Review: Financial Freedom by Grant Sabatier
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I am excited to share with a review of Financial Freedom by Grant Sabatier. If you are just getting started on your journey towards early retirement, Grant is a millennial who managed to save a million dollars by age 30.
I am thrilled that Grant provided me with a review copy of his new book as I am a huge fan of his work. I am going to keep this review short to avoid any spoilers.
Three Reasons You Should Read Financial Freedom
Grant is the Real Deal
If you have traveled the personal finance blogosphere, you have likely heard of Grant and his killer site Millennial Money where he helps people pursue financial freedom. I won’t repeat his resume and credentials the man is a legend and you can check out his site forth the nitty-gritty details.
I met Grant briefly this year at FinCon. However, it wasn’t until the dust settled after FinCon that I was able to speak with Grant. My first thought when talking with him was “OMG where were you when I was 20.” I was immediately impressed by Grant, and he indeed is on a mission to help people become finally free.
Many books written by financial experts are thinly veiled promotional material to promote the authors business goals. Looking back on the beloved “Rich Dad, Poor Dad” it has covert overtones of promoting real estate investing, and the follow-up books and seminars were less hidden sales copy.
In Grant’s book Financial Freedom it is clear his goal is to help people become successful, he discusses his experience and explains how it is possible. What I appreciate about Grant is he developed the tools, knowledge, and experience, before launching his website and writing a book. He is the real deal.
It’s the Book I Wish I Had in My 20s
Early in my career, I read most of the more popular personal books, such as the Millionaire Next Door, The Richest Man in Babylon, etc. Most of these books do an excellent job of encouraging people to save money, live below your means, and pursue self-employment.
What is excellent about Financial Freedom is Grant chooses to focus on increasing income instead of extreme frugality. Extreme frugality is great. However, it’s hard to sell, especially if you’re not making a lot of money.
When you are renting a converted garage that was turned into a shanty apartment, and subletting the spare room to the business across the parking lot to store paper, how much more can you cut costs??? Sure, we all have those stupid was we waste some money, but cutting back only works to a point.
Eventually, if you want to save more, you need to make more money, and Grant walks readers through how it’s possible.
Looking back, had I had a copy of the book I would be retired, or financial independent by now.
You Don’t Want to Work Forever
In chapter 2 of Financial Freedom Grant asks “if some 90-year old dude offered you 100 million dollars to trade places with you would you do it?” It’s a beautiful way of illustrating that your time is more valuable than money.
Financial Freedom does a great job of stressing that you only have a finite amount of time, you should be spending that time doing what your love. Pursuing financial freedom or FIRE (financial independence retire early) is not about the money or a guarantee that you will never work again. Rather, It’s about creating the freedom to do the work you enjoy and having the freedom to enjoy life.
Financial Freedom is a great book that I recommend highly. Not only is it an excellent book that will help you get your finances on track, but it’s also a great book to give to family members. As part of a retirement plan and financial disaster preparedness plan, I always recommend that while you are working on your finances, you encourage those in your family to do the same. Financial Freedom is an excellent book to gift loved ones or adult child to help them to improve their finances without coming off as preachy or judgmental.
You can pick up a copy (or two) of Grant’s book here.
Cheers to your financial freedom! -Michael
This review is part of a Chapter by Chapter Book Review
- Chapter 1: Money is Freedom: How I Went from $2.26 to $1 Million in Five Years
- Chapter 3: What Is Your Number? (It’s Probably Less Than You Think)