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

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 RUclipsr, 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 RUclips 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:
link.chtbl.com/Money
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Books Mentioned in This Episode:
“Set for Life”: store.biggerpockets.com/produ...
“Rich Dad Poor Dad”: store.biggerpockets.com/produ...
“The One Thing”: store.biggerpockets.com/produ...
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BiggerPockets Money 468 - ‘Bar Rescue’ Host Jon Taffer on the “Secret Recipe” for a Successful Business: www.biggerpockets.com/blog/mo...
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Connect with Gabe on BiggerPockets: www.biggerpockets.com/users/g...
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Mindy: www.biggerpockets.com/users/m...
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!

[@GabeBult]

Lets goo! so thankful you guys had me on! I have been listening to this show for years as I was grinding, and it's so cool to have this great conversation!

[@lilibethvilella]

I’m always sharing your videos with my 22 year old ❤️🙋🏻‍♀️

[@lbslott]

Thanks for sharing your story! I’m trying to teach my homeschool kiddos all these things! So many great insights all in one episode. Great job Gabe!

[@FinancialFreedomLifestyle]

Love Gabe's Content! Been following him for years now.

[@Kittenmom2]

I’ve followed Gabe for a long time he’s extremely frugal but it actually really works

[@TheahLil]

Scott and Gabe are twin souls

[@MmM20978]

Gabe Bult is Amazing!

[@zachschaneberger]

I have noticed the same thing with reading and podcasts; if I stop staying on top of things, it tends to have a snowball effect.

[@Ali_Presler]

Followed Gabe for years! Loved this convo 🎉

[@emilioossa163]

Wait he is 28!?!? Why am I looking 23 😮 I am 28 too! Happy for him on all the achievements.

[@lilibethvilella]

Wow! 3 of my fav RUclipsrs TOGETHER ❤🎉

[@GabeBult]

lets go!

[@allisongraf5299]

Huge Gabe Bult fan. So happy to see this.

[@MmM20978]

Me too! I used to work for him and he's the same at work as here

[@MoneyHabits1]

Love Gabe! Great interview!

[@aprilvancleve9463]

Ouuu that part got me- if you're not going to stick to it for three years, don't do it.

[@starlinastewart7729]

Love Gabe❤️ been following him for awhile.

[@jamesof7seven]

Well yeah it wouldn't be cheap because cheap is like living in a prison yard. Also, where did we learn rehab skills? What is house hacking? Where did we learn the steps for starting a business? Being a landlord seems people intense...

[@Tpres1420]

good stuff here from gabe!

[@GabeBult]

thanks!

[@lbslott]

So many good nuggets in this episode!

[@aug07broken]

So excited!!! Absolutely love Gabe!!! He is awesome!!

[@GabeBult]

🙏

[@aug07broken]

Bromance blossoming!

[@JaniceHylton]

I'm glad he said college was not an option, BECAUSE he cheated through school.
In his channel, he made it sounded like NO ONE should go to college, which turned me off from his channel.
Also, when your parents are poor and did not plan ahead for your college, of course, college would NOT be an option.

[@amycolucci6769]

Love his youtube and yours! I’m not a real estate investor so I love that you have millionaires and people that are financially free without real estate investing on here

[@RosarioBillingsley]

How old is Gabe now?

[@theofficialblackdirectory]

Including, including, including

[@theofficialblackdirectory]

It seems like getting a lot of money fast comes with gray hair before 30.

[@aug07broken]

He started going gray in his teens. It was the same for my brother in law’s family. They all went gray very young! It’s a thing😊, crazy huh?

[@theofficialblackdirectory]

@@aug07broken When I was in elementary school, there was a student who had several gray strands of hair.

[@aug07broken]

Wow! That’s young! Men look very handsome with gray hair!

[@kristakranko]

We get it, he doesn’t like people. 🤦🏼‍♀️

[@holdencawffle626]

Mindy talks too much

[@Esther-uo7fs]

I love how much Mindy talks!

[@silverplug]

She only said two sentences throughout this video. She's definitely not talking too much. You on the other hand...

[@financialfreedom1991]

Mindy is so perky for me which i wish i can do too. She is not boring🎉🎉