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grant sabatier

All the Money You Will Ever Need with Grant Sabatier

Today is our 200th episode of the main show. Thanks to all our listeners for downloading and leaving reviews! We have a spectacular guest for this milestone.

Finance is one of our most popular topics on The Dad Edge. We go through years of education and training for our careers, but we’re never taught about how to best use the money we make, and sadly, we rarely take active steps to find ways to increase our income.

Grant Sabatier is the founder of MillennialMoney.com and is financially free at the age of thirty-five. He says that the “old school” retirement narrative is obsolete and is with us to talk about his book Financial Freedom: A proven path to all the money you will ever need.

Get ready for early retirement!

'I think financial literacy is a human right.'—@sabatier @millennialmoney #finance #money #investment Click To Tweet

Grant Sabatier

Grant Sabatier is the Author of Financial Freedom (Penguin Random House) and Creator of Millennial Money, which has reached over 10 million readers.

Dubbed “The Millennial Millionaire” by CNBC, Grant Sabatier went from $2.26 to $1 million in 5 years through entrepreneurship, side hustling and investing. After reaching financial independence at the age of 30, Grant Founded MillennialMoney.com, where he writes about making and investing money and co-hosts the Financial Freedom podcast.

Grant has been featured in over 200 international media outlets including The New York Times, The Washington Post, National Public Radio, Money Magazine, ABC Nightline, Chicago Tribune, USA Today, Inc. Magazine, Forbes, The Sydney Morning Herald, and many others.

'You want to make your money-making engine as powerful as possible.'— @Sabatier @millennialmoney #money #finance #investment #retirement #FI Click To Tweet

What You’ll Learn

  • What inspired Grant to make it his sole focus to make 1 million and retire as soon as possible
  • How in 5 years he reached his goals and had 1.25 million invested
  • What Grant learned about himself during his journey
  • How he lived off of 20% of his income and used the other 80% to create an escape hatch
  • How money is infinite, time isn’t
  • Why we need to disrupt of the traditional narrative of trading time for money
  • How Grant’s Financial Freedom book is the path to all the money you’ll ever need
  • Using money to live the life that you want
  • The 7 steps financial freedom
  • How most people don’t even know what financial position they’re in
  • Buying time for yourself by saving up enough to cover expenses from months to years
  • Why you’re making a lot less than you think
  • How the finance industry is incentivized to keep you in the dark
  • How Grant dedicated his life to becoming financially independent by reading over 400 money and investing books
  • How chasing money can cause you to miss out on life and stop growing
  • The inaccuracy of projections on what you need to retire
  • Why you should revisit your retirement once a year
  • Taking compounding interest to the extreme
  • Grant’s advice to the guy who is stuck in the paycheck-to-paycheck loop
  • How to diversify your skill set to optimize your income at your full-time job
  • What house hacking is
  • Are homes good debt?
  • The benefits of investing in real estate instead of stocks
  • How to make your first home the best investment of your life
  • How families can reduce food costs
  • How to have conversations with your spouse about money
  • Practicing money mindfulness
  • Spending in alignment with your values
  • Why you should give yourself a 30-90 waiting period before making a large purchase
'Don’t wait 40 years to live your life. Live that life today.'— @Sabatier @millennialmoney #money #financialfreedom #investment #earlyretirement Click To Tweet

 

MENTIONED EPISODES:

How to Optimize the 5 Dimensions of Manhood

The Easy and Effective Way to Budget for Your Goals with Jesse Mecham

How to Quit Your Job in 12 Months with Ryan Enk


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Grant Sabatier’s Links

millennialmoney.com

Book release Feb. 5th, 2019: financialfreedombook.com

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TT 86 - Building Wealth How to Grow Money

Building Wealth: How to Grow Money

Today we’re going to talk about not just saving money, but building wealth. It’s easy to get caught up in daily life and neglect strategizing for the future, but if we don’t start actively building wealth now, we will be in trouble later in life. Here are five tips that will give you a solid foundation to build on.

