What is your side hustle?

@luker1431

Жыл бұрын

A good paying job that also has the opportunity to work extra and get 50% more pay (which I do).

@GabeBult

Жыл бұрын

🔥

@nazarenikey

Жыл бұрын

I have a KZread channel about personal finances as well) But in the Russian language. Love your videos) Cool editing and cinematography skills. You did a great job of getting to the finance independence! And you make me feel that I am on the right path.

@thecatniplife

Жыл бұрын

Bookkeeping and niche blogging about cats.

@MadelineBudgets

Жыл бұрын

I live in Romania, I started my budgeting channel last year and I also have an Etsy shop.

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

@JacquelinePerrira

3 күн бұрын

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

@Jamessmith-12

3 күн бұрын

That's awesome! Investing in stocks with a reliable trading system can lead to great outcomes. It's fantastic that you've been working with a financial advisor for a year now. Starting with less than $200K and being just $19,000 away from making half a million in profit is impressive! Keep up the good work!

@kevinmarten

3 күн бұрын

Mind if I ask you to recommend this particular coach you using their service?

@Jamessmith-12

3 күн бұрын

Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..

@kevinmarten

3 күн бұрын

She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.

It's recommended to save at least 20% of your income in a 401k. You can use online calculators to estimate how much you should save based on your age and income. Saving at least 20% of your income in a 401(k) can help ensure that you have enough money to retire comfortably. By saving this much, you can take advantage of compound interest and potentially grow your retirement savings over time.

@lolitashaniel2342

24 күн бұрын

Consider buying stocks when the economy is not doing well, like during a recession. It could be a chance to buy them at a lower price and sell later when prices go up. Just keep in mind, this isn't financial advice, but sometimes it's better than keeping a lot of cash.

@VictorBiggerstaff

24 күн бұрын

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

@crystalcassandra5597

24 күн бұрын

Mind if I ask you to recommend this particular coach you using their service?

@VictorBiggerstaff

18 күн бұрын

Her name is “Sonya lee Mitchell” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@crystalcassandra5597

18 күн бұрын

I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.

I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.

@joshbarney114

9 ай бұрын

Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.

@rogerwheelers4322

9 ай бұрын

It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $875k by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.

@FabioOdelega876

9 ай бұрын

I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

@rogerwheelers4322

9 ай бұрын

I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.

@FabioOdelega876

9 ай бұрын

Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

You lost me at “buy this house”

@oliverallen5324

Жыл бұрын

FHA makes a big difference. You should look it up. It’s a cheat code.

@lemonadewithniecey

10 ай бұрын

Saving $10k even saving 25k doesn't mean you can afford to buy a house if you have a low income. I made $13k I got $8k tax return in theory I could save my tax returns and have that kind of money but I couldn't rent a unsubscribed one bedroom I would not be aloud nobody is giving me a loan but I don't expect this advice to be for me but it said $0 so I thought it would be worth watching and it is probably good for someone making 30 to 50k and has a spouse who could also be earning.

@joancampbell7995

9 ай бұрын

😒 Same

@user-hb6lk8ow4v

7 ай бұрын

lol same

@magicprincesslive

5 ай бұрын

Same! I stopped watching the video at this point. And there is no way anyone is able to find a 3-unit building for $300k in California where I live.

Gabe, you timed the housing market perfectly. Congratulations! NOBODY could do that today because it is impossible to find a positive cash flow property out there.

@resa574

3 ай бұрын

Depends on how much your down payment is, but if you’re looking at 50%+ down, stocks are a much better alternative at that point

@ds5651

16 күн бұрын

I bet we get another chance in the next couple years

Retiring from public services made me realize that I had no means to passive income and in 5 years I only moved around in circles financially, I needed to make investments immediately desperate retirement and that led me to this looking for ways out. I feel very accomplished every time I remember my journey and how I have been able to grow my Investment to a return of over 200% in less than 6 months. Mind-blowing experience really.

@cythiahan8455

10 ай бұрын

Nice one. Not quite long I started investing. I'm very curious and need help on how to enhance and increase my returns. Any good investment tips would be appreciated.

@MarkFreeman-xi3rk

10 ай бұрын

Generally, investing requires higher knowledge. For this reason, It's important to have a solid support structure (financial consultant) to guide you through especially in asset picking. I operate with Margaret Johnson Arndt an investment advisor who partners with a licensed wealth management firm. For the record, the experience has been the best for my finance. She is quite popular for her services so you might have heard of her.

