One of my favorite things to say to people when I see excess is " See all this stuff ... This all used to be money " It's a sobering thought for most people.
Gabe, I'm from the Philippines. You're one of my inspirations. I am currently in debt from credit cards becoz I shoulder my dad's maintenance meds. So it's okay. I know that this is just for now and I can survive this. I'd sacrifice everything for my dad. With your vids, I stay focused on my goal too, to be free someday. Baby steps it is. I may not be there yet, but I'll do little steps now to get there. Don't stop making these vids. We need you! 😊
I watch your videos every lunch break! I am a CPA and is currently employed. I started learning about financial literacy during the pandemic by reading Rich Dad Poor Dad as well. I am still learning. But you opened my desire to retire early, praying that would be after 3 years!
ppl really like to villainize work. If it's something you really like to do, and still make you money, how is that a bad thing? I have coworkers who truly enjoy doing what they do for their work, not thinking it's a chore. Spending time with family is not the only thing that makes one happy. Doing something that's like your hobby can also make you happy. I'm not saying everybody can make their dream come true, that their hobbies are also their job, but I'm kind of tired of ppl always saying work is a bad thing. Sometimes ppl think ahead of time in their life and turn their hobbies into their work and truly enjoy it
A 75% savings rate is effectively impossible in America. Savings rate = savings/gross income. After taxes 75% is about the most you can hope to still have total. So, after housing, insurance, food, transportation, utilities, etc... a 50% savings rate is about the best a high income frugal spender can strive for.
Saving 75% of your income is very possible if all your decisions are intentional. All you have to do is detach your responsibilities like rent , transportation, food, etc from your pocket……….For example before I bought my house, I bought a 4 unit building that pays itself and pays the mortgage in my house, before I bought my car for 18k I took public transportation until I saved the 18k to buy the car. Instead of paying for utilities I bought solar panels and change everything in my house electric so the sun is the one paying for it. I learned this from grant cardone…. Technically everything you do financially before doing it ask yourself… who got my money? Who got that 75% saving rate that you need? And then go get it. Go and provide them a service or need in exchange for money. In my car example, the dealership, gas prices and insurance companies had my money so I saved all that money by taking public transportation which is free because of my job and then I was able to save for my car.I know it’s easier said that done, I took me 8 years of habits, frugal living and taking action to be able to save more that 75% of my yearly income Today…It’s all comes down to making more money, spending less money and investing more money, all 3 together. But it is very reachable with the right mindset, believe that you can and taking action.👍
Possible. You have to make sacrifices. Rent out rooms in your house, don't buy an expesnive car, purchase less things, don't eat out, increase your income, second job, find a partner with same values. It's hard and you generally aren't living your best life but it's a sacrifice you need to makw
Let me tell you what nobody is going to tell you. Building wealth has never been a one person’s job especially if you are just starting. One of the best choices you can make for your life at this point is to be able to get someone who believes in your growth and will be willing to help you grow. Big thanks to Larysa Caba. I will always be grateful for everything you did.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
Gabe, I am sorry to say that I had a hard time listening to this video, all because of the annoying music that made me feel like I was constantly hit in the head while trying to concentrate on you words. I usually enjoy listening to your videos as they make me reflect on how to improve my own life. This time I hardly remember what you said.
Being creative to find ways to save … that’s a great mindset. I watch Gabe to help me stay motivated to keep moving toward my financial goals. Appreciate all the effort you put into these videos!
What you highlight in this video i think is extremely important for people to hear. And that is layering what you've learned and learning about yourself. Most of the time i hear people give up on managing their money. Its just "too much work". And this goes for any new skill. The people who go from zero to hero are incredibly rare. Your not one of them. Thats ok! Take one step. Get good at that. Take another. Get good at that. One of my uncles doesn't invest because "it does no good unless you have a lot of money". Whe the reality is most people with money didn't start that way and they saved $50 here. $1k on a refrigerator there. And did something with it. And knowing yourself is so important. You are your biggest blocker. Its not the government. Taxes. Your job or your boss. They are a part of it. But its you that have the greatest ability to affect you generally speaking.
Is it any wonder why one of our Founding Fathers, Benjamin Franklin, one of the first U.S. millionaires more than two hundred years ago, preached the benefits of frugality?
