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.
I'm loving my retirement so far! My wife and I worked hard to reach this point - we're both retired, debt-free, and fortunate to have over $3 million in net worth. We achieved this through a saving and investing lifestyle in the stock market, which now generates passive income for us. And now, we get to enjoy the fruits of our labor! We're traveling, golfing, and spending quality time with the grandkids. We feel grateful to be living smart and frugal, making the most of our golden years.
Absolutely! I'm in the same boat. I just got back from a road trip across the country. It's amazing how much energy and freedom we have now. Make the most of it, because it won't last forever!
I'm a young dad and I'm really glad to hear your story - it inspires me! I'm still working, but I'm counting down the days until I can enjoy the Go Go Years. Can you please share your tips? What's the key to achieving this milestone and making the most of your retirement years? Any tips would be greatly appreciated!
Building a successful retirement requires discipline and strategy. Our journey's key takeaways include starting early, living below our means, diversifying investments, creating multiple income streams, planning for taxes, prioritizing relationships, and maintaining an active and healthy lifestyle. Additionally consult with a fiduciary advisor ,who can help grow your funds , Create a personalized plan and better prepare you for a successful retirement. we are with Glen Howard Chester a NY-based fiduciary. Check online if he meets your requirements.
Retired March 2024 at age 54 after working 34 years at the same company I Love retirement I do what I want every day I get out a walk daily and go out and about and No I’m not cleaning and cooking every day I just want to enjoy what I have worked so hard for I would advise anyone to retire I thought I would travel more but I haven’t wanted to as much as I thought I would my stress level is Gone my health is more important than any amount of money
I hit $3 million in my late 40’s and hope to reach a $5-6 million net worth by age 65. Most of my friends retired at age 50 with $5-10 million net worth. I am far behind my peers and am working harder than ever to catch up!
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's amazing how history keeps repeating itself, and the urgency to prepare is definitely real! Investing can be the best decision of your financial life. I started my journey in 2021, and it’s been the best choice I've made for my finances.
No matter how long you wait, opportunities will arise in the market. Invest for the long term, and avoid being too greedy or too fearful. Making informed decisions is crucial; relying on luck isn’t enough, so partnering with an advisor is essential.
Also remember that while these frugal habits can increase your savings, the truth remains that your savings can not make you wealthy. In other words, your savings would never be enough. The economy is designed that way. Invest your spare cash in profitable things. increase your sources of income guys.
motivational speakers always sound this way and make everything sound so easy... tried to invest in stocks months back, came out with way less... would have been better off saving or even lavishing my money...
I've been in your shoes and I'll tell you for sure that it's because you rushed into it. You must either understand the market or get the services of a fin. adviser for your "investment" to count as one. I made close to a hundred grand late last year only after some months of throwing my money in the wind. You should try again, good thing is you now know better. Goodluck!
@@EmersonFranklin65 This is also me ah. I have also considered using an FA but I don't know how to go about it. please, what are the steps for getting one? like a really good one.
You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.
So far, I'm enjoying my retirement! My spouse and I have worked hard to get to this position; we are both debt-free, retired, and lucky to have a net worth of more than $3 million. We accomplished this by leading a lifestyle of stock market investing and saving, which now brings in passive income for us. We may finally savour the results of our hard work! We're going on trips, playing golf, and hanging around with the grandchildren. We are appreciative of being able to maximise our elderly years while living wisely and economically.
Absolutely! I'm in the same boat. I just got back from a road trip across the country. It's amazing how much energy and freedom we have now. Make the most of it, because it won't last forever!
Building a successful retirement requires discipline and strategy. Our journey's key takeaways include starting early, living below our means, diversifying investments, creating multiple income streams, planning for taxes, prioritizing relationships, and maintaining an active and healthy lifestyle. Additionally consult with a fiduciary advisor ,who can help grow your funds , Create a personalized plan and better prepare you for a successful retirement. we are with 'Annette Christine Conte a NY-based fiduciary. Check online if he meets your requirements
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them., well at least my advisor does lol
Investors should be cautious About their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
@@Olsontim21 This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is 3 major cause, how do you go about this are you a pro investor?
