ilmscore | Prediction Details
"the reason why is because your credit cards are charging you 15 18 21 25 sometimes 28% a year in interest now the reason why that's so significant is because here when we talk about investing your money like crazy when you go and put your money into the stock market if you're go and buy rental properties now you're trying to get something like a 5 to 10% return on your money those are your goals as an investor those are considered good General returns but if you're paying 15 20 25 30 30% in interest to your credit card company but you're trying to get a 5 to 10% return here you are losing in this game of money"
By Minority Mindset | February 25, 2024 | Pending
From video
MASTERCLASS: 10 Places Your Money NEEDS To Go As Soon As You Get Paid 01:29:05 - 01:29:47
Interpreted Prediction
Prioritizing paying down high-interest debt (like credit cards with 15-30% APR) is essential because the interest paid far exceeds the typical 5-10% returns from investments, making it a losing financial strategy.

Prediction Details

Topic
Paying Down High-Interest Debt

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