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Financial Freedom: A Proven Path to All the Money You Will Ever Need
The International BestsellerNew York Public Library's "Top 10 Think Thrifty Reads of 2023""This book blew my mind. More importantly, it made financial independence seem achievable. I read Financial Freedom three times, cover-to-cover." —LifehackerMoney is unlimited. Time is not. Become financially independent as fast as possible.In 2010, 24-year old Grant Sabatier woke up to find he had $2.26 in his bank account. Five years later, he had a net worth of over $1.25 million, and CNBC began calling him "the Millennial Millionaire." By age 30, he had reached financial independence. Along the way he uncovered that most of the accepted wisdom about money, work, and retirement is either incorrect, incomplete, or so old-school it's obsolete.Financial Freedom is a step-by-step path to make more money in less time, so you have more time for the things you love. It challenges the accepted narrative of spending decades working a traditional 9 to 5 job, pinching pennies, and finally earning the right to retirement at age 65, and instead offers readers an forget everything you've ever learned about money so that you can actually live the life you want.Sabatier offers surprising, counter-intuitive advice on topics such as how * Create profitable side hustles that you can turn into passive income streams or full-time businesses* Save money without giving up what makes you happy* Negotiate more out of your employer than you thought possible* Travel the world for less* Live for free--or better yet, make money on your living situation* Create a simple, money-making portfolio that only needs minor adjustments* Think creatively--there are so many ways to make money, but we don't see them.But most importantly, Sabatier highlights that, while one's ability to make money is limitless, one's time is not. There's also a limit to how much you can save, but not to how much money you can make. No one should spend precious years working at a job they dislike or worrying about how to make ends meet. Perhaps the biggest You need less money to "retire" at age 30 than you do at age 65.Financial Freedom is not merely a laundry list of advice to follow to get rich quick--it's a practical roadmap to living life on one's own terms, as soon as possible.
558 pages, Kindle Edition
First published February 5, 2019
1397 people are currently reading
8207 people want to read
About the author
Grant Sabatier
6 books76 followersGrant Sabatier is the Author of Financial Freedom and the Creator of Millennial Money, which has reached over 10 million readers since 2015.
Grant went from $2.26 to a millionaire in 5 years, reaching financial independence at the age of 30. He writes and speaks regularly about personal finance, investing, entrepreneurship, and mindfulness and hosts the Financial Freedom podcast.
Grant has been featured in the New York Times, Washington Post, NPR, CNBC, Vice, Buzzfeed, Yahoo Finance, Money Magazine and many other media outlets around the globe.
Grant went from $2.26 to a millionaire in 5 years, reaching financial independence at the age of 30. He writes and speaks regularly about personal finance, investing, entrepreneurship, and mindfulness and hosts the Financial Freedom podcast.
Grant has been featured in the New York Times, Washington Post, NPR, CNBC, Vice, Buzzfeed, Yahoo Finance, Money Magazine and many other media outlets around the globe.
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Displaying 1 - 30 of 391 reviews
January 25, 2020
Sabatier covers all the basics. Still, quite a conservative book focusing on stocks with a small chapter on real estate. His plan will only work with a high salary. The highlights were the section on side hustles and on hacking real estate. However, with a very American-centric view - especially of taxes - and no mention of P2P investing options, how to make it without a large salary, or the myriad other ways to fund an early retirement (international teaching in my case) I could only give three stars. Worthwhile for individuals with a high salary looking to escape the rat race. Possibly not for those who are on middle to lower class salaries.
March 10, 2019
He started investing in 2010, probably one of the lowest points, so of course he made money. Just seems he failed to acknowledge luck and timing played a huge role in his current success. Let’s see how things pan out as he gets older...
January 20, 2020
Are there good things in this book? Yes. I like the concept of financial freedom, and also think the idea of saving now is very important. If you're looking for some inspiration to keep hustling, this book is great. But I really don't buy into the numbers being thrown around. For one, the author can't help but fall into the "look how much a cup of coffee could be worth" which doesn't take into account or acknowledge that inflation makes everything else more expensive too. Clearly, his all-in investment strategy has worked great, but though he acknowledges the change in the markets helping him out I don't think he fully considers how that has shaped his finances. The chapter on real estate seems like terrible advice. I don't want to discount this book entirely because there are legitimately good ideas and strategies within it. Still, the advice is sometimes questionable (invest in undervalued stocks like Buffet, as if that's something anyone can do) and there's no advice or thoughts on how things would play out if things went crashing down.
Is it worth a read? Maybe. But do yourself a favor and pick up Helaine Olen's Pound Foolish first so you can cancel out all the financial white noise in this book.
Is it worth a read? Maybe. But do yourself a favor and pick up Helaine Olen's Pound Foolish first so you can cancel out all the financial white noise in this book.
