I recently had the pleasure of interviewing Grant Sabatier of Millennial Money for my podcast. In case you haven't heard of this guy, he has an impressive story of how he went from $2 to over $1 million in five years.
Oh, and in case you didn't gather from the name of his website, he's also a millennial. In a time when it seems that everyone has an opinion about us lazy and entitled millennials who are doing nothing with our lives, Sabatier is certainly proof that many of the stereotypes simply aren't true.
Here's what I learned about how this one man was able to amass so much wealth in such a short period of time without a handout and without winning the lottery.
Sabatier woke up one morning in 2010 broke, living at home and with only $2 to his name.
It would have been easy to throw his hands up in the air and give up. It would have been easy to blame the government or the economy for The Great Recession that likely caused his circumstances.
But he didn't do that. Instead, he committed to the idea of becoming wealthy. And he committed to the idea of doing it as quickly as possible.
That one moment propelled him to learn everything he could about digital marketing which he noticed was an emerging industry. Within a year he went from earning $50,000 to over $400,000 as a digital marketer.
He took small steps that led to big change.
One thing Sabatier did that was very interesting was taking small daily actions that eventually led to big change. More specifically, he committed to investing $50 a day which he still does when he drinks is morning coffee.
"Fifty bucks a day seems like a lot off the bat, I'm starting with $1 a day," I said.
He responded to me by saying that choosing to invest those $50 every day forced him to do better because he was forced to save money and generate the income that would allow him to keep that up.
The problem, he said, is that many people wait until the end of the month before investing their money. At that point, they either don't have the money or they are complacent with the bare minimum. By investing the $50 a day, he was able to push himself while also proving that small actions can lead to big change.
He pushed through the difficult stuff.
During the interview, Sabatier admitted that becoming a millionaire by the age of 30 wasn't always easy. There were moments like working 100 hours a week or doubts that would creep up every once in a while.
But, like most successful people, Sabatier kept going anyway. And his resiliency paid off because he no longer has to work if he so chooses.
He built (and continues to build) multiple sources of income.
In a recent article for this column, I wrote a piece about how people need to create multiple sources of income if they want to become millionaires.
Sabatier agrees. In fact, even though he doesn't have to work because his investments more than cover his living expenses, he now chooses to work on what he loves such as writing a book and running Millennial Money.
But just because he loves these things doesn't mean he doesn't plan on making money. When he started Millennial Money he consciously made the decision that it would generate income, so he took the action steps that were necessary to make that happen.
Fast forward a couple of years and his passion project is raking in $30,000 a month. This is in addition to his other ventures which also generate income.
It is possible to become a millionaire in a relatively short amount of time. The question, therefore, isn't whether or not it can be done. The real question is whether or not you want to do it. If the answer is yes, then let Sabatier be a shining example of how commitment and hard work pay dividends.