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A correction on the Trinity Study. The 4% rule only holds over a 30 year retirement. There have been historical markets of 30+ years where 4% would run out. For true historical perpetuity I believe the number is like 3.6%. Although some people believe the markets will never be as bad as they have been in the past. And using only the most recent 50 years would suggest that 5%+ is a safe withdrawal rate for perpetuity.

Most people ive known look poor af. Are actually rich. Older house. Paid off older vehicles. Not hrand name clothes..then when they get older they get a nice house, nicer cars. Then Start looking rich.

Hi Gabe, love this video well said and great advice!!!! Wish I would have known this 30 years ago ☹We all need to be humble and very thankful of what we have not what others have

If so many of you got so little from attending college, what did you do in all of those courses from which you learned nothing?

Wayyyyyu cool!!! Btdtx3, except 2 were in grandma’s house (house hacking!)!

I plan on retiring at 50 with my fed law enforcement job. 1 million plus in 401k and about 50k pension. And 300k plus in Roth which I’ll pull at 59

Gabe, are you reformed? I watched a video where you have the Reformation Study Bible on your bookshelf.

Great video. Poorly worded title. Still... take my upvote- good message.

I keep thinking about the groceries my parents bought and stored in a safe.I used to look in there and i never saw lots of things.There were essentials and id never firget a bix if large pieces of TUrkish delight or jub jub.My parents git it right,i did the opposite.

I subscribed as well! I loved your episode on the Bigger Pockets podcast!This channel is amazing and i cant wait to also wath your partners channel

I take pride in driving my PAID off vehicle. Im trying to be that old dude that drives around in a 20 y/o pickup truck.

Bought a brand new Honda in 2008. Still driving it and still LOVE it. New Jetta in 2013. Still driving it and LOVE it. All the used cars we bought to “save” money had multiple breakdowns and there was a reason the original owner ditched it. I’m only buying new again. We keep up with maintenance and know the history. My dogs have been more than pets. They give you purpose, get you out for exercise, provide protection, provide emotional support and make you laugh. You can’t travel all the time and kids grow up fast. What is your idea of a “big” house?

Clicked on the link for the shoe rack to be taken to American Amazon I thought this was English RUclips

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Be careful though of the “99%” titles which, true, bring in clickbait traffic but just make you look like the ‘guru’ hustlers.

I wish I had it in me to be more motivated....

Thanks x big help for a 60 plus person in NZ xx

I've made this point before but it bears making again. While all this advice makes perfect sense, the one big problem with "invest for the future" is it might never come. Having at least some plans for how you're going to manage your future is definitely a good idea BUT as anyone who's lost someone before their time knows, that day you're planning for in 30 years MIGHT never come (without wishing to sound morbid)

i love shoping at salvation army

ive retired from 40 hours a week (it has been 50 in my early 20s) to 38 hours a week at age 31 now.. i could have afforded a 20% decrease but i want to spread it out and keep some money working.. this way i can afford another 2 hours less every 2 years and still have my money growing

Agree with you about the pets, they are a burden for me. I might get some hate for that, but I'm not saying they are a burden to everyone, they just are for me. We spend alot of money for human-grade high quality food for them, put them up in boarding when we go on an overseas trip or have friends or family look after them, so they are well cared for, we just don't get the warm and fuzzies from them like most other people do. I disagree with you about the restaurants. We put $20/week away for a special meal, every 6 months thats $500 for a special occasion and life's short, so we enjoy it and it's guilt free because in our minds that $20/week is not much and it's already accounted for. Sounds like you didnt have a great experience at the fancy restaurant, and thats a shame, because when you find a good one, its a real treat! Sure we can put that $20 a week toward something else, but you gotta live a bit and do some things that give you joy before you disappear forever.

I am here to say your videos are bringing more value lately. It might be that you are more authentic and bring in more critical thinking, as well as trying less of “trending” videos, when suddenly all of the finance themed RUclipsrs do same videos, like “get ahead of 99% of everyone else” Keep up being honest, common sense, and questioning well-established concepts

Do you have a video that talks about all the different passive income streams ppl use?

in my opinion if your 1 job can give you good life, invest, free will, live in frugal life, with emergency funds and no debt, why you mandate 2nd job? sometime chasing money is exhausting.

My wife and I were the black sheeps in our family while everyone else were after the name brands, new car, and all the hype. We were made fun of in the process, as we never jump in the bandwagon; until 2 years ago; that her and I paid off our our mortgage; had the property rented out for travel overseas; not just to travel but to live; many wondered; HOW? Living simple; and not keeping up with the Jones's was a bitter sweet idea that made it all possible. Awesome video.

if people SUSPECT you are rich ,just make it sound like its all on credit! SAy things like "i hope to get it paid off someday"",i havent had a house payment in 20 years ,and no vehicle payment in 35...the money i have saved on NO-FULL-COVERAGE insurance has saved me 50k....

Thanks for another great one. Just paid off the mortgage on one of our rental properties! One step closer! 👍

What should a 71 year old , medical disabled woman living on social security ($1289) do to increase my income?

You are TOO young to be indoors this much!

Low self esteem is a big part of success. I felt I was sometimes not good enough for my boss and couldn't take his kindness.

God through Christ is the fulfillment that is missing. Natural life can only provide so much for humans no matter if you retire early or work forever. Retiring early and having more time to spread eternal salvation to the world while loving my wife and growing our family is goals for me 💯

How did you get rich and why? What is the point of your life. Sounds like you have something to prove. Actively trying to look "poor" is just as bad as actively trying to look "rich." It all comes down to ego in the end. Also, how do poor people look anyway? I have actually been rich, poor and in-between; and have always presented myself in a professional manner in dress, words, and actions. To put on a show and pretend to be someone I'm not is ...well.... a lie.

I watched Bigger Pockets and when you said " Proven" plan, I was like ...why don't people know about this ?

The disclaimer, obviously, is that this is advice for wyte people only. I can't look poor. I get no respect. I get treated like sh*t if I do.

Sure, along with that I’d say stop judging others for their choices. If someone else wants to work a part time job in order to make that truck payment is entirely up to him. Unless he came up to you asking for advice and complaining about living paycheck to paycheck because of his truck payment. I often see people “bragging” about their minimalist lifestyles and how wealthy that has made them…. So, they are fronting their own lifestyle over others’. There are some people that grew up dirt poor and want to experience certain indulgences before they’re too old to enjoy anything. Maybe finding that balance is key. 🤷🏻‍♂️

The truck thing hit home. My father bought a new f250 4x4 in the 80s then delivered newspapers for years to pay for it... ive never worked a 2nd job, and rarely worked overtime.

My coworker told me 25 years ago i live like a college kid. I retired early 50s, he turns 70 this year... he's still working. Talks about his house a lot.. we're friends still

I appreciate the advice and wisdom you share. I look forward to your content. Just the other day I was having a discussion about finances and lifestyle and I referenced you and your channel by name. Your videos are a pleasure to watch and you seem very authentic. I wish you all the best of luck moving forward.