July 21, 2019
Main take aways
-Max out your employer's 401k match contribution
-You should be investing about 25% or more of your annual income
-Compound interest is a wonder of the world
-Money sitting in your bank savings account will depreciate in value due to inflation. Have an emergency fund and invest the rest
-Understand that you don't need to work until your 65 if you invest, you can live off compound interest
-Learn a side hustle
Overall I appreciated this book for giving me a new mindset of how I feel about money. That it's nice to set and forget, but if it's the thing I in many ways get up in the morning for I should be more intiment with how I manage it. Some really good insights and some ones I won't take away. But overall I generally enjoyed it. Plan on getting YNAB, realigning my 401k, and opening an IRA.
-Max out your employer's 401k match contribution
-You should be investing about 25% or more of your annual income
-Compound interest is a wonder of the world
-Money sitting in your bank savings account will depreciate in value due to inflation. Have an emergency fund and invest the rest
-Understand that you don't need to work until your 65 if you invest, you can live off compound interest
-Learn a side hustle
Overall I appreciated this book for giving me a new mindset of how I feel about money. That it's nice to set and forget, but if it's the thing I in many ways get up in the morning for I should be more intiment with how I manage it. Some really good insights and some ones I won't take away. But overall I generally enjoyed it. Plan on getting YNAB, realigning my 401k, and opening an IRA.
March 23, 2023
Tác giả hướng dẫn các bước cần thực hiện để đạt được tự do tài chính (nghĩa là sống thoải mái mà hem cần đi làm). Theo mình thì cũng ko thực tế lắm :> ở Việt Nam thì hem thể áp dụng mấy cách này được. Với lại mình cảm giác chỉ có mấy người lương cao sẵn mới có thể đầu tư và để dành như cách mà tác giả đã làm và hướng dẫn. Nghĩa là bản chất người đó phải là người có khả năng kiếm nhiều tiền sẵn rùi, lương cao sẵn rùi. Mình hiểu đầu tư là cách để bảo vệ tiền/tài sản của mình ko bị mất giá do lạm phát. Nhưng mà vấn đề là lương tháng bèo bọt quá thì lấy đâu ra nhìu để đầu tư í, để dành quỹ khẩn cấp cũng ko dc bao nhiêu.
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Nhưng mà cũng tùy khái niệm "tự do tài chính" đối với mỗi người là gì nữa. Không nhất thiết phải ăn chơi không mới là tự do. Tùy vào con số mà mỗi người đặt ra cho bản thân thui, nên mấy cách này ở một mức độ nào đó vẫn có ích, điều chỉnh lại theo hoàn cảnh sống và môi trường ở VN thui. Ví dụ như mấy tips đầu tư thì chưa chắc xài được, nhưng mà những tips để tiết kiệm và tiêu dùng thông minh thì hoàn toàn hữu ích. Quan trọng là đừng để cảm xúc chi phối khi tiêu tiền nè. Trước khi mua cái j thì dừng lại suy nghĩ coi giá trị của cái này có đáng với sự thỏa mãn nó mang lại cho mình ko? Rồi lương thực tế theo giờ làm việc của mình là nhiu? Để mua dc cái này mình tốn bnhiu thời gian làm việc? Kiểu vậy.. Nói chung mình hoàn toàn đồng ý với những j tác giả khuyên ở phần này, phần lớn những j chúng ta mua là vì chứng ta thấy NGƯỜI XUNG QUANH cũng mua, chứ ko phải vì chúng ta thực sự cần. Nếu mình chỉ mua những j mình cần hoặc những j mang lại niềm thỏa mãn thực sự cho mình, thì số tiền mình chi tiêu sẽ ÍT HƠN ĐÁNG KỂ, kiểu mình không cần nhiều tiền như mình nghĩ, cuộc sống ko quá đắt đỏ như mình nghĩ, khi mình tiêu tiền lý trí hơn.
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Một điều nữa mình thích về quyển sách là phần đầu tác giả dẫn dắt rất hay về lý do vì sao mỗi người đều nên hướng tới tự do tài chính càng sớm càng tốt. Tác giả kể câu chuyện về chính cuộc đời ổng hồi 24 tuổi (bằng tuổi mình lun). Đi làm vài năm, ngồi trong một góc văn phòng tù túng, ngày nào cũng như ngày nào, đến cuối tuần thì đi chơi xả láng tiêu sài thoải mái số tiền kiếm dc để bù lại cho những giờ làm việc chán chường. Xong vòng lặp đó cứ lặp lại cho tới khi ổng thất nghiệp và trong tài khoản còn đâu chừng mấy đô, ko tiết kiệm dc đồng nào, gia tài ko có 1 chút j, giống như chưa hề đi làm một ngày nào luôn! Mà đấy là ổng tốt nghiệp một trường đại học danh tiếng và ra có công việc liền, mà đến năm 24 tuổi nhìn lại thấy cuộc đời cũng chả ra sao. Tác giả nhận ra nếu ổng cứ tiếp tục làm việc và tiêu xài kiểu này thì ổng có làm đến 70 tuổi cũng ko nghỉ hưu nổi :((
Vậy nên ổng mới quyết tâm đạt dc con số 1 triệu USD để dc tự do làm điều mình muốn, ko cần phải suốt ngày quanh quẩn trong vòng xoáy kiếm tiền và thiếu tiền nữa!
