Fin
Financial System
Topic
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Recent Predictions
Incorrect: 0
Pending: 31
Unrated: 0
Prediction
Author
Predicted at
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Video
Implementing a financial system like the 75-15-10 rule, where savings and investments are allocated before funds hit the bank account, is crucial for managing income.
"create a financial system, something like 75,15,10, which [snorts] says for every dollar that you ea..."
Dec 16, 2025
Pending
A suggested financial system allocates 75% to spending, 15% to investing, and 10% to saving from all income earned.
"75 cents is the maximum that you can spend 15 cents is the minimum that you invest and 10 cents is t..."
May 26, 2024
Pending
A financial system called the 75/15/10 plan suggests spending a maximum of 75% of income, investing a minimum of 15%, and saving a minimum of 10%.
"building a financial system something like a 75 1510 plan which says for every dollar that I earn fr..."
May 21, 2024
Pending
Establishing a financial system and automating financial processes is crucial for effective money management.
"you need to create a financial system you need to automate your Finance"
Mar 24, 2024
Pending
The 75/15/10 plan suggests allocating 75% of income to spending, 15% to investing, and 10% to saving.
"a simple thing that you can follow is something like a 75151 plan which says that for every dollar t..."
Mar 24, 2024
Pending
The 75/15/10 plan suggests allocating 75% of earnings to spending, 15% to investing, and 10% to saving.
"a simple thing that you can follow is something like a 75151 plan which says that for every dollar t..."
Mar 24, 2024
Pending
Establishing a financial system and automating finances is crucial for managing money effectively.
"you need to create a financial system you need to automate your Finance"
Mar 24, 2024
Pending
The minority of financially successful people prioritize saving and investing before spending, reversing the common majority approach of spending first and saving/investing what's left over.
"what the minority people do is first they get paid so let's assume for this example that you're gett..."
Mar 10, 2024
Pending
Wealthy individuals (the 1%) prioritize saving and investing their income first, and then spend only the remaining amount, which is crucial for wealth building.
"wealthy people the 1% what they do is you make money and then you save it and you invest it first an..."
Mar 10, 2024
Pending
Wealthy individuals prioritize saving and investing before spending, contrasting with the majority who spend first and save/invest what remains.
"The difference here is the majority of people make money they spend their money and then if there's ..."
Mar 10, 2024
Pending
Traditional retirement via Social Security and savings is no longer a viable option.
"the days of you being able to just go to work and save some money and then retiring with your Social..."
Mar 5, 2024
Pending
Inflation is a persistent feature of the economic system and is expected to continue in the future, as evidenced by the Federal Reserve's 2% inflation target.
"in today's economic system we have this thing called inflation and inflation isn't something new inf..."
Feb 15, 2024
Pending
Predicted that Gold will remain an integral part of the future financial system.
"the reality is gold is going to play a part in the new Financial system... so gold is Here to Stay G..."
Feb 12, 2024
Pending
Predicted the legacy financial system will reorganize around Bitcoin very quickly.
"the entire Legacy Financial system will need to very quickly reorganize around Bitcoin as a new base"
Jan 9, 2024
Pending
Adopt a 'pay yourself first' system by investing and saving before spending, which is a key differentiator between the wealthy and the majority who spend first and save/invest leftovers.
"you want to invest and save first and then you spend whatever's left the majority of America and thi..."
Dec 24, 2023
Pending
A new hypothesis suggests that a combination of inflation and interest rate incentives might be the mechanism for eliminating cash.
"however we're starting to think that it could be a combination of inflation and incentives via inter..."
Nov 11, 2023
Pending
Current high interest rates, especially if they increase further, combined with inflation, will incentivize large cash holders to deposit their funds in banks to earn yields.
"interest rates are at their highest levels in decades assuming they stay this high or even go higher..."
Nov 11, 2023
Pending
The current economic climate suggests a potential return to higher inflation and interest rates, which would likely lead to a significant influx of cash into banks.
"we could very well be entering a world of higher inflation and higher interest rates again this woul..."
Nov 11, 2023
Pending
Once a substantial amount of cash is deposited in banks, the remaining cash can be eliminated through forced currency exchanges.
"once enough cash is in the bank they can get rid of the rest with forced currency exchange"
Nov 11, 2023
Pending
Since abandoning the gold standard in 1971, currency has been fiat, meaning it is not backed by a physical commodity like gold.
"since that time though currency has been backed by well nothing"
Nov 11, 2023
Pending
Financial freedom is diminishing within the digital financial system and will vanish entirely in a cashless society, unless that society is built on decentralized and private systems.
"this is something that is slowly disappearing from the digitized financial system and it will be com..."
Nov 11, 2023
Pending
Financial freedom is defined not by wealth accumulation but by the control individuals have over their assets and their ability to decide how and when to spend them.
"Financial Freedom doesn't mean having lots of money Financial Freedom Freedom means being in control..."
Nov 11, 2023
Pending
The lack of a gold backing for currency has led to increased instability in the financial system.
"the consequence of this is that the financial system is becoming more unstable"
Nov 11, 2023
Pending
The abandonment of the gold standard enabled unlimited currency creation, resulting in more volatile economic boom and bust cycles.
"abandoning the gold standard made it possible to create unlimited amounts of currency this has made ..."
Nov 11, 2023
Pending
After the 2008 financial crisis, central banks recognized the financial system's instability and began seeking solutions.
"following the 2008 financial crisis however central banks realized just how unstable the financial s..."
Nov 11, 2023
Pending
Many solutions proposed by central banks after 2008 involved implementing restrictive regulations that increased centralization within the financial system.
"most of these involved introducing restrictive regulations that further centralized the financial sy..."
Nov 11, 2023
Pending
The United States, the EU, and other major economies will need to implement measures to eliminate cash.
"The US the EU and others will need to find some way to get rid of cash"
Nov 11, 2023
Pending
A long-held belief is that inflation will be used to devalue cash, making it pointless to hold and thus facilitating its removal from circulation in countries like the US and EU.
"We've long believed that the only way you can get rid of cash in these countries is to inflate it aw..."
Nov 11, 2023
Pending
Implementing a financial system, such as the 75/15/10 plan (75% spending, 15% investing, 10% saving), provides structure for managing income and directing it towards assets and savings.
"the easiest way to do that is to create a financial system for yourself for example I talk about cre..."
Oct 1, 2023
Pending
The speaker believes the financial system is rigged and will explain why.
"the financial system is rigged but not in the way you might think"
Sep 21, 2023
Pending
US bonds serve as collateral for all financial loans.
"U.S bonds are used as collateral for all of the financial loans"
Aug 1, 2023
Pending