This millennial saved $1 million in five years and retired early | FIRE Starters: MarketWatch
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- เผยแพร่เมื่อ 3 ก.ค. 2024
- Grant Sabatier, creator of Millennial Money and author of Financial Freedom, was broke and moved back in with his parents after college. Then he set a goal of reaching $1 million as soon as possible and achieved financial independence.
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Well he made 200,000 a year so, start there guys.
He definitely made more than that.
Kevin Mott 😂😂😂😂😂
@@animerocks2468 Not neccasarily. He could've invested lots and got good returns.
Kevin Mott Basically. Lol
Krabby Krabby You still need income in order to invest. Income doesn’t appear out of thin air
1. Increase your income (ideally to 6 figures)
2. Side hustle to supplement your income
3. Fund emergency fund, the. Invest, invest, invest
4. Live like a broke college student while you’re young $ single; if married, pray you picked the right spouse
Every single one of these guys that "retired" early, runs a business telling you how to retire early. They didn't retire, they started a new business selling the lie that they retired. This is an ad.
Even taking it at face value, the guy's learned how to make web sites that don't suck. You know how hard that is? It's really, really, really hard.
@@alexcarter8807 That isn't what he is selling. Must be a reason for that.
@@gilbes1139 They are selling BS.
That's actually very much not the case. Theres groups of thousands of people that have retired early. It's just that the ppl who will be covered in news articles will of course be the ones that want to publically talk about their lives, so they have blogs and podcasts.
And besides, "retire" doesnt have to mean "never receive another dime again," if you retire at 30 you're probably going to want to keep doing productive things of some sort, and sometimes that means some money will come in. By retiring, these people mean that they have freedom to decide when, how, and why they work, instead of caring about the money.
“My mom is 82 and still waits tables” - he cool with that?! After he got to financial independence....why didn’t he change he that?
saratheamazing99 Right ? This greedy bastard can’t help out his 82 year old mother so she doesn’t have to work .
She probably enjoys it. It can be quite lonely at 82.
I wouldn't let my grandma lift a finger if I had the money. She is gone now (both are) but I would never have her wait tables.
Thomas Reedy no in the context that he was saying that he was definitely implying that she does it out of necessity because she didn’t prep for retirement.
@@idobackflipz or that she didnt have thr option of preparing for retirement and was told the lie that many of then were told: Social Security will take care of everyone in old age. He's a selfish idiot for having money but not working to even support her. I dont know their dynamic, but how can you have someone create you and not support them?
There's a couple on TH-cam that make money off their channel while promoting the fire movement. I think that the fire movement just gives people the freedom to work as they please without killing themself with hard labour or 9 to 5 jobs. Kudos to them.
Please keep these FIRE videos coming!
yes please
Eeeee
Annnnd all the idiots that bought into this stupid scam just lost everything they worked for.... congrats on this, seriously
Your financial free, your son’s financial free, and the matriarch of the family waits tables 🧐🤔
Right. Something is wrong with this picture.
Sincere 7 not everyone wants to be at home. Even people that love their job want to be there. The purpose is to be happy with what you do. He sacrifice his time to build for them. The mom if she didn’t want to she doesn’t have to work, but she wants too
Voruto Uzamaki that’s understandable
What you guys are probably missing is the level of toxicity in the relationship between the father and his mother. Do you guys not have any ratchet ass family members? People who want to stay in the ghetto or in the trailer park? The people who don't want to help themselves?
ineedhoez true I know it can be more to it then that I was just looking through my own lens and not considering all the other variables
4:13 most awkward father and son hug lol
Absolutely, it seemed more like total rejection from dad!
ruanorafa he was actually gunna choke him for revealing his grandma still waits tables 🤣
What the hell was that ? He was like hey bro don’t do that anymore .
Kudos to him He learned his lesson and took action.
With the right financial plan, early retirement is possible. Most investors hope for the best from their investments, but base their financial goals on unrealistic assumptions.
The reason more people don’t retire millionaires is because they are more focused on their short goals and enjoyments than planning for the future.
My stocks and crypto portfolio are enough to get me an early retirement.
@@bernardogutierrez8392 The risks in these investment is what I can’t deal with, it’s why I mostly focus on properties. I’m considering it though, I should put some cash to work.
@George Miller I totally agree with you bud, i made the most profits this past months not just with stocks but other profitable ventures with the guidance of my FA Frost Hilda. He’s helped me build a portfolio of shares that has generated a decent return of $400k. This strategic investments has increased my annual earnings.
Picking the best in any category requires some work.
He's only in his 30s? Holy cow what did this dude do to his body
Wondering the same thing. Take some of the free time and walk every day, for goodness sake! Perhaps lay off the fast food? Unfortunately, his body belies the freedom of which he speaks.
