As Grant Sabatier went from $ 2 to $ 1 million in his bank account and retired at age 30



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In five years, Sabatier got the money he needed to stop working. Credit: Grant Sabatier

At 24 I was bankrupt. With only $ 2.26 in his bank account and no work, he had to go back to his parents' house.

"I literally managed to sleep in the same bed I used when I was a child," says BBC World Grant Sabatier, author of the book Financial Freedom, which hit US bookstores this week and founder of Millennial Money.

It was the year of 2010 and her parents gave her three months to leave home. Graduated in philosophy and without even getting a job interview, he started thinking about how to make money.

It was then that he set about researching how Google Ads advertising campaigns worked and for a month he learned from home to manage the system – with the courses and tutorials available on the web – and started looking for a job.

"The first time I applied for a digital marketing job, I did it," he says. And from there his life changed. He left his parents' home and set the goal of saving and investing as much money as possible.

In just five years, it raised $ 1.25 million, says Sabatier, of New York.

"I lived in a miserable apartment, had a miserable car and spent most of my time working and saving money."

But of course, all that money did not go through your full-time job. In his free time, he has done online marketing campaigns for several clients.

"At one point I had 13 different sources of income."

After a year, he founded his own digital marketing company and, six months later, the second company in the same category, along with two partners.

"I retired at the age of 30"

"I've put together so much money that I retired at age 30 and today I write on my blog," says Sabatier, now 34.

"I am retired from corporate life because I do not need money, I can live on income for the rest of my life."

It is what Sabatier calls "financial freedom," as the title of his book.

"To retire is not to stop working, it is to do what you like."

In fact, working with digital marketing was not the passion of his life, but he saw it as a way to get money.

"From the beginning, my goal was to raise money to buy my freedom."

"I've never been interested in money for money, my idea was precisely to have financial independence," he adds.

In the end, the key to this whole story, he says, is to save and invest early in life.

"I bought my freedom"

"It took me five years, three months and six days," he says. And the key to achieving that goal is due to several reasons.

"There's a bit of luck, a lot of hard work, being curious and investing well in economics."

Sabatier began investing in 2010, when the market was not going through a good time and had great benefits due to the sustained increase in its investments.

"I saved 82% of my income, I see savings as an opportunity, not as a sacrifice," he adds.

"I realized that for every $ 100 he saved, he was buying six days of freedom in the future."

He says he started thinking about money, not as money, but as units of time, and this opened up a new perspective.

How is it done?

The retired millenarian says that you must follow three steps to achieve financial independence.

1-The more you save, the faster you will achieve financial independence. If you save only 5% or 10%, you will never get that freedom. The ideal is to reach 50%.

But for this you will have to live in a smaller apartment and rent with other people for about four or five years.

2-Seize all the opportunities you have to make money. You have to start with a full time job and do not be ashamed to ask for a salary increase when conditions are met.

In parallel, find other ways to make money that are complementary to your work.

3- Invest what you save.

What did Sabatier invest?

In properties and in the stock market. "The more you invest, the less you'll have to sell your time for money."

He now lives with his wife in New York and, despite being one of the most expensive cities in the United States, he does not spend more than $ 50,000 a year.

"I could spend more, but I will not be happier," he says, explaining that most of the things he likes to do are virtually free, like listening to music with friends or watching movies with his partner.

In the end, he adds, "the more you spend money, the longer you will have to work."

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