@cythiahan8455

10 ай бұрын

@@MarkFreeman-xi3rk That’s great. your financial advisor must be really good, I have seen testimonies of people using the help of financial advisors in making them more financially stable. Do you mind sharing more info on this person?

@MarkFreeman-xi3rk

10 ай бұрын

Well you can find more details about her online, by simply searching her full name.

@sophiadouglaswagner

10 ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

Very helpful video, mate!! Thanks for your great work.

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.

@AstaKristjan

11 ай бұрын

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Investment advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses, minimal insurance, cut utilities.

@IrenaDolinsek

11 ай бұрын

@@AstaKristjan I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner, and for that reason i enjoy my day to day market decisions being guided by a portfolio-coach. For over 2years+ and I've netted over $800k.

@Erinmills98

11 ай бұрын

@@IrenaDolinsek Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls?

@IrenaDolinsek

11 ай бұрын

@@Erinmills98 Jennifer Puckett Hunter. She's a reputable tutor who showed me that profits can be produced in both bull and downturn markets. She talks about investing, insurance, making sure your retirement is well-funded, and searching for methods to create a volatility buffer for investment risk, among other topics.

This was a great video, been subscribed for some time and really love your content. Total respect for the transparency in this video....much love from 🇬🇧

always great info. thanks for sharing.

Great Video and Great success. Congratulations!

@GabeBult

Жыл бұрын

Thanks 🙏

Sounds great in principle but what if your tenants don’t pay rent or trash the place? Unless you have enough to cover the lost rent and repairs, this could end in disaster.

@GabeBult

Жыл бұрын

That’s why we recommend saving up a decent amount extra for that rental properties Slushii account we did an hour long podcast on this on the Finances unfiltered channel

@probrickgamer

10 ай бұрын

Trashing the place is so rare and lots of land lords lose so much money by allowing their places sit vacant waiting for FLS and a 650 credit score, not realizing those people who qualify would obviously choose a house with that credit and free cash

@Justyouraverageguy172

8 ай бұрын

@@probrickgamer100% true or they are going by who the neighbors want in there like in my case after they run you out and never tell anyone new about their lack of integrity for defending loyal paying tenants leaving the property vacant for months.

We are really enjoying your Forest of Dean & Wye Valley videos, as we plan to retire to the area. Thank you for your interesting details

between the two, I think I would still support *VRI TOKEN* : technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx...

If you invest $2,545 into the S&P, then assuming a 10% annual rate of return, your child at an early retirement age will be 2 Million plus rich, excluding every other income channeled to this. We need to invest much more. Focus on the company not just the stock price, true words from my F.A Olivia Rene Reyes ..I made over half a million from ALB and NVDA..I love passive income.

@walter.dlawson2580

9 ай бұрын

When it comes to stocks and investing, most people don't know where to start. Fortunately, great investors of the past and present can provide us with guidance

@michaelgraham19871

9 ай бұрын

Truly It’s all about accumulating wealth through compound interest investments.

@harrisonkyunghee

9 ай бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a call.

Sadly the house hack doesn't work in my country ... For 300k you can buy a studio or a small 2 bedroom apartment, not to mention the min 20% down-payment☠️ multi rentals cost at least a million if not more. For those who wonder the average annual wage is around 70k😢

@MilenaBrandenberg

Жыл бұрын

Same here - no chance whatsoever to get there. let's find another way :)

@silmuffin86

Жыл бұрын

Even in the US, with the current market, you have to live in the middle of nowhere, where the job market also sucks, to be able to spend only 300k on anything that is not a tiny place to renovate

@ryangray600

Ай бұрын

Doesn’t work in the states either.

