Millennial millionaires agree that everyone should read this personal finance classic

In five years, Grant Sabatier of "Millennial Money" has changed from $ 2.26 in his bank account to 1 million dollars. Thanks to his embarrassment, he became a useful consulting firm.

"Once I have started this trip, I will check Amazon's most popular personal finance books," 31-year-old CNBC told Make It. It was his first book since he read 360 personal financial documents and "best books on money, era", it was his first book: "Your money or your life by Jack Dominguez ".

The recently revised and updated 1992 classic has changed the relationship between Sabatier and money, and its expenditure and savings, he said: "You are supposed to spend money on time In order to buy something, you really start thinking about your purchase. "

"I work 8 hours a day and earn 10 dollars in an hour after tax, which means earn 80 dollars a day. I would like to go out for a delicious dinner on Friday. It is to work for this meal then you will come to think of buying a larger TV like a $ 1000 television, you will think.

He is not the only millionaires to recommend reading. New York's millennium retired in her blog "The Money Habit" under the name of JP Livingston and by $ 30 million for $ 2.25 million.

She was economically independent when she was a child, and at the age of 12 she got a copy of her personal finance classic "Fad Papa, poor papa." She wrote to CNBC Make It she was reading the second money book is "your money or your life" and my eyes were "early retirement ideas". . In fact, these two books really inspired me. "

Then Chris Lining focused on his finances at the age of 20, becoming a millionaire himself made at the age of 35. Robin's book is "a book that changes my life," Lining wrote in his blog. road

It introduced him to him the idea to follow his income, expense and investment in the spreadsheet and to draw his "intersection": the monthly investment income exceeds the monthly expense. "When this happens, you are able to consider retirement seriously because you are independent in the public economy!" He explained. "Work does not require any further income."

Mr. Lining said that it is important to change the financial goal to a visual one such as a chart, because "there is a possibility of retiring in the early stage".

He said that to CNBC: "If you follow these things, start seeing it every month, and then start watching it year by year, you really begin to understand. If you save earlier If you invest, you will be able to leave sooner, as these numbers are linked, I will be able to speed up economic independence. "

I read this book for the first time when I was 12 years old. Seriously I dreamed of becoming the millennium for the first time, it appeared on my parents' bookshelf. You can say that it started my interest in my money and personal finances. I was shocked to learn that the majority of millionaires are people you do not expect - they are likely to live in a moderate home and drive an old car. The reason they are millionaires is that they save, invest, and live under their means. Since this book is analyzing the custom of billionaires, you can learn how to make them. This book taught me a lot of things I reread it in the past twenty years, and that is even better than I remember. It has plenty of practical hints that you can begin using immediately and affect your life.

Read your personal finance book. Increase your financial knowledge to get a 100% return on investment (ROI). I will spend $ 20 how to budget, invest, and save for the future. I encourage you to start with The Millionaire Next Door - it tells me that the most economically successful people do not live in expensive homes, drive expensive cars, or wear expensive clothes It will be. In terms of cash management, none of them conform to all solutions, but generally require perseverance, discipline and consistency. Since cash is their business and they are their own kings, entrepreneurs are in an unstable position than most people. But as long as you keep your costs low, increase your savings and yield to short-lived happiness, you can eliminate most of the anxiety caused by the lack of personal finances.

9 Entrepreneurs need to spend money to do the reality so that they can bear the professional risks they need to succeed.