Millennial Money - From Broke to Millionaire in 5 Years

Financial Independence Podcast

The Mad Fientist

Taxavoidance, Business, Geographicarbitrage, Investing, Tax, Earlyretirement, Travelhacking, Entrepreneurship, Travel, Personalfinance, Stocks, Minimalism, Realestate, Frugality, Retirement, Financialindependence

4.8 • 1.7K Ratings

🗓️ 6 February 2019

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode of the Financial Independence Podcast, my buddy Grant from Millennial Money joins me to talk about how he went from having $2.26 in the bank to $1.25 million in just 5 years, 3 months, and 6 days!

We dive into the strategies and tactics he used but we also go deeper and discuss some of the unexpected challenges of FIRE.

We also explore Grant’s new book, Financial Freedom, which is out today and features parts of my own story!

Highlights:

Why you don’t need to hit FI or save a million dollars to get the benefits of saving
How to make the most of your full-time job
Why you should strive for peace instead of money or happiness
How to find pleasure in mundane moments

Transcript

Click on a timestamp to play from that location

0:00.0	I'm blind in you with finance.
0:05.0	Hey, welcome everyone to the Financial Independence Podcast, the podcast where I get inside the brains of some of the best and brightest in personal finance to find out how they achieved financial
0:13.3	independence.
0:14.3	On today's show, my buddy Grant stops by, and I've known Grant for a couple years now, and the
0:19.9	first time you reached out to me was actually before I met him in person and he asked
0:23.3	if I'd be featured in a book and the book's called Financial Freedom and it is out
0:27.1	today so it's a long time coming and I'm excited to chat to him about it because I
0:31.1	know he's been working on it for a long time but I also wanted to get him on the show just to talk about his journey to financial independence because it's a really interesting one.
0:38.0	He was broke, he had like $2.26 in his bank account and he took a screenshot of it actually and in just
0:45.8	over five years he was able to grow his net worth to 1.25 million and he was able to
0:51.1	retire so he has a lot of great information to share about increasing your earnings at your job
0:57.2	and starting side hustles and entrepreneurship and lots of things like that.
1:01.2	But he also has a really interesting perspective on
1:03.0	Phi itself. I know he personally has gone through some of the weird
1:07.0	existential crises that I've found myself going through over the last couple years and
1:11.6	yet he seemed to have emerged, happier,
1:14.0	and more content than ever.
1:15.2	So there's a lot to dive into here.
1:16.8	I'm really excited to have him on the show.
1:18.2	So Grant, thanks very much for being here.
1:19.6	I appreciate it.
1:21.4	Hey man, it's a real honor to be on your podcast.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from The Mad Fientist, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Mad Fientist and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.