Financial independence by the age of twenty-five?! Today’s guest started working and saving money at a very early age, which allowed him to buy the time and freedom to do the things he values most. Whether you’re twenty-five or fifty-five, applying some of these simple principles to your own life can propel you toward financial freedom!
Welcome back to the BiggerPockets Money podcast! Today, we’re chatting with Gabe Bult, a YouTuber, serial entrepreneur, and real estate investor who reached financial independence before his twenty-fifth birthday—all by subscribing to financial minimalism and frugal living. The only thing stopping him from retiring early? Sheer boredom! Instead, Gabe’s day typically involves precious time with his daughter, a few hours making YouTube videos, and an afternoon spent enjoying his favorite hobbies and interests.
YOU can have this life, too, but not without a little sacrifice, education, and discipline. Fortunately, it only takes a few years of ferocious frugality to get ahead, save for the future, and become “set for life.” And in this episode, Gabe will show you how to do just that! You’ll learn how to save your first $25,000 (and what to do with it), live for free with the house hacking strategy, and start a business that allows you to earn more and work less!
In This Episode We Cover
How Gabe reached financial independence by the age of twenty-five
“Financial minimalism” explained (and why it’s MUCH easier than you think!)
How a few years of frugal living can fast-track your journey to FI
Living for FREE with the house hacking investing strategy
Starting a business that allows you to earn more and work less
And So Much More!
Links from the Show
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BiggerPockets Money 468 - ‘Bar Rescue’ Host Jon Taffer on the “Secret Recipe” for a Successful Business
Connect with Gabe on BiggerPockets
00:00 Intro
01:34 What Is Financial Minimalism?
04:38 A Day in the Life with FI
07:30 Gabe’s Money Journey
13:06 The Art of Entrepreneurship
16:30 House Hacking 101
24:34 Education & EXTREME Discipline
35:41 Connect with Gabe!
36:01 Become a Financial Minimalist!
Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/money-529
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