I reached FF in mid 40s, but only 5 years after hearing about it and realizing that it can be done. Now I'm doing it for my kids. They don't know it and are busy going to school/choosing major. They have the energy and drive, but I'm hoping to have enough when they discover that working for someone else is not really what they want to do. Happened to me.
Dave Ramsey's sweet spot is helping people get out of debt. His advice is perfect for people who are drowning in debt and bad habits. Beyond that phase of getting out of debt, personality, preference, and inclination should be taken into consideration for where and how to go next.
I agree. And if those people invested like Ramsey suggests, they’ll still be doing better than 95% of their piers in retirement. But think The Money Guy are better for someone just coming out of Ramsey’s sweet spot
That last bit about the 1 hour learning to 3 hours of doing ratio was something I hadn't come across before. I really like it. I'm going to be implementing it immediately.
Gabe, agree with you on your thoughts on Dave Ramsey. However, his advice is perfect for the 90% of people who aren’t looking to get wealthy as fast as possible. His aim is spot on for most people, struggling with debt, who aren’t going to be trying to an achieve FIRE very early on in their life. Just hardworking people, with a lot on their plate and need simplicity. On the flip side, I do believe that Dave would agree with you on almost everything you talk about in your money videos. Frugality, saving, and finding your passion in work are keys to getting out of debt and becoming wealthy. Thanks for the content. Keep grinding.
Thanks Gabe - needed this today. Im a 100% a one man band. I have a Mobile Pizza business in the UK. Im a sports masseur (on occasion) and Im building a new business - coaching/productivity etc, which includes an actual new Brand. Thats due to start next month. I watch many of your videos and a lot DO help. You're more relatable to and down to earth than most of the other other 'up their own A77'' folk on here. Cheers...I needed a kick up my OWN butt today! Well done for the hard work and progress you've made!
Really good video, watched a few times to soak up these gems. I appreciated the reminder to be patient and keep at primary goal for 5ish years and know that I will accomplish a lot by that time. Also good reminder that focus and concentration leads to success (utilizing the one thing and 80/20 principle), that’s how 10x my income (current career) with 5-10 years of intense focus and will do it again with my second endeavor (personal finance education on RUclips; good people in this niche ; )
Great video Gabe! I’m happy to see you succeed with a practicable approach. So many think ‘every day people’ can’t make this stuff work. You’ve inspired me to make a lot of changes over the years, and let me tell you, it doesn’t get more average Joe than me. I am THEE JAG and I’m here to tell people that ANYONE can implement what you teach.
Dave Ramsey never limits you in your pursuits. What he says is get out of debt, stay debt free, invest at least 15% and by the way you can do it along the way building your own business.
Awesome video Gabe! I registered to join the workshop, I’m excited to continue learning. I left my job one week ago. I’m 24 years old and my husband and I just bought our first duplex. We’re house hacking!! The 9 to 5 is not for me, I’m a bit more entrepreneurial minded. I’m using this time off of working a job to read a ton of books and understand which type of business I’d like to try to grow.
I love the idea of the 3/1 rule. I do read a ton as well and I don't do nearly enough of what I have learned. We have the same idea about Dave Ramsey, lol.
This was awesome, thanks Gabe. Such a good reminder to act on what I’m reading and not get caught in the trap of just consuming information. Execution is where it’s at. 👍
You might’ve answered this is another video so apologies but what are the best financial books/podcasts you’ve found that you would recommend somebody trying to get more into financial independence and improve their overall financial literacy? Love your videos and thanks for all the great content!
A good hint for those who want to import . Go to trade shows in USA . Ask wholesalers what their best sellers are to get feel for market . The BIG show is in Hong Kong and CANTON TRADE SHOW about a 45 min train ride from HK. It’s huge wholesale show where you can find the manufacturers of any product you wish to sell . Look to sell in growth markets or those cities everone moving to
Hi Gabe, you have been instrumental in my life changes for money & living ideas. wonder what you have to say about how much insurance is really important to carry and how to think about this aspect of a life. my budget is fairly reasonable, but insurance is a big part of it. and I think another consideration is how to think about this issue at what age level.
Curious, where did you purchase your first property? Do you get something in a place where you live or somewhere you haven't been before relying on a realtor?
Nice video, business is great but it takes huge capital to excel in business, I knew I didn't have enough capital to start the type of business I wanted so I had to push myself into stock and cryptocurrency trading now I have 2 businesses that are doing well
Learning anything in life requires good mentorship to be successful, just find a mentor or trader who can guide you through the basics while you learn and earn
Hi Gabe, found your channel by chance and started following you! I clicked on the workshop link and it takes me to a broken zoom link. Can you look into this please?