Guys the dude really said he worked almost 100hours a week to the point he got burned out.
@@edercortes1960 probably just sat at a desk and inhaled sandwiches and only moved to go wee wee. Now that he has achieved success, hopefully he will some time to work on himself. I think he wull.
Geezz he doesnt look that old. I would say late 30's. Usually fatter people look older.
some people just don't age well, when you hit your 30s you'll see who got the good genes or not
"My mother is 83 and still waits tables." If you're well off, and your mom still works at 83 because she has too, you suck at being a son.
Tell me about it. If my mother was waiting tables, I would not be able to sleep at night.
Some like to work moreso than sit at home
@@Xiferr at 83 if you can work, you can get out and enjoy the rest of your life. Who said anything at all about sitting at home?
Just putting this out there. Some people can’t be helped. I bought my mother a car, got her into a nice house and furnished it all. She still goes to crackdens and disappears for weeks at a time I figure she will be waiting tables if she makes it to 82 living in a house I pay for.
@@Austinadcock damn thats sad.
82 year old mom/gran with "rich" son and grandson is still waiting tables? Thought I'd seen it all
mom
The odds of succeeding at FIRE declines drastically when someone choose to have a family. Being single seems to be somewhat realistic.
FIRE stands for what? Financial freedom?
GenEmperor FIRE = Financially Independent Retire Early.
@@TheBlackwoods. check out Our Rich Journey on TH-cam. They have two kids and achieved FIRE while living in California. They live in Portugal now.
@@TheBlackwoods. there's one where the family has FIVE children haha
Really true, when on has a family it becomes more challenging. Most fire people are single or not married.
*I have heard of this person before. Thanks for sharing this!* 👍
what an amazing story! thanks for sharing.
Awesome message 👍
Life is a beach and money is freedom. Well said! Super inspired.
Sorry, Grandma, but you'll have to work at the diner tonight, you didn't save during WW2.
@@LitoGeorge I was thinking, why aren't they both helping out grandma?
Right? Why can't you guys help out your own mother and grandmother in her golden years?
LitoGeorge well their fat little son moved back into their house in his late 20s and leeched off them while he became a millionaire. Probably didn’t even pay rent. Anyone could become a millionaire makin 300k a year while paying zero bills and working from a computer in your parents basement.
@@jstreet7204 'their fat little son' 😂 the internet is so savage man. 🤦🏾♂️😅
Lol
I literally only clicked this just to see how much he made, but I give him props for still saving that much up
its in the title
@@rawjor how much he made a year
Great video thxs
He's a smart and inspiring man. I watched this video and I feel like doing more and reaching for the stars.
Why in the world are they labeling this guy as a millennial? He looks like he’s pushing 50.
He just aged horribly, probably due to overworking. Look at his picture in the beginning of the video, he looked 20 years older now
If you’re born anywhere from early 80s to early 2000s, you’re considered a millennial. Depends on the research group
That is what I want to know too!
@@jnrx2007 His mom is in her eighties. He is not a millennial!
Michelle No, that’s his grandma
Very inspiring👍🏻
Amazing ending message! You are already free 💫
These are topics you should upload more of
I like his view on many things. I have my eye on $1Million too. I was in debt 70k three years ago and now have six years living expenses saved, seven to eight if I become more frugal.
okthennone what was your secret?
MrTurbo87lx I put my head down and worked. No friends. Dates or anything. Track net worth daily. Hustle and find new jobs to make money any way you can.
Congrats! Getting rid of 70k debt is a huge accomplishment. We can't save that much in Brazil without killing safety, but we still save a lot. If our plan to move to a safer country works fine, I'm back to cheaper accommodation and to doing everything on a bike and public transportation.
🙌🏿🙌🏿🙌🏿💯❤️
@okthennone, Congrats on your success. How's it gone in the last 2 years? Since this video was published, I'm up $685K. It took a toll, however. I think I have 1-2 more years of work before I'm done.
I love how everyone is commenting what they would be doing if they had his money but they arent out there making/saving $1 million in 5 years to do it themselves.
That's an amazing teak credenza and walnut lamp. Well done.
If your making 200k a year then you should be able to save enough or invest to become a millionaire.
Wealthbuilderz TV Right! Even if you are making 100K a year, with frugality, there is NO reason why you wouldn’t be able to invest enough to become a millionaire. It’s not super impressive, cause he’s a high earner
Yeah. I’d like to see more of these videos with people with average salaries, 30-50k. That would actually be interesting. No disrespect to the guy, it’s a great accomplishment, but a guy making 200k a year being able to save a million dollars isn’t super impressive.