I am very similar to you re: the need to be obsessed to get things done or just falling off entirely... I haven't been diagnosed with any autism or whatever, but I am curious if you think it's a "normal" way to be or whether there's some other reason behind this nature?
I’m a coffee fiend who gets their coffee from Peet’s at $60 a month so I totally believe your $1000 estimate 😂 It’s a nice morning ritual to coil water and make coffee.
I relate so much to the doing it extreme or nothing part. I am like that with gym, learning new stuff, and now savings, even tho I've only been on my savings journey for little less than a year. I Know if I don't go all in and min max as much as possible I don't be able to stick with it. My goal is to each 100k USD within 01/01/2028, and I will do anything to make it happen. Motivating so see a simular mindset from someone that has made it happen already.
It will be relevant to you once you are able to save up, and reaching the point that you can now invest. It's one of the passive income (appreciates in value) you could consider. Only when you already reach the point of investing
Nice tips. I shower once a week to save on soap and water and brush my teeth daily to save on toothpaste. You are a bit extreme, my friend. This video is too much and not inspirational at all. The takeaway is instead of buying a new car I don’t need, how many years is it taking away from my financial freedom? I like that concept, but the rest… 💩
One of my favorite things to say to people when I see excess is " See all this stuff ... This all used to be money "
It's a sobering thought for most people.
Gabe, I'm from the Philippines. You're one of my inspirations. I am currently in debt from credit cards becoz I shoulder my dad's maintenance meds. So it's okay. I know that this is just for now and I can survive this. I'd sacrifice everything for my dad. With your vids, I stay focused on my goal too, to be free someday. Baby steps it is. I may not be there yet, but I'll do little steps now to get there. Don't stop making these vids. We need you! 😊
It all starts with mindset. Couldn’t agree more and love how that came in front of the other tips.
Agree!
I watch your videos every lunch break! I am a CPA and is currently employed. I started learning about financial literacy during the pandemic by reading Rich Dad Poor Dad as well. I am still learning. But you opened my desire to retire early, praying that would be after 3 years!
Preach Gabe 🔥
I love these frugal videos, I get so many tips to use
ppl really like to villainize work. If it's something you really like to do, and still make you money, how is that a bad thing? I have coworkers who truly enjoy doing what they do for their work, not thinking it's a chore. Spending time with family is not the only thing that makes one happy. Doing something that's like your hobby can also make you happy. I'm not saying everybody can make their dream come true, that their hobbies are also their job, but I'm kind of tired of ppl always saying work is a bad thing. Sometimes ppl think ahead of time in their life and turn their hobbies into their work and truly enjoy it
A 75% savings rate is effectively impossible in America. Savings rate = savings/gross income. After taxes 75% is about the most you can hope to still have total. So, after housing, insurance, food, transportation, utilities, etc... a 50% savings rate is about the best a high income frugal spender can strive for.
Btw, love your content, but setting attainable goals is important to actually achieving them.
Saving 75% of your income is very possible if all your decisions are intentional. All you have to do is detach your responsibilities like rent , transportation, food, etc from your pocket……….For example before I bought my house, I bought a 4 unit building that pays itself and pays the mortgage in my house, before I bought my car for 18k I took public transportation until I saved the 18k to buy the car. Instead of paying for utilities I bought solar panels and change everything in my house electric so the sun is the one paying for it. I learned this from grant cardone…. Technically everything you do financially before doing it ask yourself… who got my money? Who got that 75% saving rate that you need? And then go get it. Go and provide them a service or need in exchange for money. In my car example, the dealership, gas prices and insurance companies had my money so I saved all that money by taking public transportation which is free because of my job and then I was able to save for my car.I know it’s easier said that done, I took me 8 years of habits, frugal living and taking action to be able to save more that 75% of my yearly income Today…It’s all comes down to making more money, spending less money and investing more money, all 3 together. But it is very reachable with the right mindset, believe that you can and taking action.👍
Not true
Possible. You have to make sacrifices. Rent out rooms in your house, don't buy an expesnive car, purchase less things, don't eat out, increase your income, second job, find a partner with same values.
It's hard and you generally aren't living your best life but it's a sacrifice you need to makw
I would comment but I gotta be mysterious.
😂
Lol, that's me too!!
