ilmscore | Prediction Details
"I'd much rather have $7,000 working for me in an account that I can't touch for let's call it 35 years so compound interest at least that first 7,000 is probably going to turn into assuming 7 to 10 % annual returns you know the market doubles every seven years that's probably close to 40 or $50,000 versus putting that 7,000 and trying to pay off the student loans or the the low interest debt"
By Minority Mindset | February 14, 2024 | Pending
From video
How A Financial Analyst Turned TikToker Went From $0 To $100,000 - Austin Hankwitz x Jaspreet Singh 01:11:46 - 01:12:08
Interpreted Prediction
The speaker believes it's more beneficial to invest $7,000 in a Roth IRA for long-term compound growth (potentially turning into $40k-$50k in 35 years) rather than using it to pay off low-interest debt.

Prediction Details

Topic
Early Investment in Roth IRA

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.