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20 Assets Every Adult Should Own

Gabe Bult

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Resources mentioned in this video:

Save on car insurance https://gabebult.co/saveonauto
Top High-Yield Savings https://gabebult.co/savings
Home Insurance https://gabebult.co/home
Renters Insurance https://gabebult.co/renters
Life Insurance https://yt.gbult.co/checklife
Disability Insurance https://gabebult.co/disability
Pet Insurance https://gabebult.co/pet
25 books that changed my life https://gabebult.com/25books-5788
Financial Minimalism Blueprint https://gabebult.co/FMwaitlist

Youtube
Free LIVE YouTube Monetization Workshop https://gabebult.co/theworkshop
5 Hour YouTuber Waitlist https://gabebult.co/5hytwait

Instagram: Instagram: gabe.bult

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⚠️ GENERAL DISCLAIMER
This content is for educational and entertainment purposes only. I am not a licensed financial advisor. Please do your own research and consult a certified professional before making financial decisions.

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20 Comments

@GabeBult Creator 1 month ago Pinned

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@elijahwattssss 1 month ago

Money doesn’t buy happiness but it sure does reduce stress which in turn brings happiness.

@alexwyler4570 1 month ago

1 Emergency fund: 6-1 year living expenses. 2. keep it in High-yield savings account 3. sponsor 4. Books 5. Be excellent at your skill 6. OWN - Americana is dead; it is " Poterville: It's a Wonderful Life" and/or "Biffville: Back to the Future 2". Work at being a Mr Potter from" It's a Wonderful Life" or a Biff from "Back to the Future 2". 7. 8..Retirement account: match 401k 9. No buy anything that is not necessary 10. good credit score 11. rentals ( hard now, tenants can sue you into nothingness) , gold silver, not paper, the real stuff. 12. Paid-off house: access to equity, not smart financially, but shelter is a need. 13. paid off car, buy cash. 14-16. catastrophic insurance: must cover bad car accident or fire. High deductible. 17. Will, power of attorney. 18. 2nd stream of income. 19. Diversification. he has a "Learn to YouTube" workshop.

@calebd.5005 1 month ago

Wife and I just finished our first "no buy week" this week! Hardest part was absolutely using self control not to go out to eat at the end to celebrate 🤣

@Michelle-y4r4q 1 month ago

I did that one month no spending used up all the food in the fridge in the cupboard the whole deal, only due necessities was brought. And wow, what a difference at the end of the month.😮

@SandDune-q7c 1 month ago

First thing you need to do to make money is to have enough money to live for a year without working. Got it!

@mountainman4410 1 month ago (edited)

Let me fill you in on something. If you pick the right career, you can make more money than any of the managers or owners of businesses. The owner of the body shop I worked at was only making more money than me because there were 10 of us making him that money. He also carried all the weight of that business. He worked 16 hour days. He had the tax burden, the insurances and all the headaches. I would work 7-8 hours a day, bring home about 2k a week after taxes. Then I'd do side jobs on the weekend. My pay basically mirrored the owner of the shop I was working at. But I didn't have all the stress and liability he did.

@jeefthefirst 1 month ago

Great advice. Bold choice to film it in front of a noose though.

@StephUsherVO 1 month ago

On the point about books i have recently rediscovered the joy of my local library. Its free and because i have a time limit to read it before returning it, I am encouraged to actually read the whole book.

@evoluzer 1 month ago

Thank you. Great Inspiration

@perrycunningham6625 1 month ago

Thank you for making your content make sense for those outside USA as well. From an Australian.

@WealthMoney-x9f 1 month ago

Most people spend money on liabilities thinking they're buying assets. Understanding the difference changes everything! 🧠💸

@emotionalsupportpinata6452 1 month ago

You got my 👍 for the book you tossed.

@canny8228 1 month ago

As someone who has owned businesses, let me tell you that employee pay is not set because I wanted to "make an additional 60" off of them, but because that's what the market price was for that position. If I had underpaid my people, they would have left and gone somewhere else. So I took all the risk, I made sure my people got paid even if I didn't, and yes, I would take home a nice salary as a reward for starting a profitable company that provided income to multiple families in my town. If the company had failed, I would have lost everything. And I certainly didn't have 40-hour work weeks! So please don't disparage people who take that chance. Thank you.

@Mr.Caligos 1 month ago

Maybe one way of succeeding in life is to build a large financial nest egg that keeps generating profit and then figure other things out like car or house later on in life without risking your financial future.

@RenatoGonzalez-rh4vj 1 month ago

Love your channel bro the thing is many of the apps works only for USA

@ef5842 1 month ago (edited)

My husband is my support but he's retiring. I have a cosmetology license, so I guess I have a freedom skill. Putting it out there is the biggest challenge. Impact to that, my roll will be his, and his roll will be mine, unless he does consulting, part time. Gabe, you exude confidence. I do envy you. Perhaps we should ask you for counseling.

@Okaddict 1 month ago

Good shit

@KimG-m6f1k 1 month ago

What?!?! Throwing away dave Ramseys book is like telling the grandkids to not listen to grandpa! I learn from you, but dave ramseys book literally changed my life drastically. Paid off 72,000 in debt, paid for a car in cash and now have savings. Sure, he could update the emergency fund amount but the advice is sound though not sexy

@bernadettegobbels8649 1 month ago

in the beginning, you feel happy with the product itself. When you go on buying and buying... the satisfaction goes down and you need more and more purchases to feel 'happy". This is how all addiction works. If the satisfaction stays the same... you are 'buying' a REAL GOOD product, or you manage to balance your shopping.