My wife and I managed ~69% savings rate over the last 9 years. It started at a very low percentage and grew each year as we got better at being frugal.
Great video Gabe! My family of 5 had a savings rate of 40% on 1 average income. That allowed me to quit my job to work on my UA-cam channel. It’s doable for anyone if you really want freedom!
On a mortgage all of the interest is "loaded" up front - so you are paying only interest and no principle at the beginning of a loan. There is a wiki page titled "Weighted-average life" which explains the concept. On that page they show an example of a 30 year mortgage at 4% has a weighted-average life of 17.97 years. So if you are past year 18 of a 30 year mortgage you have paid all of the interest so it makes no sense to pay off the mortgage early.
Gabe! What a great video. Hopefully you can grow on youtube and eventually be able to pursue it full time if that's what you enjoy. Your content is quality!
I agree with doing things to be able to retire early and to invest your money to create passive income. And of course it isn't about so much about what you're making as to what you do with what you make. But it's also a COMPLETELY different ballgame when you are trying to support a big family like what I have. I am married with five children. I'm not a young single person only taking care of myself. It's not something that is as simple as doing something on your own. With that said, it is still very possible to save and invest and retire at a young age as well. It is something that I hope to be able to achieve, especially with having a big family
Hey Gabe, first of all love these kinds of videos you are putting up, keep them coming! 2nd can you please provide a link to that retirement graph thing you had up earlier in this video. Thanks!
I am living in suburban Denver, and I have some disability benefits that I would lose if I moved out of the area,. However, I am looking for a place that I can house hack.
Hi Gabe! Do you happen to use any calculators or budget sheets? How do you keep track of all that? I am curious what you use. The saving part isn't the hard part, its just tracking it and having an idea where I am headed to. Anything you can point to will totally help!
My wife and I managed ~69% savings rate over the last 9 years. It started at a very low percentage and grew each year as we got better at being frugal.
That's impressive congrats!
Steps to FI are very simple! 1. Save more than you spend 2. Invest. The steps are simple but putting it into practice is not!
FIRE is in everyone's reach. Its the path I am on and documenting my own journey on that path to FIRE.
Joshua Mackos - Financial Independence Retire Early boom! Me too!🔥🔥🔥 Gonna have to check out your channel!
Great video Gabe! My family of 5 had a savings rate of 40% on 1 average income. That allowed me to quit my job to work on my UA-cam channel. It’s doable for anyone if you really want freedom!
Grow the Piggy Bank great work 👍🏾
Wonder why he only have 12k subscribers.. This guy deserve a million subscribers, keep uploading great video bro. Filipino subscriber here..
Baby steps is Dave Ramsey
He’a definitely my favourite to watch out of all minimalist/finance content creators..from Melbourne 🇦🇺
On a mortgage all of the interest is "loaded" up front - so you are paying only interest and no principle at the beginning of a loan. There is a wiki page titled "Weighted-average life" which explains the concept. On that page they show an example of a 30 year mortgage at 4% has a weighted-average life of 17.97 years. So if you are past year 18 of a 30 year mortgage you have paid all of the interest so it makes no sense to pay off the mortgage early.
Hmm interesting - do you have a link to the article? I looked for it but all the formulas went over my head lol
This is the 1st time I watched your videos and it came at the right time. Thanks for sharing your tips.
Keep it up man, great content. Simple, easy tips ready to be applied. :) also first comment 😁
Thanks!
You're so awesome and your energy is great. thank you for teaching us!
Glad you enjoyed it anna!
Gabe! What a great video.
Hopefully you can grow on youtube and eventually be able to pursue it full time if that's what you enjoy.
Your content is quality!
Thanks!
Great video! Important steps Very motivated to be Financially independent!
Fantastic work, great content! Subscribed!
I agree with doing things to be able to retire early and to invest your money to create passive income. And of course it isn't about so much about what you're making as to what you do with what you make. But it's also a COMPLETELY different ballgame when you are trying to support a big family like what I have. I am married with five children. I'm not a young single person only taking care of myself. It's not something that is as simple as doing something on your own.
With that said, it is still very possible to save and invest and retire at a young age as well. It is something that I hope to be able to achieve, especially with having a big family
Hey Gabe, first of all love these kinds of videos you are putting up, keep them coming! 2nd can you please provide a link to that retirement graph thing you had up earlier in this video. Thanks!
Thanks Raz!
Sorry I just put it in lol my bad
@@GabeBult Really appreciate your quick response! Watching the commercial again for the Adsense :)
🙏 your the best
This was a great and very informative video. Thank you for sharing.
"I was living with my parents" - BINGO! It's super easy to save when Mum & Dad pay your rent ;-)
AWESOME INFO
I am living in suburban Denver, and I have some disability benefits that I would lose if I moved out of the area,. However, I am looking for a place that I can house hack.
Hi Gabe!
Do you happen to use any calculators or budget sheets? How do you keep track of all that? I am curious what you use. The saving part isn't the hard part, its just tracking it and having an idea where I am headed to. Anything you can point to will totally help!
I answered your Instagram message
Gabe Bult hey I didn’t get anything!
Save city !!
What are your thoughts on investing in a dividend portfolio should i even bother with or just everyrhing in VTI and fk everything else?
I just do vti and real estate keep it simple and chances are it'll do alot better then trying to pick
What is VTI ???
@@TheDino888 its vanguard total stock market etf of 3600+ stocks covering all of the us its index funf equivalent is VTSAX
@@x-31mej0r-5 thanks
whoever get out of the rat race is the winner in life!
Lucky I like you.
Thank u for doing this I feel dumb myself n did go to school but I’m older than u n I have kids so I don’t risk pls help
Where do I invest the money I am saving?
That really depends on where your end goals are. If I'm saving up for a big investment or real estate I keep it in a high interest saving account
Read rich dad poor dad for ideas