Save and invest 10% of your income, then increase it to 25% or more. Reinvest the returns across businesses and alternative investments over 10 to 20 years to build wealth through compounding.
10%
About 25% (the speaker also says some end up at 90%)
10–20 years (mentions 10, 15, 20 years)
General partner (GP) and limited partner (LP)
Where do you want to be in 10 years, 10, 15 years? And then that's how you should live right now. You can't, like, be like, oh, I want to be financially free, sitting on the beach, drinking my ties and just checking my laptop now and again. But everything that's coming into your economy, you're just spending it, right? And the successful people that I saw and met and learned from, they started by investing 10% or putting 10% away of the money that comes into their income, increasing it to 25. I mean, some of them end up at 90%. They didn't raise their living standards significantly because they knew where they wanted to be 10, 15, 20 years down the line. So I'll just keep snowballing. I'll keep making money in my businesses, investing in these investments, alternative investments. I did as a GP in some and I did as a limited partner in others. And you just snowball that and keep on snowballing. That's how we achieved freedom.
Physicians and High Earners — What Real Estate Can and Can't Do for Your Taxes
