How I Saved $100k In 3 Years (Step By Step) 

If you want to check out my partner mint mobile and save money on your phone plan check it out mintmobile.com/gabe

Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.

"Money without financial intelligence is money soon gone". Thank you Gabe for you tips! Definetly increased my financial IQ 😇

🤔 "don't cut down on things you enjoy most" I'm loving this perspective.

Took me 4 years to save to 100k from the ages of 16-20 I worked minimum wage as a tutor and picked up any physical labor jobs for extra cash. 3 things that definitely contributed to the 100k was 1. Living with my parents 2. Went to a cheap college so I would graduate with no debt 3. Living below my means aka just getting the 5 dollar biggie bag from Wendy's. Only thing I would have done differently is start investing into an index fund as soon as I was 18.

I concur entirely. The first $100,000 was the hardest, and I didn't begin investing consistently until I was thirty years old, in 1998. My grandmother Emily Lois Parker gave me a respectable $1.2 million nest fund when I was 55 years old. My one regret, after knowing all of this, is that I didn't start when I was 25. Those extra five years may not seem like much, but they are crucial.

Currently driving a 25 year old car. Instead of spending money on a new car or different car. I’m going to put around $5000 to fix it up and have it for another 5 years.

Another tip: Don't get TWO BIG dogs. 😂 I didn't realize when I was 21 that owning a Great Dane and a Cane Corso simultaneously would end up being a yearly expense of 4.000€ (without them being sick and needing extra visits at the vet). I don't regret owning them, I just didn't make a conscious decision back then.

Wow, really interesting! Thank you for sharing your knowledge. All great suggestions, and I love how you didn’t cut entertainment budget or things that we love the most.

Mate, there's 6 million channels like yours... but yours is the only one that goes straight to the point, it's pleasant to watch and your content is actually legit. Like, I'm already doing most of the things you reccomend in your videos, but still, I'm learning and adapting so much. My wife died of breast cancer last year at only 36, so I'm just trying to "pull myself together" as far as... life. Great content and great videos, thanks for being part of my healing process :-) I really truly mean it.

Great video! Saving $100k is not an easy feat, but your tips definitely make it seem more achievable. I particularly appreciate the emphasis on creating a budget and sticking to it. It's amazing how much money we can save just by being mindful of our spending habits. Keep up the great content!

Thank you for making these videos. They are inspiring and motivate me to keep working on my financial goals and make new ones. Something new sinks in with each video even if I've heard the advice before.

Health is wealth to me at my age.

Really appreciate the observation about not cutting out what represents a relatively small portion of the average budget, 5%, and yet is an area most people get some of the most enjoyment from (entertainment). This is so true and under appreciated. For example I've gone out of my way to avoid car payments, have the lowest car insurance possible, and minimal transportation expenses because those feel like MISERABLE low-value uses of my money. Blowing a few hundred dollars on a really fun weekend with people I care about? Maybe not the most responsible, but I had fun and probably won't regret it. Blowing a few hundred dollars on a car payment or insurance? OMG, RIP OFF! HATE THAT. What a painful way to use/lose the money.

I agree that housing, transportation and food are flexible. If you are single you have many choices. Remember some cars, if you need one, depreciate faster than others. My new Camry only depreciated $500 by leaving the showroom. Some that number is $5,000+. At one point my $18,500 car was worth $27,500 because used cars went up like crazy.

I find lots of people mistake simple for easy. Love the videos! Keep up the great work!

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

Great vid, love the new color/styling video edit 🔥

This is great...you gave actual numbers...easy for someone to implement. The first step is to know your pay and expenses - that will give you an accurate picture of where to save. Thanks for this video!

always enjoy your helpful content. I continue to learn from you and grateful I found your channel

Love how you break down the steps and they are very real..

Im on track to save 100k in three years / Not easy but I'm saving 3k a month 50% of my income. I have 3 classic cars and 2 drivers all paid off . I have 2 homes one is a rental NO DEBT is the key . I eat out 5% of the time don't every go to starbucks type places . Have a Chevy Bolt as my dally driver 2001 Crown Vic for long drives. When I get my 100 grand Im buying a Vintage Bonanza 35 . Life is good . Have a simple woman as a wife and 2 adult children...

Great advice. Trying some new voice effects? Thanks for the tips!

I like all of your videos, but by far this one is my favorite!!!

I'll be honest I don't like when sometimes people say I'm living paycheck-to-paycheck and they make close to a hundred k but when they break down their expenses to always say they putting like 4-5k away for retirement they choose to put the match amount away there's people that I actually live paycheck-to-paycheck they have nothing left in the month

Wow I wish I found this video and your channel alot sooner. I will follow your suggestions (not sure if I can make it in 3 years but definitely 4!) Thank you.

