredibly difficult to get close to people. Or be around people because of it. I'm not sure yet how to set all that up. But I know I want to help traumatized kids in some way. Still trying to figure out how to do that. How I want too.

*Some of* the systems that we are taught in America encourages spending. Some... not all. Choose your system carefully. There are other belief systems that discourage spendthrift behaviour. These systems are often espoused by successful people in older generations who are immediately dismissed by younger generations under the false belief that they just had it easier.

Protects you from gold diggers and scammers too.

*Good video but this is all things being perfect. Most people will get married and half of them will get divorced. House gone. Child support? Alimony? Most American earn less than $100k, so living on $25k (75%), or $50k (50%) will be a challenge. Unexpected life cost? Additional income and retiring in an expensive country is the best plan. Colombia, Mexico, Thailand, Panama or the Philippines will allow you to retire sooner. Lastly, if you’re dating an American woman most of you can forget being a minimalist. I mean she needs to keep up with her friends on IG and TikTok. Great video but divorce, wife being diagnosed with breast cancer or some other negative life experience would easily set him back.*