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Câu chuyện mở đầu của tác giả rất giống với tâm lý của nhiều người. Một khi tiền không còn là vấn đề sống còn nữa thì người ta dc tự do sống theo ý họ muốn, càng tự do sớm thì càng tốt vì còn trẻ thì mới có thời gian và sức lực để làm này làm kia. Chứ lớn tuổi rồi nhiều khi còn chẳng nhớ ước mơ của mình là gì nữa. Nhưng mà ko phải ko có sự đánh đổi. Các bước mà tác giả hướng dẫn, nếu mà làm theo thì thực sự càng có một nghị lực và một sức lực phi thường cả về thể chất lẫn tinh thần @@ Đồng ý là có vài người có thể theo dc nhưng phần lớn chắc là ko. Vừa có 1 công việc full time, vừa có 1 công việc tay trái, vừa có 1 dự án cá nhân :D (dự án cá nhân có thể gộp lại thành công việc tay trái nếu nó kiếm ra tiền, nhưng mình nghĩ là ko dễ như vậy@@) Với 1 cái nữa là dòng thu nhập thụ động, cái này cũng tốn ko ít công sức bỏ ra. Nói chung ai làm được những điều này thì vô cùng xứng đáng trở nên giàu có :v mà mình nghe tác giả liệt kê mình thấy kiểu như chỉ có làm quần quật cả ngày chứ ko có thời gian ngủ nữa í @@ chắc mình làm ko nổi.
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Nhưng mà cũng tùy khái niệm "tự do tài chính" đối với mỗi người là gì nữa. Không nhất thiết phải ăn chơi không mới là tự do. Tùy vào con số mà mỗi người đặt ra cho bản thân thui, nên mấy cách này ở một mức độ nào đó vẫn có ích, điều chỉnh lại theo hoàn cảnh sống và môi trường ở VN thui. Ví dụ như mấy tips đầu tư thì chưa chắc xài được, nhưng mà những tips để tiết kiệm và tiêu dùng thông minh thì hoàn toàn hữu ích. Quan trọng là đừng để cảm xúc chi phối khi tiêu tiền nè. Trước khi mua cái j thì dừng lại suy nghĩ coi giá trị của cái này có đáng với sự thỏa mãn nó mang lại cho mình ko? Rồi lương thực tế theo giờ làm việc của mình là nhiu? Để mua dc cái này mình tốn bnhiu thời gian làm việc? Kiểu vậy.. Nói chung mình hoàn toàn đồng ý với những j tác giả khuyên ở phần này, phần lớn những j chúng ta mua là vì chứng ta thấy NGƯỜI XUNG QUANH cũng mua, chứ ko phải vì chúng ta thực sự cần. Nếu mình chỉ mua những j mình cần hoặc những j mang lại niềm thỏa mãn thực sự cho mình, thì số tiền mình chi tiêu sẽ ÍT HƠN ĐÁNG KỂ, kiểu mình không cần nhiều tiền như mình nghĩ, cuộc sống ko quá đắt đỏ như mình nghĩ, khi mình tiêu tiền lý trí hơn.
.
Một điều nữa mình thích về quyển sách là phần đầu tác giả dẫn dắt rất hay về lý do vì sao mỗi người đều nên hướng tới tự do tài chính càng sớm càng tốt. Tác giả kể câu chuyện về chính cuộc đời ổng hồi 24 tuổi (bằng tuổi mình lun). Đi làm vài năm, ngồi trong một góc văn phòng tù túng, ngày nào cũng như ngày nào, đến cuối tuần thì đi chơi xả láng tiêu sài thoải mái số tiền kiếm dc để bù lại cho những giờ làm việc chán chường. Xong vòng lặp đó cứ lặp lại cho tới khi ổng thất nghiệp và trong tài khoản còn đâu chừng mấy đô, ko tiết kiệm dc đồng nào, gia tài ko có 1 chút j, giống như chưa hề đi làm một ngày nào luôn! Mà đấy là ổng tốt nghiệp một trường đại học danh tiếng và ra có công việc liền, mà đến năm 24 tuổi nhìn lại thấy cuộc đời cũng chả ra sao. Tác giả nhận ra nếu ổng cứ tiếp tục làm việc và tiêu xài kiểu này thì ổng có làm đến 70 tuổi cũng ko nghỉ hưu nổi :((
Vậy nên ổng mới quyết tâm đạt dc con số 1 triệu USD để dc tự do làm điều mình muốn, ko cần phải suốt ngày quanh quẩn trong vòng xoáy kiếm tiền và thiếu tiền nữa!
