We get how it can feel that way, but the real answer is time. You can earn more money. You can’t get more hours or minutes or seconds…or years. The latter — particularly as it relates to compound interest, giving your money time to grow — is just one of the things we dive into with the inspiring Grant Sabatier, a proponent of the “Financial Independence, Retire Early” (FIRE) movement, and author of “Financial Freedom: A Proven Path to All the Money You Will Ever Need.” (Note: If you’re catching up, we’ve talked about FIRE in Episodes 145 and 146.) Sabatier shares his recent journey with FIRE and how he went from broke — literally $2.26 in his checking and $0.01 in his savings — to millionaire to financially independent in roughly five years. Oh yeah, and he’s in his early 30s.
Then, in Mailbag, does going to a more expensive college mean more success? Plus: How to tackle (what feels like) crippling credit card debt. And since we also discuss how to increase our incomes with Grant, we thought it’d be a good time to review some best practices for asking for a raise. Dos and don’ts in Thrive.
Sponsored by Fidelity Investments. Join us for Moms & Money, a candid conversation with moms about this past year and beyond. We’ll talk about the unique financial realities moms face and how you can create a roadmap for your family’s financial future. Visit Fidelity.com/Women today.