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28-year-old millionaire: 'The slow way to wealth is to save'

Feb 19, 2022 0 comments

Tanner Chidester's net worth crossed $1 million before his 28th birthday, thanks to the two, seven-figure businesses he built: Fit Warrior and Elite CEOs.

Having started from scratch, the self-made millionaire has learned that if you want to get rich, "it's a lot easier to make more money than to save more," he tells CNBC Make It. "The slow way to wealth is to save."

It took Chidester, now 28, a few years to actually figure out how to make money. When he was 22, he dropped out of Texas A&M his senior year to start a business creating personalized fitness and eating plans.

The former Division 1 college football player made just $2,000 off the programs his first two years. To pay the bills, he worked six-hour shifts at Olive Garden.

It's a lot easier to make more money than to save more.Tanner ChidesterFounder and CEO of Fit Warrior and Elite CEOs.

It wasn't until he took a course about how to build an data-test="Pullquote">The wealthy are focusing their energy on not just earning — but earning a lot of money.Steve Sieboldauthor, professional speaker

This doesn't mean rich people disregard saving, Siebold notes: "The wealthy also know saving is important. But they know earning money is even more important. Most people are more concerned with the modest gains they accumulate from their savings and investments than they are with using their billion-dollar minds to create a fortune."

In conclusion: If you want to make it big, follow the money.

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