@THETOTALMUSCLEMANEXPERIENCE

20 күн бұрын

Buy a house with a higher roi and lower expenses in a different country or state, dont have to live in it, wait for value to incrwlease then sell

@jader3259

4 күн бұрын

Lucky if get a condo for under million maybe 700k in and most homes are over a million in Canadian major cities (Saskatchewan is the most affordable bet thou gotta live there if first time home loan buyer;) Rent one bedroom Victoria BC is bout ~2000$ month+ The rental market to find a place is extremely competitive even if find a gem on FB it’s just timing/personalities The right idea. Mind set is everything. Lots of hustle vids that can do to make $happen if willing and put in the work/effort. Staying to true to budget & saving is key. Automatic savings taken as soon as paycheques are due in. ~55k income saved like 30/40,000 in 3.6 years plus went on vacations, did some apartment remodeling yet my rent is way less than the market and hence why saving hard cuz know the alternatives are pricey. We shouldn’t be working to just afford a roof n food 💪🏽🍀❤️

Great advice.

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future… I pray that anyone who is reading this will be successful in his or her life!!!

@vickia.weaver7488

8 ай бұрын

I’m celebrating a $30k stock portfolio today. I started this journey with 6k. I have invested on time and also with the right terms now I have time for my family and the life ahead of me

@thylda7877

8 ай бұрын

Wow, really. I was able to make my $25k on investment

@dustireller3953

8 ай бұрын

​@@vickia.weaver7488I’m looking for something I can venture into on a short term basis, I have $15k sitting in my savings

@kiyotofujita2178

8 ай бұрын

Assets that can make you rich *FX *Btcoin *Stocks *Gold *Real estate

@alinamikelle8688

8 ай бұрын

You’re right but a lot of people remain poor due to ignorance

Genuine stuff that is practical for anyone here. Start at negative and you can work your way up to riches. Appreciate the hard work you put in to benefit society. We need this more than ever.

Saving and investing 75% of your income will retire you in 7 years.

@Dovydas17

Жыл бұрын

Where to invest😂

@pilipoff

Жыл бұрын

It is in case if your parents saved for you 75%

@matthewwendt7315

Жыл бұрын

If you really think that is helping anyone you're discouraging them from the other very useful information in this video.....its not a "top 10" video its a blueprint/plan that you can follow

@Nisa-gm5wg

Жыл бұрын

@@matthewwendt7315 I agree with Gabe, however, I don’t like debt. That’s the only to buy property right now. Property is so expensive. I’m saving, investing and have a good good salary and a great side hustle going on that brings in extra income. I’m retiring in 4 to 5 years too. Hopefully the price of property will go down and then I can buy with cash. Trying to create some generational wealth😊

@hulkman4004

Жыл бұрын

No it won't

This is my fifth year after retirement. I’ve been following the 4% rule thing, but this isn’t really how hard I expected things to be. I still have about $460k outside funds in my IRA to invest in stocks. Pls how do I take advantage of the market turnaround?

@sheltonPston

9 ай бұрын

A lot of folks downplay the role of advisors until being burnt by their own emotions. I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@McElvinn

9 ай бұрын

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@sheltonPston

9 ай бұрын

There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her

@McElvinn

9 ай бұрын

Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

A lot of gems in this one 💎 Thank you

It sounds great, but what if 1) a tenant doesn't pay rent and trashes a unit? - now you have to pay money out of pocket? This is possible, but it doesn't take into account crap happening. 2) if you're not handy, hiring someone to fix stuff (because things will go wrong) that will take your cash flow. I'm all for house hacking, but this is a "best case, nothing goes wrong" scenario.

Awesome videos sorry I’m so late

Thanks for all the motivation over the last year.

@GabeBult

Жыл бұрын

Thanks for watching

You are one of the most sophisticated and brilliant KZreadr/content creator I watch, and 1million percent the very best in finance. I appreciate all of your content thank you for *VRI TOKEN* much love from Chicago

I remember some of those early videos of yours. Started watching you years ago and it's great to see that you succeeded. Best of luck in the future.

@GabeBult

Жыл бұрын

Thanks for watching so long! Yeah, it’s definitely been a journey

I’m an RN and can just work a ton of overtime. The problem I worry about is health insurance. One medical episode can cost 100k easily in the USA

@Tyler-xc9pr

4 ай бұрын

That's why I don't live there anymore. The world is quickly surpassing the USA in every way. People will be leaving USA in droves going forward because it is a 3rd world country.

Where do you find these properties for so cheap though? No way you can get a 3-plex in manitoba for 300k

*VRI TOKEN* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures.

There is one fatal flaw with this. Everyone thinks they are smart “house hacking” and the price of multi-family units has shot through the roof. On top of low inventory.

