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Millennial millionaire who retired at 30 explains the sacrifices he made to get there
Millennials already withdrawing from their nest egg
A study found millennials are dipping into their retirement savings to either buy their first home or to pay down personal debt.
When he achieved financial independence at the age of 30 in 2015, Grant Sabatier knew his story was extreme.
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The now-34-year-old had saved more than $1 million in just five years – after starting with a balance of $2.26 in his bank account.
“I’m an outlier,” Sabatier told FOX Business. “I am the exception to the rule.”
Sabatier is a follower of the F.I.R.E. Movement — which stands for Financial Independence, Retire Early. However, he still works and makes money by writing financial advice for his blog, Millennial Money and through speaking engagements and sales of his book, Financial Freedom.
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“I think the traditional concept [of retirement] is really outdated and I think within the next 10 years we won’t even talk about it the same way that we talk about it now,” Sabatier said. “All it means for me is, once I became financially independent at 30, I started paring off all those things in my life that I didn’t enjoy doing and started focusing my life around the things that I really wanted to do.”
“I still work really hard, [but] it’s mission-driven work as opposed to making money work,” he added.
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