100 Money Tips That Made Me Financially Free at 24

About this video

• Video Title: 100 Money Tips That Made Me Financially Free at 24
• Channel: Gabe Bult
• Speakers: Gabe Bult
• Duration: 22:47

Overview

This video provides a comprehensive list of 100 money tips aimed at achieving financial freedom, shared by someone who claims to have attained it at the age of 24. The speaker emphasizes that even a few of these tips can significantly impact one's financial situation and encourages viewers to take actionable steps. The advice is categorized to help viewers focus on specific areas of improvement.

Key takeaways

• Financial Freedom is Achievable: The core message is that financial freedom is attainable, but it requires a belief in its possibility and a willingness to change habits and invest in oneself.
• Define Your "Why": Having a strong, personal reason for pursuing financial freedom is crucial for motivation, especially during difficult times.
• Calculate Your Freedom Number: Determine your financial independence number by assessing and minimizing living expenses, then devise strategies to earn that amount.
• Embrace Being Different: Success in finances often comes from avoiding popular, conventional advice and embracing unique approaches.
• Build Systems, Not Just Goals: Sustainable financial change comes from implementing consistent systems rather than just setting distant goals.
• Prioritize Learning: Continuous learning through books, podcasts, and networking is essential for acquiring financial knowledge and skills.
• Focus on the "Big Three": Address major expenses like housing, transportation, and food first, as these offer the most significant savings potential.
• Debt Management is Key: Differentiate between good and bad debt, and prioritize paying off high-interest debt while strategically managing other forms of debt.
• Multiple Income Streams: Diversify income through various sources to create financial security and resilience.
• Invest in Yourself: Prioritize personal development and skill acquisition, as this often yields a higher return than traditional investments.