He started with an "index-first strategy," he told Insider, and invested up to 80% of his earnings into low-cost index funds in the early 2010s.
While index funds are ultimately what catapulted him to financial independence in the first place, he wouldn't necessarily go that route if he had to start from scratch today.
"I'm still very pro low-cost index funds for almost everyone," he said.
Lower returns mean index funds won't grow as much, and investors potentially have to save and contribute more to hit their goals.
"I think business ownership is really where it's going to be for the next 10 to 20 years."
Persons:
Grant Sabatier's, Sabatier, Charlie Munger, you've, boomer
Organizations:
Business, Fidelity, Federal Reserve, FedEx, SBA, Chase, Bank of America
Locations:
Morningstar