The skillset built his portfolio. It's the skills that got him to where he is. Congratulations!
I had the opportunity to meet Grant last Summer and read his Financial Freedom book. Would highly recommend, and great guy!
Nice story 💯
he went all out
What the FIRE movement speakers never tell you is that they also make a significant amount of money telling other people about FIRE
Thank you for telling the half never told, great info.
So what? Lol
Goodvibes Improvement which literally means they’re lying about ‘retiring early’...
Saved $200,000 a year. Well. Good for him. Not what the average person can do..
Thanks
why would you let your 82 year old grandmother wait tables
Maybe because she didn't save for retirement and can't live from social security alone?
I get the sentiment. But how is he ‘letting’ her? We’re all individuals at the end of the day.
I know old people who refuse to stop working. She probably does it for fun.
@@LitoGeorge I said probably. That's not an assumption.
It's good for her to keep moving and staying active or she will probably die so there's that
Impressive, i always felt the key to early retirement is making sacrifices, you don’t need that new Tesla or that new vacation house in Cabo, instead why not set up an investment plan with your financial advisor. I did the same and I’m rounding a million currently, I’m sure in the next 5 years I’d have 2 million in my portfolio🤞🏻
If you ask me that’s a real fire starter move
Great work, I just made my first investment in Warrens BRK-A, pricey I know but it’ll definitely be worth it in a while.. you mentioned an adviser. Do you do referrals?
Wow. A million!! You must be really wealthy ma’am. Congrats with your wins
@@vanhall9513 scam
🙌🏿🙌🏿🙌🏿❤️❤️❤️💯
SCAM SCAM SCAM!!! This is a very common scam format on TH-cam.
Wow. This man is putting in work!
Lol that awkward hug 😂
I love the FIRE movement! Grant's book was awesome, I personally love investing in real estate to create passive income, but there's definitely different ways!
How do you invest in real estate?
@@veeno3983 Hi Vee No! I buy properties to hold for the long-term and put renters in them. I have lots of videos on my channel about it, if you're interested. 😊
It's a very motivational video. Thanks a lot for sharing it with us. 😍😍😍😍
He said I was 24 and completely broke like that’s not normal! 😂
Super cool music, man.
Great video.
That was a great video😁
Good job 👏🏽
Your MCM furniture rocks!
Every time I see this guy, I always think he doesn't look too healthy. I think he paid with his health and wellbeing for financial freedom, which I don't know if, in his own case, was really worth it.
Lesson from this video is to have a trade skill to earn good money first. The essential ingredient to a successful financial planning is money.
Wow that’s amazing!
He did great - now he should look after himself to get fit
I don't know what the fire movement is but I'm about to find out .
Sounds like you had a great network and a good mindset and discipline. Great inspiration story.
This guy like most financially successful people are financially independent but they are not retired or have time freedom. To me retirement mean time freedom, which is when you stop trading hours of your life for money. Its when you live on the income you net worth generates which is living on stock market gains and/or real estate rental income. Financially independent is when your net worth is high enough where you can retire but you choose not to. Never the less its quite impression to reach financially independent at such an early age. For me i'm trying to reach early retirement/time freedom.
I love it!!!!
Gorgeous MCM furniture in this apartment
Great job! If I had his skills, I would continue doing what I’m doing.
I don't understand how a man well off can be OK with his mom waiting tables. What a great son! 🤦🏾
Some people are still working just so they can remain active, not because they need the money 🤦♂️ My grandmother worked at a butcher shop well into her 80's because she loved doing that type of work.
Awesome. Love it.
I do notice not a lot of these fire people seem to have kids though.
This guy speaks alot of common sense. He has it figured out.
Where did you learn to make the website campaigns, do you have any resources you could recommend. Thanks.
How does this firestarter savings plan work? What do you do how you start doing this?
Awesome
Wow he is a smart man
I wouldn't stay with a spouse wanting a different lifestyle
For real I think he married a gold digger.
@@AK-47ISTHEWAY Guess what? Women are actually allowed to do things to make their own money. How are things on your planet?
Lol shows you how stupid lawyers can be. A 50,000 dollar website. Lol
very balanced perspective. FIRE won't give you a full life, it just allows more space for those things that DO make up a full life
I try not to judge other people's lives but I'm a little confused how he lives in a whole different city than his spouse. I love the hustle he had to get where he is today.
This video is about his money and the money journey not the spouse. Focus on what's at hand, and focus on it only, anything else is a distraction from the goal
I watched this 3 times
This guy is the real life successful version of Alan from The Hangover
Bruh, does your grandma like waiting tables or does she "have" to? Because if she has to, your dad has to step up.
