I'm super stoked to get to learn more from Grant at Millennial Money! He has tons of great advice for us in this interview. Find out what his favorite money books and apps are, what financial habits he lives by, details on his upcoming book, and more in this interview!
If you haven't read any of Grant's posts from his site Millennial Money, you're missing out.
Millennial Money is one of the first sites I began reading about money a few years back and it's still one of the best.
I was thrilled when Grant accepted my request for a short interview. He's had some amazing success with money and his site.
I'm personally super excited for his upcoming book next year!
I think you'll love his recommendations and info. Check out his responses below.
What are your favorite books related to money?
What are your favorite apps related to money?
What is the worst money advice you hear?
That you only need to save 5%-10% of your income. It's so pervasive in our culture and it's simply not enough.
What money advice would you give your 25 year old self starting out in life?
Haha, I started by financial independence journey at 24 so I already had learned a lot by then. I’d say "don't forget to stop and smell the roses, the money will come."
I was so intense about making money at 25 that I did little else. I'd tell myself to try harder to cultivate balance and chill out sometimes. :)
Do you have any financial habits you live by?
I spend 5 minutes every morning when I'm having my coffee on my money. I call it my money meditation. It really helps me keep track of what's going on and get in the right money mindset for the day.
I also always try to save at least $50 a day.
What is #1 thing people should do today for a better financial life?
Try to cut back on your biggest expenses (housing) as soon as you can and invest the savings. You can save more money on it than likely anything else.
#2 Save at least an extra $10 today.
Did you overcome any personal failures to get where you are today?
Totally. We all have failures. We all make mistakes. You just gotta keep at it. If one day you mess up or have a setback, pick it up tomorrow.
What was the turning point in your life to become financially successful?
Reading Your Money or Your Life and realizing that I'm trading my life energy for money. After that clicked I committed to try and make as much money as possible.
You also have to want it. Sitting and watching Netflix and checking Instagram for 5 hours a day won't get you there.
What steps did you take after that turning point?
Tried to build an in-demand skill that I could make money using. Something people would pay me for. I chose managing Google advertising campaigns.
What’s in store for us with your new book? What makes your book stand out from the crowd of other money books?
Oh man, it's unlike any money book I've ever read. It's the entire framework you need to make more money and fast-track financial independence.
It's not just what to do, it's also the how so anyone can find something useful. It's a scalable strategy so you can do everything or just take away one thing and it will help you make more money.
It's a holistic strategy anyone can follow. The book doesn't come out until February 2019 (traditional publishing is super slow), but it will be worth it.
I can't wait to reach a broader group of readers and also get the book into schools. I'm looking forward to blowing people's minds!
If you want to learn more about the book and be updated you can sign up here: http://millennialmoney.com/book
It's so much more than a personal finance book (that's only the first section!)