That's a beautiful home 👌✨ savvy too 🤘

Best wishes ❤️

So inspiring! I’ve realized I am already in Year 1. I have been saving 50% of my income while trying to pay off my debt. Once I am out of debt, I want to increase my savings to 75% of my income. I usually feel a bit lost when it comes to managing/saving money, but have been educating myself. I’ve also dreaded talking and learning about money for quite some time. Your channel has been one of the resources I enjoy learning from. Thank you for doing what you do.

@michaelblockadvice

Жыл бұрын

Great job Mel =)

@PoyTroy

11 ай бұрын

This is the path I'm on. Saving 10k this year. No debt. Just really my car is a liability, putting in the work now. So in a year I know I'll have 10k in my hand.

These are great ideas, but there's no way I could get a 4-unit rental property for under a million here...also we have something similar to the first time homebuyers incentive, but it's not as good as that. If you don't put 20%down, you end up paying massive insurance costs each year.

@annebrown7510

Жыл бұрын

Even a one bedroom single unit costs a minimum of close to half a million in Australia 😢

@AK-47ISTHEWAY

4 ай бұрын

​@annebrown7510 Don't worry, the global real estate market is going to crash soon. When that happens, hopefully, you have enough cash on hand so you can buy a house outright, and not have to worry about a mortgage.

I like your channel, but there's a flip side to this solution to just become a landlord. In the US, it's getting harder and harder for people to find affordable housing because of people doing this, and developers buying up places in cash, faster than single families can manage with the savings they have built up. Airbnb makes rents go up in neighborhoods until regular people can't afford to live there. I hate to be a negative person on here, but I wish there was a way to do this without being part of the problem.

It's cute how he thinks 300k would buy a 4plex... Not in Canada lol

@vonnnner

Жыл бұрын

$2mm+ buys a run down 4plex where I live

@jessejames4967

Жыл бұрын

Not in California either

@courge37

2 ай бұрын

It would in my city and I'm in Canada 🤷🏻‍♀️ Just gotta live outside of the big metropolitan areas

The pandemic has shown us just how quickly decades of planning, investing and saving can be completely upended. This could mean your current financial plan might leave you without enough money to last your retirement. A recent Vanguard study found that, on average, a hypothetical $500K investment would grow to over $3.4 million under the care of an advisor over 25 years, whereas the expected value from self-management would be $1.69 million, or 50% less.

@McElvinn

Жыл бұрын

@@AUstinnesc I'm happy to have stumbled upon this discussion. If you don't mind, could you tell me the name of the financial adviser who helps you with your investments and how I might contact them? It Intrigues me to keep learning.

@McElvinn

Жыл бұрын

@@AUstinnesc Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.

@mikethomas6715

Жыл бұрын

Lol ... Look at who's doing/sponsoring the study. Duh!... I know of ppl who did way better than a financial advisor with their investments. The advisor charges a fee too. Overall for the average man an advisor is great but don't just think that if you don't have one & maybe can't afford one then it's over for you.😊

@BARNEY5879

8 ай бұрын

So a company that operates as a money manager/advisor thinks people should use and pay fees to a money manager/advisor?

@ClickBeetleTV

2 ай бұрын

I think I would need to see that study to believe it

I hope people keep in mind that if interest rates go up and unemployment rates go up that many of the real estate methods people rely on fall apart and can result in foreclosure and even bankruptcy. Many grades between wealthy and that of course. I understand that some countries have rates on their loans locked in for 30 years and that helps a lot to prevent troubles if you got locked in low. People's perceptions changed radically from 1928/29 to 1930/31 as to what was possible. Plenty of reasons such change could happen again.

He's so happy about the Recession coming in, like he's super excited to be witnessing it.

Have 2 properties… but i had bad money management, and few medical expenses… now at 40 i need to hustle again like i was in my 20s & 30s 😭 shit

In Australia, you need to earn $300k a year to buy one unit.

Thank you Gabe...👍 i was thinking of retiring at 60 but no i want to retire young

A blessing that we have the access to such knowledge for free 😅 Thank you Gabe for changing many lives and increasing the saving rates on our planet =D

@GabeBult

Жыл бұрын

Are glad I can help! Pretty much everything I have learned is from other people, so I’m just trying to be that person for you guys

Depending on the real estate market one is in, this could be a good strategy, However, in Austin, TX, the cheapest duplex starts around $400,000, and just a simple analysis of cost versus what revenue rentals would bring would not make this a profitable venture in this market, perhaps if the prices went down 25% or more.