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
I work with Carol Vivian Constable as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Is there a recorded version of the workshop you are doing? Its at 3am my time on a sunday night. And with how physically demanding my day job is i cant afford to not get enough sleep. Its to dangerous and will put my life and my workmates lives at risk. Also potentially the lives of the public depending what jobs i have on monday
This might sound like a crazy question....but do you have to sign up to listen to podcast??? Or is it on a radio station???? I am so behind time but I am trying to keep up.
Jealous of how real estate can generate good income in the US. In the UK, being a landlord does not have the same upside and there's huge tax decentivisation so that second income part is a bit difficult. Maxing out investment isas means the road is a little longer before you have enough to retire early.
You can’t. People like Gabe make it seem like everyone can do it but you have to be in the right time, at the right place and with the right tools. It’s not like just changing your mindset will give you a couple of houses that you can rent out. Or a stock portfolio with enough dividend to live of.
Totally agree on the action over learning tip-no point in waiting! I’ve been testing different strategies, like getting into crypto for retirement with My Digital Money. It’s super easy to set up and a cool way to plan for the future. Anyone else exploring crypto as part of their financial freedom journey?
The economy would heal and be robust if the government would get out of the way of small business owners and stop penalizing them and taxing them to the point of ruining them.
To be fair, there are tens of thousands of RUclipsrs who are trying to be successful, they work hard, they are creative. But they missed the boat or simply got unlucky. You on the other hand were very lucky, and your work did actually pay off. Good for you. But, I am convinced to be really successful also means to be super lucky.
I've watched his channel grow for quite a while now. He wan't lucky. He was intentional and reflective; he monitored and adjusted. He payed attention to what worked and didn't work. He payed attention to those who were successful. Be built up targeted skills. Blaming his success and your lack of it on "luck" is precisely why you haven't succeeded.
It is so anoying hearing all youtube financial educators say "I was able to create a multiple six figure business ". No, bro!! You made a freakin youtube channel. RUclips pays ridiculous amount of money to the creators and with that money you bought some rentals.. (again, not an actual business per se).. Try again, start with zero and build for example a factory and employ 100 people. Only than you can brag about "building a business".
Actually, I bought the rentals and reached financial independence before having a RUclips channel. That was profitable. And RUclips is absolutely a business. I have employees I have expenses for the first multiple years. It’s also very repeatable I know people who have multiple channels, including myself that are all profitable because of the business model. I’ve been doing RUclips for like six years now I think if most people start a business and obsess about it and work thousands of hours on it for like six years, they can make money
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth......
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
I reached FF in mid 40s, but only 5 years after hearing about it and realizing that it can be done. Now I'm doing it for my kids. They don't know it and are busy going to school/choosing major. They have the energy and drive, but I'm hoping to have enough when they discover that working for someone else is not really what they want to do. Happened to me.
I am convinced educating people about this is your life’s purpose
Dave Ramsey's sweet spot is helping people get out of debt. His advice is perfect for people who are drowning in debt and bad habits. Beyond that phase of getting out of debt, personality, preference, and inclination should be taken into consideration for where and how to go next.
I agree. And if those people invested like Ramsey suggests, they’ll still be doing better than 95% of their piers in retirement. But think The Money Guy are better for someone just coming out of Ramsey’s sweet spot
So basically 99% of Americans
Dave Ramsey saved my financial life. Debt free is the best.
That last bit about the 1 hour learning to 3 hours of doing ratio was something I hadn't come across before. I really like it. I'm going to be implementing it immediately.
It’s a game changer
I honestly think this is your best video yet! Authentic, helpful insights and advice. Thanks Gabe.
Gabe, agree with you on your thoughts on Dave Ramsey. However, his advice is perfect for the 90% of people who aren’t looking to get wealthy as fast as possible. His aim is spot on for most people, struggling with debt, who aren’t going to be trying to an achieve FIRE very early on in their life. Just hardworking people, with a lot on their plate and need simplicity.
On the flip side, I do believe that Dave would agree with you on almost everything you talk about in your money videos. Frugality, saving, and finding your passion in work are keys to getting out of debt and becoming wealthy.
Thanks for the content. Keep grinding.
I love that you say that this is your advice but to do what works for you. Many other financial gurus demand “do as I do”.
You inspire a 65 year old man! I am still useful and enjoying life helping others.
That is awesome!
Thanks Gabe - needed this today. Im a 100% a one man band. I have a Mobile Pizza business in the UK. Im a sports masseur (on occasion) and Im building a new business - coaching/productivity etc, which includes an actual new Brand. Thats due to start next month. I watch many of your videos and a lot DO help. You're more relatable to and down to earth than most of the other other 'up their own A77'' folk on here. Cheers...I needed a kick up my OWN butt today! Well done for the hard work and progress you've made!