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Câu chuyện mở đầu của tác giả rất giống với tâm lý của nhiều người. Một khi tiền không còn là vấn đề sống còn nữa thì người ta dc tự do sống theo ý họ muốn, càng tự do sớm thì càng tốt vì còn trẻ thì mới có thời gian và sức lực để làm này làm kia. Chứ lớn tuổi rồi nhiều khi còn chẳng nhớ ước mơ của mình là gì nữa. Nhưng mà ko phải ko có sự đánh đổi. Các bước mà tác giả hướng dẫn, nếu mà làm theo thì thực sự càng có một nghị lực và một sức lực phi thường cả về thể chất lẫn tinh thần @@ Đồng ý là có vài người có thể theo dc nhưng phần lớn chắc là ko. Vừa có 1 công việc full time, vừa có 1 công việc tay trái, vừa có 1 dự án cá nhân :D (dự án cá nhân có thể gộp lại thành công việc tay trái nếu nó kiếm ra tiền, nhưng mình nghĩ là ko dễ như vậy@@) Với 1 cái nữa là dòng thu nhập thụ động, cái này cũng tốn ko ít công sức bỏ ra. Nói chung ai làm được những điều này thì vô cùng xứng đáng trở nên giàu có :v mà mình nghe tác giả liệt kê mình thấy kiểu như chỉ có làm quần quật cả ngày chứ ko có thời gian ngủ nữa í @@ chắc mình làm ko nổi.
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January 7, 2023
الكتاب مكتوب بالطريقة الأمريكية التي تميل للاسهاب و التكرار لجعل الكتاب في اكبر حجم ممكن بغض النظر عن الفائدة الحقيقة لطول الكتاب، كما أن الكتاب موجه بالكامل للمواطن الأمريكي و اغلب نصائحه غير قابلة للتطبيق خارج الولايات المتحدة وبالتحديد في مصر خصوصا في ظل هذه الفترة العصيبة التي يمر بها الاقتصاد الآن.
April 5, 2019
Absolutely loved this book and have already recommended it to several friends. Even if your goal isnt financial freedom in the shortest time possible, the alternative approach to money in this book is inspiring!
December 4, 2019
This book was good, but I really liked the advice on side hustles (having various income streams).
January 31, 2020
Мөнгө = Эрх Чөлөө
Манайхан нэг бол мөнгийг үзэн яддаг, нэг бол мөнгөний л хойноос хөөцөлддөг 2 туйл руу хэт хэлбийдэг нь гачлантай. Ингэснээрээ өөрсдийгөө мөнгөний боол болгочих гээд байдаг. Угтаа бол мөнгийг эрх чөлөөнд хүргэх гарц болгож ашиглах хэрэгтэй. Үүний тулд "мөнгө хийж" сурах хэрэгтэй! (Чи мөнгө "хийхгүй" бол мөнгө чамайг "хийнэ"!)
Энэ номонд "яаж баяжих вэ?" нтр гэсэн хөгийн юм байхгүй. Харин өөрт байгаа боломжуудыг яаж ашиглавал хамгийн богино хугацаанд санхүүгийн эрх чөлөөнд хүрч болох талаар л бий. Яаж ийж байгаад орлогоо ихэсгэ, дэмий юманд мөнгө битгий үр, цуглуулсан мөнгөөрөө зөв газар хөрөнгө оруулалт хий, ажлынхаа хажуугаар хөнгөхөн хаасл хий, юм сур! гэх мэт.
Энд санхүүгийн эрх чөлөө гэж ажил хийлгүйгээр өөртөө хангалуун амьдрах боломжийг хэлж байгаа юм.
Манай Монголчууд энэ номны эхний хагасыг заавал уншваас зохилтой!
It's the first book I've ever read about personal finance and it was mostly great. It's filled with down-to-earth suggestions that you can start putting into practice from right now. But if you're not living in the US, the last part of the book is totally non-relevant. So I think it's ok to skim that part.
The key take-aways are:
- Hustle hard! Try to earn as much as money you can. Try to negotiate a raise in your full-time job. Do side-hustles with the skills you already have. Learn something that you can turn into side-hustle. Skill is the currency of the future! Create a passive income source with the skills you acquired.
- Invest hard! Invest in stock funds, bonds, and real estate. Every dollar you put into your savings/investments today will buy you months of freedom in 30 years!