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
“Annette Christine Conte” is the licensed fiduciary I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Freedom from work was always the goal for me. I made it happen with $300k in the bank. My work was physical and was going to cost me a lot if I had stayed past 47. I had pulled my lower back already, and had several ER trips straight from work. I learned to invest and the money doubled in few short years. I know the price of everything I buy and plan it out. Boss called and said that I can just sit at his business as I hold a necessary license, eat, drink beer, and call it a work. Amazing how things come together. It's like upward spiral.
Thank you for your 5th point. I've dedicated the last 12 months to cutting and saving as much as possible and I've done all I can, and with great success. Now it's time to "move past frugal" and deepen investment possibilities for 2025. I also recognize I have a defensive identity, and that needs my attention to shift. As always, thanks for your videos, Gabe!
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.
I have to add a vote to this comment. I had to pause the video in the "Going Too Far" chapter because the high pitched music was annoying me and I thought it must be coming from somewhere else.
Omg 😱 I never realized being obsessed with the habits is what kept me going and maintaining everything smoothly, now I have fall out of the wagon and is seems so complicated 😅
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
Completely agree. In order to accomplish something that seems overwhelmingly big, I have to focus and become (as Dave Ramsey puts it) "gazelle intense" and attack that debt as if my life depends on it. Worked for me in when paying off the house and car a couple years ago!
I'm 60 y/o dialysis LPN nurse for 33 years and I've always worked one job with no overtime... I've always value my time versus money.. I'm planning on retiring at 65 and getting off the hamster wheel and valuing my time even more!!!
Honestly our government has no idea how people are suffering these days. I much feel sorry for the disabled and homeless people who don't get the help they deserve, Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
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!
You have such a distinct video style you don’t need anything to be distinguishable, but can the apple crunch continue to live forever sporadically?🙏🏻🤣 It screams Gabe. You must’ve done this a time or two in other videos unless I’m going crazy lol
Excellente vidéo, mais le succès dépend des actions ou des mesures que vous prenez pour y parvenir. Construire de la richesse implique de développer de bonnes habitudes et de mettre régulièrement de l'argent de côté à intervalles réguliers pour des investissements solides. La gestion financière est un sujet crucial que la plupart ont tendance à éviter, et qui finit par les hanter dans un proche avenir.., Je prie pour que quiconque lit ceci réussisse dans la vie !!
Tu as raison !! Je gagne beaucoup d'argent sans compter sur le gouvernement, investir dans les actions et les monnaies numériques est bénéfique en ce moment.
La vie est plus facile lorsque l'argent continue d'apparaître, grâce aux services de Mme Florence. Heureux qu'elle obtienne la reconnaissance qu'elle mérite
@@KaricAhOUI !!! C'est exactement son nom (Florence), tant de gens l'ont fortement recommandée et je viens de commencer avec elle 😊 de Zurich, Suisse 🇨🇭
wow in comparison i know people work their butts off to obtain at least a small degree of wealth. this is just brilliant, with just ideas you have really made a huge fortune for your life and yourself. others have to work tirelessly getting degrees so they can show them off in their offices. that is not how you establish true wealth. it's these small things that manifest it
The last thing I will do is changing my food in order to spend less money. I value good food and I cook it myself. Sure, I won't buy the finest cuts of meat each day but I also won't deny them from myself once in a while.
By mostly cooking oneself instead of eating out, it usually is cheaper but depends on country. I personally also value nutrition quality so I buy and cook from scratch with great ingredients 😊🍖🥬
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
Hey Gabe, Could you make a video about the valuable skills, whiche helped you make more money? I'm working as a paramedic. I love the job (most of the time 😅), but there is only so much i can save and i've been thinking about starting a sidehustle to earn more money. I'm curentley looking for inspirations. Thank you! Btw, your videos are great 👍
Creating wealth entails establishing positive routines, I had only $28k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
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?
