At age 24, Grant Sabatier He had practically no money in his bank account. His $ 5 was not even enough to eat, so he had to go back to live with his parents. In the midst of despair and fear of not knowing what her future would be like, she decided to make a mental change and focus on being millionaire. Five years later, he succeeded. At less than 30 years old, he had a net worth of $ 1.2 million. That was what he did?
The first thing that Grant Sabatier did, and that he recommends that all young people who aspire to be millionaires do, was to minimize all expenses, especially those of housing.
“Live in the least expensive apartment you can, get roommates, buy a two-bedroom property and rent the other room to keep your living expenses as low as possible.”, expressed in dialogue with CNBC.
If one manages to spend little, the ability to save and invest will be greater, which will shorten the road to the million dollars.
Have multiple sources of income
Another point that the young millionaire highlights is aiming to have several sources of income. Complementary work, investment income, sale of products, etc.
“Go out there and try to earn some extra money. You don’t have to go crazy, you don’t have to go out and earn an extra $ 10,000 or more a month. But for every $ 1,000 you earn and invest instead, that’s literally going to cut months off the time it will take you to retire. “ express.
Not lose motivation
Finally, Grant Sabatier emphasizes the importance of not losing motivation and staying focused on the mission of accumulating a lot of money. Although in this case it was only five years, the process may be somewhat longer, so you do not have to lower your arms.
“Look at your bank account every day for 5 minutes. You will start to see your money grow and that is all the motivation you will need “, recommended.