- Think hard before spending your money! Every penny you spend today takes away hundreds of dollars from your future savings! So think twice before spending your money on useless shits
- Chill hard! Always remember Life > Money. So don't sacrifice your family or your health for money! You have to chill hard as you hustle hard!
Манайхан нэг бол мөнгийг үзэн яддаг, нэг бол мөнгөний л хойноос хөөцөлддөг 2 туйл руу хэт хэлбийдэг нь гачлантай. Ингэснээрээ өөрсдийгөө мөнгөний боол болгочих гээд байдаг. Угтаа бол мөнгийг эрх чөлөөнд хүргэх гарц болгож ашиглах хэрэгтэй. Үүний тулд "мөнгө хийж" сурах хэрэгтэй! (Чи мөнгө "хийхгүй" бол мөнгө чамайг "хийнэ"!)
Энэ номонд "яаж баяжих вэ?" нтр гэсэн хөгийн юм байхгүй. Харин өөрт байгаа боломжуудыг яаж ашиглавал хамгийн богино хугацаанд санхүүгийн эрх чөлөөнд хүрч болох талаар л бий. Яаж ийж байгаад орлогоо ихэсгэ, дэмий юманд мөнгө битгий үр, цуглуулсан мөнгөөрөө зөв газар хөрөнгө оруулалт хий, ажлынхаа хажуугаар хөнгөхөн хаасл хий, юм сур! гэх мэт.
Энд санхүүгийн эрх чөлөө гэж ажил хийлгүйгээр өөртөө хангалуун амьдрах боломжийг хэлж байгаа юм.
Манай Монголчууд энэ номны эхний хагасыг заавал уншваас зохилтой!
It's the first book I've ever read about personal finance and it was mostly great. It's filled with down-to-earth suggestions that you can start putting into practice from right now. But if you're not living in the US, the last part of the book is totally non-relevant. So I think it's ok to skim that part.
The key take-aways are:
- Hustle hard! Try to earn as much as money you can. Try to negotiate a raise in your full-time job. Do side-hustles with the skills you already have. Learn something that you can turn into side-hustle. Skill is the currency of the future! Create a passive income source with the skills you acquired.
- Invest hard! Invest in stock funds, bonds, and real estate. Every dollar you put into your savings/investments today will buy you months of freedom in 30 years!
- Think hard before spending your money! Every penny you spend today takes away hundreds of dollars from your future savings! So think twice before spending your money on useless shits
- Chill hard! Always remember Life > Money. So don't sacrifice your family or your health for money! You have to chill hard as you hustle hard!
December 31, 2024
good advice but super repetitive
November 22, 2018
Have you ever looked up at the heavens and said “if I just had a book that told me everything about work, money and starting a small business I’d be set for life!”
Well, the answer to your cry for help is Grant Sabatier’s new book “Financial Freedom.”
Going from broke young professional to millionaire in five years, the ‘secret’ to Grant’s success started with a fundamental truth: you can’t master money if you don’t understand it well.
And this is where Financial Freedom begins. Not with how to make a ton of money and retire by 35 with millions in the bank, but with a basic (but comprehensive) grasp of money and investing.
The book then details seven core areas to understand and build your plan to accelerate your saving and earning power and ultimately reach your “magic number” where you never have to work in a stale office again surrounded by people you may or may not like that much. However, while you are still in your day job, Grant provides many great ways to maximize your time and finances while working for someone else.
Filled with detailed charts, examples and personal anecdotes, if you take the time to dig into Financial Freedom to understand and implement many of Grant’s tips and models, most readers will find the road to financial independence a less mysterious and arduous one.
Well, the answer to your cry for help is Grant Sabatier’s new book “Financial Freedom.”
Going from broke young professional to millionaire in five years, the ‘secret’ to Grant’s success started with a fundamental truth: you can’t master money if you don’t understand it well.
And this is where Financial Freedom begins. Not with how to make a ton of money and retire by 35 with millions in the bank, but with a basic (but comprehensive) grasp of money and investing.
The book then details seven core areas to understand and build your plan to accelerate your saving and earning power and ultimately reach your “magic number” where you never have to work in a stale office again surrounded by people you may or may not like that much. However, while you are still in your day job, Grant provides many great ways to maximize your time and finances while working for someone else.
Filled with detailed charts, examples and personal anecdotes, if you take the time to dig into Financial Freedom to understand and implement many of Grant’s tips and models, most readers will find the road to financial independence a less mysterious and arduous one.
July 20, 2020
I read a lot. Because of that I'm willing to take chances on books. I'd say 1 out of 25 personal finance books are good. Maybe 1 in 10 productivity. This book is just like the 24/25. Over simplifies stuff, full of charts and graphs ( I never even look at tables etc, the text always makes the point)
Plus I literally believe he pulled some of these anecdotes out of his ass.