Love the first part don’t start cutting down entertainment budget.. for me that would definitely ruined you out or not motivate you from the beginning.. So you are very correct

I love your transitions

Gabe, your advice is appreciated. The essence of "Money without financial intelligence is money soon gone" is valuable.

What they fail to teach you about making money - Gabe Bult

One of the issues is that the first two savings are often inversely related to one another. A key way to cut your living costs is to change your location, but that increases your transportation costs. I'm lucky enough to live in the city centre and I remember watching a video where someone was talking about his cost of living in my city, and his house was quite a bit cheaper than mine, but as a result, both he and his wife "needed" a car (which of course had to be brand new and bought on credit, so there is that), which catapulted his living costs way above mine. But yeah, like you, when I had a car, I bought a cheap one, ran it for four years, and sold it for not much less than I paid for it. I reckon in total, it cost me less than $1000 to own it for four years, plus insurance (which was expensive because I was young).

I’m looking forward to the next podcast.

New CARS are a BIG part of this! Great Video!!! Thanks :)

I loved the podcast too! Love this!

Great video!!! Learning to live intentionally. Thanks for sharing 😊

Thank you for your videos. That's motivating! :)

$100k in three years isn’t hard north of 150 and single. Young men…hear this please….do not rush into a family or with a lady friend. Get your shit right first, otherwise you’ll be like all the others and sitting around f*cked. Stay great Kings!

This video helped me clear my mind and gave me some hope for the future. Thank you!

Step one: Make more than 100k in 3 years.

I save 100k if you leave rent free in your parents basement

Great video. I’m actually renovating my house into a duplex. That’ll cut my housing pretty good.

Please no backround music that just distracts. I looove your videos! Sorry for my english, im from germany 🌻

your smart asf bro thanks for the breakdown

it's only me or his videos are all the same?

For me when I get paid, I pay all my bills, then save %90 of what’s left and ball out with %10

Woot, Honda Civic for the win! Not usually something I hear positive remarks about. Thanks!

Another good video…. There is not enough time to listen to podcasts. Give me a list anytime!

Completely off topic but where did you get that purple cup?!

What notebook are you using at 1:52 ?

This is really cool. I started subscribed your channel before Pandemic year. I learned at lots of your tips. I paid my Toyota corolla 2014 zero mileage pandemic year. I learned to get a second job during pandemic. 4 houses my patient friend look a cleaning lady> . They’re paying me good. They’re scared if someone coming to their house without covid vaccines> I was so blessed as a caregiver. Now, my target is home>. Thanks for the inspiration. Yehawwwwwww!!!😊😊😊😅PEACE!!!

I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

House hacking is where it is at. My tenants indirectly pay my housing expenses 100%. Buy a fixer upper, you will be on your way in no time!

US Mobile has plans where you can buy how much data you want to use and it’s super cheap for families!

Great video, 1% saving is doable. 1% will become 2%, and so on, and so on. Just do it.

Paid off my car in 2022 and committed to keeping it for a while. A first for me. Shopped our insurance policies for both the house and cars and found cheaper policies. The only thing left that gets us is my wife’s itch to dine or meet with friends once per month. Easily $100+ each time. We have a lot of friends and are constantly invited to different things. Maybe that should fall in the entertainment budget? Besides that I don’t spend anything on material things like clothing or shoes. ***Currently at $50k total with all investments and savings*** Almost there. Just need markets to pop.

I can appreciate the idea of a 3 year plan to attain this goal. However, in the current economic climate, the average American doesn't have $92 to spare on a given day, let alone every day. I did just what you said and increased my income by $16k last year. Unfortunately, inflation quickly outpaced that increase. SMH

I don’t even make that much a month, let alone being able to save that much

Creating another source of income in these difficult times is the best thing to do. Not only does it guarantee returns, it also helps you plan and save for future expenses. It can be quite difficult to make an investment without sound knowledge or guidance, which is why it is advisable to work with an investment advisor.

So how much is the monthly 500 a month or 800 a month to

The market is volatile at this time, hence I will recommend getting yourself a financial analyst that can help you manage your funds & make you good returns while you focus on other things in life.

I loved this video.

3:08 "You pretty much just have gas." And insurance, registration, license plates, state inspections, smog tests, oil changes, etc.

Is your voice pitched in this?

Even if you can’t do $92 a day, start with something and make it a daily, weekly or monthly habit. Overtime you can always increase it. To many people say once I make X amount, then I’ll save. The turtle wins the race. Consistency is key.

is this replay?

