ilmscore | Prediction Details
"the average new car payment at the time of me recording this video is 717 dollars a month now if instead of taking this new car payment and using it to buy a car that's losing value you took this 717 a month and you just put it into the stock market you put it into an ETF an exchange traded fund that's giving you exposure to the total stock market or the S P 500 you just put your money into there historically we have seen a seven to ten percent growth in the stock market a year over the long term"
By Minority Mindset | September 17, 2023 | Pending
From video
How To Stop Paying Taxes (Legally) & Build Your Financial Freedom | Jaspreet Singh 00:35:14 - 00:35:54
Interpreted Prediction
Instead of financing a car with an average monthly payment of $717, investing that amount monthly into the stock market could potentially grow to nearly $2 million over 45 years, assuming a 7% annual return.

Prediction Details

Topic
Car Payment Impact on Wealth

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