E89 – Grant Sabatier from Millennial Money

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Millennial Money is a personal finance, investing, and entrepreneurship community dedicated to financial independence and early retirement. He鈥檚 been featured all over the place including CNBC, the Washington Post, USA Today and the New York Times to name a few.

Welcome Grant!

[2:51]聽So before we talk about all of your accomplishments, tell us about your rock bottom moment.
路聽聽聽聽聽聽 In August 2010 Grant was back at home after 3 years after College
路聽聽聽聽聽聽 In month 2- had only $2.26 in bank account
路聽聽聽聽聽聽 There were no job prospects or nothing
路聽聽聽聽聽聽 Made a resolution to save $1 million as quickly as possible

[4:56]聽Why did you start Millennial Money?
路聽聽聽聽聽聽 Started in 2015 after reaching financial independence
路聽聽聽聽聽聽 From August it took 5 years 3 months and 6 days to go from $2.26 to $1.25 million
路聽聽聽聽聽聽 The bulk was side hustle income
路聽聽聽聽聽聽 Got a job at a digital marketing agency and learned everything about it
路聽聽聽聽聽聽 Started a few different agencies
路聽聽聽聽聽聽 Keeping living expenses low was the secret
路聽聽聽聽聽聽 Most of the time was spent working

[11:12]聽What was the turning point for you? When did you decide to quit your job and blog full time?
路聽聽聽聽聽聽 Always wanted to be an entrepreneur
路聽聽聽聽聽聽 The person that has a higher perception of value will pay a lot more
路聽聽聽聽聽聽 It鈥檚 important to have a ton of energy

[15:0]聽Wrote a post about good vs bad debt. What鈥檚 the difference?
路聽聽聽聽聽聽 Good debt is things like a mortgage or a home- stuff that has a good chance of appreciating over a period of time
路聽聽聽聽聽聽 Some people say student loan debt is good debt- this is debatable
路聽聽聽聽聽聽 Bad debt 鈥 payday loans, car loans, debt that doesn鈥檛 allow you to leverage

[17:26]聽Where do you think a lot of millennials are making their biggest financial mistakes?
路聽聽聽聽聽聽 Money is infinite your time is very valuable
路聽聽聽聽聽聽 Big trade-offs for money are not the best in all cases
路聽聽聽聽聽聽 Don鈥檛 become a wage slave
路聽聽聽聽聽聽 Believe in yourself
路聽聽聽聽聽聽 A lot of people get stuck

[22:8]聽if you could go back in time, what is something you would change?
路聽聽聽聽聽聽 Big sacrifices with health 鈥 tons of all nighters
路聽聽聽聽聽聽 Ate badly, didn鈥檛 exercise enough
路聽聽聽聽聽聽 There was no balance
路聽聽聽聽聽聽 Being always on call is not great
路聽聽聽聽聽聽 Chilling out can actually help you do better- don鈥檛 get burnt out

[24:27]聽What鈥檚 the plan for the next 10 years?
路聽聽聽聽聽聽 200-300 emails a week from readers- hearing from them changes his life
路聽聽聽聽聽聽 Felt very fulfilled with the growth of millennial money
路聽聽聽聽聽聽 Walked away from a massive salary


[28:6]聽Value link: Check out the Money Minute on Alexa and on iTunes!

Value Link Round

[28:41]聽Why do you think people struggle to achieve their dream?
路聽聽聽聽聽聽 They are their own worst enemy

[29:0]聽What are some of your favorite books/podcast?
路聽聽聽聽聽聽 Your money or your life 鈥 Grant knows Vicky!
路聽聽聽聽聽聽 Financial freedom is on presale
路聽聽聽聽聽聽 Revision History
路聽聽聽聽聽聽 ChooseFI聽聽聽聽 聽

[29:54]聽Do you have a favorite quote?
路聽聽聽聽聽聽 Oh well guess we lose some we as long as the outcome is income
路聽聽聽聽聽聽 Be in love with your life
路聽聽聽聽聽聽 For things to reveal themselves we must abandon our views about them

[30:31]聽Any last advice?
路聽聽聽聽聽聽 Thanks!
路聽聽聽聽聽聽 Keep fighting the good fight!

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