Millennial Money - From Broke to Millionaire in 5 Years

02/06/19 • 57 min

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

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

Previous Episode

Tony - Going Back to Work After Early Retirement

It’s easy to think that early retirement will be the answer to all your problems.

After all, how could you not be happy when you don’t have to work anymore?

I’ve written about why early retirement is not a magic bullet but what if it actually makes your life worse?

On today’s episode of the Financial Independence Podcast, I interview a reader named Tony who found this to be the case.

He’s since decided to go back to the same career he retired from and is enjoying work (and life) more than ever.

During the interview, we dive into the overlooked benefits of work and the downsides of early retirement.

We also explore serious issues that aren’t talked about enough, like depression and mental health.

Huge thank you to Tony for sharing his deeply personal story with us.

Highlights:

The benefits of having a job that are hard to find elsewhere
Why early retirement won’t magically fix all your problems
The importance of building human contact into your early retirement plan
The dark side of having a driving passion and purpose
Signs that you need to seek help for your mental health problems
What it’s like going back to work after early retirement
The Office Space Effect and how FI can make you a better (and happier) employee

Next Episode

Cal Newport – Deep Work, Digital Minimalism, and the Key to a Happy Retirement

On today’s episode of the Financial Independence Podcast, I’m very excited to introduce author Cal Newport!

I’ve been a huge fan of Cal’s writing for many years so it was a treat to get to talk to him.

We explore many important issues related to early retirement that aren’t often talked about so if you’re thinking about retiring early (or if you already have and are struggling to build the life that you envisioned before leaving work), today’s episode is a must-listen!

Highlights: