FI by 25 Thanks to “Financial Minimalism” w/Gabe Bult [Video]

Episode #529

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 (@GabeBult ) 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!

Show Notes at:
https://link.chtbl.com/Money
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Books Mentioned in This Episode:
“Set for Life”: https://store.biggerpockets.com/products/set-for-life-revised-edition?utm_source=owned_media
“Rich Dad Poor Dad”: https://store.biggerpockets.com/products/rich-dad-poor-dad?utm_source=youtube&utm_medium=description&utm_campaign=none
“The One Thing”: https://store.biggerpockets.com/products/the-one-thing?utm_source=youtube&utm_medium=description&utm_campaign=none
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BiggerPockets Money 468 – ‘Bar Rescue’ Host Jon Taffer on the “Secret Recipe” for a Successful Business: https://www.biggerpockets.com/blog/money-468?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Gabe on BiggerPockets: https://www.biggerpockets.com/users/gabeb10?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Scott and Mindy on BiggerPockets:
Scott: https://www.biggerpockets.com/users/scotttrench?utm_source=youtube&utm_medium=description&utm_campaign=none
Mindy: https://www.biggerpockets.com/users/mindyjensen?utm_source=youtube&utm_medium=description&utm_campaign=none

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!