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.
U inspirie me.🎉 discipline is everything. I hope that we all will take active steps to achieve independence or semi independence from state and grid. It is possible.
Por mas de un año oh dos creo q veo tus videos, estaba escuchando tu video y dije : por q se le escucha diferente con esa voz 🤔 asta medio vídeo me di cuenta q esta en español 😅 gracias por traducirlo para la comunidad de habla español 🎉
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?
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.
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!
youtube really fcked up your video at the first few secounds.... i was about to dodge because somehow youtube decided to auto-enable some KI voice translation.... holyyyy
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
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.
You say unbalanced, I’d say you were HYPER balanced. Falling off the bandwagon is unbalanced. When you stay the course it’s because you’re not losing your balance, you’re staying perfectly balanced. It’s when you burn out that suggests you’re unbalanced.
Fucking oath brother , I’m on the same boat . I’ve been working 3 jobs for years and years , I got into a relationship and our goals didn’t match as she was a YOLO mindset while I want to build something. We broke up and now in matter of years I bought a house and have a deposit for a second house and still working multiple jobs while everyone lectures me to chill . I rather be single than spin my tries and go no where. What I learnt in life is everyone will criticise you when you’re on the way up / working too much / gym but when you have the results they say well done .probably why I don’t socialise we many people or have only 1 friend . Sorry for the rant
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.
Love it 😅
I'm loving my retirement so far! My wife and I worked hard to reach this point - we're both retired, debt-free, and fortunate to have over $3 million in net worth. We achieved this through a saving and investing lifestyle in the stock market, which now generates passive income for us. And now, we get to enjoy the fruits of our labor! We're traveling, golfing, and spending quality time with the grandkids. We feel grateful to be living smart and frugal, making the most of our golden years.
Absolutely! I'm in the same boat. I just got back from a road trip across the country. It's amazing how much energy and freedom we have now. Make the most of it, because it won't last forever!
I'm a young dad and I'm really glad to hear your story - it inspires me! I'm still working, but I'm counting down the days until I can enjoy the Go Go Years. Can you please share your tips? What's the key to achieving this milestone and making the most of your retirement years? Any tips would be greatly appreciated!
Building a successful retirement requires discipline and strategy. Our journey's key takeaways include starting early, living below our means, diversifying investments, creating multiple income streams, planning for taxes, prioritizing relationships, and maintaining an active and healthy lifestyle. Additionally consult with a fiduciary advisor ,who can help grow your funds , Create a personalized plan and better prepare you for a successful retirement. we are with Glen Howard Chester a NY-based fiduciary. Check online if he meets your requirements.
Retired March 2024 at age 54 after working 34 years at the same company I Love retirement I do what I want every day I get out a walk daily and go out and about and No I’m not cleaning and cooking every day I just want to enjoy what I have worked so hard for I would advise anyone to retire I thought I would travel more but I haven’t wanted to as much as I thought I would my stress level is Gone my health is more important than any amount of money
I hit $3 million in my late 40’s and hope to reach a $5-6 million net worth by age 65. Most of my friends retired at age 50 with $5-10 million net worth. I am far behind my peers and am working harder than ever to catch up!
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's amazing how history keeps repeating itself, and the urgency to prepare is definitely real! Investing can be the best decision of your financial life. I started my journey in 2021, and it’s been the best choice I've made for my finances.
What's the best way to begin, and how long until it starts yielding profits?
No matter how long you wait, opportunities will arise in the market. Invest for the long term, and avoid being too greedy or too fearful. Making informed decisions is crucial; relying on luck isn’t enough, so partnering with an advisor is essential.