He did not sell a website template for a few hundred and then sell it a couple months later for some huge number, I can't remember either 50k or 500k. Didn't happen.
Also I call bullshit on the dog walker making 200k in Chicago by hiring folks to do the walking. Just play with the math, it's not happening.
Anyway hard pass, another full of shit PF book.
Plus I literally believe he pulled some of these anecdotes out of his ass.
He did not sell a website template for a few hundred and then sell it a couple months later for some huge number, I can't remember either 50k or 500k. Didn't happen.
Also I call bullshit on the dog walker making 200k in Chicago by hiring folks to do the walking. Just play with the math, it's not happening.
Anyway hard pass, another full of shit PF book.
June 4, 2019
Great book. Necessary for everyone. Wished I learned the truths years ago.
Shows the nuts and bolts of financial freedom. I enjoyed this book because it explains what is happening in our lives in the past 17 years of marriage.
Shows how a young person can become financial free at 35 years of age. With $1,000,000 in investments and living on 3% a year it will yield $30,000 yearly income plus grow to several million dollars at retirement age.
Financial freedom allows one to live life and serve God and pursue life’s passions without using the excuse, “I wish I could but I can’t afford to!”
Shows the nuts and bolts of financial freedom. I enjoyed this book because it explains what is happening in our lives in the past 17 years of marriage.
Shows how a young person can become financial free at 35 years of age. With $1,000,000 in investments and living on 3% a year it will yield $30,000 yearly income plus grow to several million dollars at retirement age.
Financial freedom allows one to live life and serve God and pursue life’s passions without using the excuse, “I wish I could but I can’t afford to!”
October 28, 2019
This book has a lot of interesting anecdotes but there are also a lot of boring fillers. If you constantly read about financial freedom and early retirement then there isn’t much in this book for you. There is almost an entire chapter on the benefits of dog walking and while I like dogs, those parts are extremely childish and short sighted. Those parts sound like a shallow blog post gone long. Overall it is a decent book but the delivery could be improved. I enjoyed his research on investing the most.
November 14, 2018
Financial Freedom gets advice on acquired significant wealth based on the author's experience and strategies. He explains how to determine your current financial situation and set goals as well as techniques to achieve those goals. The is loaded with charts and tables. This was a free review copy through Goodreads.com.
December 23, 2023
الكتاب يستحق
2.5/5
و الاقرب لعدم وجود انصاف نجوم
2/5
الكتاب هو هجين من كتابين
كيف تصبح ثريا بطريقتك الخاصة : حقق كل أهدافك المالية في زمن قياسي 3/5
المال اتقان اللعبة : 7 خطوات بسيطة لتحقيق الحرية المالية 1/5
لا جديد .... الكتاب يسير على نهج كتاب براين ترايسي
كيف تصبح ثريا بطريقتك الخاصة : حقق كل أهدافك المالية في زمن قياسي
بحذافيره نفس الموضوعات ...يمكن باسهاب و ارقام اكتر ...لكن لا شيء جذري مختلف
الكتاب القادم : 1001 Ways to Make Money If You Dare
2.5/5
و الاقرب لعدم وجود انصاف نجوم
2/5
الكتاب هو هجين من كتابين
كيف تصبح ثريا بطريقتك الخاصة : حقق كل أهدافك المالية في زمن قياسي 3/5
المال اتقان اللعبة : 7 خطوات بسيطة لتحقيق الحرية المالية 1/5
لا جديد .... الكتاب يسير على نهج كتاب براين ترايسي
كيف تصبح ثريا بطريقتك الخاصة : حقق كل أهدافك المالية في زمن قياسي
بحذافيره نفس الموضوعات ...يمكن باسهاب و ارقام اكتر ...لكن لا شيء جذري مختلف
الكتاب القادم : 1001 Ways to Make Money If You Dare
July 19, 2020
This was just the right time for me to read this book. Quite a few good tips and ideas for me to think over.
May 17, 2020
This book was a gift to me from my mom (thanks mom) on my 24th birthday. The only reason I trusted this book is because she recommended it. She’s worked in finance for 25 years and is a CFA charter holder, and she insisted I start here with my personal finance education. Books about personal finance tend to give advice that sounds too good to be true. The information can be exaggerated at best and a total scam at worst. Therefore I avoid the material and just stockpile my savings in a basic account that I barely ever look at. Investing is too complicated and scary to think about, so I thought I would just put it off until I’m in my mid 30s or so. This book taught me that I need to start investing, as much as I can, and as soon as possible. I highly recommend it to anyone who doesn’t exactly dream of working in an office until their mid sixties, but especially younger people fresh out of college or just a couple of years into the workforce. It has great advice about why and how you should be investing, and doesn’t contain the annoyingly common and unrealistic recommendations to never spend any money and work yourself into the ground on multiple side hustles until you reach your goals. Sure, if you never go to a restaurant again, live on a couch in a friend’s basement, and work 100 hours a week, you’ll probably be able to retire in less than ten years. But what kind of awful life is that?