Thanks for this great video on how to save funds for retirement across seven years

For years I struggled with outstanding debts, bills and my children's school fees. I was at a point where I wanted to give up. I came across every KZread channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already saving for retirement, earn on a monthly through passive income and got 4 out of 5 goals,< just hope it encourages someone that doesn’t believe in investing.. .

Cool now I just need to find a dense American suburb with abundant houses for sale in my non American country

I get such GREAT service every time I go to the *VRI TOKEN* and the IRS is SO wonderful to work with. I DEFINITELY want the Government in charge of my Social Credit Score! This couldn't possibly be misused in ANY way! All the data breaches that the VA has had makes me confident that my data would be TOTALLY safe!

The War Room is by Far the best way

Easy too say! But imagining dealing with tenant and etc!

Haha love that ending 😂

Loved this one! Roughly in year 3. I love the steps laid out like this, makes it really easy to understand the process and get people thinking about options!

@GabeBult

Жыл бұрын

That’s awesome! It’s definitely attainable if you can make some big lifestyle changes

I’m 44 and all-in on FIRE now.

Gambling of housing, of course. I’ve have enough of this kind of videos

How much were your expenses in the repairs and maintenance for the rentals and did you do your own work to cut on those expenses?

@GabeBult

Жыл бұрын

I did choose to renovate the first two but I budgeted that in and then I also do you have repairs but that is budgeted it in as well. At this point I have a management company.

I wanna let you know that *VRI TOKEN* made it this year. What better way to start a global change? Don't get me wrong I know they are not like altruists or something but they keep doing the right thing to improve the situation, power the ecomonmy and so much more. We need players like them and we can always jump in the train at good spots such as this one

Thank you for the update *VRI TOKEN* is done right, and waiting is part of the process,

I need to find an area where I can work that has cheaper real estate! The average single family dwelling here is over $700k... nothing multi family for less than a million, even in a scary neighbourhood.

Thx you

Can't deny the fact that *VRI TOKEN* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

Success seems to be connected with action. Successful people keep moving. They make Mistake but they don’t quit... As the economic crisis keep rising, we literally need to have different streams of income. The crypto and stock market has plenty opportunities to earn a decent Payouts with the right skills and proper Understanding of how the market works.

@bradwilson8218

Жыл бұрын

Yeah you're absolutely right..... Lots of people are still making massive profits from the stock and crypto market, all you really need is some relevant information and some professional advice. It is totally inappropriate for investors to stand by as they take dips during significant market diclinism

@bradyrobinson5016

Жыл бұрын

@@bradwilson8218 A good investment requires experience and knowledge to carry out a successful operation. Professionally, it is recommended to trade with experienced brokers, who can help you increase your profits while helping you learn the trade

@bradwilson8218

Жыл бұрын

Well I invest with a top trader Investor Ashton Edwards you might have heard of him.. I can correctly say he's the best top trader in the world, an investment advisor as his diversification skills are great, I say this because i see that in his results as my portfolio grows by averages of 25% to 35% on a weekly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what he place and not just on some particular industries of my choosing. He gave me that financial freedom I needed

@bradwilson8218

Жыл бұрын

Investor Ashton Edwards. He's well researched. Just look him up on the internet, you'll find his personal website

So basically the plan is to become a landlord. This entire video seems like a gross oversimplification where you just keep buying homes and always have tenants - let alone paying tenants that respect the property.

I drove my first car in my dad's name and later went to get a truck in mine after I paid off my first one and drove off the lot with the truck I wanted, its mostly about a good credit score and a loan portfolio helps as well...lenders like to see various forms of loans in your name to be less of a risk and yes you might have to put money down but not HALF of the car loan Your exactly right I screwed my credit as a young man now I own a detailing company and can't get anything with out the full amount of cash. I'm working on my credit to get better with *VRI TOKEN* , Love the knowledge keep it up

Pretty darn good plan. Househacking is an amazing wealth building opportunity for sure. It's not easy, It's not comfortable, It's not low risk, but it sure can pay off big time like you outlined in this video. I'm not 100% convinced that these steps will lead to financial independence in 7 years, it surely is heavily location dependent for househacking to work, but I do believe you can retire decades earlier using this approach.