I hope you don’t mind suggesting your advisor, as you mentioned before
Olivia Charlotte Oswald
She's an amazing professional I’ve had the pleasure of engaging with. You can look her up
Also remember that while these frugal habits can increase your savings, the truth remains that your savings can not make you wealthy. In other words, your savings would never be enough. The economy is designed that way. Invest your spare cash in profitable things. increase your sources of income guys.
motivational speakers always sound this way and make everything sound so easy... tried to invest in stocks months back, came out with way less... would have been better off saving or even lavishing my money...
I've been in your shoes and I'll tell you for sure that it's because you rushed into it. You must either understand the market or get the services of a fin. adviser for your "investment" to count as one. I made close to a hundred grand late last year only after some months of throwing my money in the wind. You should try again, good thing is you now know better. Goodluck!
@@EmersonFranklin65 This is also me ah. I have also considered using an FA but I don't know how to go about it. please, what are the steps for getting one? like a really good one.
You should start by looking out for those from known firms and good track records. You should also make sure the person is licensed. Personally, I use Kelly Matwick. She's good and you could also look her up.
small world. Met this lady at our country club weeks ago. Had to go to her page to confirm that i wasn't mistaken. really small world!
So far, I'm enjoying my retirement! My spouse and I have worked hard to get to this position; we are both debt-free, retired, and lucky to have a net worth of more than $3 million. We accomplished this by leading a lifestyle of stock market investing and saving, which now brings in passive income for us. We may finally savour the results of our hard work! We're going on trips, playing golf, and hanging around with the grandchildren. We are appreciative of being able to maximise our elderly years while living wisely and economically.
Absolutely! I'm in the same boat. I just got back from a road trip across the country. It's amazing how much energy and freedom we have now. Make the most of it, because it won't last forever!
Building a successful retirement requires discipline and strategy. Our journey's key takeaways include starting early, living below our means, diversifying investments, creating multiple income streams, planning for taxes, prioritizing relationships, and maintaining an active and healthy lifestyle. Additionally consult with a fiduciary advisor ,who can help grow your funds , Create a personalized plan and better prepare you for a successful retirement. we are with 'Annette Christine Conte a NY-based fiduciary. Check online if he meets your requirements
Would you be willing to provide information about the advisor who aided you? As a 39-year-old, I am eager to expand my stock portfolio
Annette Christine Conte is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Thank you for sharing, I must say, She appears to be quite knowledgeable. After coming across her web page, I went through her resume and it was quite impressive.
Making money is not the same as keeping it there is a reason why investments aren't well taught in schools, the examples you gave are well stationed, the market crisis gave me my first millions, people shy away from hard times, I embrace them., well at least my advisor does lol
Investors should be cautious About their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.
@@Olsontim21 This is superb! information, as a noob it gets quite difficult to handle all of this and staying informed is 3 major cause, how do you go about this are you a pro investor?
Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I’ve been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
“Annette Christine Conte” is the licensed fiduciary I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Freedom from work was always the goal for me. I made it happen with $300k in the bank. My work was physical and was going to cost me a lot if I had stayed past 47. I had pulled my lower back already, and had several ER trips straight from work.
I learned to invest and the money doubled in few short years. I know the price of everything I buy and plan it out. Boss called and said that I can just sit at his business as I hold a necessary license, eat, drink beer, and call it a work. Amazing how things come together. It's like upward spiral.
Starting early is the best way of getting ahead to build wealth, investing remains a priority.
the fact that nobody talks about the book called Hidden Manifestation by Oliver Mercer speaks volumes about how people are stuck in a trance
I love these frugal videos, I get so many tips to use
It all starts with mindset. Couldn’t agree more and love how that came in front of the other tips.
Agree!
I like the video quality/crisp clarity.
Thank you for your 5th point. I've dedicated the last 12 months to cutting and saving as much as possible and I've done all I can, and with great success. Now it's time to "move past frugal" and deepen investment possibilities for 2025. I also recognize I have a defensive identity, and that needs my attention to shift. As always, thanks for your videos, Gabe!