One caveat is that most of the author’s advice assumes that you are employed by a corporation that offers benefits and you make over $50,000 per year. He also skims over the fact that, although he was in fact able to retire just a few years after starting to follow this advice, he also got extremely lucky in many cases (started investing in the market in 2010 when it was extremely low, bought 800 shares of Facebook’s IPO, etc.). The advice is still great and contains a lot of information that people need to know to have basic financial literacy, but the message “I did it easily so you can too” isn’t exactly accurate.
One caveat is that most of the author’s advice assumes that you are employed by a corporation that offers benefits and you make over $50,000 per year. He also skims over the fact that, although he was in fact able to retire just a few years after starting to follow this advice, he also got extremely lucky in many cases (started investing in the market in 2010 when it was extremely low, bought 800 shares of Facebook’s IPO, etc.). The advice is still great and contains a lot of information that people need to know to have basic financial literacy, but the message “I did it easily so you can too” isn’t exactly accurate.
November 16, 2021
I was really looking forward to reading this book, but now when I finished I have very mixed feelings.
What I like:
* Approach to the number needed for retirement. This is brilliant point I never read before
What I didn't like:
* The author was extremely lucky with the stock market so far. The path he suggests wouldn't withstand any more or less serious recession. If you have medium-high risk aversion, this strategy is not enough to sleep good
* Real estate approach is very speculative as well. There is another part of the story of using bank leverage: just tap on developers story during 2008 crisis, when banks call their commercial loans back...
* Overall it's not a comprehensive system, rather than disintegrated thoughts here and there. You can find something interesting for you, but it's not
* The book and the approach is very redundant. It's possible to track much less data points with the same outcome
What I like:
* Approach to the number needed for retirement. This is brilliant point I never read before
What I didn't like:
* The author was extremely lucky with the stock market so far. The path he suggests wouldn't withstand any more or less serious recession. If you have medium-high risk aversion, this strategy is not enough to sleep good
* Real estate approach is very speculative as well. There is another part of the story of using bank leverage: just tap on developers story during 2008 crisis, when banks call their commercial loans back...
* Overall it's not a comprehensive system, rather than disintegrated thoughts here and there. You can find something interesting for you, but it's not
* The book and the approach is very redundant. It's possible to track much less data points with the same outcome
March 11, 2019
Borrowing money is a terrible path to wealth. A lot of this is great but when they discuss borrowing money they have weird take on it. The book talked about how if you borrow money it is better than using your own money for rental properties, but they forgot to discuss the monthly cost to having that loan.
I can not recommend this book.
I can not recommend this book.
April 6, 2019
I felt there was very little to do with "millennial" anything in this book. A lot of it was restating what other, more famous books already said, and the rest was becoming a salesman. He didn't even tell his whole story, which is very confusing because the cover talks about him going from $2 to FI in 5 years.
January 29, 2022
Verbose stuff, Cliche statements, useful in bits and pieces.
July 17, 2022
Some dude talking about how he hustled hard and made some money and bought stocks during a bull market and did OK and so you could do what he did. Some sound advice sprinkled throughout (like max out your 401k). May be useful to millennials who want to listen to a millennial.
Alternatives:
The Psychology of Money
The Only Investment Guide You'll Ever Need: Expanded and Updated Throughout
The Intelligent Investor
Your Money or Your Life
Alternatives:
The Psychology of Money
The Only Investment Guide You'll Ever Need: Expanded and Updated Throughout
The Intelligent Investor
Your Money or Your Life
November 18, 2025
An LC grad I did an informational interview with in college recommended this book to me and said it one she wished she had read in her early 20s and so I finally decided to pick it up! I think this is a really useful and pretty interesting personal finance book. The section on compounding interest blew my mind. Did you know if you started today, and invested $50 a month for the next 40 or so years (until you retire) you’ll make on average $99,577.10 in interest??? That’s free money! Passive income just by letting compounding interest do its work over the long run. What if you could invest $100 a month for 40 years? Well you’ll make $199,154.20 in interest. Mind blown thats a lot of money generated. And that’s not even including the monthly money you invest over that time period! So it was helpful to see why investing is so useful in the long run. Loved the graphs. I think for an overall education on personal finance I liked Financial Feminist a little better, but overall I enjoyed this book, definitely found it helpful!
