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Millennial Millionaire: How To Retire Early
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This is the biggest barrier keeping you from retiring early, says a millennial who saved over $1 million to retire by 30.
In 2010, Grant Sabatier, then 24, had only $2.26 in his bank account. It wasn't even enough for him to buy lunch at Chipotle. He knew things needed to change, so he set a goal for himself on the spot: Earn $1 million and retire as early as possible.
And he did it: Sabatier boosted his income to more than $300,000 per year and managed to save around 80 percent of what he brought in, which he invested in the market.
Only five years, three months and six days later, Sabatier reached his goal with more than $1.2 million saved. That was in 2015.
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Millennial millionaire: This simple strategy can help you retire decades earlier than you ever thought you could | CNBC Make It.
In 2010, Grant Sabatier, then 24, had only $2.26 in his bank account. It wasn't even enough for him to buy lunch at Chipotle. He knew things needed to change, so he set a goal for himself on the spot: Earn $1 million and retire as early as possible.
And he did it: Sabatier boosted his income to more than $300,000 per year and managed to save around 80 percent of what he brought in, which he invested in the market.
Only five years, three months and six days later, Sabatier reached his goal with more than $1.2 million saved. That was in 2015.
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
#CNBC
#CNBCMakeIt
Millennial millionaire: This simple strategy can help you retire decades earlier than you ever thought you could | CNBC Make It.
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