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.
I have to add a vote to this comment. I had to pause the video in the "Going Too Far" chapter because the high pitched music was annoying me and I thought it must be coming from somewhere else.
Omg 😱 I never realized being obsessed with the habits is what kept me going and maintaining everything smoothly, now I have fall out of the wagon and is seems so complicated 😅
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
Preach Gabe 🔥
Completely agree. In order to accomplish something that seems overwhelmingly big, I have to focus and become (as Dave Ramsey puts it) "gazelle intense" and attack that debt as if my life depends on it. Worked for me in when paying off the house and car a couple years ago!
I'm 60 y/o dialysis LPN nurse for 33 years and I've always worked one job with no overtime... I've always value my time versus money.. I'm planning on retiring at 65 and getting off the hamster wheel and valuing my time even more!!!
Honestly our government has no idea how people are suffering these days. I much feel sorry for the disabled and homeless people who don't get the help they deserve, Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
You are absolutely right 💯
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency/stock investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
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!
just the premise of 'not destroying' but 'creating' right? success
Thank you for all you went through on our behalf. we are learning from your experiences and appreciate it.
at the end of the day it's all about money. about having that stack of cash and saving it
I would comment but I gotta be mysterious.
😂
Lol, that's me too!!
😂
You have such a distinct video style you don’t need anything to be distinguishable, but can the apple crunch continue to live forever sporadically?🙏🏻🤣 It screams Gabe. You must’ve done this a time or two in other videos unless I’m going crazy lol
One good tip is learning, ‘delayed gratification’
Excellente vidéo, mais le succès dépend des actions ou des mesures que vous prenez pour y parvenir. Construire de la richesse implique de développer de bonnes habitudes et de mettre régulièrement de l'argent de côté à intervalles réguliers pour des investissements solides. La gestion financière est un sujet crucial que la plupart ont tendance à éviter, et qui finit par les hanter dans un proche avenir.., Je prie pour que quiconque lit ceci réussisse dans la vie !!
Tu as raison !! Je gagne beaucoup d'argent sans compter sur le gouvernement, investir dans les actions et les monnaies numériques est bénéfique en ce moment.
L'emploi paiera vos factures, les affaires vous rendront riche, mais l'investissement et la richesse à long terme, l'avenir arrive.
La vie est plus facile lorsque l'argent continue d'apparaître, grâce aux services de Mme Florence. Heureux qu'elle obtienne la reconnaissance qu'elle mérite
@@KaricAhWaouh ! Un peu sous le choc que vous ayez mentionné l'experte, Mme Florence Quelle coïncidence !
@@KaricAhOUI !!! C'est exactement son nom (Florence), tant de gens l'ont fortement recommandée et je viens de commencer avec elle 😊 de Zurich, Suisse 🇨🇭
wow in comparison i know people work their butts off to obtain at least a small degree of wealth. this is just brilliant, with just ideas you have really made a huge fortune for your life and yourself. others have to work tirelessly getting degrees so they can show them off in their offices. that is not how you establish true wealth. it's these small things that manifest it
I need to be obsessive too! Makes so much sense to me!
According to Naval Ravaikant put a value to your time, so investing your time in many things to save is a waste of productive time.
The last thing I will do is changing my food in order to spend less money. I value good food and I cook it myself. Sure, I won't buy the finest cuts of meat each day but I also won't deny them from myself once in a while.
By mostly cooking oneself instead of eating out, it usually is cheaper but depends on country. I personally also value nutrition quality so I buy and cook from scratch with great ingredients 😊🍖🥬
I'm already subscribed, but asking definitely helps. 🙂 Love your videos! You are an inspiration!
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
Cant speak for the US. But in EU living on one paycheck and up to 80% IS possible. IF you househack (helluva lot), or pay down your home first.