January 2, 2021
Several really good chapters in here I had to take nots on, and I definitely learned a couple new things, but a lot of it was pretty much the standard fare. Still a very easy and comprehensive read.
October 27, 2019
I think I would have enjoyed this book more if I had read it rather than listening to the audiobook. This book gets into some seriously nitty-gritty territory (which I think is good), and a lot of the time Sabatier is talking about amounts of money that kind of made me laugh (like, LOL, in my dreams). So, this book definitely makes more sense if you're a high earner. Nonetheless, as a non-high-earner, the fact that he presents the topic in such granular and specific terms is actually really encouraging. Throughout the book he emphasizes that your mindset is just as important as the amount of money you're dealing with. If you don't have the mindset that each dollar you save/invest brings you one step closer to retirement, then you probably won't save as aggressively. And that mindset is the foundation for, and motivation behind, all of the strategies presented here.
This book would be especially useful to anyone trying to navigate a side-hustle (I felt somewhat inspired myself...) since there's basically an entire section on side-hustling.
The parts about real estate hacking were interesting but I felt exhausted just listening to it. More power to you if you have the energy for that.
Overall, an ok book with specifics about making/managing money, saving, investing, and building the life you want. I think Sabatier's general mindset and recommendations about automating, but also manually managing your money to some extent, are useful for maximizing your saving potential. I liked the section at the end with his recommendations for periodically "checking in" with your money and your goals.
This book would be especially useful to anyone trying to navigate a side-hustle (I felt somewhat inspired myself...) since there's basically an entire section on side-hustling.
The parts about real estate hacking were interesting but I felt exhausted just listening to it. More power to you if you have the energy for that.
Overall, an ok book with specifics about making/managing money, saving, investing, and building the life you want. I think Sabatier's general mindset and recommendations about automating, but also manually managing your money to some extent, are useful for maximizing your saving potential. I liked the section at the end with his recommendations for periodically "checking in" with your money and your goals.
July 19, 2020
Long book... Long story short save more, make more, be frugal, invest more. Let things compound, withdraw less than the AVG return of your investments minus inflation, never touch the principal. Calculate your monthly expenditure, make sure to cover it with your returns asap.
I read this book because a friend of mine recommended this to me.
After all, it is a good read if you're at the beginning of your journey.
I read this book because a friend of mine recommended this to me.
After all, it is a good read if you're at the beginning of your journey.
This entire review has been hidden because of spoilers.
July 6, 2021
There was some good basic finance information in this book, but I felt like a lot of his tips were ridiculous. Such as "live rent free by jumping from house-sitting job to house-sitting job" or "save money on flights by flying into a different airport" which only works in the few cities that have multiple airports.
April 17, 2019
Lots of actionable tips, and very in depth while being very beginner-friendly.
I would add a little bit of humor, personally.
4.75 stars!
I would add a little bit of humor, personally.
4.75 stars!
February 5, 2020
This is an awsome book and almost worthy of 5 starts but there are some huge drawbacks in it. But first the goods. It gives a good road map to succes with tons of information 318 pages of information and things broken down.
This is also one of the points that brings it to a four star. Someone who is reading it as a first may not understand alot of it because it is not beiken down to laymen terms. Another problem with it is he does go against himself at times sayeing dont sweat little things buuuutttt little things add up. Mught want to ski on the 3 doller cup of coffee buuuuuuuuttt if you like buy just know the true vost of it. Not to metion assumes you can save 1 million dollar like your saving nickels you find on the ground so someone who isnt bussines might as well nit pick the book up. Saying if you make 25000 or les witch I do it maybe hard. Hard your telling me i should save what i make in a year and towards the end saying i should save 4 times what i make.
But through hard work side hustles and lots of drive and push and learning knowledge in how to make money this all makes sense and lead to a huge ah hah moment. Excellent book and well worth the time.
Great companion books Rich Dad Poor Dad, millionaire next door , and resources to a side hustle maybe $100 start up might help.
This is also one of the points that brings it to a four star. Someone who is reading it as a first may not understand alot of it because it is not beiken down to laymen terms. Another problem with it is he does go against himself at times sayeing dont sweat little things buuuutttt little things add up. Mught want to ski on the 3 doller cup of coffee buuuuuuuuttt if you like buy just know the true vost of it. Not to metion assumes you can save 1 million dollar like your saving nickels you find on the ground so someone who isnt bussines might as well nit pick the book up. Saying if you make 25000 or les witch I do it maybe hard. Hard your telling me i should save what i make in a year and towards the end saying i should save 4 times what i make.
But through hard work side hustles and lots of drive and push and learning knowledge in how to make money this all makes sense and lead to a huge ah hah moment. Excellent book and well worth the time.
Great companion books Rich Dad Poor Dad, millionaire next door , and resources to a side hustle maybe $100 start up might help.
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