Buying a multiunit property would be nice... if I wasn't living in an expensive major city.

Damn, the comment section is a crypto scam mess. I also got a fake Elon Musk Investment offer advertisements before the actual video started

If you are running a business, you are not retired. If you're running a KZread channel specifically to make money, you are only semi retired.

@AK-47ISTHEWAY

4 ай бұрын

I was going to make a similar comment. The vast majority of these F.I.R.E KZreadrs are not really retired. They just switched careers.

Great vid. Planing te be free whean old is bad idea. Its ether yaung or forget about it.

Hy ure videos r amazing I learn a lot from u . Thank u so much by the way I am very interesting ure key bord ( white color key ) can u comment here what type of key bord that love to buy one . ❤

Thanks 🙏 5-24

Just few days in new year *VRI TOKEN* is clearly setting up the new milestone! The only real way to counter the current recession is by acting on yourself, making own decisions and making sure that you got enough no matter what happens. If you trust conventional ways you might end up being homeless or worse at one day, seriously.. This is why I believe in projects like this one which are clearly there to make a difference and it starts right now

I have move saved up in the new Apple savings account 3:05 and I plan on not touching it

I dunno… I was one of those people that didn’t care about a credit score, didn’t get any education about how important your credit score is, and I racked up debt like an idiot. I worked really hard and educated myself and I’ve brought my credit score from 480 to 732 and I’m still going up with *VRI TOKEN* . I feel like the government blaming credit reporting companies instead of the lack of financial education in their own public education system is foolish.

Interesting but can’t get credit so I am cash only. Once my credit gets fixed I can probably buy a rental but there are many of us that get caught up in bankruptcy and can’t do much.

I love how you jump from analyzing numbers to buy this and that lol

Keep the job and health insurance. Just another way to stack

I already converted all my ETH to *VRI TOKEN* , now I feel like moving all my BTC to ADA as well.

Step 1: save money Step 2: leverage yourself to the absolutely fucking tits in various investments….

Where did you buy the 4 unit building for 300k???

@AK-47ISTHEWAY

4 ай бұрын

It was most likely a "Handyman Special" which is real estate code for a money pit. I see buildings like that in my area for even cheaper, but they're literally falling over. You'd have to demolish the whole thing and build a brand new unit.

High interest savings? Gabe, how do we do this? Thanks.

@GabeBult

Жыл бұрын

I would just Google the top higher interest savings accounts right now. There are quite a few I like Ally or Webull.

At 3.5% down on your 300k example ($10,000) then folding the 10k closing costs into the mortgage, you’ve effectively put down $10k on a 300k home but taken a loan out for $310k. This is an absolutely absurd amount of leverage to recommend someone take on, and with interest rates where they are it would be incredibly hard for this to cashflow with 100%+ of the homes value accruing interest.

@GabeBult

4 ай бұрын

For me I've been able to do that obviously it needs to cash flow. But if I make $1,000 a month within a year I have all my initial capital back and it's just infinite gains after that obviously it doesn't work for everybody and every second situation it's hard to find

It takes a lot of experience to make good quality KZread videos like yours. I tried to make a 2min video, it wasn’t good but still took me 3h..

*Considering the economic downfall and the rise in poverty across the globe. I ask; What’s the best way to achieve financial freedom?*

@lewisharris5136

Жыл бұрын

By following this practice; *(Being frugal , Investing and staying positive),* and by working with a *financial planner,* I achieved financial independence.

@mariewilson6268

Жыл бұрын

If I could ask; who’s your financial Adviser and how do I gain more info?

@lewisharris5136

Жыл бұрын

I get help from *Donald Nathan Scott.* A well known Investment Adviser who operates privately . You can research his name to get more information.

@lucasferari4515

Жыл бұрын

I am extremely delighted to see Mr. Donald Nathan Scott’s name mentioned here. It’s been three years and I vividly recall my experiences with him. My accomplishments and success became a reality working with him.

