Investing 10% of income from age 20 will take approximately 51 years for investments to replace income.
"If you invest 10% of your income, starting at the age of 20 years old, it'll take you about 51 years of doing that to accumulate enough money for your investments to replace your income."
Saving 50% of income allows for retirement in 17 years, with investments indefinitely sustaining lifestyle.
"And if you manage to save 50% of your income, you could literally retire in 17 years while your investments earn enough to sustain your lifestyle indefinitely."
65% of millionaires have at least three income streams, indicating the importance of income diversification.
"when you see that 65% of millionaires have three or more sources of income, I would take that into consideration and do your best to diversify as much as you can."
