ilmscore | Prediction Details
"so you're paying $487 a month and you're getting a car with a heated steering wheel that's pretty cool but if you took that same $487 a month and you invested this money into let's say a lowcost index fund that was paying a 7% annual return so this is not something super aggressive we're talking about an average 7% return a year after 5 years there's $487 monthly investment at the 7% return would grow to $36,000 while the value of your car would come down to $1,000"
By Minority Mindset | January 21, 2024 | Pending
From video
The Ultimate Guide To Break Out Of The Rat Race & NEVER WORRY ABOUT MONEY AGAIN 01:57:23 - 01:58:04
Interpreted Prediction
Investing $487/month in a 7% annual return index fund for 5 years could grow to $36,000, whereas a car purchased with the same monthly payment would be worth only $1,000 after 5 years, highlighting the superior financial outcome of investing.

Prediction Details

Topic
Investment vs. Spending

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