ilmscore | Prediction Details
"one of the simplest things to do is now to understand the difference between being able to buy something and being able to afford something and one of the things that I like to say is just follow my rule of five if you can't buy five of them you can't afford one of them the houses are expensive though well houses are an exception different so we're talking our liabilities you want to buy a Gucci belt you want to buy a $200 Gucci belt fine can't buy five don't buy one you can't buy five don't buy one house is different house is different house is the is the one exception here where you know when it comes to your liabilities that's the only liability that would says okay to finance uh because everything else you know your Gucci belts your clothes your vacations you should not be financing that because it's not putting any money in your pocket and that's a clear liability you don't want to be financing that stuff right right"
By Minority Mindset | August 20, 2024 | Pending
From video
The System is Keeping You Poor - Here’s the Blueprint to Break Free 00:24:26 - 00:25:13
Interpreted Prediction
A 'rule of five' is proposed for purchasing liabilities: if you cannot afford to buy five of an item, you cannot afford to buy one. This rule excludes houses, which are considered an acceptable exception for financing. Other liabilities like luxury goods, clothing, and vacations should not be financed as they do not generate income and represent a financial drain.

Prediction Details

Topic
Rule of Five for Liabilities

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