How I Saved $100,000 By 25

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This is how i saved $100,000 by 25 making at or below the median income. Saving money is more important then every right now. about 7 years ago i asked how to save money so that i can use that money to buy freedom and leave my 9-5. And it turns out ya gotta be a bit weird but if you want different results you need different actions for me saving money came down to frugal living and delayed gratification for a few years to save alot and start investing.

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The 30 day rule! If you want something, write it down, if you still want it 30 days later, then I consider it worth buying. Most of the time, before the first week has passed, I’ve forgotten the desire to buy it, and even forget that I wanted that item😂

lucaseilbacher
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"Work more hours to earn more money to buy more expensive stuff, to impress people I don't even care about." 😅
I love this channel..

FrogeniusW.G.
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I was able to save a lot of money in 3 years. I landed a 3 year consulting gig paying over $100K a year. I reside in the mid-west where there is a lower cost of living. I lived with my Mother ( I paid her rent). During this time I also paid off my $15K student loans and $18K Jeep. Now I have zero debt, still making over $100K and able to focus on building wealth via investments, etc.

rochellerobinson
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I spent nothing. And my body failed me. Lost it all in hospital bills and recovering.

It's good to save up. So do the work. But you might not be rich even after all this. But it saves you if you truly need it

You don't control stuff like cancer. And it hits the old and the young. Stay safe. Stay healthy

guildardaze
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Great advice. I'm 63 and my parents taught me the same way of thinking. Though I screwed up a few times, I was still able to amass close to $2M net worth on a median income and just bought my retirement home with cash. Just keep in mind that it's just stuff.

ellajones
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One thing I often do when I’m shopping is to look closely at my shopping cart right before I checkout because I’ve learned that while I shop I do tend to put a few impulse purchases in the cart or just things I don’t need. I also try to go minimal on food especially fresh vegetables and fruit. It’s so easy to buy a a lot of healthy fresh food with the intent of eating healthy but then you can’t get to it all in time and it goes bad and gets wasted. Another thing I’ve done that helps a lot is to chop up and freeze either raw produce or I will cook it first just to avoid it going bad in the fridge. I freeze it while it’s fresh and I get to use it later. I also will freeze leftovers rather than leave them in the fridge as I will get tired of eating the same meal over and over but if I save a few portions for later o will enjoy it more and avoid the possibility of it going bad in the fridge. Basically just trying to avoid food waste saves money. Love your videos

karenmendes
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I recently found your page and I love your content man. Keep it up . Your inspiring me to take action and get myself some assets. I’m 22 and I’ve been living in my car for a year. Both my parents passed away and I’m on a mission to have a better life . I’ve been minimalist for a while now. Just barley starting my journey to save 100k by 25 ! Thank you man I look forward to your next video

EZTravels
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That is so true about the timing of dopamine. Adding to cart is the best part :). All I've done lately is just add to cart. No buying. It works!

slhilliard
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Always look forward to your videos you keep me on track .Love seeing you guys in your natural habitat! Being a minimalist helps and also fighting my instinct to be cheap for survival but sticking with quality as its always worth it in the end.

bluemermaid
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Thanks for this video.. made me realise I have been following 95% of your tips here and I am living a minimalist lifestyle.. thank you for the other useful financial tips!👍🏼

preethiprabhuram
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Thank you Gabe, I really enjoy your channel. One thing I do is stick to a budget when I'm grocery shopping. If my budget is $60 and my total is $65 I will put something back, because often it was an impulse purchase anyway and I didn't need it :)

_sunnycute_
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Ah Gabe, I love your content. I'm in the England and people are all complaining about not being able to afford things, but i'm not. I'm a part-time, self employed gardener and a single parent and I still have money that is saved because I live by these exact rules. The only thing I would add is, don't listen to others. People who are coming into my home for the first time always say, you don't want to do it like this you want to do it like that. I love how I live and they're all in debt, so why would I listen to them. Now I've just got to find me a side hussle. Looking forward to another great video.

jackieconrad
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Thank you for this video. You give practical and realistic tips that the majority can do. I have learned a lot. Keep posting!

erikaarevalo
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Thanks for proving that formal education is not the be all and end all in life. I really don’t like others shoving the idea that college is everything.

ReubenDomingo
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I did the same thing, so it is fun to see your perspective. My journey to $100K was brutal, especially the first $50K. Thanks for sharing

running_realestate
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I can tell how much work you put into this single video. Great video. Love your vibe

jessicawarn
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First, Gratitude for whatever I do have. Second, and it may sound a little weird, but Give. I regard the first 10% of what I earn as “not my money, ” and I give it away. These two things help loosen my grip on the money and reduce the anxiety and self-centeredness that can happen while trying to reduce spending and save. It keeps me mindful of the fact that I’m not the only person on the planet, there are people a lot worse off than I am, and no matter what my circumstances, I can always do something — no matter how small — to help someone else. Been doing the 10% Not My Money thing for years and have lacked nothing I really needed.

ellendunn
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It's never too late to start! Excellent content in ALL of your videos. I recently found you on YouTube. Keep up the great work!

dmbta
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Despite the difficult market conditions so far this year, retirement is a common investment goal. In order to beat the recession, it is advisable to allocate money in your budget for investments that will be stable enough to see you through the upcoming year as well as how much should be invested for retirement.

jamesowen
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I really feel proud at what you and your wife had done economically. Your frugality reminds me of my oldest son. These things that you have done is the remedy to the money problem. If people did this they would have a better life.

bessieoriotis