Aww so glad you got to experience that first class treatment!
Hey Gabe,
Could you make a video about the valuable skills, whiche helped you make more money?
I'm working as a paramedic. I love the job (most of the time 😅), but there is only so much i can save and i've been thinking about starting a sidehustle to earn more money. I'm curentley looking for inspirations.
Thank you!
Btw, your videos are great 👍
Creating wealth entails establishing positive routines, I had only $28k to my name at 42 when I first woke up to this reality. I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
Agreed, I've always delegated my excesses to an advisor, since suffering major portfolio loss early 2020, amid covid outbreak. I'm now semi-retired and only work 7.5 hours a week, with barely 25% short of my $1m retirement goal after subsequent investments to date.
I always multitasked at work. Getting free money by clocking in then producing comedy nights & managing investments all at the same time.
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?
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.
Thanks Gabe,
Heading to Lowe’s to see if they have a dented a water heater.
Another great video thanks so much for the content.
Nice Synthwave in the background
Thank you for this video! 😀🌸🌸
U inspirie me.🎉 discipline is everything. I hope that we all will take active steps to achieve independence or semi independence from state and grid. It is possible.
GREAT JOB THANKS. SENDING TO ALL GRAND; CHILDREN
I enjoyed the video but the music is distracting.
A big saver for me is doing alot of the car maintenance myself
👍I like your video, now most people earning a lot but not happy and always not enough, until the end is as good as nothing
Background music is a little overpowering
What is this background music? I have to know. 😊
There is a great thrift store in Derry, if you haven't been.
Por mas de un año oh dos creo q veo tus videos, estaba escuchando tu video y dije : por q se le escucha diferente con esa voz 🤔 asta medio vídeo me di cuenta q esta en español 😅 gracias por traducirlo para la comunidad de habla español 🎉
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?
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
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!
youtube really fcked up your video at the first few secounds.... i was about to dodge because somehow youtube decided to auto-enable some KI voice translation.... holyyyy
I’m still curious as to whether you bought the Tesla or not? 😊 has that goal changed? It happens, priorities change. Great vid as always.
Yes I did !
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.
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
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.
You say unbalanced, I’d say you were HYPER balanced. Falling off the bandwagon is unbalanced. When you stay the course it’s because you’re not losing your balance, you’re staying perfectly balanced. It’s when you burn out that suggests you’re unbalanced.
Fucking oath brother , I’m on the same boat . I’ve been working 3 jobs for years and years , I got into a relationship and our goals didn’t match as she was a YOLO mindset while I want to build something. We broke up and now in matter of years I bought a house and have a deposit for a second house and still working multiple jobs while everyone lectures me to chill . I rather be single than spin my tries and go no where.
What I learnt in life is everyone will criticise you when you’re on the way up / working too much / gym but when you have the results they say well done .probably why I don’t socialise we many people or have only 1 friend . Sorry for the rant
Next course ditch the 9-5 😊
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?
Hmm you have some acting skills too❤
Don’t cook food on tin foil 🤔🥰 see why 😮
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Thanks for the Hindi language.
I don't want to work my whole life 😭😭😭
This authomatic translation is very disturbing 😐
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.
It's the other way around in our house. I'm a woman and the window next to my side of the bed is always open
It depends. In my house, I'm the one turning down the thermostat.
Tomorrow is my Birthday 🎉 Give me a job😂😂😂or better yet a million in a card.
Spend money to save money? e.g. Solar and EVs
Dang I’m old, I was really happy and excited to make $12 an hour lol.
got rich by utube :D löl
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Work in a job you hate. That way you will say to yourself I earn $35 an hour. This will cost me 2 hours of work. You will spend less.
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and the most important tip: do not marry and do not have kids!
So you're a landlord with side hustles and a fun UA-cam hobby. I wonder how overpriced your units are
Obsessed?!?!
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.