Let me tell you what nobody is going to tell you. Building wealth has never been a one person’s job especially if you are just starting. One of the best choices you can make for your life at this point is to be able to get someone who believes in your growth and will be willing to help you grow. Big thanks to Larysa Caba. I will always be grateful for everything you did.
I feel one Of the greatest challenges that we first timers face in the ma rket is that we end up losing all we have,making it difficult to find ourselves back to our feet. My biggest advice is to always seek the services of a professional just like I did when I ventured into it for the first time. Big thanks to Larysa Caba. I now make huge profits by weekly through her services while still learning to stand on my own.
I just looked up her name online. she is licensed with credible certificates and has an amazing track record. Thank you for the message.
I feel this is quite an easy one. You already have her name which makes it easy for you. Just look up her name online. I’m sure you will come across her. That’s how I found her too.
You can also find her on
T E L E
Gabe, I am sorry to say that I had a hard time listening to this video, all because of the annoying music that made me feel like I was constantly hit in the head while trying to concentrate on you words. I usually enjoy listening to your videos as they make me reflect on how to improve my own life. This time I hardly remember what you said.
Being creative to find ways to save … that’s a great mindset. I watch Gabe to help me stay motivated to keep moving toward my financial goals. Appreciate all the effort you put into these videos!
Glad I can be of help!
Aww so glad you got to experience that first class treatment!
What you highlight in this video i think is extremely important for people to hear. And that is layering what you've learned and learning about yourself.
Most of the time i hear people give up on managing their money. Its just "too much work". And this goes for any new skill. The people who go from zero to hero are incredibly rare. Your not one of them. Thats ok! Take one step. Get good at that. Take another. Get good at that. One of my uncles doesn't invest because "it does no good unless you have a lot of money". Whe the reality is most people with money didn't start that way and they saved $50 here. $1k on a refrigerator there. And did something with it.
And knowing yourself is so important. You are your biggest blocker. Its not the government. Taxes. Your job or your boss. They are a part of it. But its you that have the greatest ability to affect you generally speaking.
Unveiling Your Hidden Potential by Bruce Thornwood (thank me later)
I'm already subscribed, but asking definitely helps. 🙂 Love your videos! You are an inspiration!
GREAT JOB THANKS. SENDING TO ALL GRAND; CHILDREN
Is it any wonder why one of our Founding Fathers, Benjamin Franklin, one of the first U.S. millionaires more than two hundred years ago, preached the benefits of frugality?
I am very similar to you re: the need to be obsessed to get things done or just falling off entirely... I haven't been diagnosed with any autism or whatever, but I am curious if you think it's a "normal" way to be or whether there's some other reason behind this nature?
One good tip is learning, ‘delayed gratification’
I’m a coffee fiend who gets their coffee from Peet’s at $60 a month so I totally believe your $1000 estimate 😂
It’s a nice morning ritual to coil water and make coffee.
I relate so much to the doing it extreme or nothing part. I am like that with gym, learning new stuff, and now savings, even tho I've only been on my savings journey for little less than a year. I Know if I don't go all in and min max as much as possible I don't be able to stick with it. My goal is to each 100k USD within 01/01/2028, and I will do anything to make it happen. Motivating so see a simular mindset from someone that has made it happen already.
When you live with a woman good luck getting her to sign on to a cooler house in the cold weather.
I agree possibly the best you can do is conversations about efficient appliances and efficient use of the same.
Sponsor here is odd. Be frugal to speculate in art? It doesnt sit well
Getting a suitable sponsor for a video about being
frugal it's probably quite difficult....
It will be relevant to you once you are able to save up, and reaching the point that you can now invest. It's one of the passive income (appreciates in value) you could consider. Only when you already reach the point of investing
We aren't taught to work for ourselfves It's so much riskier to work for you than some giant company that will kick you to the curb, right?
Dang I’m old, I was really happy and excited to make $12 an hour lol.
❤❤❤
Spend money to save money? e.g. Solar and EVs
got rich by utube :D löl
Tomorrow is my Birthday 🎉 Give me a job😂😂😂or better yet a million in a card.
❤
Nice tips. I shower once a week to save on soap and water and brush my teeth daily to save on toothpaste. You are a bit extreme, my friend. This video is too much and not inspirational at all. The takeaway is instead of buying a new car I don’t need, how many years is it taking away from my financial freedom? I like that concept, but the rest… 💩
You seem like a pleasant human being.