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In 2008, Grant Sabatier was a 24-year-old with $2.26 in his bank account. He’d been jumping around from job to job, and was ultimately laid off in the great recession. Finally, he was forced to move back in with his parents. It’s a story that rings true even today for many Millennials today, who are saddled with massive student debt (2020 graduates borrowed 20% more than the class before, averaging $29,927), a challenging job market, and a global pandemic that has thrown nearly everyone off-course. But Sabatier’s story contains a twist: Five years after his move, at the age of 30, he became a millionaire. It turns out that the home he returned to also provided him with a source of inspiration. Not long after his return, Sabatier found himself at his parents’ annual 4th of July picnic in Falls Church, Virginia. Many of the guests were older — and the conversation seemed to revolve around retirement. Listening to this, all he could think was, “gosh, I’m so far away from that.” Sabatier wasn’t wrong. Like many of his generation, he’d been buying into the “American dream” of his parent’s generation: worked hard, study hard, and go to a great college. He did all of that. So, he assumed that this hard work at school would translate into a successful career — it didn’t. “Welcome to the real world,” his dad had told him. FIRE Traditional estimates, from financial firms like Fidelity , recommend saving 10-15% of your income […]