Self Made Millionaire Offers This Advice To Others

Grant of Millennial Money, and yes, he only goes by his first name, had $2.26 in his bank account when he graduated college. Today he is a millionaire.

Grant, 31, told CNBC that the two dollars and change in his account was a “huge wake-up call for me.”

He made a goal then and there to have $1 million in assets in five years.

“As soon as I began this journey, I looked up the best reviewed personal finance books on Amazon,” stated Grant. He has read over 360 personal finance books and the first he read was, “Your Money or Your Life,” by Joe Dominguez.

Grant hit his goal, and had seven-figures five years after he made his goal.

He told CNBC, “The premise of it is that you exchange your time for money. And when you start thinking about how many hours of your life it took to save up the money to buy something, you really start thinking twice about your purchases.”

“Say I work eight hours a day and after taxes, make $10 an hour, meaning I’m earning $80 a day. I want to go out for a nice dinner on Friday and that costs about $80, meaning I spent an entire day of my life working for this meal. And then you start thinking about even larger purchases, like a $1,000 TV, and you think, ‘How much of my life did I trade for this? Is it worth it?'”

This is some pretty good advice for anyone looking to be smarter with their money.