Check out these 5 tips to start growing your money right now! #money #finance #men #fathers #dads Click To Tweet
  1. Automate retirement savings – We are 82% more likely to save for retirement if it’s automated. 10-20% of your pay needs to go into your retirement.
  2. Take advantage of company matching – If you can’t afford to put in your 401K the 10-20%, at least put in whatever your company matches. Don’t pass up free money from your job!
  3. Think outside your 9 to 5 -You don’t want to rely on your current job for 100% of your revenue. Get some side hustles going. Diversify.
  4. Pay yourself first – Take care of your primary needs before paying for extras.
  5. Invest in YOU! – We spend money on all kinds of stuff, but rarely splurge on something that will improve ourselves. Don’t scrimp when it comes to a personal development book, online course, or coaching. Most of important of all, don’t feel guilty for time and money spent on yourself.

Reminder: We are changing the name of the podcast to the Dad Edge Podcast. There will be no change in the content, podcast subscriptions, or the website. You’ll just see the new show name and logo for 2018. Let us know what you think of it!

 

 

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RELATED EPISODES:

Quick Wins for Big Money with Scott Alan Turner

The Power of a Side Hustle with Matt Miller


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

 

Links


Create an Epic Life

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Dad Edge Alliance

family financial success

6 Ways to Set-up Your Family for Financial Success

Talking about money with your spouse is always tricky. This is why we avoid it at all costs, but that only leads to more tension because spending issues go unresolved. But, when we come together with our spouses about finances, it’s a beautiful thing. We have more intimacy in the relationship and we are happier when we succeed in reaching financial and family goals together.

Today I’m going to highlight a discussion we had in the Dad Edge Alliance with financial guru and Your Income, Your Life author Jeff Bouwman, and share six ways we can have peaceful conversations about money, lifestyle, and spending habits.

1. Carry Cash

In our society, it seems crazy to carry cash, but you can reduce your spending by 12-20% by using cash for coffee, restaurants, or groceries. These little items you buy when you’re out and about sum up to the second largest expense to the house payment. If you pay for these items in cash you spend less because you question the purchase before you make it, and you won’t buy it unless you have the money in your wallet.

2. Create a Yearly Family Plan

Once a year, gather your family, sit down, and start talking about the things you want to do in the coming year. Create an annual goal for vacations and experiences. Estimate the cost for each one and prioritize it. Agree to save the money needed each month to fund each goal.

3. Talk to Your Spouse Like This

When you approach your spouse about spending, don’t put the spotlight on her. Recognize that the only spending behaviors you want to focus on are your own. We identify our own bad habits first and how we can change them. Then she will probably offer to find where she can improve as well.

4. Recognize Value

Although you are trying to save money, don’t scrimp on the things that are important to you. Spending money on things like filtered water, exercise equipment, gym memberships, or organic food is costly, but nothing is more important than your health and wellbeing. Investing in quality items intelligently will avoid costs in the decades to come.

5. Talk About Spending Before It has to Happen, and Not After

If appliances or electronics seem like they’re on their way out, prepare for it. Talk about the fact that you’re going to need to save money to replace them.

6. Look at Budget as a Forecast

Usually people don’t view a budget as a good thing. It’s important to be open and reward yourself. Spend some money that you saved and enjoy it once in a while.

 

RELATED EPISODES:

How to Pay Off Debt and Create Financial Security for Your Family with Jeff Bouwman

Porn – Why We Watch It, When It’s a Problem, and How to Stop with Nell Daly

How to Commit to Life Goals the Navy SEAL Way with Thom Shea


Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance

financial problems

Transcending Financial Problems Once and for All with Damion Lupo

Is our money really safe in the stock market, IRAs and 401ks? Or is it best to diversify? What is it Wall street doesn’t want you to know when it comes to your money? Financial mentor Damion Lupo reveals the astonishing truth about how investment works to help us take total control of our money and transcend financial problems once and for all.

Most of us go on auto-pilot when it comes to our investments. We’re too busy. We don’t educate ourselves on all the financial products. Many of us put all our eggs in one basket because that’s we feel it’s the safest bet. Also, most of us are unaware that we are paying fees that will add up to hundreds of thousands of dollars over the years.

Damion Lupo

Raised in Alaska, Damion is part Alaskan, part Texan and 100% Reinvention. He’s a four-time college dropout who cut his teeth in the trenches of real life, becoming a self-made multimillionaire by age 25.

He’s the founder of Yokido, holds a black belt in Aikido, is a practitioner of yoga and a student of Reiki. He’s a lifelong student of Austrian economics and runs a precious metals company based in Austin, Texas.

