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MarketFoolery

Grant Sabatier, Founder of Millennial Money

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 15 December 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

Starting one of the most popular sites for the FIRE movement wasn’t in Grant Sabatier’s plan when he graduated from college in 2007. But after losing his job during the Great Recession, he was back home living with his parents and struggling to find a steady income. In this conversation, Grant shares how he turned things around, how he became an inspiration to others looking to improve their financial lives, and how he invests his own money.

For more great financial tips to www.millennialmoney.com.

Holiday Song - “Swingin' Dreidel” by Kenny Ellis

Transcript

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0:00.0

It's Tuesday, December 15th.

0:04.0

Welcome to Market Foolery.

0:05.0

I'm Chris Hill.

0:07.0

Something a little different today.

0:08.0

We are having a day-long investing conference around our flagship service

0:12.0

Motley Fool Stock Advisor. So while I am

0:15.3

busy with that, I wanted to bring you an interview I did earlier this month with Grant

0:19.2

Sabadie. You may be familiar with Grant, he is the founder of millennial money, one of the most popular

0:25.4

sites for anyone looking to achieve financial freedom.

0:29.9

Starting millennial money was not in Grant's plan when he graduated from college in 2007.

0:36.2

He had a good paying job in Chicago, but then the Great Recession hit.

0:40.4

Pretty soon he was unemployed and back at home living with his parents.

0:44.4

He spent months looking for a new job, he had no success,

0:49.2

but finally things started to turn around.

0:52.2

There are two things.

0:54.0

The first thing was that it was at this time I started realizing that my parents had gotten a little

0:59.8

bit older.

1:01.8

They were still working, they were stressed about money. I was invited to July 4th picnic actually in 2010 where I went, you know, DC suburbs with a lot of my parents' and I was the only you know mid 20

1:14.9

something there it everyone else was out probably having a lot more fun than me and

1:18.9

the only thing anyone I was listening to the conversations anything Anything anyone was talking about was retirement.

1:24.3

It was this golden pot of money at the end of the rainbow.

1:28.1

Everyone was talking about, when are you going to retire?

...

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