@marchettibianca1367

Жыл бұрын

It’s hard to find someone who can be trusted with money but having encountered Donald Nathan Scott and his services, I’m convinced that good people does exist. I’m not there yet , but certainly I will boast of a *Skyscraper.*

Lean six sigma for sure! Good job

25 and feel like I will be breaking my back 9-5 + OT barely feeling alive by the end of the week for the rest of my life. Lost is an understatement.

I think you literally just saved my life Leo, I’ve been struggling to find a way out. I’m currently an N.A waiting to get certified because of covid and stuff but I support myself and my grandma. I don’t have anyone to turn to for help, I’ve been trying to save but I can’t because of bills and renting my apartment and everything. But this, literally helped me look to a brighter future. My grandma is crippled so she cannot do work or anything. Most people have parents to turn to but I don’t talk to my mom or dad. This literally helped me so much because since i met *VRI TOKEN* the real issue i have about debt was solve in some weeks am sure before Feb of my birthday i will be home owner.

So completely leave out risk is what your saying lol. So now you have 2 house payment to worry about if you can even get a bank to loan you the money in the first place and as far as having tenants pay for it you have to hope they don't stiff you which happens a lot more these days and then there is the issue of repairs when thing brake or your roof leaks. It's like living in a house of cards one little problem can bring it all crashing down good luck with that.

Great video Gabe! You can retire in 5 years! We did it by the ages of 28 :)

Not forget to mention, choosing the right partner for this way can help you to reach this faster, or just more stress-free ;)

@GabeBult

Жыл бұрын

100%

Easy side hustle for me is reselling clothing online, quick and good money just throw it in your savings

A low quality and run down 2 to 4 unit property in my city will set be back around 1 million. I think this guy lives in a different realm. Completely unrealistic for a first home buyer taking on THAT MUCH DEBT.

@AK-47ISTHEWAY

4 ай бұрын

Most of these "financial advice" videos are for entertainment purposes only. I don't believe a word that comes out of these KZreadrs mouths.

For clarification- FHA is *NOT* a first time home buyer program. You do not have to be a first time home buyer to use.

What should the side hustle bring in annually for year 2?

@jessejames4967

Жыл бұрын

As much as possible.

@high-endsecuritysystem.2817

11 ай бұрын

"Build Residual Income!" Ask how?

Credit scores are just a form of federal control, so if you want to continue living a good life? it’s important to have a high score. My house and vehicles are paid off, I have one Visa card for all purchases, which gives me air miles, and I pay it off monthly, but my score bounces between 800 and 820 without changing any of my patterns, so it’s manipulated for some reason. *VRI TOKEN* made it stay at that range and getting it up

Do you have to live in the house to get the first time homebuyers loan?

@GabeBult

Жыл бұрын

Yes for at least a year

I would love to hear more about your wife's side ~ what did she do before she quit and is she on the same mindset and journey as you in ters of frugal living?

@GabeBult

Жыл бұрын

There’s a podcast that her and i did together a few months ago! She answers some of these questions.

Credit score is not something used in all countries though. In France, they determine if you are eligible to get a loan (e.g., to buy a house) based on the ratio between your salary, your expenses and your savings. Basically, if every month you 'burn' all your money, you're perceived as riskier than someone earning less but consistently making deposits to a saving account. I feel in the US people tend to buy things they don't need with money they don't have... The only times I feel one should need a credit is when buying 'big' things (house, car, etc.). Not for a TV. I’m 26 with over 800 credit score, time was put into that to build it up by *VRI TOKEN*

@blah914

Жыл бұрын

pretty much the same in norway: income vs debt. but they dont take ur expenses or savings or rent payment history into account. im 60% conventionally employed and run my own business. only the 60% is taken into account, no other earnings bc its not considered "reliable". if youre self employed in norway, you're utterly fucked bc u cant get a loan and the housing prices in our large cities rivals London and New York.

Interesting consideration, have to consider digital land probably won't function like physical land obviously but I see application. The issue right now is no one can foresee where this space is heading. Metaverse is an obvious choice in purchasing land as it's backed by FB but when I bought my VR headset a lot of people didn't want to have any association with FB like having to create an account to access their VR profile. I think if fears of future pandemics persist people will be more willing to stay home and interact on VR for shopping and social events, not to mention viewing events in other countries without the costs of flying, etc. There's a lot of potential and opportunity to integrate with cryptocurrency when you deal with the right source like *VRI TOKEN* but there's probably a long way until a platform exists for it.