Currently, Damion spends his time teaching and lecturing on the art of Reinvention with his unique teaching style focused on his personal life experiences and the process for developing consciousness and awareness to the truth.

Damion’s story

Throughout his life, Damion was always pushing the limits. His father tried to put structure in place, but Damion was always looking for the edge. His conservative dad believed in getting a degree and landing a government job and was scared when Damion left college to go out on his own in investing.

Damion experienced unbelievable success and devastating failure. He had millions in cash. Feeling invincible, he doubled down, found bigger deals, and got into debt. Instead of being patient, he stopped listening to other people. Within a year, he was bankrupted and his properties were in foreclosure. Things unraveled. He didn’t have the right people around him. He spiraled out of control and his health fell apart.

Damion remembers one of the last conversations he had with his father. With only a few weeks to live, his dad confessed to Damion that there were just so many things he wanted to do. In that moment, Damion realized that he was going about his life wrongly. He didn’t ever want to have the same regrets at the end of his life, and he didn’t want anyone else to either.

Making it Back from Failure

Damion says, when you’re accustomed to success, you have no failure to reference. Most men pretend everything is okay. Damion hid from the world and reality and it took a couple years for him to look at what was real. A lot of it was that he didn’t know what he was doing. Could he ever be successful again? Was it all luck? His confidence blew up. He doubted that he ever had any ability. He had to ground himself and find out who he was. If our self-worth depends on the success and we lose that, we don’t know what our identity is.

Making money is easy but it will go away If you’re not right in the head and you’re not right in the heart.

He shifted his focus. Instead of dollars and shiny cars, he lives for purpose and seeks to touch lives. He realized that he was not his balance sheet. He was not his mistakes. The key was asking for help. He struggled with his therapist before finally acknowledging all the carnage he created. He took 100% responsibility for everything. That was the biggest shift. 

Finances and couples

60% of divorces are from financial stress, but it’s a taboo for men and women to come together on it. They avoid facing financial problems, it becomes bigger, the relationship suffers.

The natural masculine desire is to be in charge and take care of the family. Sometimes, when we’re not sure of where we’re going, we just make it up. We don’t want to admit we have no idea how to provide for our families.

We have to realize that our spouse is our teammate and that the only way to fix the problem is to start being real about money. What are we spending it on? Why? What are the things we really care about?

One of the most powerful thing a man can do is admit he really doesn’t know about the intricacies of investments. Then he can find people who will tell him the truth and show him what he can’t see. This breakthrough will build the confidence to run the household without the fear.

Financial freedom is not money in the bank. It’s confidence. It’s your mission.

Transcending Financial Problems with a QRP

QRP stands for Qualified Retirement Plan, in which you are in charge of designing your plan. You can avoid taxes and fees while keeping all your profits in your plan. Damion says that his powerful financial tool is rarely heard of because Wall Street would close down if everyone switched to QRPs. He quotes John Bogle as saying that 80% of investment profits go the financial institution that had none of the risk and only 20% goes to the investor. Their fees chew the majority of the money an investor would make. The system will not talk about alternative investment strategies like QRPs to ensure their survival. They are protecting themselves.

Total Control Financial and the QRP

Damion Lupo and his team have an exclusive offer for The Good Dad Project audience. Go to totalcontrolfinancial.com/gooddad to get the QRP report, a free ebook, and the first year’s fee will be waived. You have nothing to lose. Take the first step toward true financial freedom.

Mentioned Episodes:

The Unexpected Secrets of Men, Women, and Sex with Nell Gibbon Daly

Why Your Ego is the Enemy with Ryan Holiday



Resources

==>NEW!!<== Grab a copy of The Dad’s Edge AUDIOBOOK on iTunes or Audible

GRAB A COPY OF THE DAD’S EDGE HERE

Join our Dad Edge Group on Facebook Request Entry Here

We have new Dad Edge T-Shirts!  Grab one HERE

Download a free chapter from: THE DAD’S EDGE on UNLIMITED PATIENCE HERE

Check out this free resource on: CONNECTION WITH YOUR SPOUSE

Download this free resource on:  CONNECTION WITH YOUR KIDS

Links

Damion Lupo’s Links

Website

Facebook

Twitter

Total Control Financial’s Links

Website

Facebook

Twitter

 


Create an Epic Life

join The Dad Edge Alliance

CLICK HERE!

Dad Edge Alliance