Really good video, watched a few times to soak up these gems. I appreciated the reminder to be patient and keep at primary goal for 5ish years and know that I will accomplish a lot by that time. Also good reminder that focus and concentration leads to success (utilizing the one thing and 80/20 principle), that’s how 10x my income (current career) with 5-10 years of intense focus and will do it again with my second endeavor (personal finance education on RUclips; good people in this niche ; )
Great video Gabe! I’m happy to see you succeed with a practicable approach. So many think ‘every day people’ can’t make this stuff work. You’ve inspired me to make a lot of changes over the years, and let me tell you, it doesn’t get more average Joe than me. I am THEE JAG and I’m here to tell people that ANYONE can implement what you teach.
Dave Ramsey never limits you in your pursuits. What he says is get out of debt, stay debt free, invest at least 15% and by the way you can do it along the way building your own business.
Good point!
Awesome video Gabe! I registered to join the workshop, I’m excited to continue learning. I left my job one week ago. I’m 24 years old and my husband and I just bought our first duplex. We’re house hacking!! The 9 to 5 is not for me, I’m a bit more entrepreneurial minded. I’m using this time off of working a job to read a ton of books and understand which type of business I’d like to try to grow.
I love the idea of the 3/1 rule. I do read a ton as well and I don't do nearly enough of what I have learned. We have the same idea about Dave Ramsey, lol.
Thank you again for your content Gabe! Your videos are awesome, keep going
Thanks! Will do!
My goals are around the same vicinity. I watch these videos and I'm like " yep" , confirmed!
This was awesome, thanks Gabe. Such a good reminder to act on what I’m reading and not get caught in the trap of just consuming information. Execution is where it’s at. 👍
Was amazing running into you at VidSummit bro. Wish we could of had more time to chat... another time though!
It was great meeting you in person man! We’ll have to connect soon I’ve learned a ton from watching your stuff
Brilliant as always 💚 always look forward to seeing your videos. Being deliberate with your obsession. Man! You don't age lol
He’s got some good genes. 😂
I love how your videos are so authentic
You might’ve answered this is another video so apologies but what are the best financial books/podcasts you’ve found that you would recommend somebody trying to get more into financial independence and improve their overall financial literacy? Love your videos and thanks for all the great content!
Obsessed
Oh dear!
8:20 - 9:55 is absolute gold
A good hint for those who want to import . Go to trade shows in USA . Ask wholesalers what their best sellers are to get feel for market . The BIG show is in Hong Kong and CANTON TRADE SHOW about a 45 min train ride from HK. It’s huge wholesale show where you can find the manufacturers of any product you wish to sell .
Look to sell in growth markets or those cities everone moving to
A video on your takeaways from the book Think and Grow Rich would be sooo good!
You're an amazing young man, Gabe.
Gabe, enjoy your content. Thanks.
I appreciate that!
Great information and inspiration!
Glad you enjoyed it!
Ramsey is great for beginners. You are great for thinking outside the box.
Hi Gabe, you have been instrumental in my life changes for money & living ideas. wonder what you have to say about how much insurance is really important to carry and how to think about this aspect of a life. my budget is fairly reasonable, but insurance is a big part of it. and I think another consideration is how to think about this issue at what age level.
Very helpful insight. Thank you.
Curious, where did you purchase your first property? Do you get something in a place where you live or somewhere you haven't been before relying on a realtor?
Great video
Thanks 🙏
You are awesome Gabe!
Congrats on living the life you desired :-)
Hello, what's the wall color in your kitchen called?
I like your videos!
Thanks 🙏
I started my channel during Covid and monetised but could be consistent after and got demonetised recently ..worst thing that happened ..
Nice video, business is great but it takes huge capital to excel in business, I knew I didn't have enough capital to start the type of business I wanted so I had to push myself into stock and cryptocurrency trading now I have 2 businesses that are doing well
Everything you said is the truth, i am interested in trading but its just hard to understand and i keep losing money
I would like to invest in trading and also learn but the problem is knowing where to start but since you know the subject what do you propose?
Learning anything in life requires good mentorship to be successful, just find a mentor or trader who can guide you through the basics while you learn and earn
Can you suggest me one, maybe the one that helped you
Join Louis on
Great video! Thank you Gabe ❤
You are looking young and cute.
BTW Great video Sir.
Great Video, keep going. 😊
Hi Gabe, found your channel by chance and started following you! I clicked on the workshop link and it takes me to a broken zoom link. Can you look into this please?
Sorry about that here it is bit.ly/3XEWBLs
The U.S. economy can actually get better if only the govt can start making better decisions for the sake of it's citizens, cos' they've really made life more difficult for its residents. Hyperinflation has left the less haves bearing the brunt of the burden. Its already eating into my entire $620k retirement portfolio. Like where else can we invest our money with less risks?
