BiggerPockets Money Podcast
BiggerPockets
For those who have money… or want more of it! Join Mindy Jensen and Scott Trench (from BiggerPockets.com) weekly for the BiggerPockets Money Podcast. Each week, financial experts Mindy and Scott interview unique and powerful thought leaders about how to earn more, keep more, spend smarter, and grow wealth.
Categories: Education
Listen to the last episode:
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 BiggerPockets Money Facebook Group Network with Other Investors on The Path to FIRE Through the BiggerPockets Forums Finance Review Guest Onboarding Join BiggerPockets for FREE Mindy on BiggerPockets Scott on BiggePockets Listen to All Your Favorite BiggerPockets Podcasts in One Place Apply to Be a Guest on The Money Show Podcast Talent Search! Find an Investor-Friendly Agent in Your Area Find Investor-Friendly Lenders Property Manager Finder 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 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com Learn more about your ad choices. Visit megaphone.fm/adchoices
Previous episodes
-
538 - 529: FI by 25: How to Buy Time and Freedom with a Few Years of Frugal Living Fri, 17 May 2024
-
537 - 528: The Small Business Owner’s Guide to Taxes, LLCs, Deductions, & Audit Risks Tue, 14 May 2024
-
536 - 527: Retired at 49 on an Average Salary after Getting a “Late Start” to FIRE Fri, 10 May 2024
-
535 - 526: Personal Finance for Beginners: Bank Accounts, Real Estate, and Retirement Tue, 07 May 2024
-
534 - 525: The Rational Investor’s Case Against Bitcoin Fri, 03 May 2024
-
533 - 524: Lessons From the Rich That Took Me from $0 to a $1,000,000+ Business Tue, 30 Apr 2024
-
532 - 523: Americans Say THIS Is How Much You Need to Retire (More Than You'd Think) Fri, 26 Apr 2024
-
531 - 522: How to Get PAID to Live in an Affordable City & Fast-Track Financial Freedom Tue, 23 Apr 2024
-
530 - 521: Full-Time FIRE and Traveling the World…All Thanks to Rentals! Fri, 19 Apr 2024
-
529 - 520: The BEST Side Hustles You Can Start in 2024 (Outside of Real Estate!) Tue, 16 Apr 2024
-
528 - 519: HSA vs. FSA and When to Drain Your Emergency Fund to Pay Off Debt Fri, 12 Apr 2024
-
527 - 518; Shrinkflation: How to Outsmart The Grocery Stores’ Rising Prices Tue, 09 Apr 2024
-
526 - 517: Everything You Need to Know Before You Buy a Business Fri, 05 Apr 2024
-
525 - 516: Jaspreet Singh: Getting Rich Slowly and Why Some People STAY Broke Tue, 02 Apr 2024
-
524 - 515: How I Paid Off $150K in Debt and the 5 Factors That Boost Your Credit Score Fri, 29 Mar 2024
-
523 - 514: How to “Travel Hack” Like a Pro and Get FREE Flights, Hotel Stays, and More! Tue, 26 Mar 2024
-
522 - 513: The “Red Flags” of Investment Fraud from a Former $3.8M Ponzi Scheme Manager Fri, 22 Mar 2024
-
521 - 512: Unemployment Inches Up, Inflation Returns, & Serious News for Student Loans Tue, 19 Mar 2024
-
520 - 511: Pay Your Rent and Level Up Your Home with THIS Creative Side Hustle Fri, 15 Mar 2024
-
519 - 510: Morgan Housel: Financial Lessons From History Anyone Can Use to Get Rich Tue, 12 Mar 2024
-
518 - 509: How to Build, Grow, Scale, and SELL Your Online Business Fri, 08 Mar 2024
-
517 - 508: Budgeting Tips for Families Living on ONE Income Tue, 05 Mar 2024
-
516 - 507: The Path to Early FI, Transferring 401(k) Funds, & Wiping Out Bad Car Debt Fri, 01 Mar 2024
-
515 - 506: How to Use Your Money "Archetype" to Address Your Biggest Financial Burdens Tue, 27 Feb 2024
-
514 - 505: Need a Financial Advisor? Start Here! Fri, 23 Feb 2024
-
513 - 504: Early Retirement at 36 by Doing What EVERY Entrepreneur Should Tue, 20 Feb 2024
-
512 - 503: How to Keep MORE of Your Inheritance From the IRS (Avoid These Tax Mistakes!) Fri, 16 Feb 2024
-
511 - 502: The Money Apps, Habits, and Productivity Hacks That Helped Us Find FI Tue, 13 Feb 2024
-
510 - 501: Finance Friday: When to STOP Investing and Start Saving Cash Instead Fri, 09 Feb 2024
-
509 - 500: FIRE Advice from Codie Sanchez, Ramit Sethi, Money with Katie, and More! Tue, 06 Feb 2024
-
508 - 499: How to Make Money as an Artist Fri, 02 Feb 2024
-
507 - 498: Paying Off $118K of Debt in 2 Years and Buying Real Estate (16 Units!) Tue, 30 Jan 2024
-
506 - 497: Persuasion Secrets and Predatory Practices Businesses Use on YOU Fri, 26 Jan 2024
-
505 - 496: 24 Money Tips for 2024: How to Save on Rent AND Travel for Free! Thu, 25 Jan 2024
-
504 - 495: The Digital Nomad’s Guide to High-Income Skills and Making Money Online Tue, 23 Jan 2024
-
503 - 494: How to Buy a House, Fund a Business, & Invest “Extra” Cash in 2024 Fri, 19 Jan 2024
-
502 - 493: 24 Money Tips for 2024: The BEST Ways to Invest Your Money THIS Year Thu, 18 Jan 2024
-
501 - 492: How Much Do You NEED to Retire? It’s Less Than You’d Think Tue, 16 Jan 2024
-
500 - 491: Why You DON’T Need a College Degree to Reach Financial Freedom Fri, 12 Jan 2024
-
499 - 490: 24 Money Tips for 2024: How to Slash Your Expenses and Save MORE This Year Thu, 11 Jan 2024
-
498 - 489: Humphrey Yang: How to Save $100K, Quit Your Job, and Build a Business Tue, 09 Jan 2024
-
497 - 488: How to Pay Off Credit Card Debt FAST ($30K+ in 1 Year!) Fri, 05 Jan 2024
-
496 - 487: 24 Money Tips for 2024: Credit Scores, Subscriptions, & Claiming FREE Money Thu, 04 Jan 2024
-
495 - 486: JL Collins: You Don’t Need to Be Rich to Reach Financial Independence Tue, 02 Jan 2024
-
494 - 485: How to Start Thinking, Acting, and Investing Like the Rich Fri, 29 Dec 2023
-
493 - 484: The Late Starter’s Guide to Financial Independence (Even in Your 50s!) | ENCORE EPISODE Tue, 26 Dec 2023
-
492 - 483: Lean FI in 6 Years, Fat FI in 10, and Quitting Your Job The FIRE Way Fri, 22 Dec 2023
-
491 - 482: How I Turned My Tiny Side Hustle into a Multi-Million Dollar Business Tue, 19 Dec 2023
-
490 - 481: Building a $1 Million Net Worth in Only 3 Years by Investing in Real Estate Fri, 15 Dec 2023
-
489 - 480: The Millionaire Fast-Track: How to Hit Financial Freedom Before 30 Wed, 13 Dec 2023