My current model on cars works well for me. I buy a 2-3 y/o car and drive it until it becomes too expensive or inconvenient to own, my target goal is 10 years. I've really built up my home cooking skills to the point that eating out isn't really a treat anymore. I mostly go for pizza or breakfast sandwiches, $10+ a trip versus $50+. My SO is better at saving than I am, so I just pay the bills and she pays the savings. It's pretty safe to say that we don't make six figures, in fact I only make about half that myself. We do the best we can to live below our means and while not on the same timeline as you, we're about halfway to your savings goal. I will probably get a second job or a possible side hustle this spring to up income, but we're honestly doing much better than even before the pandemic. We've just been smarter and it's paid off.

I live pay check to pay check as well. But that’s because I invest most of it.

Great video - lots of good suggestions. I definitely think people should have at least 15% or more (I always did at least 30%) of their income in 401K or auto-transfers to a savings/brokerage account and then live within the budget of the money that is left over.

My goals is to save up 10,000 by 2024

Is it just me or was Gabe talking faster than usual? His voice sounded off... is it just me? 😅

You are my Jonas's/Jones'! Although better to be like the Bults and keep your cash! I nearly yelled 'yes' out loud when you said it's ok to keep our coffee. Thank you! Great video. I would also add consider cost of whatever you invest in - time/money. Door dash sure - but gas/time/money/data/car wear and tear etc. Dog walking - energy/time/commute time and money gas logistics etc. Know what you are getting into so that you manage it even more effectively and make your resources worth it.

For me, it has really been side-hustling like crazy and working 7 days a week. The amount I "save" does very little in comparison. That being said, I save on top of it.

I feel like if you make over $100k, saving $2780 per month should be pretty attainable

Multiple 100’s!

You totally sped up this video haha. Kinda high pitched 😂 thx for another great video

The last three years I’ve made some massive changes. Moved to a regional area 3hours out of the city, which meant I could afford to buy my 4bed/garage house on my own. In 3years I own more than 3/4 of it. I only pay cash for my cars. Food - mostly eat at home. As a single parent this strategy has definitely worked for me. Change your perspective is right Gabe, making a picnic or BBQ with friends is a cheaper alternative to going out on the town drinking/eating. This new lifestyle has served me well & I don’t care what my city friends (still broke & in the rat race) think!

Food hack for me is being willing to go without a couple foods I want to get a food I 💕

Ik I regret spend money ,but I will start save money also do workout and only drink water😂

One thing you didn’t mention that I preach to my younger siblings, work hard, and live at your parents house for as long as you can!!! I left my parents house and also had $100k

If I was smart and not a nerd buying plastic crack. I can save $6000 a month after rent and bills. 😂😂😂 but I'm an idiot and buy nerd toys lol 😆 😢

When you say make small changes to transportation and save $20/ day. That’s $600/month. That’s not a small change. ??

how do I break it down uk British pounds £

Whoever’s reading this I pray you are happy and become extremely successful!

The jonahses 😂😂😂

I wish you’d been around when I was your age!

Mint Mobile is fantastic. Saves me hundreds every year

92/ day is impossible for me lol. my rent alone is $1,566/ month. not including any other bills i have. and thats only a 1 bedroom. plus I have 2 kids and a car payment. lol. and im a single dad.

Sorry this is 100% for Americans only!... in Europe the average wage is

I did the same 130k in 3 years working a trade and living at home. Not hard, but i was earning 90k-105k per year all those years at 20-23 which is not very common. So if your earning less than that and also have a mortgage or rent then it will be very hard to do so

I dont even make 92 dollars a day...

What's with your voice? It seems higher than previous videos....

About family with 3 kids

My coworker is 20 years old and lives with his mom, making about 65k per year. He lives paycheck to paycheck and says that he’s always broke. If he didn’t single-handedly keep Amazon in business he’d be swimming in the dough.

i generally do enjoy your videos I've saved 1K dollars so far. Whats helped me are those CD accounts. I may or may not run across this particular video in the future but I think in 3 months I can and will save an additional Sighs... Thinking $3500. Thanks again and we all will do it!!

Smart thinking 🤔 99.

I too was able to save $100k before celsius stole them away from me. Literally the biggest mistake in my life to ever gone with them.

1. Get a job that pays enough a year. At least 50k after taxes. 2. living quality doesnt exist, cause you have to set the livingcost to nearly zero. If possible zero. Thats bs. Cause you need at least an 50k job after taxes to do it, if you arent living at home, you can forget it in 3 years. And if you live at home you still need 33k year after taxes, that dont include your food and so on...

I just realized 3 years is doable for me!! Let's go 2026~~

Why is your voice higher in this video?

Buy a house , keep it for 5 years and sell it