Just get a financial planner straight up! personally, I would invest in etf and also love investing in individual stocks. yes it’s riskier but I'm comfortable in my financial environment.
I agree. Exactly why I now work with one. A lot of folks downplay the role of advisors until being burnt by their emotions, no offense. I remember some years back, during the covid-outbreak, I needed a good boost to stay afloat, hence researched for advisors and thankfully came across one with grit. As of today, my cash reserve has yielded from $350k to nearly $1m
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
I work with Carol Vivian Constable as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
Is there a recorded version of the workshop you are doing? Its at 3am my time on a sunday night. And with how physically demanding my day job is i cant afford to not get enough sleep. Its to dangerous and will put my life and my workmates lives at risk. Also potentially the lives of the public depending what jobs i have on monday
This might sound like a crazy question....but do you have to sign up to listen to podcast??? Or is it on a radio station???? I am so behind time but I am trying to keep up.
It’s free just goggle the name of the one you want
Jealous of how real estate can generate good income in the US. In the UK, being a landlord does not have the same upside and there's huge tax decentivisation so that second income part is a bit difficult. Maxing out investment isas means the road is a little longer before you have enough to retire early.
How can you build wealth buying real estate here in California. It’s so expensive to buy a home
You can’t. People like Gabe make it seem like everyone can do it but you have to be in the right time, at the right place and with the right tools. It’s not like just changing your mindset will give you a couple of houses that you can rent out. Or a stock portfolio with enough dividend to live of.
Great 🎉
have you done videos on getting on the same page with your partner?
Totally agree on the action over learning tip-no point in waiting! I’ve been testing different strategies, like getting into crypto for retirement with My Digital Money. It’s super easy to set up and a cool way to plan for the future. Anyone else exploring crypto as part of their financial freedom journey?
Im 24 now I wanna leave my job by 27 and be financially free
The economy would heal and be robust if the government would get out of the way of small business owners and stop penalizing them and taxing them to the point of ruining them.
To be fair, there are tens of thousands of RUclipsrs who are trying to be successful, they work hard, they are creative. But they missed the boat or simply got unlucky. You on the other hand were very lucky, and your work did actually pay off. Good for you. But, I am convinced to be really successful also means to be super lucky.
Or maybe he understood the algorithm better
That’s a sad view, imagine thinking you can’t get somewhere without luck
I've watched his channel grow for quite a while now. He wan't lucky. He was intentional and reflective; he monitored and adjusted. He payed attention to what worked and didn't work. He payed attention to those who were successful. Be built up targeted skills. Blaming his success and your lack of it on "luck" is precisely why you haven't succeeded.
excuses
@@CaseyTheCopyCat it's the reality. I got lucky too... my friends call it hard work. They are wrong.
The 1:3 ratio on learning vs. doing hit for me! I love learning but the doing not so much.
I do like Dave Ramsey.😂 But really like your content, it’s very simple and positive. Thank you for being consistent. 😊
Do you need a video translator to reach wider demographics?
❤❤❤
I’m a little mentally off an I’m okay with that.
Where did you get that awesome blue ceramic coffee mug?
Left your day job…so, what did you do for health insurance? Tell the whole story!!!
Can You Give Me Aadvice For Consistency? Regular Viewer
❤ You Are my Role Model as a Minimilist❤
DCA BTC.
👍
...
.
It is so anoying hearing all youtube financial educators say "I was able to create a multiple six figure business ". No, bro!! You made a freakin youtube channel. RUclips pays ridiculous amount of money to the creators and with that money you bought some rentals.. (again, not an actual business per se).. Try again, start with zero and build for example a factory and employ 100 people. Only than you can brag about "building a business".
Actually, I bought the rentals and reached financial independence before having a RUclips channel. That was profitable.
And RUclips is absolutely a business. I have employees I have expenses for the first multiple years.
It’s also very repeatable I know people who have multiple channels, including myself that are all profitable because of the business model.
I’ve been doing RUclips for like six years now I think if most people start a business and obsess about it and work thousands of hours on it for like six years, they can make money
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth......
Many new tra-ders struggle without proper guidance. I found success through James Clark's expertise.
@@CierraMetzgaexactly that's why I always seek Mr J Clark's guidance in all I do 😊
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
I hope that your YT videos aren't responsible for the grey hair over the past 5 years 😆
Ew why be vulgar?
Thanks for the insightful video 😊
Will remind myself about the 3/1 rule 💡
We really appreciate you ending up on RUclips 🥸
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
You inspire a 65 year old man! I am still useful and enjoying life helping others.