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This story is part of a new series of features on the subject of success,Benzinga Inspire.

In 2010, 24-year-old Grant Sabatier found himself living with his parents, unemployed and with only $5 to his name.

A sudden realization led him to set an ambitious goal: Earn $1 million and retire early. Today, Sabatier believes anyone making at least $70,000 per year can achieve financial independence in just a decade.

Sabatier, founder of Millennial Money,hustled his way to an income of over $300,000 per year through multiple income streams. He also saved 80% of his earnings.

Sabatier, now 38, was able to reach his goal in just over five years, amassing a savings of $1.2 million.

His advice for those seeking early retirement: Consistently save 50% to 70% of your income. This may require lifestyle changes, but the self-made millionaire emphasized that saving is an opportunity, not a sacrifice. Living frugally for a few years can pave the way to financial freedom.

See Also:Be Greedy When Others Are Fearful – 5 Warren Buffett Quotes To Inspire You Now

To retire within a decade, Sabatier suggests three key steps: Reduce housing expenses: Housing is often the largest monthly expense. Lowering housing costs by living in a more affordable space, having roommates, or renting out a spare room can significantly impact savings and shorten the path to retirement. Launch a side hustle: While there's a limit to cutting expenses, earning potential is limitless. Sabatier recommends making extra money and investing it, as each additional $1,000 earned and invested can shave months off the time needed to retire. Stay motivated: Maintaining motivation is crucial for those pursuing early retirement. Sabatier suggests gamifying savings, tracking progress daily, and celebrating milestones to keep enthusiasm alive.

Next:28-Year-Old Was An Underpaid Stock Trader, Now She's A Self-Made Millionaire: 'Make The Smartest Money Moves You Can'

Image by MonikaDesigns from Pixabay

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Sports

Derby winner Mystik Dan’s Preakness status TBD

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Derby winner Mystik Dan's Preakness status TBD

Three horses are confirmed as headed to Baltimore for the Preakness Stakes, though the status of Kentucky Derby winner Mystik Dan remained unclear Tuesday, with no imminent decision expected.

Mystik Dan is scheduled to return to the track Wednesday at Churchill Downs, site of his photo-finish victory Saturday ahead of Sierra Leone and Forever Young in the most-watched Derby in 35 years. Trainer Kenny McPeek has not committed to running Mystik Dan in the Preakness, telling the Maryland Jockey Club that he and owners would let the rest of the week play out before making a decision on the 3-year-old colt.

Entries for the Preakness must be made by Monday, when the post position draw is held.

If Mystik Dan does not run in the Preakness, it will be the fifth time in six years that the race goes on without a true Triple Crown on the line, a combination of Derby circumstances, the pandemic and other factors. McPeek has expressed concern about putting the horse through another two-week turnaround, which did not work out so well in November.

At least one Derby entrant is on track for the Preakness, with Hall of Fame trainer D. Wayne Lukas bringing 17th-place finisher Just Steel, along with Seize the Grey, who won the Pat Day Mile on the undercard Saturday. Lukas, 88, has won the Preakness six times.

Also going is Mugatu, the last horse left out of the Derby field, with trainer Jeff Engler calling the Preakness a logical spot.

Two-time Triple Crown-winning trainer Bob Baffert is expected to have a couple of horses in the Preakness after he was unable to run any in the Derby because of the ban on him that Churchill Downs extended for an additional year, based on Medina Spirit’s positive drug test from 2021. Muth, winner of the Arkansas Derby in his most recent start on March 30, could be the Preakness favorite ridden again by Juan Hernandez, while Frankie Dettori is set be aboard Imagination.

Baffert, 71, won his record-breaking eighth Preakness last year with National Treasure, whose victory ended Mage’s chance at a Triple Crown.

The Preakness is May 18. The Belmont Stakes, being run at Saratoga Race Course in upstate New York each of the next two years, is June 8.

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Politics

New South Korean leadership will press for BTC ETF trading

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New South Korean leadership will press for BTC ETF trading

The Democratic Party of Korea promised to allow Bitcoin exchange-traded funds and it expects to follow through, one way or another.

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UK

Five-month-old baby dies after ‘neglect incident’ at Legoland Windsor

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Five-month-old baby dies after 'neglect incident' at Legoland Windsor

A five-month-old baby who went into cardiac arrest at Legoland Windsor last week has died in hospital.

The child was in a critical condition following the incident at around 1pm on Thursday 2 May.

A 27-year-old woman from Witham, Essex, was arrested on suspicion of neglecting a child to cause unnecessary injury on Friday.

The woman is on police bail until 26 July.

Police have said they are not looking for any other suspects and have asked the public to “avoid speculation about the incident and to respect the boy’s family at this deeply upsetting time”.

The baby boy died in hospital on Sunday, police said today.

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Investigating officer Detective Constable Zoe Eele, of the Child Abuse Investigation Unit, said: “We are investigating a distressing incident involving a very young child at Legoland Windsor earlier this week.

“Firstly, our thoughts are with the family of the boy who sadly died in hospital after suffering a cardiac arrest. We are supporting them as best we can at this extremely difficult time.

“We are working closely with the team at Legoland Windsor Resort but would like to speak to anyone who may have information about this incident, specifically anyone who was queueing for the Coastguard HQ boat ride between around 11.30am and 12:45pm.”

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