ilmscore | Prediction Details
"the average person's Financial advice is work hard make money and save whatever you can and this is the reason why most people will never become wealthy a wealthy person would never follow that Financial advice it wealthy person is going to work hard take whatever money they can and invest it and only save what they need a wealthy person is only going to save money for three reasons they're going to save money for an emergency and so now you got to have an emergency fund this might be three months worth of expenses up to a Year's worth of expenses depending on how conservative you want to be a wealthy person will save for big purchases this might be a home this might be a car and a wealthy person will save to invest their money if saving a money does not fall into one of these three categories you got to do something with that money this goes back to what I was talking about earlier where financially educated people will take their money their earned income and they're going to convert it to passive income"
By Minority Mindset | October 29, 2023 | Pending
From video
These Are Your Biggest Financial Mistakes (Achieve Financial Freedom In 2024) | Jaspreet Singh 00:54:42 - 00:56:03
Interpreted Prediction
Wealthy individuals prioritize investing their earnings over simply saving. Savings should be strategically allocated for emergencies, significant purchases, or further investment, rather than accumulating idle cash.

Prediction Details

Topic
Savings vs. Investment

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