He said his mom...Why would the woman be the grandma while the man is the dad? Dod that make sense to you?
He is 50 with dyed hair and hoodie to look like he's in his 30s and a millionaire.
ANDREW Garcia lmaooooo
ANDREW Garcia lol
he's only 35!
😂😂😂
🤣🤣🤣🤣🤣
He walks like Alan from Hangover
My mind is still blown he got that first property for 62k, in Canada it would be 150 minimum and I don’t even live in Vancouver/Toronto.
Still good for them they’re setting a good example.
Yeah but you are talking Canadian pesos 😊
@@briaf3370 When you adjust for our dollar difference which is about .25% it's still 77k Canadian so basically you could buy 2 houses for the price of one where he lives.
There are many homes available for that price. There are foreclosures everywhere too.
Felt bad to see his dad pull away at 4:13 when he tried to hug him. That’s tough to see on a father son level but overall great story!
JakeandJesset my dad is the same way, haven’t talked to him in months and I’m now 20 and my girl sees it and hates him for that but it’s normal to me and could care less now since I’m on my own
It was a cut scene, hard to say what preceded that.
They don’t seem to have a great relationship. It’s very common between boys particularly first born sons and dads.
It looks like he smells really bad so his dad was probably offended by his body odor.
This is Inspiring! People must realize money is a tool, nothing more. With enough of this “tool” it makes the job of life much easier but doesn’t provide happiness. I see these videos and almost all of these FIRE people are single or a couple, almost none have a normal 4-5 person family. I always think what happens when you start Having kids? Kids are expensive AF.
Money means nothing if you die and never get to spend it.
The fact that he can save money really helped me out. So many New Yorkers believe that they can't save money because they live here.
Alicia Weenum it’s not true. I lived in NYC for 7 years and I still saved. I would argue it’s more reasonable because you don’t need a car and have flexibility in apartments with roommates (which isn’t frowned upon in your 20s there).
Emily Browning studies have shown that it takes people who live in NY up to 10 years to become financially stable. I’m constantly seeing the financial make up of people and a large amount of them have little to no savings. That’s why I said many and not all.
Cover people who started with a regular job, not making 6 figures per year, with a family.
This I would love to see.
Damn, his partner is a money drain lol he said he could easily live on $30k on his own but he's planning to spend $125k this year living with his partner.
@Nathanz.18 What is MGTOW ?
@Nathanz.18 it's not a woman thing, it's an upbringing thing and where you choose to live. $1 does not equal $1 everywhere
He’s whipped. #mgtow #dontbeasimp
@@nathanz9296 Can this apply to women too? I've been traumatized by my man-child ex and never again will I look at, date or marry a man ever again!
I did not mean to start a shit storm guys. I just thought it was humorous how a guy that could live on $30k is with someone who spends $95k on his/her own lol
1 year in and he is making 6 figures building websites thats pretty good but I dont know how common that is I work in I.T. programming on a mainframe (yes I am that old)
makes me question what I was doing during the time he was able to learn a skill set and save a million
Simply amazing, I love stories like this one. I'll be retiring within the decade 😁
Yes me too!
Walks like the terminator.
My question is “how“ did you build websites
chris callihan by learning to code
He never mentioned it was coding that got him to where he’s at ..
Great for this guy, because I've tried building websites and it's *really fucking hard* to do!
selling a 50k$ website? what?!
In 2010 weren't there free downloadable software available so that anyone with a business could make their own websites? I just never understood how there was money to be made in this anymore by that year unless if you had a huge college background and were specifically employeed by like Target to be a part of a 100 man team to maintain an "innovative" high volume website. That to me is a different level then just throwing up a page with some contact info and not really needing transaction encryption programming and licensing.
I’m studying to be a web designer In my hometown community college. Any tips for me
2:47 That marriage won't last or they'll go broke together
My thought as well. It rarely ends well
Interesting
My 5-year income isn't even anywhere near 1M
Definitely not missing any meals.
Looks like he missed a few showers, though... 🚿 🧼🛁
Wow I have never built a website but I’m literally going to google that and get started this is legit
Ted Rush don’t do that. This was literally many years ago when building a website was harder and more expensive. Now it’s not
Ted Rush click funnels
I need a skillset
Ted Rush ok but get a skill set that pays highly
That’s crazy I live 45 mins away from your parents house that’s motivation I’m 25 it’s all about longevity and freedom
Probably should’ve have edited that whole father scene out. How many bummers can you count during that section?
I literally dont know what to do with my life..
He said he can live on 30k a year but his partner wants to live a different lifestyle, so he will be spending 120k in one year.